Roles and Responsibilities of Marketing Function in eBay
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This article discusses the roles and responsibilities of the marketing function in eBay, including satisfying customer needs, analyzing market trends, branding, and coping with competition. It also explores the interrelationship between marketing and other departments in the organization.
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Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1 Roles and responsibilities of marketing function...................................................................1 P2 Interrelationship between marketing and with other departments.......................................3 TASK 2............................................................................................................................................4 P3 Comparison of two organisations marketing mix.................................................................4 TASK 3............................................................................................................................................8 P4 Develop marketing plan........................................................................................................8 Marketing Plan.................................................................................................................................1 CONCLUSION...............................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION Marketing is a process or activity where buyer and seller meet together with an aim of promoting the brand as well as to build a strong relationship with its customer in order to enhance the productivity ratio in an effective manner. The foremost intent of marketing function within organisation is to bring increased level of satisfaction to customer so that they can gain competitive advantage in a stipulated period of time. However, marketing department plays a significant role as it enable an establishment to assess large number of population towards brand that benefit company to acquire best position within competing industry (ALHAKIMI and QASEM, 2014). Moreover, marketing function is interrelated with other divisions within organisation that assist manner to accomplish its business goal in an efficacious and productive mode. For this report, eBay has been considered which is one of the reputed and multinational e- commerce company that facilitatesC2C and B2B sales vis its website. It is commenced in the year of 1995 and headquartered at U.S. In this study, it involves roles and obligations of marketing inside company, interconnection between marketing with other division. Furthermore, comparison between twofirm marketing mix and also development of marketing plan for attaining desired objective in a better way. TASK 1 P1 Roles and responsibilities of marketing function The concept of marketing refers to those aspect which enable company to improve the sales performance and also can produce increased level of consumer satisfaction that benefit firm to enrich its brand value among other competitors. In addition to this, it is viewed as a powerful tool as it firm to enhance the proficiency ratio by examining the market current or emerging trend and based on that they make a corrective course of action which lead firm to promote the brand in a productive style (Taneja and Toombs,2014). Moreover, the market section has various roles and responsibilities which empower manager to accomplish its desired task in an trenchant mode within prescribed time period. In terms of ebay, the industry where it operate its function is highly competitive and challenging that threat its potentiality in obtaining profit maximisation in an impressive manner. Therefore, eBay manager makes an attempt to implement best strategic decisions that aid enterprise to acquire best position among competitors in an
prompt style. However, there are various roles and responsibilities within marketing which enable eBay to maximise its profit and some of its are as follows: Roles Satisfying customer need:This factor is viewed as an integral role within organisation as it directly link with enhancing company's profit margin and brand value in a creative manner. In regard of Ebay, its manager takes an initiative to determine customer taste and preference and based on that make a best decisions in order to attain sustainable profitability ratio. Moreover, they also focus on product quality which enable firm to strengthen its customer baseand also can strengthen its brand image among others competitors in a creative manner. Analysing market trend:Under this component, it is relate with those aspect which empower an establishment to evaluate present and upcoming trend of marketplace for attaining high level of sales growth and proficiency ratio. In relation to Ebay, its manager makes an effort to examining the trend of business environment that drive firm to face all sort of threat in a productive style. Due to this, eBay can properly allocate its resources and can put their product in a better place that capture the attention of large number of population in an impressive mode (Ali and et.al., 2015). Responsibilities Branding:It is considered as important toolas brand is a identity for organisation through which they can increase its volume of sales and also profit margin ratio in an effective demeanour. Hence, in terms of Ebay it stand apart from other competitors in context of name, design, symbol, packaging, labelling that aid firm to acquire positive response towards brand. With the help of this, Ebay can obtain profit maximisation and sustainable growth ina given time frame. Coping up with competition:It is another responsibility which organisation's manager implies into its business premises in order to make best decisions for acquiring amended level of sales growth. Additionally, Ebay's superior makes an attempt to conduct market research through which they can gather relevant information regarding industry trend or demand that help company to render increased degree of customer satisfaction. Moreover, it empower Ebay to adopt innovative and novel ideas or technologies which assist firm to face all kind of threat in a productive style. With the help of this, ebay van build a healthy relationship with its consumers and also can gain leading position compare to its competitors in a better manner.
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Henceforth, the above discussed roles and responsibilities enable Ebay to accomplish its vision in a appropriate time duration that help them to retain its existing consumer and also can attract new individuals towards company's brand. Therefore, proper allocation of resources in a correct time help Ebay ,manager to improve its overall performance as well as can enrich their sales growth without any hindrances. P2 Interrelationship between marketing and with other departments In an organisation, there are various forms of divisions in which each of them contain its own set of roles and function that make them contrary from each other. Along with this, combination of all these business function motive an establishment to achieve its desired objective in a given time period in a full satisfactory level. Apart from this, each of the divisions of a firm are related to each other that enable manager to obtain better outcome in an organised and structured way in a desired time period.In context of Ebay, it is comprised with different divisions like marketing, human resource, sales, finance, research and development and so on that help concern to reach its decided position within prescribed time duration. Hence, some of the interrelatedness of ebay' s marketing function with other departments are discussed below: Marketing department and finance department:Both these business function plays a significant role in improving its volume of sales and brand value. IN context of marketing section, it is mainly concern with delivering the product or service as per the need and preference of customer so that they can achieve amended sales growth rate (Chatterjee and Gupta 2016). However, for this they need enough amount of money which they can acquire from finance department. Therefore, Ebay marketing division examines the existing market trend and provide the detail information to finance department in order to gain required amount of fund. Due to such connectivity, Ebay marketing manager can easily reach out to wide range of population and also can obtain improved degree of sales performance in an innovative manner. Marketing department with human resource department:In context of these function, they are viewed as an important determinant which empower organisation to accomplish its goal in a better manner. However, for enhancing the brand value of company in an impressive style it requires talented workforce who put their best contribution towards an attainment of goal. Therefore, Ebay's human resource division make use of different recruitment tools like job fare, campus recruitment, advertisement on newspaper, magazines that help establishment to acquire best candidate for their company. Due to this, they can gain novel ideas and thoughts as well as
innovative technologies that lead them to gain competitive advantage in an innovative and productive style in prescribed time period. Therefore, the mentioned interrelationship among different departments enable Ebay to bring increased level of customer satisfaction and also can enlarge their market share or growth in an prompt manner. Moreover, it strengthen its productivity and proficiency ratio as well as aid firm to improve brand value in a productive style. TASK 2 P3 Comparison of two organisations marketing mix Marketing mix is a combination of various elements like product, place, promotion and so on that enable enterprise to gain competitive advantage in a better way (S.,Chopra, 2017). Moreover, it help organisation to determine the business environment challenges and also empower them to take corrective course of action in order to accomplish its desired objective within precribed time frame. BasisE-bayAmazon ProductThis aspect of marketing mix is regarded as most powerful element. Product is a tangible goodorintangibleservices which is manufactured to meet the demand or need of targeted population in a better manner. IN context of E-bay, it is one of the prominent online player whoofferwiderangeof products like electronics, home appliances,whitegoods, fitness equipments, and so on . Because of its product quality and attribute, it lead them to attractwiderangeof Thiscomponentisconcern withrenderingproductor serviceinahighandbest qualityinordertoacquire sustainableproficiency.In relation to Amazon, it deliver severalproductstocustomer such as clothes, Kindle, mobile phones,jewellery,gardening equipments,booksandetc. Apartfromthis,itoffers various other services such as Amazon Prime, Prime Video, Fashion,Amazonmusicthat enable targeted population to fulfil their requirements at one
populationtowardstheir brand.Moreover,eBay classified its product platform intoseveraldivisioni.e. Marketplace,StubHUb, Auction Co, eBay Classifieds, iBazar,Gumtreeandetc. Along with this, the another benefitwhichebayoffersis that the website is free to use for buyers which helps them to attainincreasedlevelof productivity. platform that saves their time, cost and energy and it directly reflectinthegrowthof Amazon's productivity among competitors(Erragchaand Romdhane, 2014). PriceItisthefactorforwhich consumermakeaneffortto payinordertoacquire improved level of satisfaction inaneffectivemanner.In regard of ebay, it operate its product in competitive pricing methodduetoswitching attitudeofcustomertowards other brand is very high and purchases take place in a span of minutes. Moreover, in some occasionsorfestivalsEbay acquire discounts, offers, sales andtradepromotionwhich assistfirmtoobtainprofit maximisation in an amended way. Price factor is the valuation of product which is set by seller or manufacturer so that bear competitivepositionwithin marketplaceinastipulated periodoftime.Incaseof Amazon,itimpliespremium pricingmethodandcost leadershipstrategywhere enterprisecanpossesssolid marketshareaswellas competitivepricing. Furthermore, Amazon applies additionalrangeofpricing strategieslikepenetration pricing,priceskimming, psychologicalandpromotion pricing as per the demand of
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population and changing trend of business environment. Due to this, they can easily place their brand in a better position. PlaceUnder this, place factor refers to those where establishment putitsproductatproper locationsothatorganisation cangainincreasedlevelof proficiency in a amended way. InrelationtoEbay.Its distributionofproductsis optimum where consumers can comparethecommodityas wellascanobtainrequired informationaboutparticular productlikespecification, price, packaging, looks which renderhighlevelof comfortabilitytotargeted populationanditimproves Ebay's sales performance in an amended mode. Amazonhaswiderangeof presenceineverypossible areas as firm deliver its each productinseparatedivision which attracts the attention of customereasilyintermsof acquiring reliable information about product features, price, functionthatleadthemto retaintowardsbrandfora longer period of time. Apart from this, Amazon has more than175fulfilmentcentres across the globe that enhance firm'spotentialityingaining sustainableprofitabilityratio (AmazonMarketingMix (Amazon7PsofMarketing), 2018). PromotionThis phase is relate with those which organisation utilises for promoting the product so that theycangaincompetitive advantageinaninnovative style. However, Ebay promote itsproductsorservices Underthiscomponent,it signifies as a powerful element whichenable organisationto acquire best positioning among competingindustryina prescribed time frame. Hence, Amazonappliesbroadcast
through websites, blogs, social network,searchengine optimizationwhichempower them to reach large number of individuals towards their brand thataidfirmtoenlargeits marketshareorsizeina productive manner (Festa and et.al., 2016). televisioncommercials,web basedadvertising,billboard, search engine marketing. With the help of these promotional tools, Amazon can enrich its profitmarginratioina innovativeandadvanced mode. ProcessThis phase is relate with those which states the procedure or activity of an establishment in accomplishing the desired goal or objective in an effectual and expeditious manner. In terms of ebay, it contains effective websites or application which provides helpful data regarding products and auction services that help each individuals to fulfil their requirements in a better mode. Moreover, ebay has'DailyDeals'application which reflect discounted prices that help targeted customers to receive a Daily Deals Alert in an trenchant manner. Processisthestructure, system, procedures which lead anorganisationtoachieve increased level of productivity andproficiencyratiowithin desiredtimeperiod.In additiontothis,Amazon business functions are wholly organised and structured which empowerthemtodevelop innovative techniques as well as help them to impose novel ideas. With the help of this, Amazoncanobtainprofit maximisation with an optimal utilisationofresourcesina productivestylewithoutnay hindrances. PeopleThiselementsisrelatewith those aspect who put their best contributiontowardsan InrelationtoAmazon,it acquiresvariousrecruitment sourcethataidfirmtohire
attainment of amended ratio of proficiency and sales growth. In terms of ebay, it has highly trained and skilled workforce i.e.14,000whoarehighly dedicated and creative towards anachievementofcompany goalinastipulatedtime period. talentedandpotential manpowerwhoareableto adopt novel ideas or thoughts aswellaskeepthemselves updateinordertoattain improved level of proficiency in an economic way. Physical evidenceThis aspect is relate with outer andinnerappearanceofan establishmentwhichhelp enterprisetocapturethe attention of population towards brand. IN case of Ebay, it is headquarteredat2145 Hamilton.Moreover,ithas introducedanewfashion categoryaswellasproduct review tab that assist targeted user to find the right product at best price. This help Ebay to retain its existing customer as well as aid them to attract new customer towards brand. Thiselementplaysa significant role in Amazon's as it enable them to enhance its market share or size in a better way.Inadditiontothis, Amazin sell its product in a distinctcolourpackaging whichassistconsumerto identifyeasilyonretail shelves.Due to this,it lead Amazontogaincompetitive advantage as well as aid them to enrich its sales performance inaproductivestyle(Finne and Grönroos, 2017). TASK 3 P4 Develop marketing plan
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Marketing Plan Marketing plan is determined as a roadmap towards a business which is developed for identifying and outlining marketing tactics and strategies which can be used by a firm in upcoming time. These marketing plans helps an enterprise to assist a business in improving strategies and plans in order to achieve competitive advantage in the market. eBay Inc is launching transportation service that will provide cab facilities to people all over the world with its simple mobile application named, “ eBay cabs.” For this purpose a market plan is developed as follows- Executive Summary eBay Inc is an organisation that provides a platform to both sellers and buyers for buying and selling variety of services and products range like cosmetics, electronics, motors, and so on, online. Recently it is launching a new mobile application for providing transportation facility to its customers all over the world. For this purpose a marketing plan is developed which covers its mission, vision, objective, budget and use of various models (Foxall, 2014). Objective Mission The mission of eBay Inc for launching this mobile application is to, “ To attract large number of customers by providing them high quality facilities.” Vision The long term vision behind launching of this mobile application is, “To become the most popular and trustworthy e-commerce company by beating its competitors.” Objectives The objectives behind launching this mobile application are- To increase company's market share by 15% in upcoming year by investing in various promotional activities.To enhance sales and profitability of a business up to 10% in upcoming year by providing quality service (Papadas, Avlonitis and Carrigan, 2017). Situation SWOT Analysis
SWOT analysis refers to internal and external factors that has impact upon business operations and productivity of an organisation. This analysis can be used by eBay Inc to formulate market plan in an effective manner and to analyse competitive strength of this company. StrengthsWeaknesses This enterprise has good reputation in the market as it is the largest internet market in the world. Due to which it caneasilypromoteitsmobile application in the target market. Another strength of this e-commerce organisation is that it has maintained good relations with its customers by taking feedbacks from them (Išoraitė, 2016). Thebasicweaknesswhichthis enterpriseisfacingistechnical malfunction due to which customer's ordersareoftenmisplacedand delivered to different places. It do not provide full information about itsproductsduetowhichmany customershastrustissueswiththis company. OpportunitiesThreats Thisenterprisecanexpandthis transportationfacilityservicein countries like Japan by which it can expanditsmarketshareand profitability. It can also form acquisition with other firms for its services and products. The threat which can be seen with this enterpriseisitscompetitorssuchas Amazon, Flipkart, and so on. These e- commerce companies are developing to a large extent which can be a threat for eBay. Strategy Segmentation, Targeting and Positioning (STP) strategies: STP model helps the enterprise in dividing market into subgroups, target customers and positioned their products and services in customer's minds. eBay can use this model in order to formulate this market plan in an appropriate manner as follows- 2
Segmentation:This refers to distribution of market in various sub groups such as demographic, psycho graphic, behavioural, etc. This mobile application named eBay cabs is segmented to psychographic segmentation as lifestyle of people are changing and they want to travel in comfort which can be possible with cabs. Targeting:This means that the goods and services produced by a company must be developed towards a specific range of customers. eBay is launching this mobile application which is targeted to those customers who prefer luxurious short term travel and have busy life. They can easily book can with its mobile application with just one click. Positioning:This refers to creating an image of a product or service in customer's mind. In this regard, by launching this mobile application, eBay is creating an image of saving time and fast service by this mobile application (Khan, 2014). Forecast Budget MARKETING BUDGET (£) PARTICULARSIst YearIInd YearIIIrd YearIVth YearVth Year Initial money19006200121001406019870 Investment920010400237303153013450 TOTAL1110016600358304559033320 MARKETING OUTLAY Promotion46461359449317751111 Sales publicity126570023521392950 Direct selling2135180045519004334 TOTAL784638591159641676105 Control Monitoring and Controlling After formulating a marketing plan, it is the responsibility of the organisation to monitor the plan continuously to make sure that all the activities are done properly. Moreover, it can also 3
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control those activities which are not worth while formulating this plan. In order to launch this mobile application in the target market, this eBay must indulge itself in various promotional activities to make sure that all customers must be aware about this service (Meredith, 2016). CONCLUSION It has been summarised from the above explained report that the marketing division plays a vital role as it assist establishments to identify the need or demand of market and based on that they take corrective course of action. Due to this, company can place their product in a better place at right time that lead them to attain improved level of profitability in a better manner. Along with this, in firm there are various sections which contain their own set of roles and responsibilities and also marketing function is linked with other divisions that benefit firm to satisfy customer in an amended way. In addition to this, marketing mix help organisation to adopt required technologies as well as empower them to allocate the resource in a proper manner that lead enterprise to attain increased ratio of sales growth. In addition to this, marketing plan is an trenchant tool that lead an enterprise to enlarge its marketsize and also can strengthen their brand value among competitors in an innovative and productive style. 4
REFERENCES Books and Journals ALHAKIMI,W.andQASEM,A.,2014.TOWARDANUNDERSTANDINGOF MARKETING STRATEGIES IN HIGHER EDUCATION INSTITUTIONS.Euro Asia Journal of Management.24. Ali, Z and et.al., 2015. Understanding E-marketing as a Firm's Promotional tool and Its Impact on Consumer Perception.International Journal of Academic Research in Business and Social Sciences.5(3). p.365. Chatterjee, S. and Gupta, S., Information mining and e-marketing plan on real time data in cottage industries.International Journal of Engineering and Applied Sciences.4(10). Chopra, K. N., 2017. Analysis of the Mathematical Modeling and Simulation of Advanced Marketing in Commerce.Journal of Internet Banking and Commerce.22(3). pp.1-9. Erragcha, N. and Romdhane, R., 2014. New faces of marketing in the era of the web: from marketing 1.0 to marketing 3.0.Journal of Research in Marketing.2(2). pp.137-142. Festa, G and et.al.,2016. The (r) evolution of wine marketing mix: From the 4Ps to the 4Es. Journal of Business Research.69(5). pp.1550-1555. Finne,Å.andGrönroos,C.,2017.Communication-in-use:customer-integratedmarketing communication.European Journal of Marketing.51(3). pp.445-463. Foxall, G., 2014.Corporate Innovation (RLE Marketing): Marketing and Strategy. Routledge. Išoraitė, M., 2016. Marketing mix theoretical aspects.International Journal of Research– Granthaalayah.4(6). pp.25-37. Khan, M. T., 2014. The concept of'marketing mix'and its elements (a conceptual review paper). International journal of information, business and management.6(2). p.95. Meredith, L., 2016. Multiple marketing plans: an analytical template.Journal of Business & Industrial Marketing.31(4). pp.519-530. Papadas,K.K.,Avlonitis,G.J.andCarrigan,M.,2017.Greenmarketingorientation: Conceptualization, scale development and validation.Journal of Business Research.80. pp.236-246. Taneja, S. and Toombs, L., 2014. Putting a face on small businesses: Visibility, viability, and sustainability the impact of social media on small business marketing.Academy of marketing studies journal.18(1). p.249. Online AmazonMarketingMix(Amazon7PsofMarketing),2018.[Online].AvailableThrough: <https://research-methodology.net/amazon-marketing-mix-amazon-7ps-marketing/> 5