This document discusses the key roles and responsibilities of the marketing function and how they relate to the wider organizational context. It also compares the ways different organizations apply the marketing mix to achieve business objectives. Additionally, it provides a basic marketing plan for an organization.
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK 1............................................................................................................................................3 P1.Explain the key roles and responsibilities of the marketing function....................................3 P2.Explain how roles and responsibilities of marketing relate to the wider organisational context.........................................................................................................................................3 TASK 2............................................................................................................................................4 P3. Compare the ways in which different organisation apply the marketing mix to the marketing planning process to achieve business objectives.......................................................4 TASK 3............................................................................................................................................4 P4.Produce and evaluate a basic marketing plan of an organisation..........................................4 CONCLUSION...............................................................................................................................5 REFERENCES................................................................................................................................5
INTRODUCTION A market is a place where buyer and seller come together for exchange of goods and services. It can defined as the collection of people who wish to buy the product with wide range of product at a point of time. Marketing is the essential part of the business(Soboleva and et. Al, 2016).It is concerned with the promotion of goods and services to increase the sale of the company. Marketing department plays important role in any organisation. It derive sales and provide necessary research of the maker for knowing target market and potential customer for the company. Tesco is the chosen organisation for this report, It is the multinational company which is established in Welwyn Garden City, England. It is the third largest retailer in the world. The report will cover theroles and responsibilities of the marketing and how marketing is coordinating to order department of the organisation. Further it will cover the marketing mix of Tesco with its strategies and preparing of marketing plan for the organisation. TASK 1 P1.Explain the key roles and responsibilities of the marketing function. Marketing is an important function for any organisation, It deals in advertising and promoting the products and services of the company(Pooler, 2018).It the duty of the marketing department to reach out to the customers, investors and prospects. It help in managing the all the promotion related activities. There are various roles and responsibilities of the marketing department that are follows: Definingandmanagingthebrand:Marketingdepartmentisonewhomanages promotional activities in the organisation and the first and foremost duty is to define their profile in the marketing and explain what is to be achieved, what is the business plan for the company. It defines the experience of target customer with the product and services in the marketplace. Tesco is also conducted all the brand management task todefines its various aspects in the business and their effectiveness in the market. Conducting campaign management for marketing initiatives: For the effective promotion oftheirbrand(NovelaandHansopaheluwakan,2018).Marketingmanagerconduct various campaign to start the marketing of product and services in the marketplace and analysis the need of the market andIts effectiveness in the organisation. With help of
effective marketing, organization can achieve the good profit and generate high sale. Tesco also conduct the initiate for the marketing and introduce the various ways of marketing and advancement in the product and services to attract the potential customer and target the customer. It will leads the organisation to expand their target market. Producing marketing and promotional materials: It involves the creation of various promotional tools for the effective marketing for the core products and services of the company and attract the customer and expand their target market. With the effective use of the promotional material by the marketing department. It will help in developing the new market with the potential customer. Tesco is the leading organisation that manage the large market segment and this is beneficial for the company to work with new promotional tolls that will help in effective marketing of the goods and services of the company. Creating content providing for website: When the company is working of social media platform and it is the first place where customer or the target market approaches the company profile their product and services offered. It will help in creating the good content for the website so that potential customer can be attract to the website shop and purchase product and service. For making website strong, It is necessary to have the social media guide who can manage the website and add required things in it. Producing internal communications: This is the important role of the marketing department to have the effective communication within the organisation so that each information can reach to every employees in the organisation and have proper flow of communication(Martin,2017)..It will help in effective marketing by knowing each factor of the organisationand Tesco is the large organisation that deals in large number of employees. It will benefits the organisation to achieve its business goal. P2.Explain how roles and responsibilities of marketing relate to the wider organisational context. Marketing department is concern with promotion of business and drive sales of product and service in the market. It needs high attention of all the activities in the business. The main motive of this department is to generate higher revenue and earn maximum profit. This is the main department which concern with the marketing department(Kelly, Johnston and Danheiser, 2020). (Kimura,2017).There are various roles and responsibilities of marketing department with other department are as follows:
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Finance and marketing: Finance is the department which is concern with the procurement and investment of funds in various business activities. It make the budgeting plan and then locate the funding in all the department.It ensure right implementation of all the funding in the organisation and with the help of sufficient investment in the marketing department company can use various means of promotion to increase its sale and earn higher revenue. Tesco can generate more sale after procurement of sufficient fund with the help of proper coordination in finance and marketing department. Human resource and marketing: Human resource department is responsible for selecting the potential and talented employees in the organisation so that they can give their best to achieve the goal of the organisation(Kautish and Rai,2019).If the HR manager ensure hiring of skilled and knowledgable employee in the organisation. This will help the marketing department to get the talented employees who have good skills of marketing and convincing the target costumer to buy their product and earn maximum profit. Tesco willearnmoreprofitwiththepropercoordinationbetweenhumanresourceand marketing department with the help of potential employees. Sales and marketing: Sales department is responsible for managing the sales related aspect in the organisation. This is concerned with the activities and processes that enhance the sale of the organisation in a effective manner with a systematic approaches of strategies and objectives. If this department coordinate with marketing department then with the help of effective advertisement, sales department increases their sale and generate more profit and revenue. This is the main department which can ear maximum support with the marketing department. They can innovate new ideas of marketing that will help in generating higher sale in the organisation. Tesco can increase their sale by coordinating with the marketing department. Information technology and marketing: IT department is concern with the digitalization in the organisation and using advance technology in the operations(Hamlin,Knight and Cuthbert,2016).It can be using of social media as a marketing medium or using email marketingintheoperations.Thiswillhelpineasyandquickoperationinthe organisation.Ifmarketingdepartmentcoordinatewiththeinformationtechnology department, It will help in getting new ideas of ideas and innovation in the business strategies in the operations. Tesco can meet the demand of goods and services by using
various new technology in their business operatons that will help in generating higher profit and sale and leads to increase the market segment with their targeted customer. Research and development and marketing: R&D department is responsible for innovation and research for new project and the strategy to develop the product(Glassman and et. Al, 2018).It will help in identifying the current trands of the market and then manufacture the good. Maketing team will do higher and do their level best with the help of informationtechnologyandtheiradvancementinthemarket.Tescocanproduce excellent product and services with coordination between maketing bad IT department and leads the organisation to grow. It will enhance the level of maketing and doing advertising by using current tools of promotion that matches the TASK 2 P3. Compare the ways in which different organisation apply the marketing mix to the marketing planning process to achieve business objectives. Marketing Mix It is a tool for marketing which comprises of certain actions and strategy that helps to uprise the market value of product or its brand(Folinas and Fotiadis,2017).It helps to make proper business plan under which a company may work and may increase its brand and product value.This mainly comprises7P'swhich helps the company in making a good marketing strategy. Marketing mix of TESCO and its rival is given below: Elementsof Marketing mix DefinitionTESCOSAINSBURY ProductIt refers to the items whichweremadeby the company to satisfy thecustomersneeds with proper assortment and branding. Itdealswith diversifiedproduct rangeoffood, clothing,financial services,electronics etc. Itdealswithfood (dairy,dessertsor bakeryproducts) beverages(wine, champagne) households(laundry,
cleaning)beauty, baby products etc. PriceIt is the amount which isdecidedbythe companyfortheir product. Itappliescost leadershipstrategy byproviding minimum prices and it change its price as by changing market conditions. Itadoptsthe competitivepricing policy where they set their prices according to the rival company, theyuseprice discriminationof productsbytheir position in market. PlaceItreferstothearea wherethecompany triestoselltheir productsbasicallythe marketwhereproduct is introduced Ithasmorethan 3400storesinUK with wide variety of productstheyhave strongbrickand mortarpresence, theyalsoprovide onlinedealingin products. Itisthelargest retailer of grocery in UK,itcoversmore than 1400 shops and alsocoversonline marketingwith sellingproducts online PromotionItreferstothe advertisementsofthe productforincreasing itssalesthrough different platforms Theyusevarious platformsfortheir promotionsuchas advertisementson television, YouTube, newspapers and tries to give personalised offerstotheir customers. ItadoptsbothATL and BTL promotions strategy by launching adsonnewspapers, tv, billboards etc. its websiteprovideall thedetailsofthe productsandalso theirpromotional activity. PeopleItreferstotheTheydividetheirTheyhiretrained
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employeesandlabour workingwithinthe company needs to be in agoodrelationwith their employees, agents or distributors. employeestaffin teamsaccordingto theirskillsand knowledge so as to give proper services to the customers. professionals and also providestrainingto the new joiners their employeesworkon agendaofsatisfying customers need. ProcessIt refers to working of companyina systematicmannerso there may not be any misunderstanding in the company. They provides good buyingprocess wherecustomers gets facility of both onlineandoffline workanditgave them various offer in both areas. They give clickand collect facility where they delivers products atearliestandalso provideschangesin priceswithvaries discounts. Physical evidenceItcoversallthe physicalenvironment there layout , premises soastoattract customerswiththeir outer look. There stores are kept clean and quiet and theirproductsare keptindifferent section there website is simple easy to use andcustomer friendly. Therestoredesigns andlayoutare differentandthere basketsandshelves aredesigned impressively to attract customers. TASK 3 P4. Produce and evaluate a basic marketing plan of an organisation. Overview of the company Tesco is the British retailer in the United Kingdom. This is founded by Jack Chosen in London. this company deals in general use items and groceries(Earley, 2016).They do not manufacturers the goods and services which harm the environment and the society and always try to do CRS activities to contribute in the society for their economic growth. Now the manager wants to expand their business's in to new market places and It introduces some organic food
items in the market so that company can earn higher sale and profit in the large market segments with target customer. Executive summary Tesco is the multinational company and planning to launch the new product in the market. The product will be organic food item with keeping in mind the current eating habits of the society and busy lifestyle. Organic food is good source of energy and it gives required vitamins and mineral to the body. Tesco is planning to introduce the product and the market place will be London market. Promotion strategies will be social media platform and direct marketing. The prices of the product will be nominal so that every one can buy the product easily with their purchasing power. Mission The mission of the company to is to give the excellent product to their potential customer to meet the need and demand of the target customer and leads the organization to generate high revenue and earn maximum profit in organization. This will help in creating the good brand image in the market. Vision The vision the Tesco is to be the market leader in the United States and offers satisfactory products to the potential customers. It also ensure the provide the product with fully safety and ensure proper hygiene in the work place in various operations of business. SWOT Analysis StrengthsWeaknesses 1. The company have a good reserve of funds and profit for the future growth in the market and have good brand image in the market. 2. Retailer has a good history in UK and Tesco will sustain the market for a longer period of time. 1.Companyisproducingthehigh quality product that incurred high cost and some people are not able to buy the product and services of the company. 2. Company is working in large market and facing political issues and are not able to manage all the norms. OpportunitiesThreats
1. Company have the opportunities to expand their market in to new areas. 2. there is a online platform opportunity for the company and deals with the largemarketplacewithtargeted customer. 1. company is facing high competition in the market and have a high risk of loss. 2.Company is facing the economic recessionintheUKandfacing decrease in profitability. Objectives To expand the market across the world and generate high revenue and leads to higher profit.It also focuses on providing quality goods in large market and ensure proper supply of goods and sevices in all the areas. Also, ensure positive working environment to the employees. STP model Segmentation:It is the process of divding the population in to homogeneous group on the basis of geographic, demographic profile. Organisation find it difficult to cover the whole maker as their targeted market. So segmentation is done for the dividing the specific group of people. Tesco is the multinational company and deals in large market segment. Company can earn maximum profit by offering organic product at specific market. Targeting:It is the process of targeting the segmented audience on the basis of their age, taste, culture etc. Coutomer will be targeted on the basis of their income. Tesco will offer organic product at fair price and benefit the middle class people by its services and it help contributing to the economy and the society. Positioning:It is the process of creating brand image of their product in the market and position their product. It is refers to place in which a brand image set in the mind of customer and this will leads to earn maximum profit and generate more revenue with good brand image in the market. Tesco will positioned their product and create good brand image in the market with enhancing the quality of goods and services so that audience will be attract at large and leads to grow in the market Tactics- Marketing mix
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Product-The company is planning to introduce the organic food items in the marketing that will help the company to create good brand image in the market and customer will get natural product. Place-The company will introduce their organic product in London market to cover the large market segment and generate higher sale and earn maximum profit with the new product in large market segment. Price-Thepricesoftheproductwillbenominal.Companysetthepriceswith consideration of general public of UK that everyone in the organisation buy the product in easy approach. Promotion-The company will use social media platform and direct marketing to promote their product in the market and attract the large market segment in the London. Action plan Controlling and monitoring The organization will do Bench-marking for controlling and monitoring the flow of work in the organization.Benchmarkingistheprocessofcomparingthebusinessactivitiesand performance to the industry and trying best practices of their company to meet the competition. Tesco is the leading organization and have lot of competitors in the market. Bench-marking will hep the company to meet the trends of current market and generate higher revenue. CONCLUSION It is concluded from the above report that marketing department has significant role in the smooth running of the business. There are various roles and responsibilities of the marketing department in advertising and promoting of their product and services. There are various departments to which marketing department have to coordinate with them to achieve their business goal and earn maximum profit. Human resources play important in enhancing and increasing the effectiveness of marketing department by hiring the skilled and knowledgeable candidate in the organization. Furthermore it also covered the marketing mix of Tesco and also explain the factors of competitors in the market and report also makes the marketing plan and Tesco plans to introduce organic product to provide good quality of product with no harm and explain the strength and weakness of the company.
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