This presentation provides an overview of Marketing Essentials, including the definition of marketing, the importance of a marketing plan for Cadbury, Cadbury's marketing objectives, STP process, SWOT analysis, resource allocation, and conclusion. It also includes references for further reading.
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Marketing Essentials
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Cover Content •Introduction •Marketing Plan •Conclusion •References
IntroductionMarketing is defined as activity, collection of institutions, procedure for creation of communication, delivering and exchanging offering which has value for users, clients, customers,partnersandsocietyItisalsocalled managementprocesswhichisresponsiblefor identification, anticipation and satisfaction of consumer requirements for profit gain. This refers activities which are interpreted by corporation for promotion in order to sell and buy goods and service.
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Basic marketing plan for the selected organisation. •Marketing plan is the part of overall business plan which includes in the different types actions and tools of business. On the other side it refers to the blueprint or documents that highlights the organisation efforts in order to make future growth in the perfect way. It is also defined the activities of business which indulge in the objectives of marketing that is accomplished by the several organisation in an effective way.
Cont.…. •Significance of marketing plan for Cadbury: In reference to the Cadbury, the marketing manager of this organisation have already executed proper marketing plan effectively. This concept will helps a lot to this company in order to promote their product and marketing activities in a proper way. With the help of this company is able to achieve their targeted goals in an appropriate manner. That is why company makes different type of plans and strategies, which are listed below:
Marketing plan for Cadbury: •Overview of the Cadbury: •Cadbury is a British multinational confectionery organisation which was established in the year of 1824 by John Cadbury. This organisation deals with different types of products such as flavoured chocolates which is made by the pure milk. •Vision:To make happy and peaceful society by developing trust in consumers mind towards the Cadbury as well as treat every consumer equally effectively in an effective manner.
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Cont.…. •Marketing objectives: •Company has purpose to achieve goals in order to increase their sales 16% in 6 months. •To develop Cadbury Vanila Crunch in order to enhance their market share by 25& in the next 2.5 years. •Bring effective and innovative product within the market in the 6 months period of time.
Cont.…. •STP:This is the effective process which always helps in developing the attractive marketing plan in an appropriate manner. •Segmentation:As per this process company is able to classified their product in every market in order to satisfying consumers. •Targeting:According to this manager of Cadbury target young customers and children as well in order to achieve potential customers in an effective manner
Cont.…. •Positioning:On the basis of this, Company promotes their product at higher level and launch new product to attract customers at higher scale.
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SWOT Analysis StrengthWeakness ï‚·Itisoneofthemultinationalconfectionery organisation which sells their item with average price. ï‚·Customer of this organisation have good trust towards their product. ï‚·In the market situation it is well stable company with higher reputation. ï‚·Some times it is hard for an organisation to arrange training and development programmes to its employees. ï‚·Lack of penetration within the marketplace. ï‚·At present days people are much serious about their health so some times they are not able to purchase chocolates.
OpportunitiesThreats ï‚·As it is well reputed brand in the world so that this company can easily achieve their effective goals and objectives in a proper way. Along with this company can grab opportunities in an appropriate manner. ï‚·For the better opportunities this organisation should maximise their sales of market effectively. ï‚·This company should celebrate their events with the other people. ï‚·The main competitors of this organisation is Amul and Nestle. ï‚·Main threat is that few times consumer do not like chocolates and go with the sweet dishes and desserts effectively. ï‚·There are lots of companies who are having same productsasCadburyhavesothatthissituation develop the higher competition.
ParticularsFirst yearSecond yearThird yearFourth year Initial money7000400050005000 Investment110001000080004000 Total1700014000130009000 Marketing outlay17000300020007000 Promotion4000100030002000 Sales publicity3000300020002000 Direct selling6000300020001000 Total3000010000900012000
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CONT… •Resource allocation: •Resource allocations is the planning in order to use available resources in an effective manner in order to achieve specific goals and aims in an appropriate manner. As per this Cadbury using this process to achieve their goals properly. •Monitoring and Control: •After the overall evaluation of marketing budget, it is important for HR manager to evaluate every function of company on daily basis. This concept focusing on the controlling and monitoring the data of company in an effective manner.
Conclusion From the above PPT it has been concluded that marketing essential is the activityofmarketing,sumtotalofcollections,supplyingtheoffersand development of good communication. Apart from this, roles and responsibilities ofmarketingfunctionshasbeendiscussed.Rolesandresponsibilitiesof marketing relate to the wider organizational context covered in this report. Along with this, marketing plan and 7Ps of marketing mix with the comparison of different organization had been covered properly.
References Achrol,R.S.andKotler,P.,2012.Frontiersofthe marketing paradigm in the third millennium.Journal of the Academy of marketing Science. 40(1). pp.35-52. Kotler, P. and et. al., 2017. Marketing for hospitality and tourism.
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