This presentation discusses the various roles and responsibilities of the marketing department and their relation with the wider organizational context.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing Essentials
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents Introduction Roles and Responsibilities of Marketing Function Roles and Responsibilities of Marketing and their relation with wider organizational context Conclusion References
Introduction Marketing refers to the activities under taken by an organization for the purpose of reaching its customers in the market. In this presentation, there will be discussion of the various roles and responsibilities which the marketing department needs to play. Also the analysis of roles and responsibilities of marketing department and their relation with organizational context will be discussed.
RolesandResponsibilitiesofMarketing Function The marketing department of an organization has various roles and responsibilities which are required to be fulfilled in an effective manner. These are explained as follows- Identification of consumer needs- It is quite important to be able to identify the consumer needs in order to be effective. This is very much essential if the company is required to meet its goals and objectives. Tracking of trends and monitoring competition level- It is important for the marketing department to be able to track the trends which are going on in the market and monitor the competition level effectively and efficiently. Work and brand values- For a company, it is important that it develops its work and brand values.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continued... Searching for new marketing tools- In a firm, it is crucial for the managers to be able to search for new marketing tools. Coordination of efforts- Marketing department has to ensure that the efforts are coordinated properly which will help the organization a lot in order to be able to help them in achieving goals and objectives. Innovation- Innovation is quite essential nowadays in order to sustain in a competitive market because the customers have dynamic needs and requirements which keep on changing.
Continued... Communication- In a firm, there can be multiple departments. These are Production, HR, Finance, Marketing, Sales etc. Improvement of sales processes and customer- In an organization it is very important for the marketing department to be able to improve the sales processes and respect the feelings of the customers. Management of budget and calculation of ROI- In a firm, the requirement from the marketing department is to manage the budget and calculate the ROI of the various products and services.
Continued... Defining of strategic marketing plans- In a company, there is a requirement from the marketing department so that it is able to frame a strategic marketing plan which will help in the proper execution of the strategies.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Roles and Responsibilities of Marketing and theirrelationwithwiderorganizational context Marketing Environment refers to a combination of different types of external as well as internal factors which are required to be considered by the marketing department of Tesco so that they are able to make sure that they can earn sustainable profits in the future time period. The roles and responsibilities of marketing department in relation with marketing environment are as follows- The components of marketing environment are as follows- Micro Environment- It refers to the environment which is closely linked with the organization and thereby affects its activities. The various forces which operated under it are as follows- Suppliers- These are the people which provide the inputs to the organization for the production of goods. Marketing intermediaries- They refer to the people which help the firms in maintaining a link with the customers.
Continued... Customers- They are the ones who drive the sales revenues and the profitability of the organization. Competitors- For any organization, it is crucial to identify the strategies which are adopted by the competitors.
Continued... Macro Environment- It consists of those factors which are external in nature and have an impact on the operations of a particular organization. In the context of Tesco, it is quite crucial that its marketing department is able to consider these factors and thus this will help them in achievement of the goals and objectives. The components of macro environment are as follows- Demographic environment- It refers to an analysis of the overall demographics which can impact the marketing plans of a firm. Economic environment- It consists of economic forces which can create an impact on the marketing plans of a particular firm.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continued... Natural environment- It refers to the natural forces which are required to be considered by an organization for the marketing plans. Socio-cultural environment- It means the social and cultural forces which are there within a society. Technological environment- It refers to the technological forces which are quite dynamic in nature and can keep on changing constantly. Political and Legal environment- It means the pace at which political situation and the legal situation and keep on changing and the way impact can be put on the organizations.
Interrelation between Marketing and Other departments Marketing and Finance- Marketing department can interrelate with the Finance department because it needs funds in order to make sure that it is able to properly market its products and services within the market. Marketing and Production- Marketing department is required to cooperate and coordinate with the Production department so that the produced goods can be marketed in the right manner.
Marketing and HR- Marketing department of the organizations is required to cooperate and coordinate with the HR department.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Marketing and Operations- Marketing department of the firms is required to make sure that it is able to work in a proper manner with the operations department.
Conclusion From the above presentation, it can be concluded that marketing plays an important role for the organizations. It is thus crucial for the managers to consider the strategies and tactics which they are adopting for it for achieving success in the market.
References Braciníková, V. and Matušínská, K., 2017, December. Marketing mix of financial services from the customers perspective. In Forum Scientiae Oeconomia (Vol. 5, No. 4, pp. 36-48). Uncles, M. D., 2018. Directions in higher education: A marketing perspective. Australasian Marketing Journal (AMJ). 26(2). pp.187-193.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser