Roles and Responsibilities of Marketing in Bentley Motors
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This document discusses the key roles and responsibilities of marketing in Bentley Motors and how they relate to the wider organizational context. It also analyzes the interrelationship between marketing and other functional units of the organization.
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1. Explain the key roles and responsibility of the marketing function.....................................3 Analyse the roles and responsibility of marketing in the context of marketing environment....4 P2. Explain how roles and responsibility of marketing relate to the wider organisational context.........................................................................................................................................5 Analyse the significant of interrelationship between marketing and other functional unit of an organisation.................................................................................................................................6 Critically analyse and evaluate the key elements of the marketing functions and how they are interrelating with other functional units of an organisation........................................................7 TASK 2............................................................................................................................................7 P3. Compare the ways in which different organisations apply the marketing mix to the marketing planning process to achieve business objectives.......................................................7 Tactics used by Bentley Motors to achieve business objectives...............................................10 TASK 3..........................................................................................................................................11 P4. Produce and evaluate a basic marketing plan for an organisation......................................11 CONCLUSION..............................................................................................................................16 REFERENCES..............................................................................................................................17
INTRODUCTION Marketing is defined as the business activity undertaken by an organisation for the purpose of promoting buying and selling of specific product. It is necessary because it helps to promote and advertise about the product and services which company delivery with the help of developing awareness among the targeted audiences. It is also connected with other business functions where each and every roles and responsibilities are distributed which directly helps to maximise the percentage of profit by utilising the resources. In this respective project, the chosen organisation is Bentley Motors Limited which is one of the British Luxury Car manufacturing company. It was founded in the year 1919 where it headquarter is in Crewe, England. The founder of company is W.O. Bentley. In this file various topics will be covered starting with key roles and responsibilities of marketing functions. Comparison will be done with other business organisation with the help of marketing mix and in last segment there will discussion about marketing plan. TASK 1 P1. Explain the key roles and responsibility of the marketing function Marketing is one of the most important things in context of business as it helps to develop healthy relationship with their customers. It mainly checks that how organisation can deliver the better form of product and services to their customers by meeting out the expectations. In present scenario, number of marketing functions are there which is performed by business organisation as it helps to accomplish the goal of an organisation. In context of Bentley Motors, their manager is required to execute the roles and responsibilities which has been delegated to them as it will support organisation to attain their goals on specific time period. Some of the roles and responsibilities which has been delegated to the manager of Bentley Motors are explained below: Formulating Strategies:It is one of the major functions for any of the organisation as each and every work is based on strategies (Kumar, 2015). Appropriate form of formulating strategies helps company to do marketing for their specific product. In context of Bentley Motors, their manager is required is required to collect every single information for the purpose of formulating any of the new strategies. As, this will help them to accomplish their goals and target within specific time period. Market Research:It is also one of the key marketing functions for business organisation as it guides them what types decision are required to be taken by company for achieving the goal.
In context of Bentley Motors, marketing research will help them to collect all of the relevant information which are needed by the company (Lamb and Crompton, 2017). In addition, it will help to determine about the requirement of customers. After knowing these all, company can easily increase their sales which will impact on overall revenue. Product Design and Development:In context of any of the organisation, there manager are needed to understand that product which are manufacturing must look different and attractive through which more number of customers can be connected with company. While talking about Bentley Motors, their manager is required to understand that they need to add some additional features to their motor cars and even cars should look different and attractive due to which customers can be attracted towards the company. This will help to enhance the sale of an organisation. Brand Management:It is important for any of the organisation to build brand image within the market so that they can attract more number of customers towards the company. In context of Bentley Motors, their manager is required to build strong image of company within the marketplace through which their targets can be accomplished within appropriate time period. In addition, it will allow customers to purchase the product of Bentley just on the basis of brand name. These are some of the key marketing function that are needed to be focused more by the manager and marketing team of Bentley Motors as it will helps to work on their mission. Role of marketing in Bentley:It is said that marketing in any of the organisation is very important because it helps to determine the company that how company can accomplish their targetwithinspecifictimeperiod.Secondly,marketingteamcaneasilyguideaboutthe requirement which is needed to be added on in upcoming cars of the organisation so that better services can be provided to the customers. Analyse the roles and responsibility of marketing in the context of marketing environment Marketing environment can be explained as the process of doing planning and executing various ideas of marketing which add on pricing, promotion and distribution. In present scenario, stakeholders of a company has huge roles and responsibilities which they are needed to complete accordingtomarketingenvironment(DyllickandMuff,2016).Someoftherolesand responsibilities of marketing towards marketing environment are explained below:
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ď‚·Towards Company:Marketing environment is helpful for business organisation as it helps them to collect all of the information that how company is needed to work. It tells that what are the changes that is needed within company and how they can compete withintheexistingmarketingbyknowingthestrengthandweaknessofanother organisation. ď‚·For Customers:It is helpful for customers as well as they can easily find about the product which they can go for purchase. It will guide them about the current price, trending products with various offers such as gift vouchers, discounts and many more. ď‚·Towards Public:It is mainly helpful for public because it helps to create job opportunity in the field of marketing (Sridhar and et. al., 2016). Even it helps to raise the living standards of public as they are able to do their work ontime with the help of this products. ď‚·Towards competitors:It is regarded as one of the most important term for competitors as they can easily know about the products and services which their customers want from them. It will help organisation to prepare new plans and strategies to compete in current market. P2. Explain how roles and responsibility of marketing relate to the wider organisational context. Marketing is one of the departments of business organisation which is connected with several other department as they are unable to take any of the decisions of own. Here, roles and responsibilities are distributed but still it is necessary for different department to interact with each other in order to accomplish the goals of business organisation. In context of Bentley Motors,theirmarketingteamhasbeendistributeddifferentrolesandresponsibilitiesto accomplish the targets. For that they have created relation with various department, and they are explained below: ď‚·Marketing and Human Resources:This both departments has the huge role in context of business organisation as they both need to coordinate with each other completing any of the task.While talking about HR department, they are specialised in the field of recruitment and selecting the best candidate who can give their best to achieve the goals. When it comes to Marketing department, they do advertisement, promotion about the products and services (Stead and Hastings, 2018). Here, marketing head of Bentley
Motors are required to inform human resource team about the candidate they require to do suitable form of marketing for them for achieving their targets on time. ď‚·Marketing and Production Department:Here, both of the departments are interlinked with each other as production department is engaged in the activity of operation and producing goods. Whereas marketing team of Bentley Motors will inform about the current trending of the market and what are the changes which are needed to be brought in the features and design of cars. By obtaining the instruction from the marketing team production team will try to add on the features in their upcoming cars. This is how both departments can coordinate with each other to accomplish the goal of an organisation. ď‚·Marketing and finance department:These department has also got equal importance in context of organisation and it is necessary that they must built strong relation with each through goals can be accomplish (Feng, Morgan and Rego, 2015). Here marketing team of Bentley Motors is required to collect all of the information related to expenses which is required to spent on advertisement, promotion and many more. It will guide them to allocate specific amount of fund for marketing which will them to control unnecessary expenses and it will directly affect on the profitability of company as it will increase in significant manner. ď‚·Marketing and Research & Development Department:In an organisation, research and development department are the most important as they try to add on the new features in the product of company. For conducting research work, department of Bentley will require the help of marketing team as they are the only who can easily inform about the changes that customers want in current scenario. By knowing this all, research and development department can specifically work on this through which goals can be accomplished in most suitable manner. Analyse the significant of interrelationship between marketing and other functional unit of an organisation. In an organisation like Bentley Motors, interrelationship between different department plays crucial role because it helps them to identify that what are the changes which is needed within the company (Bull and et. al.,2016). With the help of relation between marketing department and research & development department, they can know that what are the changes which is needed to be adopted by company through they can meet out the needs of customers connect with
organisation. As different department are interrelated with each other, company is able to generate more number of revenue because budgeting department can easily allocate the amount of fund required by different department to complete the delegated work. In addition, marketing team can also guide about the candidate which are needed within company for attaining the organisational goal. Critically analyse and evaluate the key elements of the marketing functions and how they are interrelating with other functional units of an organisation In any of the company marketing functions plays significant role because they directly helps to take most of the important decision which directly helps to attainthe targets. While talking evaluating different department it can be easily understood that they can easily built strong relationship with each and company can even develop better working atmosphere (Datta, Ailawadi and Van Heerde, 2017). While talking about negative impact some time conflict can be created between department due to which decision making process can become difficult which might incur to loss for organisation. TASK 2 P3. Compare the ways in which different organisations apply the marketing mix to the marketing planning process to achieve business objectives. Marketing mix can be defined as the strategy which is used buy any of the organisation in order to promote their product within the market for increasing the overall sale. It explains that each and every decision within the company is based on 7Ps as company need to overview each and every aspect before taking any of the decision. Whenever company needs to launch any of the new products, they are needed to take the help of marketing-mix as it helps to take suitable decision. In context of Bentley Motors, they will be benefited with the help of 7Ps as they will get idea that how their organisation is performing and what are the area where they need to improve. It is said that whenever organisationwant to do comparison, they are neededto understand that they must do it with similar form of organisation as it helps to find the appropriate way to form suitable business strategies (Ahrens, 2011). It directly helps business organisation to take competitive benefit while comparing it with rivalries firm. Below, their the
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detail explanation about 7Ps which is based on Bentley Motor Limited and Jaguar Land Rover Plc. BasisDefinitionBentley Motors LimitedJaguar Land Rover ProductItisknownastheitem which is actually being sold by the company within the marketplace.Itis manufacturedformeeting out the needs of public. Bentleyisoneofthe automotivecompanies whichmainlydealsin luxurycars.Standard steelsaloon,continental models, S-Series, T-series models are some of the main product of Bentley motors. They are one of the most renownautomotive companywhichdealsin luxuryaswellas automatic vehicles. Some oftheproductofthe companyareDefender, Range rover, Range rover sport, Freelander etc PlaceItisknownasplaceof businesswherecompany conducts for the purpose of earningprofit.Itplays important role for company to select suitable place as single mistake can directly impact on profitability of a company. Theyhavebuiltthe franchise network to sale their products within the marketofUKandin otherpartoftheworld (BentleyMarketingMix (4Ps)Strategy,2018). Althoughtheydealin differentpartofthe world, but China is one of the successful places for them. For the purpose of selling theirproductwithinthe marketplacetheyhave giventhedealershipto numberofshowrooms whocansaletheircars. Themajormarketof company is in Europe and Asia. PriceIt is referredas the value which is needed to be paid by customers to buy any of the specific product. Price is directly dependent on the demand of market. Bentleyisoneofthe luxurycarswithinthe marketandbecauseof they can't compare it with itsqualityandfeatures andbyconsideringthis Jaguar Land Rover is one of the top rated company andsalesonlypremium quality of vehicles and due towhichtheyuses premium pricing policy. It
company sales their cars athigherpriceas comparedtoother companies. is one of the reasons they caneasilysalehigh quality of cars within the market (Marketing Mix Of Land Rover – Land Rover Marketing Mix, 2019). PromotionItisthebusinessactivity which is used by business organisationtoletpeople awareabouttheproducts andserviceswhich company wants to deliver to their customers. It is the way in which a companycommunicates about the products it offers forattractingthetarget customers. Bentleyhavedeveloped theconceptthatethical marketingratherthan extravagantmarketing andthisformof promotionhasbeen working for them to attain their goals. Even they like topromotionwiththe helpofCampaignsand otherpromotional schemes. Forthepurposeof promotionalactivity, JaguarLandRoveruses socialmedia,television and print media. All of the offerwhichisgivenby companycanbeeasily knownwiththehelpof this promotional activities. PeopleItisdefinedasthe employeeswhoworks within the company for the purposeofdeliveringthe product to their customers anddevelopingrelation withthem(Berkowitz, 2016). The employees of Bentley Motorsarewelltrained whotriestowork accordingtodecision takenbysuperior authority of a company. Also,theyprovide training to the employee theyhowanyofthe changescanbeadopted Theybelieveinhiring skilledandwell knowledgeable employees who can help to develop new ideas and concept for enhancethesaleofa company.Forexample: companywantsthe employees who can gives ideathatwhatcanbe
by the company.addedintheupcoming carsforenhancingthe sale. ProcessIt is the process which is usedbyorganisationto delivertheirproductsto theircustomersinshort period of time. When it comes to sale the product, they directly take the help of their franchise to guide their customers thatwhichproductis suitableforthem.For example:Customerscan reachtotheoutletto purchasetheproductof Bentley Motors. Here,companyfiles delivertheirproductsto theirdealerswhereeach andeveryemployeeare welleducatedand qualifiedtoguide customers at the time of purchasing the product. Physical Evidence Physicalevidencerefers that how a business and it’s productsaredistributed withinthemarketplace. Role of brand value plays important role in it. BentleyMotorsprovide variousdiscountoffer, differentshoppingcards andmanymorewhich givesthecompany's physicalevidence.Also, they display the cars in theirshowroomswhere freetestdrivingis provided which gives the physical evidences. The transaction bills and freevehicleservices includingdifferentgifts they give to customers on each purchase gives their physical evidence. Tactics used by Bentley Motors to achieve business objectives Tactics are one of the short term actions which is being used by business organisation for the purpose of achieving the goals of an organisation. In context of Bentley Motors they uses Benchmarkingasatacticsinwhichtheycomparetheircompanywithsimilarformof organisation which is performing well within the market (Cabrera and Williams, 2014). This help company to attain goals and take competitive advantage and it gives guidelines that how
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company can provide appropriate form of services to their customers. Second tactics which is used by Bentley Motor is that company likes to take reviews from their premium customers that what are the additional features which they want in upcoming period of time, this helps company to be more creative. Also, organisation seeks and retain the employees who are well skilled and talented and who can help organisation to attain their goals from existing market. TASK 3 P4. Produce and evaluate a basic marketing plan for an organisation Marketing plan:It is a document that facilitates the basic outlines of marketing activities regarding the development of new plan in the marketplace. A market plan includes a situation analysis, clear-cut marketing strategies, budget allocation as well as sales and profit forecasts. Themain purpose of this is to ready the business on particular course of action in marketing, this will help in achievement of organizational objectives. Company background: Bentley Motors Limited, is a British manufacturer and the marketer of Luxury cars and SUVs. This company deals in the engineering manufacturing distribution industry which was founded on 18 January 1919 by W.O. Bentley and headquarter in Crewe, England (Clow and James, 2013). The company produce continental flying spur and GT, bentayga and mulsanne etc. Executive summary:Bentley Motors Limited always tries to increase their market position by developing innovations in their existing products and services. Now, the company decides to launch hybrid and electric transmission cars for the people who can’t afford luxurious and expensive cars. It assists them to increase their existing market share by targeting middle income age group. To make their new vehicle product more successfully, the management of Bentley Motors Ltd. prepares a marketing plan describing important aspects that to be necessary consider by employees while working for launching and promoting new products.Mission: The mission statement of Bentley Motors is to manufactures the luxury cars with high performance, fast speed and exclusive product.
ď‚·Vision: The vision of Bentley Motors is to become world's most successful manufacturer of luxury cars in diverse and exciting ways. ď‚·Objectives: Bentley Motorsset their objective to increase their sales and market shares by 20% and 15% through market expansion strategy(Jones and Rowley, 2011). ď‚·Situation analysis (SWOT):It refers to methods collection that are used by the managers to analyse the internal as well as external environment of a Bentley Motors to understand the firm's customer base, capabilities etc. It includes the several factors that are market, industry, firm, environment as well as competitors that are analysed by SWOT analysis. StrengthWeaknesses ď‚·Thepopularityofthiscompanyis consideredasastrengthbecauseit produce a mix of unique luxury as well as sporty cars. ď‚·Thecompanymadecarsbyusing superior technologieswith high speed, durabilityaswellasbetter performance.Theyplacedasa technological leader in the market. ď‚·Company'slimited reachis the main weakness because they presents their cars in very limited countries and focus on only maintain their exclusivity. ď‚·It isless friendly with environment because theybought limelightasits cars which are highly polluted to the environmentandoneofthe manufacturingunitisbasedonthe banks of loop river power canal. OpportunitiesThreats
ď‚·The company thinks to manufactures thebetterthermalfuelalternatives likeelectric and hybrid transmission to become more environment friendly (Katengeza, Okello and Jambo, 2011). ď‚·Bentleyneedstoemphasiseonthe emerging market conditionsand use somepromotionalstrategiesto increase their brand value. ď‚·Changing government rules and laws related to theenvironment pollution andprotectionactcreatesmajor difficulty for the company. ď‚·Moreawareness and penetration of competing premium brandscreates a threat of competition for theBentley Motors. ď‚·Strategy:It is the study of concepts and applications of marketing that are used by the Bentley Motors to compete in the marketplace. The company can opt STP as a strategy that stands for segmentation, targeting and positioning. Along with this a company can use diversification and differentiation strategy that are described below: SegmentationIt is an approach which is used for classified the entire market world into subdivision on the basis of needs and wants of the consumer.Bentley Motors deals with premium segment by using a mixture of psycho-graphic and demographicsegmentationin orderto analysethe marketfactors.It is segmenting B2B especially in 7 star hotels (Nguyen and Simkin, 2012). TargetingThis focus on the marketing activities which will offer to the segmented customers.Bentley Motors exercise selective targeting strategy to make their product attractiveness to specific customer segment. Company's customers are billionaires in age group of 40-60 years. PositioningThis is related to the mind of consumers regarding the products and services of a company.Bentley Motors adopt value-based strategy for positioning to show the benefits and satisfaction in possessing the brand. DifferentiationBentleybrandscompetewithmanycompaniessuchasRolls-Royce, Lamborghini, Ferrari etc. by differentiate in the products and technologies. DiversificationIt means diversify the process, products etc. in order to succeed in the market. Bentley uses several channels for distributing their products into new media
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such as distributors, retailers as well as e-commerce sites etc. ď‚·Action plan:It is a document which including the all steps that are required to accomplish the specific goals and objectives (Papasolomou and Melanthiou, 2012). It includes the budget and resource estimation which needed to take a competitive advantage. Budget estimation: To develop the marketing plan Bentley required to allocate specific budget in several activities which are related to the introducing new product that can be determined below: SpecificsAmount (ÂŁ) Latest technologies35000 Promotional strategies20000 Product development resources15000 Training and development18000 From the above budget estimation, it can been seen that Bentley Motor's computing the budget of all marketing and operational activities for preparing action plan. In this company, largely focuses on using latest techniques as compared to resources of product development. Although, the company needs to emphasise on promotional strategies to take a competitive advantage. ProductBentley Motors launch hybrid and electric transmission cars to handle the trait related to environment friendly law. PriceThe price of the product is based on high-premium and targeted rich customers segments of society(Kumar, 2015). As they produce superior quality with high price of product. PlaceTillyetthecompanytargetedverysmallgroupofcustomersamongtotal population, so the company needs to focus on the demographics and countries as well as develop designs of cars for medium section of society. PromotionAs a promotional strategy a company have an opportunity to use new media
channels for promoting their products as most of the populations are using Facebook,Twitterand Instagramsoitcanhelpinprovideawarenessand encourage large number of customers. ď‚·Forecasts:The Bentley Motors needs to forecast the several aspects which are described below: Sales analysisIt is related to the identifying annual product sale of a company. Bentley Motors expected to increase in their sales by 20% in near future. Market sharesThis tool is used to measuring theBentley Motors performances withrespectofspeedanddesignwhilecarryingdowntheir operations. The company wants to increase their market shares by 15%. Efficiency ratioIt is the ratio of assets-revenue turnover divided by net assets. The company focused on increasing their efficiency level. Cost-profitability analysis It defines the actual estimated cost over the profit earned by the company through modifying in the marketing activities. ď‚·Control:It is the last and most important step of marketing plan that are used to monitor and control the entire plan of marketing in an effective and efficient manner(Sridhar and et. al., 2016). This will help in matching the actual performance with the standards activity by using KPI and Benchmarking tool which helps in to find classify about the current performance of company and where they are willing to reach in future period of time. While talking about Benchmarking, company will select the similarform of business organisation which is ranked among the top company which directly gives the idea that how performance can be improved.This step is used in the increasing sales, productivity as well as profitability ofBentley Motors.
CONCLUSION From the above prepared file, it is understood that marketing is one of the essential elements for any of the business organisation as it helps to attain the goals of company within specific time period. Marketing function tells that in any of the business organisation it is necessary for manager to know about each and every factor before taking any of the decision. Marketing is one of the departments with is interconnected with several department and it helps to take most of the major decision through which higher percentage of revenue can be generated. When it comes to marketing-mix, it is mainly used by organisation to promote their products within the market for the purpose of enhancing the sale of a company. At last, marketing plans gives idea to business organisation that what can be future result if they manufactures any of the new product in marketplace.
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