Table of Contents INTRODUCTION...........................................................................................................................4 TASK 1............................................................................................................................................4 P1: Key roles and responsibilities of the marketing function.....................................................4 M1: Analyse the roles and responsibilities of marketing in context of environment.................6 P2: How roles and responsibilities of marketing relates to wider organisational context..........6 M2 : Analysis of significance of interrelationship between marketing and other functions......7 D1: Critical analysis of key elements of marketing function within specific travel and tourism company......................................................................................................................................7 TASK 2............................................................................................................................................7 P3: Application of marketing mix to marketing planning process.............................................7 M3: Tactics applied by the company that help them in achieving the.....................................10 TASK 3..........................................................................................................................................11 P4, M4, D2: Strategic marketing plan for the travel and tourism company.............................11 CONCLUSION................................................................................................................................1 REFERENCES................................................................................................................................2
INTRODUCTION Marketing is a crucial function in every organisation which helps the companies to identify the needs and wants of the customers and accordingly delivering the value to them. It includes various activities such as research to identify the changes in taste and preference, promotion of the goods, their branding and many more. The organisations need to formulate various strategiesfor marketing which helps them to achieve their organisational goals effectively. Functions of the organisations are integrated with each other which will help them to reduces their efforts, save their resource as it reduces the redundancy of the activities and utilises the resources effectively. For this report the company that is taken into consideration is Cosmos Holidays which is a tour and travel company. Marketing analysis is done for the company which will help them to identify their existing strategies and new strategies that can be followed by them.Thisreportsincludesrolesandresponsibilitiesofthemarketingfunctions,their interrelation with each other, marketing mix of the company. Also a marketing plan is prepared for the company which will help them to achieve their goal. TASK 1 P1: Key roles and responsibilities of the marketing function Marketingis the art and science of identifying, creating and developing the goods and services with the help of which the target market can be satisfied. It focuses upon unmet need of the customers profitably (Kotler and et. al., 2018). Marketingplays a crucial role in the organisation as it undertake various activities to promote the goods and services of the company. It involves various activities such as advertising, delivering, selling and research for the products. Marketing function helps to identify the needs of the customers and accordingly they manufacture and provides the goods and services(Jones and Rowley, 2011). Also they are responsible for preparing marketing plan for the company, their product development, market development etc. For detailed analysis of marketing concept following concept are to be studies: ď‚·ProductionConcept: According to this concept, the focus of the organisation is on the mass production as it will reduce per unit cost for the organisation. This ensures availability of the goods to the customers easily and at lower prices as if the cost for the company will reduces due to mass production.
ď‚·ProductConcept: In this concept the focus of the company is to offer products to the customers as per their taste and want with continuously improving it. This will attract more of customers as the quality of the products will be comparatively better. ď‚·SellingConcept: In this concept the focus of the organisation is on selling more and more goods irrespective of the taste and preference of the customers. This can be done by them with the help of aggressive promotional campaigns as it make their customers aware about their products and services. ď‚·MarketingConcept: Marketing concept emerged in late 60's which focus on identifying the needs and wants of the customers which will help them satisfy their customers. The approach that they follows is customer first as they consider their preference in every aspect of their operations and offerings(Brady, 2014). ď‚·SocietalConcept: This concept is extension of marketing concept in which the society is also considered. It focusses upon sustainable marketing, where they are responsible for preserving the ability of future generations to meet their demands by satisfying the demands of existing ones. The key roles and responsibilities of the of marketing function are: ď‚·Meeting customers needs and wants: Marketing teams identifies the needs and wants of the customers which helps them in planning their strategies, activities accordingly. This helps the Cosmos Holidays to satisfy the customers by providing them the products which they want and expect from the company. Also it increases the value to the customers against the pay they make while exchanging. ď‚·Better product offering: Organisation generally offers a wide variety of products for which they need to take care of various factors such as packaging, designing, labelling etc. Cosmo Holidays tries to offers all the services which are expected by the customers so that their level of satisfaction can be increased(Scarborough, 2016). ď‚·Widens market share:As the marketing department offers services as per the needs and wants of the customers it helps them to satisfy the customers which them loyal. The customers of Cosmos Holidays are satisfied which then promotes them through word of mouth publicity. Also the marketing department of Cosmos Holidays offers various after sales services which includes taking feedback from them on the basis of which they improves their services.
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ď‚·Establishes marketing strategy:Marketing department takes the responsibility of formulatingmarketingstrategyaspertheoverallobjectiveandstrategiesofthe organisation. Cosmos holiday make marketing plans which helps them to increase their number of customers which will help them company to achieve their ultimate objective. ď‚·Marketing research: Marketing department of the Cosmos Holidays undertake the research which helps them to identify the opportunities in the market by understanding the customer needs. Marketing team of Cosmos Holidays identifies the competitors actionsandthechangeintasteandpreferenceofthecustomerstoensuretheir profitability(Soe, Moritaka and Fukuda, 2015). M1: Analyse the roles and responsibilities of marketing in context of environment The marketing department of the organisation helps them to achieve their goals by making their customers satisfied and this can be done by them by identifying the needs and wants of the customers. But they have responsibility towards environment also in which they have to consider the society whose resources they uses. The services provided by Cosmos Holidays should not affect the environment and this can be done by promoting public transport. Their responsibility is also towards their shareholders whom they have to provides the profits in terms of dividends and this can be done by increasing their profits. To fulfil their responsibility towards environment they need to offer quality services to the customers. P2: How roles and responsibilities of marketing relates to wider organisational context The integration of the functions of the organisation offers various advantages to the company as it helps them to achieve the goals by reducing the redundancy in the activities. This helps in optimum utilisation of the resources that can increase the sales and profitability o9f the organisation(Werner and Tang, 2017). The interrelation between various department are :ď‚·Interrelationbetweenmarketingandproductiondepartment:Themarketing department of Cosmos Holidays identifies the needs and wants of the customers on the basis of which they guides the production department to manufacture the goods and on the basis of which the production department in return provides them the goods by adding features or the new products(McDaniel and Gates, 2013).ď‚·Interrelationship between marketing and sales department: Sales department of the Cosmos Holidays takes the feedbacks from the customers and on the basis of which their
marketing department identifies the services which they need to add on in their existing services. ď‚·Interrelationship between marketing and human resource department: Marketing department of the company on the basis of the need of the sales force ask the human resources department to recruit new people or to conduct training programs for the employees. Human resource department in return provides them the employees on the basis of the requirements provided by them(Ragas and Culp, 2017). M2 : Analysis of significance of interrelationship between marketing and other functions The interrelationship between various functions of organisation helps them to establish coordination and integration. Their should be effective communication between these functional departmentsso that benefits can be mutually shared between them. When objectives of individual functional departments will be achieved then it will lead to achievement of the overall objectives of the company . D1: Critical analysis of key elements of marketing function within specific travel and tourism company The marketing function conducts research for the company which helps them to identify the impact of changes in their services also it helps in formulating various strategies which helps them to achieve their goals and objectives. In travel and tourism industries it helps to identify the destinations which are attractive to the customers which changes with change in time and seasons. This helps the Cosmos holiday to adjust their strategies according to the changes which are taking place. But it has adverse impact also as their customers belongs to different countries for whom a common strategy may not work and change for one may not acceptable to other. TASK 2 P3: Application of marketing mix to marketing planning process Marketing plan Strategies/ MixCosmos HolidayTravelsphere ProductCosmosHolidayprovidesawide range of package and services to the customers. The offers various services Travelsphereprovidesvarious authentic, genuine tours in which they provides all the related services such
such as booking of the hotel, taking permitsforvariouslocations, arranging the transport services for the customers etc. which are dependent upon the type of package taken by the customer. as transportation, food, hotel services etc. in various countriesthroughout the world. PriceThe prices that are charged by the company are economic prices as their aim isto cater more customersby making their services affordable. They alsooffersvariouscustomised packages which are priced as per the required services of the customers. The prices that they charges for their productsareeconomicandfurther they depends upon the services that are selected by the customers. They mostly provides customised tours for different destination. PlaceThey offers various holiday packages todifferentlocationsinwholeof Europe and other locations such as Asia,Australia,Americaetc.The provides such offers from their offices which established in UK and through their websites. The provides tour and travel services throughouttheworldfromtheir websitesandthroughtheirtravel agents. Also they have their offices. PromotionCosmosHolidayspromotetheir services with the help of social media as they believes that people are more active on that platform and it is very easyforthemtocaterfromthat platform. Also they promote through services through direct marketing in which they send the messages of theirs offers to their existing customers. Travelsphere promotes their services throughadvertisementsonsocial media, advertisements on magazines and by way of direct marketing to their existing customers which helps them to make long term relation with their existing customers. PeopleThe employees of the company areTheTravelspherearrangesvarious
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well trained which have the capability to convince the customers to purchase theirproductsbyeffectively marketingtheirservices.Cosmos Holidaysconductsvarioussession fortheemployeeswhichprovides them the complete knowledge about their services and offers. training programs for their sales team whichhelpsthemtoacquirethe detailed knowledge of their services. Also the training of the people helps them to acquire the feedbacks from theexistingcustomerswhohas availed services from them. ProcessTheprocessthatisfollowedby CosmosHolidaysisthattheyclub withvariousairlines,hotelswhich helpsthemtoprovideeffective servicesastheycaneasily communicate to each other. Travelshperehasstrongchannel partners with various resorts, hotels, transport service providers etc. which helpthemtoeasilycoordinateand provideeffectiveserviceswithout making any delays. Physical Evidence The physical evidence is the receipt that they provides to their customers when they take the package from the salesteamortheofficeofthe organisation.Theambienceofthe office also is a physical evidence. Thephysicalevidenceincase Travelshpere is the messages that they sendwhenthecustomertaketheir services and their website. M3: Tactics as marketing plan applied by the Cosmos Holidays that help them in achieving the goals The tactics are the short term strategy which an organisation can follow to achieve their short term goals.The Cosmos Holidays need to adopt various such tactics. The most crucial strategy that can be followed by them are of marketing mix which helps to identify various strategies related to products, prices, promotion etc. On the basis of such strategies they can easily take the competitive advantage. Also they can use the benchmarking which will help them to set targets on the basis of the best performer of the industry(Joshi,2012). They can also set
performance target for their sales teamwhich will make their employees productive and competitive. TASK 3 P4, M4, D2: Strategic marketing plan for the travel and tourism company Marketing plan-It can be defined as one of the most effective process through which it is easy for organisation to complete their work in short intervals. This determines with the help of marketing plan it is management of Cosmos holidays to delegate the work within appropriate manner. After an effective industry analysis it is identified that hotels is the best source in which the management need to invest in order to gain high returns. Strategic marketing plan vs basic marketing plan Strategic marketing plan works by driving effective strategy for organisation which leads management to gain competitive advantage in the macro environment. On the other side marketing plan helps the organisation to decide the methods and process through which employee's perform their works(Blythe and Martin, 2019). Strategic marketing planBasic marketing plan The strategy marketing plan is a plan which is basedupontheoverallstrategyofthe organisation. Whilethemarketingplanincludesvarious strategies and tactics which are to be followed by the marketing team to achieve their goals. Such plans are prepared for a longer period which is generally 3-5 years. Basic marketing plan are prepared for a shorter period which is for 1-3 years. Also it facilitates days to day activity of the marketing team. Strategic marketing plans helps to identify the marketing strategies with the help of which the overall business goals can be achieved. Thebasicmarketingplanprovidesvarious tactics with which the marketing campaign are implemented effectively. This plan includes the offerings which are to be made, the target market and the ways with whichthevalueistobedeliveredtothe customers. Whereas basic plan includes the what is to be done, the timing and the place where is to be done and the ways how the success can be traced. With the help of strategic marketing plantheThe basic marketing plan supports the strategic
investment in the marketing can be identified and managed. Also with the help of this the sales can be measured effectively. marketing plan and includes various actions which are to be implemented. Executive Summary:Cosmos holidays is one of the best organisation which is performing their work at multi-national level in tour and travel industry. Further, the tour operator manage their business under the Globus travel group. In this plan the expansion of cosmos holidays business will be covered. The main motive to formulate this plan is to increase business area of organisation by introducing their new hotel. Moreover, the organisation introduces new services in hotel which undertakes accommodation and restaurant services in the organisation to improve customer base for organisation. Situation : ď‚·SWOT Analysis : Strength ď‚·Cosmos holidays attracts large number ofcustomersbyprovidingeffective servicestoitscustomerssuchas lodging, transportation etc. ď‚·Cosmosholidaysisexpandingtheir business with a rapid speed by using its financial resources. It governs finance is the major strength for organisation. Weakness ď‚·Tourist industry provides wide scope therefore,cosmosholidaysface challenges due to change in seasonal facilities. ď‚·Employee'sturnoverratioofthe organisation is too low. So it works as major weakness for organisation. Opportunities ď‚·The present tourist is expanding their business area with a global level. So it works as major opportunity for Cosmos holidays. Threats ď‚·Thechangesintheenvironmentare unpredictable. Therefore, it is complex for cosmos holidays to provide similar experience to all clients. Objectives :The objectives of the company which the introduction of their own hotel is to increase their revenue by 20% within 6 months.
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Strategy : STP :It stands for the segmentation, targeting and positioning by which the industry analysis all of its factors to increase their market share.ď‚·Segmentation-The process of dividing the market into different groups can be defined as the segmentation process.In the context of Cosmos holidays the management is focusing on completing their work by managing the needs of organisation and its functions with motive of offering their services to all segments of people.ď‚·Targeting-Cosmos industry performs their work by analysing various factors which are related with organisation and its needs. The proactive selection of the market assist the organisation to formulate their policy as per the needs of market. It results this is easy for management to satisfy needs of customers in an accurate manner. ď‚·Positioning-This is the last process by which Cosmos holidays enhances the goodwill of organisation in an effective manner. Therefore, management emphasis on the process to increase the image by using effective tools such as digital platform as it helps to advertise hotel services at multi-national level(Baker and Magnini, 2016). Tactics:
ProductIt is the first process of marketing activities because a company needs to create product which a consumer want. As a tour and activity provider Cosmos holiday offers specific tour activities and services which is in demand and strive to exceed customer's expectations. Now, the company develop or introduce in hotel services that the potential customers of the company demands. PriceAs introducing hotel service the company opt economic pricing strategy to create large customer base by making services affordable. The prices are low at initial stage after that increase in time prices also raise. Along with this Cosmos holiday need to offer valuable experience which are worthwhile. PlaceCosmos holiday have to make their services available it facilitates their services through travel agents and available booking options on a wide range of platforms. They offer online booking facility in order to make reservations as well as developing mobile friendly websites also. PromotionCosmos promotes their hotel services by a various range of advertisement techniques or approaches as well as conduct market campaigns to boost their businesses in hotel service sector. In addition social media is also useful for promotion because as most of the customers are active on that platforms such as Facebook, Twitter etc. PeopleCosmos has their well trained staff which will help them to promote their hotel services as they can effectively convince the customers. For new services which they are planning to provides, they have to provide training to the employees. ProcessThey can easily make their services available to the customers as they already have better channels with the airlines, transportation services etc. Physical Evidence The receipts which they will provides will be the evidence of the services also the employees, ambience of the hotel will be the physical evidence. Action plan :
Budget Allocation: Cosmos Holidays prepare budget as it assist them to approximation of their cost and revenue which they can generate from the launch of the new product. It will also help them to put an exact requirement of funds to the finance department. Budget will help them to keep their cost low and monitor the financial performance by comparing the actual and budgeted cost per activity (Litvin and Pan, 2018). The budget statement is given below : ParticularsAmount (ÂŁ) Marketing10000 Promotional activity20000 Plant and machinery120000 Print media7000 Total148000 Controlling and monitoring :For every organisation it is important for them to control their activities while they implement any marketing plan in their organisation. This can be done by conducting audits of the activities and the expenditures. While the monitoring need to be done which can be done by effective supervision of the performances of the employees. This will help them to be on track and achieve their goals effectively and efficiently.
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CONCLUSION From the above report it can be concluded that marketing is one of very important functions of companies. It plays a very important role in making the customers aware of various products and services in which they are dealing with. The role and responsibility of functions of marketing is discussed which helps in development of understanding of basic role played by this function in the company. The interrelation between different functional department is analysed and it can be concluded that there is requirement of strong connectivity of marketing department with other functional divisions. Different aspects of marketing mix are studies which will help company in forming their strategies At last a marketing plan is prepared which will help company in bringing innovation in their existing product or service. 1
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