Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P 1 Key roles and responsibilities of marketing functions.........................................................1 P 2 roles and responsibilities of marketing relate to wider organisation....................................3 TASK 2............................................................................................................................................4 P 3 Applying marketing mix to marketing planning procedure to accomplish business objectives....................................................................................................................................4 TASK 3............................................................................................................................................7 P 4 Marketing plan for Tesco......................................................................................................7 CONCLUSION..............................................................................................................................12 REFERENCES..............................................................................................................................13
INTRODUCTION Marketing can define as all the process and activities which are performed by any organisation top promote and increase it selling and buying of the different products and services. This consist the different activities like selling, buying, advertising, and delivering of the products in the market to use of end consumer. This study of marketing essentials is based on the Ben Sherman, which is the global lifestyle brand. It sells its life styles products around 35 countries around the world. Its target market is the youth of the country. And the founder of the company Ben Sherman. This report will include the roles and responsibility of the marketing in Ben Sherman company. This will also describe the roles and responsibilities of marketing related to the organisational context. Further more. Implementation of marketing mix in the Ben Sherman company to obtain its objective will also be explained. Lastly marketing plan will be created in order to launch its new product in the marketplace and to increase it sales. TASK 1 P 1 Key roles and responsibilities of marketing functions Marketing can also be refer as the study of management that helps the company to create relation with customers in order to satisfy their needs. Customers are the man key element of the marketing. It is the process delivering the products, communicate with the customers, clients and investors promote the products in market(Blythe and Martin, 2019). Importance of marketing Marketing play vital role in the Ben Sherman company and have great importance in the company as well. Importance of marketing are: Source of new ideas– Marketing of the Ben Sherman is the source of new ideas. As this brings the new, innovative and creative ideas in the Ben Sherman company. This not only give the ideas to promote and advertise the products of the Ben Sherman but also give ideas to the other department as well to make decision. His help the Ben Sherman company to make improvement in their strategies according to market. Employment opportunities– As this marketing depart of the Ben Sherman itself have different position and roles to play. If marketing department of the company appoint number of employees to their department to play different roles and responsibilities, it will create the 1
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number of employment in the country for people. This employment help the economy of the country(Bhatt and Gupta, 2018). Basis for making decision– Marketing of Ben Sherman is the base for decision making of any other department of the company. As the marketing conduct research top identify the marketneed,customersdemandandproducts,alltheseinformationgivehelptoother department like production of the clothing accordion g to the choice of customers and market trend. Satisfaction of human wants-as the marketing of Ben Sherman conduct research to identify the customers need, want and choice. On the basis of this Ben Sherman's production work and satisfy the customer's need. This satisfaction help to increase the profit share in the market. Marketing function: Marketing function is the method that help the Ben Sherman company to identify the potential products that help to increase the profit share of company in the market. They play different function in the Ben Sherman, which are: Market analysis- This is one of the function of marketing, in which the analysis of the market in term of market need, demand, products and customers and competitions available in the market(Hunt, 2018)t. Market segmentation– this is another function in which they decide in which market and customer group will be targeted. An on the basis of those production strategies will be made. Pricing– Marketing play another role to set the price of their products, which are being sell in the market. They set the price after having comparison with competitors. Distribution– Another function is to distribute their products in different market with the help of the suppliers. After sales service– Providing help to their customers even after sale their their products is another function played by marketing. As the customers are key element of any company, it is important to solve their problem any time. Product development– Development of the products according to the research data, that which and in what quantity, quality of products, its packaging, designs of the products. All are decided by the marketing. 2
Standardization and grading– To decide the standard and and on the basis of the quality of the products, marketing department grading the products. And only good quality products are distributed in the market (Sheth and Sisodia, 2019). Roles and responsibilities In the Ben Sherman Marketing manger play different roles and responsibilities in the different function of marketing to increase its sales in the market. MarketingmanagerofBenShermanplayroleasmarketanalyst,theyhavethe responsibilities toidentify the markettrend andcustomer'schoicetoplan strategiesfor marketing. Marketing department of Ben Sherman have the customer support service, which solve any problems and query of the customers related to their products like return and exchange policy etc. To set the standardization and grading, marketing manager play a role to quality check. In this they have responsibility to critically check products and pass their in different criteria of standard and set price. Then distribute them in market(Sombultawee and Boon-itt, 2018). P 2 roles and responsibilities of marketing relate to wider organisation The marketing is very important for the business and its growth. With the help of marketing activities Ben Sherman is able to promote their product and service at marketplace with the help of effectiveness (Blythe and Martin, 2019). The marketing activity is important because this increase awareness through the marketing and build potential customers. With the help of this marketing, sales of product is highly increased at marketplace. There are various operation functions of organisation which are finance, HR, marketing and customers services are as follows: Finance department finance department is very important and effective department of the company. This department take all records of accounts at workplace. Finance department of Ben Sherman keep all records of sales and purchase of company. Marketing department The marketing department of Ben Sherman is take their all responsibilities in t5he effective manner (.Hair Jr and et.al., 2015). They are use best marketing activities for promoting their product and service at marketplace. 3
Human resource department Human resource department is very important and essential department of the company. This plays an effective role at company for hire and select employees and candidates for team and their vacant post. Customer service team This team is plays an effective and valuable role at Ben Sherman. Customers services are every important and effective organisational department of company. Customers are highly attracted towards the business (Hugos, 2018). Those are the organisational functional department which are interrelated to each other at company. That are as follows: Finance and marketing Finance department and marketing department are interrelated to each other within the Ben Sherman. Marketing department has role to promote products and service at marketplace. Other hand, finance department allocate the funds to marketing team for their marketing expenses. By this marketing department generate funds form market and finance team have proper funds to allocate other department. Human resource and customers services team both are interrelated to each other at Ben Sherman (Larson and Draper, 2015). Human resource department hire candidates for customers service team, other hand customers services sets skills for hiring candidates. By this both are interrelated to each other at company. TASK 2 P 3 Applying marketing mix to marketing planning procedure to accomplish business objectives Business objectives and its importance for Ben Sherman: The business objective of Ben Sherman is to raise the productiveness and increase sustainability within the business. It is the essential to business growth and development within the industry. Ben Sherman is the British clothing brand selling shirts, sweaters, suits, shoes and accessories distinct for men (Malhotra, 2015). Company designs feature the Royal Air Force roundel that is frequently known mod target.Therefore, organization needs to make efforts to accomplish objectives and goals of the business. Business objectives and its importance for Tesco: 4
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The objective of Tesco is to become or stay there main retail supermarket and givegood quality services and goods at low cost, so that they are cheaper as compared to their challengers. The Tesco is the British multinational groceries and general retail sector company. Tesco is sales the highly sales the food, pet care products, home electronic, bakery products, technology and gaming, toys and party products. Marketing mix for both are as follows: BasisBen ShermanTesco ProductThe Ben Sherman is decide to create product thentarget to customers as per requirement. Thecompanyisservesthe highly range of products like casualandformalcloths, denim,footwear,lifestyle products such as the watches, bags, belts etc. Tescoissalesthehighly quality of product and services to their customers. Products of companysuchashome electronics appliances, car care products,petcareproducts, cloths and jewellery, healthy and beauty products. PriceThe price of product perceive values. The company is use the marketpenetrationpricing strategy,inthispriceof product is low and attract high volumeofsales(Muller, 2019). The price of product is sets by the manager of company. The companyisfollowthecost leadershippricingstrategy. That is provide good product bymaintainingqualityof goods and services. PlaceThis refer the both place such asproductandchannelsof distributionusedfordeliver the product places. Place is not themeaningofbuildingbut which place is made available tothecustomers.The Tesco is use mainly two type ofdistributionchannelslike onlineandoffline.The company has the offline stores ataroundtheworld.Other hand have online stores like express, extra, metro, compact 5
distributionchannelsof company is own stores, shop to shop. and super stores. PromotionThe purpose of promotion is promotetheirproductand servicesatmarketplaceand alsoincustomers.The companyisusefortheir promotionalactivitiesdirect andindirectpromotionof product.Directpromotionis includes E-mails, newsletter. The company has the strong brandimageatmarketplace. ButcompanyuseTV, newspaper and advertising for promotetheirproductand service at marketplace (Pike, 2015). PeoplePeoples are concern with the gettingthethinkswiththe peoplesandemployeesof company,managerofBen Sherman is completely invest onthetrainingand development of employees. Thecompanyhas460000 number of employeesat work as well as have great numbers of customers. They are play an important role in the company growth. Manager is invest high amountonthetrainingand development program for the employees. ProcessTheprocessisreferssetof activities which are performed inmarketplaceforachieve goalsandobjectivesof company (Rowley, 2016). Processrefersthesetof activities which are performed in order to achieve gaols and objectiveofcompany.The companyisuseselfservice machines for make payments by the customers and also pay to them. Physical evidenceFor the physical evidence ofThisincludethetangible 6
company is use the card, bags and reports. presentationofthecompany such as business cards, reports an other equipment. The marketing mix of Ben Sherman is effective and valuable which is help to achieve business objectives of the Ben Sherman. Company is sales products on low price with best quality of products and services. With the low prices of customers are highly attracted towards the business. This create then high level of volume of product sales. With the help of promotion activities help to promote business and products and services at marketplace with the help of promotion like public relations, TV and so on (Marketing mix,2017). Physical evidence is give best impact on the customers mind by they are always attracted towards the business. The similarities of both company is their most of the products are same which is use by customers. Both aim is same which is attract customers. Both are invest on the training and development of employees. The difference between both is process and distribution channels of company. TASK 3 P 4 Marketing plan for Tesco. Marketing plan is report which is outline the marketing strategy. It is the business document outlining market strategy and varioustactics. Thiscoversvariouselements of marketing like cost, goal, action steps etc. it is not a static document and it has need to change for business growth as per new and changing marketing development trends. With the help of marketing plan company Tesco is able to focus on each and every element those are required for plan. The marketing plan is important for company to develop their new product and services at marketplace. This give the clarity of new market and also provide focus or direction for taking action of business.Importance of marketing planare as follows: ï‚·It is the systematic and disciplined exercise which is formulate various marketing strategy. ï‚·It is important because it looking for the exercise that help to determine the future strategies and growth of organisation with the help of product development, channels design, sales promotion, profits and market development. ï‚·This help to promote marketing operations successfully in marketplace. 7
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ï‚·This help to improve performance, capitalize strength, minimize weakness and threats by using opportunities. Executive summary Thismarketingplanisincludevision,mission,objectives.Thisalsocoveredby marketing audit by using SWOT analysis and PEST analysis. Marketing mix is help to analysis the 7P's of marketing that is help to make effective strategy for growth of company. With the help of STP, company has able to know about segment, target and position of company. Budget is very important for the marketing plan by this manager has ready for the future expenses. The most important aspect of marketing plan is monitoring and controlling.Company will introduce the 3-D print T-shirt for further growth of Tesco in supermarket chain. It is the first time, one supermarket is lunch 3D T-shirt this give uniqueness and make their different image at marketplace. Mission ï‚·To be leading company by providing superior quality of product and services at competitive prices. Vision ï‚·The vision of Tesco is to be a globally innovate and competitive business by providing 100% best services to our customers. Objective ï‚·To increase the sales of product 10% till the end of 2019. ï‚·To increase 20% investment on research and development process. Marketing audit SWOT analysis StrengthWeakness ï‚·Tesco is best brand equality in its name with the global recognition. ï‚·This provide best quality of services and offers to customers for achieving gaols. ï‚·Thestrengthisnothavemany3-D printing services in operations at the ï‚·Competitive pressures have led to the price wars. ï‚·It is expectedmore companies are enter in the market with 3D print. ï‚·High equipments could uses, need to replace technology as per requirement 8
time. ï‚·3D printing have advantage such as low cost and time efficiency and various environmental benefits. of 3D printing. OpportunityThreat ï‚·Therehasopportunityforstrategic alliance with other brand. ï‚·3D technology is new trend and help to earn high revenue. ï‚·Another opportunity for the 3D printing business is easily acquire those services in operations. ï‚·Clothes prices are rises in around the world and this impact to the Tesco. ï‚·Rising raw material cost is also threat for the company. ï‚·Governmentregulationandpolitical landscape is put pressure on Tesco. ï‚·Themainthreatis3Dprinting equipments are continuously change. PEST analysis PoliticalThe political factor is impact to the overall sales and it growth. The government ability to encourage buy fabrics locally, if the tax on import other country increase. Other, government introduce new legislation to meet environment standard, in that demand will rise. EconomicalThe economy factor is includes the inflation rate and so on. Inflation rate is high then it increase equipment cost of the business. This impact to the business. Every company want the economy condition is good because this is the main reason of growth and profit of company. SocialThe social factors is also impact to the Tesco's new product. This includes culture, lifestyle and so on. Lifestyle is change every days and customers are move towards new trend. In that, 3D printing cloths is the best idea to compete socially and attract more customers towards it. 9
TechnologicalNow days technology is highly advanced, for introduce new product company is need to use technology and equipments as per 3D printing. Because uses of old technology is not give proper and perfect result of work. By this company is get the best and effective result of product and services. Marketing mix Marketing mix is the group of marketing activities by this Tesco is combine and control the various activities to produce desired response by targeting market. It is very important tool which are compare all the elements. That are influencer demand of product which is offered by firm. This includes 7P's of marketing like product, place, price, promotion, process, physical evidences and peoples. Its description are as follows: Product The Tesco is decide to create and lunch new product or its services to target customers. This help to identify the needs and wants of market in order to achieve goals and objectives of company.The company is produce the high level of products with best quality services in the supermarket chain.The products are food, home electrical products, clothes, bakery products. The new product is produce by company which is 3D T-shirt which is best and attractive. Price The Tesco aim at implementing economic pricing strategy for their new 3D T-shirt product. In this pricing strategy have aim to attract more price conscious of customers. As per this technique, manager are minimize the cost with marketing and production to keep down product price because lower price will expect higher volume of sales. Place The Tesco company is operates in online and also offline channels. The company has used to delivery the product to any place. For introducing new product and service company is use online distribution channels. By this customers are book their product online and also purchase by this. promotion The Tesco company is promote their product and services through advertising and various promotional techniques. For promoting new product at market place, here is build best 10
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and strong public relations by organising conference or event. Public relation is also help to company for promoting its new product and services. Process Process is the complete procedure by following all those activities by which product reach to the customers. The process of introducing new product such as sales funnels, payment system and distribution system. People Employees are the most important part of the marketing and company. In order to achieve goals and objective of new product company is give training to their employees for using new equipments and technology of 3D printing. It is very difficult to use in their process. Physicalevidence The physical evidence of company is provide bag to customers at the time of purchase. Also, 3D print is physical evidence of company which is give best impact on customers mind. By this customers are highly attracted towards the business. STP Segmenting The Tesco is lunching its new product at marketplace which is 3D print T-shirt. In this company will set the segment market for the product where other brand products. This will help to increase sales of Tesco. The Tesco is sets segment geographically is Density and demographic area. Targetting The Tesco is target to youngsters and also middle age group peoples. Because they are the peoples who are highly like to wear T-shirts in outing. Target to rural and urban or all age group. Positioning The company have the good position at marketplace in the supermarket and retail sector but after lunching this new product for the customers. This will help to company to build new position in the retails and supermarket chain. Marketing program ChannelsActivityTime 11
Direct marketingE-mails and messages3 months Digital marketingSocial media4 months Commercial marketingTV and radio5 months Budget Marketing expenses E-mails and messages£50 Social media£100 TV and radio£150 Total expenses£300 Monitoring and controlling The monitoring and controlling is the best and important process of marketing plan. It is the effective for using best product and implementing new services at marketplace. This process is oversees the all tasks and metrics which are necessary to ensure that the approved project at marketplace. For monitor the project and its growth market place here is important to analysis actual performance the planned performance. With the help of performance analysis Tesco is able to make the effective changes in their product and services as per requirement. Performance measurement is very important and effective by this Tesco is bale to analysis the market and product requirement. Feedback is also help to monitoring and controlling of new product development. With the help of feedback, manager is take feedback from customers and make changes as per customers requirement. By this company is customer is attract towards the growth of company. This help to make effective and valuable strategy of supermarket. CONCLUSION From the above study it has been concluded that Ben Sherman company' marketing department have different function like pricing, distribution and many more. In this marketing manager of the company play different roles and responsibilities in order to perform all the functions effectively to gain more profit. This also been analysed the marketing manger effectively handle key roles and responsibilities of the marketing related to the Ben Sherman 12
company in its different situation and function. From the marketing mix on the Ben Sherman and Tesco, it has been compared that how both of these organisation apply this marketing process to achieve its overall business objective and to gain more profit that help the company top expand its business in new countries. 13