Table of Contents INTRODUCTION...........................................................................................................................1 Activity 1........................................................................................................................................1 Roles and responsibilities of marketing function.......................................................................1 Relate to the wider organisation context roles and responsibilities:...........................................3 Roles and responsibility of market in context of marketing environment:...............................5 Inter relationship with market and other function of organization:............................................5 Analysisandevaluationofkeyelementsofmarketingfunctionandrelationshipwith organization: unit:.......................................................................................................................6 Other functional unit of CADBURY:.........................................................................................7 Activity 2.........................................................................................................................................8 Marketing Mix............................................................................................................................8 Comparison Of Organisations Through Their Marketing Mix..................................................9 Produce & Evaluate Basic Marketing Plan For Organisation...................................................12 CONCLUSION..............................................................................................................................17 REFERENCES................................................................................................................................1 .........................................................................................................................................................2
INTRODUCTION Marketing is define as promoting and selling product and services in market. This include marketing research,advertisement and understanding demand of a product in market. This is important for creating awareness in the mind of customer about organizations product and services. In business, this is important for developing programme to attain and retain its customer in market. This is theprocess of designing plan ,price, promotionand distribution for product and services. It is important for creating demand for good and services in the market. This is describe as focal point of every business because its help to generate the demand for product in market(Larson and Draper, 2015). CADBURYis the second largest confectionery brand in the world this known and famous for roses selection box and dairy milk chocolate. This company is owned by Mondlez international. This British multinational confectionery company is based in uxbridge of London in the united kingdom. This company operates in 50 countries all over the world.CADBURY was started by John Cadbury. This report cover roles and responsibilities of marketing function and relate this to organizational contextand in context of marketing environment. Analysis interrelationship between marketing and other function. Analysis and evaluation of key elements and relationship with other functional unit of organization. Comparison of organization which apply marketing mix to marketing planning process for achieving objectives strategies apply by CADBURY. Describe 7Ps in order to achieve organizations objective(Malhotra, 2015). Activity 1 Roles and responsibilities of marketing function Marketing function play a very important role in promoting the business and mission of an organization. This department has the responsibilities of growing revenue increase market sale and market share and contributing in organizations growth and profitability(Morgan, 2016) Roles and responsibilities of marketing function is explain below: Roles of marketing function: conducting customer and market research:it is very necessary to research about the market and customer for defining target market and opportunities. Organisation analysis the market and do research about the market after that sell its product according to 1
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customer in market . This help in understand that how CADBURY product detected by its customer(Mueller and et. al., 2015). Producing marketing and promotional material:Role of marketing function is to create the material that describe andpromote core product.Organization should create the material that is promote the product of organisation . Defining and managing brand:This is about defining your product or brand in front of your customer. This describe asintroduction of product , what you stand for and information about product. CADBURY provide all the information to its customer in context of its brand. Monitoring and managing social media:In this marketing contribute to maintain its social media pages that what review given by the customer. Social medial play vital role in marketing with this product of CADBURY get promoted and this create awareness in the mind of the customer. In this organisation carefully watches that what is posted about companies product and than evaluate changes. Developing market strategy :it is important for marketing function to develop effective strategy which help organization for increases its sales and its market share. Strategies is define as outline which help in topromote the product to its target market. CADBURY should develop effective strategywhich help in to create competition in market and increase its sales. Meet customer need and wants:Role to identify demand of the product in the market and what there need and want. CADBURY can influence want by cultural and individual personalities. Need of customer can be satisfied by the exchange process. CADBURY identify need and want of the customer and after that set strategy accordingly. Responsibilities of marketing function : Market research:marketing have responsibility for conducting market research which is based on product of the company. Research help CADBURY to understand its customer and its market. Market research include information of market, segmentation and market trend. Market information includes study ofproduct, supply and demand of product in market. Market segmentation define divided customer according to there taste and interest. Market trend involve movement of market according to time. With research CADBURY can easily collect the information of market and consumer. 2
Branding of product:marketing function are responsible for branding of product. Branding id define as identity of a product its includes names, signs ,symbols or slogan. Customer are associate with CADBURY brand with its its name and with its sign. Branding of product should creative and innovative so that customer get attracted toward the produce(Ottman, 2017) Sales:marketing function are responsible for generating the sales of the product. Sales is a complex process in which seeking out the potential of customerfor this offering themproductandpersuadetomakepurchaseorinvest.Forincreasingsalesof CADBURY attract customer towards product and target potential customer in the market. Public relation :this is define as public image of product which is shown by the company. CADBURY might do this by writing and presenting marketing materials at conferencesandoverseeingsocialmediamarketingcampaigns.Representativeof marketing also analysis which characteristics of his product might request to particular demographic group. Then confirm that those group are aware of the products benefits it is necessary for customer to know the benefit. Marketing material:this help to write and design brochure of company , technical paper and newsletters. All this help CADBURY to include information about product. All promotional item reflect the image ofproduct. Highlights aspects which company want to promote. Promotional activity:in this marketing representative organize promotional activity whichraise awareness of product in market. Provide full knowledge about the product andtargetpotentialcustomerinmarket(Pike,2015). Thisistheresponsibility of CADBURY to organize and contacting potential customer with all the details. Relate to the wider organisation context roles and responsibilities: Roles and responsibilities of marketing function in context of wider organization. In this howroles and responsibility of marketing function work in organization. Roles of marketing function in context of CADBURY given below : Conducting customer and market research :this includesgathered theinformation about market and customer. In CADBURY research play an important role thorough this organization identify its potential customer and their need and want . 3
Producing marketing and promotional tool:this is for promoting the product in market. Producing marketing tool is define as use difference source for promoting the product. Impact of this on CADBURYis,through this customer aware about its product and they have full knowledge about product. Defining and managing brand: defining the brand in CADBURY is very important because customer identify product by its brand name. Brandcreate interestin mind of customer with products name sign and most important its jingle. Monitoring and managing social brand: managingand monitoring social brand in CADBURY. Thiseffective to know the review about the product of organization. With this organization can solve customer problem and understand their need(Purvis, 2015) . Developing market strategy:organization with great strategy can sustain in market for so long . For increase the profit CADBURY should apply strong strategy.Effective strategy give better competition in market Responsibility of marketing function in context of CADBURY : Branding: it very important for every organization to create strong brand name because its cover large area of market.Organization like CADBURY create its strong brand name in market. This organization should use different new ideas and innovation so customer can retain for so long with its brand. Sales: sales play very important part in organization because without increasing in sales company can not earn profit. CADBURY use effective promotional tool and give good quality to customer whichincrease salesof organization.For generating sales, organization set its good brand name and effective promotional tool Market research: With the help of market research CADBURYanalysis competitors policyand trend which is going on in market . Organisation set its policy according to competitor and according to customer preference(Rowley, 2016). Public relation:this is define as maintain good relation with customer. CADBURY create its loyal customer in market with providing them best quality product. When customer is satisfied with then word of mouth promotional tool is generated. Promotional activity:This activity help organisation for providing information about producttoitscustomer.CADBURYprovideallinformationaboutitsthrough promotional activities this help in generating demand of product(Scarborough, 2016) 4
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Roles and responsibility of market in context of marketing environment: Marketing environment define as,in which internal factor like employees, customer, shareholder, retailer and distribute etc. andexternal factor which include political,legal,social, economic influence market operation. Responsibility of conduct rules or restriction in the organization .In this the purpose regulation is to protect both consumer and organization. In marketing concept of CADBURY all this rules and restriction should be considers. Organization should also focus on the economic factors for improving economy of country , for increase standard of leaving . When the economy is growing , employment is full, and prices are stable , people have less money to spend then only organisation expand in the market. Technologyhelpcompanytoaltertheirproduct.Withthehelpoftechnology organization can easily promote its product in the market. Technology save time to get changes in the product. Inter relationship with market and other function of organization: This is describe as the relationship between marketing and other function of organization which is describe below: marketing and finance: all marketing plan should include the term of finance. In organisation there is many marketing decision that should be viewed in investment decision. Whenever in the organization new product decision is made thanfinancial instrument and criteria should be usedto evaluate investment. These kind of marketing decision should not be limited . New product should include decision on advertising , promotion and marketing mix. In CADBURY all marketing plan includes the term of finance. Marketing and production: the term of marketing and production is dual one . Production define as the number of product and type of product in the organization which can be marketed . Marketing define as promote that product in an effectively manner. Marketing is also about doing the research regarding the product. Marketing research help in design the product in organization. This important to understand conflict between product and marketing production is based on long term with reasonable quantity. onthe other hand marketing looking for short production cycle and with high quality product. CADBURY set is product and add new ideas according to the market research(Stern and Porr, 2017). 5
Marketing and research and development : There is a close relationship between research and development. They both revolve around the new product development of the organization. Process of new product stages like from idea generation tofinal product development this requires close interaction between R&Dand marketing. R&D identify potential contribution of each produce and marketing research help to innovate that product. Starting stage covered by research and development for understanding the market . Marketing help to promote that product in market. In CADBURY there is close relationship between R&D and marketing. Marketingandhumanresource:Inthishumanresourcedepartmentlinkwithits marketing department. When marketing manger need sales person in organization they will communicate with the HR. They will help them to finding sales person. Analysisandevaluationofkeyelementsofmarketingfunctionandrelationshipwith organization: unit: key element of marketing function is given below product is is core and basic partof the organisation which organization produce for its customer. It is refer what an organization selling with including all of the feature advantage that consumer can enjoy after buying product. When CADBURY promote the product they have to think about the key features of product. For developing new product organisation use the term of research and development. Price play very important role in organisation . Price of a product decided by the cost of product. CADBURY use effective pricing strategy which affect the customer in positive manner . Organization should analysis and research about this that how much customer are prepared to pay for product. In CADBURY for attracting and retaining customer provide them possible discount and seasonal pricing . In organisation there is promotional activities CADBURY use to make customer aware about its product. This includes sales, advertisement and direct marketing . Organization should set out place where where product and services are successfully sold and ensure that customer can easily find out the product. When organisation provide great customer servicesand createpositive experience for customer its create profitability in organization. Delivering product and services to the customer in easy manner. good placing save time and money by increasing efficiency(Tyson, 2014). 6
Other functional unit of CADBURY: CADBURYbelievesthattherebusinesshassignificantunusedpotential.Inthis organisation by exploiting the strengths of its innovative brand . They believe that they continue grow its market share and achieve its vision of becoming the best confectionery company in the world. Marketingplanningprinciple,analysisofmarket.CADBURYhasanalysedas confectionery business and dealing with consumers . This organization contentiouslyconduct marketstudies to determine the position of its brands , in current , new and future markets. Developing action planthis one of the key philosophies that is '' making thing happen ''. monitoring of progress in this every plan is monitor by its senior to track and check plan . In any necessary changes are required than make it full fill. Market segment, this include different segment of the customer having there different needs and want this can be classified into different part: geographical segmentation in this it is divided according to the age ,location ,region and cities. Demographic segmentation this is classified on the basis of life styleand income of family. Psycho graphic dividend on the basis of person thinking.Behavioural segmentation divided on the basis of knowledge ,responce and attitude(Zimmerman and Blythe, 2017). Considering all this factorCADBURYhas targeted different segments within the market as break segment some product consumed in short term . Desire some are purchase on the basis of customers desire. CADBURY has introduced different product for different customer for every customer. For reaching out the customer consumer communication play important role . For the marketing of any product advertisement and promotion are the best way to communicate. For encouraging the customer CADBURY use many strategies such as growing with emergence market, growing with market to attract border range of consumer(Wilson, 2014). 7
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Activity 2 Marketing Mix Marketing mix is a set of marketing tool that company uses for promoting its product and brand in market. It consist of 7Ps which make a complete marketing mix. First P of these tactics are price which describe the value of products by calculating cost of production, supply- demand, segmented target and other direct & indirect factors. Next is product which refers to the item ready for sale. These are the physical and finished for of product which company manufactured for their customers(Bačík, Štefko and Gburová, 2014). Place is the third P of marketing mix which refers to the location from the point of sale, it plays an important role in increasing or decreasing the company's sale. After location, promotion is thenext tactic which refers to the activities undertaken for making the product exist for the customers. It can be done through advertising, word of mouth, incentives, press reports etc. Some additional Ps are People who are running company from front line sales staff to managing director, having right people is important for the company because they are the part of business service. Process refers to the way in which delivery of a product takes place and good process means that a standard quality is delivered and time & money has been saved. Last is physical evidence which refers to packaging, branding and interior design of an product when customer interact with customer. These mix have their own importance in organisation, they allget influence from each other and help in making business plan for the company(Baker and Magnini, 2016)x. These mix are important in developing new product, it guides in improving business, help in differentiating and at last help in being dynamic. Cadbury is the second largest confectionery brand in the word, it is following 4Ps as a tactic for their marketing strategy. Cadbury Marketing mix are-: 8
Comparison Of Organisations Through Their Marketing Mix BASISCADBURYNESTLE OverviewCadburyisaBritish multinationalcompany workinginconfectionery industry.Itisthesecond largest brand working all over theworld.Punchlineof Cadburyis“tasteslikethis feels” Nestle is one of thelargest food company in the world. It establishedin1866.andits punch line is “good food, good Life. ProductCadbury has a large product range.Theyareclassified according to the seasons, some of their products are based on occasions like Christmas and valentines day. They not only makechocolateproductsbut also engaged into beverages & desserts.Cadburyhas segregatedtheirproducts demographically.Company also ventured into ice-creams andbiscuits.Someoftheir products are Bournvita, Dairy milk,Bournville,Fivestar, Creme egg, Oreo, Blackcurrant Minirollsetc(Bakerand Magnini, 2016). On the other hand Nestle has itsmostfamousbrandof coffeeknownasNescafe. Theyhavequitedifferent product range as compare to Cadbury.SomeofNestle productsareMilk(Nestle everyday ), Prepared dishes & cooking ideas (Maggi noodles, Pasta, Sauce etc), Chocolates (Kitkat, Munch, Polo etc) PricePricingofCadburyproductsPricing mix of Nestle is based 9
are based on their quality. And they also price their products accordingtotheneedof segments. For example some products like Bournville have highpriceanditemslike eclairs, perk & five star are not very expensive. Other reasons forthedifferentpricing dependsoncompetition, demandandpackages. Cadbury applied good strategy of targeting different segments by their diverse prices. onthecompetitioninthe market and from its packaging. For example some products of Nestle like Kitkat and Munch have tough competition from Cadbury's perk & five star, so Nestle is offering competitive pricing. They are also doing it on the basis of consumptions like different sizes of maggi packets available in market at different rates(Boschetti and Massaron, 2015). PlaceCadbury has its reach all over the world, they made a huge impactonglobalmarketby making their product available everywherewhichhas increaseditscustomerbase. Cadbury adopted such strategy through which it has targeted urban as well as rural areas. It is the worldwide famous name and is working in almost 200 countries(BakerandSaren, 2016). NestleisfollowingFMCG strategy of distribution . It also keepsonintroducingtrade discount and different tactics tokeeptheirchannel motivated.Twomostin- demand products of Nestle are Nescafe and maggi which is helpingittodriveother products in the market. This company is facing challenge in chocolate segment because of thetoughcompetitionfrom cadbudry and therefore selling chocolatehasbecomelittle difficult for them. 10
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PromotionCadbury is most famous and renouncedcompanyallover the world. It has large number ofideasandmethodsto promoteitself.Company's promotionstrategyof marketingmixare advertisementthrough newspaper,television,posters,o nline,radio.Companyhas made great efforts in making theirbusinessnumberone. Theyhavetheirown promotion &advertisement cell who work hard in making their advertisement successful. On the other hand promotion mixfollowedbyNestleis tunesoftheirproducts,like they have created a Nescafe tune 2 decades back which is very catchy and get stuck on everyone's mind. Their other strategyofpromotingits product are creating good and apt punchline like they created one for kitkat chocolate “take a break”(Brady, 2014). PeopleCadburyhavebestteam memberstowork.They always focused on hiring right candidatefortheircompany becauseofwhichtheyhas reached to such a level where every company wants to be. On the other hand Nestle is hiringpeopleandthen providing them training which isexpensiveandtime consuming also. processItsmanufacturingand distributionisfantastic. Throughtheiradvertisement, theymadeitclearthat Cadbury is buying best coca beans for making its chocolate products. Distribution channel On the other hand Nestle is followingotherchannelor distributions also. Like starting frommanufacturingtobulk buyers till consumers. It is the shortchannelwhichisless expensiveandnottime 11
they are following is starting from company to C&F agent to distributors to retailers and last is consumers. Because of this channel their distribution cost is high but their strong presenceinthemarket manages it. consuming(Campbell, Martin and Fabos, 2018). Physical EvidenceCadbury'spackagingand designing is getting better day byday.Theykeepon innovating out layers of their chocolates. For example at the timeoffestivalsCompany launches some limited edition packs of chocolate which have attractivepackagingswhich influence customers to buy it (Cavusgil and et. al., 2014).. Nestle do not focus much on their packaging and designing, insteadofthatittryto influencecustomersin different ways. Produce & Evaluate Basic Marketing Plan For Organisation Cadbury is a very famous brand dealing in number of products, customers trust this brand a lot and wgich make it easy for organisation to launch its tetra packed milk bottles named DAIRYDRINK. Through this company can increase its customers base. For making it successful company need to make a strategy like they create mission and a smart vision for their new sector after that they need to analyse internal as well as external environment of their business. VISION-: Company'svisionistomakeapeacefulandequitablesocietywhichisfreefromany discrimination and based on the principle of social justice for all. MISSION-: 12
MissionofCadburyistomaintainquality.Theypromisethattheykeeponbringing improvement in their products and build their reputation on quality. SMART OBJECTIVE-: To capture 1% market of confectionery in 2 years. To attain more than 1 million customers of the Dairydrink in 1 year. To cover 20% continents within 2.5 years for sale of their products SWOT Analysis of Cadbury- SWOT analysis is a tool which help organisations in evaluating their internal competitive position. It gives realistic and fact based information to the organisation. This tool has also applied on Cadbury: STRENGTH:It is world's largest company of chocolate because of which it has its strong customer base. Cadbury is dealing in all over the world with their variety of products which is a threat for their competitors. Another strong point of Company is that it is dealing in large range of products and their customers liking it. In this situation if Cadbury launches it Dairydrink, there is good chances that they get success in it(Gillespie and Riddle, 2015). WEAKNESS:Major weakness of Cadbury is that it keeps on relocating its production plant because of which it is loosing its staff members. Relocation also causing hike in costs like fuel, transportation, packaging etc. labour turnover is affecting organisation badly because it is increasing their hiring and training & development costs. OPPORTUNITY:Emerging market is a great opportunity for the company to rise its market share in China & Russia. Launching new and different product like Dairydrink is also an opportunity for the company to diversify itself and increase its customers. THREAT:Cadbury is working as a confectionery industry and it is completely working on sugar which is a threat for the organisation. Because if any regulatory plan attempt to tax high sugar and high fat foods then it will increase cost of company which in return increases the prices of products because of which their customers may shift to other brands where they get products it lower price. PEST Analysis of Cadbury- It is a tool to analyse how external environment is affecting the company. There are four factors affecting Cadbury are political, economical, social and technological. 13
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POLITICAL:these factors refer to how does the government of any country is affecting the organisations. In case of Cadbury, when UK government changed from labour party to liberal democrat it impacted theirproduction process a lot, around 3000 workers were employed in Cadbury's factory of UK. Instability of taxes is another political factor that affect organisation's investments amd payments to shareholders(Cooper and et. al., 2014). ECONOMICAL:Recession in global economic affected Cadbury's expansion plan by reducing customers disposable income but it does not affected their sale, it remain steady. Other economic factor that affected Cadbury was low value of pound in 2010 because of which Kraft takeover the Cadbury at lower price. SOCIAL:This factor has also affected Cadbury because of the changing consumer's demand, Company has responded to these changing tastes and introduced chocolate bars like Wispa. Other social factor that affected organisation is Growing health concern, company started reducing size of bars and also decreased the level of sugar in their products(Hardin and Kaplow, 2019). TECHNOLOGICAL:This factor has a good impact on Cadbury, because of the technological advancement they are able to address their increasing cost of everything. It even also help the company in making a heat resistant chocolate which is good for hot weathers. They are using social media to keep their connection with customers which is helping them to keep a relationship between company & their customers. More advantage they have taken from technology is by launching an app based gameplay for thei customers such as egg game 2011. STP Analysis- STP is an approach of marketing plan organisation to formulate marketing startegy which include company, brand and product benefits. SEGMENTATION:It is a process in which market is divided into different sets of customers according to their needs & demands. In context of Cadbury, they are planning tolaunchPackedmilkboxesnamedDAIRYDRINKwhichisdemographically segmenting it as a premium product for higher income group because the price of their product is higher as well the quality will be excellent(Hair Jr and et. al., 2015). They are segmenting all the age group of people because milk is a common product required at every age . 14
TARGETING-It is a strategy in which companies break their big market into smaller segmentsso that they can focus on particular group consumers. Targeting is based on some unique characters of customers on which they are segmented. In case of Cadbury, they are targeting to health concerned people through their tetra packed super protected milk boxes. According to company's R&D they find out that people are getting health conscious now days and they their demands are shifting to hygienic and quality products. Soanalysingthiscompanyistargetingsensitivehealthconsciousconsumersby producing milk boxes which is perfect to drink and does not harm human body in any way, they even focused on safe packaging of products by creating a Tri layer packs for milk. POSITIONING:It refers the position of the product in context to the similar products in the market. In case of Dairydrink, company will try to position itself as the best healthy milk provider all over the world. They need to create a positive image of their product in the mind of customers so that when they need milk they only think about Dairydrink (Kahn, 2014). PROMOTIONAL STRATEGY- It is a type of marketing method which help company in communicating persuading targeted audience to buy their products. It is the element of marketing mix which include four Ps i.e. product, price, place and promotion. Promotional strategy Promotional strategy that Cadbury is planning to use for Dairydrink is advertisment through social medias and televisions. Major advantage for Dairydrink is that it a Cadbury product which alredy has a large number of trusted customers, so it will be easy for them to promote their product. Their major focus is on social media because it is a platform where everyone is available and get easily influenced from it. Even people who doesn't have time for reading newspapers or watching television check their mobile phones regularly. Next method that company chooses for promoting their product is television add breaks. This is for those people who are not much active on mobile phones but love to watch news on television etc they can also get to know about it from their. Word of mouth is another strongest way of promoting Dairydrinkin which company can ask their retailers to suggest this product to their walkin customers. 15
Marketing Budget- Total amount allocated to the budget is 2,00, 000 ParticularsAmount Advertising on TV(10%)20000 In social Media Platforms (25%)50000 On newspapers (10%)20000 Sales Promotion- (30%)60000 It is budget of organization in which company is planning to put 20000 on advertising on TV, 50000 through social media platform, 10% on newspapers and 30% for sales promotion. 16
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CONCLUSION From the above report, it has been concluded that marketing is wide concept with its increased terminology for organisation benefits and achieving defined targets and objectives. Also, interrelationship between different departments has been empowered for co-ordination to accomplish defined targets and goals for business benefits. Marketing plan has been resulted into defining organisation vision and mission for ascertaining business goals and targets for longer period of time. Strategic objectives can be set by analysing current performance of business operation and knowing market share. Marketing mix has led an initiative for understanding what constituent generally effects the business and its profitability for longer duration. Organisation function has empowered huge level of interrelationship with increased to get their contribution to accomplish the designated goals and pre-defined targets in given time duration of time. 17
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(Larson and Draper, 2015) (Malhotra, 2015) (Morgan, 2016) (Mueller and et. al., 2015) (Ottman, 2017) (Pike, 2015) (Purvis, 2015) (Rowley, 2016) (Scarborough, 2016) (Stern and Porr, 2017) (Tyson, 2014) (Zimmerman and Blythe, 2017) (Wilson, 2014) 2