Contents TASK 1.....................................................................................................................................3 P1. Roles and responsibilities of the marketing functions..........................3 M1. Analysis of roles and responsibilities of marketing..............................5 P2. Interrelation of different organisational department with marketing functions.....................................................................................................6 M2. Analyse the significance of Interrelationship..........................................7 D1. Critically analyse and evaluate the elements and functions of marketing and how they interrelate with other functional units............7 INTRODUCTION Marketing is an important tool in business era, as it involves understanding of market place, requirements and demands of customers and marketing strategy for business (Perreault, 2018). Marketing refers to the study of managing and exchanging the relationship among customers and companies in order to ensure satisfaction of both (The Role of Marketing, 2019). It is a major component for every organisation for gaining quick growth and success. The current market within the global business environment is emphasising more on marketing their offerings effectively (Perreault, 2018). Businesses need to understand the importance of customers and try to be innovative in the market. This assignment is in the context of Coca cola which is an American multinational company and deals in non-alcoholic beverage and syrups, headquarter in Atlanta, Georgia, U.S. It includes the roles and responsibilities of marketing functions and how they relate with organisation. It describes that the company is investing in a new product and want that the members of company also involved in it. It also describe that how roles and responsibilities of marketing is related to various departments of organisation and also analyses the interrelationship among the functional units of an organisation. It also make comparison of an organisation with its competitor by applying the marketing mix in order to achieve the objectives of business and finally it evaluate the marketing plan for an organisation which helps in achieving the success and cover risk factor for its new product. 5
TASK 1 P1. Roles and responsibilities of the marketing functions Marketingisauniversalprocesswhichinvolvesbuying,selling, transportation,financingandmanymorewhichhelpsinsecuringthe marketinginformation(Eng,2017).Thesefunctionsarecommonin organisations and includes market research, planning of product, sales, promotion, finance etc. By these functions company can easily expand its business in various countries. There are some roles and responsibilities of marketing functions: The first role of marketing isstrategic marketing plans, it is a document which involves strategies, policies, objectives and many more. In this plan these elements are discussed which should be implemented or considered by the marketing department. Marketing plan is beneficial for the marketing department in conveying the different aspects of product to employees and other departments as well. Marketing department of every organisation develops the marketing plan in aligning with the organisational strategies (Baker and Magnini,2016). Plans and policies are essential because it helps in success launching of a product and Coca cola use this functionbeforelaunchingitsnewproductinmarketandknowthe requirements and taste of their potential customers. Second role isbrand value, Brand is a representation of products, services and company's shares. Branding is a kind of marketing strategy which is managed by the CEO or the senior management and marketing heads as well. Moreover, marketing department is responsible for creating the image and ideas that communicates the brand values in an appropriate way. Every organisation must ensure that the marketing department must convey these ideas in a consistent and unified manner (Haywood, 2019). It is considered asthegoodwillwhichhelpsinattractingthecustomerstowardsthe company. It is used by companies to develop their customer base and retain them for long period of time. Coca cola use this method as they have good brand image across the world which helps in success launching of their new product. Anotherroleispromotionalstrategieswhichdepictsthatthe marketingdepartmentshoulddevelopthesestrategiestocarryout promotions to attract the customers. These strategies revolves around the budget, targeted audience and action plan. Therefore, Coca cola need to determine the trends among customers by observing them on social media for developing their action plan (Rudden, 2016). Also, company need to focus on the social campaign for creating awareness among customers regarding their product. It is considered as the social strategy in which companies attract people through emotionally or persuade them. It is a kind of open promotion which is more useful in attracting customers to purchase products. Coca cola use thisas it is helpful in increasing the productivity and performance of an organisation. 41
Its another role isproduct designing and development, as it helps in attractingthecustomerstowardsanorganisation.Itisperformedby marketingdepartmentinordertoattainthecompetitiveadvantageof business environment. In modern era, both cost and design of the product matter for the customers as it helps in developing the customer base. It is a process of strategies and tactical actions which helps in generating the new ideas for product or innovation which helps in designing the product. Coca cola use this while designing their products such as bottles, labels, slogan which helps in increasing the customer base. Moreover, instead of moving or changing its label, coca cola decided to develop the family of cokes. Storage or warehousingis also the role of marketing, which depicts the difference between the consumption and production of goods. It is an important function of marketing as it states that companies should store their products and services for the future demand of their customers as demand is uncertain. Storage of goods are necessary in order to avoid delay in the delivery of products and services. This function is not only for the manufacturers, but also for the retailers and wholesalers. Coca cola use this in order to store or keep their products for the future purpose.Moreover, it helps the company in stabilising its prices by analysing the fluctuations and facilitating the even supply of their offerings. Last but not leastcustomer support service, if an organisation want to get success in the market then, customer satisfaction is their main objective because customer is the king of the market. Therefore, every organisation need to perform various marketing functions in the context of customers such as after sales services, handling customers complaints and information etc. These services helps the organisation to build a loyal customer base. For Coca cola, their customers matter for them as they will decide the success or progress of business. Hence, company need to retain their old customers in order to build new customer base. Roles and responsibilities of marketing in marketing environment Marketing departmentplays various roles and responsibilities for ensuring the success of organisation and customer satisfaction (Pappas, 2017). This department is also responsible for performing several roles in the highly competing marketing environment so that it can provide resources to the organisation for staying ahead of the rival firms in the market. Some roles and responsibilities are discussed below: 23
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Its first role isdefining and managing the brand, it includes defining the aims, vision, mission and objectives of the company. It is important to attract the customers so that they do not purchase the products of rival company. Marketing department organise the campaigns for improving the brand image among the customers. Here, marketing department should define and manage the brand and for this they need to make proper plan and policies which is helpful for them in launching their products successfully. Moreover, it helps in eliminating the risk factor which helps in attaining the competitive advantage. Second ismarket research, this role is perform to determine the requirementsofcustomers.Thisresearchisusefulindeterminingthe demand and expectations of the market from the company through which the offeringscanbesupplied(Chinn,2017).Toconductthisresearch, marketing managers hire professionals. It is the foremost responsibility of marketing department to conduct research which is useful as it determines the behaviour, requirement, taste and demand of customer and by this, it becomes easy for themto launch theproduct. This research involves gathering and organising the required information which is necessary in order to target the market and also in gaining the targeted marketplace. M1. Analysis of roles and responsibilities of marketing The above discussed roles and responsibilities are essential for marketing manager or department in order to launch the product with less riskortogainthecompetitiveadvantageofbusinessenvironment. Marketing is the way which helps in analysing the opportunities of market. Marketingfunctionsarecommonintheorganisationsasitinvolves marketing research, plans, promotion, customer service and many more. These functions include various responsibilities of the company and also responsible for the success of the company. These functions have various roles which promote growth of the business. These roles and responsibilities which are performed by marketing department of coca cola helps them in attaining sustainability and profitability of the marketplace.
P2.Interrelationofdifferentorganisationaldepartmentwithmarketing functions In every organisation it is necessary for the marketing department to coordinate with other departments because by this coordination, marketing as well as other departments can work effectively and efficiently and can achievetheirdesiredorganisationalgoals.Interrelationofmarketing department with other departments are as follows: Marketing and HR department:HR department is responsible for therecruitmentinanorganisationregardingthevacantpostwhereas marketing department promotes job vacancies on different platforms to attract the customers (Caragher, 2016). Both the department need to work in coordination in order to gain the success for business because departments areinterdependentoneachother.Therefore,inCocacolaboththe departmentsfulfileachothersrequirementasHRdepartmentprovide capableworkforcetomarketingdepartmentandensuretheirproper developmentaccordingtothejobposition.Meanwhile,marketing department advertisevacant position in market so that potential candidates can be attracted towards firm. It develops firm's brand image and reputation inthebusinessenvironmentwhichhelpsinincreasingthesalesand productivity of an organisation. So, to attain the organisational goals both the departments need to cooperate with each other. MarketingandFinancedepartment:Financedepartmentprovidesan adequate budget for the research and promotion of products to marketing department. Whereas, marketing department promote the products in order to increase the productivity and goodwill of an organisation (Marketing and Finance 2019). (Dessain, 2016). In Coca cola, both the departments work in coordination asfinance department provides the budget and marketing department helps in increasing the sales and revenues.Therefore, both the departments need to work closely in order to gain the competitive advantage of business environment. MarketingandProductiondepartment:Marketingdepartment collects information about the needs and requirements of the customers. For this, they do survey and prepare a report which is further forward to the production department and they uses the report in order to produce product according to the requirements of the customers within the reasonable price (Moll, 2016). These departments are interrelated with their names as if one department does not fulfil their duty then their work gets delay and it can decreasesthegrowthofanorganisation.Incocacola,itsmarketing department helps in their designing and physical appearance of products whereas production department converts the raw materials into final products which are deliverable to their potential customers.
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Marketing and IT department:IT department in an organisation look for maintaining and managing the IT equipments and data. Whereas marketing department perform their work by getting help from IT department as different equipments and software are required by marketing department (Brychkov and Domegan, 2017). In every organisation both the departments need to work together for performing their work in an effective manner. In coca cola, IT department manages the technical issues or its website for the better experience of their customers whereas marketing department market the products or advertise them in online world. M2. Analyse the significance of Interrelationship These above discussed departments are working together due to whichtheyareprovidingtheirmaximumcontributionforachieving organisational goals. This effective coordination becomes the reason by which firm gets success and due to which company successfully expand its business indifferent regions. The above discussed departments contribute their better efforts in the organisation due to the interrelation as they are getting the required information from each other due to which they properly working in their assigned task. Therefore, their interrelationshipdescribes that how effectively these departments work in order to achieve success in themarketandtheirinterrelationshiprepresentstheirimportancewith marketingactivities.Marketingisinterrelatedwithvariousother departments of organisation. Marketing department convey information to marketregardingproductsandservicesofcompanywhichhelpsin improvingsales.Financedepartmentprovidesbudgettomarketing department for running its activities in proper way. This interlink plays crucial role in growth and success of organisation. D1. Critically analyse and evaluate the elements and functions of marketing and how they interrelate with other functional units Marketing is a process which helps in exchanging the products and servicesinthebusinessenvironment.Itdescribestherolesand responsibilities of marketing manager which they need to consider or fulfil before introducing or launching a new product in the market. Various roles and responsibilities are used in order to determine the position of company and how they interrelate with other functional departments. It discuss that howtheabovediscussedrolesareimportantforthedepartmentsof organisation and how they interrelate with each other. marketing department interrelated with each other. As research is most important because it helps in analysing the behaviours, demands and need of their customers. In addition to this, there is a strong link among the marketing functions with other organisational functions of an organisation. Their interrelationship describes that marketing functions are important as they are the back up for other operational departments of an organisation and need to perform their functions effectively. Like if business organisation want to implement a marketingplanthentheyneedsupportoffinancialdepartment,HR department, production department and many more.For this, marketing department need to coordinate with other functional units which helps in smooth functioning and running of an organisation.