This article discusses the key roles and responsibilities of the marketing function in a business organization. It also explores how these roles and responsibilities relate to the wider organizational context. Additionally, it provides insights into the marketing mix and marketing plan for a successful business.
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Marketing Essentials
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INTRODUCTION Marketing is refers to the action of promoting and selling products forincreasing profitability. It is management of exchange relationships with customers by providing them values. One of the primary purpose of marketing is to attract number of customers (Ahrens, 2011). It contributes in accelerative profitability of company. Current study is focused on Body shop, is a retail company operate in UK for accomplishing higher success. It was established in 1976 by Dame Anita Roddick and has range of around 1000 products. Company offer cosmetics, skin care and perfume to its customers to increase their profitability level. Report is going to discussed about roles and responsibilities of marketing function and its interrelation with wider organizational context. Along with this, marketing mix is also mentioned in this project help in attaining set objectives. Marketing plan of company is discussed here that support business organization in attaining success. TASK 1 P1 Key roles and responsibilities of marketing function Marketing play a crucial role in creating, keeping and raising customers satisfaction as it provide values as per consumers taste and wants. This will aid in enhancing profitability. Along with this, it is refers to the procedures to promoting as well as advertising company products in market with the aim of spreading awareness. By this, firm can easily improve their brand image. In this regards, there are some role of marketing functions along with marketing concept as it assist business in attaining all the set goals and objectives: Marketing concept:It is refers to philosophy that business organisation needs to analyse customers needs or taste before providing them products and services. By this, organization can satisfy customers needs and attain competitive reward from its competitor. In this regards, there are some marketing concept like production, product, selling, marketing and societal marketing concept (Bellenger, Bernhardt and Goldstucker, 2011). All these are crucial for marketing department of Body Shop to follow in order to improve their overall performance at market place. As it help in establishing its competitive and famous brand image.Customers satisfaction:It is one of the essential function of marketing section keep customers happy and utmost priority. For providing them higher satisfaction, Body Shop can analyse customers demand through surveys and promotion activities. By this, 1
marketing manager can understand and provide them quality products as per customers requirements (Bird, 2012). This will gain overall sales of company at market that support in establishing its competitive image at market.Manage marketing budget:Marketing department is responsible for preparing a long term budget so that they can easily execute their activities and also keep in mind all the possible change. For this, marketing department analysis actual needs that is required by company while promoting and advertising their products in market place. Define strategic marketing plan:It is crucial for company to develop an effective marketing plan. For this marketing department play a crucial role in analysing necessary action that are to be undertaken, evaluate company strength, determine target market and so on. All these are may aid in making an appropriate strategic plans that support in attaining set marketing goals and objectives in stipulated time frame. P2 How roles and responsibilities of marketing relate to wider organizational context In Body Shop, various departments are there who play a specific and significant role in executing entire activities within the organization. Along with this, it also interrelated with marketing functions through which Body Shop can easily attain their targets and improve their performanceaswell.Inthiscontext,therearerelationofmarketingalongwithwider organisational context: Marketing with finance department:Proper analysis and management of fund is one of the important activity that directly put their impact on overall profitability level. In this regards, marketing department help finance teamby providing them day to day requirement of fund for operations (Brooks and Simkin, 2012). By this, finance department easily take effective decision and at the same time also increase their profitability level. Marketing with sales department:Selling products and services is one of the essential activity for Body Shop as it assist in raising its profitability. In this, gathering information about market trends and option available in market place. As they also evaluate the customers needs so that they can not face any kind of difficulties at the time of finding the brand. Through this, firm can increase their sales and also increase its customers base as well. Marketing with production department:It is crucial for company to produce right quality and quantity of products so that they can maintain continuity within their supply chain. By this business organisation can easily save cost of the company by eliminating wastage. In this 2
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regards, marketing department undertake research to analyse external trends and at the same time also communicate to production division (Cabrera and Williams, 2014). This will help in improving the chances of delivering best quality products to its customers and also increase its profitability as well. TASK 2 P3 Marketing mix Marketing mix is consider as an effective tool that help in attaining all the marketing targets in stipulated time frame. One of the main purpose of using this type of tool is to spread awareness of customers about its products. This will contributes in increasing profitability level of Body Shop at market place. Marketing mix of Body Shop and L'Occitane: BasisBody ShopL'Occitane ProductBodyShophasitsdiversified productportfoliowhichincludes skin type products like skin products hair products,baby oiland many more. L'Occitane offer beauty and skin care products for women. Its product line is targets for upper middle class. Mainly, itincludesskincare,make-up,hair productsandmanymoretoits customers (Coombs, 2012). PriceBody Shop adopted a competitive pricing policy which help them in establishing their competitive image at market place. L'Occitanehaspremiumpricing strategy to serve their products. Along withthiscompanyalsooffer occasionalseasonaldiscountsalong with festive offers to customers. PlaceBody Shop has spread its products to morethan3049outletsinwhole world. Along with this, company has strong distribution network to offer theirservicesinmarketplace (Cooper and et. al., 2014). L'Occitane has around 3100 stores in overtheworldthroughwhich company offer their products in market place.Presentlycompanyhasgood online presence in market. 3
PromotionBody Shop has adopted a societal marketing concept and at the same time also encourage usage of plant basedmaterials.Alongwiththis, company also promote their products throughfashionmagazinesand social media platform. L'Occitane focus on promoting their products through social coverage. In this company implement clever mobile marketingstrategytopromoteits products. PeopleBody Shophasskilledandtalent workforce who are able in offering productstoitscustomers.Inthis companyalsoprovideadequate training programs to make them able to deal with customers better. L'Occitane has skilled employees who have knowledge about how to handle customers and make them satisfied. ProcessBody Shop ensure a reliable online presencetooffertheirproducts through online platform. L'Occitane has strong online presence bywhichtheyservetheirquality products to large number of customers aspertheirrequirements(Daniel, 2011). Physical evidence Companyincludeseffective customers relationship management that help them in retaining customers (Friis, 2012). Company includesattractivelay out that invite more and more customers towards its services. It CRM is also effectivethroughwhichfirmeasily managepositiverelationwith customers. TASK 3 P4 Marketing plan 4
STRATEGIC MARKETING PLAN Executive summary Bodyshop is launching its new product that is activated charcoal scrub for men. This product is planned to be highly marketed and promoted so that it can reach huge audience. The purpose of this product will be to benefit men with harsh skin(Jones, 2011). This product is planned to be aggressively marketed using all possible sources. Objective To launch and market new charcoal scrub for men in 2020 in order gain revenue of £5000,000 in the period of one year. SWOT StrengthWeakness Thisproductwillhavemainelementof charcoal which is an organic product that will have no side effects on the skin of consumers. Due to its element of charcoal, this product is suitable for men and not for women which restricts the target market(Langer and Heil, 2015). OpportunityThreat Bodyshop can launch different variants of thisproductsindifferentsizes,sothat suitability can be enhanced. In a competitive environment, there is a high threat that its competitors also launch the same product from which market share will be reduced. STP Segmentation –For the new product “activated charcoal scrub for men”, Bodyshop has selected the segmentation criterion of demographics. Targeting –From the demographic criterion, men with harsh skin are targeted as the audience market for the product. Positioning –The new product which is activated charcoal scrub for men will be positioned in market by the use of brand endorsement in which celebrities will endorse this product so that social men will be influenced to use the product(Kennedy and Parsons, 2014). Marketing Mix
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ProductBodyshop is a large scale company which is palnning to launch a new product which is activated charcoal scrub for men. PlaceFor this new product, Bodyshop will use its existing distribution channel by which this product will be sold to distributors and then by distributors will be sold to retailers and end users(Ionitã, 2012). Website of Bodyshop and other online sites will also be used to sell this product. PriceBodyshop has decided to use price skimming strategy for this product. Bythisstrategy,Bodyshopcanmakeuseoftheiraggressive marketing campaigns and then as the time passes by, price will be slowly reduced. PromotionVarious promotion technique such as celebrity brand endorsements, socialmediamarketing,campusmarketingadvertisementsand billboards will be used. ProcessMarketing process is the intangible asset for Bodyshop’s new product which will help them in raising revenue. PeopleEmployees will be the key people for this new product. Physical evidenceDeep dark black and white font packaging will be the physical evidence for the new product of Bodyshop. Budget PARTICULARSAmount Opening Capital Start-Up Capital6000 Investment10000 Total16000 Marketing Outlay: Marketing7000 Publicity7000 Total14000 Closing Capital2000 Monitoring and Controlling 2
Bodyshop will monitor the monthly revenue generated by the new product “activated charcoal scrub for men” by which they can observe that when they need to lower down the price of their [product so that high revenue can be maintained(Hsu, 2011). Besides monitoring, sales and marketing activities will be controlled by Bodyshop by using management information system technique. CONCLUSION As per above mentioned study it has been summarised that, marketing is considered as an important activity asit help in exchanging relationship with customers by offering them best quality services according to customers needs and wants. In this regards, it also help marketing managerindevelopingoverallbusinessperformancemorecompetitiveandfamousby effectivelyexecutetheirfunctions. Furthermore,marketingrolesare also connected with different department of company thorough which firm can attain their set targets. In addition of this, marketing mix and plan is also beneficial for company in attaining their marketing targets in stipulated period of time. By which firm can capture larger market share from its competitors. 3
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