Role and Responsibilities of Marketing Function in M&S
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This report discusses the role and responsibilities of marketing function in M&S, including its innovative marketing strategies and partnerships with fashion industry companies. It also explores the wider organizational context and the impact of marketing on sales services.
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Marketing essentials
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TABLE OF CONTENT INTRODUCTION.................................................................................................................................3 LO1.......................................................................................................................................................4 P1 Role and responsibilities of marketing function...........................................................................4 P2 Role and responsibilities of marketing related to wider organisational context............................6 LO2.......................................................................................................................................................8 P3 Comparing Application of the Marketing Mix by Different Business Organisations...................8 LO3.....................................................................................................................................................10 P4 Marketing Plan for Marks & Spencer.........................................................................................10 CONCLUSION...................................................................................................................................12 REFERENCES....................................................................................................................................12
INTRODUCTION Marketing essentials is considered to be one of the most important business objective for gaining stronger position into world scenario through which higher rational positions can be attained onto more dev eloped ethical working parameters. The 7ps of marketing essentials are known to be one of the most important part which enables to bring high effective segments within the set paradigms and to rationally bring marketing goals into practical business sense. M&S company is one of the best retail fashionable brand within UK industry known for large innovative products and services through which it has attained large goodwill within business world. The report explains role and responsibilities of marketing function where wider company business objectives are attained onto bigger levels through strong innovation within various segments and the fundamental role it plays onto wider contexts (Armstrong, Kotler and Brennan, 2018).The report discusses new company ways which apply marketing mix to evocative planning to achieve higher business objectives for longer effective development and the role marketing planning plays at M&S to bring strong technicality within performance metrics. The report also brings forward marketing plan for company M&S with all gaols, strategies and higher relative business positional parameters to attain long term viable paradigms onto relative performance targets. LO1 P1 Role and responsibilities of marketing function Marketing function is one of the most important business segment which enables to bring on higher scale services for gaining strong business positions and to pertain onto higher reflective working segment for longer working hemispheres. The role of marketing function
is highly evocative to bring on more determinants through complete procedural functioning onto more relative determinants where company aims to keenly develop rational paradigms. Marketing function has been increasingly becoming one of the most stringent function of business where technology works as an effective parameter to pertain onto more technical parameters for gaining strong positions within business world.The role and responsibilities of marketing within M&S company which is one of the most high developed retailer brand is highly important and rational to bring on more advanced working determinants where the brand aims to be highly functional onto strong innovative marketing demands (Brezak, Vlastelica and Kostić, 2019). The M&S marketing department is highly functional to bring on best marketing trends with strong innovation and advancement within the goals of company to program out larger determinants for longer effective working paradigms. The brand has positioned itself as one of high fashionable company to bring on long term goodwill among domestic as well as international countries business segments for gaining stronger positions at higher levels. M&S marketing is known to be one of the highly innovative marketing where brand has been working onto various paradigms to bring on long term focus and rational functional positioning within the set targeted customer markets (Yahia, Al-Neama and Kerbache, 2018).The brand is known to be highly precisely working with best innovation and creativity within its marketing functions where social media has also played an active role to keep on attracting large scale customers. M&S works with high précised synergy to market out its products and services among consumers market share for gaining long term yielding position within the yielding metrics and to potentially leverage onto best paradigms within fashion industry. The brand hasbeen working on twitter, Face book, YouTube and instagram to bring on more relative innovative marketing parameters to reach large scale customers market share and to rapidly work on the untapped business segments within global marketing scenario (Chen, Van Der Lans and Phan, 2017). The M&S company has been partnering with best fashion industry companies worldwide and enterprises to build on long term synergy of higher effective marketing and to rationally build on keen marketing trends focus to develop long term marketing position within world retail industry. The retail industry where M&S is known as one of the most innovative fashionable brand focusing onto more technical advertisements, productively working on higher innovation within working segments to promote on digital marketing. M &S focuses onto best radical marketing parameters with higher synergy of keen focus to leverage for
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gaining strong marketing paradigms which has been increasing profits and goodwill among consumers also. The brand strongly focuses on marketing functions to bring on working paradigms where factors of fashionable approaches to gain customers share, leverage on gaining strong fundamental position and to actively produce best fundamentals for technical advancement (Wilson, Zeithamland Gremler, 2016). M&S is one of the most functional brand within retail industry producing high fashionable products and services and positioning itself as most high developed brand governing onto keen synergy of optimism for best marketing fundamentals (Davcik and Sharma, 2016). Marketingprofessionalsare highlyactivetobring beforehigher effectivedeveloped business paradigms and to reflect onto best services as per developed customer oriented facilities where marketing plays an active role. The brand has been working on the best marketing functional paradigms to focus on best factors to leverage more rational functional scaled services where active marketing works as one of the most important parameter. M&S is one of the best retail brand where marketing has been highly productive to bring on quested parameters onto best factors of gaining potential customers market share and to develop long term position within world retail industry. These factor explains the role and functions of marketing within the global dynamic business world where the rational synergy onto keen paradigms is to bring on more developed functional scale services and to generate long term positioning into marketingdepartment(NewmanandTrump,2017).M&Sisoneofthemosthigh fashionable brand within retail industry to work onto innovative marketing and to program on the best developed working standards which will further bring on more focused retail marketing paradigms to pertain onto developed functional units. The brand has been working onto marketing segments with best fundamentals of technological advancement where all customer satisfaction services are governed with best metrics of development and yield onto higher synergy of actions to program out the targeted revenue and to leverage long term position with best synergy of creative marketing and advertisements through digital platforms within world metrics. M&S being one of the most high developed retail brands within UK and global industry focuses to build strong parameters of gained innovation,creativeadvertisingwithbestfunctionalrolestodevelopnewrational developmentparadigmsthroughwhichwideradvertisementshavebeenavailableto develop onto more radical fundamentalswith wider scope of services focused onto consumer strength. .
P2 Role and responsibilities of marketing related to wider organisational context The role and responsibilities of marketing related to company M&C company context can be understood by the fact that there is wide relative development within marketing fundamental to evolve on overall working scenario which enables to program out more developed working standards (Dwyer, Dragićević and Knežević Cvelbar, 2016). The role of marketing in context of M&S is highly proactive to bring on stronger working performance metrics to bring on stronger working parameters pertaining to vast generated determinants, keenly work onto more rational strengthening along with stronger results of profitability and goodwill among consumers. Role of marketing can be further analysed with the fact that it enables to generate strong working paradigms within dynamic business world with strong competitiveness and higher strength parameters. Marketing with strong branding has successfully created M&S one of the biggest brand of UK retail industry to bring best customer satisfaction services and high innovation within all portfolio of products through whichlarger goodwill is developed and technically advancementto program out best rational functional fundamentals. The various new responsibilities of marketing within M&S company context can be understood with the following factors where the metrics of higher relative development enable to bring on larger proactive functional strength for bigger time frame (Percy, 2018). M&S company has been programming wide marketing rational activities and developed higherinnovativemarketingresponsibilitiesforgainingstrongerbusinessparameters developed to bring on best proactive market demands (Felbermayr and Nanopoulos, 2016). The responsibilities of marketing can also be understood with the fact that higher innovation and best brand products can be delivered with marketing parameter which plays an important role to keenly bring customers close to company products for yielding on to best sanctioned paradigms.Marketingplaysanimportantresponsibilitytodeliverbesttechnology advancement, company fashionable products and larger determinants for gaining higher scale of relative gaining strong market share. The brand has been aiming to use marketing as one of high role within global dynamic business world with proactive rational factors to bring on strong marketing, enhance the untapped business segments within various countries and also yield onto best channels of innovative marketing. The responsibility of marketing at M&S company is known to be one of the most higher functional as company has been investing with large funds onto marketing channels to program out all fashionable outputs and customers services based onto demands of market
share. Marketing also enables company to build strong brand within global business arena and to relatively bring higher keen synergy of best radical paradigms and to yield onto larger determinants of international marketing. Globally M&S is one of the biggest brand within retail industry producing large innovative items and products, services pertaining best rational fundamentals to bring higher profits and goodwill among consumers. Role of marketing is alsohighlyimportanttodevelopwithinbusinessworldgloballywherethequestof innovation is highly proactive to change based on customers demand and preferences. Marketing builds brand globally through digital networks within international paradigms and influence to build best proactive functional paradigms within quested synergy, leverage higher profits and larger goodwill among consumers within untapped customers business segments. Marketing responsibility can also be programmed within M&S company sales services where best innovative products, fashionable outlets are rationally developed onto larger working paradigms to bring on more connected global viability within world hemispheres. The brand marketing focuses to bring on best determinants of digital marketing where the company has been progressively working on to bring on best radical high ethical functional role to get higher profits and larger effective marketing determinants. The marketing plays an important role by working on the responsibility of one of the most important department to proclaim onto best factors of gaining synergy among consumers business world where the dynamic strength of marketing is focused. Marketing plays one of the highly important role to technically bring advancement and raising the standards of marketing to leverage onto more innovation within set metrics of working strength by working onto the parameters where success is focused to bring on best relative synergy of profits and goodwill among consumers (Wakefield and Blodgett, 2016). LO2 P3 Comparing Application of the Marketing Mix by Different Business Organisations Marketing mix is a strategic framework that details a set of strategies, tactics or actions used by a business organisation with the intention to promote and advertise its goods and services to the public with the population. This section compares the application of marketing mix between Marks & Spencer and Primark business organisations, both of which are competitors to each other, within the retail industries of UK. The marketing mix consists of 7 components as follows:
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Product:Marks & Spencer includes two brands within its operations one dedicated to food productsandtheotherdedicatedtoclothingandhomewareproducts.Theproducts manufactured and sold by Marks & Spencer within the retail industries of UK are primarily focused on satisfying their customer’s needs, preferences and requirements within the retail markets, placing great focus on the quality and fashion style of their customers which the administration of Marks & Spencer identifies through consumer analysis and consumer insights (Chaffey, 2019). Primark on the other hand only includes one brand that is dedicated to clothing and homeware products. While the products offered by Primark are also focused on design, fashion style, these are manufactured solely to meet the demands and requirements of their customers. Price:Marks & Spencer sells its products within the retail industries of UK by making use of skimming pricing strategy with the prices of their innovative goods and products eventually decreasing in the retail markets. The product prices offered by Marks & Spencer are dependentonthequalityofmaterialsusedandinnovativedesignoftheproducts. Contrastingly, Primark offers product prices to its customers which are highly affordable, competitive and reduced on account of using cheaper source materials at the cost of product quality as part of its business model. Place:Marks & Spencer offers its services and goods for sale within the retail markets from a number of physical retail stores, online stores and franchise establishments in an effort to effectively provide its services to a large base of customers within the retail industries of UK. Marks & Spencer also has considerable international operations (Kotler and et.al., 2017). Contrastingly, Primark only offers its goods and services to the consumer through its own dedicated physical stores which are strategically located to service a large number of customers. Promotion:Marks & Spencer makes use of both traditional and digital marketing channels and tools such as online websites, social media platforms, magazines, newspapers, billboards, TV and radio commercials etc., in order to promote and advertise their goods and services to a large base of audience within the UK population. Marks & Spencer also makes use of digital marketing software such as Google Analytics and Hootsuite in order to dynamically monitor and record the performance of their digital marketing operations and analyse recorded data to improve marketing operations of Marks & Spencer. The promotional operations of Marks & Spencer place great focus on their brand awareness, value and
reputation within the retail markets. Contrastingly, the marketing operations of Primark are limited when compared to Marks & Spencer, as these only include use of basic traditional marketing tools in addition to social media platforms for the promotion and advertisement of their goods and services to consumers within the retail markets. Process:The operational processes of Marks & Spencer for all their varied operations are smooth, well managed, efficient and delegated between distinct departments in order to allow Marks & Spencer to provide their customers with effective and efficient service that is customer friendly at its core (Cateoraand et.al., 2020). The various processes of Marks & Spencer include traditional tills, online shopping stores and self-service kiosks. Similarly, Primark’s operational processes are also well managed and distinguished allowing for customer friendly process but does not include on line stores as part of its operational processes. Physical Evidence:As Marks & Spencer’s operations are highly varied, it places great emphasis on product packaging in order to increase its brand awareness amongst the public. Marks & Spencer also places significance on the interior design and store layout of its physical establishments in order to attract a wide range of customers with the establishments also including other optional facilities such as food halls, rest rooms and baby care facilities in order to satisfy the varying needs and requirements of their diverse customers. On the other hand, Primark does not offer any additional facilities to its customers except for focusing on theirpackaging,interiordesignandstorelayoutinordertomaximisetheirlimited profitability. People:Marks & Spencer tries to recruit highly skilled and talented individuals for its various operations,withmanyofMarks&Spencer’semployeesbeingskilled,trainedand experienced in IT skills and customer service (Hollensen,2019). This helps Marks & Spencer perform with increased performance and efficiency as its operational workforce is highly skilled, talented and experienced. While Primark does recruit skilled and talented workforce, they mainly focus on recruiting employees who are trained and skilled in providing effective customer service to their customers.
LO3 P4 Marketing Plan for Marks & Spencer A marketing plan is a strategic report that includes the marketing objectives of the businessorganisation,itstargetmarkets,marketingmix,marketingstrategies,control processes etc. Marketing plans are of immense importance for a business organisation’s marketing operations to become successful and contribute towards the business organisation accomplishing its own strategic objectives and vision. With the marketing mix of Marks & Spencer already evaluated the marketing plan for Marks & Spencer is made by making use of the SOSTAC model as follows: Situational Analysis:Marks & Spencer is a global retail business organisation that specialises in selling home products, clothing and food products to its customers within the retail industries. Marks & Spencer enjoys a very high brand awareness, value and reputation within the retail industries on account of their long sustained successful operations. Marks & Spencer has around 959 distinct establishments all across UK with 615 establishments that exclusively sell food products to the customers within retail markets. Objectives: Marks & Spencer are required to increase their total sales by 15% within the next fiscal year. Marks & Spencer are required to increase their new customers acquired additional by 10% within the next 12 months. Marks & Spencer are required to increase their current market share within the retail industries of UK by 5% within the next 12 months. Strategies:In order to effectively be able to achieve their marketing objectives, Marks & Spencer has strategically segmented and targeted their customers and have positioned the business in order to service this targeted segment. Marks & Spencer have segmented their customer base on the basis of their economic prowess with segments forming of customers belonging to the middle and upper economic classes of the population as these possess required personal disposable income for the goods and services of Marks & Spencer. Further Marks & Spencer has targeted customers from this segment belonging between the age ranges of 18-40. Targeted customers can belong to all genders, nationalities, cultures, religions etc., allowing for Marks & Spencer to service a large base of targeted customers
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(Armstrongand et.al., 2018). Marks & Spencer have strategically position their marketing strategies in order to effectively market to their targeted customers in an effort to achieve their marketing objectives. Tactics:Marks & Spencer makes use of both traditional and digital marketing channels and tools for their marketing operations in an effort to promote and advertise to a huge range of audience within UK. Using digital marketing tools such as online websites, social media platforms etc., allows for Marks & Spencer to promote and advertise to a very large base of customers through the internet, while incurring significantly less costs attached to their digital marketing operations (Philip, 2017).Marks & Spencer also makes use of traditional marketing tools such as newspapers, magazines, billboards, TV and radio commercials etc., irrespective of their combatively higher costs attached, in an effort to promote and advertise their products to a very large base of audience within the UK. Actions:In order to accomplish their marketing objectives through mentioned tactics, the marketers of Marks & Spencer have effectively delegated tasks amongst the members of their marketing team with respect to which employees of Marks & Spencer are required to look after digital marketing operations and which employees are responsible for the traditional marketing operations respectively in order for their overall marketing operations of Marks & Spencer to be successful. For their marketing tactics, the administration of Marks & Spencerhas also allocated necessary marketing budget that is required for the marketing operations of Marks & Spencer to be conducted successfully. Controls:The marketers of Marks & Spencer can dynamically monitor, record and analyse the performance of their digital marketing operations by making use of strategic marketing software such as Google Analytics and Hootsuite, which are capable to monitoring, recording and storing various marketing metrics related to the digital marketing operations of Marks & Spencer, which the marketers can analyse in order to gain insights into how their digital marketing operations can be further enhanced and improved. CONCLUSION The report can be concluded with explanation of marketing essentials and various factors where M&S has successfully enabled to bring before higher evocative working fundamentals of larger strengthen services. The report concludes higher role and wider responsibilities within marketing department where all products and services are focused as
per customers market demands to bring on larger diversity. Report concludes M&S company has been coming up with best viable metrics and functional channels of communication networking with innovative marketing where brand has been successful in gaining strong position for itself within the set paradigms of rational working standards (Rundh, 2016). Report concludes the role and function of 7Ps of marketing where M&S focuses to attain stronger synergy of marketing and to develop long term position for itself within business world. The report concludes strategic marketing plan where brand has been successful in developing long term place for itself within business world of dynamic scenario where it has been aiming to bring before best paradigms of marketing within global business world and to yield onto higher promotional parameters to attain developed marketing fundamentals. M&S is one of the best retail brand within UK and global industry to bring on higher proactive working determinants and invest on innovative marketing segments within business world for higher profitability among consumers and goodwill attainment REFERENCES Books and Journals Armstrong, G.M., Kotler, P., and Brennan, R., 2018.Marketing: an introduction. Pearson UK. Armstrong, G.M.and et.al., 2018.Marketing: an introduction. Pearson UK. Brezak,S.,Vlastelica,T.andKostić,S.C.,2019.AREMARKETING COMMUNICATIONSRELEVANTFORTHEPREPARATIONOF BU.TEME: Casopis za Društvene Nauke.43(2). Cateora, P.R.and et.al., 2020.International marketing. McGraw-Hill Education. Chaffey, D., 2019.Digital marketing. Pearson UK. Chen, X., Van Der Lans, R. and Phan, T. Q., 2017. Uncovering the importance of relationship characteristics in social networks: Implications for seeding strategies.Journal of Marketing Research.54(2). pp.187-201.
Davcik, N. S. and Sharma, P., 2016. Marketing resources, performance, and competitive advantage: A review and future research directions.Journal of Business Research.69(12). pp.5547-5552. Dwyer,L.,Dragićević,V.,andKneževićCvelbar,L.,2016.Achievingdestination competitiveness: an importance–performance analysis of Serbia.Current Issues in Tourism.19(13). pp.1309-1336. Felbermayr, A. and Nanopoulos, A., 2016. The role of emotions for the perceived usefulness in online customer reviews.Journal of Interactive Marketing.36. pp.60- 76. Hollensen, S., 2019.Marketing management: A relationship approach. Pearson Education. Kotler, P. and et.al., 2017. Marketing for hospitality and tourism. Newman, K. P. and Trump, R. K., 2017. When are consumers motivated to connect with ethicalbrands?Therolesofguiltandmoralidentity importance.Psychology & Marketing.34(6). pp.597-609. Percy, L., 2018.Strategic integrated marketing communications. Routledge. Philip, K., 2017.Principles of marketing. Pearson higher education. Rundh, B., 2016. The role of packaging within marketing and value creation.British Food Journal. Wakefield, K. L. and Blodgett, J., 2016. Retrospective: The importance of servicescapes in leisure service settings.Journal of Services Marketing. Wilson, A., Zeithaml, V., and Gremler, D., 2016.Services marketing: Integrating customer focus across the firm. Yahia, I. B., Al-Neama, N. and Kerbache, L., 2018. Investigating the drivers for social commerce in social media platforms: Importance of trust, social support and the platform perceived usage.Journal of Retailing and Consumer Services.41. pp.11-19.