This assignment is based on business organization named Mc Donald’s which is an American Fast Food company found in 1940. It is best known for its hamburgers. Mc Donald’s is situated almost in 101 countries and more than 36000 restaurants serve 69 million customers every day.
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Marketing Essentials
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1Roles and responsibility of marketing function...........................................................3 P2 Relationship of roles and responsibility of marketing function to wider organizational concept.....................................................................................................5 P3 Comparison of ways in which the Mc Donald’s and Burger king uses elements of marketing mix to achieve organizational goal.................................................................7 TASK 3............................................................................................................................................9 P4 Develop and evaluate basic marketing plan for Mc Donald’s...................................9 CONCLUSION..............................................................................................................................10 REFERENCES..............................................................................................................................10 Books and Journals........................................................................................................10
INTRODUCTION Marketing is the essential tool in the current business organizations; it involve understanding of market, demands of clients, building cost-effective relations, consumer driven market strategy and supply quality among the consumers.Taking into consideration the significance of client relationships business organizations have realized to get towards some modern approach while setting up marketing strategies. This assignment is based on business organization named Mc Donald’s which is an American Fast Food company found in 1940. It is best known for its hamburgers. Mc Donald’s is situated almost in 101 countries and more than 36000 restaurants serve 69 million customers every day. This report focuses over role of marketing and its interrelationship with other functional unit of an organization. In addition to this, it explains about how organization makes use of marketing mix so as to achieve organizational goal. Lastly, this project also focuses on developing and evaluating marketing plan for Mc Donald’s. TASK 1 P1Roles and responsibility of marketing function The Marketing Department plays a crucial role in promoting the company and mission of an association. It serves as the face for Mc Donald’s company, coordinating and generating all materials in lieu of the business (Dibb, S. and Simkin, L., 2013).It is the Marketing Department's profession to arrive at scenario, clients, investors and/or the society, so as to create an image that represents business in a positive light. Marketing concept: The marketing concepts are alienated into five major concepts which portray the core of marketing at Mc Donald’s. These concepts of marketing entail the current as well as future trends for a prosperous marketing preparation (Pike, S., 2015.). These concepts are: production, product, selling, marketing and societal marketing concept. Production concept: This concept implies that consumers will favour products only which are highly affordable for them. Accordingly Mc Donald company produces products and srvices. Product concept: This concept lays on a fact that customers will favour only those product which offer them quality and innovative features. Accordingly Mc Donald company produces products and srvices. Selling concept: This concept lays a fact that unless the firm undertakes large effort in selling and promoting its products consumer will not purchase firms products.
Marketing concept: This concept is based on the fact of adoption of customer first approach (Blythe, J., 2012).The consumer needs and wants are taken into consideration to achieve organizational goal. Societal marketing concept:This concept is based on the fact of adopting such marketing strategy which help in delivering value to the customers. Overview of marketing process: Marketing process involves 4 major steps which as as follows: 1.The very first step is to analyze the situation so as to find out is there any opportunity available or not. 2.Second step is to formulate the marketing strategy for value proposition. 3.Third step involve taking a corrective and tactical decision. 4.Lastly, the plan is implemented and the outcomes are monitored and controlled. Al the above mention marketing process steps are essential for the Mc Donald’s company to follow so as to accomplish the aims and objectives of the company on predetermined period. Roles and responsibility of marketing function of Mc Donald Company There are some of the major responsibilities too of the marketing function of Mc Donald’s company so as to accomplish organizational aims and objective on predetermined period. They are explained below: Definingand managing brand:It’s the major role of marketing manager of Mc Donald’s company to defining what the company is, for what purpose company stand and how company acts. Producing marketing and promotional materials:Its role ofmarketing manager of Mc Donald’s company to generate the materials that depict and promote company core goods and services. To keep website of company up to date:Company website is frequently the first rest public visit for gathering information about the company (Wirtz, J., 2012).It’s the role of marketing department of Mc Donald’s to keep Web content current, and should also ensure that company site comes up promptly when people searches for business. Monitoringsocial media:Marketing manager of Mc Donald’s should, handle and maintain company social media pages (Baines, P., Fill, C. and Page, K., 2013).In addition to this, the other role is to manage accounts and cautiously watch what’s being posted about the company online. Producing internal communications:Mc Donald’s company workforce needs to understand about company, its principles, its aims and its priorities (Papasolomou, I. and
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Melanthiou, Y., 2012).Marketing function of Mc Donald’s is frequently responsible for workers interactions through a circular and/or intranet. Strategy:It’s the responsibility of marketing manager of Mc Donald’s company to set marketing strategy in line taking into consideration overall company objectives. Market research:It is the key responsibility of marketing manager of Mc Donald’s company to conduct market research. As research help the company to identify opportunities and to understand about customer’s needs and preferences. Product development:It’s the key responsibility of marketing manager of Mc Donald’s to work with product development team so as to develop new products and to improve the existing one. Sales support:It’s the responsibility of marketing manager of Mc Donald’s company to provide support to the sales department with high quality leads (Lane, P., 2015).This can be done by advertising the product through coupon, telephone, websites and may more techniques. P2 Relationship of roles and responsibility of marketing function to wider organizational concept Marketing function can be defined as the roles of the company which helps to recognize and source potentially successful goods for market and then helps in its endorsement as well. These functions are universal in organization and basically consist of market research, promotion, sales support, product development plan, customers services etc (Purvis, J., 2015). The marketing function of Mc Donald’s company consists of various responsibility and functions which are responsible for the successful growth of the business. The marketing function consists of product development team, marketing research team, finance team, human resource department, sales support system etc. Whereas key roles and responsibility of marketing function are communication, planning, selling, promoting, distributing, financing, market research and many more. The marketing function of Mc Donald’s company has a key role in the business concern. There is a close relationship of marketing function of Mc Donald’s company with other organizational function in an organization which is explained below:
Figure1Marketing function Source:(Lewis, 2013). The interrelationship of marketing function with others organizational functions can be explained as under: Marketing and Finance department: In order to create awareness about the product and services in that market it is essential to have enough of finance. As well as marketing function require enough of economic resources for planning, research and for making strategies and its is provided by the finance department (Pike, S.D., 2016).Thus, it can be said that both the marketing and finance department are interrelated with each other. Marketing and Production department:Marketing function of Mc Donald’s require accurate description from the production department regarding products and services of the company so as to provide accurate marketing plan. Thus it can be said that marketing and production department are interrelated with one another. Marketing and Human resource department:Marketing function also require some HR from the human resource department who can easily influence and attract customers for their products. So it’s the responsibility of HR department to select and retain best worker for the company. Thus it can be said that marketing and HR department are interrelated with each other.
Marketing and Sales department:In order to increase the sales revenue of sales department it is essential o market and advertise the products in the market and it is not possible without the help of marketing department (Baker, M.A. and Magnini, V.P., 2016).Thus both the marketing and sales department are interrelated with each other so as to accomplish organizational goal. Overall it can be concluded that if the marketing function are not related with other department or are not aware about the production or inventory department then the Mc Donald’s have to suffer from blunder loss. TASK 2 P3 Comparison of ways in which the Mc Donald’s and Burger king uses elements of marketing mix to achieve organizational goal The marketing mix refers to the strategies that a company uses to reach target consumers, in terms of products, place, promotion, price, people, process and physical evidence. Given below is the comparison about the ways in which Mc Donald and Burger King uses elements of marketing mix so as o accomplish organizational aims and objectives. Marketing mixMcDonald’sBurger King ProductMcDonald’s is one of the world’s top fast food restaurants. It focus on selling burgers, fries, chicken & sandwiches, , desserts & shakes, salads, and drinks. It provides consumers with a variety of options. For example, Egg McDuffie, Hotcakes, Hash Brown, Double Quarter Pounder with Cheese, Hamburger, Cheeseburger, Vanilla Shake, Vanilla Cone, Strawberry Sundae, and MacAfee, Frappe Mocha are some of the products offered by McDonald’s. Burger King produces hamburgers, cheeseburgers as well as Fries, Onion rings, Coffee, Juice, cookies and pies. Burger King renders many options including fries or onion rings, cheese ketchup, mayonnaise tomato, pickles, and onion. PriceCompanies use a wide range of pricing techniques to sell their products. Cost plus pricing, price discrimination, and many more popular pricing techniques. The largely aim for McDonald’s restaurant is to supply food at a competitive worth driven price for the clients. Burger King uses penetration pricing strategies in order to attract more number of new customers as well as to give stiff competition in the market. In addition to this they charge quite affordable price from their customers. Beside this they implement pricing policy which caters to the customers. PlacePlace refers to allocation of its products to its customers. McDonald’s have Burger King occupies primary locations and operates its
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diverse distributions strategies in all over the world. Mc Donald offers home delivery in some countries and is open 24 hour a day. business via franchise. It is situated in almost in all big cities, malls etc. PromotionMcDonald’s restaurant uses television, newspapers, magazines, the Internet and other media outlets to create awareness with its customers. The company uses differenttechniques of sales promotionas well. For example. The restaurant also offers discount coupon and freebie for certain products. Burger King uses social media in order to generate awareness about their goods and services to their existing as well as new customers. They providepicture of product on paper nuts sited in the trays. ProcessProcess refers to a set of actions performed so as to attain something. The food research at McDonald’s is wholly transparent i.e. the whole method is visible to the clients. Along with this customers are allowed to enter the production department so as to check the ingredients used in their products. A Burger King focus on processing health product for their customers taking into consideration customer health product is being produced. Along with this they uses most efficient cooking equipment. PeopleAround 97,000 people work in McDonald’s in UK. People aspect is the addressing issues and Mc Donald concern about both customers and workers. In addition to this Mc Donald has standard uniform for workers in order to render equality service treatment. Burger king taken into consideration customer perspective and accordingly produce products so as to satisfy customers. In order to motivate workers they render them stars as per their performance. Physical Evidence The last element of the marketing mix of McDonald’s is substantial evidence which refers to the essentials of the physical surroundings guests and customers knowledge. McDonald’s interiors are attractive and the restaurant Burger King is in the practice of reinventing its picture via key changes in its interior decoration. Its new restaurants will quality modern, box-like architectural lines and urban-
maintains clean and hygienic interiors of its outlets. industrial structure resources, including ridged metal. TASK 3 P4 Develop and evaluate basic marketing plan for Mc Donald’s Evaluation of marketing plan of Mc Donald includes following steps: Executive summary: This report is about the exhibition of marketing plan for McDonald’s items; with allusion to more offerings the description demonstrates the planning that in what propensity Mc Donald tender new items in the commerce sector (Nguyen, B. and Simkin, L., 2012).This report demonstrates that McDonald in addition to is hamburger it can also render other related high impact items to its customers. For new offerings Mc Donald can build up other media other than plugs, they can go for online networking so as to advance its new products items. This ill help in development and growth of the companyin different nation too. Introduction of Mc Donald: McDonald'sis an Americanfast foodcompany, developed in 1940 by Richard James Mc Donald. Itis the world's largest restaurantserving over 69 million clients daily over 101countries (Desai, S.S., 2013).Although McDonald's is famous for its hamburgers, in addition to this they also trade chicken products,French,breakfastitems and desserts. Mission: The mission of Mc Donald Company is to make improvement in operating activities and in addition to this to enhance customer experience. Vision: To be the world best service rendering restaurant is the vision of the Mc Donald Company. Marketing objectives: The main marketing objective of Mc Donald is to serve good food to their clients so as to achieve great value in a friendly environment (Smith, A., 2014). In addition to this their other objective is to provide favorable return to their shareholders. Segmented, Targeting and Positioning (STP):Mc Donald has segmented their products on the basis of behavioral, demographic and psychographic nature of kids, students and family.
Mc Donald emphasizes on their targeting techniques by introducing some new s well as modified product which contain low cholesterol so as to target and attract more new customers. Mc Donald has started positioning according to the kids by introduction of advertisement of toys with their products like; “Happy meal” as well as taking into consideration teenage and adults they are positioning their products. SWOT of Mc Donald: StrengthWeakness It has its worldwide presence in the form of clear brand image. To achieve its cost reduction strategies it perfectly uses its economics of scale. It is slow in the matter of product innovation. Unhealthy food menu. OpportunitiesThreats McDonald can catch up its product innovation strategy. International expansion opportunities are still available. Trend towards healthy eating is major threat for Mc Donald. Local fast food restaurant is the threat to Mc Donald. Monitoring and Controlling: This is the last step during the evaluation of marketing plan of Mc Donald. It’s the major responsibility of the manager of the company to get to know about the working progress about the company (Khan, M.N. and Adil, M., 2013).The manager of the company should timely monitor and controls the procedure taking place during carrying out various operational activities.This will help the company to run smoothly so as to accomplish organizational goal. CONCLUSION Overall from the above project it can be concluded that marketing department is the major and crucial department for every organization in order to achieve predetermined aims and objectives. So it’s the major responsibility of the manager of the company to take due care about what all things need to be carried out in order to make marketing successful. It’s the marketing department who helps in creating awareness about the availability of new or the existing products in the market.
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REFERENCES Books and Journals Dibb, S. and Simkin, L., 2013.Marketing essentials. Cengage Learning. Pike, S., 2015.Destination marketing: essentials. Routledge. Blythe, J., 2012.CIM Coursebook Marketing Essentials. Routledge. Wirtz, J., 2012.Essentials of services marketing. FT Press. Baines, P., Fill, C. and Page, K., 2013.Essentials of marketing. Oxford University Press. Brassington, F. and Pettitt, S., 2013. Essential of marketing. Papasolomou, I. and Melanthiou, Y., 2012. Social media: Marketing public relations’ new best friend.Journal of Promotion Management.18(3). pp.319-328. Lane, P., 2015. Human resources marketing and recruiting: essentials of employer branding.Handbook of Human Resources Management. pp.1-30. Purvis, J., 2015. Human resources marketing and recruiting: Essentials of digital recruiting.Handbook of Human Resources Management. pp.1-19. Pike, S.D., 2016. Destination Marketing Organizations–Research opportunities in an era of uncertainty. InBook of Abstracts-6th International Conference on Tourism. International Association for Tourism Policy (IATOUR). 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. Nguyen, B. and Simkin, L., 2012. Fairness quality: The role of fairness in a social and ethically oriented marketing landscape.The Marketing Review.12(4). pp.333-344. Desai, S.S., 2013. An Analysis of the Competitive Marketing Strategies of the Hospitality Industry in UAE.IUP Journal of Management Research.12(1). Smith, A., 2014. Breaking the chain: The screen industry and disintermediation.Metro Magazine: Media & Education Magazine. (182). p.104. Khan, M.N. and Adil, M., 2013. Data analysis techniques in service quality literature: Essentials and advances.Serbian Journal of Management.8(1). pp.95-112. https://www.locusassignments.com/solution/unit-2-marketing-essentials-assignment-solution