Roles and Responsibilities of Marketing in the Context of Marketing Environment
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This presentation analyzes the roles and responsibilities of marketing in the context of marketing environment. It discusses the nature of marketing, how the external environment influences marketing activity, the different roles of marketing in B2C and B2B contexts, and more.
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MARKETING ESSENTIALS
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Table Of Content Introduction Roles and responsibilities of the marketing function How marketing roles and responsibilities relate to wider organizational context Analyze the roles and responsibilities of marketing in the context of marketing environment Conclusion References
Introduction Marketing is defined as the function of an organization which handles all activities related to the promotion of a product or service. This department is connected with all other departments of the company in order to work for attaining organizational goals and objectives. The main task which is very important in marketing is market research. These are to be conducted in effective manner so that needs and demands of consumers is analyzed effectively. The followingreportisbaseduponanAmericanfastfoodcompanynamingMcDonald's corporation.
TASK 1
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Nature of marketing The nature of marketing consists of different factors that can defined marketing. The term “marketing” is defined as human activity under which the needs of customers are satisfied by the human efforts. Business exists because they have to satisfy the needs and demands of customers and this helps in producing services as well as products. In context of technological arena, marketing is defined as an art of choosing the correct market and increasing the satisfaction level of customers. In context of Mc Donald's, it is concluded that this company is focusing on grabbing attention of potential customers and doing effective marketing in order to attract customers.
How the external environment influences (PESTLE)and impacts upon marketing activity in the context of Mc Donalds The PESTEL of McDonalds is mentioned below and it's effect on the marketing activity is mentioned below - Political factors:These factors includes all polices .,rules and regulations implemented by government any country. The factors are used to determined the level at which political factors influences industries profitability level. In context of McDonald, all the regulations given by government are followed by the company while doing business in different countries. Technological factors: these are the factors which helps in taken outsourcing decision of the company. New technologies are used in marketing the products offered by McDonald's.
Cont... Social factors:These factors includes demographical factors. Company use to monitor socialfactorstoidentifycustomerspreferencestheirdemands,theirperception regarding organisation. Atmosphere of the target market segment of the company. McDonalds is having effective marketingstrategies to attract their consumers because their customers belongs from different age factors. This company ensures that the needs and demands of customers are analysed before introducing any new food dish. Environmental factors:These factors includes climate and natural resources of the country.Organisationsmustbeusethosematerialswhicharenotharmfulto environment. The marketing strategy is made in a way that environment is not harmed.
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Cont... Economical factors:These are those factors which impact on performance level of any organisation. Economic factors include industry life cycle,inflation rate,interest rate,economic growth rate. exchange rate etc. Economical condition in UK adversely effect on profitability rate of McDonalds, due to rescission in 2008,and at present inflation rate is also increase from1.5 to 3%the interest rate is high thus company is unable to expend their market and their profitability rate is also goes slow down. Legal factors:These factors include laws,and ethical rules and regulation regarding country. McDonalds work according to the laws of the country and pays taxes and contributes in corporate social responsibility programs.
Overview of marketing processes that include analysis, strategic planning Feedbacks are taken from customers who visit McDonalds. This provides an idea for the company to make changes in marketing strategies. The feedbacks are evaluated and analysed effectively for making new strategies and plans about marketing that lead to company's success.
Strategic planning Strategic planning of McDonalds includes the reason for the success of this company. The reason for existence of McDonalds is it's customers. The customers are included in strategic planning of the company. The main motive of this company is to provide customers good quality food.
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The different roles of marketing within both a B2C and B2B in the context of Mcdonalds Marketing is one of the most important function within the company. This is useful for identification of product or service's success within marketplace. It is an essential function of the company that deals with managing the promotions and advertising of any product within market.The role of marketing function also includes making the products and services of the company competitive within market.
Roles of marketing Defining and managing the brand –McDonaldsis a reputed brand of US and it offers it's products and services in international markets too. The major role of marketing function in McDonalds is defining and managing the brand. This company focuses on how to promote it's products and services within marketplace. Conducting campaign management for marketing initiatives –The marketing function of McDonalds is important as it helps in organizing variousmarketing campaigns and programs for attracting lot of customers towards products offered by the company. McDonalds is an organizational that believes that marketing is the best way to reach potential customers.
Cont.... Serving as media Liaison-The spokesperson of each and every company are marketing managers. These are individuals who provide guidance to the other departments that how sales of the company can be increased by providing accurate information about needs and demands of customers. Every query of customer is solved by marketing department of McDonalds in order to maintain good relations with customers. Overseeing outside vendors and agencies –The marketing managers of McDonalds have to manage and select agencies as well as vendors who have to produce the marketing materials used in manufacturing of products.
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Cont... Conducting customer and market research- An important function of marketing is to conduct strong and effective research for analysing new trendsandfactorsthataffectcustomer perspective.ItisconcludedthatMcDonalds marketingmanagershavetoanalysetarget customers and then finally launch product in market.
Responsibilities of Marketing Within McDonalds , there are different responsibilities that marketing managers have to do in order to attain organizational goals and objectives. These are mentioned below - Making an effective marketing strategy -The marketing department has responsibility for developing strong and effective strategies in order to make quality products. Customers will buy products of the company when different trends and factors which they need in their products is achieved. This is very important in order to make workers to create that product which will meet desired needs of customers.
Cont... Fixing price of product –In context of McDonalds, another responsibility of marketing function is to fix price of products and services according to the features that product possess. This organization dealswith supermarket chain, clothing and home ware appliances.Supermarket chain of the company ensures that it is selling products at comparatively lower rate than other competitors.The managers of Marks and Spencer offers pricing to their clothingand apparels at higher rate as this company uses high quality material in making clothes.
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How marketing roles and responsibilities relate to wider organizational context The marketing function plays an important role in order to attain organizational goals and objectives. In a company if the marketing function is working effectively, then there are no issues for a company to increase its market share. Marketing helps in promoting products of the company through advertisement, sales promotions, publicity, public relation, events and sponsorship in an effective manner. The main objective of McDonaldsis to provide a qualitative product at affordable price to customer which will help in enhancing the sales and profit of the company.Different departments of company are interlinked with marketing department for attaining the organizational goals. This interrelation is mentioned below -
Cont... Marketing and Production Department:Marketing department of McDonaldshas to collect and gather data about the needs of customers. This analysis of needs is provided to production department. They have to make clothes according to the needs and demands of customers.This interlink between these two departments is important for managing production of products and selling of quality products. Marketing and Finance Department:In context of McDonalds , there are two main departments whose linkage is very important for increased sales of the company. Finance department of company takes care of all money related issues.
Analyse the roles and responsibilities of marketing in the context of marketing environment A marketing environment is defined as the combination of external as well as internal factors and forces that affects the ability of an organisation to establish good and healthy relationship with customers. McDonalds is having different macro and micro factors that affects business. According to the marketing environment, managers change their strategy ofpromoting their product. In some countries, there is need of effective communication with potential customers. On the other hand, in some countries there is need for using digital marketing and social media marketing tools for promoting products.
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CONCLUSION From the above discussion, it is concluded that marketing plays an essential role in an organisation. Different departments of the company are linked with marketing department for managing work effectively and increasing profits and sales of the company. Marketing mix of an organisation providesinformationaboutdifferentelementsofmarketing.Themarketingplanofany organisation consists of a SMART objective which has to be achieved by the company in specified time frame.
References Kotler, P, and et. al., 2017. Marketing for hospitality and tourism. Kotler, P., and et. al., 2018.Marketing management: an Asian perspective. Pearson. Wilson, A., and et. al., 2016.Services marketing: Integrating customer focus across the firm. Peattie, K., 2016. Green marketing. InThe marketing book(pp. 595-619). Routledge.
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