INTRODUCTION In a firm marketing is necessary becausethroughitmanagement canconduct various activities ineffectual modewhich help inachievement of target and goal. Byimpressive marketingorganizationalso able to achieve its goalandtarget. Along with this by adopting an organization gainnumber of advantages for example help in gaining advantage at competitive market,development of strong brand image, attract customer andso on(Baker,2016).Firm choose for respective reportis Beauty Giantthatis one of the leading cosmetics companies of United Kingdom. They are offering wide range of men as well as female toiletries form global abdicates brands. The respective company operating its business through approx 50 branches all over the United Kingdom.Points included in respectiveassignment arefunctionof marketingas well asits interrelation with other departments. Moreover it will alsoconsidermarketing mix of selectedorganization as well asits comparison with competitors as well as this will explain about marketing plan in order togrow enterprise operations and functions. TASK 1 P1 Marketing refers to procedure which helps an organization indoing its activities and operations in impressive way for attaining goal.Moreover by adopting and implementing proper marketing a firm may able to promote itsbusiness in proper way whichaidto highprofit and share at potential marketplace.According to theperspectiveof Philip Kotler, marketing is an art and science of creating, delivering, identifying requirementas well asneed of potential customers forsatisfying and fulfilling them effectively. Marketing plays an effectual role as well as responsibilities for a company for achieving target which they want to attain. Along with this marketing also help in attracting customers,increaseprofitratioas well asmarket shares, create brand awareness and many more. Some of major role as well as responsibility that are played Beauty Giant for attain its target are mentioned below:- Design and development of Product:According to this it is consider as one of the necessary role and responsibility is conducted by a firm for attaining goal. Through this firm can create or innovateproductsandservicesaccordantto need anddemandof service users of a company(Barrales, Martínezand Gázquez, 2014). Inrespectof Beauty Giant, their management do analysis of market which helps in understanding about
customer’s requirement and need. Then after this customer will develop productsthat satisfyrequirementas well asneed ofpotential usersin appropriateway. Through this customersgetattractedtowardcompanybecausetheygetproductsaccordingto requirement.Along with this, it will also help a firm's management in attracting huge number of customers so that they can get encouraged to buy or use particular products as well as service. Through this management also able to enhance their profitability by attaining goal as well as target properly. Customer’s service:According to this roleas well as obligationof a marketing department they effectively interact with customers in order to take suggestion and resolving issues in effective way(Beckand Reichert, 2012).If a firm adopt proper customers care services they able to understand requirement of customers properly as well as it will also management in connecting with customers by attracting them impressively.In context of Beauty Giant, their marketing department conduct this role andresponsibility forunderstanding aswellascommunicatingwithcustomers in effectual stylethatconvince them to get connected to respective firm for long time duration. By this respective company management also able to take true feedback as well as proper suggestion of products which help in developing products and maintaining customers relation in appropriate way. Conduct promotional activity:In refers to role as well as responsibility of marketing department which helps an organization in conducting their promotional activities. By this company also able to encourage huge number of target potential services users to purchase their products so that they able to enhance their profitability ratio and market shares(Bigat, 2012). In context of Beauty Giant they adopt marketing activities in order to promote as well as advertise their products at world wide level which lead to enhancement in profit share and numbers of customers. P2 Marketing department of a company conduct various activities which leads to attainment of goal and target. Along with this, department of marketing is also connected or interlined with other departments of workplace, some major of them are mentioned below in respect of Beauty Giant:- Marketing and its relations with other departments:-
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Finance Department:For eachas well asevery organization finance is necessary because through this company able to conduct its operations and functions in effective manner. The respective department also helps other department in conducting their work by providing them appropriate financial support which is required to conduct particular project. In respect of Beauty Giant company their marketing department conduct market analysis and then contact with financial department in order to get funds and developing budget which is required to complete activities in effective ways. Due to this major focus of department of marketing is to enhance finance through various ways or terms such as cash flow statements, covering costs and paying back investors and many more. Human Resource Department:It is one of the essential departments of a firm which conduct various activities so that employees as well as company attain their goal and target in effective way(Biggemann, 2012). Through this department company also able to hire appropriate candidate for the vacant position which help an organization in attaining goal and objective. In respect of relationship among departments of Beauty Giant, both the respective department conduct important role and responsibility in various ways. Such as when respective company Human resource want to hire candidates for vacant position then marketing department advertise about vacant position. This will help them in attracting more and more candidates for a particular position. Along with this by advertising company’s HR also get huge pool of candidates. Production Department:According to this function, they conduct market analysis and then develop products and services which attract customers at huge ratio. For this they also take feedbacks as well as suggestions which help in developing products. In context of respective company, production department conduct market analysis and then develop as well as after this marketing department advertise and promote the products(Chang, Yu andLu,2015).Throughwhichpotentialcustomersgetattractedandencourage purchasing particular products.Along with this, by maintaining proper as well as impressive relationship among the departments respective company management able to achieve their target impressively. This will also help them in improving ratio of profit earning and market share.
Through evaluating of above points it can be analysis that marketing department and its interrelation with other departments is essential for a company in order to attain its goal as well as objective effectively and appropriately. TASK 2 P3 Marketing mix describe as a process which is adopted by a company in order to identify factors which help them in expanding business operations and functions.By adopting this method a company management able to attain their goal and target by developing effective effective decision or developing plan of action.Along with this by adopting respective method company able to develop or expand its business as well as they also able to analysis its competitive advancement(Constantinides, 2014). Marketing mix consist of 4 P's i.e. products, price, place and promotion but further it will expand through more P's which are physical evidences, peoples and process. In respect of Beauty Giant they adopt marketing mix in order to identify effectiveness of their new products. For this they compare its operation and activities with its competitor that is mentioned below:- BasisBeauty GiantButter London ProductsBeauty Giant offer variety of menaswellaswomen toiletriesofvariousbrands from worldwide. For example comb,brush,shaver,razor, cream,perfume,toothbrush, deodorant, Cotton Buds, Soap, Shampoo and many more(Du, 2015). Butter London serve variety of productsrangebutitscore products is Nail Polish. They offervariousrangeofnail polish in almost each as well aseverycolour.Alongwith this they also offer variety of products ranges in hair care, make up, skin care, body care, fragrance and many more for both men as well as women. PricePriceofproductsofferby BeautyGiantisloweras compare to their competitors. Whereaspricingstrategy adopted by Butter London is penetration pricing. In which
Theysetpriceofproducts which are affordable by their potentialcustomersin effective manner. In respect of respectivecompany,they adopteconomypricingand psychological pricing as their pricing strategy. respectivecompanysetlow priceoftheproductsatthe introducingstagebutafter sometime when customers get attracted towards offering they increasing product’s price. PlaceThe respective company place theirofferingorproducts through50storesatUnited Kingdom. Along with this they also able to attract customers athugeratioaswellas encouragethemtopurchase their products. Whereasincontextto respective company they offer their products through online medium due to which they not abletoattractmoreand encouragehugeratioof customers(Erevelles, Fukawa and Swayne, 2016). PromotionPromotional activities adopted byrespectivecompanyin order to attract customers as well as aware customers about thenewproducts.Theyuse digital media, print media and social media for advertising. InrespectofButterLondon promotionalactivities conductedbyrespective companyissocialmediaas wellasdigitalmedia advertising. Physical EvidencesPhysical evidence is defined as alogo,deliveryboxor material packaging, producing packagingadoptedbyan organization(Fan,Lauand Zhao,2015).Physical evidencesadoptedrespective Inrespectofrespective companyphysicalevidences adoptedbythemarevery appropriate which help them in deliveringofferingsor productstotheirpotential customersinappropriate
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company are attractive which encouragecustomerstobuy theirproducts.Physical evidenceofrespective companyistheirpackaging style and design of container and many more. manner. The physical evidence of respective company is their packaging material. ProcessProcess which is adopted by respective company in order to manufacture products are eco friendly which produce less or minimum wastage. Along with this they also adopt effective delivering process which them infulfillingcustomer’s requirementineffective manner. InrespectofButterLondon theymanufacturetheir cosmeticproductsthrough naturalrawmaterialwhich help them in making natural productswhichisskin friendly. For supply products theyadopttwotothree deliveryprocesses(Finch, Nadeauand O’Reilly, 2013). PeoplesThe respective company treat theiremployeesvery effectively.Theydevelop strategies as well as plans by discussingwiththeirstaffs. Along with this they also adopt variouspolicieswhichhelp them in developing as well as maintaining effective working environmentfortheir employees. ButterLondondevelopsas well as adopts number of rules andregulationswhichhelp them in maintaining working environment.Theyalsotake suggestionaswellas feedbackstotheirstaffsin ordertodevelopeffective relationshipamongemployer and employees.
TASK 3 P4 Marketing plan is a document that helps a company in developing outline of marketing strategies for up coming year, month or quarter(French and Russell, 2015). It includes all necessary information which is required by a firm in order to launch product or expand business at potential marketplace.Through itan organisation in attainingtarget and objectivethathelp in enhancing profitability ratio and market shares. Along with this by developing effective market plan company able to decide proper marketing strategy for promoting as well as advertising new products. Incontextof Beauty Giant they adopt marketing plan in order to launch new product range with the name of Forever Young which is an anti ageing cream. Marketing plan developed by respective company is mentioned below:- Step 1: Situation Situation analysis is first step which is adopted by a company when they are developing marketing plan(Henriksen, 2012). In context of Beauty Giant they analysis situation which will help in developing strategies and plans for launching new products. For which they decide to evaluate its internal environment so that they develop decision accordingly and effectively. So this organizationadoptSWOT analysis, which is mentioned below:- StrengthWeakness This organisationoffer classic as well aswiderangeofmenandwomen toiletries. It is one of the famous company at United Kingdom and it run its 50 store their. They offer high quality products which is skin friendly and natural. They have very attractive and effective market position. They invest very less in advertising. Therearemanynationalaswellas international cosmetics company which offer their products at low price. Therearevariouslocalcompanies whichproduce fake products and sell it with respective company name. Due to which company lose its image andname(JärvinenandTaiminen, 2016). OpportunitiesThreat TheycanexpanditsproductsrangeAtmarketplaceofrespectivesector
with natural products. Theycanexpandtheirratioof advertising and promotions which will help them in attracting customers at huge ratio. The respective company can expand its business at international market outside of United Kingdom. there are number of other organization that provide similar kind of products for exampleMaybelline,Mac,L'Oréal, butter London and many more. Step 2: Objectives Beauty Giant want to expand its products range so that they earn more profits and retain at potential marketplace for a long time duration. For this they develop SMART objective i.e. Beauty Giant want to launch new anti ageing product with name of Forever Young and through this they are perceiving to expand its market shares by 25 % in up coming 2 years. Step 3: Strategy It is consider as third stage at which company will develop strategies in order to identify its potential customers or market. For this Beauty Giant conduct evaluation through STP analysis, which is mentioned below:-Segmentation:Incontextofrespectivecompanytheysegmenttheirpotential marketplaceinonthebasisofage,benefitsandparpsychologicalsegmentation (Laczniakand Murphy, 2012). By this they able to attract potential customers which leads to attainment of goal as well as objective in effective manner.Targeting:Targeting refers to selecting potential customers for segmented market. This is based on offering of the company. In respect of Beauty Giant they are targeting to men and women aged above 30. This anti-ageing cream is made up of natural an ingredient which is skin friendly. Positioning:It is most essential portion of marketing department which help them in attracting customers and retain them for a long duration of time. In context of Beauty Giant they adopt various attractive positioning procedures which help them in attracting customers in effective manner. Some of major positioning methods used by respective company are social media, print media and many more. Step 4: Action Plan
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Action plan refers to the framework which is developed and adopted by a firm in order to attain its work in effective manner(Malhotra, Birksand Wills, 2013). This is so because through this company’s employees as well as employer get an idea that how they can attain their target properly and effectively. In respect of Beauty Giant they conduct marketing mix with 4 P’s in order to develop proper action plan, evaluation of which is given below:- Product:Therearevarietiesofmenand women toiletrieswhich areoffered by respective company. Now they are develop plan for launching new anti ageing cream with the name of Forever Young. Price:Price of respective company products is appropriate and according to product which can be affordable by their potential customers easily. In order to launch new product they will offer product at affordable price for middle, upper middle and upper class peoples. Promotion:In order to launch new product and aware potential customers about product respective company adopt various promotional strategies(Malhotra, Birksand Wills, 2013). Such as advertising through social media, digital media, print media and many more. Place:Respective Companyoffers their products through online application and offline store at United Kingdom. Along with this they also planning to supply their products on shopping mall and small stores. Step 5: Forecasts Marketing Budget:-
CONCLUSION By evaluating above discuss point it can be summarisedandanalysiswhichmarketing activities is important foran organisationin attaining its goal and target.It is possible because it will help a company'smanagement tocreatestrategies and plans effectively for growing business.There areseveralactivities, roleas well asobligationthatare adopted by marketing function in order to attain target. Along with this marketing department of a companyis linked with diverse other departments or sectors and that will help them inattaining target.If a firm management decide to emerge its business operations and functions at international as well as international they need to conduct analysis of market for which they can adopt number of method or theories or model such as SWOT analysis.By which they able to analysis its internal environment. Moreover for a company it is also necessary to develop marketing plan for growing business through expanding products range. This is so because through it company able to develop proper strategiesandplans in order to attain goal and target properly.