This presentation provides an overview of marketing essentials, including the importance of marketing in organizations, the marketing process, and the roles and responsibilities of a marketing manager. It emphasizes the significance of marketing in achieving company goals and objectives.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing Essentials
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS •Introduction •Overview on Marketing Process •Roles and Responsibility of marketing manager •Importance of Marketing role •Conclusion •References
INTRODUCTION Marketing can be defined as a process in which goods are brought and sold so as to satisfy the needs and wants of the customer. It is a exchange process basically which is highly used for promoting the product in the market and increasing the sales as well. If marketing department will not be present in the company then no organisation will be able to gain success in themarketorunderstandtheneedsandwantsofthe consumer.
Overview on Marketing Process Marketingcreatesvaluefortheproductthatfirm manufactures for its target audience.Marketing planning processcan be defined as a process in which the marketing team plans and organises various marketing activities which will be performed by staff in long run so as to achieve goals and objectives of company. It is a very important process that needs to be conducted in every company. It is designed by the marketing manager itself.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Roles and Responsibility of marketing manager It is not easy to understand the needs and it requires good skill and knowledge. So, a marketing manager is appointed by the company who looks after all these activities. There are various types of roles and responsibilities that are performedby people of marketing department in order to lookafterthecompanyanditsfunctioningeffectively. Through this , the productivity and profitability of company increases and they achieve success in market as well.
Continued... Thedifferentrolesandresponsibilitiesofmarketingin CADBURY are:- •Marketing Information System (MIS) -The main responsibility of every company is investigate current needs and wants of their target audience. Organization can take the help of MIS which gathers all relevant information related to client's likes or dislikes. •Marketing Planning -In order to accomplish long term goals in an effectual way, CADBURY needs to prepare effective marketing plan.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continued... •Financing -It is considered as the most important function as it determine various sources through which company arranges its funding. CADBURY manage their day to day operation or working capital through various sources such as debt, shareholder, angle investor or bank etc. •Promotion -By promotion, company stimulates the interest of the target audience and make them to buy the product. CADBURY is using almost all promotional tool which gives them the competitive advantage over its rivals as none of their competitors uses all kind of promotional techniques.
Importance of Marketing role Marketing department is playing a very important role in every organisation and they are connected with each and every department that is working in a company. They provide help in various departments like Human resource, Finance, Production, sales etc. The marketing manager is only given the responsibility to look after all these department and understand them as well sothattheycanassignauthoritiesandresponsibilities accordingly so that a good and effective organisation al structure is prepared in a company.
Conclusion Aspertheabovepresentation,itcanconcludedthat marketing plays an important role in earning profit for the firm and satisfying customer requirement at vast level. The heart of every company lies in its marketing process, thus all companies are require to first analyse the latest trend of buyers needs so that they can make their product according tothat.Differentrolesandresponsibilitiesrelatedto marketing function help the organization to achieve their both long and short term objective in a systematic way.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
References •Jacobs, K., MacRae, N. and Sladyk, K. eds., 2017. Occupationaltherapyessentialsforclinical competence. Slack Incorporated. •Khan,M.N.andAdil,M.,2013.Dataanalysis techniques in service quality literature: Essentials and advances.Serbian Journal of Management.8(1). pp.95- 112. •Kwon, E. S. and et. al., 2017. Inter-study and intra- studyreplicationsinleadingmarketingjournals:a longitudinal analysis.European Journal of Marketing. 51(1). pp.257-278.