This article discusses the roles and responsibilities of marketing functions in a company, including product, selling, pricing, promotion, management information system, financing, and distribution.
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Marketing Essentials
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Contents INTRODUCTION...............................................................................................................................3 TASK 1.................................................................................................................................................3 P1 Roles and responsibilities of marketing functions........................................................................3 P2 Roles and responsibilities of marketing relate to organizational context......................................5 TASK 2.................................................................................................................................................7 P3 Compare ways to use marketing mix elements.............................................................................7 TASK 3...............................................................................................................................................10 P4 Marketing plan of McDonald’s..................................................................................................10 CONCLUSION..................................................................................................................................14 REFERENCES....................................................................................................................................15
INTRODUCTION Marketingessentialconsiderasanimportantactivitythroughwhichcompany promote as well as add values to customers for fulfilling their requirements. It includes various tools such as advertisements, personal selling, public selling and many more. All these help in building strong relationship with customers and at the same time also retain them for longer period of time. As marketing directly contribute in increasing public awareness towards company products and services which may enhance profitability at market place.Alongwiththis,italsodevelopsnewstrategyforconductingresearchand development which assist company in identifying customers needs and wants (Malhotra, Birks and Wills, 2013). This will also create strong customer base towards company products and services. As manager of marketing also adopt new and innovative ways to influence customers to consume company products and services in order to increase profitability level at market place. Current research based on McDonald’s, is fast food restaurant as they operate their business activities in over the world and also provide quality food services to larger number of customers. Various key roles and responsibilities of marketing function is also discussed in this project as it helps in improving the performance level of the company. Along with this, comparison of marketing mix in two different organization is also mentioned to evaluate the actual performance of the company at market place. TASK 1 P1 Roles and responsibilities of marketing functions In today’s scenario, marketing is one of the important concept which use business organization to increase their sales by promoting quality products and services to its large number of customers. In addition of this, marketing is an appropriate term through which firm invite individuals and also influence them to consume company products for fulfilling their needs and wants. This will directly contribute in grabbing attention of the people as they easily create string customers place which directly contribute in attaining higher success at marketplace.Mainly,marketingincludesvariousactivitieslikeselling,promoting, advertising, customers relation and many more. All these will enhance productivity level of the company at market place. Along with this, manager of the company uses various strategies to analyse the market trends and condition. With the help of this firm easily attain set goals and objectives in appropriate time frame (Bean and Hussey, 2012). In this context,
there are some main roles and responsibilities of marketing function which may leads in determining overall performance of the company. All these are as follows: Product:It is one of the important function of marketing in which company produce quality products for their customers to fulfil their needs and wants. By serving quality food items, McDonald’s easily enhance their performance level in front of market and customers as well. Along with this they also invite larger customers towards its products and services (Macarthy, 2018). In context of McDonald’s produce high quality products as per customers requirements as they easily satisfy them and also retain for longer period of time. As company offer cheese burger, French Fries, drinks and many more items to its customers. Apart from this, company also take customers feedback and opinion as per regular basis to make their process of effective. For this company use new and innovative ways as per market trends to increase their positive image at market place. Selling:It is also an important function in which marketing department collect relevant data through various marketing tools. With the help of this manager easily determine customers requirements towards company products. In this, the main aim of marketing manager is to increase sales and profit as well. For this manager make better ways to provide their final products to final customers in order to attain their satisfaction level. In addition of this, manager should set use appropriate tools to provide their products in market place as customers easily buy it. Mainly, company use cost effective promotion channel in which they promote their services in front of market which may leads in enhancing overall sales of the company. This will directly contribute in enhancing positive brand image. Pricing:It is one of the important function of marketing function in which manager should set their product price affordable as customers easily pay for this. If cost of the product high and quality is low then customers reduce their interest on products and switch another product. Thus, it is important for McDonald’s to set product cist as per its quality and features which may leads in increasing profitability level of the company at market place. In addition of this, it is also important for business to prepare some effective pricing strategies to provide its food items at affordable cost. This will help in inviting large number of customers towards company food items. Promotion:It is also a major function of marketing as company provide information to people for aware them towards its services. By using this tool, company communicate with their customers and also influence them to consume company products (Babin and Zikmund,
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2015). This will help in attaining better satisfaction level of the customers which directly contribute in increasing profitability level. In this context, there are some major tools of promotion which can helps in connecting with number of people and which are sales promotion, personal selling and many more. All these are used by McDonald’s to increase customers demand towards form products (McDonald and Meldrum, 2013). This will directly contribute in grabbing customers attention. Management information system:This function related with system which helps in collecting relevant data of customers and market trends as well. By this manager of marketing easily take right decision. It related with customers behaviour, taste and action. This will provide number of opportunities as manager easily store information and provide them quality services accordingly. For attaining better results, manager should gather data on daily basis which may helps in improving their performance level. Financing: Financial funds are vital for company and marketing function as well. By whichmanagereffectivelyundertakean effectiveresearchasthey identifycustomers requirements. In addition of this, manager of the company makes an effective budget in which they consider all the requirements of funds. As it provides various opportunities to company to deliver quality services to its target customers. Distribution: Under this, company should use effective channel of distribution to transfer products form one place to another with the purpose of handover to end consumers. In context of McDonald’s, they cover urban areas through appropriate distribution channel. As company easily sell their food item to large number of customers for increasing profitability level at market place. By this, company create competitive image at market place as number of customers are attracted towards its services. Therefore, all these are major responsibilities of marketing function as McDonald’s needs to effectively implement all the activities in appropriate manner (Rossi, Allenby and McCulloch, 2012). This will contribute in increasing profitability level in market place which may enhance productivity level. P2 Roles and responsibilities of marketing relate to organizational context Marketing department is play crucial role in promoting as well as implementing new ways to promote company products and services with the purpose of attaining customers satisfaction.Alongwiththis,itincludesvariousactivitieslikepromotion,marketing, delivering quality services to target customers by considering their needs and wants. For
attaining better success in market place, marketing manager also undertake research for identifying customers taste. This will aid in attaining positive outcomes in appropriate time frame. In addition of this, department of company is related with the marketing function which may leads in enhancing the chances of grabbing customers attention (Satit and et. al., 2012). As there are some department of McDonald's which interrelate with marketing function are as follows: Marketing with operation department:Production section of company is play vital roleinmanufacturingqualityproductsandservicestocustomersaccordingtotheir requirements. In this marketing manager conduct effective research to identify market trends and customers taste as well. By which operation department easily produce variety and quality food items which may leads on enhancing their performance level. Both department are interrelated with each other as they easily attain competitive advantage at market place by delivering high quality products to customers as per their needs. This will directly contribute in creating positive brand image at market place as compare to its rivals as number of customers are retain for longer period of time. Marketing function and finance department:Proper fund is major requirement of every business and its department as well. With the help of this various department easily execute their activities for attaining set goals and objectives. As it is important duty of finance department to allocate enough funds to marketing department. For this manager of company make an effective budget which cover all the needed of every division. This will aid in attaining set goals and objectives. By utilizing enough fund, marketing manager easily use new and innovative techniques to produce as well as deliver quality services to its customers. For this they promote as well as advertise in market place so that number of customers are attracted towards McDonald’s food menu which may enhance profitability level of the company. HR function and marketing department:Employees are the important assets for every business organization to accomplished their set goals and objectives. For this HR department play important role in recruiting and selecting best candidates as they easily perform their duties to attain their set target. Along with this, they also select skilled workers for marketing department as they easily understand customers taste by handling them effectively (Morgan, 2012). This will increase the customers base within the company which directly contribute in enhancing positive brand image at market place.
Sales department and marketing function:It is important for company to make better relation between sales and marketing department as they effectively serve quality services to larger number of customers and at the same time also attain their satisfaction level. In this marketing manager use various tools and theories to communicate with customers to encourage as well as influence them to purchase company food items. This will help in increasing the profitability level at market place (Marketing Structure.2010). In this context, McDonald's, marketing manager use appropriate promotional techniques to increase publicawarenesstowardscompanyproducts.Thiswillaidinenhancingsalesand profitability level as well. Along with this, company also make better relationship with target customers. Marketing function with R&D department:Under this, it is important for manager to established better relation with their customers. For this, manager conduct appropriate research in which they take feedback and opinion of the customers regarding company food. By this they easily serve their service accordingly which directly helps in developing better relation with customers. Basically, the main benefits research and development department is to create customer base by understanding market trends and customers preferences as well. IT department and marketing function:This department includes various software and technologies thorough which manager understand customers taste and providing them same. This will define various opportunities in which firm save cost and time which directly contribute in developing growth level. Along with this, Twitter, Facebook and many more application are used by McDonald's to interact with people and provide them relevant information so that they consume its products. The main role of IT department is to store and manage all the data which helps company to enhance their performance level at market place. Thus,allthesearemajorfunctionofcompanyasithelpsinimprovingthe profitabilitylevelofthecompanybyestablishinggoodinterrelationshipwithanother department. By this, they communicate with their customers for proving quality services for fulfilling their needs. With the help of this, company enhance their positive brand image at market place (Laczniak and Murphy,2012). All these will contribute in establishing competitive place in market place as compare to its rivals.
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TASK 2 P3 Compare ways to use marketing mix elements In today’s market place, various elements are considered as an important as company enhance their profitability level. As marketing mix is also an essential concept which is consider as an effective strategy which helps in satisfying customers needs and wants in appropriate way. One of the main aim of using marketing mix is to increase the chances of attaining desirable goals in competitive market. With the help of this, company easily make an effective market plan as it leads in creating customers base within the company (Chan, He and Wang, 2012). As it is important for company to use all the elements which helps in creating as well as producing quality products and services to its customers. It includes seven elements that helps in attaining desirable results. For understanding all these elements there are some comparison between two company which operate their products in same field. All these are as follows: BasisMcDonald’sBurger King ProductMcDonald’sisknownbyits famousburgerasnumberof peoplearepurchaseitasper regular basis. As cheese burger, chicken burger, cold drinks and many quality food items are sold by company to its customers for fulfillingtheirrequirementsin appropriatemanner.Themain aim of this company to provide healthyfooditemstoits customers thus they make their cookingareascleanand hygienic. In this company serve burger, desserts, cold drink and many moreproductstolarger number of customers with the purposeofcompetingtheir competitorsatmarketplace. Thus, it is important for them to produce more quality food itemstotheircustomers accordingtotheir requirements. PlaceApprox. whole world cover by McDonald’sastheyserve various services through various outletsandrestaurants.Along with this, company also consider Burger King set their outlets in various location for covering over the world as they easily enhancetheirperformance levelatmarketplaceby
customersconveniencesothat they easily purchase its services. deliveringqualitygoodsand services to target customers. PriceProduct price is more affordable for customers as every type of people are easily purchase their productsaspertheirneeds (Dahnil and et. al., 2014). As McDonald’s use cost leadership strategy in which they set cost of the products is more effective so that customers are purchase its servicesandincrease profitability level. As the price of the products of BurgerKingismore affordable as compare to kits rivalsbywhichtheyeasily invitecustomerstowardsits products and services. Along withthiscompanyalso evaluatingaswellas monitoringtheirpricing strategyasregularbasisto managetheirperformance level at a competitive market place. PromotionThis element if more helpful for company as they easily invite as well as attract larger number of customers.Inthis,themain target of McDonald’s is to serve theirservicestokidsby promotingtheirproducts through social media, hoardings, TV and many more (French and Russell-Bennett,2015). Establishing attractive outlets is alsohelpsinpromoting company products. Itisimportantelementof marketingmixforevery companytoincreasepublic awarenesstowardscompany productsandservices.As BurgerKingusevarious promotionaltoolssuchas menu,advertisement,social media for inviting number of customers to purchase its food itemsforincreasing profitabilitylevelatmarket place. PeopleUnder this, the main focus of McDonald’sistoprovide trainingprogramstotheir workers as they effectively know that how to serve products and services to customers. As they Workersandcustomersare mainpartofcompanies,as Burger King have skilled and talented workers in which they provide quality services to its targetcustomersby
givecomfortableandclean services for enhancing positive experience to its customers. understandingtheirneeds throughcommunicatingwith them. In this, the main focus of Burger King is to provide goodexperiencetoits customerssothattheyvisit again and again. It assists in increasingproductivitylevel (Finch, Nadeau and O’Reilly, 2013). ProcessVisible and transparent process of manufacture is also effective as customers are easily saw. Due tohygienicprocesscustomers increase their demand and retain in company for long period of time. It helps in enhancing the marketsharefromits competitors. It is main part of the company inwhichfirmconsider effectivemanufacturing processthroughwhichthey produce quality services to its customers.Alongwiththis theyalsoensurethat deliveringprocessalso effectiveascustomersare happy with company services. Physical evidenceOutlets of McDonald’s is more attractivewhichinfluence customers to consume company food items as they also set clean andhygienicenvironmentto peopleastheywantstovisit again and again in restaurant. Underthis,Burgerkingset variousoutletsinapprox. 14000 locations. As they also tries to expand their activities inanotherdeveloping countries to established global image. TASK 3 P4 Marketing plan of McDonald’s Marketing plan consider as an important procedure for business organization as it helps in improving the performance level of the company. It is a formal document and blueprint which determine all the activities to effectively attain future results. Along with
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this, plan of the company in relation of marketing helps in attaining set goals and objectives which may contribute in enhancing overall sales of the company. Mainly, the main aim of preparing marketing plan is to accomplishing targets (Chitakornkijsil,2012). It includes company mission, vision and various activities which contribute in determining actual performance of the firm. For attaining better results, manager should prepare a proper marketing plan as it provides ways and direction to make appropriate strategies. As there is description of marketing plan of McDonald’s: Overview of company McDonald's is famous and popular multinational company as they operate their business activities in over the world. It is considered as biggest fast food restaurant which found in 1940 by Richard and Maurice McDonald's. The main products of this company are burger, Chicken products, Burger and many more on whole world. Vision This statement is important as it define future aspects where company wants to see itself in upcoming time frame (Sheikh, Shahzad and Ishak,2016). As the main vision of McDonald's is to become a leading restaurant by proving quick services to customers. Along with this, they offer positive and hygienic environment as number of customers enjoy company services. Mission This statement defines ways to attain set goals and objectives as company focus on their mission while executing their activities. As the main mission of McDonald's is to create loyal customers within their organization by delivering eatable drinks and food services. SWOT analysis of McDonald’s StrengthsWeaknesses McDonald's is biggest and strong global brand as they offer quality fast food services to its customers. Diversified incomes is also a strength of this company as they offer quality products and services to its large number of customers. Due to slow income and revenue creates issues at the time of enhancing profitability. Lessmarketsharealsoweaknessofthe company at market place. Highcompetitioninmarketalsoreduce profitability of the company.
Competitivepriceoftheproductsismain strength through which firm easily enhance their customers base. Healthy as well as positive environment. OpportunitiesThreats Expansion of the stores at international level enhance the chances of capturing larger market share form its rivals. They serve their products in over the work as number of loyal customers are part of this company. McDonald’s also joint ventures with retail and super markets. Health conscious customers is main threat for McDonald’sascompanyreducetheir customers base. Demographic change is also negatively impact on company and its productivity. Number of competitors in market place is also threat for company. Fluctuation in foreign exchange rates of the nation. STP of McDonald's Under this, company set their products on the basis of segmentation, targeting and positioning as they easily enhance their profitability level at market. Segmentation: Under this, McDonald’s set their products as per segmentations such as demographic, psychographic basis. This will aid improving overall profitability level (Coulon and et. al., 2012). Targeting: It is related which customers which target by company to offer their products and services. In this McDonald focus on kids, families, teenagers. As they easily serve their services according to their requirements in order to enhance their customers base. Positioning:Under this, McDonald’s tries to set their positive image in market place as they use positioning strategy to serve their quality and unique products which assist in capturing customers attentions towards company products. Marketing mix of McDonald's
Under this, 4 elements or marketing mix which determining the actual requirements of the customers through which c company easily serve them accordingly and attain their satisfaction level. Product:McDonald’s offer various products as cheese burger, French fries, cold drinks and many more to end users. As the main focus of company is to provide higher satisfaction to its customers which helps in attaining success at market as compare to its rivals. Price:As cost of the products helps in enhancing company profitability. This is importantterm which charge by company to itscustomersfrom products. As McDonald’s use bundling price that helps in increasing the customers base as they enhance their productivity level at market place. Place:As company focus on customers convenience in which they set their outlets in posh and better place as number of customers are easily purchase company services and satisfy their needs. It directly establishing competitive place in market place. Promotion:For increasing public awareness towards company food items, as they communicatewithcustomersthroughvariouschannelssuchasadvertisements, personal selling, direct selling. Along with this, McDonald’s also use online platform as they promote their services by social media in which larger number of customers are easily invited. This aid in increasing profitability level of the company at market place. Marketing strategy Formakingpositiveimageatmarketplace,McDonald’sprepareappropriate marketing strategies through which they easily enhance their quality services (Fazlollahtabar, Aghasi and Forte, 2012). As company use relationship marketing strategy in which they understand customers requirement and also build positive relationship. It aid in increasing customers base of the company. Marketing budget: Under this, McDonald’s manager prepares and effective marketing budget which consider all the expensive and income of effectively determining overall performance of the company at competitive market place. One of the main purpose of preparing budget is to evaluate the actual income of the company.
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Execution: In this step of marketing plan, manager analysis the effectiveness of entire activities of the procedures. By this they easily take right decision and accomplished positive goals and objectives in an appropriate time frame. This will help in generating profitability level at market. Evaluation: This is last step of marketing plan, in which manager take final decision by evaluating entire activities of the company and its plan. By analysing entire process company easily manage their performance and at the same time also chances of attaining desirable goals and target. CONCLUSION As per discussed assignment, it has been summarised that marketing is a broad concept as company easily established positive brand image at market place. For this firm promote theirproducts and servicesqualitiesby using variouspromotionaltoolsand techniques. This will directly contributein accomplishingset goals and objectivesin appropriate manner. Along with this, sales promotion, personal selling, advertisement and many more all these are helps in building positive customers relation by understanding their needs and wants towards company products and services. As a biggest fast food restaurant, they serve their various quality products and services to its customers for fulfilling their requirements. It will help in improving performance level of the company at market place. In addition of this, roles of marketing function also play vital role in managing entire marketing activities to deliver right products to right customers. Furthermore, elements of marketing mix also help in evaluating overall profitability of the firm through which company easily grab customers attention.
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