Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1 Key roles and responsibilities of the marketing function......................................................1 P2 Roles and responsibilities of marketing relate to wider organisational context....................2 TASK 2............................................................................................................................................3 P3 Compare ways in which different organisations apply marketing mix to marketing planning to achieve business objectives......................................................................................3 CONCLUSION...............................................................................................................................7 REFRENCES...................................................................................................................................8
INTRODUCTION Marketingreferstoprocedureofabusinessinwhichfirmgenerallyfocuseson developing relationship and fulfilling customer's requirement and need. There are major five concept of marketing product, production concept, selling concept, marketing concept and societal marketing concept (Pike, 2015). Selected company for respective assignment is Costa Coffee Shop that is established by Bruno Costa and Sergio Costa in year 1971. Its headquarter is situated in Dunstable, England, United Kingdom and it offer their products at worldwide level. Products offer by respective company are coffee, snacks, sandwiches, tea, other drinks and many more. Topics included in this project are role and responsibilities of marketing department and its interrelation with other departments of a firm. Along with this it will include marketing mix of respective company and its competitor. TASK 1 P1 Key roles and responsibilities of the marketing function Marketing:marketingreferstoaprocedurewhichacompanyusesothatthey communicate with their customers in effective manner in order to retain them for long time duration. Through this an organisation also able to promote and advertise their products as well as services in order to attract more customers. In respect of Costa Coffee Shop they conduct proper marketing strategies so that they attain their target by attracting their potential service users. Importance of marketing:Marketing help a firm in conducting their various activities, some major importance which are faced by Costa Coffee Shop are mentioned below:- ď‚·Through effective marketing respective company able to promote and advertise their product and services in effective manner at worldwide level. ď‚·Through this Costa Coffee Shop also able to design, maintain, promote their offerings which attract customers at huge ratio. Marketing function:It refers to role that help an organization in identifying sources in order to succeed products and services at marketplace. Through this company able to promote their business functions in order to attract customers and encourage them to purchase products and services (Simkinand Dibb, 20133). There are major 8 marketing function i.e. selling, buying, financing, risk taking, grading, storing, securing information of market and transportation. 1
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Key marketing functions and their role:-Market analysis –Market analysis refers to the function in which an organisation conduct evaluation of market in order to identify their potential customers as well as market (Lipsman and et.al., 2012). Through this company also able to design their productsandservicesaccordingtocustomers.InCostaCoffeeShoproleand responsibility played by respective function is that they identify potential customers and help in developing products as well as services in effective manner.Pricing Distribution –It refers to function through which a company able to decide price of its products and services according to its quality and quantity. It is necessary for a firm to decide price of products in effective manner so that it can be affordable by customers. Role and responsibility of respective function at Costa Coffee Shop is that they decide price of products and services by comparing it with competitors. Along with this, according to respective company they think that customers are more focuses on quality of product instead of price. After sales service –According to this function it is necessary for a company to provide after sales services because through it they able to attract customers. Along with this, it will also help in resolving customers queries and issues so that they stay connected with company in effective manner. Role and responsibility of respective function at Costa Coffee Shop is that they take feedback and suggestions from their customers so that they conduct changes according in order to attract them in effective manner. P2 Roles and responsibilities of marketing relate to wider organisational context Marketing plays an essential role in an organisation because by it they able to attain their target in effective manner by attracting customers and retaining them for long time duration. In respect of Costa Coffee Shop marketing help them in advertising as well as promoting their products as well as services in effective manner so that it will attract and encourage potential service users to visit their store in order to buy it (Sternand Porr, 2017). This will leads profitability ratio as well as market shares of respective coffee shop. In respective coffee shop there are various departments which are interrelated with each other in order to attain their goal by effective completion of activities. Some major of them are given below:-Production department–According to this department they conduct activities related to production of good and services. This department take care that all products and services 2
are up to the mark or according to standard. In context of Costa Coffee Shop, their production department insure that their employees making products in effective manner according to their standard process of manufacturing. This department of respective coffee shop is interrelated with marketing department. This is so because marketing department conduct analysis and identify need and demand of customers which help production department in developing products accordingly as well as in effective manner. Finance department –In an organization this department support all other departments financially. It conduct analysis and then develop budget accordingly so that each and every department conduct their work in effective manner. In respect of Costa Coffee Shop their financial department conduct analysis and ask from every department about their financial need (Clowand James, 2014). Then accordingly they develop budget and assign capital to diverse departments. The respective department also take care of cask section of respective coffee shop. Marketing department is also interrelated with this department because they provide them fund in order to conduct promotional as well as advertising department in effective manner. TASK 2 P3 Compare ways in which different organisations apply marketing mix to marketing planning to achieve business objectives Marketing mix defined as a procedure which is adopted by a firm for analysis and evaluating its competitive advancement. This will also help them in developing decision accordingly which leads to gaining of huge profitability at potential marketplace. Along with this, through effective marketing mix a company able to find its power as compare to its competitors (Baines,Fill and Page, 2013). In marketing mix there are mainly 4 P's that are products, promotion, price and place. Then further it is expand through 3 more P's i.e. physical evidences, process and peoples. In respect of Costa Coffee Shop they adopt marketing mix in order to analysis its market position as well as they also compare it with its competitor, which is mentioned below:- BasisCosta Coffee ShopCafe Coffee Day ProductThe respective company is one ofthefamousoutletwhich It is one of the leading coffee chain all over the world. Cafe 3
offer its product at worldwide level.Theyoffervarietyof coffeesandsnackssuchas cappuccino,Latte,America- no,Expresso,Mochaand many more. They also offer ice blendedcoffeelikemocha creamfrostino,lemonade, coffee cream etc. (Clow and James, 2013) Coffee Day is premium coffee bar which provide variety of coffee, food and other drinks. They attract their service users throughapparels,cups, accessories,giftcardand manymore.Therespective companyalsointroduce products according to location they are serving. For example inIndiatheyservetikka sandwiches, biryani and so on. PricePricingstrategywhichis adoptedbyrespective companyisbasedintheir competitorsaswellasthey alsodecidelittlebitmore premiumfromthem. Accordingtothempriceis secondary for their customers because service users are more focused on products quality. The pricing strategy developed byrespectivecompanyis based on competitive pricing andvaluebasedpricing method. Along with this price ofdiversequantityproducts are different such as they serve products on three quantity i.e. large,mediumandsmall. They also as for extra amount for extra ingredients such as chocolate, sugar, cream and so on. PlaceCosta Coffee Shop is operating itsbusinessin31countries withapprox3300outlets. Alongwiththis,respective companyoperatingnearby Therespectivecompany operateitsbusinessallover theworldsuchasAustria, Malaysia,Indiaandmany more (De,Marston and Roth, 4
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i.e.deepblackcolourat worldwide level. Similarities:Sameness among Costa Coffee Shop and Cafe Coffee Day is that they are serving same kind of products and service at world wide level i.e. coffee with various taste. Along with this both the companies also provide snacks and others drinks along with coffee. Both the companies are treat their customers in effective manner which attract them as well as retain them for long time duration. CONCLUSION By conducting evaluation of above mentioned points it can be summarise that marketing is essential for each and every department because by it company able to attract customers by offering appropriate products and services. Through this an organisation also able to promote and advertise their brand name in effective manner. There are also various role and responsibilities which are played by respective department a well as it is also interrelate with other departments of a firm in order to conduct work effectively. It is also necessary for respective department to conduct analysis of their market for which they may adopt marketing mix strategy. Along with this they can also compare it with competitor in order to identify which is more effective in a particular marketplace. 7
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