Marketing Essentials: Role and Responsibilities of Marketing Functions
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This document discusses the role and responsibilities of marketing functions in enhancing business performance. It also explores the marketing mix and marketing planning process for attaining business objectives.
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MARKETING ESSENTIALS
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Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1) ROLE AND RESPONSIBILITIES OF MARKETING FUNCTIONS...........................1 P2) MARKETING RELATES TO ORGANISATIONAL AND RESPONSIBILITIES.....3 TASK 2............................................................................................................................................4 P3) Companies applying marketing mix for marketing planning process for attaining the business objectives.................................................................................................................4 TASK 3............................................................................................................................................6 P4) Marketing Plan for an organisation..................................................................................6 CONCLUSION...............................................................................................................................8 REFERENCES..............................................................................................................................10
INTRODUCTION Marketing is a set of action which involves the skill of management and exchanges of different product and services in aspect to need the customer's. It is major element of business and commerce. Generally marketing help in promotional activities which promotion of product and services such as advertisement, selling and delivering of goods and service to those customer who have need and potential to buy (Antczak and Sypniewska, 2017). An set of action usually used by many of organisation in the context of enhancing the business activities and profit margin of company and this lead to create the marketing impact and called marketing process. This techniques is required by many of organisation which help to improve the sale margin and create the opportunities for the maximum sale. The marketing help to create the brand value and awareness between people. Also help to create and attraction to purchase the product and services. The main objective of marketing is to enhance the firm performance and the market share. To sale the maximum number of product and services to customer help to raise the market share (Bhosale and Phadtare 2019). To know more about the concept of marketing ASOS PLC started to sale the cosmetic product according to customer, organisation have must fulfil the need and demand of customer in every aspect. Recently, the organisation introduce new anti-ageing cream. In this context, there are different concept are arises and covered in this reports like how marketing manager play important role in organisation and their responsibilities. Major of the companies apply marketing mix to achieve their organisational goals. Moreover, it will be about marketing plan which help the organisation to enhance the firm performance. TASK 1 P1) ROLE AND RESPONSIBILITIES OF MARKETING FUNCTIONS The owners of organisation have their role to raise up the profit in order to make money and enhance the sell by their product and services in the various marketplace. The role which fulfil the expectations and want of the customer and all these are undertaken as per the aspect of consumers. Marketing is the major function's which is generally followed by many organisation which help the enterprise to enhance the performance and productivity. It is very difficult task for organisation to attract the consumer for product and service. The selling of product is more difficult without the marketing strategies and plan (Bridges and Hofacke2016). And this plan and 1
strategies provide the way in aspect with organisation to promote the product. This function and role is prepared and executed by the manager of that organisation that help to influences people and make to improve their buying towards the product. In ASOS PLC the manager of marketing is dealing with the various role and responsibilities that are discussed : Analysis and collecting information: To gather the relevant information and analysis them is important for the various marketing techniques. The various function is drive by organisation to know about what are customer expectations and their need (Hassan and et. al., 2018). The marketing manager of organisation collect the data of market which help to observe the market while formulating new idea and to introduce new product in market. The analyst of marketer of ASOS PLC play very vital role in the market. The information data help to know about the customer's and what type of product is order to perform in business activities. This function is provide the brief knowledge about selected organisation to find out which product can give their best opportunities in marketplace with their product and productivity. Market planning: The strategies and plans are stated by organisation manager for the purpose of setting the goals and achieve the goals. Without nay proper strategies and planning no organisation have enough ability to achieve the business organisation. The selected organisation ASOS PLC have play marketing manager are playing very important rolewhich help in to make new strategies and applied in market to gain profit. In the context with ASOS PLC make a new plan to increasing the production and enhance sales performance of cosmetic product from men and women (Kautish, P. and Rai, S.K., 2019). In this condition marketplace have identifying new marketer which play their role seriously as to make plan and perform responsibilities by making plans that help to attract people and emphasis them with product and services. Product designs and development: in current scenario the people are more attract with new designs and development of product which helps for taking to such product. The designs of the product should be very attractive which help to gain the market by the morphology of attractiveness of product. The shape and flavour of the product changes many of time to gain more market and continuous changing create a new concept of influences to people towards for product. 2
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Standardisation and branding: people are highly engaged with quality and standard and brand of the product which help to change the various mode of the quality. The standard term is defined as the size, quality, weight, colour and help to designs raw material which is use start the product. Where the branding defines the image of particular organisation which help to enhance the sale is market. In ASOS PLC, the marketer play very crucial roleand responsibilities to maintain the quality and standardisation of product and service which help to increase the sale of organisation (Klepek and Matušínská 2016). Instead, the manager role is to analyse the situation and the information help to create the better quality ofcosmetic product which maintain the status of brand and goods in marketplace. It also help to provide satisfaction to customer about the product and services. Product pricing: pricing is an important factor which is help in organisation to fix the amount of product in market. Which help the customer to get a decision making chance of buying decisions. Price of nay product and services which is affected by cost, competing product, government policy, tax rates and other profit rate. In ASOS PLC the role and responsibilities are termed as the setting of price of cosmetic product and service by including the total expenses of organisation and maintain profitability. The function are arises like gathering and observation, product, planning, standardisation and branding, product pricing, etc. and these are helpful in marketing of ASOS PLC to enhance the sale of product. In which the product and production is enhanced the service. P2) MARKETING RELATES TO ORGANISATIONAL AND RESPONSIBILITIES An set of activities which help in operation like promotion and sale of product and services is consider as the tactic of marketing. This is major components followed by marketer which help to promote their product in aspect to enhance the sale of the business. Moreover, the business process that is used in order to maximise the overall production and productivity of organisation, then they must go with promotional tactics and create a business plan to increase the margins table. The marketing manger play various role in organisation of ASOS PLC that help to make good decision with aspect of market (Lues and De Klerk 2016). The role of marketer are: Relation between marketing and research department: research and marketing both are the organisation concern group in which research deal with new innovation which fulfilling the need 3
of customer by their product and services after analysing the research, the marketing make their strategiestolaunchingofproductwhichhelptoinfluencethecustomerbygivinghim advertisementand new strategiesand other marketingpromotionaltactics,the marketing manager play the vital role in responsibilities by researching the market and obseevrd the expectations of developed product and increase the demand of product according to customer demand and needs. Relation between marketing and HRM team: HRM refers to the human resource management which help to manage the all activities by making policies and legislations. It is crucial for an organisation to help and follow the guidelines which is provide the HRM team in the concern of performance (Natakusumah and et. al., 2017). This role and responsibilities is managing by marketing manager and HRM manager who are related with the organisation and helps to improve the business performance. This department communicate with the HRM departments for selecting marketing candidates which have know about the market and tendency to attract the customers. This role is managed by marketing manager and HRM team who help to improve the business performance. Relation between marketing and finance: the marketing and finance are the same kind of part of business organisation which is help with the organisation within the context of this. In ASOS PLC marketing manager plays role by setting the goals and finance help in the improving set of action which is provided by finance. There are many role which is performed by the marketing and finance which help to manage the marketing plan and help in funds form the finance within the organisation and help to evaluate the term of money and analyse about the organisation worth with this. TASK 2 P3) Companies applying marketing mix for marketing planning process for attaining the business objectives Marketingmixreferstothecollectionofdifferenttacticsand actionswhichthe companies used to promote their brand and product in the marketplace. The main objective of the business organisation is to increase the sales for getting the higher profit from the market. Marketing mix is used to understand the strategy of other business unit for to make the change accordingly. It is all about putting the right product on the right place on right time for 4
influencing the customer for the maximum sales. In context to the ASOS PLC's marketing mix id the main concentration of the marketer for giving their concentration for effective business activity (Niros and et. al., 2017). The marketing mix of the ASOS PLC and Urban Decay have mentioned below: BasicASOS PLCUrban Decay ProductThiscompanyisselling differenttypesofproduct which are related to the men and women both. Company is focusingonthewomen product of cosmetic like eye liner, lip gloss, lipstick, body lotion,perfume,shampoos, haircareproductsand conditioners etc. This is one of the best company inUKwhichdealswiththe cosmeticproducts.Itis maintaining the portfolio brand whichwhere it introducesits nowproductsandservices whichisaccordingtothe customerdemand.Italso involves the men and women cosmetics products. PriceThis company is adopting the price skimming strategy due to having the big brand and is charging higher price because of not having any side effect of their product. Here, this company is focusing onthepricepenetration strategy.Itoffersthebest qualityproducttotheir customerandhavingthe recognizablewhichgivesthe satisfaction to their customer. 5
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PromotionItisthewayofcreating awareness of your product in the market. The ASOS PLC is also using the celebrities for the promotion of their goods andservices.Theyuse celebritiesasarolemodel which help to create the brand awareness and setting up the organisational goals. Urbandecayusingmany celebritiesfaceforthe promotion like Kate moss who is on of the best popular UK actresses with thousands of fans that help to promote products and change the people with the personmindset.Moreover, socialplatformandonline platformareusingbysuch companiestopromotethe goods and services. PlaceTheyhavemaximumstore outletinmarketinwhich peoplejustcheckoutthe particular product. They also go online with their website to provide details information about the product. They also deal with offline and onlineproductinmany countries.Whichhelpthe companytoincreasethe reachability of product to the customers. ProcessASOSPLCprovidethe serviceofdeliverand transportationwhichisin delivery for home and many more. Theyhavemanytechnical process like it support services, physical supports and research anddevelopmentprocess (Ratilla, M., 2016). Physical evidenceIt has more than50 branches and also they have either own website in which they offer productforshoppingwhich act as physical evidence. Itsoffersupermarketand onlinewebsitetoseethe product. Instead, they provide lotsofimageofproductin website for customers. 6
TASK 3 P4) Marketing Plan for an organisation A marketing plan refers to a document which is used by an organisation in order to govern them through the changes that are to be brought in functions of the business. There are various objectives decided beforehand and the marketing plan consists of different strategies that are to be undertaken by a business in order to achieve all these objectives (Suchada and et. al., 2018). Below mentioned is a business plan derived for ASOS Plc. Overview of the organisation It is a British online fashion store which was founded in 2000 in London. It is aiming at young adults by selling over 850 brands along with various own brand clothing and accessories. They are shipping their products to more than 196 countries from the Centre is present in United Kingdom, United States and Europe. The following business plan consist of various objectives that the organisation is focusing upon in order to achieve in upcoming six months. Vision statement: Vision of the organisation is to provide the consumers with best fashion products. Mission statement:Mission of the organisation is to set themselves as the best online selling website and fashion retailer throughout the world. Objectives: To enhance the sales of organisation by 15% in next six months.To expand the business into developing economies in next six months. STP approach: Segmentation:The segmentation for organisation is done on the basis of psycho graphic, geographic and behavioural segmentation. In psycho graphic the product are divided in between consumer based upon their buying patterns. The geographic segmentation focuses upon national, international and local boundaries. On the other hand the behavioural segmentation is focusing upon nature of consumers along with their customs and beliefs. Targeting:The major target for the organisation is young adults. These are ranging from the age of 15 years to 23 years. They are focusing upon both men and women providing them with latest fashion clothes and accessories. 7
Positioning:In order to successfully position themselvesin market the organisation is using online platforms along with their retail stores. There are a number of different social media platforms through which the organisation is reaching out their customers worldwide. Budget:Budget is an essential plan when an organisation is establishing and developing new products and services in market. Below mentioned is anexpenditure budget which will be required by ASOS in order to fulfil all the objectives of their marketing plan. Monitoring: The last step in preparing a marketing plan is to review the performance of the overall plan and implemented successfully on the business organisation. It is majorly concerned with comparison between the results and the actual performance along with the plan. It is necessary that the plan is successfully executed according to the strategies described (Wawira, P.L., 2016). It is necessary that the top level management of ASOS plc. is providing the responsibility to their managers and employees to make sure that the plan is completed within 8
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the given time period. They are also required to assist them in order to make various changes in plans so that the plant can be more effective and successful for the organisation. CONCLUSION As per the above discussion, marketing is an activity operation which is help in the promotion of product and service. Every organisation have their various strategies and plan which help in market to grow. In the above context, ASOS PLC is as example and various tactic and tools were applied to details the topic. 9
REFERENCES Books and Journals Antczak, A. and Sypniewska, B.A., 2017. Personal Selling in the Service Sector as One Marketing Promotional Tool. In Cross-Cultural Personal Selling (pp. 35-56). Palgrave Macmillan, Cham. Bhosale, J. and Phadtare, R.G., 2019. Is social network marketing a disruption to traditional marketing?. Asian Journal of Multidimensional Research (AJMR), 8(3), pp.476-485. Bridges,E.andHofacker,C.F.,2016.Servicemarketingandadoptionofpromotional technology: A qualitative study. Service Science, 8(4), pp.368-385. Hassan and et. al., 2018. SMEs' intention towards the adoption of mobile marketing: a case of Pakistan. International Journal of Business Forecasting and Marketing Intelligence, 4(4), pp.400-425. Kautish, P. and Rai, S.K., 2019. Fashion portals and Indian consumers: an exploratory study on online apparel retail marketing. International Journal of Electronic Marketing and Retailing, 10(3), pp.309-331. Klepek, M. and Matušínská, K., 2016. Marketing communication effects on the specific segment of Czech singles. Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 36/2016. Lues, H.T. and De Klerk, N., 2016. Gender differences amongst African Generation Y students' perceptions of fashion marketing activities. Natakusumah and et. al., 2017. The Impact of Marketing Communication in Attracting Customer (Case Study at Fairmont Hotel Jakarta). TRJ (Tourism Research Journal), 1(1), pp.68- 80. Nirosandet.al.,2017.Effectivemarketingofmobiletelecomservicesthroughbrand personality: Empirical evidence from Greece. Ratilla,M.,2016.Quantitativemarketingresearch(Doctoraldissertation,Masarykova univerzita, Ekonomicko-správní fakulta). Suchada and et. al., 2018. Hotels and Resorts Rent Intention via Online Affiliate Marketing. KnE Social Sciences, pp.132-142. Wawira, P.L., 2016. Marketing strategies and performance of large hotels in Nairobi County (Doctoral dissertation, University of Nairobi). 10