This report discusses the key roles and responsibilities of marketing functions and their relation to the wider organizational context. It also compares the marketing strategies of Cadbury and Nestle using the marketing mix. Additionally, it provides a basic marketing plan for Cadbury.
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Table of Contents INTRODUCTION...........................................................................................................................1 LO 1.................................................................................................................................................1 P1. Key roles and responsibilities of marketing functions..........................................................1 P2. Roles and responsibilities of marketing relate to wider organisational context....................3 LO 2.................................................................................................................................................4 P3. Comparing ways of Cadbury by applying marketing mix....................................................4 LO 3.................................................................................................................................................8 P4. Producing and evaluating basic marketing plan....................................................................8 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION Marketing is that term which is being defined as action of a particular business in order to promote and sell products and services with the help of marketing research and advertisements (Anwar, 2019). In other words it is the process that basically includes researching, promoting, selling and distributing products and services that has been produced by the organisation. In the following report, Cadbury has been taken into consideration. It is a British multinational organisation which is being headquartered in Uxbridge, West London. It conducts operations in 50 countries and above all around the world. It is basically known for Dairy Milk chocolate, Creme egg and roses selection box. In the following report, key roles and responsibilities of marketing functions along with their relation with wider organisational context will be discussed in detail. Further, the process of marketing of Cadbury has will be compared with Nestle with the help of marketing mix. In addition to this, basic marketing plan for Cadbury will be evaluated that would be helpful for cited company to achieve success and high profitability. LO 1 Covered in PPT. LO 2 P3. Comparing ways of Cadbury with Nestle by applying marketing mix. Marketing mix is that term which is defined as the set of actions or tactics that is being used by company is order to promote the brand or a product of that particular brand in an appropriate manner(Evans and Sherman, 2016). Thus, the ways of cited organisation Cadbury is being compared with Nestle with the help of marketing mix which has been discussed as per below context- 1
Bases of DifferentiationCadburyNestle OverviewIt is the British multinational organisationthatisbeing headquarteredinWest London.Itisthesecond largestbrandthatisbeing operatedinmorethan50 countries all over the world. It is the largest food company intheworldthatisbeing measured by revenues and is being headquartered in Vaud, Switzerland. ProductCadbury basically offers high range of products and offers various products in number of countries. The product that has been offered by them includes Chocolates,candies,biscuits Nestle is the fgirm that has a large and also diverse product portfoliothatincludes products in seven categories. Further, cited organisation gas theirfocusmainlyon 2 Figure1: Marketing Mix (Source:The Marketing Mix 4P’s and 7P’s Explained, 2019)
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and beverages, dairy milk, 5 star etc. It enjoys huge level of market share innovation of a new product portfoliothatisbasically baseduponcustomers changingneedsand preferences. PriceCadburybasicallyadopts Skimmingpricingstrategy through which prices are set veryhighinordertotake advantage of desires of some people in order to have new product or design at any price (HIDIROĞLU, 2019). Nestle has used varied pricing strategy in the era where there is high level of competition. Thus, products of Nestle has brought them in various types of pricing ranges that is from affordablepricetopremium and later on to super premium. PlaceThe distribution of Cadbury is fantastic and widespread. The channel of distribution plays vital role in making Cadbury toreacheachcornerofa market.Theyarebasically availableinbothurbanand rural areas. Nestle has divided its business in three primary zones that are basedongeographical markets. The products of this particular brand are available all over the world and it is possiblebecauseofrobust distribution channel. PromotionPromotion plays vital role in order to attract huge amount of customers. Thus, Cadbury uses proper mix of ATL, BTL and digital channels in order to create awareness and also to promotetheirproducts.The citedorganisationtherefore makes great efforts in order to maketheirproductreach Nestleisaworldfamous brandwhichbasicallyuses several number of marketing channels in order to promote its brand and products. Thus, along with digital marketing, social media marketing is also being used in the market. In additiontothis,ithasalso beenanalysedthatE- 3
peopleandalsotomake people aware of items. commerce has become both a channel in terms of sales and alsoformarketingforthe products of Nestle. PeopleCadbury has about 35 percent ofthelocalconfectionary market that basically employs morethan2300peoplein Australia. In addition to this, it employeesmorethan45000 employee all over the world and runs three factories at the same time. Nestle is termed as the worlds largestandmostdiversified food and beverages company thathasuniqueglobal footprinthavingaround447 factories which conducts their operationsin189countries. The number of employees that workswiththemincludes around 339,000 people. ProcessThere are number of processes thatarebeingusedby Cadbury so that they can get help in effective utilisation of resources that further leads in improvingthesystemsof business. The main aim of Nestle is to focus on maximising the profit ratherthantakingbusiness processes into consideration. Physical EvidenceThe logo of the Cadbury has not changed and has a great impact on the customer. The logo gets customers attracted towards them. Thus, physical evidenceplaysvitalrolein makingpeoplegetting attracted towards the brand. Nestle is the firm that is being creatingbetterevidence connectivity with the help of settingupthecornersof coffee with the logo on the vending machines. 4
LO 3 P4. Producing and evaluating basic marketing plan. Marketing plan is termed as that report that leads in outlining the marketing strategy. This marketing plan basically includes overview of business marketing and also the goals in terms of advertisement. Thus, basic marketing plan has been created as per below context- Executive summary Marketing plan is termed as a blueprint that helps organisation in going in right direction that further helps them in achieving long term success and also helps in analysing the way through which they can improve themselves in the best possible way they can(KHARBANDA, 2017). Company overview Cadbury is termed as one of the leading confectionary brand of the whole world. It was therefore established in Birmingham, England in the year 1824. The cited organisation provides huge varieties of chocolates, gums and candies to various sectors or consumers of different age groups. The numbers of employees that are involved in this firm are 46000 that too across 60 countries. This firm was basically owned by the British company. Vision/ Mission/ Objective Vision statement is that the employees that are involved in an organisation must work together so that they can create good relationships and high level of loyalty base. Mission statement of Cadbury is that to stay as simple as possible and maintain the quality by promising the customers. Thus, the reputation and image of the cited brand depends on the quality of a product that has been offered to customers. The main aim and objective of the cited organisation is to become the world’s best and largest confectionary company in such way that they perform better than that of competitors. Situational analysis In this term, analysis is being done in terms of internal and external factors of a business. In other words, it leads in identifying the capabilities of business, customers and also the environment by analysing their impact on business(Kotler, and et.al., 2018). Thus, Pestle and Swot analysis has been taken place which has been discussed as per below context- Pestle 5
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Political-The value added tax rose by 2.5% in the year 2010. This helped the cited organisation in order to increase the price of a chocolate and also reduce the sales. Thus, in UKs context the change of the government from that of labour party is bound in order to influence the operations that have been taken by Cadbury(Tuten and Solomon, 2017). Economic-The product that has been sold by the cited organisation is quite stable even if they face monetary downturn in the whole world. Thus, in the latest year recession was increased and it reached the peak in order to hit the lower end of its 4-6 %. Social-The cited organisation is responsible towards the basic needs and demands of customers. There are also number of concerns in western world that owes in terms of risingcaserelatedtoobesitythattoospeciallyamongchildrenthataffectedthe consumption of chocolates. Technological-Technology also plays significant role in packing and production of products that is being produced by Cadbury. They have taken recent moves that include pathogen testing systems and also filing various patents for heat resistant chocolate (Perreault, 2018). Legal-Cadbury is the most reputed brand which does not need any kind of security for protecting their brand. There are various substitutes but they cannot be compared to Cadbury as it is the reputed brand and has loyalty customer base. Environmental-There is a huge requirement of well developed environmental image therefore they have to try to invest in green technologies. Swot Strengths A wide variety of products It is one of the trusted and premium quality brand Employee strength of around 70000. Weakness Few instances in terms of recall of a product which is hampered the brand image. Controversies in terms of advertising that made international news. Opportunities Increase reach in rural market Diversification in related food segments. 6
Threats Increase in cost of raw material Inflation leads in causing sales reduction. STP process Segmentation Those people who buy chocolates either to eat or to gift. Targeting Those children and families that belongs to lower, middle and upper middle class. Positioning It is the sweet product that can be used for happy occasions or auspicious beginning. Marketing Mix Product- The product must be innovative and health conscious as people today are very much health conscious and try to consume healthy product that won’t affect their health. Price- Cadbury must provide their goods and services at reasonable price with high quality so that consumers get attracted to them easily(Ramli, 2017). Place- The products must be available at every corner of their market so that the audience don’t have to travel much for this brand and can easily have it without any difficulties. Promotion- The cited organisation must try to make people aware about the product by highlighting the actual information and try to reach the people by promoting on social media as today’s generation is very much attracted to social sites. Process- The process to produce these goods and also to promote it to the market must be easy and simple as possible. People- The employees of an organisation must be given with proper training and development programs so that they get motivated and maintain the relationships with customers in such way that they gets attracted towards the brand. Physical evidence- The design and packaging of a product must be very much creative and innovative that it attracts huge volume of customers towards the brand(Saxena, 2018). CONCLUSION From the above report, it has been analysed that Marketing department plays extremely significant role in order to achieve long term success and attracting huge volume of audience 7
towards the brand by advertising and promoting the product into market. Further, marketing mix is termed as the most important concept that helps the cited organisation to achieve the competitive advantage. In addition to this, marketing plan has been created that helps in analysing the actual strengths and weakness and the area where they have to be updated so that they can earn huge profitability and high productivity. 8
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REFERENCES Books and Journal Anwar, S. T., 2019. Kraft's acquisition of Cadbury: Was it an amicable transatlantic merger or a hostile takeover?.Thunderbird International Business Review.61(2). pp.439-451. Bailey, A. R. and Alexander, A., 2019. Cadbury and the rise of the supermarket: innovation in marketing 1953–1975.Business History.61(4). pp.659-680. Baker, M. J., 2016. What is marketing?. InThe Marketing Book(pp. 25-42). Routledge. Chokshi, P., Shah, H., Arora, R. and Agrawal, N., 2016. Perception of Consumers towards Cadbury and Nestle.Asian Journal of Research in Marketing.5(6). pp.8-27. Deepak, R. K. A. and Jeyakumar, S., 2019.Marketing management. Educreation Publishing. Evans, J. R. and Sherman, F., 2016. Improving NFW Product Planning Through an Analysis of New Product Failure. InProceedings of the 1979 Academy of Marketing Science (AMS) Annual Conference(pp. 295-300). Springer, Cham. HIDIROĞLU, D., 2019. AN APPLICATION OF SWOT ANALYSIS AS A STRATEGIC PLANNINGTOOL:ACASEOFCADBURY,INC.INCONFECTIONERY INDUSTRY.Uluslararası İktisadi ve İdari İncelemeler Dergisi. (25). pp.153-164. KHARBANDA, O., 2017.CONSUMER PERCEPTION TOWARDS CADBURY DAIRY MILK ADVERTISEMENTS(Doctoral dissertation). Kotler, P., and et.al., 2018.Marketing management: an Asian perspective. Pearson. Perreault, W. D., 2018.Essentials of marketing. New York: Mc Graw Hill. Ramli,N.S.,2017.AreviewofmarketingstrategiesfromtheEuropeanchocolate industry.Journal of Global Entrepreneurship Research.7(1). p.10. Saxena, A. K., 2018. Unit-6 What does Marketing Involve?. IGNOU. Tuten, T. L. and Solomon, M. R., 2017.Social media marketing. Sage. Online TheMarketingMix4P’sand7P’sExplained.2019.[Online]Availablethrough:< https://marketingmix.co.uk/> 9