Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 Explain how the key roles and responsibilities of marketing functions relate to the wider organisational context.................................................................................................................3 Analyse the roles and responsibilities of marketing in the context of marketing environment..4 Analyse the significance of interrelationships between marketing and other functional units of an organisation............................................................................................................................4 Critically analyse and evaluate the key elements of the marketing functions and how they interrelate with other functional unites of an organisation..........................................................4 TASK 2............................................................................................................................................5 Compare the ways in which different organisation apply the marketing mix to the marketing planning process to achieve business objectives.........................................................................5 Evaluate different tactics applied by organisation to demonstrate how business objectives can be achieved..................................................................................................................................6 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Marketing is a very important division of any organisation as they help in targeting, promoting and distribution of products in order to achieve high profit levels. This assignment will help in better understanding about the marketing function and its key responsibilities. Additionally, this file also study inter relation between different division in an organisation. Also, there are various elements that affects the sales and growth of the company which can be understand by practising marketing mix on Topshop (Dibb and Simkin, 2013). The respective organisation is a multinational fashion retail company which deals in various products such as apparel, shoes, make-up and accessories. TASK 1 Explain how the key roles and responsibilities of marketing functions relate to the wider organisational context. Overseeing outside vendors and agencies:-Marketing division of Top Shop are responsible for the selecting and managing the appropriate agencies and vendors, these are one who produce marketing products or give support for the marketing. It includes agencies, print vendors, PR agencies or specialists, web providers, etc. Conducting customer and market research:-Top Shop's marketing division helps in identifying the target market and opportunities for the product and services to be recognize in that market. Producing internal communication:-Marketing department of the Top Shop is also responsible for the communication of the employees within the organization, it can be done through newsletter or intranet. Their main motive is to make employees understand about the company, its values, its goals and its priorities. Monitoring and managing social media:-Marketing department contribute in mange and maintain the social media accounts and pages of the company, they also take care of postings done on the social media. Creating content providing SEO for website:-Company website is most obvious place where people visit to seek information about the company. So, it is the work of marketing department to make it up to the mark with correct and meaningful content and ensure that site comp up quickly when someone search for company.
Analyse the roles and responsibilities of marketing in the context of marketing environment. Developing the marketing strategies and plans:-Marketing division of Top Stop identify its customers need and wants, after that they make Strategical plans for the new arrivals, discounts, off ,gifts etc. to attract the new customers and retain the old one. Monitoringmarketenvironment:-Marketingdepartmenthastodoresearchon demographic,economic,socio-culture,nature,technological,politicalandlegalforcesand identify trends and convert it in opportunities. Like Top Stop's marketing division focus their product for young women, middle and high income group and western style cloths (Scarborough, 2016). Analyse the significance of interrelationships between marketing and other functional units of an organisation. Importance of Interrelation between the departments: Building Trust:-Effectively communication and interrelationship between departments create and maintain trust within the organization. When departments trust each other they deliver accurate information with improve the operational efficiency. Better customer services:-If there is no interrelationbetween the departments, customer service will get affected. So to improve the services for customer, company's departments should maintain the interrelationships within them. Conflict Avoidance:-If the departments didn't maintain relationship with each other it resultintheconflict,arguingandfinger-pointingwithaffecttheproductivityofthe organization. So to avoid the conflict situation in company departments should maintain relationship. Critically analyse and evaluate the key elements of the marketing functions and how they interrelate with other functional unites of an organisation. Topshopisconsistofmanyfunctionaldivisionsuchasmarketing,HR,finance, Production, etc. However,there is an interrelation between the marketing division and other departments of company. These are studied below: ï‚·HR and Marketing- The HR division of Topshop is responsible to hire skilled candidate for all the divisions of company. Hence, the Human Resource department ofTopshop can help marketing division of company by selecting efficient candidates which helps in increasing the productivity of the marketing department.
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ï‚·Finance and Marketing- The Finance division helps in providing funds to the departments in order to conduct their operational activities. Similarly, the Finance department can help the Marketing division of Topshop by providing adequate finance which can help in conducting effective promotional activities (Baines, Fill and Page, 2013). ï‚·Production and Marketing- The Production division of Topshop is responsible for producing products which are served to the customers and maintain inventory. Hence, the Marketing department of company can help in promoting the products and services which are produced by the production division of Topshop in order to earn more revenue. TASK 2 Compare the ways in which different organisation apply the marketing mix to the marketing planning process to achieve business objectives. Marketing Mix is a tool of marketing which helps in achieving the objectives of company. Hence, the marketing mix of Topshop and H&M is given below: Marketing MixTopshopH&M ProductTopshopisamultinational companywhichdealsin various product range such as clothing,footwear,make-up products and accessories H&Misaretailcompany whichdealinclothingfor women,men,teenagersand children. Additionally, it also deals in accessories. PriceThe price range of products is comparatively expensive. This isdue to the quality of the products and services provided by Topshop. Thepricerangeofthe company depends on the type of products as it is different for all the categories. However, it concentratesonhighclass customers. Hence, the price is expensive. PlaceTopshopisconductingits operations in 58 countries all H&M is providing its services across 62 countries worldwide.
acrosstheworldwithmore than300outletsinUnited Kingdom(Brassingtonand Pettitt, 2013). PromotionTherearemanypromotional activities which are practised byTopshopsuchas advertisement,digital marketing, PR, etc. Inordertopromoteits productsand services, H&M conductsmanypromotional activities such as sponsorship, advertisement,printmedia, etc. PeopleTopshopprovidesvarious training to the employees in order to enhance the customer experience. Theemployeesofthe company are professional and well trained. It has more than 1,48,000employeesworking in the company. ProcessTheproductsareuniquely designed in order to target a particularmarket.Also, customer satisfaction is given high importance. Customerrelationisgiven highimportanceinthe company. The employees help customersinselectingright merchandise for them. Physical EvidenceThere are near by 500 stores of Topshopoutofwhich300 stores are in UK which can be consideredasphysical evidence. Theofficialwebsite, employeesand4,500stores can be considered as physical evidence of H&M.
Evaluate different tactics applied by organisation to demonstrate how business objectives can be achieved. There are various business tactics which are taken in consideration by Topshop in order to achieve the companies objectives. These are mentioned below: Product Strategy-The competition in the market forces Topshop to keep introducing new products and services in the market. As the respective company belong to fashion and retail industry, it is very important to present trending products which helps the company to keep a grip on the market and helps Topshop to stay ahead from its competitors. Marketing strategies-These are the tactics which are consist of promoting products and services to the desired target market which helps in increasing the number of sales for Topshop. Hence, the respective company involves in various promotional activities such as advertising, print media, special offers and promotions, etc. These business tactics helps in achieving objectives of the company (Jones and Rowley, 2011). CONCLUSION From the above discussion, it can be analysed that marketing is one of the most complex division of the respective company. Also, the roles and responsibilities of marketing as a function is very wide. There is an interrelation of marketing division with all the other departments of company which helps in achieving goals of organisation.
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REFERENCES Books and Journals Dibb, S. and Simkin, L., 2013.Marketing essentials. Cengage Learning. Scarborough,N.M.,2016.Essentialsofentrepreneurshipandsmallbusinessmanagement. Pearson. Baines, P., Fill, C. and Page, K., 2013.Essentials of marketing. Oxford University Press. Brassington, F. and Pettitt, S., 2013. Essential of marketing. Jones, R. and Rowley, J., 2011. Entrepreneurial marketing in small businesses: A conceptual exploration.International Small Business Journal,29(1), pp.25-36.