Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1 Evaluate major roles and responsibilities of marketing function. 600...................................3 P2 Examine how roles and responsibilities of marketing function by relate in context of an organisation.................................................................................................................................3 TASK 2............................................................................................................................................5 P3 Compare the various organisation by applying marketing mix in process of marketing planning for achieving goals and objectives..............................................................................5 TASK 3............................................................................................................................................9 P4 Build a basis marketing plan for an organisation...................................................................9 CONCLUSION.............................................................................................................................14 REFERENCES.............................................................................................................................15
INTRODUCTION Marketingisthechainofactivitieswhichhelpstogettingpeopleinterestedin organisational products and services. It can be only possible by market research, analysis and understanding the interest of consumer base. Marketing majorly related with all aspects of a business such as product development, distribution ways and sales and advertisement. It is one of most important department in an organisation to inform, equalize and sustain in business environment by building products and services in proper manner. This report is based on the eBay which is an American multinational e commerce corporation that operates to facilitate consumer to consumer and Business to consumer sales with the help of their website. This report is based on the key roles and responsibilities of marketing function in wider organisational context. It also includes the comparison in between the various organisation with help of marketing mix to achieve goals and objectives. At last it includes basis marketing plan for an organisation. TASK 1 P1 Evaluate major roles and responsibilities of marketing function. Roles and responsibilities of marketing functions A market can be defined as sum total of all the customers and suppliers in a particular area or region. A market may be a physical entity or may be a virtual. It can be global or local. There are several functions of marketing which includes from distribution, development and pricing of products (Baker and Magnini, 2016). These functions are common in all business organizations and involve doing research, planning of product, development process, promotions, sales,finance, customer services etc. They all are responsible for organization's growth. There is a close link between marketing functions and other functions of organization. The universal functions of marketing are buying, selling, transporting, storing, standardization and grading, financing, risk taking and market information (Baker and Saren, 2016..). Different companies has different marketing functions as per their company policies. For example, E bay
is an American multinational e-commerce company which is known for its customer to customer sales. It is a website in which customers and business can buy or sell new or second hand products.Unlike, other companies they also have some marketing functions. Marketing functions of E bay are: Market research: It is a key responsibility of marketing department. Market research help company to identify customer needs. E bay is an e-commerce company. The company conducts online suryes to know customers needs (Eng, 2017.). They use user feedbacks to know customer's impressions and experiences with the services. The role and responsibilities of marketing function in e bay is to know the customers needs and modify their products and website according to customer ease. Developing strategies: The roles and responsibilities of the e-bay company is to build long term strategies. They use online drafts to know company's positions, setting out objectives for the coming months, the actions need to be undertaken, strengths, competitions etc. In addition, these strategies are to be taken into account for company's growth and development. Design and Developments: Product designing play an important role in product selling. The key roles of marketing function of e-bay is to give a regular quality check to their products and to discard damaged products. The packaging of the product should be attractive to the customers because company's who's products are attractively designed sells more product. It is important to develop a design for the company and maintain it thoroughly. Promotions: The marketing role of E-bay is to use some promotional strategies like to subscribe on e- bay stores to get tools for managing, building and tracking their business (Griffitts, 2016.). They use several advertisement methods to promote their products, develop e-mail marketing programs, create promotional content for their website. They may also appoint some advertisement agencies who do promotions for them. Pricing: It is the most important function of the company to manage prices of their products. The role of marketing function of e-bay is to set prices according to manufacturing of products and to set prices according to the quality of product. So that customers find it worth purchasing. Pricing
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
is to be done by properly analyse the marketing trends. The company should know the product demand and listing of prices should be done properly to get customer's attention. Competition: Being an e commerce company E-bay has a tough competition. The company should know about its competitors strategies and planning (Hair Jr And et.al ., 2015.). They should be aware about all the new entrants that are entering in the market to obtain market share. It is important to know where the company stands at market place or to know company's position. Brand values: A brand is a representation of the products which a company show. The role of marketing functioning of E bay is to create positive brand images. It is responsibility of marketing function to spread messages and ideas that communicate best features of brand to attract a wide range of customers to buy products of E-bay. P2 Examine how roles and responsibilities of marketing function by relate in context of an organisation. In an organisation there are various departments that are working together in order to achieve organisational goals and objectives in proper manner. With the collaboration of different departments organisation can put one of their best efforts by building mission and vision after allocating roles and responsibilities to the individuals in an organisation. In context of eBay which is an multinational e-commerce company, various departments work in self interest of one another to gain optimum outcomes. Here are the various department with their interrelationship with each other that are as follows: Interrelation in marketing with human resource department: There is a close relationship in both the department they share roles and responsibilities to one another for achieving organisational goals and objectives. In context of eBay they work in collaboration of each other by creating branding that associated with the vision of market researchreports,logoofcompanyandpositioningofproductintomarketplacetomeet organisational goals (Lane,2016.). The organisational services not only stands for promotion but also proved beneficial to attain and attract potential candidates. As people always work with the organisation which has good reputation in marketplace. The interrelationship in Marketing and HR department helps to show people the personality of organisation majorly the current
economic environment.It helps to attract and retain most competent workforce, in context of eBay they by developing the products and services that are highly advance create a distinctive brand image in market that directly helps to attract and retain competitive candidates. The another factor which shows the collaboration of marketing and HR department that while changes occurs in market so it is also expected from employees to change in their working methods and criteria. To remain always in top it is very much potential to evaluate the benefits provided by the employer to change expectations of their employees. Interrelationship in Marketing and finance department: Finance and marketing are the most important pillars of an organisation that contributes in achieving organisational goals and objectives in positive manner. Finance related with the all aspects such as profits, cost, feasibility of a project and growth rate at the year end. On other handmarketingassociatedwiththesalestargets,volumeofsalesandcompetitorsand advertising and many more (Larsonand Draper, 2015). In an organisation without the advertisement and publicity the sales of a company will not enhance and without sales there will be not any kind of profit arise. So it can be said that successful marketing needed strong base of finance because with it organisation can obtain their goals and objectives. They work in self interest of one another by sharing the roles and responsibilities to one another, in context of eBay they collect necessary knowledge and information to take decisions from various departments that not only create motivation but healthy relationship in different department to gain optimum outcomes. Interrelationship in marketing and production department: In an organisation to satisfy the consumers needs and wants marketing department work in collaboration of production department. The functions of both the department helps to enhance communication and performance and also give contentment to consumers. The production department focus on producing new products, managing quality and quantity and coordinate their delivery (Malhotra, 2015.). On other hand marketing functions focus on the satisfying consumers wants in proper manner as their collaboration is very much essential to gain effective outcomes in positive manner. In context of eBay they equally assign roles and responsibilities to each and every individual in order to give one of their best efforts in achieving organisational goals and objectives.
facilitatetransactiononly. They charge fee from the seller toputtheirproductson website and if get sold then they also charged price of it. There fee is not so much high respectivestrategyhelpsto organisation to attract large no. of consumer base. pricesalsovaryfromone product to another. With the advancementoftechnology theychargeshighpricesfor theirproductandforsome products they offer lowest of prices which is only possible by efficiency of its operations andwebbasedmodelof business. PlaceThepresenceofrespective organisation in field of online shoppinginoverthe30 countries in whole world. They are accessible in all over the world and devices to operate their systems. The size of their platformismuchwidethat consumerscanenjoyeasily economies of scale in positive manner(Pike,2015.).Their major aim is to build the world a small perfect place to shop andadvertiseproductsand services. Amazon is one of the global brand name by operating and selling products and services with the help of website and apps. After placing the order onthedistributionchannel respective organisation shows the pictures and its functions sothatconsumerscantake importantkindofdecisions regardingtheproduct.They have large no. of warehouses which are constructed on the strategiclocationsevenat remoteareastoenlarge business opportunities. PromotionThepromotionalstrategyof eBaythattheyuseseveral social media tools to promote theproductsandcreate Byusingaggressive promotional strategy they able to promote their products and services into the marketplace.
awarenessinbetweenthe masses.TheyuseTV,print media,socialmedialand online ads to reach at large no. of consumer base. To remain alwaysupdatedtheychange theirlogoinyear2012. respective company in itself is an one stop website for quirky items, auction purchasing and platform of vintage goods and services. Theyputoneoftheirbest effortstogetawarepeople about their products by using televisioncommercialsand social media marketing SEO. Theyarescholarsinartby giving one of effective sales promotion and discounts offer at the time of holiday season andfestivaltoenhancethe sales. ProcessToreachatlargeno.of consumerbasetheyhave structured kind of process to ensuringaqualityonline shopping experiences (Pricilla, 2019.). On the buyer side of respectiveorganisationthey useauctionformat,asper respective formate buyer can bid for a product and highest bid can get the product. On the pointviewofseller,seller showcasethepicturesby downloadingthemand describe its functions. As they provide one of best platform to buy and sell the products and services to consumers. Amazon is the world leader in the whole world by using the strongprocessoriented business activities. They aimed tostrategicallydividedtheir warehousesandfulfilment centrestogainpromotional efficiency.Byusingoneof best technology and tools they supportorassisttheir consumersbyadvertising,to provideinformationabout location and packaging to gain sustainability in marketplace.
PeopleRespectiveorganisationhave 12,600 people who work with them.Theyoperatea multinational inventory so they employemployeeintheir organisationmostlylogistics of goods. They provide jobs in 12 various categories. Amazonisverymuch conscioustowardstheir employeesandtheir requirements.Theyprovide kindsofbenefitstotheir employeessuchasmedical, financeandassistance programs to evaluate each and every in giving one of their bestefforts.Theyare approximately2,30,800 employees in the whole world. Physical EvidenceeBay is pioneer in their world and work as an exemplary. It is one of important platform in thegrowthofbuyingand selling of goods with the help of internet to remain always competitiveinthemarket place.The websites and apps are one of most suitable way to communicateandsolve concerns of consumers to deal in effective manner. The best physical evidence is theirwebsitebywhichthey sell products and services in ordertoremainalways competitiveinthe marketplace. Their warehouses andfulfilmentcentreswhich present through out the whole worldisoneofplatformto reach at large no. of consumers in positive manner. So it can be said that both eBay and Amazon are pioneers in their fields by evaluating the consumers needs and wants in positive manner and build products accordingly to remain competitive in marketplace. Every organisation have different strategies and tactics that create differentiate from one another to enlarge business opportunities in different way.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
TASK 3 P4 Build a basis marketing plan for an organisation. Marketing plan is a detailed written document or blueprint which outlines the advertising and marketing efforts for planning and implementing successfully for future (Puddle, T., 2015. Purvis,2015.). It evolve business works and activities involved in accomplishing specific tasks of marketing to reach at desirable goals and objectives. In context of eBay their consumer marketing manager and their teams lead towards the successful implementation of the marketing campaign in order to create value for consumers to remain competitive in the marketplace that are as follows: Situation or SWOT analysis: For an organisation to build a effective marketing plan it is very much important to analyse own strength and weaknesses to find out gaps in performing well to gain desirable outcomes. Strength: The major strength of Amazon that they are global brand name in sector of e commerce with the help of strong positioning and customisation affect in the marketplace. They are consumer oriented business by accessing their day to day needs by using the inexpensive price range in order to remain competitive in marketplace (Rowley,2016.). They are one of most innovative organisation which focus on the differentiation in their products and services by using cost leadership strategy. Weaknesses: The major areas of their weaknesses that their products and business models are easily imitable in nature which impact directly on their profitability and tough time form them. The another drawback that their profit margins are verymuch low in some regions such as India as they provide free shipping to consumers that one of reason which expose risk to lessen down margins. Opportunities: The major opportunity in front of respective organisation that they have strong payment network system PayPal that are accepted at world wide level and utilise by the various online retailer to reap opportunities (Stern and Porr, 2017)). The growing no. of mobile shopper create huge opportunities for the mobile app PayPal to payment systems to meet requirements by
convenient shopping procedure for payment. So respective industry is very much growth oriented to occupy all relevant opportunities in positive manner. Threats: The major threat which appear in respective industry that are online security in context of PayPal personal information such as their bank account details which is majorly target of online thefts. On other hand there are various low cost online retailer that are fierce rivals of eBay by providing faster and cheaper shipping so it hinders their self interest in giving one of their best products and services in positive manner. Objectives: For an organisation to build marketing plan objectives of an organisation plays very much crucial role as they aimed to launch new service that are Drone delivery of products. Market share: Illustration1: eBay's market share in the U.S. 2012-2017, 2018.
Market share of eBay in the US market in year 2017 was 8% which is very much important for them to gain sustainability. Sales volume: The total sales volume of eBay in US market grew 3.4% to$37.52 billion in 2018 from the $36.28 billion in 2017. Market expansion: In context of eBay they aimed to enlarge business opportunities in the market of Asia by producing low cost products into the marketplace. The leadership possess in hands of eBay CEO Elon Mask who are very much emphasise on the innovation of products and services to remain competitive in the marketplace. Strategies: To bring plan into action it is very much potential for a business to appropriate marketing strategies and tactics to remain competitive in market. Target market: eBay generally targets the large no. of demographic region that are majorly based on internet users (Rowley,2016.). The average age of users of eBay are 45 and above. The major target market are the art and antique collectors and motor enthusiasts. Their majorly positioning market are people who are use various kinds of mobile applications and spend time on social media also pay by using PayPal that helps to create their market in order to remain always competitive in marketplace. Positioning: eBay has wide range of products which are available on their website to attract attention of their consumers in positive manner. Millions of things such as collectibles, appliances, computers and equipments are listed in their website which are very much important to make day to day life smoother and effective. Differentiation: The greatest difference in eBay and other organisation that there are huge difference in their business models under which an organisation operates (Puddle, T., 2015. Purvis,2015.). Ebay which is an auction house which simply provides the sales of products and services to the third party buyer and seller in order to gain large market share.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Diversification: eBay adopted the diversification strategy with the help of vertical integration by merging the two businesses in various stages of production. By collaborating kinds of businesses to build a strong corporation by offering diverse products and services to gain optimum outcomes. Action Plan: Action plan is very much potential for an organisation after evaluating each and every aspect in proper manner (Stern and Porr, 2017). While bring plan into action organisation have to prepare budget and allocate resources to gain effective results. The action plan in that regards should be evaluate by marketing mix Product: eBay aimed to launch the services that are Drone delivery that proved effective in saving cost and resources. Respective services proved beneficial for organisation to deliver products and services in effective manner which not only saves cost but time also. Price: To launch new service into market they affix premium prices to reach at large no. of consumer base. As they focus on every class of consumers in that regards aimed to provide services at reasonable pricing. Place: Respective services they aimed to launch in their website and consumer opt from that to gain optimum outcomes.As they majorly deals at online mode and websites so their place to showcase services are same. Promotion: They use social media and TV ads to reach at large no. of consumer base. As they are market leader so they can reach at large no. of consumer base in positive manner. Process: To bring in practices organisation use distribution channel in which organisation follow chain of activities. People: To attain potential outcomes organisation aimed to hire highly technological advance that helps to accomplish respect project. Physical evidence:
They showcase their new services they use website and app to give one of best services to consumers. Forecast: Before launching new project into marketplace it is very much necessary to forecast budget in proper manner so that organisation can organise and allocate resources properly. PARTICULARSAmount(£) Trainer200, 000 Equipments400000 Marketing50,000 Safety measures50,000 Total700000 Control: After implementation of the plans to allocate resources in the market place it is needed to set standards with the help of benchmarking which is one of most effective process to measure the performance of organisational products and services in against the another business which is considered best to gain effective results. In context of eBay with the help of respective tool they set standards and compare it with results so that gaps should be identified to remain competitive in the marketplace. So after evaluating each and every aspect it has been concluded that respective plan is very much fruitful for organisation as it provides positive outcomes as it is relevant for organisation. CONCLUSION From the above report it has been concluded that marketing is very much essential for an organisation to reach at large no. of consumer by creating awareness regarding the products and services within the consumers. Marketing plays no. of functions such as branding, packaging, labelling and no. of functions which helps to organisation to remain competitive and sustain for long time in marketplace. In an organisation different department work in collaboration by sharing the roles and responsibilities to one another to achieve the common goal of organisation. In regards of an organisation marketing mix is one of most important tool that provides all
potential knowledge and information about the present as well as emerging product or services into marketplace. Before launching new product into market organisation have to build effective marketing plan that focus on each and every aspect such as budget, marketing mix, time duration, objectives and action plan to communicate individual in an organisation to put one of best efforts in achieving the standards goals.