Marketing Essential: Roles and Responsibilities of Marketing Manager at Tesco
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This document discusses the concept of marketing and the different stages of the marketing process. It also explores the roles and responsibilities of marketing managers at Tesco and the interrelation of marketing with other functional departments. Additionally, it compares Tesco with Sainsbury using the 7P's of marketing.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Part 1................................................................................................................................................3 Concept of marketing.............................................................................................................3 Different marketing process...................................................................................................4 Roles and responsibilities of marketing manager...................................................................5 Interrelation with other functional departments.....................................................................6 Importance of marketing role in Tesco..................................................................................6 Conclusion on effective interrelationship...............................................................................7 Part 2................................................................................................................................................7 Comparing two organisation with the help of 7p's of marketing...........................................7 Marketing plan to meet the marketing goals and objectives................................................10 Objectives.............................................................................................................................11 SWOT...................................................................................................................................11 4p's of Tesco organic product...............................................................................................11 Monitor and controlling........................................................................................................13 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14
INTRODUCTION Marketing can be termed out as activity that aids to promote the buying and selling the product and services to individuals. It can be undertaken with help of advertising, sales techniques and publicity (). However, this is defined as set of institution that aids to conduct the services as to create, communicate and deliver services to consumer and other business as a whole. The study is based on business activities of Tesco, it is a British multinational grocery store whoseheadquarterarelocatedinWelwyngardencity,Hertfordshire,England,uUnited Kingdom. The founder of Tesco is Jack Cohen and it was founded in 1919, 100 years ago. It deals in product and services as grocery commodities. Inthispresentationtherewilloutlinetheactivitiesastodeterminetherolesand responsibilities of marketing managers. Thus, interrelation between the various department of marketing has been defined to evaluate its functions. Lastly, report has conducted marketing plan to launch organic product to full fill the need of health-conscious customers. MAIN BODY Part 1 Concept of marketing It is defined as a philosophy that assists the enterprise to study the need and wants of the customer’s. Henceforth, enterprise need to take the decision that can lead up to satisfy the need of consumers. There are 5 essential concepts of marketing and current and future trends in it which are: 1.The production concept- This concept of marketing shows the condition of customers who mostly preferred cheap quality products. Almost every manager has focused on high efficiency of production, low costs and mass distribution. Customers take interest in product availability and low prices. To increase the supply, producer have to cut the cost of production as output will increase and manufacture quality of goods efficiently (Baltes., 2015). 2.The product concept- According to this concept they believed that the high quality of products. It is considered as the important aspect. Focus of managers is on producing high qualityofproducts and then improve them overtime. The assumption is that
customers mostly choose well made products. They can judge quality. Managers will improve the success of their product if they do not make improvements in its quality. 3.The selling concept- Consumers are left on their own, they will not purchase enough goods form the firm. Sales and promotion play an essential role, because users show hesitation in purchasing the products. Some business has habit rather they have to sell what they have rather than manufacture wanted products by consumers. The organization have to use allocated tactics and tools of selling. 4.The marketing concept- This concept is different from all other concepts and it was modern firm use to follow. The aim of this principle is to overcome their competitors or beattheminproducingqualityproductsviacommunicationwiththecustomers, availability of products and affordable prices. Consumer is the king here. This concept is based on 4 pillars which are needs of the clients, target market, integrated marketing and profitability. 5.The societal marketing concept- Finds the needs, wants and interest in target markets and according to them it delivers thefavouritesatisfaction as socially and environmentally responsible. Production is also completed with the customers' wellbeing in mind(Saura and et.al., 2017). Different stages of marketing process It is a series of steps that allows the company to find out the problems of customers, analyzing opportunities in the market, and create material for marketing to reach the targeted audience. There are the 4 steps of marketing which includes find and target the right customers in the market. Analysis the opportunities in the market- The basic process ofofthis component is to analyze the market and find the opportunities which are available because these needs and wants are related to the customers who are not completely satisfied with the competitors in the market. Selection of target market- This is the most important step in the marketing process in which they have to select the customers which are going to be targeted. For this company carefully analysis the targeted market to choose the final audience.This done internally with SWOT model analysis along external environment using PESTLE & PORTERS 5 forces model. The company also use STP model.
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Development to design marketing mix – Demand of the product is affected by using various activities of marketing mix. This mix has seven p's as the development of marketing strategy. 1. product- It refers to offering goods and services to market by company. 2. price- refers to money given by customers to purchase the product. 3. place- It means, efforts which assure the availability of product in the market. 4. promotion- It is the way to give information about the product indifferentunique way to customersin orderto attract them. The Marketing efforts-The people, process along with physical evidence have also the inclusion of implementation of the plan and at last control the market(Ryan., 2016). The final step s to have the proper monitoring, evaluating along with controlling whether the implementations strategy is successful or not. Roles and responsibilities of marketing manager The Marketing manager has so many roles and responsibilitiesfaces in TESCO and what are they is mentioned below: Become the company expert and work closely with remote and local teams to authorise campaigns.Forunderstandingthepotentialopportunities,thedailyinteractionwiththe marketing team is necessary. Give training to the new users of the system. At first cover all the email marketing, this role will extend with the time to cover whole area of multiple channels. There are some responsibilities also which are mentioned below: Establishing a strategy for price which helps to maximize profits. Identify new customers in the market. With the help of advertising managers, create promotions. Understand and develop budgets, including expenses, research and development allowance nadandprojection on profit loss. Managing and developing advertising campaigns. Organizing conferences for the company, shows and major events also. Building awareness of brands and positioning. Maintaining and evaluating a strategy for market.
Planning, directing and coordinating efforts in market. Communicating the plan for marketing. Developing each marketing competition from start to finish. Research for the demand of products and services needed by Tesco. Assess competitors Developing marketing strategies and plans- manager of the company has to find the needs of customers and wants, deliver them and communicate premium value. Planning is managerial processfordevelopingandmaintainingbalancebetweenorganizationswhichareskills, objectives and its changing marketing opportunities. Strategic planning has four levels: division, corporate, business unit and product. Monitoring marketing environment-Managers have to look for the trends which are running in the market and change them into opportunities and with the change in global scenario,marketers have all focus on six main environmental forces which are economic, demographic, socio-cultural, technological, political and legal forces. Research in Marketing- At the time of seeing the environment in market, managers also have the knowledge of the company. This particular knowledge is related to their company's,theirproduct,teamoftargetedconsumersandresponsetotheir communication efforts. Responsibilities of manager marketing manager have to manage all the the activities in the company and also in the market department also. They have to Establish a price strategy which helps to maximize profits. Identifyingnewcustomersinthemarket.Withthehelpofadvertisingmanagerscreate promotions.DevelopingandUnderstandingbudgets,includingexpenses,researchand developmentallowanceandprojectiononprofitloss.Manageanddevelopadvertising campaigns. Plan for conferences for the company, shows and major events also.Building awareness of brands and positioning. Maintain and evaluate a strategy for market. Communicate the plan for marketing. Research for the demand of products and services which is necessary for the organisation.
Interrelation of marketing with other functional departments Marketing is to learn about customer’s needs thatwthatwhatthey want, then inform to Tesco to do the delivery of that product and services. Marketing has a great relation with every department and how they interrelate with other functional departments is mentioned below: Production management- department of marketing will have to work closely with the department of production to justassure that development and research is planned to fulfill the present and future needs of customers. The quantity of orders will generate through marketing as they know the level of demands and they will met with the schedule which is required for delivery. It is like that department ofmarketing will put deadlines which will stretch the capability of the production department. Department of Finance-Department of marketing have to also work closely with the department of finance to ensure that there is enough budget to meet the needs for promotion, research and distribution. The marketing department have to focus on volume of sales and creating a market share, where finance department have to be focused on covering cost, cash flow and paying back investment as soon as possible. HR department-The department of marketing have to build strong relations with the HR department to assure that suitable skills and staffing are in place to develop and research new ideas for product. Meeting with the targets of production and create a competent sales team. The HRM department have so many demands and training for recruitment but they have to balance its responsibilities to marketing with other departments. Importance of marketing role at Tesco The important objective of Tesco is to develop and maintain the satisfied relationship with both customer and company to get the benefits. At the Tesco level, marketing is essential function of business which is necessary in all industries.Why mMarketing role is important for the Tesco because it develops products which satisfy needs. Tesco helps to compete in the aggressiveenvironmentwhichhelpsinloweringthepricesofproducts.Bydeveloping distribution system of product that offer the products to a large number of customers across the UK and other geographic regions. The demands for products that helps Tesco to expand their force of labor. It is important because it identify that whom to target and how Tesco reach to them. Satisfying customers through making the right product and make it available to the right
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people at the right time. It is important because it retain customers for Tesco. Tesco have to focus on their customers and provide a reason through which they come back and buy it repeatedly. The marketing completely also offertechniques that acquire the ability to send text that will change the behavior of societal in a positive way(Tatlow-Golden and et.al., 2017). Conclusion on effective interrelationship Success of Tesco or any other organization begins with the success of marketThatsing team. All the departments are interlinked with each other if one department is facing problem then it is sure that it will affect other department too. The finance department has a great impact on every organization because it provides funds for other departments and company knows that money is the essential factor for their organisation. By supporting the department of marketing it will provide a lot of information which is helpful and effective in maintaining the relation of finance department with the marketing. Surveys will create impact on production department because through this organisation get to know that what are the things which is unlike by the customers about the product and also helps in doing effective marketing for organisation.(Chaffey and Smith., 2017). Part 2 Comparing twoorgnisationorganisationwith the help of 7p's of marketing. Marketing mix is actions or it can be tactics,which is used by company to promote its brand or its product in the market. The marketinghavehasits 4p's which are extended to the 7p's which are price, product, promotion and place, people, process and physical evidence(Stephen., 2016). ComaprisonComparisonbetween Tesco and Sainsbury according to the 7P's BasisTescoSainsbury ProductTesco is a huge brand and it has large range of products at itsdifferentstores.The products available in the Tesco are food, beverages, pet care products, frozen food, bakery Sainsburyalsohaslarge offeringforitscustomers understartegystrategyof marketingmix.Theyare offering 30,000 products and 20% are from its own brand.
products,gamingproducts, technology along with mobile and banking. Someproductswhichare ready to eat meals andbakery products, food products, home collection and furnishings etc. PriceTesco adopts the strategy in its pricing. By maintaining quality they also provides low priced goodsat the same time. Tesco usebestchannelsfor acquisitionstomaintainlow prices. Tesco cuts promotional expenseafterreceiving feedbackfromcustomers. Tesco recently launched some new products at low prices. Thepricingstrategyof Ssainsburyisdependsupon customers which are value for money.Sainsburyusesgood discrimination of price policy as per the product positioning, thus usually access a premium price. Sainsbury basic range of products of kids are low and alsowithexcellentquality which is value for money. PlaceTescohasmorethan6900 stores in 11 countries. Tesco has these kinds of stores which are Tesco Metro, Tesco extra, TescoexpressandTesco superstore.Lsotheonline shopping Sainsburyhastotal598 supermarketsand714 convenience stores and out of them 45 stores runs 24/7 and therestonesareopenon Fridaystillmidnight.They offershomedeliveryand online website option also. . PromotionPromotion strategies in Tesco arethattheyhaveastrong image of their brand. Tesco use Hoardings,advertisementon television, charitable eventsas promotionalchannel.They providehugediscountsand The strategy for promotion is thatSainsburyuse promotionalstrategiesto attracttheattentionof customerandtocreateits brandname.theyusethe variouscelebritiesDavid
offerslikebuyonegetone. Tescohas'TescoClubcard' which provides different offers . Beckham for advertising and to highlight its sponsorship in LondonParalympicgames. Use oftelevisointelevisionand radioinATLandsales promotionandpackaging under BTL. PeopleTesco is a leading brand and giving work to lot of people. These are the employees of the companywhichare selectdselectedthrough selectionprocessheldby company.There are4,80,000 employeesin11markets. EmployeesofTescoare supportive and help each other. Sainsburyhaswelltrained experts and professionals who knowsthesensitivityof consumerbehavior.First preference is always given to customer by Sainsbury, giving trainingstoemployeesto satisfy the needs of consumers. They introduced level 2 craft skills for bakers. ProcessTheprocesswhichTesco follows is that Tesco will attain market task and kept in mind. It wasdesigned in that manner thatmadechangesfromthe policies of the company which were kept as minimum. Other factors which are considering theservicefeature, accessibility and capacity level of production. Sainsburyprovideonline shoppingoptionforits customers.Justclickand servicesofgrocerieswill comesin front of you. Also makes changes in its pricing andallocationofslotsof deliverywhichincrease number of orders and customer loyalty. Physical evidenceIt is a proof of real products whicharegiventothe Sainsburyhasexcellent strategy to market its products
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consumersincludedlogos, lableslabels,coloursand equipmentsarethephysical evidence used by Tesco. The storesarealsoexampleof physical evidence because it is a place of that brand. through physical evidence. It hasvariouslayoutsand designs of stores. The quality of trolleys and baskets assure well shopping experience. The layouts of shelves in the stores areimpressiveandmakes shopping convenient. Tesco is a huge brand name and through marketing mix they are promoting their products through various methods and by implementing the proper plan which is done through proper planning and after that they are working on their team to be more effective and increasing their distribution channel is also helping them to achieve their objective. Sainsbury is using broadcast media to promote and through setting up stores in the center of the market is helping them to attract the attention of the people and at last the effective plan which they are implementing to achieve objective is providing home delivery of their product. Marketing planning to meet the marketing goals. Marketing plan Executive summary After analyzing the changed habits of UK consumers, it seems that consumers begin to shape the company in the sense of health consciousness and awareness of product quality. Starting from this report aims to suggest new segment forTesco which gathers all its organic and health related products under the one brand or label called Tesco Wellness. Mission- for creating value for customers, to earn their loyalty for lifetime. Vision- Tesco wants be the most high value business by: the consumers they serve, the communities in which Tesco is operating andtheir loyal colleagues and at last theirshareholders”
Objectives Awareness for the organisation to achieve the goals organisation. increase market,share by 25% till the end of year 2021. enhance customer experience by 11% in upcoming 4 months. increase profits by 23% till the end of year 2021.. SWOT Strength- Tesco has not allowed any competitor to come any close to them. No one has ever dared to challenge them. There is a high revenue of Tesco because of Huge brand name and this is the advantage for the chosen organisation they don't need more promotion because of huge brand name their stores are already known by everyone. Weaknesses- The weakness of Tesco is that it is not being able to provide privacy to its customers. Because of growth in competition withwallmartWalmart, sainsbury has to face lose in the market share. Threats- Other stores are finding and implementing new things for distribution of their product and this will lead to less revenue for the organisation. The two competitors that Tesco is feeling a threat from arewallmartWalmartand miller. They are growing so rapidly that Tesco is scared to lose its spotlight. Opportunities- Tesco prepared to be marketed which could become a boost for Tesco to progress and develop. Chosen organisation needs to find innovative things for their product and this will be the best opportunity for organisation to attain growth in the market. STP process Segmentation-The market is segmented in four dimensions which are demography, psychography, geography and behaviour. The relevant variable of demographic dimensions are age and income, which permit to
distinguish, among children, young, adult and old age people and on other hand it is among lower, middle and upper class. Geographic dimension is relevant because various places may be associate to different states ans shopping habits. Psychographic dimension is more concerned about health and well being or it is interested in new flavours, new channels or innovation in normal. Targeting- Tesco is adaptingan everything to everyone approach whichlead to covering almost all possible segments of the market. Tesco products are for special diet requirements and different special thingsaccording to regional preferences. Tesco has also different stores which helps to meet the dissimilar needs and shopping habits of customers. Positioning- The performance is associated to the Tesco wide availabilityand great online service. It also shows the unintelligibility of its brand perception and its brand communication. Tesco states on its website that customers wants great products at a great value which theycan purchase easily and its organisation job to deliver this in the right way to customers. 4p's of Tesco organic product Product- The company is coming out with a new device or product which is Tesco organic product to compete with the competitors.The herbal products are good for health of the customers and the its organic natural ingredients also(Todor., 2016). Price- Using market skimming price strategy for Settingprice of the organic products and the pricing strategy which we will going to use is that we will set a high cost for our new product which will lead in high profit quickly and also because they did not entered in this market before so they need to establish the market first so that they can get in more customers. (Yasmin, Tasneem and Fatema., 2015). Place- The product will be sold first inUSUKfirst to see if they can sell this product world wide and will be accepted by the people. Tesco herbal product 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 alreadytotoo strong. But Tesco is still putting its advertisements everywhere so that they can establish the market in herbal product field too.
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Budget allocation Key resourcesPrice(dollar) Raw material$200 Labour$270 Technical advancement$300 Promotion$110 Total budget$880 Hence the marketing budget for the product and services will be this. Monitor and controlling 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 Tescohad done with the employees and outside people to take a feedback from them . 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(Yadav,Joshi and Rahman., 2015). CONCLUSION This brief describe about how marketing essential is important for organizations. Through this all project we get to know about that how marketing concepts and marketing process helps in achieving the desired goal for the organisation. It shows that how roles and responsibilities of marketing manager manages all the activities within the organization. by interlinked with other department it will result in showing benefits which comes from interlinked with other functional departments. Explanation how role of marketing is important for organisation. With the help of marketing mix we can see where the company is lacking and where they can do more growth.
The plan of marketing is essential ton know the vision and mission of the company. In the end it shows that how company can do their growth by adopting various marketing plans.
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