Table of Contents INTRODUCTION...........................................................................................................................3 LO 1.................................................................................................................................................3 P1 Explain the key roles and responsibilities of the marketing function....................................3 P2. Explain how roles and responsibilities of marketing relate to the wider organisational context.........................................................................................................................................6 LO 2.................................................................................................................................................8 P3 Compare the ways in which different organisations apply the marketing mix to the marketing planning process to achieve business objectives.......................................................8 LO 3...............................................................................................................................................12 P4. Produce and evaluate a basic marketing plan for an organisation......................................12 Conclusion.....................................................................................................................................15 REFERENCES................................................................................................................................1 Books and Journals.....................................................................................................................1
INTRODUCTION Thestudyandunderstandingofmanagementofacompanyofthereexchange relationships is known as marketing. Marketing essentials are to satisfy the customers and creating relationships. Getting a product in the market that process is called marketing and this process involved many steps. The steps are market targeting, promotion and pricing strategies, broad market research, etc. Creative arts is used by most of the company's for marketing purpose. In marketing the terms which should be focused on are needs, wants and demands. A product is launched that time these factors play an important role because these factors help in innovation and changing products for the profitability. Google is based in America and is multinational technology organisation which is specialised in internet related products and services. Google officially had no full form of its brand name but now the full form is global organisation of oriented group language of Earth. The product and services that this organisation is providing are search engine, online advertising technology, cloud computing, hardware and software. It is considered in the big four company's of the world. The big four other companies are Apple, Amazon and Facebook. In the world the most visited site is google.com. The most valuable site of 2017 was google but it also got a lot of disapproval universally. Disapproval was due to issues like tax restraint, privacy concerns, censorship, search neutrality and antitrust. The companies visions and mission is now to give the world the organised and useful information which is accessible by everyone. LO 1 P1 Explain the key roles and responsibilities of the marketing function. Role of Marketing- ï‚·Market Planning- This process involves making plans for increasing the product's sales and promotions of the product(Baltes, 2015). This process also puts down a course of action plan which needs to be followed to achieve the goals and objectives of the company. Google being the best in its field has a very organised market plan strategy because they do not worry about the competition but they only aim on getting the company better. Google just wants to reach out to people in the right moment and with the right message to the people.
ï‚·Branding- Every product has a brand name of their own so that they can comprehend on the different products with the competitors and his process helps the company to gain and build there loyalty between the customers and this also helps to promote a brands name. Google kept its brand name so simple because they wanted to create loyal customers and easier to remember and target the audience. Google successfully achieved its goals and objectives very quickly because there was not much of a competition and they gave the most accurate and the more in detail information about a lot of things in total. ï‚·Pricing of Products- The amount of money which is set on the products and is required for the customers to pay is known as product pricing(Todor, 2016). Google is earning by pay per click on its website and is also earning from the other company's who are selling there products or promotions through google. Google does not take any price for spreading the information to the customers but does so indirectly. ï‚·Product Development and Designing- Google has come a long way in that, they kept the colors of the alphabets the same of google logo but changed the fonts to attract the customers. With the change in the customer's mentality and change in wants so the company has to be open to new ideas and keep changing and developing there product regularly. Google is very good with that so they are not having troubles doing so. Google has not many drawbacks and they are consistently improving on there weaknesses. ï‚·Customer Support Services- The key factor of a company is to satisfy the customers with there products. The feedback from the customers is a very important factor to produce good services and products and also innovate them. The customers when they are not satisfied they are asked for a feedback and then the company works upon those factors. Google pays a lot of attention on the feed backs of the customers because they want to improve and give out right information to all the people without making any mistakes. Responsibilities of Marketing- ï‚·Proper Observation of consumer demands- There has to be a close bond between the companyandtheorganisationtounderstandoneanother.Googleobservesthere customers properly because they give out information and google has to make sure that what they are giving out is making sense to the people. Getting feed backs is the most important factor throw which the company's can improve themselves and work more efficiently and make profits. Google is very good with loyalty with the customers because
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there is no other search engine who is giving so much information like google is doing. Google has almost the entire population of the world using there website and they being so popular can not afford to make more mistakes. ï‚·Modernization- Google is changing according to the needs and wants of the people from day to day. Google has recently started changing each day's logo according to the importance of the day, for example, it is 25thof December so they innovated the logo by putting a Santa cap on the logo. The customer's feedback also helps the company to improve there product or the website. ï‚·Strategic Marketing Plan- Google has all type of strategies planned for themselves already. Google just follows the plans which are already existing and changes any goals according to the needs of the customers and the environmental changes be it external or internal changes of the company. The strategic plans which are made for the company are well planned and structured. The plans are made after keeping the negative and positive impact of the plan in there mind. The plans they follow are very good that no one can ever have any problem with that at all. They are taken into count ability after all the company members agree to the plan structure. ï‚·Company's communication- It is very important for the company member to work together. The goal of all the members and company is the same. Therefore, company can not afford to have conflicts between people in there organisation because then they will not be able to work towards achieving the goals and will not be able to work efficiently. The company will not be able to work and there will be misunderstand between people which will lead to confusion in the company(Yadav, Joshi and Rahman, 2015). Google is not facing any of these problems because the company treats all the individuals of the organisation equally and resolve there issues with the work. The company is very flexible and understanding towards the clients and the employees of this company. No one of google has any problem with the working environment and are very satisfied with the job they are doing. P2. Explain how roles and responsibilities of marketing relate to the wider organisational context. Marketing and Human Resource-
Talking about marketing and human resource are two different departments, one dealing with the internal factors and the other dealing with the external factors of the organisation but we forget to focus on this point that they both are working together(Bhowmik and Bag, 2017). To achieve the targets and objectives of the organisation both the departments have to work together. There are points on which both the departments have to work together which are as follows- ï‚·Building the Team- Meetings need to be held by the management team with market and human resource team where objectives and strategies are getting discussed. Human resource is the bridge between the employees and the management team so they can put points from the employees side as to how the objectives should be made so that the employees do feel like achieving them and are realistic. The struggles and confusions need to be solved in a very systematic form during these meetings because even the smallest of things can make a great impact on the employees. Google's human resource team is very efficient and understands there employees well therefore when they attend such meeting they are very clear with the procedures they need to take during this process. Google employees are not facing any problem since the human resource team has made the company so flexible in terms of employees and customer's(Stephen, 2016). ï‚·Create events for the company- company must conduct events so that the employees can meet the management team directly so that there is no communication gap in the company. Human resource conducts such events and the marketing team will help to promote these events internally and externally. This way the human resource and marketing team work together to make this event a success so that the employees can feel comfortable in the organisation and get appreciated by the leaders. Google organises such kind of events whenever needed because they understand the need of such events. Marketing and Finance- It is a great misunderstanding that these two departments can work without each other. The two department if do not work together then there will be a big mistake by the company because to make a profit and have a stable future of the company these departments have to work together. Finance and marketing are the pillar to the company which helps in growth and profit of the company(Tatlow-Golden and et.al., 2017). Finance deals with costs, profits, sales growth,
financial performance, etc and marketing deals with sales volume, sales targets, advertising and publicity, etc. The company will not make profit if the publicity and advertising is not done by the marketing team then there will be no need of the finance team either. For marketing there has to be a strong base from the finance team. It is through the finance team the marketing team sets there sales price, sales target, etc(Saura and et.al., 2017). Market and finance are like two sides of the same coin, they may have different opinion but they have to work together if the organisation has to gain profit. Google's finance and marketing team did have a little issue in the early stage of this company. In the current time they are the company is not facing any such problems because they have worked it out. Google had a lot of issues when they had just started there company, the owners of the company where just PhD students who had not worked out these facts before starting the company. Google did not even have many employees at that time. Google's finance and marketing team make very strong workforce of the organisation. Marketing and Production- The marketing and production team or department work together to satisfy the customers and meet there expectation. To boost up the level of production the company's need to make the production team and marketing team work together(Ryan, 2016). The communication between the two must be strong which will result in profit and achieving the organisations objectives and goals. Conflicts between the two departments can lead to lack of focus of all the other departments and the company will face loss in the end. The internal and external facts play a great role in the over all development of the company. Production team focuses on producing good quality and quantity products, new products and the marketing team helps them to improve there products according to the needs of the customers. Google makes the production team and marketing team work together because it is very important for the team to understand what the customers are asking for and what they should be providing to them. The company is getting in different types of products because of the customers change there needs with the change of time. Google finds the right people on the right time to provide them with the right information so that they are satisfied and the company is reaching its objectives. Google has developed themselves so much that it can do well without
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getting in innovations in the next 10 years. Google's production team is not giving up and tey are getting in new innovations every day(Yasmin, Tasneem and Fatema, 2015). LO 2 P3 Compare the ways in which different organisations apply the marketing mix to the marketing planning process to achieve business objectives. BasisGoogleMicrosoft Priceï‚·Googledoesnotask for any cost from the customersdirectly. Google likes to spread information more than making personal profit. ï‚·Googletakesmoney forgooglead-words. Thispriceistaken fromthecompanies whichputsits advertisementson google which come on therightsideofthe result or the search. ï‚·Microsoftshoulduse thepsychological pricing technique to get morecustomers. Psychologicalpricing is making the cost of a product from $100 to $99. ï‚·Microsoft should make more products and use innovationinthere products to attract more clients or customers. ï‚·Microsoft should get in moreoffersand discountsforthe customers so that they getattractedtothis brand. Productï‚·Googleistheworld's mostpopularsearch engine. ï‚·Microsoftisnotthe most popular one but is popular enough.
ï‚·Googlehasgoogle scholar,igoogle, googlenews,google blogsearch,orkut, google docs, etc are the differentproductsof google. ï‚·Microsoft has laptops, tabs, desktops, etc are thedifferentproducts of Microsoft. ï‚·Microsoft must expand its portfolio to meet the needs of its customers. ï‚·Thepackagingof Microsoftproducts needtobeincreased andshouldbemade more visually accepted for the customers. Physical Evidenceï‚·The company is located in California at Mount view. ï‚·Thewordgoogle comesoutofgoogol which means a number whichisfollowedby hundred zero's. ï‚·Thecompanyby mistakenlyregistered themselves as google. ï‚·Thecompanyhasa distinctcolor packaging. ï‚·Thecompanyhas providedadifferent shelf for themselves so that the customers can identify them in a busy retailer store. ï‚·Microsoft has its own website which is very userfriendlyand provides its customers withimaginesofthe productswithhigh quality. Peopleï‚·Googleemployedï‚·The employees in the
20,000 people in 2008. ï‚·Google is supported by theentireworld because it is the most used search engine and also preferred by most of the people. ï‚·Theemployeesof Google are treated very wellandaregiven incentivesforthere hard work which they put in for the company. ï‚·The employees of the companyarevery loyal. salesteamarewell trainedtomakethe companysellits products efficiently. ï‚·Microsoftshouldhire people who are loyal to notjustthecompany butisalsoshowing respecttothe customers while selling any product. ï‚·Thecompanyshould givetheworkforce team incentives for the hard work they put in. Processï‚·Peopleusinggoogle calendar or google mail theygiveoutmore informationabout themselves to google. ï‚· ï‚·Microsofthasto increasethehandling of there computers so that they can increase thereefficiencyand time to time delivery of the products. ï‚·Microsoft is trying to understandits opportunitiesinthe markettosatisfythe needs of the customers. ï‚· Promotionï‚·Thecompanyhasï‚·Microsoftshouldhire
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flyersofGooglein business magazines. ï‚·Google Crome has its own advertisements. ï‚·To manage the media theyhaveproactive publicrelations functions. bloggersorpopular moviestarsor televisionstarsto promotethere company. ï‚·To aware the customers orpeopleaboutthe brand,thecompany mustadvertise campaigning. ï‚·To have a repeat in the purchaseofthe customers they should startcollectingthe customer's data so that they can send mails and messagestogetthe sales up. Placeï‚·The office in California looks like a university campus with gyms and cafe. ï‚·Microsoft should come onsocialmedia networkstoo.They shouldstartposting thereproductsonline onthesocialmedia networks to make the people aware. ï‚·Microsoftshould improve its websites so that they can make it more user friendly.
LO 3 P4. Produce and evaluate a basic marketing plan for an organisation. Executive summary- Google is coming out with a new product which is Google earphones. Google earphones are focusing on the sound quality they would be providing to the customers(Chaffey and Smith, 2017). They are changing the product with a soothing to the ears. Mission- Google's mission is to provide the world with a organised information and an information which is accessible and useful to all. Vision- The vision of Google is to give the people the organized information in just one click. Objectives- ï‚·To increase sales of new product Google Earphones by 10% till the end of year 2020. ï‚·To increase the market share by 30% till the end of year 2022. ï‚·To enhance consumer experience by 10% in upcoming 6 months. ï‚·To increase the profitability by 20% till the end of year 2020. Strengths, weaknesses, opportunities and threat- Strength- ï‚·Google has not allowed any competitor to come any close to them. No one has ever dared to challenge them. ï‚·There is a high revenue of google because of the different sites who have ensured the growth of google. ï‚·Google has 28% control on the desktops worldwide market share. ï‚·Google adapted itself to android technology and mobile technology very successfully. Weaknesses- ï‚·The weakness of google is that it is not being able to provide privacy to its customers. ï‚·Because of growth in competition with facebook, google has to face lose in the market share. ï‚·Google gives a lot of advertisements during the usage of this website. Customers are not really in favor of this.
Threats- ï‚·The antitrust controversies is the greatest threat to google. ï‚·The two competitors that google is feeling a threat from are amazon and facebook. The two are growing so rapidly that google is scared to lose its spotlight. Opportunities- ï‚·Google play and Google glasses are prepared to be marketed which could become a boost for google to progress and develop. ï‚·Google needs to find non-business model for there work. The 4 p's of Google Earphones- Product- The company is coming out with a new device or product which is Google earphone to compete with the competitors. Amazon and facebook are the competitors which google is worried about because it does not want to lose its spotlight. The earphone are made soothing for the ears of the customers and the base of the voice which is heard on the earphone, even that base's quality has been improved upon. Price- The price of the earphones is not too high because they are providing its customers with the best of product for cheater rate and also because they have not entered this market before so they need to establish the market first so that they can get in more customers. The earphones are affordable and if the company is successful in selling this product then they will launch another product with higher price and increase the rate overall of the product they are just selling. Place- The product will be sold first in US first to see if they can sell this product world wide and will be accepted by the people. They will take feedback's from the customers so that they can improve on the quality to make the product even more better. Google earphone once becomes good enough selling product then it will be launched all over the world. Promotion- The company is not promoting it fully because the brand name is already to strong. But Google is still putting its advertisements everywhere so that they can establish the market in earphone field too. In US the promotions will not be so high because google wants to first see and take feedback's and not invest much on the product if it does not work or has sufficient sales.
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Financial Planning- JanuaryFebruaryMarchAprilMayJune Cash inflow Sales150001600017000180001900020000 Totalcash inflow 150001600017000180001900020000 Cash outflow Rent200020002000200020002000 Marketing Expenses 300030003000300030003000 Raw Material Purchase 400040004000400040004000 Utility Bills500600500600500600 Wages250025002500250025002500 Totalcash outflow 120001110013000121001200012100 Netcash flow 300049004000590070007900 Segmentation, Targeting and Positioning- The company is not targeting anyone for selling the Google earphones. The age group they are targeting is mostly with the age group above 10 years and there is no age limit to it. The
price of the earphones are set very low because this is the first time google is coming out with a product of earphones and they are also putting it low because they want to establish the market before they increase the prices. The company is first targeting the local cities of United States to see if the product will be able to take over the market successfully. The price is kept low so that more and more customers want to try this new product. This product is not make for any specific race, culture, gender, etc. This product is made for all kind of people and for satisfying them as much as possible without damaging them. The product is safe and satisfying according to the survey which Google had done with the employees and outside people to take a feedback from them(Chaffey and Ellis-Chadwick, 2019). The quality of the product is unbeatable with the price they have put it for. Even if, the other company's try beating this product they will not be able to. Google has made it such by keeping the customer's satisfaction and there safety in head. Google has full confidence that they will be able to take over the earphone department a well. Conclusion Google is the best and most used search engine in the world. The only competitors google have been facebook and amazon. Google's major drawback is the privacy to the individual which the google is not being able to provide the customers. Google is improving every day to not let anyone take its spotlight away. Google was started by college going student and now is the world's most used site.