This presentation provides an overview of marketing essentials, focusing on Cadbury, a multinational confectionery company. It covers topics such as the marketing plan, STP, 4P's of marketing, SWOT analysis, and marketing budget. The presentation also emphasizes the importance of monitoring and control in marketing activities.
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Marketing Essentials
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Table of Content •Introduction •Marketing plan •Conclusion •References
Introduction Marketing is defined as management and study of exchange relationships. This is referred as business procedure in order to create relationship and satisfying consumers. It is also regarded as important components of business management. Marketing is the activities that are undertaken by company to promote selling and buying of goods and services. This presentation is based on Cadbury which is multinational confectionery company that deals in chocolates products worldwide.
Marketing plan Marketing plan is defined as outline of marketing strategy for coming year or month. This is the part of overall plan of business which contain list of actions and strategy along with description of business. It is regarded as future road map of any organisation that provides direction to company in order to move in right path for achieving their set goals and objectives.
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Cont.… Overview of Company Cadbury is British multinational confectionery organisation which was established in 1842. This was developed by John Cadbury at United Kingdom. It is well recognised and renowned brands dealing in chocolates segments like dairy milk, fruit and nut, caramel, bars, chunk bags and others.
Cont.… Mission- The mission statement of Cadbury is to make continuous improvement in their product quality in order to ensure promises which that are delivering to their consumers. Vision- The vision is to create high brand value for their people through offering of best products and services. Marketing Objectives •The marketing objectives set by Cadbury are as follows: •To increase sales from 20% to 30% in next 3 to 5 months.
Cont.… STP This is three step approach which helps in building targeted marketing plan where S means segmentation, T is targeting and P for positioning. This is described as link between overall market and company chose their compete in market. •Segmentation •Targeting •Positioning
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Cont.… Marketing Strategy This is defined as 4P's of marketing strategy which are described below: •Product •Price •Place •Promotion
Cont.… SWOT Analysis of Cadbury StrengthsWeaknesses This is considered as world leader in terms of chocolates having huge distribution channel. Cadbury carries strong brand for their product portfolios. It has strengths of brand name, equity and loyalty. It has weak distribution channel in rural areas. The quality of chocolates are not good as cockroaches and rodents were found. OpportunitiesThreats It has an opportunity to expand market in rural areas. They can go for new tastes for their consumers as they prefer chocolates bars. There is rise in cost and price because of increase in transportation, fuel and distribution cost. Due to rise in demand of users and purchasing power there is threat for organisation.
Cont.… Marketing Budget Particulars1st year2nd year3rd year4th year Initial money10000500050005000 Investment100001000060005000 Total20000150001100010000 Marketing outlay15000100030005000 Promotion4000100050002000 Sales publicity2000200010001000 Direct selling4000300010001000 Total250007000100009000
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Cont.… Monitoring and Control This is the last stage of marketing plan where each and every activities are monitored and controlled in an effective and efficient manner. With this step, all the work of organization can be properly monitored and controlled. This can help them to make proper correction if required in any step and achieve goal and objectives.
Conclusion From above presentation, it has been summarised that organisation requires marketing for achieving set goal and objectives. It is very essential for business to have proper running of marketing functions so that work can be carried out effectively and efficiently. There are differentmarketingfunctionssuchasstandardising,grading,marketingplanning, information and other where various roles and responsibilities are played by marketing manager for better outcomes.
References •Mueller, J. P. and et. al., 2015. Community‐based livestock breeding programmes: essentials and examples.Journal of Animal Breeding and Genetics. 132(2). pp.155-168. •Papasolomou, I. and Melanthiou, Y., 2012. Social media: Marketing public relations’ new best friend.Journal of Promotion Management. 18(3). pp.319-328.
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