Table of Contents INTRODUCTION...........................................................................................................................1 Part B...............................................................................................................................................1 1. Comparing the ways in which various organisations applies marketing mix to the marketing planning process for achieving objectives...................................................................................1 2. Marketing Plan.........................................................................................................................3 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Marketing refers to the business activity that mainly focuses on promoting goods and services of the organisation. Along with it, marketing process in the companies also concern with creating value and building better relationship with the consumers. The present study of marketing essential is based on Cadbury, a British multinational sweet industry thatis owned by Mondelez International. The study will aims to evaluate marketing mix and marketing plan for the new product. PartB 1. Comparing the ways in which various organisations applies marketing mix to the marketing planning process for achieving objectives Marketing mix can be defined as a combination of various elements that controlled by the industry in order to influence people to purchase products and services (Armstrong and et. al., 2015). Marketing mix of Cadbury involves various approaches that assist the company to meet goals and objectives of the industry. Following is the comparison between Cadbury and Nestle; Marketing mixCadburyNestle ProductTherearevariousproducts providebyCadburytoits consumers such as; chocolates, drinks,candies, biscuits, ice- creams, etc. TheCadburyproductsare based on festive occasions A wide range of products offer by Nestle in which some of the products are chocolates, dairy productsandconfectionery goods.Theyhavemultiple choices for the consumers that assisttheminenhancing revenue and profit. The weak point of the company is that theyfocusesonselling multiple products rather than providing quality product. PriceThe price strategy applied by Cadburyiseconomypricing Nestleadoptscompetitive pricing strategy. In addition to 1
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strategy.Inadditiontothis they also have discount pricing strategy. this they also have skimming pricing strategy. PlaceTheproductsareavailable worldwide. They have robust distributionchannel(Turban and et. al., 2018). The company have extensive chain of distributors. They also providetheirproductson various online websites. PromotionThepromotionalactivityof Cadbury is boom and they able todirectlyconnectwiththe emotionoftheaudience throughadvertisement.They use digital channels for market their product and also conduct various marketing campaigns. Along with it, they add various tag-linewiththe advertisement. They also have brandambassadorsfor promotingthespecific products. Nestle has strong portfolio and companyreliesonBTL promotion. Alongwithit,theyuse vernacular communication for marketing their brand. PeopleThe people in the organisation work with the aim to provide satisfaction to the consumers. They adopts consumer centric approach. People work with the aim to providehighreturntotheir shareholder.The people are well trained and effective. ProcessTheprocessofproviding goods to the end consumer is simple.Theprocessof Cadburyfocusesontheir The company mainly focuses on online marketing presence. 2
marketing activities. Physical EvidenceThepackagingofthe Cadbury'sproductare attractive with their logo. The physical store of the company alsohavethebig'Cadbury logo'. Nestlehaveeffectivesupply chain management. The logo is attractive with a pop of red and white colour. The packaging of the products is attractive. 2. Marketing Plan Executive summary Cadbury is one of the most successful brand in chocolates in the world.The plan includes strategic elements that will adopt by Cadbury for marketing new product that named as Celebration pack that have a unique combination of the existing products. Overview of the company Cadbury is a British multinational company that is located in London.The industry is the 2ndlargest sweet brand in the world. It functionin more than 40 countries acrossthe world. Cadbury also have different luxurious manufacturing products like Bournville(Andrews and Shimp, 2017).There are 3500 employees working in Cadbury in UK.There are different products provided by Cadbury such as Dairy Milk, Cocoa Essence,Bournville, Easter Egg, Dairy Milk Silk, Bubbly, etc. Mission and Vision statement Mission :The mission of Cadbury is to provide high quality products at affordable price range to the potential customers. Vision :To be the one of the most favourite and demanded brand in the marketplace among consumers. Objectives To increase the sales and profit by 15% by the end of 2020. To expand their product line with 20 new added features and taste. To offer the products in every segment in the wide marketplace. Marketing mix strategy 3
Product:Cadbury launch new product celebration pack that contains all the basic chocolates of Cadbury with added feature. Price:The pricing strategy set for the new product is based on competitive pricing strategy. Place:The availability of the product is worldwide on the specious occasions like; Christmas, New Year, etc. Promotion:The new product will promote through television, print advertisement, billboards, digital marketing. Process:The delivery of product is done with the effective supply chain. Under this strategy the product will deliver through online as well as People:People in the company focuses on the consumer services and to satisfy the need of consumers (Chaffey and Ellis-Chadwick, 2019). Physical evidence:The new product have a special presentation in the outlet. The main focus of the company is on the packaging that made of cardboard with the attractive print and logo. STP Segmentation :Cadburyis currently using geographic segmentation strategy in the market for divide their market. For the new product they are planning to implementbehavioural segmentation strategy (Titus, 2018). They determine the behavioural segment such where consumers want some sweet occasional. Targeting :For thenew productCadbury develops plan that stated to target allage people but main target of company is youth and children.This will help the industry in effective selling of the new product and enhance the profitability. The main concern of the company is on enhance the sale and profit and offer premium quality products by garbing large audience in the marketplace. Positioning :The product will position the new product in rural as well in the urban area. For the new product company is planning to position the product in niche market(Singh, 2018). The marketing department of Cadbury uses various promotional activity for marketing the new product such as; billboards advertising, social media, providing offers and discounts, etc. 4
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Marketing program : Marketing goalTacticsTimeline To successfully and effectively launch new celebration pack Marketing campaign will be conducted by company 1 week To enhance the salesThe strategy is to adopt cost leadershipmarketingtactics for the purpose. 4 months To enhance customer baseForthis,companywill promote on social media 5 months. Budget Marketing campaigning$3 5000 Promotionalbrochuresoradvertisement through internet $5000 Use platform of social media$2000 Developing website$22000 Evaluation and Monitor For monitor the success of marketing plan, a survey will be carried out by themarketing executive for collect information regarding clientbehaviour about the new product.To identify the outcome the report of sales will identify. For analysing the effectiveness of marketing, Cadburywillmeasurevariouspromotionaltoolssuchas;websitetrafficking,perclick behaviour, number of people watch the advertisement of the new product(De Mooij, 2018). For evaluating the marketing plan VIRO method will be use by the company. CONCLUSION From the present study it has been evaluated marketing is an essential part of the company that drive the firm towards success. The marketing mix help the company to analyse 5
the strategy employed in marketing of the product. The plan of promoting the company to promote new product in marketplace. 6