This presentation discusses the main responsibilities and role of the marketing function in a wider context. It also highlights the importance of marketing research, promotion, marketing plan, and the relationship between marketing and other departments.
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P1 & P2 Marketing Essential
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Covered Content Introduction Main responsibility of marketing function Role of marketing function in wider context Conclusion References
Introduction Marketing is related to finding the needs of buyers and providing them high level of customers satisfaction. ChipotleMexicanGrillisaUSA based fast food chain company. This reportwilldiscussaboutvarious functionofmarketing.Marketing activitiesofMcDonald'swillalso become part of this file.
Main responsibilty of marketing function The importance of marketing department has increase din last 3 to 4 decades. This division is related bringing thebusinesstoanorganisation.Thisfactoris continuouslyenhancingtheirresponsibilityinan enterprise.
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Continued... Role of Marketing Function: Marketing Research:This wing of organisations like M cDonald's take accountability of conducting various kind of research in different markets. Promotion: It is the responsibility of marketing function to promote the products of the corporation.
Continued... Marketing Plan:Packaging and designing is an important fu nction for a company like McDonald's. Remove bad promotion: Corporation like McDonald's has many competitors, they try to taint their image by spreading wrong information about company and its product on social media, an important medium of promoting commodities.
Role of marketing function in wider context Marketing division of an enterprise help various departments of the company. Their are responsible for supporting other wi ngs of the organisation.
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Continued... MarketingandProduction: McDonald'sisknownfortheir tasteandeconomicprice. Manufacturing and procurement department need important detail regradingpreferencesofthe customers. This help them in in producingrightquantityofan item.
Continued... Marketing and Finance:Marketing team has complete k nowledge about the industry. They play significant role in t elling finance with the correct source of raising funds. The reason behind McDonald's rapid growth that they invested their funds in proper areas.
Continued... Marketing and Human Resource:Selecting right people i n the organisation is the main task of HR wing. But this divis ion seek assistance from marketing team because they help t hem in telling the desired quality which in needed in a salesp erson or market analysts.
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Conclusion From the above report, it can be concluded that marketing de partment perform various significant function like conducting market research and organising promotional activities. They a lso help other division of the company by proving them cruci al market information.
References Armstrong,G.andet.al.,2015.Marketing:an introduction. Pearson Education. Gummesson, E., 2011.Total relationship marketing. Routledge. Kitchen, P. J. and Burgmann, I., 2015. Integrated marketingcommunication:Makingitworkata strategic level.Journal of Business Strategy. 36(4). pp. 34-39.