This report discusses the current and future trends of marketing, roles and responsibilities of a marketing manager, and the marketing mix of Coca Cola and Oxfam. It also highlights the value and importance of marketing in organizations. The report provides valuable insights for students studying marketing essentials.
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Marketing Essentials
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1 & P2............................................................................................................................................3 Current trends of marketing:.......................................................................................................4 Future trends of marketing:........................................................................................................4 Overview of marketing process:.................................................................................................4 Roles and Responsibilities of marketing manager:.....................................................................5 Influence of marketing department on different departments of organisation............................6 Value and importance of marketing role.....................................................................................7 TASK 2............................................................................................................................................7 P3 Marketing mix of Coca Cola and Oxfam...............................................................................7 TASK 3..........................................................................................................................................10 P4 Marketing Plan of Coca Cola..............................................................................................10 CONCLUSION..............................................................................................................................11 REFERENCES.............................................................................................................................12
INTRODUCTION Marketing is define as an effective activity used by each and every organisations to promote their goods & services.It is a process of communicating, offering and delivering the products and services to its customer’s and society as well. Marketing is basically fulfilling the needs and wants of the customer through an exchange process. The followingreport is supported on Coca Cola,which is a multinational corporationfoundedby John Stith andAsa Griggs Candler on January 29, 1892. Coca Cola headquartered inAtlanta, U.S. And Georgia. The company deals in manufacturingandretailing of non-alcoholic beverages and soft drinks (Anche, Hozouri and Mehdizadeh, 2014). This report includes the current and future marketing trends along with this it will cover theroles as well as responsibilitiesof amarketing manager working within the chosen organisation which is Coca Cola. Apart from this, discussion about the concept of marketing mix are going to be covered. In addition to this, a comparison is done on the basis of marketing mix which includes two organisations from different sectors. This will help in orderto attain business objectives & assessa marketing plan for an organisation. TASK 1 P1 & P2 Marketing is define as a set of different activities which is generally conducted by the management team of organisations so that they can share their views, ideas and thoughts about a service or product which is offered by the company to their customer. It generally emphasis on thephilosophyaccordingtowhichcompanyneedtoexaminetheneeds,demandsand requirements of consumers first & then make effective decisions so that they can satisfy the needs and demands of customers. It refers to an activity with the main aim of developing and creating awareness at the marketplace about the products offered by them so that they they will purchasetheofferings.Intoday'scompetitiveenvironment,itisveryessentialforan organisation to promote their products and services in more attractive manner which is usually done by marketing department(Aswathappa, 2013). It is identified thatmajor functions of a marketing department is to conduct the market research on a regular basis, developcommodity and services as per therequirements of customers and many more.
Current trends of marketing: In today's modern world, marketing is considered as one of the most effective and useful tool which is changing on a continuous basis as this is the industry which is developing and enhancing on regular basis. According to an analysis, it has been identified that Coca Cola is an organisation currently using mass customisation, social media techniques along with digital marketing process. All these thingsassist them so that they can promotetheir products effectivelyand grab the attention ofample number of userstowards their organisation. Social media is a tool which is used by the marketing departmentto attract numerous number ofpeople within less period of time.This as a result assist in attainingorganisational goals within limited time frame(Chang and Lu, 2015). Future trends of marketing: Apart from current marketing trends, there are some future marketing trends which include virtual reality. It is a generalized terminology for any kind of experience which essentially places the consumers and users into another world. It is considered as an entirely new or digital world which incorporate real as well as virtual world. In the present context of Coca Cola, it has been said that managers might use such types of marketing in their future. Reason behind this is that their is high level of competition at the marketplace which requires attractive and unique types of marketing process. Overview of marketing process: Situational Analysis:It has been analysed that situational and environmental analysis is done by the management team of Coca Colato examine the necessitateand needs of customers along with understanding the capabilities of the company and to identify the surrounding in which they operates. It is very essential for the management team of to conduct an analysis which will assist themto satisfy the need of customers(Gengler and Mulvey, 2017). Objectives:It is very essential for the management team of an organisation to perform their functions according to their pre defined objectives.In references toCoca Cola, objectives of an organizationis to make the organisation well known in the competitive marketplace by conducting their work in an ethical manner. Strategy:After identifying the best and suitable manner to identify the requirements of customer's, for this managers need to use an effective strategy.In context ofCoca Cola, marketing team use best strategy which includes STP approach.
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Implementation:In this section, marketing plan is going to be executed in aneffective wayso that they will be able to attain their goals and objectives.In the context of Coca Cola, marketing team implement their plans so that they will be able to perform positive within the marketplace(Glanz, Bader and Iyer, 2012). Control:At the end of this process, controlling is the last process where each and every process is going to be controlled and measured in an effective manner. In references of Coca Cola, marketing manager measure every activity on a continuous basisin order to perform their task and activities in effective way. Roles and Responsibilities of marketing manager: In order to maintain the sustainability as well as growth of the organisation it is very essential for the marketing department to perform theirfunctions in an appropriate manner. In reference to Coca Cola, it is said that there are different types of roles & responsibilitiesof a marketing manager so that they can perform effective at the competitive marketplace.Developing marketing plans and strategies:One of the major role of amanager is to create effective marketing plans & strategies so that they will perform their functionality in an appropriate and effective way.In reference to Coca Cola,marketing manager roleis toeffectivelycreateplanssothattheycanattaintheirorganisationalgoals. Responsibilities of a marketing manager is to communicate all these strategies with their employees on a regular basis.Monitoring the market environment:Apart from this, another role is to monitor the current market situations so that they can produce goods and servicesas per the need of customers. In reference to Coca Cola, marketing manager examine the environment so that they can produce goods according to the needs of customers. Responsibilities of the manager is to conduct this analysis on a regular basis so that they can beat the competition(Gummesson, Kuusela and Närvänen, 2014).Satisfying the requirements and wants of consumers:It is very essential for amarketing handlerin order to satisfy therequirements of usersandfor this duty of amarketing manager is to conduct a market analysis on a continuous basis. For this manager of Coca Cola perform their functionsin an effectivemannerso that they can satisfy the requirements of customers.
ď‚·Dealing with competition:It is very essential for the management team of Coca Cola, to deal with competition and for thisresponsibilities of a manager is to developeffective strategies & policies.Marketing manager roleis to deal with the competitors available at the marketplace.ď‚·Developing marketing plan:Marketing manager work is to createaneffectual marketing plan so that they can beat the competition and maintain their sustainability at the marketplace(Henriksen, 2012). In this context, marketing manager of Coca Cola is to develop a planso they can execute their business functions in an appropriate manner. ď‚·Satisfyingthe need of users:It is very essential for a marketing managerto identify the requirements ofconsumers and fulfil their needs and wants within stipulated time frame and in appropriate manner.For this manager of Coca Cola is to examine the current marketing situation and produce goods and services according to their needs. Influence of marketing departmentď‚·Marketing with Human resource: It has been analysed that major task of a Human Resource department of the company is tohire, select & recruit capable as well as adequate workforce in order to perform their task and activities. In context of Coca Cola, HR department and marketing teams works in a coordinated and interrelated manner as marketing team provides information about required qualifications in order to hire capable employees. Then HR manager hire effective and highly qualified employees as per their requirements.ď‚·Marketing with R&D:Research & Development plays very essential role within an organisation as they helpthem to identify necessitateand demands of customers. In reference to Coca Cola,marketing team of the company perform their business functions with the help of R&D Dept. Reason behind this is that they generate new ideas, and analysing the market research(Jobber and Ellis-Chadwick, 2012). It is the duty of a research and development department to examine the market in an effective manner so that they can produce goods and services according to their taste, needs, demands and preferences f customers. ď‚·Marketing with finance:In the present context ofCoca Cola,responsibility of finance Dept. to increase andraise finance tomarketing division in order toexecutedifferent act suchascampaigns,salespromotion,producttestingandmanymore.Fianceand
marketing plays very important role as finance team provide budget to the marketing department in order to carry put their sales, promotional as well as distribution activities. It is the primary role of a marketing department to report their overall sales done by the company within a specific period of time(Möller and Parvinen, 2015). Value and importance of marketing role There are various advantages which is utilised by the Coca Cola with the assistance of marketing team of the company. Some of the most essential advantages includes: With the assistance of effectualmarketing,organizationwill be able to enhance their brand image and reputation at the marketplace. Along with this, marketing team helps in increasing the sales of organisation at the competitive marketplace. Managers of Coca Cola producegoods & servicesas per the needs of userswith the help of effective marketing strategies(Gengler and Mulvey, 2017). TASK 2 P3 Marketing mix of Oxfam and Coca Cola It consist of 7 P’s which consider product, promotion, price, people, process, place and physical evidence. With the help of marketing mix manager of the company will becapable to understand the process of marketingso that they can providegoods & servicesat the competitive market. In reference toCoca Cola & Oxfam, marketing manager ofboth the organization conduct a comparison on the basis of marketing mix which are as follows: Marketing MixDescriptionCoca ColaOxfam ProductIt has been identified thatwhatisoffering by the company to its customers. Itisanorganisation whichprovide differentrangeof productstotheir customerswhich includesenergy drinks, fruit juice, fruit drinks,teacoffee, water and many more Oxfamisabrand dealing in to voluntary serviceswhichare relatedtothe charitable organisations.They dealintovarious productswhichare relatedtocharity
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(Chang and Lu, 2015).services and they aim to improve the lives of peoplelivingin society. PriceIthasbeenanalysed that cost is define as thevaluepaidby customersfora specificproduct& servicewhichis offeredbythe company. Ithasbeenaidthat prices of the company are not so high as they havetheirrival companyinthe marketplace. Generally they target, teenagers,youngsters and providethemall theproductsinan affordablepricing.It has also been said that if customers buy there productsinbulk quantity they have to pay low prices which isconsideredasa unique strategy. Oncontrary,this companyoffers products at free of cost to their target market. They are using value pricing Strategy which comprisesofsetting the prices according to perceptionof customers. PlaceIt define as a process inwhichproductor serviceistransferred andmovedto potential customer. StoresofCocaCola are mainly located in crowded places across the whole world as it will assist them so that they can attract ample number of users in an effective manner. Oxfamdeliversits productsandservices invariousdifferent partsoftheworld. This helps people ion fightingwiththeir poverty issues so that overallliving
standardsofpeople can be improved. PromotionIt refers to a technique which is used by the marketing team of the companyinorderto promotetheirgoods and services. CocaColabasically focuses on promoting goods and services in aneffectivemanner with the help of social mediaplatform,TV, radio,holdingand manymore.Apart from this, they provide offerstotheir customersona seasonal basis which is a promotional strategy usedbymarketing team of Coca Cola. Oxfam is amongst the leadingcharitable organizations who use variousadvertising mediumssuchas television, newspapers andmagazines.This helps them in making people aware ofthe companyandthe servicestheyare dealinginto (Aswathappa, 2013). PeopleItconsistsofthose peoplewhich indirectly and directly affecttheoverall profitabilityofthe company. In this context, there is ateamwhichis customerservice department as well as digital marketing team whichhelpsin resolvingthequeries of customers. Oxfamtriesto understandthe problemsofpeople living in society. They try to find out effective solutionssothat variousissuesbeing facedbythepeople can be solved. ProcessIt consider all the steps whichisneededto providegoodsand servicestotheir Accordingtothis, managersofthe companyensurethat thereshouldbe Oxfamusesits services to people so thatpeoplewhoare dealingwithinjustice
consumers.availabilityofstocks wheneverrequired. Along with this, they usedifferent distributionchannels inordertoprovide them services & goods to their consumersin an effective manner. andpovertycanbe helpedtosolvetheir problems. Physical EvidenceIt is considers as the elementswhich involved in a specific productsorservice which makes it visible tangibleand measurable. Companyprovide variouskindsof productswithunique andattractive packaging so that they caneasilyrecognised bythecustomers.It includesauser friendlywebsite with thehelpofwhich consumerscanview imagesofdifferent commodityinhigh quality(Anche, Hozouriand Mehdizadeh, 2014). Websiteofthe companyprovides information about the servicesgivenby organisation and what theydoinorderto increasetheliving standardof individuals. TASK 3 P4 Marketing Plan of Coca Cola Covered in PPT
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CONCLUSION With the help of above mentioned report,it is identifiedthat marketing place very necessary rolein order to attract and promote goods and servicesin an appropriate manner. It is very significantfor a marketing manager to examine therequirements of their usersbefore developing goods and services. In this report, marketing mix is conductedbetween two organisation with theassistance of which organizationwill identify their current market position. STP model is used bythe marketing department ofan organisation to segment, target and position thecommodities & services which is being offered by the organization to their users.
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