Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1 Key roles and responsibilities of the marketing functions................................................3 P2 Roles and Responsibilities of marketing in context of the organisation...........................6 TASK 2............................................................................................................................................7 P3 Marketing mix in order to achieve objective of the business............................................7 TASK 3............................................................................................................................................9 P3 Marketing plan.................................................................................................................9 CONCLUSION..............................................................................................................................12 REFERENCES..............................................................................................................................12
INTRODUCTION Marketing is the process used by companies to promote their goods and services in an effective manner. It is a promotional tool adopted by organisations to sell their products and grab attention of large number of consumers. It includes various activities such as advertisement, market research and many other which helps the company in increasing profitability of the company(Ahmed and Rafiq, 2013). Cadbury is chosen as the base company in this report. It is a British multinational company founded by John Cadbury in the year 1824 in England. This report includes detailed information about the key roles and responsibilities of marketing functions. Along with this, it further describes relationship of marketing department with other areas included in the organisation . In addition to this, this report includes a comparison between Cadbury with rivalry company Nestle on the basis of marketing mix process. At last, this report includes a marketing plan development for the chosen company. TASK 1 P1 Key roles and responsibilities of the marketing functions Marketing refers to the set of various activities which is conducted by organisations in order to exchange their thoughts, ideas and views about products and services offered by them. Concept of marketing:It focuses on the philosophy which says that company should evaluate the requirements, demands and needs of customers first and then take decisions effectively in order to satisfy their requirements. Current and future trends of marketing:In today's competitive world, marketing process is continuously changing as the industry is developing on regular basis. According to the examination, it has been analysedthat Cadbury is using print media for marketing activities. It includes newspaper ads, posters, magazines, pamphlets and many more. With the help of this company will be able to promote their products and services in attractive manner(Armstrong and et al, 2015). As well as marketing department of Cadbury adopt social media platform as an effective marketing tool. With the help of social media company can attract large number of customers across the world within less period of time. This method of marketing technique increase the profitability as well as market share of Cadbury.
Marketing process:In order to influence the interest the interest, demands and requirements of customers,marketing process is used by Cadbury. It includes 4 major steps which are as follows:First Step:In the first and foremost step, management team of Cadbury examine all the external opportunities available at the marketplace. It commonly includes demands, needs as well as requirement of the customers(Baack, Harris and Baack, 2013).Second Step:After assessing the overall market, Cadbury target only those market place whichgeneratemaximumresultforthecompany.Further,customersarealso categorised according to the type of products offered by them at the marketplace.Third Step:After identifying the target market, marketing team of the company develops an effective marketing plan which will aid the company in order to promote their products and services effectively to their targeted customers. Fourth Step:In the last step, execution of plan and strategies are included which is formulated by marketing team for the purpose of promoting goods and services in an effective manner. Cadbury is aconfectionerycompany based in UK which provides high quality products to their customers at global level. Company offer chocolates with unique taste and flavour which is quite popular among customers all over the world. According to the given scenario, it has been examined that marketing department perform various functions which help them in generating large amount of profit. In the present context of Cadbury, marketing department plays very important role for growth and survival of the company. With the help of effective marketing practices company can attract large number of customers towards their brand. There are various marketing functions performed by department of marketing which are as follows: 1.Market information:It is the first and foremost function, where marketing team of the Cadburyexamine the overall market for the purpose of identifying requirements and demands of the consumers(Babin and Zikmund, 2015). It means assessing both external as well as internal factors which affects the growth ofCadbury. In addition to this, company also examine whether customers like their products and services or they need to modify that according to their taste. This information further help the company while segmenting the market.
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2.Financing:Marketing department also performs different types of activities which is related to finance. For instance, sometimes marketing manager of Cadbury provide credit facilities to their regular customers, so that they can retain them for a long period of time. In addition to this, about the price of products, marketing team of Cadbury negotiates with the retailers also. By providing credit facilities to the retailers, company can maintain healthy relationship as well as retain them(Baker and Saren, 2016). With the help of this, company can increase their profitability and market share at the competitive marketplace. 3.Market planning:According to this function, main aim of marketing manager is to prepare effective plan with the motive of achieving targeted objectives with in the given to prepare an effective market planning whose main motive is to meet targeted marketing marketing objective. One of the main objective is to improve the brand image as well as increase the market share of Cadbury. 4.Product designing and development:Under this function of marketing main focus of marketing team is to develop innovate product which helps them to grab attention of large number of customers. In reference to marketing department of Cadbury, main focus of the team is to develop product after evaluating the overall market. For this, they take effective decisions in order to satisfy the requirements of consumers. Along with this, marketing team of Cadbury guide the production team about the shape, size, design of the product, which they offer to their customers. 5.Exchange functions:In the present context of Cadbury, to identify the requirements and demand of customers marketing team examine the market condition. With the help of which company can produce products in order to satisfy the customers(Brady, 2014). This functions includes advertisement, sample distribution, sales promotion and many other activities. With the help of this function company will be able to increase the sales which enhance the overall productivity of the company. 6.Distribution channel:Under this function of marketing, transportation and distribution channels are used by marketing teams in order to supply goods and services effectively to the end users. In reference to Cadbury, marketing team uses both online and offline distribution channel in order to grab large customer base. In case of online, company
provides products through websites, and in case of offline products are available at supermarkets, departmental stores and etc. According to the above mentioned, it has been examined that marketing functions plays very important role in the growth of company. With the help of these marketing functions, company can increase the overall profitability at the marketplace. It has also been analysed that marketing function plays effective role within the organisation as well as outside the company. P2 Roles and Responsibilities of marketing in context of the organisation For maintaining the growth and sustainability of the company at the marketplace, marketing department plays very important role. In context of Cadbury, marketing department of the company is interrelated with different departments of the organisation. Reason behind this is that marketing department connects with the customers on a regular basis and analyse their demand and requirements(Clow and James, 2013). Further marketing department guide other departments about the actual demand and wants of the end user. Interrelationship of marketing department are as follows: Marketing and Finance:With the help of marketing department, finance department of the company increase the profitability at competitive marketplace. Large number of customers will attract towards Cadbury as they provide unique and creative features in the products. By increasing range of customers, sales of the company will automatically increases along with increase in brand image of Cadbury. With this, finance department will be able to allocate funds in each and every department in order to perform their business functions in an effective manner. Marketing department of Cadbury is directly related to the finance department, as they provide funds to the marketing department for promoting their products in creative and innovative manner.This shows that both the departments are interrelated with each other(Huang and Sarigöllü, 2014). Marketing and Human resource:Human resource plays very important role in each and every organisation. Human resource department is related to the marketing department of Cadbury.In order to promote products and services marketing department needs potential human resources in their department.With the help of effective brand image and goodwill of the company, large number of candidates attracted towards the company who is looking for a job. As a result, it shows that marketing department of the company are interrelated with the human resource department and plays very important role in order to attract large number of candidates.
MarketingandProduction:MarketingteamofCadburyisinterrelatedwiththe production team, because with the help of them, company will be able to manufacture products according to the requirements of customers. Marketing department communicate the needs and demands of customers with the help of which they can modify their products in order to fulfil the expectations of customers(Joshi, 2012). In addition to this, at the time of festival production team of the Cadbury increase their working hours in order to fulfil the demand of customer's which is quite high as compare to off season. This shows that production and marketing department are interrelated with each other, as they both work together in order to accomplish the pre determine goals of the company. Marketing and research:With the help of research department, company will be able to collect information which will help them while promoting their products at the marketplace. With the help of gathered information, Cadbury will be able to find requirements, needs and current trends. As a result, effective marketing plan is formulated by the marketingdepartment which is used by them in order to attract or influence the customers towards their brand. This research will help them marketing team in order to present their product and services in an attractive manner, so that they can grab attention of large number of customers. This shows that both department are interrelated with each other. TASK 2 P3 Marketing mix in order to achieve objective of the business Marketing Mix (7 P's) BasisCadburyNestle PricePrice of Cadbury products are reasonableacceptsome products which includes Oreo, Silkandmanymore (Lovelock,2011).These productsrequireeffective marketingtricksinorderto attract large customer base. The Nestle coffee and Maggie aretheleadersinthe competitivemarketplacein terms of price. If the company increase the price of products, customers remain loyal as they provide high quality products in reasonable price. ProductCadbury was introduced in theNestle was introduced in the
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year 1905. It provides variety of products which includes tea, coffeeandchocolates. Companyproduceproducts with high proportion of milk which is highly recommended bycustomersalloverthe world. year 1905 as FMCG company atinternationallevel. Company produces chocolates, milk products and many other items. One of the most popular product offer by company is Maggie which produces large numberofprofittothe company. PlaceDistributionstrategyofthe companyismagnificentas comparedtorivalbrands. Company provide its products to every possible place except some rural areas as the demand of product is quite low. Companyadoptgood marketing channel in order to distribution their products and services(opolšekandČurin, 2012).Companyintroduces different tactics for marketing likediscounttoattract customers.Mostpopular productsareMaggieand Nescafe. Physical EvidencesBy adopting proper hygiene in thestorescompanywillbe able to attract large number of customers. Withthehelpofattractive interior Nestle grab attentions of large number of consumers towards their stores. PromotionsCadburyadoptdifferent promotional tactics for every products.Forexample, Bournevillecompanyhavea tagline“youdon'tbuya Bournevilleyouearnit”. Companyusestelevision, Oneofthemostpopular product of Nestle is Nescafe coffee(Rossi,Allenbyand McCulloch,2012).Tuneof Nescafe is one of the known tune and company use it as a promotionaltool.Company
newspaper,radiofor promoting their brand. provide high quality products whichincludesMaggie. Company promote its products throughsocialmedia, television, newspaper etc. PeopleCadburyconsiderits employeesaspeopleand providetrainingsessionsto them in order to manufacture highqualityproducts (Silberschatz,Galvinand Gagne,2014).Italsohelp them to fill the gapbetween toplevelandlowerlevel managementteamofthe company. Forthepurposeofsale promotions,company organizedvariouscampaigns acrosstheworld.Company recruit people from all over the worldwhichincreaseits productivity and profitability. ProcessCadburyadoptslatest technology in the production process which helps them in producinghighquality products. Nestle focuses on the process wheretheyminimizethe wastagewhile manufacturing products. In addition to this, companyallocatesits resourcesinaneffective manner. TASK 3 P4 Marketing plan It is a blueprint which helps the marketing team of the company about all those activities which are executed by them in near future. With the help of this plan company will be able to examine the market condition which might affect the growth in both positive as well as negative manner(Silver and et al, 2012). In reference to Cadbury, marketing manager of the company
develop an effective plan which will aid the company in order to achieve the predetermined goals and objectives. Marketing plan of the company are as follows: Overview of the company Cadburyis one of the most popular brand across the world, deals in confectionery. Company was established in the year 1824 by John Cadbury in England. Cadbury offers chocolate products which includes dairy milk, silk, gems, Oreo fruit and nuts and many more (William and Zikmund, 2012).In order to increase the sales of the company, managers provides attractive offers. Company provides products according to the festive season. Mission:Cadbury believes that with the help of continuous improvements as well as with the help of effective marketing strategies, company can deliver high quality products to their end users. Vision:The vision statement of Cadbury isto develop an effective brand name which becomes the highest priority for each and every individual. Marketing objectives One of the prime objective of the company is to increase its sale by 20% in next 6 months. Company launch new product Cadbury Kurkure for increasing its market share by 15% in next 1 year. STP approach:It refers to the three approach process used by companies in order to make effective marketing plan. With the help of this process company first categorise its overall market on the basis of different sections. After segmenting the market, customer target potential customers and at last positing the desired products in the marketplace. STP approach in context of Cadbury are as follws: Segmentation:Under this process huge marketplace is divided into small group which helps the company in analysing the requirements of consumers(Huang and Sarigöllü, 2014). On the basis of four different components segmentation is done which includes geographic, demographic, Psychographic and behaviour of customers. Targeting:After segmenting the market company start targeting customers on the basis of their requirements. Marketing manager of Cadbury target its customers according to their needs.
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Positioning:Under last stage of the STP approach,companypositions the product according to requirements of the targeted customers.It includes the brand image and reputation of the company in the minds of consumers. Swot analysis of Cadbury StrengthWeakness One of the biggest strength of Cadbury is it has a strong distribution channel along with effective marketing tactics. Company offer variety of products to itscustomersaccordingtotheir requirements. One of the weakness for Cadbury is theyareunabletohireskilled employees all the time(Brady, 2014). People become more aware about their health, so they consume less chocolates which reduces the profitability of the company. OpportunitiesThreats Companyhaveanopportunityto expand its business by launching new productsaccordingtoneedofthe market(Babin and Zikmund, 2015). Withtheincreasingcostofraw material, profit margin of Cadbury will be reduced. One of the threat for Cadbury is the numberofcompetitorcompanies increase at the marketplace. As a result overall market share of the company reduces. Marketing budget Particulars1styear2ndyear3rdyear4thyear Investment100001000060005000 Initial money10000500050005000 Total20000150001100010000 Marketing15000100030005000
outlay Sales publicity 2000200010001000 Direct selling4000300010001000 Promotion4000100050002000 Total250007000100009000 Monitoring and control Once marketing budget of the company formulates,it is the duty of marketing manager to control and monitor each and every activity on regular basis(Ahmed and Rafiq, 2013). The main motive behind this step is to reduce wasteful activities in order to save money as well as resources. For this, head of Cadbury should examine and monitor overall activities on a regular basis. With this, management team of the company will be able to achieve their pre determined goals and objectives in an effective manner. Strength and weakness of marketing mix - StrengthWeakness Strength of marketing mix is that, it will help inidentifyingalltheimportantfactorof organisation along with their position within business environment. Marketing mix is time consuming as well as expensiveprocess.Althoughthereis requirementofhiringprofessionalsfor conducting marketing mix. Strength of marketing mix outweighs its weakness of time consuming and expensive process. Strength and weakness of marketing budget - StrengthWeakness Budget provide guidance for every employees for their action in term of monetary. Moreover, budgetspromoteessentialprincipleof communication and coordination. Budgetarebureaucraticanditspreparation take time. Strength of marketing budget minimise its weakness of bureaucratic and time consuming process.
CONCLUSION From the above specified report, it has been concluded that with the help of effective marketing strategies company will be able to promote their goods and services at the marketplace effectively. Along with this, it has been examined that marketing process helps the company in increasing their sales. In addition to this, this report describes about different marketing functions, with the help of which company can increase the productivity level.Along with this, this report examined that with the help of marketing plan company can execute their pre planned activities in an effective manner. As a result, it will increase the profitability of the company at competitive marketplace.
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