Roles & Responsibilities of Marketing Function of a Company
Verified
Added on 2023/01/18
|13
|3050
|41
AI Summary
This report discusses the roles and responsibilities of the marketing function in a company, as well as the interrelationship between marketing and other departments. It also covers the 7Ps of marketing in relation to Cadbury and presents a marketing plan for the company.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing Essentials
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 P1. Roles & Responsibilities of marketing function of a company...........................................3 P2. Interrelationship between roles & responsibilities of marketing with other departments of the organisation..........................................................................................................................3 P3. 7Ps of marketing.................................................................................................................4 P4. Marketing plan for Cadbury..................................................................................................8 CONCLUSION............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION The process of making relationship with customer or the activity of promoting the brand in the market is termed as Marketing. It is one of the major component because it attracts large number of audiences and thus creating sales for the company. Marketing is important as it identify whether product is develop in market or it requires to be creative and more unique. In present report, Cadbury is chosenas the base company. The company was founded by John Cadbury in year 1824. Cadbury is a multinational company and renowned as second largest brand inworldwide.its head office is in London and operates in an around 62 countries. The company deals in product such asDairy milk, Bournville, perk, temptations, Bournvita, Oreo, Milk shots, Tang and many more(Abedi, 2015). In this report, the roles as well as responsibilities ofmarketfunctionisgoingtodiscuss.Withthis,theinterrelationshipamongdifferent departments of the organisation with marketing department is discuss. The 7p's of marketing is going to cover in relation to Cadbury. Later, a marketing plan is develop & evaluate which increases the effectiveness of the company. P1. Roles & Responsibilities of marketing function of a company. Covered in PPT. P2. Interrelationship between roles & responsibilities of marketing with other departments of the organisation. Covered in PPT. P3. 7Ps of marketing The 7Ps of marketing assist organisation to define or review those factors which impacts the marketing of products as well as services(Baker, and Saren, 2016). It is a process to evaluate existing business practices and then improve them through different strategies. The companies use 7Ps framework in order to set objectives or to analyse the weaknesses and strength of organisation so that they can compete in market effectively. The 7Ps are described below in detail in context to Cadbury which are as follows: Marketing MixNestleCadbury
ProductThe item which is offered in themarkettosatisfythe requirement of people is refer asproduct.Itisalways importantthattheproduct company produces should met the demand and expectations of customer then only it can survive in the market. Nestle products are Nescafe, KitKat, Maggie and many more. The product range of Cadbury is large and thus covers a large marketintheseindustry. Cadbury offers product as per the season or as per the country they give services so that build good position in market. The company also enter in biscuits and ice-cream segment so that its customer base increases. Its productsalsoincludesMini Rolls,crèmeegg,caramel Bars, Pretzel and many more. Cadburyhasbigmarket coverageandincreasing rapidly in these industry. PriceIt is the amount that customer pay in order to gain product or service. It plays a vert crucial role in marketing plan as the company's profit and survival istotallydependonthis element.Forinstance,the price of maggie is easily afford byeveryclassofcustomers and thus increases sales of the company. thepriceofitsproductsis depend on the quality it offers. It has both high price and low price product so that they can target all the segments in the market. In addition to this, they alsoofferproductstoits customers as per size so that any type of people can easily affordit.Thecompanyalso target people on occasions and create gift packages, the price of this packages has decided
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
strategicallyandavailable ensures that it is available to all thepeople.Thispricing strategy assist company to gain competitiveedgeat marketplace and raise the level of profit(Baker and Magnini, 2016). PlaceThe product of company gains profit when it is reach to its potentialbuyersandinthe rightmarket.Theproduct shouldalwaysreachtoits target market than only it get successinmarket.The productsofNestleiseasily available in all the areas such as canteens, restaurants etc. Thedistributionchannelof Cadburyisstrongandthus ensuresthatproductsare available in every area whether it is rural or urban area. Its presence is in greater than 190 countriesthathelpthemto earnhighprofitsandgain leading position in the market. Therefore,itshoesthe reachabilityoftheCadbury products in the market. PromotionPromotioncontainsvital importance as it can high the brand image and sales. There aredifferentwaysthrough which companies promote its product&servicesinthe markettocustomers.It secludesadvertising,sales promotion,publicrelations, social media, personal selling Thecompanyusesvarious channels to aware and promote its products in the market in ordertoreachmaximum numberofcustomers.It's advertising is attractive which influencecustomersto purchaseitsproductsand raises sales level. For instance, itsadvertisementofproduct
and so on. The advertisement of Nestle is so attractive a it emphasisecustomerto consume its product.(Brady, 2014). Bournville,itstaglineis attractive“youearnit”. Cadburyusescelebrity endorsementstrategysothat they can build positive image in the mind of customers. In addition to this, its promotional waysissostrongthat automaticallyincreasesits profitabilityandthemarket share. ProcessTheprocesswhichan organisationusesdirectly affect the cost of the company. So it isimportantfor every companies to properly evaluate andtailoredtheservicein ordertominimizethecost. Theprocessconsistof distributionsystem, manufacturingsystem,sales system , pay system and many more.Withreferenceto Nestle,thecompanyuses innovativetechnologyin manufacturingofproductso thattheircostdeclinesand profitability level raises. It uses cost effective processes so that they can reduce the cost which directly affect the price it charge from the customer. The manager of the company uses advance technologies so thattheycanreduceoverall costandincreasesits profitability level. Physical EvidenceThe things that customer see whilecommunicatingor The manager of the company keeps a record about buying
receivingthe service from a company. It includes branding, packaging,layout,physical environment and many more. IncontexttoNescafe,the companymakesitspresence good by Nescafe logo(Cabrera and Williams, 2014). behaviour of customers, about their experiences so that they canguideworkforceabout purchasingbehaviourof customersthathelpthemto easily deal and handle the issue ofcustomers.Italsoassist them to build positive image andengagecustomersfor longer time. PeopleThepeoplethatan organisationtargetorthe peoplewhocarryoutits activities or deliver its services playsanimportantrolein marketing. So it is significant for every company to recruit the right people and target the right market. With reference to Nescafe,thecompany providesalotofjob opportunities and provide them trainingsothattheycan effectivelyperformallthe activities of company. Thecompanyhavetalented workforce who carry tasks in an effective manner. With this, the company target market is childrenandyoungpeople becausetheytheir consumption level is more as comparetoseniorpeopleor elders. This assist company to increasecustomerbaseand thusgainprofitability(Eng, 2017). P4. Marketing plan for Cadbury. The blueprint of carrying out the activities of an organisation in the market is refer as marketing plan. The process which companies use to attain organisational goals within specified time period is also known as marketing plan. In this, the guidelines and roles of employees is
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
mentioned so hat they can perform marketing activities effectively. It is basically implement as well as executing the ideas as well as strategies(Griffin, Noble and Durmusoglu, 2014). Executivesummary:Cadburyisamultinationalcompanythatdealsindifferent products and is the second largest company in the world. With this, the company have more than 60'000 employees and operated in an around 87 countries. The company basically focuses on taste and preferences of children as well as young people. The company wants to enter in ice- cream segment in order to expand its market. For this, marketing plan is developed which are as follows: Mission The mission of Cadbury is to continuously improve its product and provide high quality product to its customers. Vision The vision of Cadbury is “ To work together in order to create and develops brands that people love”. Objectives The aim of Cadbury is to become to gain position asnumber one confectionery brand globally. To perform and increase market share of a company as compare to its rivals(Jones and Tadajewski, 2017). STP strategy: STP refers to segmentation, targeting & positioning. Below is the detailed description of STP process which a company need to develop in order to bring new product in the market and satisfy customer needs & wants: Segmentation- The company need to emphasise in dividing the market in various parts. In addition to this, the place is decided from where the service is taken place so that activities is carried out properly. The customers are divided as per demographics such as age, income and so on. Targeting-After segmenting, the process that took place is targeting. In this, the company decide which market they need to target and from which market they gain profit. In context to Cadbury, the company targets those people who belongs from age 7 to 16.
Positioning-It means to make an image in the mind of customers. After targeting companies focuses on building positive brand image in market. With reference to Cadbury, the company uses effective marketing strategies and advertise its new brands in the market by the help of social media(Lane, 2016). With this, the company use famous personalities in promoting and making strong image in the market of new product. SWOT Analysis It is a framework that assist companies in gaining the knowledge about its strength as well as weaknesses. An organisation can perform better and attain its goals on time when they overcome with their threats and weaknesses. The SWOT analysis of Cadbury is given below: StrengthsWeaknesses The company stands on second position in the world as a confectionery brand. Therefore, it has high market share and profitability. Thebrandimageofcompanyisso strong and thus not required to spent highamountinpromotionofnew product. Therefore, the marketing cost of the company is save which in turn increases its profit share(Luo, Roach and Jiratchot, 2015). The promotional strategy of Cadbury is unique and different so it is easy for companytoattractlargenumberof audience and earn high profits. The company has no existence in the marketofNigeriaandRussia.The competitors have the advantage to enter in this market and builds good position. Sometimes,theefficiencyand productivityofworkforcedeclines because of some technical errors in the process of producing goods. The quality in its product such as perk is low. Sometimes customers shift to another brands in order to gain high quality. It directly affects the sales of company adversely. OpportunitiesThreats The company can expand its operations inothercountriessuchasRussia, Nigeriainordertoincreasemarket shareandgainfirstpositioninthe Increaseinthepriceoffuelor transportationcostdirectlyaffectthe pricingandprofitabilityofthe company.Ifcompanyincreasesthe
market. The presence of Cadbury in Rural areas is low. So company ave the opportunity toboosttheirbrandpresenceby reachingtoruralmarkets effectively(Perreault,2018). price of its products then automatically the sales decline. Thecompanydidnotofferhealth conscious chocolates or organic food in the market which sometimes changes the buying behaviour of a company. MARKETING BUDGET PARTICULARSIst YearIInd YearIIIrd YearIVth YearVth Year Initial amount30006300122001416019970 Investment930010500238303163013550 TOTAL1130016800360304579033520 MARKETING OUTLAY Promotion47461459459318751211 Sales publicity1365800245214921050 Direct selling22351900465110004434 TOTAL814641591189644676405 Monitoring & controlling Inordertoeffectivelyexecutethemarketingplan,itisnecessaryforan organisation to monitor the activities and operations on day to day basis sothat improvements can be done, if needed. The managers of Cadbury ensures that tasks are carried and performed effectively by the employees of the organisation(Pike, 2015). Nowadays, companies uses different software and applications in order to check quality and make control on it. It will help them to satisfy the need of customer and gains customer loyalty. In addition to this, controlling on the activities maintains a standard in product which in turns increases sale of the company.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Cadbury is bringing new product in the market that is Ice-cream. For this, the company promote its new product by online medium. A marketing plan is develop which consist of vision, mission as well as objectives of company. SWOT and STP model is made in order to utilize the proper resources of the company and improves its product(DestinaStierl and Lüth, 2014). This assist them to raise the level of sales and increase market share. CONCLUSION From the above study, it has been analysed that marketing plays a vital role in promoting and communicating the brand in the market. The company can build positive image by different marketing strategies which in turns helps in engaging customer loyalty. With this, the managers has to appropriately follow itsresponsibilities towards company a it helps company to enhance growth in market. 7Ps of marketing helps company to identify weaknesses and how a company can overcome with this. At the end, Marketing plan is created for Cadbury that helps company in bringing its new product in market effectively.
REFERENCES Books & Journals Abedi, G., and et. al., 2015. Surveying the impact of services marketing mix components (7Ps) on patients’ disposition towards the public & private hospitals of Sari City.Journal of Hospital.13(4). pp.63-71. Baker, M. J. and Saren, M. eds., 2016.Marketing theory: a student text. Sage. Baker, M. A. and Magnini, V. P., 2016. The evolution of services marketing, hospitality marketing and building the constituency model for hospitality marketing.International Journal of Contemporary Hospitality Management.28(8). pp.1510-1534. Brady, D. L., 2014.Essentials of international marketing. Routledge. Cabrera, S. A. and Williams, C. L., 2014. Consuming for the social good: marketing, consumer citizenship,andthepossibilitiesofethicalconsumption.CriticalSociology.40(3). pp.349-367. Eng, P., 2017. Erste Schritte im Online-Marketing.Suchmaschinen-Content-Soziale Medien, Wiesbaden. Griffin,A.,Noble,C.H.andDurmusoglu,S.S.,2014.OpenInnovation:Newproduct development essentials from the PDMA. John Wiley & Sons. Jones, D. B. and Tadajewski, M., 2017.Foundations of marketing thought: The influence of the German historical school. Routledge. Kuntonbutr,S.,2019.BookReview:EssentialsofMarketing.RMUTTGlobalBusiness Accounting and Finance Review.2(1). Lane,P.,2016.Humanresourcesmarketingandrecruiting:essentialsofemployer branding.Handbook of Human Resources Management.pp.23-52. Luo, A., Roach, S. and Jiratchot, C., 2015. The effect of the 7Ps of the marketing mix on air freightcustomersatisfactionandrepurchaseintention.JournalofSupplyChain Management Research and Practice.9(2). pp.28-36. Perreault, W. D., 2018.Essentials of marketing. New York: Mc Graw Hill. Pike, S., 2015.Destination marketing: essentials. Routledge. Stierl, M. and Lüth, A., 2014.Corporate Social Responsibility und Marketing: Eine Einführung in das Transformative Marketing in Theorie und Praxis. Springer-Verlag. Wirtz, J. and Lovelock, C., 2016.Services Marketing: People, Technology. World Scientific Publishing Company.
Zook, Z. and Smith, P. R., 2016.Marketing communications: offline and online integration, engagement and analytics. Kogan Page Publishers.