Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1 Key responsibilities and role of marketing function.........................................................1 M1...........................................................................................................................................4 D1...........................................................................................................................................4 TASK 2............................................................................................................................................4 P2 How roles and responsibilities of marketing relate to organisational context..................4 M2...........................................................................................................................................6 TASK 3............................................................................................................................................6 P3 Compare the marketing mix of different companies.........................................................6 M3.........................................................................................................................................10 D2.........................................................................................................................................10 TASK 3..........................................................................................................................................10 P4 & M4 Marketing plan for enterprise...............................................................................10 D3 Marketing plan with 7Ps.................................................................................................14 CONCLUSION.............................................................................................................................14 REFERENCES..............................................................................................................................15
INTRODUCTION Marketing is an process of management by which services and goods of organisation are given to consumers. It is linked with purchasing and selling of goods and services as well as delivering, advertising and selling goods to peoples. Working in groups within a department of marketing mainly concentrate on attracting buyers towards organisation by different tools like as sometime celebrity endorsements, media exposure, banners and packaging designs (Babin and Zikmund,2015). Cadbury is a multinational business which dealing confectioneries with London headquarters in UK. It is second largest confectionery business as well as it run in more than 50 counties all over the globe. It is having a strong base of chocolates, candies, snacks etc. within market. Most popular chocolates is Cadbury Dairy Milk. In this report it mainly concentrate on responsibilities and roles of marketing activities as well as its relations within functions of companies area. It has also compare marketing mix within two organisation. TASK 1 P1 Key responsibilities and role of marketing function Marketing It is a management process in which firm move their goods and services from concept to the clients. It includes coordination of seven elements which is called 7 P's of marketing mix. Marketing refers to activities of firm that associated with selling as well as buying product and services. In other word, marketing is a action of offer commodities in order to full fill customers needs, want in an effective manner. In present business environment, marketing is a one of the most important function of management which help organisation to achieve goals and objectives inlimited period of time effectively. It is a marketing manager responsibilities to conducting market research in order to analyse needs and wants of potential clients at market accordingly they are produce their goods and services. Through this, organisation has capable to enhance customer's satisfaction and long run sustainability in the industry (Baker, 2014). By strong marketing, firm are build core competences which help to manufacturing differentiate commodities and services to compete competitors effectively. Some important seven marketing function has detail as follows: ď‚·Product:Product is very crucial element of each one companies because it is the only element which sell to their customers and all individuals make opinion about firm 1
according to performance of goods and services. Management of Cadbury has organising market research program in order to know customers purchasing trends and behaviours, attitude, motivation factor, perception, learning style and many more. Through this, they are develop commodities accordingly to full fill consumers demand in an effective ways in limited period of time. Marketing manager decided size, colour, packaging, shape, logo, tag line, advertisement content etc. to produce product, by this they are capable to run entire business activities profitability and provide direction of operational team to make goods according to their instructions. (Source: Key functions of Marketing, 2017) ď‚·Price:Most of the customers has prices sensitive in their nature so that administration of Cadbury has fix prices to gain large market share. Cadbury is a big organisation and produce product at economic of scale in which they are offer their goods at low price as compare to other enterprise in the same industry. In addition of this, marketing manager of the company has find out disposable income capabilities of citizen of the nation that 2 Illustration1: Key functions of Marketing
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helptomakeofferforthemtoattracteffectively.Oneofthemainfunctionof merchandising department to analyse as well as evaluate competitors strategies and develop their own according to complete them effectively to achieve higher market position. By this, enterprises are able to gain competitive benefits in lone run it help to take sustainability and higher profitability as compare to their rivalry into industry. ď‚·Promotion:Inpresent business environment, modern promotional strategies should be used by an organisation in order to attract attention of large number of customers toward their own goods and services (Batt, 2013). There are tow kind of promotional method are used publicity and advertisement, both have their own strength as well as weaknesses which create positive, negative effect on an organisation performance. Some publicity mode is sponsor to sport game, news broadcasting, charity etc. and other advertisement mode is newspapers, TV add, billboards, hoardings, point of sell material etc. ď‚·Selling:It is a only activities which has generate revenue for each on companies at market place. Management of the company has develop plan to increase selling which help to gain high profitability and long sustainability. Two kind of selling mode are used by cadbury direct and indirect, both has their own positive as well as negative points. In direct sales, employees meet with their clients and make discussion face to face which help to know what buyer think about product and accordingly they are pitch to them to close a deal. In indirect sale of goods and services, manager make distribution channel and sell their commodities through this mode. In this they are not meet with their clients. ď‚·Finance:Finance is a blood of an organisation because each one department has need fund to run their activities effectively. With out money, firm are can not able to achieve goals and objectives in given time frame appropriately. Function of finance manager is construct budget for all division like human resources, operations, marketing, research and development, production etc.of the firm to complete their work in order to achieve aim in significant manner (Chinn, 2017). ď‚·Distribution:Strong distribution channel help organisation to enhance reachability in every location. It is a one of the main function of management in order to improve long term sustainability and profitability. By this arrangement firm are focus on their product quality because selling activities now should be shift to distributors work and company has only make distribution channel in order to sell their commodities. 3
ď‚·Marketing information system:Now days, information is a key factor of success for an organisation. So that, management of the Cadbury has sell their goods and services at international level and they are issues of culture diversity. In order to reduce the impact of this problem, manager has gather information related to needs and wants of potential clients form different location effectively. It help to build positive brand in consumers mind to enhance satisfaction. Computer based system has improve quality as well as productivity of employees by which enterprises capable to increase workers retention. Management information system has help staff members to completing task effectively. M1 Marketing has played very important role as well as responsibilities for an organisation which help to achieve goals and objectives in limited period of time (Desai, 2013). There are main function isproduct, price,place, promotion, selling, distribution, management information system and finance. Each one function has help to run business activities effectively. D1 All key element of marketing function has very important of an organisation and manager establish strong interrelationship with other department to complete task in an significant manner. Cadbury has operate their business at global level so that they want to focus on all marketing elements which help to make positive customer's satisfaction in long period of time effectively. TASK 2 P2 How roles and responsibilities of marketing relate to organisational context Marketing includes various roles and responsibilities of selling the products and services at market place. The activities consist of research designs, product development strategies, formulating plans and policies for effective marketing of products. The marketing manager is having different types of roles and responsibilities by which they are able to promote their products and services at market place (Diana, 2013). There are various marketing functions which are helpful in growth and development of organisation. Marketing functions are also valuable in order to establish strong brand image at market place thus firms can high profitability and market shares. Cadbury uses different types of marketing tools and techniques in order to enhance their sales ratios by selling their products at market areas. The firm is mainly focused on 4
selling customised products according to need and wants of customers in order to establish strong brand image. The marketing department is having the major responsibility in order to enhancetheoverallsalesandprofitabilityofbusiness.Therearevariousrolesand responsibilities related with marketing department which are evaluated below as: ď‚·Production: Firm has produce product according to customers preferences as well as needs. By this, they are able to achieve goals and objectives in appropriate manner. Marketing department provide information to them related to size, colour, packaging, cost etc. and accordingly manufacturing team produce goods.ď‚·Sales:It is a activities to approach customers to purchase goods and services of Cadbury in an effective ways. By which they are able to generate revenue for the company in ordertoattractlargenumberofclientstowardtheircommoditiesandservices. Management of the company hasanalyse competitors selling strategies in order to compete them effectively (Durand and Barlow, 2012).ď‚·Research and development:Marketing manager of Cadbury has organising marketing research to analyse customers needs and preference which help to run entire business activitieseffectively.Managerprovideallinformationtoresearch&development department to manufacturing product accordingly which help to full fill demand of all clients in significant ways. 5
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ď‚·Administration:Management of each one organisation is very important to develop strategies, plan, policies, rule, regulation and many more. Their main role with in firm is controlling, directing, managing all staff member to achieve set or predetermine target in limited period of time. By which enterprise has able to gain competitive benefits in long run with higher position as compare to benefits ď‚·Humanresources:Humanresourcesmanagerofthecompanyhashiretalented candidates for their organisation in order to run their business activities in an effective ways(Forrester,2010).Theyareorganisingtrainingprograminordertoehance employees skills and knowledge, by which improve all staff members performance as well as productivity in long run. Through this they are able to produce high quality product and services to gain high market position. M2 With in an organisation several department has work together in order to achieve mission as well as aim in given time frame. Marketing department make interrelationship with other division of the company like finance, human resources, research and development, operations, production etc. Marketing manager of Cadbury has conducting research in order to know customers needs for they want fund and provide all information to production as well as research & development department to make product accordingly. TASK 3 P3 Compare the marketing mix of different companies Marketing mix is conducted in entire marketing in an very adequate manner. It aid in improving in addition of market share as well as revenue. Their are 7Ps which are place, price, promotion, product, process, physical evidence and people. Therefore, compare within Nestle and Cadbury 7Ps which are explained in detail below: 6
(Source: 7Ps of Marketing Mix, 2017) Marketing mixNestleCadbury ProductIt is an largest food company. They are having higher range of products with 8,000 brands. Primary they are focusingongoodslikeasdairy products, chocolates, Beverages and readytopreparefoodarethe productsofNestlewithinthe marketplace (Gummesson, 2011). Their goods are divided according toseasonsaswellastheyare analysed according to sales within country. Their are having lotsof goods which involve such as Five star, Bournvilla, Crunchie, Caramel, Dairy milk etc. it provide a large impact on company. PriceThey are analysing market they will know with their competitors goods should be not much expensive than Nestle. As they are having a similar cost while comparing with Cadbury. Therefore,pricingstrategies dependsontheirgoods,quality, geography,competitorsetc.they givevariousfoodproductsfor attracting customers in a effective price. Managers make their goods at Goods of their cost is as per their quality. Some goods cost are high such as Bourvilla as well as goods with low rates like as eclairs, five stars, perketc. they give various effective cost and food products for attractingcustomers.Managers make their goods at various cost so thatbuyerswillpurchasetheir goods as per their buyers needs and wants. 7 Illustration2: 7Ps of Marketing Mix, 2017
variouspricingsothatcustomers willpurchasetheirgoodsasper their consumers wants and needs. PlaceMainly sales and revenue of these brands came from European. They areusingfastmovingconsumers goodschannelsofdistribution. Buyers can buy their goods from retailers. They came with discounts and tactics for keeping distribution channelbusy.Theyaremainly facingchallengeofchocolates within a market place. They directly provide products to retailers as well as wholesaler by which customers can buy as per their wants and needs (JonesandRowley,2011). Organisation goods are available in entire world. Itsgoodsareavailableinentire world. It give a higher influence on globalmarketduetotheir distributionchannel.Products availability in both areas urban as wellasrural.Theymakehuge profits in both terms of buyers base and revenues. They are introducing businessonlineandofflineboth whichaidconsumersareeasily availabletheproductswithina market. PromotionIt always came with various as well ascreativemarketingideaswhen they have to promote their brands. Theyfocusonindividualbrand, products and extensive advertising. They push their brand to buyers. It is having a strong products portfolio whichmakethemdifferentfrom their rivalries. As they use all media for enhancing their products brands suchasonline,television, Theirpromotionaltechniquesis accomplished by newspapers, radio, television,postersetc.company made huge efforts for making their goods reach with buyers as well as awarethemabouttheirgoodsto peoples.Itishavingvarious ambassadorsoftheirbrandfor various types of goods so it will makereputationonthemindof buyers. 8
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hoardings, print etc. PeopleNestle is having a management care for those who are linked with their companies due to particular person can represent organisation in front ofcustomers.Theyincrease flexibility working and cooperative within a working environment for meeting goals (KAUR, 2015). They maintaindisciplinewithintheir work for increasing their skills of workers.Inordertoenhance consumersdemandwithinmarket place.Itwillhelpcompanyto conduct the promotional activities. Cadbury enhance the brand value by enhancing products and services on theirbasisofvalues.Goods business is designed and developed byhugedeveloperswhichmake quality goods as well as enhance sales within a marketplace. Business hirestaffwhichdirectlyhandle buyerswithoutconflicts.They increase healthy and friendly nature sothatstaffmemberscan comfortably work without stress at workplace. ProcessProcess of supply chain is easy as wellascomfortablewithhelpin enhancingtheirsales.Customers complaintsareraisedabouttheir productingredientswhichsolve issues properly. Cadbury process is very easy which isusedbyorganizationtosolve problemsaswellasconflictsof buyers. Methods used by company are customer care stores, websites, telephonesetc.bythatitaidin company to manage complaints for services and delivery. They provide abetterdistributionofchannel which assist in reaching goods with customers easily. Physical evidenceAtmosphere of working company is very happening as well as happy. It made a positive environment along with that increase life for workers. Examinecompaniesvaluewhich can be visible to them. It involves interior,infrastructure,building, atmosphere etc. people can evaluate 9
They manage all the reviews which ariseonvariousonlinepagesof companies. andseegoodintheirbrandfor example there are various reviews and feedbacks of Cadbury products on internet which are not in hand of firms. Peoples can analyse websites of specific company which they can access for purchasing. Hence, as per above discussion about comparison between two firms which are nestle and Cadbury which aid them in enhancing marketing techniques in an very adequate manner. Therefore, they will meet their goals and targets within a limited period of time. It will assist them in improving productivity as well as profitability. M3 For achieving a success and growth of organisation, Cadbury should make their mission, vision and objectives. It help in meeting positive outcomes. For increasing buyers they have to make techniques of marketing which aid in making a proper brand image. Product price should beaffordableforconsumers.Customersrecensionaswellassatisfactionaidingetting competitive advantages of all organisation (Mitchell, 2012). D2 According to marketing planning involves 4Ps for proving buyers satisfaction by an company. It will lead to business for making techniques under physical evidence, product, price, place, promotion and people. Therefore, it is all are a part of their marketing plan as they define all over companies performance. These plan lead to company for analysing powers of consumers and suppliers. TASK 3 P4 & M4 Marketing plan for enterprise Marketing plan consist a document which includes promotional activities for a company, through which it gain success in coming next year. These advertising activities and actions are useful in achieving specific marketing goals in a short interval of time. In addition to this, following concept also reveals the current position of a company at marketplace as compare with 10
number of competitors present there. Generally, marketing plan consists formal structure but if organisationswanttoincreaseflexibilitythen managerscan useinformal structurealso. Therefore, this type of plan start with identifying the needs of targeted consumes. For this process, research and development team help in determining demand of customers as well as the measures through which requirement of them can be fulfilled within given period of time. Along with this, they use SWOT analysis for determining the position of Cadbury. Marketing plan basically consists, formulation of budgets, sales forecast, situation of market as well as effective strategies through which managers of Cadbury can achieve its objectives and goals. In addition to this, technical strategies aid them in utilising the resources in a better way (Ogunmokun and Tang, 2012). It highlights the mission, vision and objectives of a company also as shown below:- Overview of Cadbury Cadbury is a British multinational company of UK that delas in confectionery products. Due to wide range of commodities, this firm has got success in achieving the second best organisation in world.Itwas profound byJohnCadburyin 1824andheadquarteredin Birmingham. This company has operated its business in more than 50 countries of the world. Vision of Cadbury Vision statement highlights how a firm going in market as well as the way it deals with situation. It reflects objectives and hopes of an organisation that it wants to be achieved in future. Through this statement, managers can provide clear direction to employees and people who are connected with business members so that they can contribute their efforts in achievement of objectives in a better way. In context with Cadbury, its main vision is “Working in collaboration for producing the brands as per people requirement”. Mission of Cadbury This statement signifies business objectives and key approaches to achieve the same in a beneficial manner. It describes the future position of a company including goals, purpose and values. Thus, mission statement of Cadbury is “Cadbury is another name of quality; this is promise”. For achievement of this mission, it makes continuous improvement in products. Goals and objectives of Cadbury Objectives and specific goals reflects the purpose of running a business. This statement reveals what a company seeks to achieve as well as time in which such things can be 11
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accomplished. Therefore, main objective of Cadbury is to gain the first position in confectionery market. Therefore, it makes continuous improvement in achieving goal in a successful manner. SWOT Analysis of Cadbury Strengths:In chocolate world, Cadbury is one of a leading manufacturing firm. It has wide distribution channel with a presence in more than 200 countries. In context with product portfolio, this firm has various strong brands like Dairy Milk, Bournvita, Bornville, Oreo, Five Star and more. Product portfolio of company is very strong as it has various products such as Oreo, Bournville, dairy milk and more. These products are enriched with good flavours and nutrients. In context with marketing techniques, its advertising campaign “Kuch meetha ho jaye” isbecoming a wonderful slogan in chocolate industry. (Source: SWOT Analysis, 2018)Weakness:In recent times, many rumours are spread in marketplace about qualities of products of Cadbury. In its eatables, cockroaches and some rodents are found which impact on brand image of this firm in a vast manner. Another weakness of this industry is poorruraldistribution.Thus,itsmanagementisrequiredtoconcernmoreon strengthening the quality of products as well (Papasolomou and Melanthiou, 2012)Opportunities:Expanding business in rural market, help Cadbury to gain attention of large number of customers towards its confectionery items. This would help in increasing turnover as well as boosting the image of brand more easily in remote areas. In addition to this, adding new flavour and good taste may bring innovation in products. 12 Illustration3: SWOT Analysis, 2018
Threats:In today's fast developing world, customers are facing various health issues like obesities and bariatrics. Due to these problems, people are now avoiding to eat chocolates and other confectionery products. This would lead Cadbury to decline its business in a vast manner. STP of CadburySegmentation:In this phase, managers are required to segment marketplace into smaller area on the basis of same characteristics. It helps them in identifying needs and demand of customers easily. Thus, in context with Cadbury, it divides the area into three segments via break, impulse and take home. (Source: STP Marketing, 2017)Targeting:After segmentation, Cadbury's management is used to provide its products according to class of customers. In this process, its wide range of products are available on various range as per choice of consumers.Positioning:Punch line of Cadbury “Real taste of Life” reflects the position of this company at UK marketplace (Perreault, 2010). Marketing strategy Marketing team of Cadbury use various strategies to attract minds of customer in a large way. They make several campaigning strategies in order to bring attention of people as well as convince them to avails its products. These processes help in gaining higher profitability as well as high return on investment in a short period of interval. In addition to this, continuous changes in eatables by concerning on health issues aid them to achieve growth of business which is near about 20%. Execution 13 Illustration4: STP Marketing
After formulating effective strategies, managers concern more on how to execute them in a proper way. In addition to that, they also focus ongaining the attention of customers towards products or services. Evaluation In this step, employers of Cadbury analyse the effectiveness of tools and techniques used for gaining better efficiencies. For this process, they monitor situation of market and profitability of company also (Purvis, 2016). D3 Marketing plan with 7Ps Through marketing plan, a company can decide what to achieve in business as well as how to accomplish. This written document contains various information regarding promotional and advertising activities. It gives 7Ps in order to compare strategies and position of two companies having same products in a market (Rudden, 2016). CONCLUSION As per above report it is concluded that organisation marketing should be proper within nature. In this, various types of advantages are achieved by business in a very effective manner. consumers taste, tools and techniques of others organisation which they are utilizing. Certain things which are understand in a best way by making a proper marketing plan. Marketing mix is also implemented within the organisation for achieving a set of targets, goals and objectives in a given span of time. 14
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