Key Roles and Responsibilities of Marketing Functions
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This report discusses the key roles and responsibilities of marketing functions, the relationship between the marketing department and other functional departments, and the marketing mix strategies used by Dacia and Mercedes Benz. It also provides a marketing plan for the upcoming product launch of Mercedes Benz.
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Table of Contents INTRODUCTION...........................................................................................................................6 LO1..................................................................................................................................................7 P1. Key roles and responsibilities of Marketing functions.........................................................7 P2. Relationship between marketing department and other functional departments..................7 LO2..................................................................................................................................................7 P3. Marketing Mix......................................................................................................................7 LO3................................................................................................................................................11 P4. Marketing plan for Organization........................................................................................11 REFERENCES..............................................................................................................................16
INTRODUCTION Marketing refers to promoting company's products and services in order to improve the brand value of the company (Rivera, 2017). This includes various functions such as advertising, selling and product delivery to target customers of the company. Henceforth, this report will emphasis over key roles and responsibilities involved in marketing functions. All roles and responsibilities associated with the marketing function will be elaborated based on marketing environment attached with business organisation. This report will also specify about the interrelationship of marketing with other functional departments in Apple company. 7 P model will also be expressed in this report to analyse the key differences between organizations based on the marketing mix strategical tool. Based on the business objectives of Dacia company and Mercedes Benz company. Furthermore, this report will also discuss the suitable marketing plan for the upcoming product launch of Mercedes Benz company. LO1 P1. Key roles and responsibilities of Marketing functions. Covered in PPT. P2. Relationship between marketing department and other functional departments Covered in PPT. LO2 P3. Marketing Mix Marketing department plays an important role in increasing sales and profitability of company by influencing customer to prefer company product and services over competitors product. It uses various strategies and marketing tool such as marketing mix to attract large number of customers. Marketing mix is set of tactics that is used by firm to promote its product or brand in the market.Thus, various marketing mix used byDacia and Mercedes Benz to promote its product and services are as follows: BasisDaciaMercedes Benz ProductItofferssimpleandfour modelsofproductto customers to choose among in UK.Eachofthesehave One of the strongest marketing tool of company is it product thatmakeitoneofleading premiumcarbrandinthe
separateproductslinesold underbrandnameofDacia Duster SUV (Mahajan, 2017). It sells cars that are famous for traditionaldesignthus attractinglargenumberof customers.Itsproductsare available in different sizes and pricesthusofferingvarious option to customers to choose among. world.Ithaswide rangeof light commercial vehicles and passengercars.Luxurycar suchasSedans,SUV'sand sports car attract large number ofpeopletobuycompany products.Mercedes is able to enhance sales of company not only because of its design and luxurybutalsobyuseof innovative technology. PriceItfocusesonhybridprice strategytogainmaximum valueofitsproducts.Dacia Sanderiostartfrom£5,995 thengoesupto£10,630,00 whichisstillhalfthan Mercedes car. Thus, price of Dacia car is lower as compared toMercedescars.Company being in luxury segment has set premium price for its car to attract customers. It has huge variety of product with price range from $30,000 to100000andabove(Koo, KimandKim,2016).Thus, companybyusingpremium pricestrategiesbasedonits competitionandfeaturesis abletoexpanditsmarket share. PlaceDacai is based in Romania but have operation or production facilitiesacrossworld. Customerscaneasilybook theircarsthroughofficial websiteofDacia.Renault Companyhasspreadits businessacrossworldwide withdealershipandservice station across various nation. MercedesBenzcarsare available across whole world
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owndecaisomanypeople tendtojoindealershipwith RenaultinUK(Amofah, Gyamfi and Tutu, 2016). Thus, companybyspreadingits operation across world able to increaseprofitmarginand sales. such as China, Asia, Europe and North America. Thus, firm byspreadingitsbusiness worldwide is able to expands itsmarketshareand profitability. PromotionPromotion strategies used by companyisalsohelpsin attractinglargenumberof customers. It uses 360 degree approachinitspromotional activitiessuchasdigital marketing,variousrewards programareorganised. Conventionalmarketingsuch asadvertisementthrough hoarding, TV and magazines. Mercedes Benz to promote its products has use all channel of advertisementsuchasTV print, billboards. Product and innovative technology are two other method of company to market its product. But due to changeincustomertrends companyhaschangeits strategiesandmarketits product by use of social media. Physical EvidencePhysicalevidenceofDacia DusterSUVisexcitingand creative where customers feel comfortableandrelaxed.It providesgoodexperienceto customersbydelivering qualitativeservicesand products. Design, colour of car isalsodifferentiatedand unique that attract customer to Companyhaseffectively established its brand name in heart and minds of customers as whenever a person think of luxurycartheylinkitwith Mercedes(Poljić,Tešićand Košutić, 2018).It is known for luxuriousness and elegance across worldwide that provide qualitativeservicesto
make purchase.Brand logo of companyalsopromotesales and profitability of company in market.Itwebsitedesignis also simple and easy so anyone can use and can book car. customer. PeopleDaciadusterSUVinvest highly in development of skill andknowledgeofpeopleto providequalitativeservices and products to customers. It organisesvarioustraining session and supervise that all employees attain such session foroveralldevelopmentand growth. It by building strong relationshipandproviding goodworkingenvironment abletoincreasescustomers satisfaction and loyalty. Itprovidesqualitativeafter sales services to its customers becausehighlyskilledand knowledgableemployees workinginanorganisation. Mercedes Benz has a strong brand image so employees of it arehighlyeducatedand motivatedtoworkfor achievement of goals. ProcessIt has systematic and organised processfordeliveryof productsandservicesto customers.Itusesonline portals for operational process ofcompany(Eneizan, Abdulrahman and Alabboodi, 2018). It has various policies and process to maintain quality Itisabletoprovidequick delivery of product as itshas dealershipwithnumberof peopleandvariousoutlet spreadacrossworldwide. Thus, able to provide ease to customers by delivering goods quickly at their doorsteps.
ofservicesandproducts. Variousstoresandeffective channel also helps in smooth deliveryofproductstoits customers. LO3 P4. Marketing plan for Organization Executive Summary Company's board of directors are planning to launch a new car in electric car segment. To have a successful launch and market presence company management has framed a suitable marketing plan. Objectives To improve market share by 20% To improve the product presence in target market. To achieve company's objectives by having a successful launch of new car in the auto- mobile market across the globe. STP STP is a crucial process involve in marketing plan as it emphasis over segmentation, targetting and positioning of the product in the target market. Segmentation:Segmentation is a crucial process involved in STP. This process involve framing marketing strategies for segregating total customer's of auto-mobile sector into target customer's for the new product launch (Rivera, 2017). Auto-mobile is among the major growing market sector that also comprises with millions of customer's worldwide. To segregate the target customer's from such millions of customer base globally is a huge challenge company management face. To implement this process effectively company management has conducted the market research on the people in respect to using environment friendly products.
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Company management has used the behavioural approach for product segmentation as this new product will attract to such customer's who has the nature to use eco-friendly products and also look keen towards environment protection. To assess the customer's behaviour company has conducted both primary and secondary research to get the clear brief about the customer choices. People across the globe are more keen towards using eco-friendly products and this product will give the luxury experience of eco-friendly auto-mobile car range. Company management has already segregated the target customer's as the research recognized that majority of target customer's across the globe are very keen towards using electric cars. Targetting:Targetting is also a crucial stage involve in STP process. Under targetting company management frame a suitable marketing strategy to target potential customer's for new auto-mobile car range of Mercedes company (Garcia, Usiski and Waken, 201). The company management will target the elite customer's across the globe as this carwill cover under the premium range. Young customer's covers under the age group of 45 years will be targetted specifically as young people are much aware towards environment protection and conservation. Positioning:Positioning is an important aspect of STP process. Under this process company management frame marketing strategies in order to reach effectively target customer's for the new electric car range of Mercedes (San Román, del Pilar and Morales Mediano,2020). Company will use advertisements, search engine optimization, social media marketing and other strategical tool in order to effective reach of marketing campaign. Company management also approach its existing customer base by conveying about the features involved in the new car brand. Marketing Mix ProductNew car is belonged to electric car segment. PricePrice range of new car will be cover under premium range. PlaceCompany will launch this new car across the globe. PromotionAll effective promotional techniques will be used such as social media, radio. Television and SEO. PackagingPackaging will be conducted as per the normal process of company.
ProcessCompany will follow STP to position the product in the market. PeoplePeople from elite class will be a target customer base for the new car. PESTLE Analysis PESTLE Analysis will enable the company management to assess impact of external factors associated with business environment over market performance of new product. Political Factor:Political factor involve government policies associated with auto-mobile sector. UK's government has a very supportive approach towards the corporate sector as the corporateorganizationplayamajorcontributionintheGDPgrowthofthecompany. Government in UK is also had a stable position which causes to longer sustainability in government policies and strategies that give a suitable basis to companies to make effective strategical decisions (Armstrong and et.al., 2018). Electric car also support the environment friendly campaign of UK and various other governments across the globe that will also create a suitable business environment for the new product launch of Mercedes. Company will also get taxationbenefitsforthenewcarlaunchasthisproductsupportstoUKgovernment environment protection campaign. Economic Factor:Economic factor emphasis over economic situation of country such as economic growth, GDP and other economic aspects that influence over product performance in the auto-mobile market. Government policies such as taxation policy and other associated policies related to the corporate organisations also influence the economic growth of the country. UK's economy is among the stable economies across the globe and it will also support the product performance in target market. Stable economy also denote to good flow of liquidity in the market that also improves the purchasing capacity of customer's. Management of Mercedes is aiming to take the complete advantage with the launch of its new electric car. Social Factor:Social factor reflect the approach of target customer towards electric cars in the market. As per the recent surveys claimed as Euro-barometer survey that indicates the people's mentality in Europe towards environment protection (Casey, 2019). Society in Europe and across the globe is more keen towards using environment friendly products and services in order to keep the environment safe for the next generation. Pollution has become a huge challenge for governments across the globe specifically in developing nations like India where
government and society both initiated the use of environment friendly products and services. With the launch of this new electric car company can improve the sale by utilizing an environment protection campaigns. Technological Factor:Technological factor is also among the major factor impact over product sales in the target market. Among all other challenges electric cars face the major challenge of facing restrictions in respect to covering the distance once it compete charged. As per the technical auto-mobile experts electric cars cover the distance of around 100 to 120 km on an average basis over one time charge. Company management has also addressed this issue by incorporating better technologies and more efficient battery power. This feature of the new product will enable the company management to create an unique brand identity with the launch of this new car. LegalFactor:Legalfactorsdepictstovariouslegislationsandgovernmentregulation associated with the corporate organizations and products. Electronic car has a huge scope in European countries and also in other part of the world. Electronic car companies also get the advantage in Europe as per the aggregant call 2011 White Paper Roadmap (McDonald and Wilson, 2016). This agreement focuses over improving the use of electronic auto mobile products in order to protect the environment. The aim of this agreement is reduced the use of conventional cars by almost 50% till 2030 and also the green house gas emission from transport should be restricted to 40% by 2050. All such aspects covered under the agreement provide an effective basis to this new car segment in order to generate profitable outcomes from the sales. Environment Factor:Environment factors covered under business environment is also a crucial aspect play under the external factors that impact over product performance in the target market. As per the recent development in society people became more keen towards using eco- friendly products and services in order to contribute for the betterment in the society (Williams, and Williams, 2017). This new car segment effectively justifies the eco-friendly aspects by giving luxury car experience. Company can achieve a huge growth in the target market by channelizing an impactful marketing campaign. SWOT Analysis The new car line carry the various strengths, weaknesses, opportunities and threats that will incorporate the company management to take competitive advantages in the target market. Strength:
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This car is eco-friendly in nature (Aquila, 2016). Due to electric feature this car will also reduce noise pollution level This new car will provide efficient car experience with low maintenance cost. This car includes simple mechanism system. Weakness: Electric cars seek extra time to recharge the battery power. Recharging infrastructure is also not sufficient across the world that create a huge hurdle in the decision-making process of the target customer's (O’Connor, 2018). It takes a lot of cost for the car users to change the battery. Even the eco-friendly nature people not look keen towards buying this car segment as they are more used too towards using oil segment cars. Opportunities: Governmentacrosstheglobeprovidespecialsubsidiestoenvironmentfriendly products. Thiscarseeknoextracongestionchargeswhichmakethiscarsegmentmore affordable. This car segment has a sustainable business opportunity even in future perspective. Threat: Competition is a huge threat from other competitors like Tesla and other electric auto-mobile companies. Rise of cost of electricity is also a huge threat for this car segment. Budget Board of Directors of Mercedes has set a marketing budget of 25000£Pound for the marketing campaign of this new electric car segment. Investment Techniques To meet the requirements of this budget company management is planning to approach banks and financial institutions in order to take a loan. Monitoring and Evaluation Monitoring and evaluation is also a crucial aspect of the marketing plan. Company management will utilise two techniques such as benchmarking and KPI evaluation to monitor and evaluate the success of this new product line (Dib, 2016). Under benchmarking strategy
company management will compare the market performance of new electric car as per the standard mark. Company will monitor the product sales from time to time under this approach and will introduce possible development on a timely basis. Company management will also use KPI technique in order to set the benchmarks for analysing performance. For KPI indicator company will follow the monitoring investment approach. Company will also focus over monitoring adoption in order to assess the performance of new electric car in auto-mobile market. CONCLUSION From the above report it can be concluded that marketing plays an important role in increasing sales, market share and profitability of company. Interrelationship between marketing and other functional units of company is necessary for achievement of organisational goals. It can also be concluded from above report that different firms use different marketing strategies in order to gain competitive advantages in the industry.Company focus is to build strong brand image in the market by providing qualitative services and products to customers. As strong brand image helps in increasing sales of new products by attracting existing and new customer. Lastly it can be explained that marketing plan of Dacia and Mercedes Benz helps in expansion of market share, sales and profitability of company in auto mobile industry.
REFERENCES Books and Journals Rivera, J., 2017. Marketing Principles. Garcia, E., Usiski, M. and Waken, B., 2016. Intermix Marketing Plan.Marketing.1009.p.11. San Román, M., del Pilar, M. and Morales Mediano, J., 2020. Marketing Management. Armstrong, G. M., and et.al., 2018.Marketing: an introduction. Pearson UK. Casey, R., 2019, April. External marketing. InBSAVA Congress Proceedings 2019(pp. 298- 299). BSAVA Library. Williams, R. L. and Williams, H. A., 2017. The Marketing Differentiation Process. InVintage Marketing Differentiation(pp. 5-18). Palgrave Macmillan. New York. Dib, A., 2016. Marketing plan: Get new customers, make more money, and stand out from the crowd. O’Connor, A., 2018. Marketing & Distribution Calendar (SEMIs). Aquila, A.J., 2016. The Marketing Plan: An Audit‐Based Approach.Bull's‐Eye! The Ultimate How‐To Marketing & Sales Guide for CPAs, pp.39-64. McDonald, M. and Wilson, H., 2016.Marketing Plans: How to prepare them, how to profit from them. John Wiley & Sons. Nykiel, R. A., 2016. Marketing Your Business-A Guide to Developing a Strategic Marketing Plan. Amofah, O., Gyamfi, I. and Tutu, C.O., 2016. The influence of service marketing mix on customer choice of repeat purchase of restaurant in Kumasi, Ghana.European Journal of Business and Management.8(11), pp.102-112. Eneizan, B., Abdulrahman, S. A. and Alabboodi, A. S., 2018. The influence of environmental marketing mix on the non-financial performance of solar energy firms: The mediating role of corporate image.IJAR. 4(7). pp.190-196. Koo, K. R., Kim, S. J. and Kim, K. H., 2016. The effects of internal marketing capability on export marketing strategy, B2B marketing mix and export performance.Journal of Global Scholars of Marketing Science. 26(1). pp.51-65. Mahajan, P., 2017. Incorporating 11 p's of service marketing mix and its impact on the development of technical education.Journal of Entrepreneurship Education.20(2). Poljić, M., Tešić, D. and Košutić, N., 2018. Participation of digital promotion in the promotional mix of small enterprises.Strategic Management. 23(4). pp.32-39. Online Root,G.2017.RoleofMarketingStrategy.[Online].AvailableThrough: <https://bizfluent.com/info-7807235-role-marketing-strategy.html>.
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