This essay examines the marketing functions and responsibilities of Cadbury, a confectionery company, and compares its marketing mix to that of Nestle. It also includes a detailed marketing plan for Cadbury, outlining its objectives, strategies, and budget.
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MARKETING ESSENTIALS
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Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1 Key roles and responsibilities of the marketing functions for the Cadbury......................1 P2 Role and responsibilities of marketing relate to the wider organization context..............3 TASK 2............................................................................................................................................4 P3 Way of comparison in which organisation use elements of the marketing mix of 7PS to achieve overall business objectives........................................................................................4 TASK 3............................................................................................................................................7 P4 Marketing plan..................................................................................................................7 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10 Books and Journals........................................................................................................................10
INTRODUCTION Marketing refers to the set of activities and some steps for creating, delivering and exchanging offers or communicating that is very important for customers, clients, employees and society to achieve a specific goals and objectives in a effective manner. It also involves in research of marketing, advertising and so many things which are profitable for companies. This report is based on Cadbury, which was founded in 1824 in England by John Cadbury. It is a type of subsidiary and deals in a confectionery items globally, their headquarters in Uxbridge, London. This study includes in various information about roles and responsibilities of marketing department and their functions which supports the organisation (Baker and Saren, 2016). Moreover, it identifies the marketing departments of various areas in the Cadbury. This report also differentiate marketing process and 7ps of marketing essentials with the competitive brand like Nestle. Lastly, creates a future plan for an organisation. TASK 1 P1 Key roles and responsibilities of the marketing functions for the Cadbury. Marketingidentifiesthevarioussetofactivitieswhichisadoptedbythe organisation in order to promote their goods and services. It also focuses on the marketing roles and responsibilities. Along with this marketing functions for the company (Baker and Magnini, 2016). Roles and responsibilities: ď‚·Cadbury plays a vital role in marketing area and meeting customer needs and wants. Where its responsibilities to ensures the high class service which is given by their staff to its customers within the all operational area in the marketplace. ď‚·An organisation work with the top management level where top management decide the marketing plans or policies which is good for the customers and it is responsible for reduce problems related to its product. ď‚·Cadbury is also responsible for the coordinate with their staff members and their activities in a effective manner, so that they can easily manage their organisation in a attractive way. ď‚·Company is very much responsible for fulfil the customer needs and demands in a effective way. Along with this updated new design and shape of their chocolates. 1
Cadbury is a UK based company which provides rich quality of chocolates to their customers globally. Its chocolates are very much tasty and popular which increase the large number of sales in the market or satisfied customers needs and requirement in a effective manner. As per this it has been evaluated that company uses various marketing functions from different departments these are as elaborate below: ď‚·Market information:As per this first function of marketing calculate overall market essentials in order to analyse the needs and wants of the customers. It also identifies services of product which are offered by Cadbury in order to check quality of the product in a effective manner. ď‚·Marketing plan:In this function, organisation includes in various aspects such as promotion, level of productivity and different activities of the market. Biggest target of marketing plan is to maximise presence of the Cadbury in marketplace (Campbell, Martin, and Fabos, 2018). ď‚·Product design and development:In context of Cadbury, the head of the department focuses on actual market where every individual wish for new design of chocolates. Apart from this they take appropriate decisions which can satisfy their customer needs and wants. ď‚·Financing:In this function, team members regulates different activities of marketplace that is related with finance. Where manager of the Cadbury prepared a final budget of their product and keep data safely. It also consider about good relationship with retailers for future growth of the company. ď‚·Distribution Channel:It refers to the some activities which are includes in storing and transporting of goods and services. In the context of Cadbury, company can hidden there warehouses from every country in order to delivering of goods and services in a effective manner. ď‚·Exchange Functions:This is the main function of marketing department is to buy or sell product inthe company. In this, team members of marketing departments evaluate overall situation of market in the process of understand actual demand from customers. It also participate in goods and services of the industry accordance with the customer demand. It also involves in personal selling and promotion of sales for achieving customer attraction towards the brand. 2
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Therefore, these functions or responsibilities are very much important for the Cadbury in making good relationship with customers and provide them good quality of product that can maximise the future growth of the company in a systematic way. P2 Role and responsibilities of marketing relate to the wider organization context. Every organisation plays a vital role through the various department of marketing for increasing growth of the company. Marketing department of Cadbury is interrelated to different organisationaldepartmentswherelotofcountriescontributesinthedevelopmentofthe company. This is because marketing department is only the one department which is interact with customers or another people for achieving goals and objectives in a effective manner. Interrelationship of marketing department with other department of Cadbury are given below: Marketing and Human resource:In this, team members from marketing department is responsiblefordeliveringgoodsandservicesandotheractivitiesofanorganisationat marketplace. This also focuses on the brand image and financial statements in the organisation. It also attracts those people who are looking for a job in the industry. In regards of this, Cadbury hired these people in order to complete their job vacancies. It totally depends upon the HR department of company as if marketing team will not goodwill then any candidate will not agree to work in this company. Marketing and Finance:Marketing department of company helps in finance department through increase the value of Cadbury. It will also maximise large number of customers as people are aware about the company. All these system attract the consumers towards their fund for company as increasing in the sales. It also helps to finance department to assign funds for different department which will help to company in performing business function or activity in a efficient manner (Duffett, 2017). Marketing and Production:In this interrelation, marketing department of Cadbury concern about the customers need and want to the production department in order to create about customers expectation. It helps to production team to remake their product as the customer requirement. It savesthe wastagematerialand manufacturing amounts on the behalf of customers. Department of production system make extra product and give extra time excluded the company hours. This attracts the independences and marketing department in the company. Marketing and Research:In this interrelationship context, Research departments of Cadbury store all the correct information about the targeted customers in the company. It 3
receives information which is used in analyse the needs, wants and purchasing power of the customers (Kayabasi and Mtetwa, 2016). According to this result marketing department create effective plan which is also used by their team members in order to affect focus of customers towards the company. It also lead marketing team in a better way by which they can represent Bradbury's product to the consumers as per their wish or requirement. Therefore, marketing and research both term shows their interrelationship in the Cadbury. As per the above interrelationship in various departments has been analysed that each department interconnected within the marketplace. It also has good coordination from all the departments, so that it is easy for company to achieve particular goals and objectives. External environment impacts marketing: The external factors that affects marketing are the forces that are uncontrollable factors present outside the organisation. The various uncontrollable factors which affect the marketing of cadbury are government policies, social culture, demographic factors, competition and technological changes. B2B and B2C marketing: These are two forms of commercial transactions. These processes are used for selling products and services to business as well as customers. These business differ in scope, complexity, scale and cost. Thus, it is important to implement right system for the customers. TASK 2 P3 Way of comparison in which organisation use elements of the marketing mix of 7PS to achieve overall business objectives. It analyse the marketing mix of 7 PS which are very much required for an organization to evaluate the customer needs and want. According to this, organization should take very effective decision for satisfying their customers in a positive way. Purposefully, this concept will maximise customers loyalty for the company and also compared with other industry. 4
Marketing mix 7ps BasisCadburyNestle Product ItisaBritishmultinational confectionerywasestablishedin 1824, England. It deals with tea, coffeeandlotof candy brands. Thisusesmilk in high quantity within their recipes of product as compare to their rival competitors. It was founded in 1866 in Vevey, Switzerland by Henri Nestle. It is a FMCG industry at high level of world. It offers chocolates, product frommilkanddifferentfood items. It also produces their own magi noodles which is famous in the food companies. There are various pricing strategy thatCadburyusesfortheir products. Dairy milk chocolate of Cadburycomesinmarketwith reasonable price and also targeted Theirpricemarketingisbased upon the own market. Nestle deals with coffee and Maggie and so on but these both components are the leaders in the market in term of 5
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Pricecustomers in every situation of the market. price and competitors. Increment ofpricedidnotinfluencetheir customerattentionbecauseof companyoffersgoodqualityof product. Place Cadburyproductsareavailable across the world. Their products are available in both urban or rural areas. In this, place have made the availabilityofproductin everywhere in the world (Morgan, 2016). This strategy always shows the distribution of place in various marketing mix of the company. The distribution strategy of Nestle is very good for the distribution of channel with effective marketing essentialsandattractivesales network. An organisation presents the200countriesaroundthe world. In this, Nestle stores are available in very low distance. Promotion Itplaysavitalroleinthe marketingmixdepartmentof company. There are various ways formakingawarenessand promotingtheirproductslike digital channels, newspapers and so on. It also uses ATL or BTL marketing but BTL marketing is the best way as compared to other channels. The Nescafe is the instrument of nestle that is well known tune in the history of advertisement which was introduces two decades back. Therefore,thistypeofnestle increasethecustomerrelation towardsthebrandbecauseits provideexcellentqualityof Maggie and coffee in a efficient manner. Process Company mostly analyses process ofCadburyinwhichtheycan executetheirbusinessactivities. The company also adopting new technology and various strategies toachieveconsumergoalsor TheprocessofNestlewantto minimise the level of wastage. An organisation also try to make more effortforgainingcustomer satisfaction and company allocate their resources accordingly. 6
objectives (Nirschl and Steinberg, 2018). Physical Evidence Company maintain their physical evidence through adopting proper cleanness in their stores. It helps in attractinglargenumberof customers in a efficient way. Nestleusingveryattractive interior as its physical evidence. It also helps in gathering customer confidence towards the brand. People Anorganisationconsidertheir employees as a people in order to provide induction, training period and session classes to them. It also analyse their people that how to deals with goods and services in a proper manner, Whereas, Nestle gives preference to their customers or employees as apeople.Anorganisationhas around323000employeeand basically targeted small age group ofpeoplelikechildrenor youngsters. As per the above marketing mix channels or process Cadbury follows these type of marketing channels in order to achieve higher level of customer satisfaction in a peaceful manner. It also present the differentiation about Nestle company. Wherein both companies are very different from each other through various channels of marketing mix. There is only the one of important thing about companies that they want to achieve customer satisfaction level and fulfil their customer demand or need as per the basis of their requirements. Marketing planning process at Cadbury: Cadbury is a leading chocolate company which is making effective plans and strategies since years to be competitive in market. Market penetration strategy is followed in cadbury. It usually finds new market segment and expand its business in that area. TASK 3 P4 Marketing plan Marketing plan refers to the comprehensive documents or blueprint that outlines the efforts for marketing and advertising for future scenario. It also identifies the business activities which involves in completing particular marketing objectives with in the given period of time 7
from the companies. In the context of Cadbury, its marketing managers have implemented essential or effective marketing plan for the industry, which will help in organisation to perform their activities or various functions accordingly, In order to achieve their targeted goals and objectives in a effective manner. There are some plan or strategies which is made by the company, these are given as under: Overview of the company: Cadburyis a multinational brand which deals in a confectionery items. It was established by 1824 by John Cadbury. This company provides chocolates products which are made by pure milk to its customers. Their products are available in such varieties like caramel chocolate, dairy milk and fruit and nut chocolates so on. Manager of company offers big certain discount to their consumers in order to maximise their sales for the future (Pappas, 2017). Mission:Cadbury trust in working with a team to generate the quality of the product with the attraction of customers towards brand. It also concern about brand position in marketplace. Vision:To increase the trust of their brand in front of the people through discrimination and on the basis of principle of social justice for all. Marketing objectives: ď‚·The main aim of company to increase sales by 15% in five months. ď‚·To generate Cadbury Dairy Milk Butterscotch Crunch for maximising share market through 20% in next 2 years. ď‚·Introduce the various product in Indian market within the six months of time. STP:It is considered the process of three approaches which helps in creating effective marketing plans. Through these processes company classifieds their overall market on the behalf of various segmentation. After this segmentation process an organisation targets potential customers from segmented area according to the requirement or demands from the customers. Lastly, position of the desired product is executed (Rancati, Gordini and Capatina, 2016). There are different segments programmes are given below: Segmentation:According to this process there are classification of every market which helps is achieving customer satisfaction towards the product. It is done by the basis of four components such as geographic, behavioural, psycho-graphic and demographic approach. In the context of Cadbury, their classification of customers on the basis of demographic segmentation. 8
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Targeting:As per this, after selection of the segmentation market, the organisation target customers on the basis of their needs. The manager of Cadbury also target youngsters or children as they always offer celebration pack in every festival or any occasion. Positioning:In this, the company's product position is based upon the needs or demand of the targeted customers. For Cadbury, its firstly promotes their goods and services at marketplace and launch new product in future. SWOT analysis for Cadbury: StrengthWeaknessOpportunitiesThreats 1.Itisatopmost chocolateprovider companywith attractiveprice accordingtothe customers demand. 2.The main strength ofCadburyistheir customershavehigh levelofconfidence towards the brand. 3.It is a well stabled market with excellent variety of products. 1.It is very tough for companytoprovide training all the time to their employees. 2.Therearelackof penetration in the rural market. 3.At the present time people are very much consciousabouttheir healthwhichbound them to eat chocolates or any product provide by the company. 1.Companyshould increasestheir presence in rural areas asitisahuge segmentswhichwill helpsincompanyto achievingtargeted goals and objectives. 2.Companyshould celebratetheirall festivals or occasion in India. 3.Cadbury should also maximise their market salestograball opportunities. 1.Company have competitionfrom Amul and Nestle. 2.Sometimes, consumerchanges theirpreferenceor tasteofother substituteslikesweet dishes and deserts. 3.Existingfirmsare enteringwithvarious varietiesofproduct whichmakesa competitionin Cadbury. Marketing Budget: ParticularsFirst yearSecond yearThird yearFourth year Initial money8000500050005000 Investment10000900070005000 9
Total:18000140001200010000 Marketing outlay16000200020006000 Promotion3000100040002000 Sales Publicity2000200010001000 Direct selling5000200010001000 Total:260007000800010000 Monitoring and Control: After the evaluation of marketing budget, it is very important for head of the department or HR manager to each and every function on the basis of regularity. The main purpose of this step is to control undesired issues or other expenses in the process to save money of company which can be continuously used in effective areas of the company. In the context of Cadbury, that identifying the whole activities plays by the marketing department in the company, that is also required to be control or regulated by time to time. As per the result organisation can easily achieve there targeted goals and objectives in a effective manner. It also helps in making brand loyalty in front of the customers (Stern and Porr, 2017). Market share analysis is the market analysis which shows the position of the company when compared to its competitors. Cadbury is competing with its competitors like Nestle, Kraft and Mars-Wrigley. It has expanded its market share with time. 10
CONCLUSION From the above representative report, it has been concluded that process of marketing are very beneficial for the company in a effective manner. It also helps in maximises sales of the Cadbury. Apart from this, it also analysed various functions of marketing which helps industry in improving production level of the Cadbury. As per this report it can be said that marketing department interrelation with all different departments is such a great thing. Along with this marketing plan helps in industry to implement their pre planned function or activities in a influencing way, which increases the sales of company and also maximise profit or increase the customer satisfaction towards their brand. Recommendations It has been analysed from the above analysis that Cadbury should keep its brand value by offering quality products to its customers. This will help in maintaining its profitability and makes it competitive in market. It is operating globally so it should expand more markets in new countries and increase its sales. REFERENCES Books and Journals Baker, M. A. and Magnini, V. P., 2016. The evolution of services marketing, hospitality marketing and building the constituency model for hospitality marketing.International Journal of Contemporary Hospitality Management, 28(8), pp.1510-1534. 11
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