Roles and Responsibilities of Marketing and Their Interrelation with Other Functions of Organisation
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This report covers different roles and responsibilities of marketing function and explains how marketing department of an organisation is interlinked with other departments of the company.
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................4 Roles and Responsibilities of marketing and their interrelation with other functions of organisation................................................................................................................................4 TASK 2............................................................................................................................................8 Compare ways in which an organisations apply marketing mix to attain overall objectives.....8 TASK 3..........................................................................................................................................11 Marketing Plan for CADBURY................................................................................................11 CONCLUSION..............................................................................................................................15 REFERENCES..............................................................................................................................16
INTRODUCTION Marketing refers to the process of promoting and creating awareness about products as well as services at marketplace in order to increases sales and generate higher profits. Marketing involves various activities such as Advertisement, personal selling, social media marketing and so on. By the assistance of this, companies are able to attract large number of audiences prevailing in the market(Arendt and Allain,2019). This will also assist companies to enhance the level of sales as well as profitability within short span of time. In an organisation, marketing plays vital role as it assist in achieving higher as well as development in an effective manner. In the present report, CADBURY is chosen as a base company. It is a multinational company that was established by John CADBURY in the year 1824. The company headquarter is in Uxbridge, London and at present its existence is in more than 40 countries. The company offer product such as chocolates, beverages, candies and so on. The present report covers different roles as well as responsibilities of marketing function. Along with this, it explain how marketing department of an organisation is interlinked with other departments of company. Furthermore, Marketing mix of two companies is described in the report. In addition to this, Marketing plan is developed and evaluate in this report. TASK 1 COVERED IN PPT TASK 2 Compare ways in which an organisations apply marketing mix to attain overall objectives. Marketing mix involves ideas as well as plans that is adopted by companies in order to promote their brand in market. Marketing mix involves 7P's that assist company to identify customer requirements and attain their objectives on time. The marketing mix of CADBURY and NESTLE is mentioned below: BasisCADBURYNestle ProductItimpliesanygoodsand servicesofferbyan organisationstofulfilneeds Nestle is one of the biggest multinationalcorporationof Switzerland. It provides wide
anddemandoftheir customers.CADBURY provides multiple products to their customers which includes chocolates, cookies,desserts,icecream. Born vita, Dairy milk,five star, Gems and so on(Arslanagic- Kalajdzic,Žabkarand Diamantopoulos, 2019). rangeofproductstotheir customers,whichinclude chocolates,babyfoods,pet foods, coffee, beverage, dairy products,frozenfoodand healthcarenutrition.The companyoffersvarious products and services to their customer. Famous products of Nestle includes Maggi, Kitkat, munch,milkybar,nestle coffee etc. PriceThe rates at which company offerstheirproductsand services to their customers is knownaspriceofproducts. Thecompanyprovideshigh qualityofproductstotheir customersthusitusehigh price skimming strategies for Oreo,CADBURYsilkand Bonnevillechocolate. CADBURY adopts economic pricingstrategiesforPerk, FiveStar,duetoheavy competitionariseinmarket place. The pricing strategy of nestle is totally depends on the nature of products they provides to theircustomers.Nestleuse competitive pricing strategy to their chocolates products due tohighlevelofcompetition available in the market area. On the other side, organisation charges higher prices for the product Maggi as compared to their other rivalry industries. PlaceIt defines as particular market locationwherethe organisationsupplytheir Nestlestartedtheirbusiness withinthenewmarketplace with the help of which their
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products and services to their customers.Theproductsof CADBURY is easily prove in all over the world. marketsharehasbeen increased.Withthehelpof this, there overall profitability as well as goodwill has been increasedatthecompetitive marketplace.At present the market are of Nestle has been crossesabovemorethan80 countries. In addition to this, London is identified as one of the biggest and largest market place of Nestle. PromotionIt includes all those activities whichareusedbythe organisationtoattractand influence customer to buy their product.Successofan organisationisdependson how well they influence their customers. CADBURY adopts strongpromotionalstrategies to attract their customers. The companystartvarious campaigntopromotetheir products as they use emotional advertisement by which they can connect emotionally with theircustomers.Like advertisementofDairymilk silk. Nestleusevarioustypesof promotional strategies in order to attracttheir targetmarket customers.Ithasbeen analysedthatthecompany adoptssocialmediasitesto promotetheirgoodsand services. In order to beat the level of competition, company startedusingadvertisement campaigninordertoattract newcustomers.Maggiand Kitkatbotharethefamous productsofNestle,asthey usesuniquetaglinesto impress their customers. The company provides free sample oftheirgoods,totheir customers before launching the
product in market to analysis whatever they accept or reject the product. ProcessIt define as series of activities which are used in producing products.CADBURYis famousforprovidingbest servicestotheircustomers. Theyusehightechnical equipmentsandmachinesto produced theirproducts in an effectivemanner (ArunachalamandSharma, 2019). Nestle uses best manufacturing machinesandequipmentin order to provides high qualities ofproductsinmarket.The companystartedonline deliverysystemoftheir productssothatcustomers easily use products of Nestle at anytime and at anywhere. Physical EvidenceCADBURYuseunique papers,andmaterialfor packaging that attract customer to purchase their product. The companyprovideallthe essential information on their packaging that assist customer to identify their products . Nestlenowstartedcoffee storesinvariouscitiesof UnitedKingdomwhere customerscaneasilyspent their time. The company use effective packaging strategies, thatattractcustomersto purchase its product. PeopleIt includes human resources of anorganisationandtarget segmentofthecompany. CADBURYhireskilled employee that helps in gaining competitiveadvantageat marketplace. CADBURY start trainingprogramtoenhance Nestle uses effective strategies for motivating their employees withinthecompany.The company provides training and developmentsessionsto employees in order to enhance skills and capabilities of staff members that affect positively
the capabilities as well as skills of their employees. ontheproductivityand efficiency of company. TASK 3 Marketing Plan for CADBURY Marketing plan is a blueprint of all the activities and strategies that is carried out by companies to achieve their desired goals within specified time period. It involves actions that is going to implement by an organisation in order to influence customers and raise their sales as well as profitability level(Barron, 2019). It also involves historical data and the methods to attain objectives of marketing. One of the most essential thing need to be consider while developing marketing plan is vision, Mission, Budget, marketing mix and monitoring & controlling as well. The marketing plan of CADBURY is defined below: About the Company:CADBURY is one of the leading confectionery company that is ownedbyMondelezInternational.Thecompanywasestablishedinyear1824byJohn CADBURY and its head office is located at Birmingham, London. The company offer products such as Chocolate bars, candies, milk additives, biscuits and so on. The company serves its product in more than 180 countries due to which it has high market share. The higher authorities of company is decided to bring new product in the market that is “ CADBURY Cold Coffee” Vision: The vision statement of the company is “ To make continuous improvement and gain leading position in the industry. Also, To offer high quality product in market and gain trust of people towards its brand”. Mission: The mission statement of CADBURY is “To be free from discrimination and follow the principle of social justice and also to deliver promises to customers” . Marketing Objectives: To introduce new product in market that is “ CADBURY cold coffee” and raise its sales by 10% in coming 4 months. To increase 5% market share by entering into new markets. To be the biggest confectionery and profitable company in the world.
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Offerings: CADBURY provides its product globally including Canada, United Kingdom and so on. It offers various range of products such as biscuits, milk additives, chocolates, candies and many more(Caliskan, 2019). Market Analysis & Research: It is essential for CADBURY to analyse current market trends so that they can fulfil customer needs and requirements and increases the number of loyal customers. By conducting a proper research, company is able to target right market that directly affect on their sales in a positive manner. In order to attain desired objectives effectively, it is essential for CADBURY to conduct both primary as well as secondary research. STP Approach: This approach involves three elements that is Segmentation, Targeting & Positioning as well. STP approach help companies in implementing business activities in a right market and position brand into the mind of customers. The three elements is defined below with relation to CADBURY: Segmentation:This is a process in which market is divided in different subdivisions where each segment will be sharing similar feature. This segmentation is very helpful in formation of various strategies. Market is usually segmented based on demographic, behavioural and psycho-graphic segmentation(Hanlon, 2019). CADBURY also makes use of segmentation technique in which they try to segment Market based on demographics, behavioural and lifestyle. Such as they launch product for different occasions by studying characteristic of their target segment of customers. New product in present case is “CADBURY Cold Coffee” and it is for all age groups of customers. Targeting:targeting is done after segmentation of market where target Market is decided and then it is focused for further implementation of strategies. In case of CADBURY aiming to target their customers after segmentation of market based on similar behavioural characteristic which they share. Target market for “CADBURY Cold Coffee” is people who are having a preference for cold coffee. Positioning:This is related with how a brand and its product are positioned in the market. For CADBURY positioning is done by by creation of a distinguish position from other competitors in the market. CADBURY has successfully able to caret a significant position becauseof the best taste which it offers in its products. “CADBURY Cold Coffee” will be of great help fort this brand in creation of a differentiation position in the market(Haywood, 2019). The prices at which they offer, wide variety of products, packaging, unique taste are some of the
features which has made CADBURY acquire a significant position for their target segment of customers.SWOT Analysis :SWOT Analysis can be defined as a process in which company identifies the strength and opportunities in order to increase the future growth of the company. In addition to this,the company also evaluates the weakness and threat of the organisation that helps in increasing the marketing share of the company. The SWOT Analysis of CADBURY which is mentioned below: StrengthWeakness CADBURY provides a huge variety ofproductinordertoattractthe customer and retain them forlong period of time. CADBURYprovidesthequality productlikechocolates,icecreams and biscuits as it helps in attracting the loyal customer across the world. Nowadayspeoplebecomemore healthconsciousandavoidto purchase the chocolates thus result in decreasingthemarketshareofthe company Controversies have direct impact on the brand image or goodwill of the company that leads to decrease the sales andprofit of the company that can be considered as a weakness of CADBURY. OpportunityThreat Cadbury can offer its product in rural areasthat helps in accelerating the market share of the company. By adding new product to the existing productofCadburyresultsin increasestheprofitabilityofthe companycanbeconsideredasa opportunity for the company. Increaseinrawmaterialand transportation cost candecrease the profitability of the company. Increase in competition of substitute product of the Cadburylike Nestle andParleycanreducethefuture growthofthecompanycanbe considered as a threat of the company.
Budget: A financial document that represents estimated amount required to perform marketing activities of an organisation. By the assistance of this, companies get to know how where to invest and what is beneficial for them(Kostelijk and Alsem, 2020). The higher authorities of CADBURY make budget and distribute funds in order to attain objectives in a proper manner. Below is the table that describes budget plan developed by CADBURY: Marketing budget Basis1st year2nd year3rd year4th year5th year Initial money60008500120001450018350 Investment1200014000255003200013500 Total600022500375004650031850 Marketing outlay Sales publicity65003200430033003250 Promotion22002100330022002000 Distributionof samples42002500600030004650 Total1290078001360085009900 By analysing the above statement, it is easily understood that CADBURY needs an investment of around2000£, 6500£ in order to launch its new product “CADBURY cold coffee” in market and to perform all activities related to marketing of its new product. Monitoring & Controlling:Monitoring and controlling is very important for keeping a checkon all theactivitieswhich havebeen performedby themarketingdepartmentof CADBURY. This stage helps in ensuring that all functions have been performed the way it was planned and any deviation in case of planned activities and achieved results are corrected. This step is also very helpful in making a analysis whether planned objectives have been achieved or
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not(Kumar and Mishra, 2019). For the purpose of tracking of various activities and monitoring is done by senior management in CADBURY. This tool is also very helpful in tracking of progress made at each step of the marketing plan. Controlling is similar to monitoring in which there is control on different functions so that planned objectives can be achieved in time specified. CONCLUSION From the above study, it has been concluded that marketing plays an essential role in every organisation as it assist in promoting and building awareness of companies product as well as services in market that leads to raise in sales and probability level of an association. It is important for higher authorities an organisation to maintain an effective relationship among all the departments of company so that activities is implemented in a smooth and proper manner. It isdeterminedthatinterrelationofmarketingdepartmentwithotherdepartmentsofan organisation assist in gaining higher growth and development in an effective manner. Moreover, marketing mix tool helps companies to identify needs of customer and then offer products in market accordingly. In addition to this, Marketing plan involves all strategies as well as plans that is implement by an entity in order to attain organisation goals within time frame.
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