Table of Contents INTRODUCTION..........................................................................................................................1 P1 Explain the key roles and responsibilities of the marketing function...................................1 P2 Explain how roles and responsibilities of marketing relate to the wider organisational context........................................................................................................................................4 M1Analysetherolesandresponsibilitiesofmarketinginthecontextofmarketing environment.................................................................................................................................5 M2 Analyse the significance of interrelationship between marketing and other functional units of the organisation......................................................................................................................6 D1 Critically analyse and evaluate the key elements of marketing function and how they interrelate with other functional units of the organisation........................................................7
INTRODUCTION Marketing isdefined as the management and study of exchange of relationships. Marketing is the business process of creating and developing relationships with customers by providing them good products and services. This is defined as the activities that are done in an organisationforpromotingsellingandbuyingofdifferentproductsandservices.The professionals of marketing who are working in the organisation have the responsibility to promote the buying and selling of product. Marketing consists of selling, advertising, delivering and promoting the products and services to the customers. Marketing can be explained as a discipline that includes various actions which an organisation has to perform for maintaining good relations with a customer. The main objective of amarketing department is to match products and services of the company who are in need of these products. The marketing department of a company is linked with other different departments so that company can work effectively in promoting products and services of the company. This report will help in understanding the concept of marketing and the company which is used for analysing the marketing concept is Cadbury. This is a British multinational confectionery company that is owned by Mondelez International since the year 2010. This is the second largest confectionery brand of the world. The headquarters of this company are located in Uxbridge, London. This company operates in around more than 50 countries. This report consists of key roles and responsibilities of the marketing department and how marketing functions help an organisation to build customer relationship. This includes different ways by which various organisations apply the marketing mix to the marketing planning process and attain the goals and objectives of the company. At last this report includes a marketing plan for Cadbury which will include launch of a new product of this company in market. P1 Explain the key roles and responsibilities of the marketing function The marketing function is defined as the role of an organisation that helps in identifying and sourcing successful products and services for the company. This helps a company in promoting their product and services in an effective manner. The various functions of marketing are market research, product plan, development process, sales, promotion, customer service, finance, etc. The marketing function consists of different roles of business organisation. Al the functions and operations of a marketing department are responsible for growth and development 1
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of the company. The key roles and responsibilities of marketing function in Cadbury are market research, product development, distribution, planning, selling, promotion, communication, etc. The roles and responsibilities of Cadbury's marketing department are listed below - Roles of marketing Defining and managing the brand –Cadbury is a well known brand around the world. The marketing managers of Cadbury have worked hard for promoting and making products of Cadbury famous across the world. Defining and managing a brand name is an essential part of the company and this includes defining what is thebrand about and how product will help an individual. Cadbury is a chocolate company and thus it focuses more on cravings and need of children, youngsters and adults for chocolate and chocolate products. Conductingcampaignmanagementformarketinginitiatives–Themarketing department of a company is involved in promoting and advertising various products and services of the company. Several campaigns are performed by Cadbury for promoting its chocolates effectively. The marketing department of Cadbury identifies the products and services for focusing on various aspects like sales cycle and producing materials and communication. Producingmarketingandpromotionalmaterials–Themarketingdepartmentof Cadbury should create materials which will help in explaining and promoting core products and sources. The marketing managers of Cadbury are kept up to date for knowing the products and services needed by customers. Creating content that provides search engine optimization for website –A website is defined as the first place nowadays on which people get information about the product or service. Thus, it is important for the marketing department to update information about the product on website to attract more number of customers. Cadbury uses attractive colours and funny animations for making it's company's website attractive. The marketing department of Cadbury is responsible for keeping current content on web. Monitoring and managing social media –The marketing department must contribute in managing and maintaining the social media related to company. This also manages social media accounts and keep on updating the latest news about new product of Cadbury. Producing internal communications– The employees and workers of the company must understand value, goals and priorities of the organisation. The marketing department of Cadbury 2
is responsible forcommunicating with employees and telling them about the actual needs of customers. Serving as media Liaison-The marketing managers of Cadbury are generally termed as spokesperson of the company. These people guides executives fro how to respond if there are any queries of customers. Conducting customer and market research-It is essential for marketing managers to conduct a research in market before launching a new product in market. An effective research is helpful for defining the target market and opportunities of product in market. This alos helps in understanding how product of the company is perceived. Overseeing outside vendors and agencies –The marketing managers of Cadbury are responsible for managing and selecting agencies and vendors that produce marketing materials and provide marketing support. This consists of print vendors, web providers, agencies and specialists, etc. Responsibilities of marketing There are several responsibilities of a marketing function in an organisation. The various responsibilities of marketing department are increasing sales and revenue of the company, increasing growth and development of the company and increasing marketshare of the organisation. In context of Cadbury, the responsibilities of marketing function are listed below - Making an effective marketing strategy -The marketing department of the company ensures that good strategies are made in the company for promoting and advertising product in an effective manner. The marketing managers work towards achieving the goals and objectives of the company by selling and promoting products to potential customers. The marketing department of company makes several strategies for entering into the new sector, opening an effective channel of distribution and reaching a wider geographical market area. Fixing price of product –The marketing manager of Cadbury is responsible for setting price of the product offered by the organisation. Price is defined as the monetary value of a think or product.The marketing managers of Cadbury set affordable price to products so that every individual will be able to eat chocolates offered by Cadbury. Various pricing strategies are offered to products of Cadbury. In the present scenario, the marketing managers of Cadbury are thinking of increasing the sales of company so they keep price of their chocolates slightly lower than their competitors. This helps Cadbury to increase the market share of the company. 3
Market research –This is an essential responsibility of marketing department. An effective market research is required in the company for increasing sales of the company. Research is helpful for Cadbury to identify opportunities n market and analyse the needs and demands of customers. There are several competitors of Cadbury in market thus it is important for this company to do a perfect market research for increasing the customer base. The research by finance department of Cadbury is helpful in making effective decisions for budget of strategy and plan of the company. Sales of the product –Another function of marketing department is creating and developing products and services of the company according to the needs and demands of customers. A company requires effective marketing strategy for developing a good image of brand in market. This also helps in increasing the awareness of needs of customers in market. The customers of Cadbury are attracted by using different promotional tools like offers, discounts, personal selling, etc. Cadbury focuses on availability of stock of products with suppliers and retailers. This is done so that customers do not switch to other chocolate brands. P2 Explain how roles and responsibilities of marketing relate to the wider organisational context The roles and responsibilities of marketing are essential in order to achieve organisational goals and objectives. If the marketing function of a company is working effectively then, there are no problems for a company to enhance it's market share. The roles and responsibilities of marketing are important in any organisation. Marketing is an important function that is used for managing ans handling the operations related to advertising ofpromoting the products of the company in an effective manner. Themain objective of Cadbury is to provide quality products to customers which will help in increasing sales of the company. The interrelationship between of various departments of cadbury with marketing department are given below - Marketing and Production Department:Marketing department of Cadbury gathers data and information about needs and demands of customers so that it will circulate this information to production department. The production department is instructed to make products according to the needs of customers. Marketing and Finance Department:In Cadbury it is important for finance department of the company to provide an appropriate budget so that marketing plan can eb implemented 4
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effectively. The marketing department helps finance department forsetting prices of their chocolates and other products. Marketing and Human Resource Department:The main objective of human resource department is to recruit and hire new and talented employees that can help in increasing productivity and profitability of the company. The marketing department of Cadbury helps human resource department by giving them details about skills and knowledge required in an employee.TheHumanresourcemanagersofCadburyhelpsmarketingdepartmentfor increasing the volume of sale by hiring a right candidate for the right position. Thehuman resource manager of Cadbury use differentpromotional tools and techniques for hiring best candidate towards their vacant position. Moreover, the marketing department and human resource department of Cadburycommunicate with each other forachieving the goals and objectives of the organisation. The common purpose of both the department is growth and developmentofbusiness.Alongwiththishumanresourcedepartmentusingmarketing techniques for inspiring employees or workers for enhancing profitability and productivity of the organisation. M1 Analyse the roles and responsibilities of marketing in the context of marketing environment A marketing environment is defined as the combination of external as well as internal factors and forces that affects the ability of an organisation to establish good and healthy relationship with customers. Different organisations have various macro and micro factors that affect business. The marketing department of Cadbury has to work effectively depending on the internal and external factors of different countries.At some countries the marketing managers have to use a good communication that will help a company to gather more customers for trying their products. It is important for sharing information and data about the needs and demands of customers in an effective manner. The marketing managers of Cadbury take responsibility to satisfy their customers by providing them quality chocolates in every place where they are doing business. It is good for managing and handling market environment so that effective promotions and advertising can be done for the product. The marketing managers of cadbury are responsible for organising various campaigns and promotions to promote chocolates of Cadbury in effective manner. 5
M2 Analyse the significance of interrelationship between marketing and other functional units of the organisation The marketing function of a company is responsible for managing and handling the promotions and campaigns so that a lot of customers are engaged in using product of the company. The main objective of a marketing department is to attract a lot of customers and increasing the sales of the company. In context of Cadbury the marketing department of the company is interrelated with other departments of the organisation to fulfil the goals and objectives of the company. The marketing function of Cadbury is interrelated with other functional units of the organisation. The key elements of marketing functions are described below - Research-The marketing plays an important role in business. This is most important function of marketing as without an effective research it is not easy for the business to get valuable information about needs and demands of customers. Strategy –When useful data and information are collected, it is easier for company to analyse strength and weakness of business operations. The processed data of research will help to make various strategies and plans that will help in utilising resources of company effectively. The strategies and planning after research are important as they help in knowing the actual needs of a customer. Planning-Whena successful research is conducted and strategies are made for growth of marketing, then next function is planning process. The marketing department consists of distribution, sales figure, communication, financial planning , etc. the planning process of Cadbury will help in analysing effective strategies that will help in converting organisational goals into success. Tactics –Another key roel of marketing function of Cadbury is tactics. These are small and short term plans that are implemented for attracting target customers. This includes limited period of time that offers promotional boost for the marketing plan of Cadbury. Some of the tactics used by Cadbury products are Buy one Get one free, combo packets of chocolates, Boxes of chocolates, etc. Tactics is concerned about initila pressure from the rival companies and increasing sales and profits of company. 6
D1 Critically analyse and evaluate the key elements of marketing function and how they interrelate with other functional units of the organisation The marketing function is closely linked with different functional units of business organisation.Thefinancedepartmentofanorganisationisconnectedbythemarketing department of company as it requires an appropriate budget for implementing marketing plan. The marketing functions need economic resources for implementing, planning, researching and evaluating marketing strategies of business.The marketing of a product cannot be done effectively if there is no proper communication or financial management in the company. The functions of marketing are linked together with other departments of company for enhancing the efficiency of company. Marketing functions need accurate description of from production department to make good products. The Human resource department of a company is also helpful for marketing department. The marketing managers require HR department for hiring skilled and knowledgable employees who will help in achieving the goals and targets of sales and marketing in less time. Marketing department takes economic help from finance department, human resources from HR department and logistics from distribution network, etc. 7
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