Table of Contents INTRODUCTION...........................................................................................................................1 LO 1.................................................................................................................................................1 P1 Key roles and responsibility of marketing functions.............................................................1 P2 Roles and responsibilities of marketing relate to wider organisational context....................4 CONCLUSION................................................................................................................................5 REFERENCES...............................................................................................................................7
INTRODUCTION Marketing is the crucial method and tool in the modern business organisation which involves understanding of whole market area, requirements of customers, developing profitable relation, providing quality based goods and services and so more (Bowie, Paraskevas and Mariussen, 2014). This report is based on coco-cola which is international company and it is situated in united kingdom. According to the case study, the first marketing efforts in coca-cola were implemented with the help of coupons promoting free samples of beverage. LO 1 P1 Key roles and responsibility of marketing functions Marketing is that set of activity where manufacturing products and services provide effective goods to their desired customers which main motive is to satisfying their needs and wants in better manner. This can be determine as that process in which an enterprise developing and making effective plan or ideas which attracting large number of customers towards their servicesandproducts.Asperthecasestudy,coca-colaistheworldlargestbeverage organisation, which has been regulated or operated in more than 200 nations. The company always pursued towards international strategy, making strong brand for their desired customers. Development of Marketing Trends Conceptofselling-Inpastyears,marketersandvendorsaremainlyfocuson manufacturing and selling innovative products and services for analysing various buyers neds and wants. Trends is defined as that term which mainly depend on environment so vendors are trying to sell their goods and services in different situation of the market. Product concept-This is very popular concept that help in promoting their innovative andcreativegoodsamongdesiredcustomers(BrassingtonandPettitt,2013).Allthe businessmen are focus on their potential products and services for better quality and giving attention for achieving competitive advantages. Marketing concept-It is that concept which is used by coca-cola firm and this will includes designing, producing, distributing and manufacturing specific products and services for satisfying their buyers requirements and needs in better manner. There are various other trends that are as under: 1
Current trends- It is fully depend on company environment which is very flexible and change as per the time so this can be noticed that current trends are dynamics in the large marketing industry. Future trends-There are various factors which are associated with future trends that includes channel of promotion, using effective methods and techniques and adding more features and values in the existing goods so they are delivering customers which can be created and satisfied in proper way (Cleverley, 2017). External environment impacts upon marketing activities It can be said that there are numerous external factor in this contemporary era which can influence marketing activities in the significant manner. Some of factor are described briefly; Technology: it can be referred to as one of the crucial determinant of the marketing activities. The technologies which are being revolutionised on a daily manner have redefined the manner in whichmanufacturing process is being carried out. There is a serious shift in the marketing activities due to technology as well. Legal Aspects:The laws and regulation which are formed by the government tends to influence marketing activities as well. The government have defined ethics and guideline which are to be conformed while carrying out marketing activities by an enterprise. The laws and policies are to considered while formulation of decision when it comes to marketing plan or strategies. Political Aspects: This aspect focuses on rules and regulation which have been formed. There is a certain degree of flexibility relates to such regulation as government alters them as per requirement of the market circumstances (Clow and James, 2013). The code of conducts which are formed in consideration of advertisement are to be strictly followed by the company. Structure And Operations Of Marketing Department: Structure: 2
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Illustration1: Structure of marketing department, 2018 (Source: Structure of marketing department, 2018) Operation and roles of marketing department –Marketing department focus on conducting various functions and activities within an organisation that are described as under:Distribution- This should be required for determining the better network and dispersion channel for transferring effective products and services to the appropriate customers so they can easily satisfy their correct needs and demand in proper manner. Selling- In an enterprise, marketing function play an essential role in enhancing their sales volume and achieving desired target customers as well as their customers in better way (Desai, 2013). The company mainly focus on gaining attention of customers for their improving goods and services. There are various major difference of marketing functions between B2B and B2C factors that are as follows: BasicB2CB2C ProductsTherearelargenumberof Coca-colafirmcustomersso theyaremainlyfocuson Thiscanbedeterminedas there are various products and serviceswhicharegivenby 3
givingappropriatecaread effective products and services bydeterminingtheirhealth and safety needs. company to their customers for satisfying their desired needs and requirements. DistributionTheyarefollowaccurate networkforproviding effective goods and services. In B2B, there can be formal marketingfunctionsolarge number of customers can be attracted towards them. PriceAnorganisationcan concentrate on customers and targetmorecustomerswho have ability and skill to buying any type of goods and services in proper manner. Inthistypeofbusinesses, customers mainly select those firmwhicharebasedon satisfyingtheirall requirements and needs. P2 Roles and responsibilities of marketing relate to wider organisational context In an organisation, this is need to analysing and examining staff members roles and responsibilities in proper manner. For this company, they can easily achieving their potential goals and objectives. Coca-cola is very popular company which help in identifying their desired success and growth in this sector (Durmaz, 2011). As per the case study and background of the company, the main goal and objective of this company is to attain their major aims and targets in effective manner. Along with this, there are different roles and responsibilities of various department are as follows: Research and development department– It is that division of coca-cola which help in analysing various factors of marketing for doing effective research strategy. The main aim of this firm is to analysing and examining whole market place for target more customers who will willing to purchase their company goods and services. Also they are delivering quality based products and services which increasing the customer value and maintain the image of goods at large market area. 4
Marketing department– This is that division which help in promoting their different types of goods and services for target large market place. Coca-cola can using various methods and techniques such as advertisement, door to door marketing and online promoting their products in better manner (Fazlollahtabar, Aghasi and Forte, 2012). Along with this, marketing is effective tool and method which assist in enhancing understanding between employees and their desired customers. Production and operational department– In this department, the organisation are doing work for analysing and observing their customers needs and demand so as per their requirements they are developing potential goods and services in better manner. Thus, amazing for around 60% of the firm income and revenue for generating huge profitability from international market place. Finance department– This division of company assist in giving effective services by managing and maintaining accounts and certain financial statements of an organisation. Such functions and activities assist in managing all firm budgets and accounts for getting accurate data and information regarding their loss, income and expenses for analysing valuable assets and liabilities in certain financial year. Human resource department– It is that department of every company which help in managing and controlling all major activities or functions of business in better manner. Also they are select those employees who have ability and skills to deal with different situations within an organisation. After analysing these things, they can easily conducting recruitment process for choose talented and skilled staff members according to their need and requirements. For doing this, they required to analyse person ability and capability for increasing their sound environment inthewholemarketplace(Fırat,2013).Theyareprovidingtraininganddevelopment programmes which assist in maximising the employees interpersonal skills and abilities and enhancing working capacity for facing various types of issues and challenges in better manner. Information technology department– This division is working to solving various issues and problems of company in better manner. For this, IT company manager using modern and advanced technology for manufacturing innovative goods, data analysis and doing effective marketing procedures. 5
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CONCLUSION From the above mentioned report it can be analysed that Marketing is that set of activity where manufacturing products and services provide effective goods to their desired customers which main motive is to satisfying their needs and wants in better manner. In an organisation, this is need to analysing and examining staff members roles and responsibilities in proper manner. Coca-cola is very popular company which help in identifying their desired success and growth in this sector. The company always pursued towards international strategy, making strong brand for their desired customers. 6
REFERENCES Books and Journals Bowie, D., Paraskevas, A. and Mariussen, A., 2014. Technology-driven online marketing performance measurement: lessons from affiliate marketing.International Journal of Online Marketing (IJOM).4(4). pp.1-16. Brassington, F. and Pettitt, S., 2013. Essential of marketing. Cleverley, W. O., 2017.Essentials of health care finance. Jones & Bartlett Learning. Clow, K. E. and James, K. E., 2013.Essentials of marketing research: Putting research into practice. Sage. Desai, S. S., 2013. An analysis of the competitive marketing strategies of the hospitality industry in UAE.IUP Journal of Management Research.12(1). p.22. Durmaz,Y.,2011.Atheoreticalapproachtotheconceptofadvertisinginmarketing. International Journal Economic Research.[23 Januari 2015]. Fazlollahtabar, H., Aghasi, E. and Forte, P., 2012. Bi-objective two-stage decision-making process for service marketing.International Journal of Strategic Decision Sciences (IJSDS).3(3).pp.24-39. Fırat, A. F., 2013. Marketing: culture institutionalized.Journal of Macromarketing.33(1). pp.78- 82. 7