Key Roles and Responsibilities of The Marketing Function
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Marketing is the key function of any organization and it helps to increase the opportunity of business to increase sales and profit margins effectively.
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MARKETING ESSENTIAL
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TABLE OF CONTENT INTRODUCTION...........................................................................................................................1 LO 1.................................................................................................................................................1 Key Roles and Responsibilities of The Marketing Function.......................................................1 Interrelationships Between Marketing And Other Functional Units...........................................4 PRESENTATION........................................................................................................................6 LO2................................................................................................................................................15 Comparison on the Basis of Marketing Mix (7Ps)....................................................................15 LO 3...............................................................................................................................................19 Marketing Plan...........................................................................................................................19 CONCLUSION..............................................................................................................................21 REFERENCES..............................................................................................................................22
INTRODUCTION Marketing is the key function of any organization and it helps to increase the opportunity of business to increase sales and profit margins effectively.Marketing helps to increase the communication of the organization with its stakeholders and increase efficiency of products and services which helps improve brand value and profitability in market to compete in market. Marketing helps business to understand consumer behaviours to attain better marketing plan. Businesses use marketing strategy to compete in market and achieve competitive advantage effectively.This report discusses practical tools and techniques used to identify internal and external business environment factors which influence efficiency of marketing plan. This helps to formulate effective strategic plan with available resources.In addition, report highlights key roles and responsibilities of marketing function of Unilever and interrelationship between different marketing functions of company. Furthermore, it provides a brief study of marketing mix of two organization which have common products and service to develop effective marketing plan and increase the sales and profitability of the companies. In the end report highlights the effective strategies which can be adopted after implementing effective analysis and research and data to increase efficiency and customer base effectively. LO 1 Key Roles and Responsibilities of The Marketing Function Marketing is the process of evaluating, analysing and satisfying the needs and wants of customers with resources available in business to generate effective profit margins and improve the efficiency of customer relations(Holbrook, 2018). Unilever is consumer good business organizationwhichoperatesgloballyandalsohasneedstounderstandkeyrolesand responsibilities of their marketing function to reduce cost of operation and improve profit margins effectively.Unilever uses marketing to analyse which product and services can satisfy the needs and wants of customers effectively and improve customer base of the company effectively. Consumer behaviour analysis of customer provides better opportunities Unilever in product designing and production with effective innovations. Market Research Marketing department uses this process for analysing the opportunities and threats of business organization in the market according the current resources and products. Market 1
research help Unilever to identify current and future needs and wants of customers to formulate effective plan and increase sales of the company. Marketingdepartment of Unilever is using SWOT and Pestle analysis for identifying internal and external factors. Marketing department is also using Porter's model to evaluate the competitive threat in market to interrelate all the opportunities and gain better market share by making effective marketing plan. Finance Marketing department has the responsibility to ensure the cost of marketing activities and budget formulation. Unilever is using marketing function to understand the cost and price strategy of products and services to match needs and wants of customers to increase their sales effectively(Natakusumah, Nursiana and Suryono, 2017). The role of marketing department of Unilever is it provide effective understanding about financial position of company by evaluating all the funding aspects and calculating the expected sales according to resources to achieve objectives of the company effectively. Product Development Marketing department of Unilever is also responsible effectively understand all the market research data and improve quality of products and services. This is helping company to increase customer base(Kuntonbutr, 2019). Unilever is using Product diversification and differentiationstrategieswhich ishelping them to retaincustomersto the company and improving customer service engagement effectively.It is very essential for the business to understand the needs and wants of the customers so that they can also improve the loyalty of and customers base Unilever effectively and increase profitability. Market Planning Marketing department has a role to plan all the activities of marketing in the company with the help of effective tools and techniques(Lancaster and Massingham, 2017). After market research company has better vision to forecast and improve the decision-making process of marketing.Marketing department of Unilever also has to identify all the available products in the company and evaluate the demand of particular products and services which impact the values of customers in market. With the help if effective planning it can be resolved and improve company's market share. Brand Value 2
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Brand value is the image of the company in the market which helps to increase customers perception while making buying decision. Marketing Department Of Unilever has the effective role to communicate the vision of customer market which increases the perceived value of the company and thus increase the brand value. Brand Value also improves the customer loyalty by gaining trust of customers(Ottman, 2017). Unilever is using quality of products and personal discounts to their customers in order to improve brand value and capture better market. Marketing department of the company also has the responsibility to analyse the factors which has negative impact on the operation of Unilever. Customer Support Service Unilever is using digital tools and platform to gain better customer feedback and solve them in less time. Marketing department also has the role listen to customer's complaints and issues to resolve and develop new products and satisfy their needs. Unilever has established different customer forums to resolve the issues(Ozuem, 2017). Marketing department has to provide all the information and aware customers about all information about products and services. Distribution of Products Distribution channel is the procedure through which products of business are provided to customers. Business to business and business to customer are two distribution channel Unilever is using in different market to increase sales and also reduce cost of distribution(Chernev, 2018). Marketing department has role to identify different distribution channel which help to reduce cost and per product and improves the prices and profit margins effectively. Promotion Marketing department is also responsible to promote the sales of products and services which helps to increase productivity of the company. Marketing department has the duty to use different platforms to penetrate in the market and increase the customer integration with different products. Department of Unilever is using different market segments to target customers and increase the sales effectively(Wirtz and Lovelock, 2016). With the help of high brand value company is able to establish its base in new market and position its products ans services effectively. New business development 3
Marketingdepartmentisresponsibletounderstandtheopportunitiesandthreats according to strengths and weaknesses of business to expand in new market. Unilever is investing in many business products regularly due to increasing demand of consumers in the market which is also providing company with effective planning and analysing the potential of the business in market to generate better profitability. Unilever is also investing in different products to reduce increase the survivability in the market and also reduce the impact of changes in customer preferences rapidly in the market. Interrelationships Between Marketing And Other Functional Units Marketing functions is very essential in the factors which help to understand the quality ofproductsandservices(Pantano,BassanoandPriporas,2018).Thereereeffective interrelationshipsbetween all the departmentsof business with marketingto improve its productivity and gain effective market share. Unilever has to analyse their interrelationship between all the departments to increase improve communication between all the employees to achieve objectives effectively. As marketingbroader than selling and in consumer products industry it is very essential to increase customer trends.Unilever has effective distribution channel to provide their products directly and indirectly to customers depending on the market diversification. Human Resource Department This department has the role to manage all the human resource of organization according to their skills and knowledge to increase efficiency of businesses effectively. Human resource department ensure the performance of all the employees andmotivates them using different techniquesand policies. Thisdepartment also provides locutionsto problemswhich any employee has and increase the retention power of the company by job satisfaction of every employee. Human resource department of Unilever ensures remuneration policies, integration of laws with company's policies to increase the efficiency of the business effectively. With the help of human resource department marketing department can increase its potential to recruit effective employees as per requirement of marketing department. This also helps to develop detailed job description and reduce the inefficient candidates rapidly.Potential employees in the company improve customer engagement activities and increase the sales of the company effectively. They also help in improving organization's culture to healthy working environment. Finance Department 4
Finance department is the fundamental unit of any business organization as it helps to regulate and manage funds which is very important for business to operate in market effectively (Pater and Cristea, 2018). Unilever has effective finance department which analyses the potential threat and opportunities by financial planning of the company effectively. This department helps to provide salary to all the employees and improve the efficiency of the company effectively. Unilever is very effective in investing in new products and markets due to potential of department to understand financial flow. Finance department is also responsible to formulate true and fair financial reports which helps to satisfy stakeholder of Unilever effectively. Marketing is also interrelated with finance as all the activities conducted by marketing department needs financial resources. Marketing has to provide all the information to finance department and receive funds and conduct marketing functions with low cost and high profitability. Marketing department also has to coordinate with finance department to formulate prices of products according to total cost incurred in final products.Due to high coordination between both the department of Unilever it helps to lower the cost and increases the profit margins effectively. Marketing department also ensure to innovate their techniques like social media marketing to save cost effectively. Production Department Production department are the group of people who are responsible to ensure the manufacturing process of products to meet market demand and increase productivity of business organization effectively. This department also helps business to improve the quality ofproduct and services by adopting techniques which helps to set standards of products and consistency in products to attar more customers in the company. Production department also ensure low cost raw material from several distributors to reduce cost of final products. Unilever has its own production units which help the company to formulate its prices according to market demand and improve the product specification according to needs and wants to customers to increase satisfaction(Hisrich and Ramadani, 2017). Marketing department is related with production as it provider information in designing and improving products according to current needs and wants of market customers. With the effective coordination of both departments Unilever is able to increase the economies of scale with increased sales to fulfil all the demand of the customers. Marketing department helps production department to innovate the products and quality of 5
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products in order to satisfy customers effectively. Marketing sales the products which are produced by production department and increase profitability of company. Information Technology Department Information technology is the systematic area of business which help to increase the efficiency of all the activities. This department ensure all the activities which is related to technology. Unilever is using technology to improve their efficiency and reduce the cost and compete in market effectively. This is also very essential for the company to adopt new technologywhichtoincreasethesatisfactionlevelofcustomerseffectively.Marketing department is defendant on this department to improve digital marketing. IT department has the responsibility to provide proper training to marketing team to use digital tool to increase their efficiency and gain their objectives effectively(Turban, Strauss and Lai, 2016). This also helps toincreasecustomersengagementtosale.Informationtechnologyalsohelpsmarketing department to improve marketing strategies and target customers separately according to their needs and wants. PRESENTATION 6
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LO2 Comparison on the Basis of Marketing Mix (7Ps) 7Ps of marketing mix is a strategic marketing tool which most companies uses in their marketing campaigns to get effective results. This tool includes 7Ps (Product, Place, Promotion, Price, People, Process, Physical evidence) which guide to companies for launching their products to gain high profit (Baker, 2016). There is comparison between Zara and Marks & Spencer (M&S) on the basis of marketing mix has been mentioned below; 7Ps of Marketing MixZaraMarks & Spencer (M&S) ProductZaraisoneofverypopular companies in retail industry. It is sellingproductsrelatedtodaily fashion, like; clothes, accessories, beauty items, perfumes, shoes etc. Itismainlysellingpremium productstocustomers.This companyistooexcellentin maintain quality of their products. It has gained large customer base inretailindustrybecauseofits quality products and services. Marks&Spencerisaleading retailcompanyintheUnited Kingdom. It offers clothes, food products, and retail products etc. This company is also too good at maintaining quality of products. It believesinprovideexclusive rangeofproductsinrespective market.Companymainlyuse productdifferentiatetacticto effectivelyachieveitsdecided objectives. PlaceCurrentlycompanyprovidingits productsandservicesin30 differentcountries.Itsmarket expansionprocessisvery productive, that's why it enables to expand their business operations in lotsofcountries.Top-level managementofcompanystill workingonmoreexpandtheir M&S is also currently running its businessoperationsinmany countries.Businessexpansion process of this company is more effectivethanZara.Marketing teamofthiscompanyalways findingbusinessexpansion opportunitiesinglobalretail market.Italreadyhasprepared 13
operations in international market by entering the new market. many marketing plan to enter the different market segments. PriceZara'spricingstrategyistoo simple.Companybelievesin providingqualityproductson reasonablepriceorfavourable price. It charges high rates only on those productswhichare comes underpremiumcategory.Many times company provides premium products on cheap rates too when it runs any discount campaign. It has hiredsomehighlyqualified employeesintheirbusiness environment.Theseemployees completely knows all concepts of pricing tactic, that's why company is able to provide favourable price to customers. M&S' pricing tactic is something sameasZara,becausethis company is also always believe in provide products on the cheapest rates(Marcial,2018). Company currently facing huge competition in retail industry, so its top-level management decidesto produce that type of products and service which people can easily afford in differentmarketsegments. Customers are very satisfied with prices which this company offers. Basically company charges rates on a product's features. Suppose companychargeshighrateson thatt-shirtwhichhasexcellent designinthecomparisonof simple designed t-shirt. PromotionIn fashion industry, each company need to develop and launch new productsondailybasis.Inthis case,companymainlyfocuson promotioninthattimewhenit launches its new range of clothes. Companymainlyusebig billboards,posters,holdingsfor promoting its brand. It hires some Company's promotional activities are very productive in comparison of other retail companies. Reason is, it believes in using modern and latest marketing tactics than old and traditional tactics. Marketing department of company follow a strategic plan for completing its allpromotionalactivitiesin 14
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good-looking models and actress also to promote its brand in global market (Bhaisn, 2019). Company uses different tools of marketing like;socialmedia,newspapers (local,regional,nationaland international),affiliate, sponsorship etc. These all tools are toohelpfulforthiscompanyto promote its products and services worldwide. propermanner.Marketingor promotion is everything of M&S, becauseithighlydependson marketingaspecttoboosttheir brandininternationalmarket. This company also use those all marketingtoolsforpromoting their products and services which Zara uses. PeoplePeopleareverysatisfiedwith Zara'sproductsandservices. Mainly female customers, because company'sresearchand developmentteamalwaystry to produce such products and services whichhighlyattractsfemalesin market. Zara produces fashionable clothes for males too. In European fashion market, people are crazy forbuyingclothesfromthis company.Currentlycustomer service index of this brand is very excellent.Customersfeelwell whentheywearclotheswhich produced by company. Top-level managementofcompanyhas provided a specific communication trainingtotheirallemployees. These employees perfectly knows Companyalwaysfulfilsits corporatesocialresponsibilities on time. That's why people are giving great respect to M&S in market. Their employees feel very proudoncompany,because companybelievesinsocial welfare. These employees always try to give great contribution in M&S' success. On the other side, customers are like to buy products and services from this company, becauseitgivesveryquality services to them when they visit initssupermarketsorstores (Brixius, Link and Nielsen, 2017). Itprovides24*7customercare services to people, and try to solve those complaints on time which customersregisterthroughcare 15
howtoattractcustomerswith effectivecommunicationskills. Peoplefeelvaluedbycompany becauseofitsemployees behaviour. service.That'swhypeople's opinionistoopositiveonthis brand. Employees of company are well-trainedandskilled.They completelyknowhowto effectively deal with customers. ProcessZara's process of product delivery issameasmostofretail companies.Companymainly provide its products and services in its authorized stores. It always tries to open its stores in prime location of any city, because customers can easily reach in its stores. When a customer visit in store, then their staffassistthatcustomerfor informing about product's features. Top-levelmanagementof companyistooactivein managing their all supermarkets andstores.Italwaystriesto providetheirallproductsand services 24*7 in its supermarkets orstores.Means,eachproduct whichcompanyhasproduced, alwaysavailableintheir supermarkets. Physical EvidenceCompany provides their products in a specific packaging which most customers can easily find in busy retailstores(Ghosh,2019).If customersbuyingproductsfrom Zara's authorized stores, then its staffgivethemspecialcare.It currently operates its e-commerce website also where customers are easily able to buy products. M&Smainlyprovidestheir products and services in its own stores.Itcurrentlyhasmany stores in different countries. When customers come in its stores to buy something, then existing staff perfectly interact with them. Its employeesalwaystrytogive memorableexperienceof customerswhentheyvisitin company's stores. It provides their productsandservicesthrough own e-commerce website too. 16
Zara is mainly focuses on using pricing tactic to gain large customer base in retail industry. It always tries to provide their products and services on reasonable prices. On the other side, M&S focuses on taking huge advantage from its product differentiate tactic. It believes in provide exclusive range of products and services. With support of this tactic, company currently gaining huge competitive advantage in international retail industry. LO 3 Marketing Plan This marketing plan has been produced for the ZARA. Marketing Plan Executive Summary In this marketing plan Zara wants to launch its new printed t-shirt in the Netherlands' market. There are various marketing tactics has been mentioned in this plan which will help to company for gaining huge profit in that market. Aim:Earn huge profit in retail industry is main aim of behind this marketing plan. Objectives To gain large customer base in retail industry. To boost current expansion process. To enter new market segments. STP Model Segmentation:In market segmentation process, marketing team of Zara is responsible to divide their whole market in small market segments. Market segmentation will help to company for knowing what customers highly demanding in market. Targeting:After segmentation, team need to cover the market research where it'll able to know what customers from different age group expecting from company (Hanlon, 2019). With market research, team will also know what kind of products and services makes customers satisfied. Positioning:Inpositioning,marketingteamofcompanyisresponsibletousevarious promotional tactics to promote their new printed t-shirt in initial stage. PEST Analysis PEST analysis is very helpful tool for the company which useful in knowing what kind 17
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of external factors will affect to it. Political Factors:Political factors of the Netherlands will highly affect to company, because it'll need to fulfil those all formalities which the government has imposed on any MNC (Chaffey and Ellis-Chadwick, 2019). For example; Taxation. Economic Factors:Zara can get huge advantages from economic factors of this these country. Reason is, Netherlands is one of the richest countries in the world. People are here can easily afford products which company will offer. Social Factors:Social factors of this market are too favourable for this company. People of this country are completely literate (San Román, del Pilar and Morales Mediano, 2020). They ready to pay any cost for buying quality products and services, in which company need to provide them the best quality product. Technological Factors:Company will able to take huge advantages from these factors. Reason is, those all latest technological equipment are available in this country which company can use for improving its work efficiency. SWOT Analysis SWOT analysis is helpful tool to the company for knowing what kind of internal factors will affect it. Strengths:Currently Zara has great brand reputation in the international market, so it can easily influence people in this market with the support of its reputation. Weaknesses:Company not giving value to digital marketing strategy (Rivera, 2017). In this case, it should give value to this strategy for gaining large customer base. Opportunities:Company has opportunity to attract lots of people towards brand by using social media marketing tool. Threats:Day by day increasing competition in retail industry is a main threat for Zara, so It needs to provide some premium products on low rate to gain huge competitive advantage. 7Ps of Marketing Mix Product:Company has chosen printed t-shirt as a product. Price:It'll offer low price for this product in initial stage. Place:Fashion market of the Netherlands is selected market place. Promotion:Marketing team of Zara will use those all tools which will highly promote this product, like; TV advertisements, newspapers, holdings and social media marketing, 18
etc. People:Company will try to interact with local people to provide them the best services. Process:It can provide its new product on all platforms, like; stores, malls, online sites, etc. Physical Evidence:Zara has effective workforce which will effectively communicate with customers when they come to their stores. Budget Top-level management of company should pass a specific fund for their marketing team, so that team can easily employ this marketing plan. Monitoring and Evaluation Marketing manager of Zara is responsible to systematically monitor this marketing plan (Rahman, 2016). If marketing team properly implement this plan, then company can achieve great profit from this plan. CONCLUSION It can be concluded that there are various responsibilities and key roles of marketing function has discussed above, so these all roles and responsibilities are too helpful to a company. Unilever can gain huge competitive advantage through marketing function. These roles are completely interrelating with other functions of company. Currently company has the largest market share in consumer goods industry because of its effective marketing techniques. There are Zara and M&S has compared on the basis of marketing mix. Both companies currently following almost same marketing tactics. However, Zara is currently focuses on providing quality products on low rates. On the other side, M&S is currently focuses on produce different and exclusive range of products and services. A productive marketing plan has also mentioned above for Zara. If company employ this marketing plan in their marketing campaigns, then it'll able to earn huge profit in retail industry. Almost all aspects of marketing has discussed in this marketing plan which will increase current market share of company. Marketing management of company need to systematically implement this plan for achieving positive results. Company has great opportunity to build large customer base through this marketing plan. 19
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