Marketing Essentials: Roles and Responsibilities of Marketing Function
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This document discusses the characters and errands of marketing function, as well as the roles and responsibilities of marketing in the context of the administration. It also explores the marketing mix and how it helps achieve the goals of the business. The document focuses on Cadbury and Nestle as examples.
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Table of Contents INTRODUCTION...........................................................................................................................3 Task1................................................................................................................................................3 P1 Characters and errands of marketing function..................................................................3 P2 Roles and Responsibilities of marketing in context of the administration........................6 Task2................................................................................................................................................7 P3 Marketing mix in directive to achieve neutral of the business.........................................7 Task3..............................................................................................................................................10 P4 Marketing plan................................................................................................................10 CONCLUSION..............................................................................................................................13
INTRODUCTION Marketing is that tool of management which is related to establishment of relationship between customer and firm's product for attraction it towards product of organisation. This is done to communicate the product of firm in potential market. There are various tools and techniques which marketing function follow for promotion of firm product. Some of these techniques are advertisement , market penetration, analysing behaviour of customers. In context of this report, Cadbury is the focus company(Ahmed, P.K. and Rafiq, M., 2013). Cadbury is a British multinational company which is founded in year1824 by John Cadbury as a retail shop for chocolates in England. This report is consist of detail study about marketing function in Cadbury . It incudes allroles and responsibilities of marketing function. The relation of marketing with other department of firm will also studied. The all potential customers and competitor of company will also identified that how firm can get competitive advantage in this dynamic environment environment. Task1 P1 Characters and errands of marketing function. Marketing is that function of management which is related to number of activity which are related to promotion of firms product in target market. This is that function which help firm in managing its business. Concept of marketing:Marketing is that philosophy which company used when it have to evaluate the demand, requirements and needs of customer and take product decision according to it. This have the clear mote to fulfil the neds of customer and increase profit of firm(G and et al, 2015). Current and future trends of marketing:Marketing is continuously changing with changes in market trends and techniques of production. Thereisregular amendments in firms process of marketing . As in previous times firm use to advertise there product in newspaper or customer survey but in today's environment firm is using social media and online promotion . This have also facilitate more productivity of this function to company like Cadbury. These new methods are helping company in getting to new customer as there are large number of competitor but because of new marketing techniques and innovative idea infirm is getting advantage Marketing refers to the set of various activities which is conducted by organisations in order to
exchange their thoughts, ideas and views about products and services offered by it(Baack, D. W., Harris, E. G. and Baack, D., 2013). Marketing process:It is the process of influence the behaviour of customer through use of marketing tools . These tools are used in combined form for attracting customers towards the organisation. this includes some steps which are stated below:ï‚·First Step:This is first stage in process of marketing where Cadbury can use the opportunities present in the market . These are related to identifying and evaluating needs of customer. Demand of products and requirements in market.ï‚·Second Step:After the assignment of whole market, firm have to move to second stage which is categorising potential customer of firm this can help firm in getting knowledge about its target market and will lead in maximising firms profit . There are number of functions which are performed in this step.ï‚·Third Step:In this step the marketing pan have to be formed. This plan have main target is to find what Cadbury can do to attract its targeted customer in market . Company can use various tactics to for a effective plan for achievement of firms goals. ï‚·Fourth Step:This is last step in this process where firm use al the tactics and strategies which firm perform for achieving organisational goals and objectives. All the resources of firm are used here to invite customer for selling firm product in target market. Cadbury is the company which is dealing in chocolates and food beverages, it has main objective of serving quality products to its customer, and for this it is using quality product in its manufacturing process but quality product is not only the thing which help firm in getting the advantage of large selling so firm have also focus on marketing of its product which will help firm in getting more customer and serving then good quality product to them. Here the roles and responsibility of marketing function is elaborated(Babin, B. J. and Zikmund, W. G., 2015). This will show how this function will work with deferment department of function this will help firm in getting good coordination in all areas. Some of the roles and responsibilities are discuses below: 1.Market information:The first function of marketing department is to provide thin formation of outside market to its firm ,this incudes informational related to demand and type of product, product of company in market. Cadbury use this function of marketing department as it examine both internal and external factor present in environment which
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help firm in getting new policy and decide what it can do in future for solving problems . This also aid firm in getting all the work done without any problem. 2.Financing:Marketingdepartmentoffirmalsoperformsomefunctionoffinance department. As good marketing function help firm in getting acess to new market which attracting more customer .this will facilitate finance department in attracting more investor for firm . Marketing function help firm in reaching to the peak of finance requirement in firm. There are number of customer which are attracted towards firm and this will provide help to Cadbury as it provide credit facility to its permanent customers. This will increase the profitability of firm for long run. Market planning:The most important role of marketing function is t provide market plan to firm. This will help firm in getting access to new marketing strategies and plans as it facilitate firm the more profitability in business world. These marketing pans are also used by Cadbury in its functioning as these help firm in using its resources properly and getting new resources on time. This will also use as productivity increaser for firm)(Baker, M. J. and Saren, M. eds., 2016. 3.Product designing and development:It is also a key role which is performed by marketingdepartmentoffirm.InCadbury,itsmarketingdepartmentanalysethe situational product design and development and guide design departure about the trend which is going in market and attracting the customer. Firm can use marketing in making new designs for their products as their products are available in market which can be evaluated by marketing department while performing marketing functions. Marketing department of Cadbury guide firm about size, quality and other qualifications of product to firm. 4.Exchange functions:In today environment firm is using market transactions which can help firm in guiding what is going in market this can be used by Cadbury as it have to analyse which type of exchange functions company is performing. Cadbury is dealing globalize worldwhich force company to perform number of exchange functions. Here with the help of marketing function firm can use its resources and perform smooth exchange functions. 5.Distribution channel:Distribution channel is important part of organisation this is important part of firm as it facilitate in smooth flow of goods and services when there is
demand of them. Marketing department have important role in distribution channel. This is because by proper marketing there will be increase in sale of firms product which leads in improvement of distribution channel because of increase demand of product. Good distribution channel help firm in getting access to global market(Clow, K. E. and James, K. E., 2013). It can be seen from above work that marketing department how to perform number of role in organisation by maintain coordination and support of all other department . This is essential for firm because it help it in getting what it want to achieve , and that id organisational goals. P2 Roles and Responsibilities of marketing in context of the administration Marketing function perform number of tools for the organization which help firm in getting access to new market and explore its product to different market for achievement of gale andobjectiveoffirm.IncontextofCadbury,marketingdepartmenthavenumberof responsibility. Further marketing department guide other departments about the actual demand and wants of the end user. Interrelationship of marketing department is as follows: Marketing and Finance:There is close relationship between marketing and finance department of Cadbury, this is because firm is dealing in products which require high level of advertised because of large number of customer. Here marketing department helps the finance department in allocation of funds properly this will also help in getting reach number of customer in potential market. Finance department help marketing department in knowing what the firm is planning to do and what are the funds available for performing specific activity related to promotion of product. Collaboration of both will also help firm in promoting innovative products in market. Marketing and Human resource:Human resource is the important part of organisation and they help the firm in managing the work within the organisation. These are those resources which includes men power of firm which is important to be managing. And this will be managed by human resources department of firm. Here marketing department of Cadbury as it provide information to HR manger about the product of firm which firm have to promote and HR manger will give proper training to human resources of firm about how to sell the product of firm an get maximumprofitablyinfirm(Huang,R.andSarigöllü,E.,2014).Thisalsoensuresthe development of employees within the origination.
Marketing and Production:Marketing and production administration of Cadbury are interlinked to each other this is because production department get the and from marketing functioninidentifyingneedsandrequirementofcustomerwhichfacilitateproduction department in getting know what consumer want in today's market . Marketing also help in identifying design, packaging and quality of product according yo target market. This is the basic role of making department in Cadbury. Production department help firm as providing thee product according to needs of customer which can be easily promoted by marketing function. Marketing and research:Research department of enterprise is most important part of firm because it helps in collecting information about the market and deeply analyse market with research tools. Marketing department of Cadbury formulate effective plan for this function as it help firm in knowing the requiem of customer. The both will coordinate efforts in customer satisfaction. Research help marketing department in getting access to selling their product easily this is because research department of Cadbury identify the current trend in market and use it in manufacture of product. This facilitate marketing department in selling the product easily in market for earning more profit(Joshi, M., 2012). Task2 P3 Marketing mix in directive to achieve neutral of the business Marketing Mix (7 P's) of Cadbury and nestle BasisCadburyNestle PricePrice of Cadbury products are according to needs of customer thatmeanscompanyhave number of price range for its customers. Some product like Oreo silk and red wavelet have highpricebecausetheyare premium product of company. But it also has medium and low range of products which can target all type of customers Nestleisalsofollowingthe same concept as Cadbury by offering number of price range inproductsforattractingall type of customer this will also facilitateinmanagingthe demand of particulate product for specific period of time.
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inmarketforlargeshare. (Lovelock, C., 2011) ProductCadbury have large number of product range which start from a candy to and end with an chocolatecake.Thislager numberofproductmakeit largestchocolatesellerin world ad every 3rdchocolate is of Cadbury. Company offers high quality of products which ismilkbaseproductnot powder base. Nestle was introduced in the year 1905 as FMCG company atinternationallevel.This havealsoproducinglarge numberofproductwith different rage like baby food, chocolates and snackslike Maggi. This has helped it in growingatbigleveland earnedprofitindynamic market. PlaceThiscompanyisdealing globallevelwhichfacilitate firmtoformastrong distributionChaneland facilitate long term availability offirmproductinglobal market.Thiswillalsohelp firm in reaching to the market peek for maintain its image in market. Institutionadoptgood commercialismchannelin order to distribute its product intargetmarket.Company introduces different tactics for marketinglikediscountto attractcustomers.Most popularproductsareMaggie and Nescafe.(opolšek, D. and Čurin, A., 2012) Physical EvidencesCadburyhavenolackof physicalevidenceas ithave large number of ware houses across different nation, this is the main physical evidence of firmwhichprovidesitreal existence in business world. Nestlehavealsoitsfuller existence in business world as it have number of stores across thenationswhichhavefull stockof materialaswellas product.
PromotionsCadburyadoptedstrong advertisement policy in there marketingstatureasfirm believesthatmarketing increasetheircustomer attractiontowardsfirm. Company use various methods topromoteitsproductin business world. Some methods areadvertisementthrough newspaper,video advertisement, TV and many more.Thishavefacilitated firm in increasing the sale of there product. Nestle is using the policy of promotingtheirproductby using methods which have old instyleandhavelowcost consumption.Firmdoesnot believe on advertising much as tit will impact on cost of firms product, nestle use slow rate of promotion of its product. PeoplePeople are those persons who are related to firms directly or indirectly,forCadburythere themainpeopleforitis employeeswhoperform differentfunctionforfirm. Firmprovidepropertraining and development to them for makingthesepeoplemore talented and task worthy for origination. For this Cadbury usemanymethodsof recruitmentandtrainingof employees.(Rossi,P.E., Allenby,G.M.and The main people for nestle is customer.Thisisbecause Nestle have its key focus on profit and revenue generation whichcanonlybeachieved with the help of employees of firm.Therearenumberof options which it use to make its consumer happy and stay withoriginationforalong time.
McCulloch, R., 2012) ProcessCadburyfollowsthe technologicalprocesswhere the flow regularupdating in themethodsandtechnology which is chose by firm. It will be smoothness in the process of firm which also increase the profitability of firm. Nestle process is to minimise the wastage of resources which also facilitate firm in getting cost advantage as low wastge will lead in cost reduction of firmwhichisimportantin today’sbusinessforgaining competitive advantage. From above mentioned marketing mix it can be seen that Cadbury and nestleboth have equal chance in business for gaining competitive advantages but Cadbury can get ahead Nestle this is because it have opportunity which help it in it , the opportunity is firm can use it people and promotion as the tool to get ahead from its main competitor. Task3 P4Marketing plan Marketing plan of the company is as follows: marketing plan is that tool of management which consist the strategies and methods for development of marketing function in organization. This is the main focused is to achieve the objectives of firm and do effective marketing of firm product in context of Cadbury, manager for marketing perform this function the main purpose of marketing manager is to form marketing function, his will help firm in getting more resources for use of firm and can be use it for long period of time, marketing plan for Cadbury is mentioned below : Overview of the company Cadbury is Company which is selling chocolates and beverages to global market .it have main fetcher of providing deletions chocolate to its customer. Firm have wide range of products some of these are silk Oreo , temptation. Dark chocolate. Bernville. All are the products of firm. Firm in continually increment getting in recent years. Mission:Cadbury mission is “to provide there customer the real taste of chocolate in which they can find their satisfaction, these products must be atsuperior quality with complete development of firm.
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Vision:The main vision of Cadbury is to make living standards people at high level and make them happy by eating chocolate which will ultimately increase brand image of firm. Marketing objectives ï‚·One of the prime objectives of the company is to increase its sale by 20% in next 6 months. ï‚·Company launch new product Cadbury Chaco dip for increasing its market share by 15% in next 1 year. STP approach: it is that approach which is used by the firm for dividing its product market , this is main strategy of firm to its marketing pan on the market of firms choice this will help Cadbury in maintain the environment where it can divide its market for implementation of its product, there are three steps in this process which are segmenting , targeting and positioning of firm product. These all points are elaborated below: ï‚·Segmentation:It is the first step in this framework where firm have to divide the market in small segments which will help firm identifying its potential customer, here the market will divided according to product. The divided market has several qualities which can be benefited for firm product. Cadbury can used this function as it divide market according to age group of peoplehere firm will divided the market according to age of people where firm use to target customer of 15 to 30(Silberschatz, A., Galvin, P. B. and Gagne, G., 2014). ï‚·Targeting:This is the second step which arise after the function of segmenting market . Here firm use the method of targeting the customer of divided market. In context of Cadbury firm will target the customer of 15 to 30. Where firm use fancy item for 15 to 18 people and for others it will use its premium products. ï‚·Positioning:positioning is the last step in this function where firm use to position with number of tools of marketing. Cadbury will use advertisement to target and position its product in market. This will help firm in implement of project pan in its functioning. Swot analysis of Cadbury StrengthWeakness ï‚·Solitaryofthemajorstrengthof Cadbury is it has a robust distribution ï‚·One of the weaknesses for Cadbury is lack of skilled and trained people in
channellengthwayswitheffective promotion devices. Companyhavemajorstrengthof providing products according to needs of customers of organtion. firm. Changingattitudeofpeopletowards origination also acted as weakness of company as it is unable to find health cause product for customer. OpportunitiesThreats Business need an chance to expand its occupationbyintroductionofnew productsaccordingtoneedofthe market. Throughthegrowingpriceofraw material, profit border of Cadbury are reducing. One of the threats for Cadbury is the numberofCompetitorCompany’s increase at the marketplace. As a result overall market share of the company reduces.(Silver, L and et al, 2012) Marketing budget Particulars1styear2ndyear3rdyear4thyear Investment110002000065005000 Initial money11000700055005000 Total22000270001200010000 Marketing outlay 15000200030005000 Sales publicity 2200100010001000 Direct selling4800350010001000 Promotion5000150050002000 Total270008000100009000 Monitoring and control
Monitoring and control is last step in marketing pan but it is the most important one which is directly related with success of whole marketing plan. This function deals as a watchdog for implementation and follow up of plan, monitoring is continuous evolution of performer of marketing pan and control is managing firm polices and process with marketing plan. In context of Cadbury firm is using method of monitoring and control wishing origination for success of firm marketing plan and accomplishment of goals and objectives(William, K. and Zikmund, B.J., 2012). CONCLUSION From the above mentioned report it can be conducted that marketing is an all pervasive function which have many impact on business of firm. Organization should use proper means to cope with this and can use its roles and responsibilities for establishing good managing in its all function. Firm can use marketing as a core function for understanding other department of firm. It is the responsibility of marketing manager to form as good marketing plan which can be used by firm. There are number of tolls and strategy which firm can use for getting maximum benefit form paining function and increases its profitability and productivity byincreasing customer satisfaction.
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