The project report provides an overview of marketing essentials for a destination organization. It covers the strategies of the business and is important for decision-making processes. The report mentions various factors related to internal and external environments, as well as the role of marketing department structure.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MARKETING ESSENTIALS
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS INTRODUCTION..........................................................................................................................3 TASK 1............................................................................................................................................3 P1. Duties and responsibilities for a Marketing Officerand a proposed structure, operations of the marketing department..................................................................................................3 P2. Explain how the roles and responsibilities will contribute to the wider organisational objectives...............................................................................................................................5 TASK 2............................................................................................................................................7 P3. Compare the ways in which Your Destination and National Express apply the marketing mix to the marketing planning process to achieve business objectives..................................7 P4. Produce a basic marketing plan for the nationwide expansion for Your Destination Company.................................................................................................................................9 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14
INTRODUCTION Market is the crucial tool in a business organisation as it involves understanding of the market places, consumer demands, profitability of the company, roles and responsibilities of the manager and strategies in providing quality products to the customers (Dibb,and Simkin, 2013). This report focuses on marketing essentials in Your Destination Company which belongs to modern era of globalization. It also includes the roles and responsibilities of the manager. TASK 1 P1. Duties and responsibilities for a Marketing Officer and a proposed structure, operations of the marketing department Marketing is a process of identifying, evaluating and providing customer needs and wants. It deals with some important concepts of production, product, selling and societal concepts. These are the basic concepts of marketing. In the business unit, Manager plays a vital role in setting appropriate marketing plan which helps in grabbing the attention level of customers. It is the accountability of manager to provide customers with suitable information regarding the products or services offered.An officer needsto be friendly in nature and focused on howto generate their businesses profitability (Kotler, and McDougall, 2014). This organisation-marketing manager is very responsible to achieve their pre- determined goals of a a corporation. To increase their earnings he has to plan, organize, coordinate and control all the marketing functions. RolesandresponsibilitiesofYourDestinationCompany’smarketingmanagerare enumerated below: Marketing manager is responsible forgathering the actual result of market research and decides how to control quantity and quality of product. In addition,manager plays a crucial role in sales forecasting, product planning and price fixations.Manager prepares a roadmap of advertisement and lay focus on increasing their sales promotions as well as defining channels of distributions for goods & services. Responsibilities towards employeesanother important responsibility of manager is to make a healthy relationship with the employees and providing them an effective training and compensations. Marketing manager motivates their employees as well as evaluate
their performance for assessing deficiencies.Further, manager also receives suggestions from personnel for the purpose of improvement in the existing offerings. Responsibilities towards society:one of the most important roles of manger is to provide customers with innovative products and services according to needs and want of society.Yours Destination’s manager is also responsible to perform activities in a sustainable manner(Mishra, 2016). ResponsibilitiestowardscustomersYourDestination’smarketingmanageris responsible for the needs and wants of the customers and must fulfil their demands and make a regular supply of products and giving a best quality of the goods and services (Hair, and et.al 2013). Officer main motive to earning profit with providing customer better services. The above depicted structure shows that marketing department plays a vital role in doing research and planning about the service. Further, marketing department is also highly concerned with sales enhancement and promotional aspects.A Manager works with the top management supervises all business activities and identifies all market potentials. A marketing manager establishestherelationshipamongthebusinessactivitiesofsales,packing,storage, transportations, promotion, and purchase. This company manager to create the demand of the good and services produces by the organisation, manger identify new market trends and build up Illustration1: Marketing Department Structure Source:Business structure,2018
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
relationship with existing market for their business and its products. Yours destination marketing department operate new plans like launching of new product or services to attract their existing or new customers and providing themsatisfaction. Marketing manager the channels of distributions of goods and services through various channels like wholesalers, retailers etc. As per needs an enterprise, manager selects a particular channel of distribution and supplies the finishedproductsfromproducerstocustomers.Manageralsofocusesonproviding manufacturingandproductionteamwithsuitableinformationwhichinturnensures improvement in the services. Marketing department plays a vital role in promoting this company and its mission is to produce best qualities of product and provide effective services to the customers. It includes monitoring, managing, and maintaining social media page and account and gives services through online system to customers. P2. Roles and responsibilities that contribute to the wider organisational objectives The main role of marketing manager is to develop long term and short termsstrategies for the business. Your Destination Company’s manager places high level of emphasis on developing competent marketing mix and thereby contributes in the attainment of organizational goals.The objective of this enterprise is to maintain their customers’ relationship according to their needs and wants, providing quality products and services (Purvis, 2016). These marketing concepts include pricing, promotion, and distribution, sales. Gathering Marketing information is the main duty of marketing manager. By this way individual becomes able to known needs of consumers and provide them same services. it is providing the information regarding various factors of yours destination company such as its product, planing and implementing controllingits marketing strategies. This helps in accomplishing objective of Your destination. Marketing officer is responsible to monitor of marketing environment of your destination organisation identified the new development in the marketing environment, it provides great response for the growth of the product and service of the company (McDonald and Wilson 2016).These new development help to changing the market traits, socio- economic forces, internal and externals changes of marketing. Italsohelpfor their employees providinghealthy environment and this company manager increasing their worker motivation level.
Marketing research is another duty of officer where finding out the specific knowledge of product, price and consumer needs is a necessary step. Hence,manager focuses on identifying the best product and service of this company in the market through effective research & development activity. Appropriate market segmentation is the responsibility of manager in the company.This company marketing manager help in identifying the customers wants in the large diverse market and promote their goods and services of the enterprise. The main motive of Yours Destination Corporations’s manager expands their business not only local market as well as global market or entire the world. Brand equityyour destination also focus their company reputations andbuild up their strong brand value of their business among the customers. This process is very help full organisation to increasing their sales volumes. Through this process corporations earn more profit also. The customer experiencethis company believe the marketing is the outgoing functions and focusing on the customer. Manager communicates with customer and knowing the past experience it is very important for improving the quality of the product. Communication strategiesthis company manager can work proper through strong communication it is very essential part through this strategies build relationship with customer as well as employees also. Digital marketingyour destination organisation adopt this technique in their of the digital marketing of their product and making it attractive to the consumer. Through this technique the new changes in the market their services it is the important for this corporations' manager to managing this process, with the help of digital marketing this company also expand their business and retains more customer. Competitors itis the important role in the business yours destination also focus on their competitors, manager know very well how many competitors in the market which are already delivering the same product or services (Andaleeb and Hasan, 2016). This competition is also base on their business strategy of the company. Marketing management refer with the process of planning and executing the different concept of the marketingand identifying the business need and full fill their responsibilities. The objective of the marketing manager to increase their business earns more profit and
providing customer satisfactions and maintain organisation brand name (Harmeling, and et.al 2017). The main objectives yours destination company promote its products or services. In other words this company marketing strategy set in order to accomplish overall enterprise objectives. This company focus on their particular product might and also include increasing their product awareness among their target customer providing the full information about product and its features. It also includes reducing customer resistances to buying the product.This company Manager always tries to providing best quality product with effective prices. Every organisation main aim to generate profitability of the business and fulfil their customer needs. TASK 2 P3 Comparative analysis between Your Destination and National Express after applying the Marketing Mix From assessment it has identified that service sector firms undertake extended marketing mix for attaining goals and objectives. Usually, companies other than service sector lays focus only on four elements such as product, price, place and promotion. In contrast to this, service sector firms like Your Destination considers three additional elements while drafting marketing mix such as people, process and physical evidence. Marketing MixYour DestinationNational Express ProductYourDestinationcompany focusesmoreon manufacturingeffective productswhichhavegreat significance on the consumers and fulfilling their needs more effectively(Ackley,Decker, and Limb, 2018). Theproductapproachof NationalExpressismuch efficient and better. This will help to earn effective sales and avoidwastageofthe commodity which is produced. ProcessCustomer'sfocuseffortsare furnishbyYourDestination Company.Effortsofthe companyshouldnottobe waste material and forecasting The process of operation is less efficient that Your destination. Moreover,theoperational process is not up to the mark.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
the requirements of customers than process further more. PriceTheproductofYour Destinationistobepriced accordingtothesatisfaction levelofconsumerswhich means the product represents its value. This does not mean that product should be bargain priced and customer should be willing to pay for the product. National express considers this factorfocusingonawesome valuation of its products that assurescommodityjustifying the price. PlaceIt is located in a much better placeincomparisontothe nationalexpress.Thework placeofyourdestinationis veryawesomeasitis effectivelyreachestothe customers (Akinlaja, 2018). The place of National Express isnotsatisfactoryin comparisontotheplaceof YourDestination.For increasing the sales more it is veryimportantforNational Expressthatitshouldwork ensure the work place that the productisreachtothe consumer. PeopleThemanforceofYour Destinationiswellplanned andefficientinwork. Employee's are the assert of anyorganizationasno business is conducted without employees.Theworkersof Your Destination are effective and efficient towards work. ThemanforceofNational Express is not so much skill fullyandefficient.Effective employeestowardsobtaining goal is required to attain the target objective (Beatty, J.F., Samuelson,S.S.andAbril, P.S., 2018).
PromotionAmazingandfruitful techniquesofmarketingis used by them.Social media, discounts,campaignsetcfor promotingthegoodsand servicesarewhichis increasing the sales of Your Destination. National Express has not much amazingmarketingand promotionaltoolsin comparisontoYour destination. Sales revenue and profits is not up to the mark because of lack of promotional techniques. Physical EnvironmentYourdestinationphysical environmentismuchmore impressiveandbetterwhich increasesthecustomer satisfactionlevel(Sahadand et.al, 2018). Thephysicalenvironmentof National express is not up to the mark which in turn less degreeofsatisfactionto customer's. P4. Produce a basic marketing plan for the nationwide expansion for Your Destination Company. Executive summary To develop an organization, a marketing plan is essential for Your Destination Company, even the marketing program of every company is essential for every firm. To understand the expected customers, it very crucial for company to create clear understanding. Being a small company, it can do clear research I the market. It is better to make sure that what product is introducing in the market, customers are happy or not. While presenting the product, it is important that to investigate the competitors products and always keep examining this. Company should identify that the competitors which are going to target the customers. The marketing manager of any organization should have full- fledged knowledge about market trends. Evaluate all the research than make a strategies and plans for obtaining the objectives of market. A proper marketing plan can make your product and services the best services among the entire challenger in the market (Sheldon, 2018). Company overview:Your Destination is a new transportation company andis providing transportation facilities nationwide. This company is growing very fast and in 3 years, it
successfully operates in London and Essex, seniors officer finally take decision to become a nationwide company with open a lot of branches in different cities or countries like Manchester, Newcastle, Glasgow and Aberdeen etc.This company focus on their business how to expand their work in not only local area while all over the world. This company also giving a best qualities of services to their customer and marketing officer main motive to compete with national express who is the market leader at present time. Situation Analysis SWOT Analyses of Your Destination Company Strengths ï‚·sellinguniqueproducttotheir customersandexcellentsupplier relationship ï‚·Strong reputation in the market and good locations ï‚·Marketleadershipinthe transportations businesses Opportunities ï‚·expand their business in all over the world ï‚·Competitivenessinmarketand establishing leadership in new markets Weaknesses ï‚·no understanding social media ï‚·lack of agents some time they are not providingproperinformationtothe customer about their services ï‚·Lackofcontrolalloverthe transportation operations Threats ï‚·largenumberofcompetitorsinthe market and uncertainty in the business arise some environmental problems
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Objectives Your Destination Company main objective is to expand their business in different countries and providing a best service to their customer and maintain their relationship between existing customer as well as new customers also. This company main objective to become the country's marketleader in terms of increasing their market share. It’s also improving the quality of services and developing their products for UK market. Strategy Pricing design is the key factors in selling. The price of the product should be fair and should be appreciated by customers thatis willing to pay for its commodity and services. If a company has purpose grow over in the market place it should not to low-level that customers has negative outcome on the quality of the product and the price should not to be so high. If company is managing its brand than quality of the product should not be compromise in any way because customer is paying for brand. Customers are attracting towards the far pricing of the commodity with better quality. Price has great impact on the business existence (Hugos, 2018). Effective advertising- The role played by Promotional and advertisement is very crucial for Your Destination Company to increase the sales. In the selling plan, an effective marketing must be done before product scattering to let your targeted customers experience about to new product and services. Different media for advertisement is gettable in the market such as advertisement on television and online marketing, cultural and social medial selling, newspapers merchandising etc. Now in today's market, social media is activity which plays a great role in marketing to encourage products andYour Destination company brand as well. Effective advertising also helps an organisation to accomplish its goals and point of reference effectively and with skilfully. Accomplishing the goal in time is also important for Your Destination. STP SegmentationYourDestinationusesthreecategorieswhensegmentingitsmarket.This company uses Demographic Segmentation where its divide its customers into two types- Mainstream and Enterprise. They also use Geographical Segmentation where they provide different types of products, services and offer also at different locations.This company main
segmentation to their customer satisfaction and manager make a plan for giving the best product and prices to their customer. Target Customer-Target customer is the primary focus points of Your Destination. (Zhang and Su, 2018). Target the customer according to demographic side view. Company always kept in brain about what is its transaction, than investigate the actual market direction and after that report manufacture the goods. Demographic profile investigation supply, company the best mode totargetthecustomer,handlingalltheprofileworkisquitedifficultincompareto manufacturing the products for single chain of customers. Positioningit refers to one of the market leaders of Your Destination Company itself as exclusive brand in term of quality of product and making competitive prices plans.Positioning mainmotivetoprovidingsatisfactionofeverycustomer,fulfilconsumerdemand,and established its brand name. Tacticsyour destination will start a promotional campaign in UK and make a plan for their products. They will take some important decisions to increase their business through social media,effectiveadvertisement,anduseofnewspapers.Theyarealsousingtacticslike promoting their products through distribution channels. Pestle analysis of BT. Political factor-The announcement of rules and regulations is very often. Telecommunication Company has no idea how to control over them. Internet are now regular part of life, as it is using foreducation intention, jobs and many other uses are there for net which is all-important for every human being. Economical factor-BT Company is largely affected by BT company. The pricing per plan is affected by the expenses provided to customers. Customer who lives in distant areas are affected by the network of BT Company as it is very much costly to build towers in distant areas. Market resourcesand technical promotion arethe key factorsof economic improvement of BT Company. Social factor-Any commercial enterprise workinginto market, should have to work socially to remain prolong in the market. BT Company is doing very well keeping the social component as
the key component. Horizontal growth is constricted in Telecommunication Company as it is very costly task to create and spread out the web services in remote areas and triable zone. Technologicalfactor-Bionomicenvironment,mechanization,creationandresearchand development(R&D)environmentopenupTechnologicalenvironment.Inoutsourcing intellectual, and entry obstruction are much affected by technological element. The cost and choice of goods and services and innovation is greatly affected by technological factors. Every day there is innovation in Telecommunication Company, which led to increase in the cost of BT Company. Legal and Environmental factor- The legislation issues of government has great impact on telecommunication company in large. The problems with government, service provider and custom-made are main factors of judicial environment. Importing and exporting products as well as services of telecom are also the legal factors. Company has to pay taxes and many other formalities for trading with diff rents countries. Budget Budget for entire marketing plan SERVICEAMOUNT Market Research (Expensive)125000 Salary (Staff)145000 Advertisement Expenditure163000 Total433000 Controlthe successful of every marketing plan has to be controlled by the organisation in an efficient manner by monitoring and evaluating the performance of the business. This company control all the functions of the marketing and evaluate the actual results of the enterprise, and monitor their business performance.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
CONCLUSION yours destinations will makes its final conclusion on the basis of all over marketing plan it focus on their product its services and introduce new planning strategies in the market. It includes marketing budget of the product and services of the company and implements all the decisionIt can be concluded that this project report contain all the information related with marketing essentials of your destination organisation. The role and responsibilities of the company manager in the marketing of the product and their services are clearly mentioned in this report. The various factors related with internal and external environment are also described in the project. This project file explain the strategies of yours destination enterprise and it is very important [art of decision-making process for the defining all the function of the business.
REFERENCES Books and Journals Ackley, R.S., Decker, T.N. and Limb, C.J. Eds., 2018.An essential guide to hearing and balance disorders. Psychology Press. Akinlaja, O., 2018. Essentials of Practice Management.Gynecologic Care.p.381. Andaleeb, S.S. and Hasan, K., 2016. Marketing Research. InStrategic Marketing Management in Asia:CaseStudiesandLessonsacrossIndustries(pp.111-160).EmeraldGroup Publishing Limited. Beatty, J.F., Samuelson, S.S. and Abril, P.S., 2018.Essentials of Business Law. Cengage Learning. Dibb, S. and Simkin, L., 2013.Marketing essentials. Cengage Learning. Hair, J.F., Celsi, M.W., Ortinau, D.J. and Bush, R.P., 2013.Essentials of marketing research. McGraw-Hill/Higher Education. Harmeling, C.M., Palmatier, R.W., Fang, E. and Wang, D., 2017. Group marketing: theory, mechanisms, and dynamics.Journal of Marketing. Hugos, M.H., 2018.Essentials of supply chain management. John Wiley & Sons. Kotler, P. and McDougall, G.H., 2014.Marketing essentials(Vol. 556). Englewood Cliffs, NJ: Prentice-Hall. McDonald, M. and Wilson, H., 2016.Marketing Plans: How to prepare them, how to profit from them. John Wiley & Sons. Mishra, A., 2016. Customer Story. Purvis,J.,2016.HumanResourcesMarketingandRecruiting:EssentialsofDigital Recruiting.Handbook of Human Resources Management, pp.53-71. Sahad, M.N and et.al, 2018. Business Lures Employed by Malay Kelantanese Entrepreneurs. In MATEC Web of Conferences(Vol. 150, p. 05071). EDP Sciences. Sheldon, C.H., 2018.Essentials of the American constitution. Routledge. Zhang, Y. and Su, D., 2018. Overview and Evaluation of Selected General Business Databases. Journal of Business & Finance Librarianship, pp.1-9. Online Business structure. 2018. [Online]. Available through <http://www.boxxwineracks.com/cms2/? About_BOXX:Business_structure>