Roles and Responsibilities of Marketing Functions in Unilever
Verified
Added on 2023/01/12
|17
|5031
|42
AI Summary
This report discusses the roles and responsibilities of marketing functions in Unilever, including understanding customer needs, product development, branding, reputation and growth, promotions, and pricing.
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 CONTENT INTRODUCTION.......................................................................................................................................3 LO 1............................................................................................................................................................3 P 1 Roles and responsibilities of marketing functions.............................................................................3 P 2 Roles and responsibilities of marketing functions with other functions.............................................6 LO 2............................................................................................................................................................8 P 3 Marketing mix analysis.....................................................................................................................8 LO 3..........................................................................................................................................................11 P 4 Marketing plan................................................................................................................................11 CONCLUSION.........................................................................................................................................15 REFERENCES..........................................................................................................................................17
INTRODUCTION Marketing essential is a basic need for any organization because they help the company to promote their products and services worldwide. This can help the organization to get a competitive advantage and make future plans accordingly which is going to be very beneficial for business. Without having an effective marketing function the organization will not be able to achieve their objectives on time and the market share of the business will fall. Unilever is a public limited company which is having its headquarters in London, United Kingdom. There are more than 155,000 employees working in the organization and the products which the company is dealing are beauty & personal care, cleaning products and food & refreshments. This report would consist of roles and responsibilities of marketing functioning in business, marketing mix of the organization with comparison of Tesco and a marketing plan for the company to get a competitive advantage globally. LO 1 P 1 Roles and responsibilities of marketing functions The roles and responsibilities of marketing functions are different from all the other departments in the organization. The further report discusses the roles and responsibilities which the marketing functions have in Unilever. Roles Needs and demands of the customers It is very essential for the marketing functions of Unilever to understand the customers and the needs and demands of them so that they can be fulfilled by the company. Marketing team has to make the production team alert and the research and development team understand the demand of the customers so that the company can get in changes in the organization accordingly which is a very important factor(Suh, 2016). This will help Unilever to get a better workforce
and have better competitive advantage in the market. The products packaging has been more innovated so that it can attract the customers and increase profit margins. Development of products The need of customers keep changing with the trends and it is very important for the company to get in those changes as well so that they can maintain their market share. Designs of products have to be changed and the products also have to be innovated so that they can match the standards and expectations of the customers. Unilever takes care of that factor and makes the company have a better functioning for them. The products of Unilever have been moulded according to the customers due to the help of the marketing functions. Branding Major role for branding of a company in the market is done by the marketing department by using the right technique which will help the company to get a better market share. This requires a lot of experience in this functioning so that the right measures can be taken for a company like Unilever. The company wants to provide the customers with a sustainable living which is making the company have a global recognition. Reputations and growth of organization Productivity of the company is brilliant therefore the organization is being able to meet all the needs and expectations of the company for the company’s competitive advantage. There are more than 400 brands which are owned by Unilever and is still expanding themselves in other departments. Unilever has a strong customer base for themselves which is a very important factor and marketing functions help the company to meet the expectations of the customers from time to time. Promotions Marketing functions of Unilever use the best promotional methods for their products in the market which are cost friendly and can attract a lot of customers in the company. The company will get a lot of customers in the company and make the organization have a competitive
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
advantage(Muller, 2019). Unilever is promoting them on online, television and radio’s which is going to make the company have a competitive advantage. Pricing Marketing function decide the price of the products which are coming in the market according to the customers. It is on the GDP or the kind of target the product is set for then the marketing functions decide what they are supposed to be doing. The quality of the services and product is high which is why the company is pricing the products accordingly so that the company can make profitability. Responsibilities Setting marketing strategy There has to be a setting of strategy which the marketing function must follow so that there is clarity of functioning of the organization. For an organization like Unilever there has to be a planned structure for them so that they can get a competitive advantage in the market and the customers are loyal to the organization(Olson, K., 2016). There is a good marketing strategy which the organization is having for them which is making Unilever achieve their objectives and goals so quickly. Communication Marketing functions must make sure in Unilever that everyone is aware of the changes which the marketing team has asked which can make the productivity of the company increase and satisfactionofthecustomerscanbehigher.Unileverishavingloyalcustomersinthe organization because the organization is making changes accordingly to the trends in the market which is making the company have a strong market share. The objectives can also be met faster with the help of better communication in Unilever and since there are expanding measures which are being taken then the company will have to have better functioning. Seminars and events There are a lot of seminars, campaigning, events, etc which are being hosted by Unilever so that they can make the customers be more aware of the changes in the organization. There has to
be transparency in the organization and outside as well so that the trust bond of the company with the customers can be maintained(Freytag, 2019). Unilever never fails in making the customers aware of the changes which they have got in the company so that the loyalty of them can be maintained. Market research Marketing functions helps in identifying the needs and demands of the customers with the change in time so that the company can get changes in the organization accordingly. The strengths and weaknesses of the competitors can also be researched by the marketing functions and be used to get more customers in the company which is going to be very beneficial. It is very important for the company to take decision accordingly for the future growth of the company in the market. P 2 Roles and responsibilities of marketing functions with other functions All the departments of the organization are dependent on one another which is why there has to be a strong relationship between all the departments(Hyde and Reeve, 2018). There is a lot of experience which Unilever is having in the industry which is why the decisions which are being taken in the organization are taken after consulting all the functions of the organization. It is very important to take everyone’s opinion in the decisions so that the productivity of the organization and the reputation in the market does not get affected. Over years the company has gained a high respect and standard for themselves which the organization does not want to risk at any cost. Marketing and human resource There have to be right hired employees in the organization so that there is a better functioning and productivity of the organization. Human resource has to make sure that there is a strong workforce in Unilever because the demand of customers is high which has to be fulfilled by the organization. There has to be motivation which needs to be given to the employees of the company by marketing and human resource so that the company can have high profit margins. There is a lot of transparency which is visible in Unilever which is visible between the human
resource and marketing department and that can be a great competitive advantage for the company. The internal environment of the company has to be maintained so that there is a positivity which is visible on the outside and the satisfaction of the customers is more. The quality of products and productivity of the organization can not be compromised. Marketing and research and development Over time Unilever has got a lot of changes in the organization which has made the company have such a large market share in the present. Marketing team of Unilever is very strong which understands the customers directly without a third party being involved which is making the innovations in the organization take place accordingly(Bracker, Lin and Pursley, 2018). There is a lot of dependency which is visible between research and marketing departments of the organization. Employees are also included in the decision making of the products so that the outcome of the organization is been better which will make the company have a larger market share. There are a lot of technological changes taken place and both the departments took measures accordingly after consulting each other so that the company could maintain their reputation in the market and did not have to face any negative impact of it. Marketing and finance Marketing can not take place without having a financial backup and that factor can only be completed by the finance department of the company. There are budgets which set by the finance department so that there is a control on the revenue of the company which is why the marketing team has to have transparency with the finance department so that they can get themselves financially stable for the ideas they have to get more customers in the company. There has to be a plan and a clear idea with the marketing and the finance department of the organization so that there is a better functioning and that is a very essential factor. This will help the organization to have better functioning for them and they will be able to achieve their objectives faster. Marketing and production The marketing team is one of those teams in Unilever which is directly associated with the customers of the company which is why they can understand the needs and demands for the product of company(Frizzo-Barker and et.al., 2016). The marketing team has to keep updating
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
the production department so that they can function accordingly and the demands of the customers can be met from time to time. The products of Unilever are being supplied worldwide and understand such a large number of customers are a difficult task for the marketing team but that needs to be fulfilled on time. There are a lot of chances that the customers shift from one company to the other if there is no one time met of the demands. That is what is taken care of by the marketing team to take research of the customers and provide it to the production department which will help the company to have a powerful workforce and direction to function in. Negative impact of interrelationship It is very important for Unilever to make all the functions work together so that they can get a competitive advantage which is going to help the company to grow. If this is not present then the company will not be able to achieve their objectives and the reputation of the organization will fall in the market(Caine and Mill, 2016). It is after a great struggle the company has gained this market share and because of the internal factors the company will not lose their competitive advantage they have in the market. Significance of interrelationship It is due to interrelationship that the objectives of the company and the functioning of the organization can be better and effective for a long run in the market. This will help the company to get a competitive advantage and the company will be able to have a better place for themselves in the customers. The loyal of the customers will increase because the company will be able to get the changes in Unilever accordingly which increases the satisfaction level. LO 2 P 3 Marketing mix analysis It is very essential for Aviva to analysis their market mix so that they can make the future decisions accordingly which are going to be very helpful for a long run in market. The further report is consisting of the marketing mix of P&G and Aviva which are great competitors in the market of each other(Pollock and Edwards, 2019). Evaluating this analysis will help the
companies to have a better idea of the market and their own organization and there will be a better direction which can be provided to the organization to function within. 7P’s of Marketing Greater AngliaAviva ProductThe unique feature which the product of Greater Anglia is that they have a greenest ways to travel and make the customershaveaverygood experience with their company. There are a lot of improvements which are visibleinthiscompanyoveryears which is why they are having a high demand for customers because of the service they are providing. Tostandoutinthemarketthe company will have to have a unique feature to the name and design of the company so that they can stand out in the market with the competitor which is a very important factor for thecompany.Thecompanyhas worked upon their products quality and brand name and to get more customers it was very essential for Aviva to do that. PriceThere are a lot of variations which are visibleinthepricebecausethe company has expanded themselves in a lot of products(Brown, 2017). The pricing are affordable which is a great technique of the company to get loyal customersinthecompany.The experienceandthepriceofthat experience do match which is why the companyissofamousinthe competitors in market. The initial strategy for pricing which was used by Aviva was value pricing strategybutlaterthecompany shifted to competitive pricing so that they can penetrate as much as the competitors had in the market. The competitors increased therefore the company had to change so that they could increase their profit margins. PlaceOveryearsthecompanyhasmade great contacts in the market which is makingthecompanybeeasily available for the customers. There are alotoflocalagentswhichthe There are right channels which are being used by Aviva so that they can have a high demand of the customers and the company will be able to have a better preference for customers in
company has which are making the company reach out. Companies like Amazon, EBay, Etc are also helping the company to be present globally whichisa greatadvantagefor the organizationforalongruninthe market. thecompany.Thecompanyis having a great outlets and online as well so that the customers can reach andthecompanycanhavehigh profit margins for themselves. PromotionsPromotionalstrategieswhichare beingusedbyGreaterAngliaare having the latest technological use and havingastrongimpactonthe audience.Thedemandsofthe companyincreasethereforethe productivity of the company has to improvewhichisaveryessential factor. There are discounts, offers, etc used by Greater Anglia to attract more customers in the company. Avivaisusingtheattracting customerstrategywhichis promoting themselves with the help of celebritiesand the company is also associated with a lot of NGO’s which are helping each other to get promotedandhelptoreachthe objectives in the market(Weisbord, Horton and Urice, 2018). PeopleThe workforce of Greater Anglia are regularly trained and developed so that they can match the expectations of the company and there is no compromise on the quality of product and services. Thereareexperiencedemployees which are hired in the company so that thereisabetterfunctioningand maintained internal factor. There is a sense of loyalty which is observed in the employees of Aviva but they are not so developed and that company is not being able to matchuptheexpectationsofthe customers from time to time. It is veryimportanttoutilizethe employees of the company properly. Physical Evidence Greater Anglia is recognised for its goodwill and the targeted customer’s segmentation of the company is also up to the mark. Unilever is expanded There is a lot of improvement and strategies which have to be changed in Aviva so that they can grow and giveacompetitiontotheother
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
themselves in a lot of products which is making the company have a large market share and customer base in the market which is giving the company a competitive advantage. companiesinthemarket.The company is not being able to reach out to a large scale of customers and thedemandswhichthecustomers are having is not being met by the companywhichisagreat disadvantage for Aviva for a long run in market. ProcessThesupplychainwhichGreater Anglia has developed over years for themselvesisverystrongandthey have also gotten online so that they canhavehugebrandrecognition (Moharkar, 2017). This will get the loyaltyofthecustomersandthe organization will be able to have a betterfunctioningforthemselves which is a very important factor for the company. Aviva is available online as well but stilltheyarenotbeingableto capturetheattentionofthe customers because they are not being able to reach out to the customers on time and there is a higher investment which is required by the organization sothattherecanbeabetter functioning of Aviva in the market. Aviva has an upper hand on their competitors in the market which can be observed in the marketing mix. There are right strategies which are being used by the organization which is making the company get a great advantage in the market. LO 3 P 4 Marketing plan Executive Summary There are a lot of changes which are coming in Unilever over time so that they can capture the market more. The company would be launching bags and purses for women so that
they can expand themselves in the market which is a very essential factor. This will help the company to get more profit margins in the market and the company will be able to get a larger customer base for themselves. Objectives To increase the market share of Unilever by 20& by the end of year 2023.To enhance consumer experience by 35% in the upcoming 11 months.To increase the sales of the new product of Unilever by 30% till the end of the year 2022.To increase the profitability by 20% by the end of year 2023. Segmentation, targeting and positioning Segmentation There are four segments in this which are demographic, psycho graphic, geographic and behavioural. There focus on the new product is on the women of the society so that the company can have higher sales in the market which is a very important factor. There is a lifestyle which has to be matched by the organization so that the standards can be met and the product can become popular. Targeting The company will be targeting for the premium customers so that they can get a high profit margin which is going to be good(Pearson, 2017). The quality of the product is not going to be compromised and the trends of the customers are also going to be followed so that there is a better functioning of the new product in the market. Positioning The company will have to position themselves higher than the competitors so that they can have a better market share for themselves. Unilever has a lot of experience in expanding into new products which is going to be very useful for the company. The customer needs and demands will be met from time to time which is a very essential factor and Unilever is very particular about the needs of the customers which are going to be a great advantage for the company.
SWOT Strengths The major strength of the company is that they have a collective portfolio of very successful brands which gives a competitive leverage to the company. Additionally, there product mix is also very wide thus attracting all the consumer sectors. This helps the company in exercising economies of scale thus placing their products at a comparatively cheaper rate and that took on a global level. Weaknesses The major weakness is that the products of Unilever brand can be easily copied by other competing brands. This limits the growth of the company. Additionally, the company is completely dependent on its retailers for the success and the diversification of the company is also very limited. Opportunities Someofthecriticalopportunitiesthatthecompanycanexplorearethebusiness diversificationopportunitieswherecompanycanexplorevariousnewproductlinesand industries (Gürel and Tat, 2017). The innovation in the products is also a very profitable opportunity thatUnilevercan adopt. Additionally,marketdevelopmentwill also help in expanding the existing market of Unilever that is spread worldwide. Threats The rivalry of the competitors is the major threat that Unilever is facing as the market share of the company is regularly declining. Also, easy product imitation is a major cause of concern for the company. Pestle Analysis It is a strategic tool which is used to analyse and supervise the macro environmental factors. Unilever apply pestle analysis to evaluate its external environment. It includes several factors which are described below:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Political factors: Political stability in the UK from few years can give positive impact on Unilever’s operations, profitability and productivity as well because they will not have to change policies while trading their products to other countries. Brexit can give negative impact on retail industries due to lead changes in policies, trade laws etc. Economic factors: Unilever can generate high revenue by improving demand of products. The reason behind is that recently UK’s government announces to decline corporate tax from 19% to 18% in 2020. It will automatically lead high profitability for organization in consumer market because they don’t have to pay high tax (PESTLE Analysis of Unilever, 2017). Socio-cultural factors: UK’s public is highly updated for emerging technology i.e. E-commerce, engine and prefer online shopping which can give golden opportunity for organization to enhance its market share, profitability and productivity of the products in the market. Unilever can give its own online stores and sells its product by digital channel in term to cover whole merging market and can keep its customer attractive towards organization services. Technological factors: Emerging technologies i.e. RFID and Self-checkout counters are the new technology. So organizationcanenhancetheiroperationalperformanceandefficiencybyusingthese technologies. Even organization can decline cost of staff by using these technologies as result can get high profitability for long run in the market. Legal factors: UK’s government has implemented several laws like labour law and health safety law. So, organisation can comply with these laws which can help keep workforces motivated and satisfied that definitely can lead profitability within company. Environmental factors:
Due to rising government and customer concerns for the environmental issues in the UK adopted environmentally friendly sustainable operation procedures by Unilever which can be costly for the organization when it is legally mandated by the government. Key performance indicator There are a lot of strategies which are going to be changed in the organization so that the new product in the market can be launched and that can capture the market effectively. The improvement is being done so that there is no pressure on the employees and the best performance can be taken out of them and task will be distributed better. There has to be a fair treatment which is required. Monitoring and Evaluation It is very important that after the changes in the company are made and the expansion of the company is a selection which is going to affect the productivity of the company resulting in decrease but if everything goes by plain then the company will be able to capture the market. It is very important to monitor and evaluate the changes which are coming up so that the management can mould the changes more so that they can be accepted by the employees of the company and the company will be able to achieve their objectives faster(Ruback and Yudkoff, 2017). The leaders and managers must know how to control the employees of the company and that will get the changes in the company effectively. Budget ParticularsAmount Labour£850 Production£600 Marketing£550 Direct Materials£600 Other costs£400 Total£3,000 Investment technique
Venture capitalist is going to be adopted byUnileverwiththisproject,inthisthe investors invest which have a high potential to grow in the market. There is a lot of competition for Unilever in the market which is why better methods will have to be used by Unilever so that they can have a better functioning for themselves. CONCLUSION From the above report it can be concluded that there is a need for businesses to have a strategic plan so that there is a direction in which the organization can function. There is a high experience of Unilever which is why the company can expand themselves in other products and the company has a huge customer base which will support the new products as well. There is no compromise on the quality and the productivity in the organization which is a great advantage for the company.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books and Journals Bracker, K., Lin, F. and Pursley, J., 2018. Business Finance Essentials. Brown, R.E., 2017. Business Essentials. InPower Systems(pp. 350-367). CRC Press. Caine, V. and Mill, J., 2016.Essentials of community-based research. Routledge. Freytag, R., 2019. Strategic negotiations: three essentials for successful partnerships with startups.Strategy & Leadership. Frizzo-Barker, J and et.al., 2016. An empirical study of the rise of big data in business scholarship.International Journal of Information Management.36(3). pp.403-413. Gürel, E. and Tat, M., 2017. SWOT analysis: a theoretical review.Journal of International Social Research.10(51). Hyde, P. and Reeve, P., 2018.Essentials of environmental management. Routledge. Moharkar, P., 2017.Ajile Essentials: strategy to increase weekly average business by minimum 20% growth. NIFT-Mumbai. Muller, M., 2019.Essentials of inventory management. HarperCollins Leadership. Olson, K., 2016.Essentials of qualitative interviewing. Routledge. Pearson, R., 2017. Business ethics as communication ethics: Public relations practice and the idea of dialogue. InPublic relations theory(pp. 111-131). Routledge. Pollock III, P.H. and Edwards, B.C., 2019.The essentials of political analysis. Cq Press. Ruback, R.S. and Yudkoff, R., 2017.HBR Guide to Buying a Small Business: Think Big, Buy Small, Own Your Own Company. Harvard Business Review Press. Suh, S., 2016. Essentials of Fashion as art from the Perspective of George Dickie's Institutional Theory of Art-Focus on the Structural Elements of the Fashion World.Journal of Fashion Business.20(5). pp.1-15. Weisbord, R.K., Horton, D. and Urice, S.K., 2018.Wills, trusts, and estates: The essentials. Wolters Kluwer Law & Business. Online PESTLEAnalysisofUnilever.2017.[Online].AvailableThrough: https://pestleanalysis.com/pestle-analysis-of-unilever/.