This report examines the key roles and responsibilities of the marketing function, its interrelationship with other departments, and the application of the marketing mix to achieve business objectives, using Cadbury as a case study. It also includes a basic marketing plan for Cadbury, analyzing its SWOT and outlining strategies for growth.
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MARKETING ESSENTIALS
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Table of Contents INTRODUCTION...........................................................................................................................2 TASK 1............................................................................................................................................2 P1 Key roles and responsibilities of marketing function........................................................2 P2 Roles and responsibilities of marketing related to wider organisational context..............4 TASK 2.........................................................................................................................................6 P3 Ways by which organisation uses elements of marketing mix to achieve overall business objectives................................................................................................................................6 TASK 3............................................................................................................................................9 P4 Produce and evaluation of a basic marketing plan of the organisation............................9 CONCLUSION............................................................................................................................10 REFERENCES..............................................................................................................................11 1
INTRODUCTION Marketingisdefinedastheprocessofbuildingrelationshipwithconsumersfor promoting their products. It is the part of business management that focuses on customer service. Marketing process is used to develop product or service value in front of customers, people and suppliers through market analysis or market research ( Baker, and Magnini, 2016). In the given report the company which is considered for analysing marketing functions is Cadbury which is a global producer of chocolate owned by Mondelez International. In this report key roles and responsibilities of marketing is discussed. The interrelationship between marketing and other departments of the companyand marketing mix of Cadbury is explained. In the end of this report, there is a description of marketing plan of Cadbury. TASK 1 P1 Key roles and responsibilities of marketing function Definition of marketing Marketing is the term which refers to set of various activities which are involved in delivering, communicating, creating and exchanging products and services that provide value to customers, society, clients, suppliers, etc. The main concept of marketing is to analyse the needs and demands of customers and provide them products and services accordingly. The current and future trends of marketing Marketing process is a continuous evaluation of customer's demands in order to enhance growth and development of product. There are different ways of marketing of products and servicesintheorganisation.Earliermarketingwasdonethroughpamphlets,newspaper advertisements, offline marketing. But new trends of marketing involves advertisement through online media or socialmedia like Facebook, Twitter, Instagram etc. The future trend of marketing will include advertising and promotion products to customers through AI technologies and live videos. External environment influences and impacts upon marketing activity Marketing activities and strategies of the organisation are impacted by several external factors of environment (Baker and Saren, 2016). These includes social, economical, political, technological, environmental and legal factors. Cadbury's marketing strategy and planning is effected by change in any of these factors. 2
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Political factors:As Cadbury is an international brand and for market expansion in new countries it has to follow all regulations followed in that country. It is easier for company to avoid unnecessary governmental conflicts and issues. Technological factors:The change in technology is adopted by Cadbury to make their customerssatisfiedandhappy.Cadburyusesattractivemediaadvertisements,online advertisements, 3D printing technology for marketing their chocolate products. Structure and operation of marketing department Marketingstructure depends upon the businessneeds and an executive leader is responsible for development of strategies which will give effective outcomes. There are different leaders which handles marketing operations such as relation manager,product manager, advertising manger and marketing President (Desselle, Zgarrick, and Alston, 2016). Marketing operations is a term that describes the functions of marketing that helps in efficient functioning of marketing activities. Roles and responsibilities of a marketing function Inanorganisationmarketingdepartmenthandlesdifferentmarketingfunctionsto advertise products and services of the company. The roles and responsibilities of a marketing function in Cadbury are discussed below- Market information:It is the main function of marketing department which evaluates the need and requirement of customers before introducing the product in marketplace. Internal as well as external factors of market are considered before market expansion. Market planning:The Marketing manager focuses on developing plans and strategies to expand sales of product in the selected market segment. This is done to improve brand image at marketplace. This involves effective promotions, campaigns, discounts and offers, etc. Product designing and planning:This marketing function deals with designing and developing products in order to retain customers. Continuous change in product design is effectiveinattracting peopletowardsproduct. Cadburyoffersitschocolatesindifferent packaging with attractive wrappers, they have different shape and colour. Cadbury keeps on changing its product’s packaging. It also prepares effective media advertisements on regular basis to attract more people towards consuming their chocolate products. 3
Exchange Functions:Marketing department of Cadbury analyses the market condition and evaluates the actual need and demand of customers. Main aim of this function is to provide products and services according to customer's demand (Duffett, 2017). Estimation of Budget:Marketing department requires finance for performing different activities like promotions, market research, advertisements etc. Cadbury offers credit facilities to retailers and channel members as they are Cadbury's regular customers. Price negotiation is also an importantfunction of marketing team. It is essential to build good relation with the retailers therefore they are offering them credit facilities. Storage and distribution:This marketing function is responsible for storage and transportation of the product. It is necessary for a company to have a proper warehouse to store its products. Cadbury maintains it's warehouse which are situated in almost all countries where it is offering services. It helps in providing fresh chocolates as soon as possible to people who needchocolates (Griffitts, 2016). P2 Roles and responsibilities of marketing related to wider organisational context Marketing department is the backbone in every organisation. It is the function which cannot be done in separation. Success of any organisation depends on marketing department which helps in promoting the product at marketplace. Marketing department is interlinked with all other departments of company. Finance Department:Finance works as blood in an organisation. For smooth running of every business organisation, adequate funds is required by the company. Marketing Department of Cadbury will closely work with the Finance department to ensure that adequate funds is available or not to meet the requirements of customers. A lot of money isrequired for implementing strategies and plans for advertising and promoting products. With a lot of statistical data and other information related to the price of a product which customer is expecting, finance department provide support to the marketing department. Human Resource Department:Marketing department need to work with HR department as to ensure that enough staff in the organisation is available. Marketing department of Cadbury requires huge number of workforce for physical promotion of products and services offered by them. Human resource help marketing department by recruiting good employees who assist them. With the help of Marketing Department, good will and brand name of the company 4
increasesandthiswillinfluencepeopletoworkintheorganisation(Karnaukhova,and Polyanskaya, 2016). Research and Development Department:This department works as a engine in an organisation which helps in generating new ideas, creating new products which helps in influencing large number of customers. Research is the essential part for a company for understanding the needs of customers and also identifies the available competitors in the market. Marketing department of Cadbury helps R&D department by gathering the information about customer’s taste and preference. With this information company have enough knowledge about what product they have to produce which satisfy customers’ needs which helps in increasing the brand image and customer loyalty towards product.. Production Department:This department deals with the quantity of goods and services produced and generated in an organisation. For a company or organisation who produces goods and services, it is obvious that their ultimate goal is to sell these products and earn profit to maintain the competition at marketplace (Lane, 2016). To ensure competitive advantage in the market, Cadbury stretch the capacity by setting guidelines for production department. Marketing department helps them by promoting their goods in the market which increases the sales and profitabilityofthecompanyatmarketplace.Marketingdepartmentprovidesufficient information related to what people is not liking about the product and helps them to improve the quality of the product IT Department:This department helps in developing digital promotion of the products and services offered by an organisation. Now a days internet or online platform is providing enough knowledge and information related to product and services. IT department of Cadbury helps in promoting innovative products through online platform (Morgan, 2016). Marketing department along with the help of IT department find new ways to promote their new and innovative products through online marketing, print media and latest technology for maintaining the sustainability at marketplace. As per the above analyses, it has been analysed that if an organisation has fair and transparent relationship betweenmarketingand other department,itisbeneficialfor the company to work smoothly in the competitive market. If there is any dispute between marketing department and other department, it works as a barrier to work in the marketplace, and it becomes difficult to maintain the sustainability at the marketplace. 5
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TASK 2 P3 Ways by which organisation uses elements of marketing mix to achieve overall business objectives (Source:7 P's of marketing mix,2019) Marketing mix 7ps BasisCadburyNestle Product Cadburyisamultinational companywhichisserving chocolateproductssince1824. Themainproductsofthis companyarechocolates,coffee, tea and chocolates (Nirschl, and Steinberg, 2018). They uses good Nestleisaninternationalbrand which started in 1866 by Henri Nestle.Themainproductsin which Nestleare milk chocolates, snacksandfooditems.Nestle's mainproductwhichispopular around the world is it's Maggie 6 Illustration1: 7 P's of Marketing mix
quality milk in production of their chocolate products. noodle which makes highest sales for company. Place The marketing strategy followed in Cadbury is breaking the bull which is very effective for the company in establishing unique identity in frontofcustomers.The distribution strategy of Cadbury is magnificent than other companies. Cadburyitemsareavailablein every area but supply in some rural areas in not there as demand is less in those areas. Cadbury serves in manycountrieslikeIndia, Australia, UK, US, etc. Nestle is available in more than 200countries.Theyhavetheir retailstoreavailableinevery possible area. Nestle has a great distributionstrategyanditis offering its products in different areasforbuildingcustomer relations.Thecountrieswhere Nestle is offering it's products are UK, US, UAE, etc. Price Cadburyoffersitsproductsat reasonable rates. But on the other hand Oreo is a product which is availableathighrateanditis responsibility of marketing team to advertise it more to increase its sales.DairyMilkisaleading productofCadburywhichis available at a very less price in markets. Cadbury uses skimming pricingandinitthepricesof productsaresethightotake advantage of customers for a new product or design at any rate. Nestle also provides products at reasonablerates.NestleMaggie noodlesandcoffeeareleading products in the market. If there is an increase in price of products it does not affect much as the quality offeredbyNestleproductsis highly good. Nestle uses economy pricing.Nestleproductsare offeredindifferentpricesand sizesforincreasingcustomer segment.Thecompanyisusing competitivepricingstrategyfor sustaining longer in the market. ThepromotionalstrategyofNestleuseshumorousandjolly 7
Promotion Cadburyisdifferentfromother Brands. It uses both above the line marketingandbelowtheline marketing.Itusesdifferent promotionaltacticsforevery productfore.g.Bourneville chocolate is advertised with a tag line – You don't just eat it, you earn it. advertisementsfor promotingits products. Nestle tune is used since two decades in advertisements of Nestle products. Maggie Noodle is promotedbyadvertisements creating relation of affection and trust. Process Cadburyusesprocessof organisation in which they perform businessactivitiesefficiently.It adoptslatesttechnologywhile operatingbusinessoperations. Cadbury uses high technology in packing of it's chocolates. Nestle manufactures its products by using the latest technology. It uses vending machines to serve its consumers. Physical Evidence A proper hygienic environment in storesis provided to customers in buying products of Cadbury. Nestle has retail stores which have goodinteriorsandproviding products to people. People In Cadbury association, employees aretreatedaspeople.The organisation provides training and career development programs for employeestoenhancetheir performance and productivity. According to Nestle organisation, customers and employees both are treated aspeople. Thecompany ensures good service to customers andemployeesforincreasing overallproductivityof organisation(Pappas,2017). Nestlehasaround323000 employees around the world. The targetcustomersofNestleare children and youngsters. 8
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From the above analysis it can be stated that marketing mix of Cadbury is enhanced to achieve satisfaction of customers. This will help in increasing profits of the company. Both the companies Nestle and Cadbury are leading multinational brands which are serving food items and chocolates around the world (Rancati, Gordini, and Capatina, 2016). The marketing mix of both companies is analysed to evaluate the performance of both companies. This is evaluated on the basis of customer satisfaction and retention. TASK 3 P4 Produce and evaluation of a basic marketing plan of the organisation Marketing plan is defined as the document which is used by marketing managers to evaluate the activities involved in execution of project in future (Stern and Porr, 2017). The marketing manager of Cadbury has made an effective marketing plan to be executed for increasing sales and profitability. The marketing plan made for Cadbury's growth in business is described below- Overview of the company Cadbury is a multinational Brand which deals in chocolate products and food items. This company offers a variety of chocolates including fruit and nut, 5 Star, crackle, etc. Different discounts and offers are provided to people on products of Cadbury. Mission:Cadbury believes in providing high quality products to its people and building good brand image. Vision:Cadbury's vision is to improve brand image and reputation and become priority of people when it comes to chocolate and milk items. Marketing objectives: ď‚·The main aim of the company is to increase its sales by 10% in 5 months. ď‚·To introduce a new product Cadbury juices in the market and maximising market share by 15% in 5 months. SEGMENTATION Segmentation means selecting target customers from whole population.This is done on the basis of four types i.e. demographic, geographic, behavioural and psychographic.Cadbury has divided its market on the basis of demographic factor. 9
TARGETING In Cadbury, age group between 6 to 16 years of age group is selected as the target group for conducting research. POSITIONING Product is established inmarket and before thisneeds and requirements of customers are analysed. Several offers and discounts can be offered on Cadbury products at special occasions. Cadbury has positioned themselves at marketplace by providing high quality of products to customers. This satisfies them a lot and alsohelped company in establishing their effective brand image at marketplace. SWOT Analysis of Cadbury STRENGTHWEAKNESS ď‚·It is a multinational company which is offering products at reasonable prices. ď‚·The brand image in front of customers is high. ď‚·Itisachocolatemanufacturerand people have become health conscious and avoid chocolates nowadays so sales is decreased. ď‚·Productsarenotavailableinrural areas. THREATOPPORTUNITY ď‚·Increment in price of raw material is a bigthreattotheproductionof chocolate and milk products. ď‚·Newcompaniesofferingsimilar products. ď‚·It has a great opportunity in expansion of market in rural segment. Monitoring and Control: When the marketing budget isevaluated, the management ensures that each operation is functioningproperly.Controllingandmonitoringofallbusinessactivitywillhelpin accomplishing project successfully 10
CONCLUSION From the above specified report it has been concluded that marketing is a basic function ofanorganisationtoincreasesalesandprofits.Marketingofproductsisessentialfor determiningthedemandsandrequirementsofcustomers.ThereareKeyrolesand responsibilities of marketing function in an organisation for effectively introducing products in marketplace. REFERENCES Books and Journals Baker, M. A. and Magnini, V. P., 2016. The evolution of services marketing, hospitality marketing and building the constituency model for hospitality marketing.International Journal of Contemporary Hospitality Management.28(8). pp.1510-1534. Baker, M. J. and Saren, M. eds., 2016.Marketing theory: a student text,Sage. Campbell,R.,Martin,C.andFabos,B.,2018.Mediaessentials:Abriefintroduction. Bedford/St. Martin's. Desselle, S. P., Zgarrick, D. P. and Alston, G., 2016.Pharmacy Management: Essentials for all practice settings,McGraw Hill Professional. Duffett, R. G., 2017. Influence of social media marketing communications on young consumers’ attitudes.Young Consumers.18(1). pp.19-39. Griffitts,M.,2016.Humanresourcesmarketingandrecruiting:Essentialsofinternship management.Handbook of Human Resources Management.pp.103-118. Karnaukhova, N. A. and Polyanskaya, E. V., 2016. Communication and reputation as essentials for the positioning of an organization.AI & society.31(3). pp.371-379. Kayabasi, A. and Mtetwa, T., 2016. Impact of marketing effectiveness and capabilities, and export market orientation on export performance: Evidence from Turkey.European Business Review.28(5). pp.532-559. Lane, P., 2016. Human resources marketing and recruiting: essentials of employer branding. Handbook of Human Resources Management.pp.23-52. Morgan, D. L., 2016.Essentials of dyadic interviewing. Routledge. Nirschl,M.andSteinberg,L.,2018.EinstiegindasInfluencerMarketing.Grundlagen, Strategien und Erfolgsfaktoren. Wiesbaden: Springer Fachmedien. Pappas, N., 2017. Effect of marketing activities, benefits, risks, confusion due to over-choice, price, quality and consumer trust on online tourism purchasing.Journal of Marketing Communications.23(2). pp.195-218. Rancati, E., Gordini, N. and Capatina, A., 2016. Conceptualizing and measuring content marketing in luxury firms: an exploratory analysis. InGlobal Marketing Strategies for the Promotion of Luxury Goods(pp. 109-132). IGI Global. Stern, P. N. and Porr, C. J., 2017.Essentials of accessible grounded theory. Routledge. Online 7P'sofmarketingmix,2019.[Online].Availablethrough: <https://www.researchgate.net/figure/7Ps-Marketing-Mix-professionalacademycom- 2017_fig2_327884575>/. 11