Role and Responsibilities of Marketing in Jaguar Company
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This report defines the key role and responsibilities of the marketing function in the Jaguar company. It compares Jaguar and Aston Martin on the basis of marketing mix and evaluates the marketing plan of Jaguar.
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Table of Contents INTRODUCTION...........................................................................................................................3 P1- key role and responsibilities of the marketing function.....................................................3 P2- Role and responsibility of marketing in Jaguar company..................................................5 P3 -Marketing mix of Jaguar company and Aston martin.........................................................7 P4- Marketing plan......................................................................................................................9 CONCLUSION..............................................................................................................................14 REFERENCES..............................................................................................................................15
INTRODUCTION Marketing is the activity run by the any organization to promote the buying and selling of their product and services. It includes advertisement, delivering product to consumers or the business. Some of the marketing is done by the affiliate on the behalf of the organization. This report will take Jaguar company for this case studywho are manufacturer of the luxury cars. Headquarter of this company is inWhitley, Coventry, England, Jaguar was the company which was responsible for the production of the Jaguar cars until their operations were fully merged with those of the land rover. This companies business was founded as the Swallow Sidecar company in 90s which was originally making side-cars before developing bodies for the passenger cars. This report will define the key role and responsibilities of the marketing function in the Jaguar company. It will conclude the role and responsibilities of the marketing in the company. This report will compare two organization which will be Jaguar and Aston Martin on the basis of marking Mix of both company. In the end of this report will evaluate marketing plan of the Jaguar company which will include all the entailment and tool used in the marketing plan. Main Body roleof marketing function. It is important forJaguar recognize that if they want to make profit than it is necessary for them to sell their cars in the market without selling their cars they cannot earn the profit (Bashar., 2019). This can be possible through the marketing without marketing they cannot sell their product.There are 7 functions of the marketingwhich span everything from the distribution to pricing. Finding the best distribution channels Distribution is all about how the Jaguar company can get the goods they want to sell and how they will sell to the people who need their company product. Having idea or product is good but without knowing how people will get their product, company cannot make profit in the market. Distribution of theJaguar cars can be easy through opening their stores in the cities where the companies target customer are present. This makes the distribution channels for the Jaguar company. They open their showrooms in the cities where people come near by their showrooms and but the cars from Jaguar company. Market research
It is important for the Jaguar company to find market where they can get customers who can buy their luxury products (Blut,Teller and Floh., 2018). This is a responsibility of the marketing team of the company who find and research on the particular market where they can get their customers. They conduct surveys and see the market where people can buy their luxury product according to that they enter the marketwhich helps them to grow their business, and they can give competition to the other car manufactures present in the market where they want to expand their business. They study behavior of the people and understand that people in the particular market are interested to buy their product or not. New technology Trends This is one of the important function of themarketing team ofJaguar company. They research about the newtechnology in the market which is helping customers to make more convertibility. They also findnew feature which they can install in their cars according to the customers demand their behavior. They provide the information about new technology and their manufacturing team develop the cars according to the information provided by the marketing team of this company (Du and Cui., 2016). Marketing team also take feedback from the customers who are using their carsand find any problem they are facing in their car or not. If they found any problem in the car than they do modification according to it. It helps to get new ideas which can be implemented in their cars to make more comfortable and better. Setting prices Setting prices of their car is also a role and responsibility of the companies marketing g team because if the prices of theJaguar company is very high and customers are getting better luxury car in less prices than they will prefer other cars more thanJaguar company cars so marketing team of this company research the market and find the errors in their product related to the prices and set the proper prices. Without setting the right Price of the product they cannot attract customers to buy their cars so it is important for the marketing team to research the market and set prices of their cars. Branding Every business want that their product should have special identificationsin the market where they are operating. In order to realize their wish to give name to their productwhich should be different from their. Jaguar company have their own brand name but their models are different and their name is also different.Giving different name to the product is called
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branding. This shows and make image in the customers mind that this brand is of this company, and they sell luxury cars in the marketand this also shows that the company is different from their competitors which shows their own special identity. This is also a marketing functionand Jaguar company have reputed name in the market and people know about their products. Promotion of product One of the basic function of the marketing is promotion of product .Jaguar marketing team advertise cars mostly on the T.V channels, and they decide how much money they should invest in the advertisement (Fahmi,Fathoni and Harini., 2019). Other methods theyand tools used by the marketing team is social media where they save their money, and they get their customers on the social media. They also have their pages on the social where they post pictures of the cars and show what are their facilities to the customers through images.Jaguar is the luxury brand and their buyers are reach people so they also call celebrities to advertise their cars, and they also organize their exhibition. Product development product development is necessary function of the marketing team of the Jaguar company which can be possible through the marketing research and understand needs of the customers. Marketing research and understand what people are expecting from the Jaguar company in their cars and what people they are facing their product. After analyzing market and understanding the needs they develop the products. They make their product more suitable for the customers, and they can encourage customers to buy Jaguar companies car (Ferreira., 2019). This helps them to increase their reputation in the market and show their presence as an emerging market. Without develop g product other competitors can overtakeJaguar company because new technology trendsare necessary for the company to gain competitive advantages. People are buying cars because they are want cars which provide them comfort during the drive and technology makes their experience good soJaguar company have to develop their cars according to the new technology and trends. This is responsibility of the marketing team to conduct research on the market and anaylaise needs of the customers and find want new trends are in the market, so they can take competitive advantages in the market and earn profitability. Role and responsibility of marketing in Jaguar company Every function of the organization are connected with the marketing. They need support from the marketing team and even marketing team also need their support to achieve their goals
and their objective, every function of the company are interrelated with each other, and they need help of each other to run their day to day activities. Here are some areas of the comp[any which are interconnected. Marketing with HR Marketing team of theJaguar company help HR when they need new employees in the company. They use their promotional tool to post recruitment for the employees. They also find the people in the market with their contacts (Gnizy and Shoham., 2018). They work in the market, and they know many skillful people who canpromote theJaguar company and achieve the objective and goals of the company. Similarly, Hr function is to recruit employees who have good experience of the market and they provide skillful employees to makeJaguar company more effective. They also recruit employees for the marketing teamwhen they need employees in their team. When marketing team need new members in their team then they ask the HR for recruitment. Marketing with finance Marketing team need finance to run their activitieswithout having enough money for marketingcompany cannot be successful so marketing team take finance from the finance manager andput those financial resourcesfor the product marketing. Similarly, finance manager are responsible to provide finance to every department of the company. They need resources from they can arrange enough finance for the company (Išoraitė., 2020). They take help of the marketing team who find the proper sources of the finance because they research market for the proper finance company can get, and they can use to run activities. Marketing team with production MarketingteamoftheJaguarcompanypaysimportantrolefortheproduction department because they research the market and provide the necessary information related to the product and also find the trends and technology in the market so production department can developcars and make them more better for the customers and achieve competitive advantages in the market. Production team help marketing by developingproducts according to their research. This is beneficial for both of them and both the department can help company to achieve the competitive advantages. Marketing with Purchase
Role of the purchase department, also called procurement department or purchasing department, supports operations by serving as the primary buyer of goods and services in a privatesectorcompany,governmentagency,educationalinstitutionoranothertypeof organization (Jones and Shaw., 2018). Marketing team of the Jaguar company find the best raw material suppliers for the purchase department, so they can get quality raw material for the company, and they can add some valuefor the customers in their cars. This helps company to gain customer loyalty, and they provide luxury cars In the raw price range. Comparison between Jaguar company and Aston Martin on the basis of Marketing mix Marketing mix of Jaguar company and Aston martin BasisJaguar companyAston martin ProductJaguarissellinghightech productsand their product is carwhich is made with the premium qualityand finish. Their car is restricted to the classwhichmeanstheysell theircartothehighprofile people and their target are rich people. They are selling luxury cars which are lase with the advance technology. Aston martin is company who are selling luxury carswhich are famous for their speed and looks.Theircarsarehighly customizewhichallows customerstobuysomething exclusive(Kucuk.,2017). Theyaresellingsportscar which means people who like the speed and horse power will buy their products. PriceJaguarcompanyisusing premiumpricingstrategy which means their products are for the people who are rich. Thiscarcanbetomuch expensive their lowest model cost30000GBDwhichis meansmiddleclasspeople cannot buy this car. Astonmartinisalsousing High premium pricing strategy becausetheyareusinghigh performanceengineintheir carswhich means their cost are more high. They are able to maintaintheirpremium pricing strategy because they are having rich client who buy
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theircarsandAstonmartin earnsprofitbyselling products. placeJaguar companyenter in the Indian market in 2009 and the end of 2014 they established 20 dealerships in this market (Mallek and Alipour., 2016). Their most of the expansion have been done in the Asian countieswherepeopleare buyingtheircar.Theyare havingselecteddistribution because their cars are notfor everyone. Astonmartinhavetheir location in all over the world bu their cars are only for the rich people, so they open their showroomsintheplaces where people are reach, and they can spend money on their cars.Theirtargetarereach people,sotheyopentheir showrooms in the rich places. PromotionThecompanyropedin handsome and stylish football player David Beck ham as it brandambassadorthisyear. He will be the marketing face for Jaguar cars to be launched in coming months in china as well as the world. Astonmartinisoneofthe famous car company who have make their reputation through the niche market by itself. This company believes in the direct dealings so that an important connectionisestablished betweenthebrandandthe customers. ProcessJaguarprocess is very smooth in which they make their cars luxuryinwhichpeoplecan feel comfort, and they can go totheirofficewithoutany problem. People who but their Aston martin makes their cars for the high performance, so they use engine which provide highpowertothecarand customers can feel the speed. They do not compromise with
producthavenotfacedany problem in the comforts. their speed, and they provide the best possible quality and speed. PeopleJaguaristreatingtheir employeeslikeassetsof company,itensuresthat workers retain in firm and for thatincentiveswillbe provided(Nguyen.,2018). This is better in retaining talent those who can contribute well in manufacturing high quality sport cars. Astonmartinprovide incentives to their employees whoareinthesellingand manufacturingboth,sothey can be motivated, and they can give their best to make this company best. They teat them like their family members and provide every possible help to those people. Physical evidenceThey have good reputation in the marketand having good expansion in the UK and Asian countrieswhichshowstheir presents in the market.This shows that they are Physically presenceintheAutomobile sector.Its logo is unique that gain attention of buyers Astonmartinorganizemany eventstopromotetheir company, and they are having locationintheworldwide whichshowstheirphysical evidence(Pereira.,2016). Theircarsareusedbythe celebrities whopromote their car more, and they are able to showtheirpresencein worldwide more and their cars are used by many other people whoarefamouswhichis advantageforthiscompany. Its tag line and infrastructure gain attention of buyers that helpingainingcompetitive
advantage to company. Marketing plan Executive summary Marketing plan can be defined as outline of company’s strategies that aids firm to generate more sales and gain profit (Roach and et,al., 2018). Marketing efforts of firm helps firms in gaining attention of mass audience and successfully run operations in market. Jaguar is the leading car firm that is providing amazing quality cars to wide range of customers. Company is planning to raise sales of its Sport cars by implementing effective marketing plan. Mission The mission of Jaguar is to become the most popular car manufacturer globally and satisfy its wide range of consumers. Creating value for stakeholders is the mission of Jaguar. Objectives To increase sales of Sport car of Jaguar by 35% within 1 year To open two more stores in two location China and Austria in next one year Situational analyses Before making any kind of plan it is essential for business that to understands situation of organization well, there must be close analyses of internal and external situation of business so that enterprise can generate profit and can accomplish its goal successfully (Roach and et.al., 2018). SWOT analyses Jaguar is the leading firm that is popular for manufacturing ultra-premium cars. It always has fantastic piece of engineering in its products. Strength Popularity: Jaguar is the well-known brand that is popular for its luxurious services globally. Its amazing quality cars have helped firm in raising its brand image.
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Brand value: brand image of Jaguar is very strong as people have trust on its products that is why it is in the 55thposition in automobile industry. Research and development: Enterprise is spending huge amount in R&D activities that aids organization in manufacturing more advance cars that can meet expectation of wide range of consumers. Weakness Product range: Jaguar is the big brand and providing excellent quality cars to consumers but still it has limited items as compare to its competitors. Because Toyota, AUDI have wide range of products that gain attention of all kind of customers globally. High recalls in past: Jaguar’s cars were found with seatbelt problems in past and many consumers complains for the same due to which many products of it needed to recalled that has created problem for business unit. Opportunities Technological advancement: Jaguar can gain success by implementing new techniques (Sarkum,PramukaandSuroso.,2017),nowmanycompaniesareusinghybrid technologies which improves its range of products that can help in improving operations as well (SWOT Analysis of Jaguar, 2020). Acquisitions: To grow well in the international market enterprise can acquire any firm which will help in enhancing its customer base and increasing its profitability as well. Threats Changing environmental policies: Government is paying more attention on protection of natural resources and environment protection. Hence new rules are implemented by authorities due to changes in these norms Jaguar may find difficulty in managing its operations successfully.
Competition: Audi, Toyota, Mercedes are the biggest competitor of firm and these companies are creating pressure of the Jaguar due to which profit of the firm can get down. Pestle analyses It is the method of analyzing external market position of firm. Political factors: government of UK has introduced new fuel consumption tax in the country due to which demand of Jaguar sports cars have been decreased. Environmental tax policies of government affect the manufacturing level of company and impact on its sustainability as well. Economic factors: Changes in interest rate has created situation where company is not in the condition to borrow much amount hence future investments have been reduced. High inflation creates the situation to raise prices by this way Jaguar can earn more profit. Social factor: People now a days are linking to buy sport cars that enhances demand of its car products . But Jaguar ensures that it takes care of ethical aspects and manage its trade activities accordingly in order to maintain its brand image in market. This can aid organization in generating more sales and developing its brand image. Technology: It affects business because automation machine raise productivity. Legal: Wages law create problem for business because changes in it may affect staff turnover that will create problem in managing productivity to great extent. Environment: Production may affect atmopsher hence brand image of firm get affected. Marketing strategies Marketing is essential to gain success in market, it can aid organization in protecting its position in market. Product: Jaguar needs to pay attention on developing wide range of car products so that it can satisfy needs of all range of consumers globally. It needs to use technologies in its Sport cars such as voice control activation system, laser referencing etc. so that more people take interest in its cars. That will help business in meeting its sales target objective. Price:Jaguar will use premium pricing strategy as it will charge high amount from consumers for the luxurious services. As it will provide amazing quality cars that can
satisfy needs of consumers hence use of premium pricing strategy is suitable for the growthofJaguaranditwillhelpingainingcompetitiveadvantageandraising profitability as well. Place: Jaguar will use value chain approach where it will make close connection with its suppliers, and distributers. That would be better in reaching to end users. It will raise its distributers so that company can raise its number of consumers. It will open many other showrooms in many other locations so that sales target can be met. Promotion: Jaguar will ensure to promote its sports car in significant manner so that it can gain attention of mass audience, for that enterprise will use advertisement on TV and social networking sites. This is the best strategy that would support business in awaring more people with the features of this Sport car (Xu., 2018). It will involve famous British celebrities such as Nicholas Hoult etc. so that attention towards brand can be gained from consumers. Company will organize campaign time to time that would help business People: Jaguar will treat its employees like assets of company, it will ensure that workers retain in firm and for that incentives will be provided. This will be better in retaining talent those who can contribute well in manufacturing high quality sport cars. Physical evidence: All its showroom will be so amazing, there will be adequate space alone with proper infrastructure. This would help in making consumers feel happy. Process: Jaguar will use smooth process as consumers can complain in the office and on immediate bases their issues will be resolved by concern team. Segmentation, targeting, positioning Segmentation is the process of making group of such people that have common features and considering them for one set of group. Jaguar will use demographic segmentation strategy as it is the most effective method to target the right person through marketing efforts. Enterprise will consider age and income of person as the criteria of segmentation. By concentrating on this strategy it will be able to reach to large audience (Fahmi, Fathoni and Harini., 2019). Targeting is the method of choosing once specific segment out of many. It will use differentiated targeting
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method to apply the right marketing efforts and to gain positive outcome. This strategy will be helpful in attracting more people and reaching to the target of raising sales within 1 year. Jaguar is going to apply cost positioning tactic that would help firm in maintaining its brand image in market and gaining success as well. In order to differentiate itself jaguar will ensure to organize some campaign so that enterprise can gain profit and can sustain in market for longer duration. Budget Entire marketing efforts need some investment by company. Without having that much money company will not be able to manage its marketing process. The entire marketing plan will need investment of 4100 Pound as Jaguar will need fund for marketing advertisement and salaries and rest other expenses. ExpensesAmount Marketing advertisement1800 Salaries800 Rent1000 Other expenses500 Total expenses4100 Pound Monitoring and controlling This is very important part of marketing plan if there is inadequate monitoring then it will not be able to meet its sales target successfully. In order to monitor the success of entire marketing plan Jaguar will use sales review strategy. By reviewing sales every month marketing manager of organization will be able to know whether the strategy is right or not. This is best way to know the effectiveness of plan, if any changes require then company will manage it immediately and will gain success soon (Blut, Teller and Floh., 2018). To control over the entire marketing plan manager of Jaguar will use benchmarking system, it will ensure that enterprise meet its standards through its marketing efforts. This would help business in attracting more consumers and raising its brand image.Use of sales review technique woulr be better in controlling over marketing plan. Benchmarking system is great monitoring tool that may support organization in gaining success and making necessary changes in plan timely so that desired results can come out. By using this technique firm can raise its profit and can set up its stores in new location successfully hence business objective will be accomplished.
CONCLUSION From the above study it can be concluded that marketing is the tool that is used by companies to promote the products and to raise its awareness among consumers. This practice supports organization in generating sales and promoting brand as well. Each company uses different marketing tactics to generate sales and all these tactics give different benefit to the firm. Marketing mix strategies are helpful in generating more sales and gaining attention of mass audience. If marketing manager makes effective marketing plan then it will help in gaining success and managing business expenses in effective manner. Segmentation, targeting are the essential aspects in marketing planning because it aid sin taking right efforts towards generating sales.
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