INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 1 Key roles and responsibilities of the marketing function........................................................1 2 Roles and responsibilities of marketing relate to the wider organisational context.................4 TASK 2............................................................................................................................................6 3 Marketing mix to the marketing planning process to achieve business objectives..................6 TASK 3............................................................................................................................................8 4 Marketing plan.........................................................................................................................8 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12 .......................................................................................................................................................12
INTRODUCTION Marketing refers to the promotional activities which are adopted by organisation in order to promote its products and services. It includes market research, advertisement and many other things which contributes in increasing profitability of the company (Baker and Saren, 2016). Present report is based on Cadbury, the company was founded in 1824by John Cadbury. This organisationdeals in confectionery products and offers its product at international level. This report includes information of about key roles and responsibility of marketing department along with their functions. Further describes relationship of marketing department with other core areas of the company. It also compares different marketing mix process of Cadbury with the competitor company that is Nestle. And, at last it develops a marketing plan for Cadbury. TASK 1 1 Key roles and responsibilities of the marketing function Marketing is considered as the set of activities which are conducted by the organisation for exchanging their views and thoughts about its products and services which shows value to the customer, society, partners, clients and many more related person at large scale. Concept of marketing:It emphasises on the philosophy which states that organisation are firstly required to evaluate needs and demand of the customers and after completion of this analysis they should take effective decision which will help them in satisfying needs of customers. It basically aim to increase number of loyal customers for organisation. Current and future trends of marketing:Marketing department is changing day by day according to development of industry as well as market place. As per the evaluation, it has been identified that currently organisations are using print media as a marketing activities like pamphlet, posters, newspaper ads, magazines and many other options. This helps organisation is sharing about the companies products and services with the customers (William and Zikmund, 2012). On the other hand, marketing department of organisations can also adopt social media as a marketing tool. In order to promote its products and services in more effectively. Social media is a part of online media that will help organisation in connecting to huge range of customer at global level. It also contributes in increasing profitability ratio of the company with the increasing number of loyal customers.
Marketing process:Marketing process is basically consist of 4 steps which is followed by the department in order to persuade interest of customers towards their products and services. These steps are divided into 4 different stages which are described as below: In the first step organisation basically evaluates external market in order to identify available opportunity at market place. This includes needs, demands and requirement of customers. After evaluation of the market, organisation often targets selects target market which can generate maximum output for them (Baack, Harris and Baack, 2013). In this, further customers are also targeted as per the type of product which is offered to customers at market place. After identification of target market, marketing develops an effective marketing mix strategy which will contribute in promoting products and services with the targeted customers. Last step of this product involves execution of the plans and strategies which are developed for the purpose of promoting products and services with the customers. Cadbury is a UK based organisation which offers high quality chocolates to its customers at international level. Its chocolate are much popular among customers for its unique taste and different flavours that are offered to the customers. As per the given case scenario, it has been identified that there are numerous of functions which are performed by marketing department in order to generate huge amount of profitability for the company. In relation to the Cadbury, marketing department of this company plays essential role in its growth. As it helps the company in communicating with its customers about new products and services which are offered by the company at market. It can be said that effective marketing practices are helpful for the company in increasing number of its loyal customers. It has been evaluated that there are numerous of marketing functions which are performed by the marketing department of the company. Some of these functions are described as below: Market information:In the first function, marketing team initially evaluates overall market in order to identify needs and demands of the customer (Silberschatz, Galvin and Gagne, 2014). This includes analysis of both internal as well as external factors which have influence over operational activities and profitability of the company. It also analysis products and services
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which are offered by the company in order to check that they are actually liked by the customers or not. This collected information of market is further used in market segmentation. Market planning:In this function, marketing manager aims to prepare an effective market planning whose main motive is to meet targeted marketing marketing objective. It includes many aspects like promotion, productivity level, action programs and many other activities. Major aim of this market planning is to enhance presence of the company atmarket place. It also helps in increasing market share of the company. Exchange functions:Main function of marketing department is to buy and sell products and services of the company at market place. In context to Cadbury, marketing team of this company evaluates overall market condition in order to understand actual demand of customer (Joshi, 2012). The function also contributes in availing products and services of the company according to their desired demand. This marketing function includes personal selling,sales promotion activities, advertisement and etc. Overall it helps in increasing sales of the company by conducting an effective interaction with the customers. Productdesigninganddevelopment:Thismarketingfunctionmainlyemphasiseon formulatingappropriate designing and development of product inorder to attract target customers of the organisation. In context to the marketing department of Cadbury, the head of this department mainly focuses on observing actual market where every customer demand for new design. In this regard, they willingly takes an appropriate decision which cansatisfy expectation of customer. Further, marketing team guides production team about making shapes, style, design etc, which will satisfy customer. Distribution channel:It refersto the function which includes transportation and storing. For marketing manager, the function aims as formulate effective warehouse system where products of the company can be stored at bulk in order to make them safe. This also helps organisation to satisfy the need of the frequent customers as products of the company are stored in advance only. In context to Cadbury, the company can hie its warehouses in every country in order to transport its products to retailers in continuous manner (Rossi, Allenby and McCulloch, 2012). Financing:In this function of marketing department, the team also operates various activities at market place which are related to the finance. For example: Marketing manager of the Cadbury often gives credit facility to the customers(channel members or retailers) as they are considered as the regular client of the company. Marketing team of the company also negotiates with these
retailer about the prices of chocolate. It has been observed that these department gives credit facility to retailer in order to maintain healthy relationship with them for future. It also contributes in the increasing sales of company. As per the above mentioned functions of the marketing department it has been analysed that this department perform various roles in market place as well as within the organisational premises in order to maximise profitability ratio of the company (Brady, 2014). These functions also believes in making effective relationship with the distributors as well as retailer which helps them in satisfying demand of the customers. 2 Roles and responsibilities of marketing relate to the wider organisational context Marketing department of every organisation plays an essential role inthe growth of the company as they are sharing information about products and services at market place. It can be said that marketing department of Cadbury is interrelated to various organisational departments which contributes in the growth of the company. This interdependencies occurs because mainly marketing department is the only one which interact with the customers as well as other related person at regular basis. And further marketing department guides internal departments about actual demand, needs and wants of the customers. Interrelationship of marketing department with other department of Cadbury are described as below: Marketing and Human resource:Marketing department is related to the human resource department in the company. As marketing team ispromoting products, services and other activities of the company at market place. This familiarise customers about organisation, its brand image, goodwill, financial status and many more details (Clow and James, 2013).This also attracts candidates who are seeking for the job. As a result, these candidates can be further hired by the Cadbury's HR department in order to fulfil their vacant Job inthe company. It reflects dependency of HR department with the marketing department as if marketing team will not make goodwill of the company effectively then no one will agree to work in this company. Marketing and Finance:Marketing department of Cadbury helps finance department by increase value of the company at market place. This will increase more number of customers as they are aware about the company, its products and services as well as its uniqueness features. All of these attracts high range customer and raises fund for Cadbury, as its sales has been increased with the increasing goodwill of the company. This helps finance department to allocate
funds to different department which will help them in performing their business activities effectively. On the other hand, marketing department is also directly related to the finance department. As it provides funds to them for executing their marketing plan at market place in effective manner. This reflects interdependency of both the department with each other. Marketing and Production:Marketing team of Cadbury communicate actual needs and requirement of thecustomer to the production department in order to make them realise about customers expectation. This helps production team to modify their product according to the requirement of the customer. This saves the wastage level of production team asthey manufactures amount on the basis of customers need only (Silver and et al, 2012). On the other hand, in festive seasonsproduction team helps marketing team in satisfying demands of customers which is quiet high in comparison to the off season days. Production department also produces extra products beyond their shifting hours. This reflects interdependencies of both the department on each other. Marketing and research:Research department of Cadbury collects information about the targeted customer zone of the company. This gathered information is used in finding out needs, requirements, buying behaviour recent trend of the customers. Further, research avail this collected data to the marketing team in order to aware them about actual needs and status of the customer. As a result, marketingdepartment prepares an effectively marketing plan which is further used by their team in order to influence interest of customer towards them. This also guides marketing teamthe way through which they can represent Cadbury's products and services to the customers on the basis of their respective demand. It shows their interdependency of both the department on each other. As per the above mentioned interdependency, it is clear that co-ordination is important for carrying business activities smoothly. Uniformity and balance in the work of all the functioning units is key to achieve organizational goals. It integrated all the functions of management and synchronized the individual efforts along with team's efforts. Also, this promote good relationship between employee and employer, which increases their efficiency to achieve objectives. It can be achieved through, integration, balancing and timing. Further, conflicts are minimised, work of quality is improved, costs are reduced and so on. It is a continuous process and a pervasive function.
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TASK 2 3 Marketing mix to the marketing planning process to achieve business objectives. 7Ps of marketing mix BasisCadburyNestle ProductCadburyisaleadingglobal companywhichwas introduced in 1905. It produces tea, coffee and candy brands. It uses high proportion of milk within the recipe as compared torivalproducts(Armstrong and et al, 2015). In beverages there is bournvita which stands as one of the leaders in milk accompaniment. Nestle was introduced in 1905, itisoneofthestrongest FMCGcompany at aglobal level. It produces chocolates, milkproducts,andvarious prepared food aides. The main cash flow of nestle lies in the maggi noodles which itself is a landmark in the food industry. PriceThepricedistributionof cadburyisreasonableaccept some products like oreo which require more marketing to be on top as compared to other products.Thecadbury chocolatedairymilkis considered as premium brand withareasonablepriceand with atarget reach in every segment as possible. The price in this industry is dependon the marketitself. The nestle and maggi are the clear leaders in the market in terms of it's price as compared to its other competitors. The increaseinpricedidnot distract it's customer attention duetothequalityofthe product. PlaceThedistributionstrategyof cadburyismagnificentas compared to other brands. It is Thedistributionstrategyof nestle is known to be good for channel distribution with good
availableineveryarea possibleexceptsomerural area as where supply is low but the demand of the product is also very low. It follows the same marketing strategy of all the FMCG which is breaking the bulk. marketing and sales network. It introduces various marketing tactics like trade discount to attractthecustomers(Babin, and Zikmund, 2015). The most in demand products of nestle are Maggie and nescafe. PromotionsThepromotiontacticsof Cadburyforeachofit's productisdifferentlikefor Bournevilletheyhave“you don'tbuya Bourneville you earn it. It uses ATL as well as BTL marketing but the BTL marketingisverygoodas compared to other brands. The Nescafe tune of nestle is one of the most known tune in the advertising history which was launched 2 decades back. This type of nestle among it's customeriscontinuously increasingbecauseofthe excellentproductqualityof Maggie and it's amusing and humorous campaigns. Physical EvidencesCadbury maintains its physical evidencebyadaptingproper hygiene in the stores as it helps attractingmorenumberof customers (Lovelock, 2011). Nestleisusingeffective interiorasitsphysical evidence.Thishelpsthe companyinattractingmore number of customers.. ProcessCADBURYmainly emphasisesoverprocessof organisationthroughwhich theyexecutestheirbusiness activities.Thecompanyis adopting latest technology in itsprocess in order to avail Process of Nestle focuses on minimising level of wastage. The company also allocates its resourceseffectivelytothe employees.
qualityproductstoits customers. PeopleCadburyisconsideringits employeesaspeopleasit organizesvariousinduction and training sessions for their employees to deliver a good quality product and to build a bridge between the top level management and the low level management. Nestle has organized various campaigns in various countries of the world for the purpose of sales promotion. Nestle India hasbeenrecruitinglakhsof people to join their company. The above comparison shows the areas where Cadbury is required to improve its business strategies for meeting marketing goals. It should revise its price and make it more competitive. Also, marketing should be done in rural areas to increase its sales. To attract customers, its should use innovative advertisement ideas. Also, it can use social media to connect with large number of people. TASK 3 4 Marketing plan Marketing plan refers to the blueprint which guides marketing team about all the activities which are going to executed by the company. This plan also helps organisation to evaluate market condition which might affect growth of the company in future (Ahmed and Rafiq, 2013). In relation to the CADBURY, its marketing manager have formulated an effective marketing plan which will help organisational performing their business activities accordingly in order to attain their targeted goals and objectives. Marketing plan of Cadbury is described as below: Overview of the company CADBURY is a renown brand in the world which deals in confectionery. The company was established in 1824 by John Cadbury. This organisation offers chocolate products to its customers that are caramel, dairy milk, fruit and nut etc. Manager of this company often avail certain discounts to its customers in order to increase its sales.
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Mission:Cadbury believes in continuous improving its quality of the products for delivering high class products to its customers. Vision:The vision of CADBURY isto develop a brand name which becomes first priority of its customers. . Marketing objectives The main objective of company is to enhance sales by 15% in 5 months. To develop CADBURY Kurkure for increasing market share by 20% in 2 years. STP:It is considered as the three approach process which helps in the making of effective marketing plans. Through this process organisation firstly divides overall market on the basis of different segmentation. After segmenting organisation further targets potential customer in the segmented area according to needs and requirement of customers. And at last, positioning of the desired product is executed. STP of Cadbury is described as below: Segmentation:It is the process of dividing huge market into smaller group of customers which helps organisation in connecting needs of consumers with their desired products. Segmentation is done on the basis of four different components that is geographic, behavioural, demographic and Psychographic. Targeting: Inthis, after selection of segmented market the company often target customers on the basis of their requirement. The manager of CADBURY also targets consumer according to their needs and demands. Positioning:In this, organisation positions brand value of the product according to the needs and requirements of the targeted customers.It involves the image and reputation of brand in minds of consumers at marketplace. Swot analysis of CADBURY Strength CADBURY owns a strong distribution channelandalsouseseffective marketing practices. It offers variety of products according to the budget of customers (Huang and Sarigöllü, 2014.). As it prices are based on size of its products. Weakness It is difficult for the company to acquire highly skilled and trained employees all the time. Asperthechangingtimepeople aremoreawareabouttheirhealth whichmakesthemstrictineating chocolatesandotherproductswhich
are offered by the company. Opportunities Thecompanycanenterintoother sectors like media. As there is the huge scope in this filed for a well know brand. Threats Increasing rates of raw material is a majorthreatforthecompanyasit minimises their profit margins. Number of competitors is increase in thesameindustrywhichreduces overall market share of the industry as well as company. B Marketing budget Particulars1styear2ndyear3rdyear4thyear Initial money10000500050005000 Investment100001000060005000 Total20000150001100010000 Marketing outlay 15000100030005000 Promotion4000100050002000 Sales publicity2000200010001000 Direct selling4000300010001000 Total250007000100009000 Monitoring and control After formulation of marketing budget,it is essential for marketing manager or team head to monitor and control every activity at regular basis. The main aim of this step is control unwanted scrap or other unworthful expenses in order to save money of company which can be further used in effective area (opolšek and Čurin, 2012). For this, team head of Cadbury is analysing overall activities of the company that is required to be monitored at regular interval of
time. As a result, it helps organisation in attaining its targeted goals and objective of the company. The company should use innovative ways to attract potential candidates. It should provide attracting compensation along with bonus and incentives to retain its best employees. Apart from this, it should shift and change its procedures towards organic. People are getting concerned about their health, they should take it into consideration and changes the quantity of sugar and other components that could affect their health. The raw material should be obtained from a supplier which will provide it in the lowest cost. CONCLUSION From the above mentioned report, it has been analysed that effective marketing practices are beneficial for the organisation in order to promote their products and services at market place. It has been analysed that marketing process is beneficial in increases sales of the company. Along with this, it also describes about different marketing functions which helps organisation in improving their productivity level. It can be said that marketing department is interrelated to the entire department in organisation.Along with this, its can be said that marketing plan helps organisation in executing their pre planned activities which helps the company in increasing its command over customer and also contributes in increasing profitability of the firm.
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