This document discusses the roles and responsibilities of marketing function, the relation of marketing with other organizational roles, and how companies apply marketing mix to marketing planning process for attaining business objectives. It also explores the marketing mix of ASOS PLC and Urban Decay.
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MARKETING ESSENTIALS
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Table of Contents INTRODUCTION...........................................................................................................................3 Task 1...............................................................................................................................................3 P1 Marketing function's roles and responsibilities......................................................................3 P2 Marketing relates to organizational roles and responsibilities...............................................5 Task 2...............................................................................................................................................6 P3 Companies apply marketing mix to marketing planning process for attaining business objectives.....................................................................................................................................6 Task 3...............................................................................................................................................8 P4 Basic market plan for organization.........................................................................................8 CONCLUSION..............................................................................................................................11 REFERENCE.................................................................................................................................13
INTRODUCTION Marketing is a process which involves the management of activities and exchange of various goods and services in order to satisfy the needs of consumers. It is the primary component of business and commerce. Marketing helps in promotion of goods and services which includes advertising, selling and delivery of products and services to their potential customers as per their demand. An activity which is used by all business organization for the purpose of increasing business activities and profitability is known as marketing. It is required in every organization which helps to aware people and attracts them to purchase products and services. The main aim of adopting marketing is to increase the business performance and market share by selling the maximum number of products and services (Babin and Zikmund, 2015). To understand the concept of marketing ASOS PLC has been taken that sales cosmetic products according to customer needs and demands and this entity has its branches across UK and recently launched its new anti-ageing cream. Different concepts are going to be covered in thisreportlikehowmarketingmanagerplayrolesandresponsibilities,howrolesand responsibilities are relates to enterprise context and comparison of ways in which company apply marketing mix for achieving business objectives. Further it discusses about marketing plan which is design by marketing manager to increase the business performance. TASK 1 P1 Marketing function's roles and responsibilities Owners of business recognize their opportunity in the market in order to make money and sell their products and services in the market. It is the function which satisfies the needs and requirements of customers and these are undertaken according to the demand of customers. Marketing is the primary function within all organization that helps to increase the business performance and maintain the productivity. It may be difficult for companies to attract the people and sell them products without marketing function therefore, such function is used by all organization to improve the business performance by selling products (Alanen, 2016). This function is performed by marketing manager who prepares marketing plans and follow them in order to influence people and make buying decisions. In ASOS PLC marketing manager are performing different functions with roles and responsibilities that are as explained:
Gathering and analysis information:To collect the information and analysis them is the important function of marketing. This function is used by organization top know the needs and interest of people in market. The marketing manager of organization collects all relevant information and analysed them in order to introduce that products. The marketer of ASOS PLC plays an important roles and responsibilities such as they visit the market, collect information about customers and analysed them in order to performvarious business activities such as in order to launch their products company need to conduct research of market conditions which helps them in collecting the information in order to achieve the success.This function helps selected organization to find out the which product can give best opportunities in market for increasing productivity. Market planning:Plans are built by company's manager for the purpose of setting goals and achieve them effectively. Without planning it become difficult for organization to attain business objectives. In ASOS PLC marketing manager are playing a role of market planner who make plans and execute them for making profits. For instance, ASOS PLCdecided to increase business performance by selling the cosmetic products for men and women. In this situation marketer plays role of planner and perform responsibilities by making plans that helps to attracts people and emphasis them to avail particular goods and services (Kucuk, 2016). Products design and development:Now a day’s people get more attracts with design and development of products that helps to sale more products. The design of products should be very attractive which can influence people for taking such product. In ASOS PLC manager are playing a role of design analyst that helps to make new designing products in order to attract customers. Therefore, design and development of any products is important that influence people for buying products. Standardisation and branding:People are highly aware about standard and brand of products which differentiate from others. Standard determines the size, quality, weight, colour, design and raw material to be used for preparing particular product. And branding determines image of particular company which helps to increase sale. In ASOS PLC, marketer plays roles and responsibility of maintain standard of products by providing better quality of cosmetic products. For instance, marketingmanager analyse the information andprepare better quality cosmetic products which maintain the brand and standard of products. This function provide satisfaction to customer as they has not any side effect from products.
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Product pricing:Pricing is the important factor for organization as well as customers which helps to thought about buying decisions. Prices of any products and services affected by cost, competing product, government policy, tax rates and rate of profit. In ASOS PLC, manager's role and responsibility are defined as they set the prices of cosmetic products and services by including all expenses of organization and maintain profitability (Caragher, 2016). Therefore, marketing department of ASOS PLC collect information in order to launch their products as it helps in achieving the success of marketplace. Moreover, its designs and pricing also helps them to attain the sustainability which helps the company in order to attain the businessenvironmentandmanyfunctionssuchasproductplanning,standardisationand branding, product pricing etc. are performed by marketing manager of ASOS PLC.Manager analysis the market and understand needs of customer then manufacture products and services accordingly in order to increase production and profitability. M1. Analysis of roles and responsibilities of marketing Thediscussedrolesandresponsibilitiesareimportantforthemarketersorthe departmental manager in order to launch their products in the market with least risk factor which helps them to gain the competitive edge of the environment. Marketing functions and its activities helps in identifying the various opportunities and threat from market. Marketing activitiesarecommonineveryorganisationwhichinvolvesmarketresearch,strategies, promotions, plans and customer services and many more. It include various functions and responsibilities of the company which helps in achieving the success of an organisation and also responsible for them. These functions has various roles and responsibilities in the market in order to promote its success factor and attain the growth of company. These responsibilities are performed by the marketing department of ASOS PLC helps them in achieving the sustainability and profitability of market segment. P2 Marketing relates to organizational roles and responsibilities An action or process which helps to promote, and sale of products and services is consider as marketing. This is essential for business concern to use marketing and promote their products in order to maximize sale of business organization. In other words, it is business process that is used by organization to create relationship between customers and business industry. Marketing manager are performing various roles and responsibilities within ASOS PLC
that helps to makefeel good customers (Koskinen, 2016). The relation of marketing with different roles and responsibilities are as defined: Relation between marketing and research department:Research and marketing both departments are related with organization. Research department analysis the needs and collect information about people that helps to develop new demand within organization. After analysing research, they coordinate with marketing department which helps to influence people by giving advertisement and other marketing activities. In ASOS PLC marketing manager playing roles and responsibility by researching the market and analysing needs that helps to develop products according and marketing department helps to increase the demand of particular products in order to maintain profits. Therefore, managers are playing essential roles and responsibilities within organization which are related with each other and increase productivity. Relation between marketing and HRM:HRM refers human resource management who manage all activities by making policies and legislations. It is important for organization to follow HRM policies in order to achieve business objectives. For instance, Marketing department of ASOS PLC has decided goals to raise their performance and business activities with the help of marketing. This department communicates with HRM department for selecting marketing candidates who have knowledge about market and able to attracts customers. This roles and responsibility is managing by marketing manager and HRM manager who are related with organization and helps to improve the business performance (Brunello, 2016). Relation between marketing and Finance:Marketing and finance are important part of business organization which are related with organization context. For instance, In ASOS PLC marketing manager plays role by setting the goal and finance manager helps to performing marketing activities by providing finance. Therefore, responsibility of marketing and finance manager is to make marketing plan and get funds from finance department in order to increase business performance. Therefore, marketing is relating with finance within organization. M2. Analyse the significance of Interrelationship The preceding discussion about the departments are based on their working which they need to do in order to improve their coordination and coordination and achieve success in the market. Their appropriate coordination becomes the reason behind the success of their expansion in various segments and regions of market. By the above discussion, it is analysed that these departments contribute their efforts with the help of their interrelation which is helpful in getting
the appropriate information from each other as it is helpful in their assigned task. Thus, their interrelationship describes that how efficiently and effectively these departments work to attain the growth and success in the business environment and their link shows the importance with marketing activities. Marketing department conveys different kinds of information in order to market their products and services which helps in increasing their productivity, sales and profitability. Finance department helps in providing the budget in order to carry various marketing activities such as advertisement, promotion in an appropriate way. Therefore, their interlink plays an important in achieving the growth and success of an organisation. D1. Critically analyse and evaluate the elements and functions of marketing and how they interrelate with other functional units Marketing refers to the exchange of various products goods and services in business environment. It depicts the different roles and responsibilities of marketing manager which they should fulfil and keep in their mind before launching their new product in the market. Different roles and responsibilities are useful in order to analyse the position of company and how they interrelate with other departments of an organisation. The discussion is based on the importance of various departments of an organisation and their interrelationship with each other. Research is essential because it helps in determining the behaviours and demand of customers which is helpful in satisfying their requirements. Additionally, there is a close link between the marketing and organisational functions of company. Their interrelationship depicts that various marketing functions are important as they are the contingent for other operational departments of company and need to perform their functions efficiently and effectively. For instance, if ASOS PLC want to execute their marketing plan then they there is proper coordination among the HR department, finance and sales department. They need to coordinate with each other in order to smooth functioning and running of an organisation. TASK 2 P3 Companies apply marketing mix to marketing planning process for attaining business objectives Marketing mix is the collection of various tactics and actions which are used by companies in order to promote its products and brand within business market. The main object of business organization is to increase the sale of business organization and maximize profits.
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Marketing mix helps to understand the strategy of other company and changes can make accordingly. In other words, marketing mix is about putting right product in right place at right prices which influences customers and maximize the sale (Järvinen and Taiminen, 2016). For instance, ASOS PLC's marketer concentrate on marketing mix and give their contribution to perform business activities effectively. The marketing mix of ASOS PLC and Urban Decay are mentioned below: Illustration1: Marketing Mix, 2018 § Source: Marketing Mix, 2018 BasisASOS PLCUrban Decay ProductDifferent types of products are selling by ASOS PLC company for men as well as This is top best company UK which dealsincosmeticproducts.Italso
women. It mainly focus on women needs and desire then introduce that kind of cosmetic products. Women's product like lipstick, eye liner, body lotion, lip gloss, spray,perfume,conditioner,shampoos andhaircareproductswhichattracts people(Davcik and Sharma, 2016). maintain portfolio brand in which it introducenewproductsandservices accordingtocustomerdemands.It offers men and women's care cosmetic items like lip gloss, liner, lotion, spray, scrub etc. which influence customers (About Urban Decay, 2019). PriceIt is adopting price skimming strategy due to having top brand. It charge high prices fromcustomerbecauseofproving different and suitable cosmetic products andnothavinganysideeffects.The prices of its products are in the range of £39.32 to £48.80. UrbanDecayisfocusingonmarket penetration pricing strategy. It offers betterqualityofproductsandmore recognizable that gives satisfaction to people. The prices offered by company is between£48.52 to £52.98. PlaceIt has more branches and may many more onlinestoresfromwherepeoplecan check out and make buying order to get particular product. It also used some sites which helps those customers who are not availabletopurchaseinUKstores. Company use place like shops, malls and itsownstoresinordertoselltheir products. It provides online and offline products in many countries and places. It also provides products at too faced websites whichiswellknownwebsitesthat make become easier for customer to buy products.Company use place in order to sell their products like online market and many more. PromotionPromotionisthewayofinforming customersabouttheirproductsand services. ASOS PLC is using celebrity endorsement which is one of the most popularwaytopromotecosmetic products.Morethanthisituses advertisement,socialmedia,launching UrbanDecay isalso using celebrity endorsement like Kate Moss is one of the mostpopular UKactresseswith thousandsoffansthatpromote productsandchangethepeople mindset.Moreover, social media and YouTubeareusingbysuch
event etc. to inform people.organization to promote the products. ProcessASOSPLCprovidesbetterdelivery servicesliketransportation,home deliveryetc.whichbecomeeasierfor customer to get delivery of products in fixed period (Olson Beal and Beal, 2016). Such company adopts different process likeITsupportservices,physical delivery and research and development processwhichinfluencepeoplewho areinterestedtobuyproductsand services.Company use home delivery and manual shopping in order to deliver their products. Physical evidence It has more than 50 branches and also offersonlineshoppingthatrepresent physicalevidence.Companyuseits packaginginordertoattracttheir customers. It offers Super drug store that helps customers to see products. Moreover, it providesphotographsofnumerous brandedproductsthroughdisplays which attracts people.Company use the appearance of its store and its website. PeopleManyemployeesareworkingwith organizationatdifferentprofilewho determines the quality or service which customerswillreceive.It makehappy employees that keeps customers happy by providing best services. Here also manypeopleare working who understand people's demand and strivebestserviceswhichhelpsto increase productivity and profitability. Therefore, marketing mix is the way of setting action plans and implement within organization in order to maximize production and profitability. For instance, marketer of ASOS PLC analysis the market and compare with other organization to know the all factors and changes own policies to get higher return by providing better quality of cosmetic products and services.
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M3. Evaluation of different tactics applied by organisation Marketing mix influences the various departments of an organisation as the marketing manager should realise the need and requirement of marketing of offered products and services as they bring various new approaches. The strategies which are applied by ASOS PLC is penetration pricing policy which is helpful in achieving the competitive edge of business environment. For this, they initially set low prices of product in order to attract more and more customers towards their offerings. Furthermore,companyprovidetrainingtotheiremployeeswhichishelpfulin encouraging and motivating them in order to retain the talent which helps in increasing the performance of company. As training is helpful in increasing the productivity and profitability and eliminates the employee’s turnover which is helpful in increasing the reputation of company. Task 3 P4 Basic market plan for organization A comprehensive written document that helps in advertising and marketing in order to increase the product line. Market plan is prepared by all marketing manager to introduce something new and increase number of customers. This plan is used to define the future goals by maintainingproductivityandprofitability(CabreraandWilliams,2014).InASOSPLC marketing manager set a marketing plan in order to achieve future goals that are as explained. Executive summary:Marketing refers an action or activity used by business organization to promote the products and services. It includes various steps to inform people about new product. Different topics to be introduce in such report like vision of company, strategic objectives, budget to launch new product, situation analysis and marketing mix that helps to maximize the production within organization. About Company:ASOS PLC is selling cosmetic things along with better quality and brand image. It serves its products in more than 50 branches which
helps to make higher profits. As ASOS PLC is growing rapidly and theestimate growth of such company is 10% by 2020. The marketer of ASOS PLC analysis the market and found people wants anti-ageing products due to having face problems and old age. This is new product which management has decided to launch, and manager will use marketing to promote the product. It believes that this is unique product which will attract more customers. So ASOS PLC is planning to launch new anti-ageing cream product. (Cooper and et.al ., 2014). Vision and mission:The mission statement is “ Look young forever ” that attract people to purchase products and maintain trust on such organization. Moreover, to maximize the profits for returning to shareholders. Market objectivesTo reach the global marketby focusing on beauty and fashion industry. To sustain continuous growth of beauty business industry. Industry AnalysisASOS PLC falls in beauty industry with other developing companies like Loreal, Urban Decay, MAC etc. The beauty industry is moving towards more lifestyle and fashion conscious consumer. It has been analysed that in beauty industry is moving towards more lifestyle conscious consumer. So company is trying to introduce new product for the purpose of grab opportunities (Eng, 2017). SWOT Analysis:Strength:ASOS PLC is leading brand name and it has large scale of businessactivities.Itgivepreferencetocustomer'sneedsand manufacture products accordingly. It has wide range of products and provides online or offline products to customers. Moreover, it offers better quality of products which attracts more people. Weakness:There are many competitors of ASOS PLC which are becoming reason of low sale. High prices of products than other brands. Changes in government policies and regulations due to which production may fluctuates (Fırat, 2013). Opportunities:Skilledandwellperformeremployeeswho understand needs and puts efforts to complete task. To maintain trust
of customers and quality of products. Many online stores are available that make happy to its customers. Highly updated on technology and other services. Threat:The major threats of ASOS PLC is intense competition among many beauty firms. High dependence on its partners and suppliers which makes them vulnerable. Changes in fashion and cosmetic items. Marketingobjectives and strategies: To increase customer base by offering better quality of products. To maximize the number of customers and capture more market share by selling the products (Guffey and Loewy, 2012). Market segment:Demographic:ASOS PLC is focusing on 15 – 65 years people whether male and female. Psycho graphic:Such organization focuses on lifestyle of people and prepare new product for meeting with new lifestyle. Targeting:This new product will target more than 30 market by providing products. Positioning:It is becoming as lead position in business environment. Financial information:Manager of ASOS PLC has designed a financial budget such as: From the below financial budget it is concluded that company took total£14500in2018and£14500in2019whichincludethe operations, financial and investment activity. 20182019 Operation activity£ 7500£ 8000 Financial activity£ 5000£7000 Investment activity£2000£4000 TOTAL£14500£14500 fMarketing Mix:Product: ASOS PLChas increased its product mix by creating new product which an anti-ageing cream for their potential customers in
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order to look them young. Price:Retail pricing strategy is adopting by marketing manager which helps to attracts customers and increase sale. Place:Forever Young is going to introduce firstly in London, UK that helps to make decision about expanding the location. Promotion:ThemanagerofASOSPLCareusingcelebrity promotionalactivities,youtubeandadvertisementinorderto promote their product. Physical evidence:It will give offline as well as online facility to purchase such product.Company also sell its products because of its appearance and packaging which helps in attracting the customers. Process:Attractiveandfastdeliveryservicesareusedby such company to distribute the products (Ottman, 2017). People:Employees are skilled and positive behaviour who attracts customers towards products and emphasis them to buy product. Market Evaluation:Marketer of ASOS PLC evaluate the market and gather information about products. People are extremely interested to get such product.In order to sell its products in the market company need to conduct more and more research in order to attain suitability and profitability. Monitor and control:Inthisphasemanagementofchosencompanymonitorthe performance and control over business activities that helps to maintain the profits by maximize sale (Wilson and Gilligan, 2012).Monitoring and controlling is important in order to gain its productivity and it also helps in tracking the progress of product. Therefore, this marketing plan is very effective which is prepared by marketer of ASOS PLC within organization. It will help to launch new product successfully by analysing the needs. Marketing activity also will help to attain business objectives by following market plan.
M4&D2. Evaluation of strategic marketing plan Marketing plan is a document which represents the different strategies, policies and plans which are regarding to new product as it is helpful in success launching of product and also reducing the elements of risk. It is helpful in developing and conducting the research of business environment and determine the various needs of customers. It involves the marketing mix which is brilliant way to make sure the specific product is placed at the right place. Marketing mix is important technique which helps in understanding that which kind of goods and services are offered by the company and how their plans and policies are successful in order to offer their products. It is a variable which includes 7P's as it is helpful in satisfying the needs and requirements of their targeted customers.Product:Product of an organisation include the quality and customer service which they offer. ASOS PLC need to fulfil the needs and demand of their consumers with their offerings.Promotion:The effective communication with the customers helps in developing the marketing, personal selling and advertising of its new product which is anti-ageing cream.Price:Pricing is the most important part of marketing mix and currently ASOS PLC use penetration pricing which helps them in attaining sustainability for them.Place:Their store's location are the approachable for their target market or customer and deliver the best part of goods for the consumption of customers.People:The individuals or person which include the management, staff, employees etc. of ASOS PLC.Process:It is the procedure of the organisation which is customer focuses.The primary objective of the company is to provide or deliver the goods to their customers. Physical evidence:Experience of customers must be good such as delivering the qualitative products to customers and the personality of the representative of the store.
CONCLUSION Marketing term is related with exchange of goods and services that satisfy the needs and wants of people and increase business performance. This is important for organization to prepare marketing plan for the purpose of achieving future goals of business. Company should focus on marketing mix that compare with other organization and make changes accordingly. There are different marketing function which are plays by marketing manager in order to increase the performance and profitability. Marketer plays essential role within organization as they analysis the customer demand and communicate with all department to manufacture that kind of products in order to maximize sale.
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