This report compares the marketing mix implementation of Cadbury and Nestle, two well-known international organizations. It discusses their strategies for product, price, promotion, and place, highlighting their approaches to attract and satisfy customers.
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Marketing Essentials
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Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1 Marketing function and its roles and responsibilities........................................................3 P2Responsibilitiesandrolesofmarketingfunctionwithotherfunctionalunitofan organisation............................................................................................................................6 TASK 2............................................................................................................................................8 P3 Comparison between different ways of organisation to implement marketing mix.........8 TASK 3..........................................................................................................................................11 P4 Formulation of marketing plan........................................................................................11 CONCLUSION..............................................................................................................................14 REFERENCES..............................................................................................................................16
INTRODUCTION The term marketing is formulated with various aspects that undertake set of activities, process and operations that are used for satisfying needs and wants of customers. Almost all Business organisation utilise the term marketing for promoting and advertising organisation products with implement of right marketing channel. The main motive of marketing is to approach large number of individuals and influence them for purchase of organisational product or service. This report is composed from point view of Cadbury which manage and control their operational and functional activity from UK(Alford and Page, 2015).In the present scenario, Cadbury is a multi-national confectionery organisation and its headquarters is situated in London, England. Moreover, this report highlights on role and responsibilities of the marketing function and its relations with organisational context. Comparison between marketing mix of two organisation will also be included in this report. In the last, evaluation of marketing plan is focused in the upcoming report. TASK 1 P1 Marketing function and its roles and responsibilities Marketing function is defined as a role that helps organisation for identifying and source potential products that make a success in the market through promoting organisation products in the organisation. In context of Cadbury, marketing is an important function part for management because it helps organisation to sustain for longer period in competitive market. Along with this the term marketing evolves effective philosophy which helps to understand consumer needs and wants so it is for organisation to formulae right decisions in order to gain competitive edge in international market. Some concept that support marketing activities are mention as below: Production concept-With the analyses of production concept, organisation develop products in bulk to that fulfil demand of large customers(Barrales‐Molina and et. al., 2014). From the perspective of Cadbury production concept is used by organisation in marketing to control cost of all products that attracts more number of customers.
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Product concept-According to the concept of product it is implemented by organisation for accomplishing better position in market through innovating its products that match with needs and wants of customers. From perspective of Cadbury, product concept helps to add more value in organisational products. Marketing concept-This is one of the most appropriate and current concept that is used by each and every organisation because it helps management to decided organisational goals and objectives that match with needs and wants of customers. Therefore, it is easy for Cadbury to achieve company goals and satisfy customer’s needs at similar time period(Bharucha, 2016). Selling concept-In all marketing concept, selling concept is one of the most complex function that is not easy for organisation to implement. Cadbury, also face various challenges to work according to selling concept as marketing team bear large expenses to work with concept of selling. Societalmarketingconcept-Thetermmarketingconceptdefinesaneffective organisation develop its strategy which provides appropriate value to its customers. So the society as well as organisation both are benefited through implement of societal marketing concept. Roles of a marketing function In the current world, the role of marketing in an organisation plays an important role either it is large or small. This refers with the support of globalisation all business are performing their operations at a similar platform so to capture more market it is essential for management to enhance role of marketing. Example- Marketing team help Cadbury to analyse needs of customers and match them with organisational products. Some roles of marketing are mention as follow: Defining and managing the brand-It involves to transfer information that demonstrate what an organisation stand for through providing knowledge about product offering in market. From the point view of respective organisation marketing helps management to develop better interaction with its stakeholders(Burns, Bush and Sinha, 2014). This results all work is completed in proper manner by support of transferring information which also fulfil needs and wants of customers in proper manner. Example- Cadbury
manage its brand value in market by generating positive perception among customer about organisational products and services with help of celebrity endorsement. To identify potential market-The main motive of each organisation is to increase their profits by enhancing the sale of company products and services. Therefore, with the help of marketing Cadbury identify its potential target market for improve the sale of organisational products and services(Chang, Yu and Lu, 2015). Along with this by targeting the right market area goodwill for organisation is also improved because organisation products satisfies needs and wants of customers in proper manner. So with the role of implementing and understanding potential market it is easy for management to improve goodwill, customer satisfaction and profits which leads Cadbury to achieve top position in market. Responsibilities of marketing function Develop of marketing strategy-To accomplish organisation objectives and targets the marketing strategy plays an important role that benefits organisation to attract more number of customers. It is the responsibility of marketing department or function to achieve essential sales which help to earn required revenue to cover operational cost. Moreover, if Cadbury fails to formulate right marketing strategy which satisfy needs and wants of customers properly then it is not possible to operate functions in international market. Example- Organisation strategy of Cadbury leads management to earn more profits by taking first mover advantage to accomplish market opportunity. To track trends and monitor competition-This is one of most important responsibility for organisation that helps to monitor rivals steps. In simple terms, it states that Cadbury are facing various challenges because of intense competition in organisation. Therefore, by monitoring competition with help of marketing function Cadbury accomplish better position in the market. Similarly, marketing team also analyse various trends in market and industry(Dahnil and et. al., 2014). This helps production department to formulate their products which are trending in market and it satisfies needs and wants of customers properly. Identify and understand customer needs-Customers are one of the most important assetfororganisation.Ontheotherside,marketingisanimportantfunctionfor organisation so it is the responsibility of marketing team that they understand needs and
wants of customer’s for satisfying them in an accurate manner. This results it also identify by management to accomplish better position in market and it also improves market area with satisfying needs and wants of customers properly. Along with this if marketing team is not able to identify customer area than business also fail as customer needs are not satisfied. Overview of marketing process Marketing process is defined to the system of dissecting various open doors inside market, choosing proper objective market, creating of market blend and overseeing advertising endeavors(Deepak and Jeyakumar, 2019). It is fundamental for the director in Cadbury to distinguish the accessible open doors in advertise so they can be utilized in the kindness of organization to gain high incomes. By focusing on right clients and offering them wanted items, incomesoforganizationcanbeimprovedextensively.Advertisingblendandpromoting techniques will help firm in recognizing their market position with the goal that upper hand over opponents can be accomplished appropriately. P2 Responsibilities and roles of marketing function with other functional unit of an organisation This is important for organisation to accomplish organisational target within decided time period. But it is not possible that an individual department such as marketing accomplish all task and objectives. In order to achieve all targets in an efficient manner this is important for organisation for formulating better collaboration between all departments. This result it is easy for Cadbury to accomplish better position in market by performing all operations and functions properly. This also generates inter-relation between marketing and all other departments of Cadbury to achieve company targets in minimum time period. Marketing and HR department-Human resource recruits workforce or employees for each department that perform roles to accomplish better position in market through performing their work according to company goals and objectives. It refers that to accomplish better position in market it is essential for management to advertise and achieve efficiency to work in proper manner(Fischinger and et. al., 2015). Marketing departments requires large number of workforce so with interacting human resource departmentitiseasyformarketingdepartmenttorecruitskilledemployeesfor performing organisational projects. Example- marketing department share information of
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vacant seats with human resource manager and then HR department understand required skill which must in an individual to fill vacant position. Finance and marketing department-The main work of finance department is to allocate and decide budget for each organisational activity. It also helps management to understand revenue and expense that are required by each department. From point of Cadburymarketingdepartmentdecidebudgetforeachrolesuchasresearchon customers, advertisement of products, distribution of sample etc. So finance department calculate budget which is required by marketing team. Moreover, if both departments not interact with each other than it is not possible to achieve right results as it is also necessary that marketing department calculate return on investment in order to calculate net profits(Freeman and et. al., 2014). Saleandmarketingdepartment-Marketingdepartmentperformtheirroleand understand needs and wants of customers for designing organisational products according to current market trends. In order to collect information to understand customer need it is essentialthatmarketingteaminteractwithsalesdepartmentbecausesaleforce individuals interact with customers on regular basis. Cadbury marketing department conductregularmeetingswithsaleforceoforganisationforacknowledgingand understanding of customer knowledge to use them in proper manner. Example- Sales force of Cadbury interacts with consumers for taking feedback about organisation product and use them to improve value of company products. Value and importance of marketing role in context with organisation Marketing play a significant job in the working of a business association. This is a key method of advancing, selling or looking into about the administrations or items which are profoundly popular. With the assistance of suitable advertising, consideration of clients can be picked up in a legitimate way. Because of this, Cadbury will have the option to offer just those items which will be required by clients. In light of the exercises performed by showcasing division, organization will have the option to fulfill the wants and needs of clients in an opportune period(Hannah and et. al., 2014). This will benefits Cadbury in expanded deals because of which they will have the option to achieve their targets and objectives in an appropriate way. In the event that showcasing office won't publicize and advance the items which are offered by Cadbury, at that point clients won't have the option to think about them.
Because of this, they will purchase items from different brands and organizations. This will diminish the deals and incomes of organization in a negative way. Interrelationship between different departments and teams of organisation So as to accomplish objectives and focuses of Cadbury in an appropriate way, it is significant for various branches of organization to work in a planned way. Interrelation among variouscapacitieswillguaranteesuitableconnectionandcorrespondenceamongworkers because of which generally efficiency of organization will increment in an impressive way (Iacobucci and et. al., 2015). Interrelation among different units of Cadbury will help the supervisor of various division particularlyshowcasing chief to actualizeapproachesin a legitimate way. Because of which various assignments of organization will be performed appropriately. On the off chance that various offices in Cadbury, for example, advertising, deals, account, HR, creation office won't impart appropriately, blunder of work can occur. Because of this, organization will affected in a negative way and deals, pieces of the pie and incomes of firm will be diminished. This will goes about as a boundary for Cadbury in accomplishing upper hand over adversaries in an appropriate way. TASK 2 P3 Comparison between different ways of organisation to implement marketing mix Marketing is defined as an effective business tool that includes different set of tactics and actions which is used by an organisation in order to sale organisational product and services withinlargequantity.Thisworkasaneffectiveelementwhichisusedforsatisfying organisational products and services in proper manner for evaluating organisational performance in the market properly. From the point view of Cadbury marketing mix implementation and its comparison with Nestle marketing mix is mention as below:
Figure1Source(https://www.smartinsights.com/marketing-planning/marketing-models/how-to- use-the-7ps-marketing-mix/) BasisCadburyNestle ProductCadburyisoperatingthere business from the UK and it is oneofthewell-known organisation that satisfies need ofcustomerswithhelpof largeproductline.All organisationalproductof Cadburyaredeveloped accordingtoseasonwhich alsoprovideslargetarget market area. Nestleisperformingits operationsamong international market that also maintaingoodwillof organisationasaSwiss companyinoverallmarket. Further,toattractmore numberofcustomerslarge variety of products is provided bymanagementtosatisfies needs of customer properly. PriceCadburyisusingprice penetrationstrategytoenter into new markets. Along with this to decide right price for productsmanagementfocus Ontheotherside,Price skimming strategy is used by Nestleforintroducing productsinnewmarket. Along with this price charged
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onqualityofproducts.So customer’saremotivatedto consume Cadbury products. by Nestle for its products its premium as company decide priceaccordingtoits goodwill. PlaceInthepresentscenario, organisationisoperatingits business at global level and it cover all most all urban and ruralareasforoffering organisational products. So it is easy for customer to buy Cadbury products. However,Nestleisalso offeringtheirproductsin international market. But it is complexformanagementto offer and deliver its products inruralwhichgenerates challenge for organisation to sale products in new market. PromotionCelebrity endorsement is one of the key aspects that leads organisationtoadvertise company products properly. It refers that organisation select socialmediaaspectto influencecustomersfor purchase its products. On the other side, Nestle is promoting company products with print and digital media to motivateconsumersfor buyingorganisational products. along with this with aggressivestylepromotion methods Nestle introduce its new products. ProcessThere are various process used by Cadbury in order to deliver organisationalproductsto customersproperly.Cadbury storeitsproductsattheir warehousewhichallare situated at prime location. Further, the process used by Nestleisefficient. Management divide its market onorganisationalbasisfor satisfying needs and wants of customerproperly.Retailers are the most important part of supply chain and process of organisation. PeopleEmployees are one of the mostNestle treat its employees with
important asset of organisation thathelpsmanagementto achievecompanyobjectives andgoalsproperly (Kingsnorth,2019).Cadbury organise regular seminars and workshops for its employees inordertoenhancetheir knowledge about organisation products. ineffectivemannerthrough providing them right training anddevelopmentclasses whichenhancecustomer satisfaction level. In return to thisemployeesareprovided highmonetarybenefitsto deliver its best performance. Physical evidenceOneofthemostimportant effective and attractive aspect of Cadbury physical evidence is company Head-office from where organisation manage its all products. With aspect of Nestle physical evidencewhichisusedby organisationrelateswith organisationalwebsiteand their advertisement on social media. The aspect of marketing mix leads Cadbury to understand it’s current position within market. In order to improve market area and customer base it is essential for management to understand marketing mix of organisation. Moreover, with understand of marketing needs it is identified that bundle pricing helps management to offer company products as discount rates. Along with this Cadbury also ensure that all of its products are present at each outlet whether it is a retail store, mall or supermarket. Along with strong and supportive promotional methods also leads organisation to become popular in market due to which it is easy to all customers by covering large market area(Järvinen and Taiminen, 2016). TASK 3 P4 Formulation of marketing plan The term marketing plan can be defined as one of the most effective plan that conducts all operational and functional actions and activities in a formal way. It benefits the organisation for identifying its target market area and design organisational products according to current market
requirements to attain better profits from invested amount. Along with this Cadbury also support all of its activities through performing them properly as per right strategy market. This also help company for positioning organisational products as per existing market condition through utilising various model such as marketing mix, STP and many more(McDonald and Wilson, 2016). Moreover, plan helps the management of Cadbury to design bridge between current position and desired position. Executive Summary Cadbury isone of Britishbrand which iswell-recognisedfor theirconfectionery products. Mondelez international operates and manage all functions and operations of Cadbury from London Based Headquarter. According to present market conditions, Cadbury is operating develop a strong supply chain that helps to operate business in rural as well urban area in an appropriate manner. Dairy milk, Bournville etc. are some of the most famous chocolates that are manufactured and delivered by Cadbury. With the increase in competition company is focused to introduce and offer sugar-free chocolate which helps to capture first mover advantage in industry by launching healthy chocolates. SWOT Analysis SWOT refers to a strategic tool that leads Cadbury to identify and understand its strengths, opportunities and weakness, threat which helps company for improve is strategy and give tough competition to rival organisation(Mihart, 2012). Strength Cadburyisarenownedandleading brand in terms of chocolates through widepresenceofitsdistribution channel. Thebrandloyaltyofthecustomer towardsCadburyishigh.Solarge customer base is another strength for organisation(Nichollsandet.al., 2013). Weakness Organisationisnotconcernabout launching new products that generates challenge to increase market share. In some areas, the product quality of products is not similar and match with quality standards which also work as a weak point for organisation. Opportunities Company has opportunities to establish Threats Due to intense competition the cost for
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its manufacturing units in developing countries. So it is easy to control cost of organisation.whichworkasan effective opportunity for organisation. With the increase in online presence of organisation it is easy for management to approach large number of customers with low cost. final products of organisation because good quality products require numerous ingredients that are expensive. Mars, Nestle and other local brand are improving its product quality due to which it is more complex to sustain in market effectively. Objective Business objective leadsan organisation to decide future position of organisation. Some objectives in context of Cadbury is mention as follow: To enhance organisation sale with 25% by introducing new sugar-free chocolate with in a period of 6 months. For improving skill and qualities of organisation to maintain product quality for new product. By implement of participative leadership style it is easy for organisation to improve their market shares for improving company sales to satisfy new products and organisation. Strategies Segmentation-Thereare variouswaysthathelpsorganisationfor segmentingits customer on the bases of geographic, demographic and psychographic segmentation. From point view of Cadbury, organisation adopts its aspect sugar-free chocolates and divide market on bases of geographic segmentation. Targeting-The main target for organisation sugar free products is health products that satisfies needs and wants of customers who are more conscious about health. So separate programs are developed by organisation for improving its new products in easy manner that help to enter in a new segment(Pappas, 2017). Positioning-Organisation is already their business at global level but the launch of new products is complex because sugar free products are complex. As customer not believe that sugar free products are able to develop similar taste without sugar. So Cadbury
develop its positive perception among customers to make a successful launch for new products. Marketing mix This is essential for organisation to formulate new products in market with help of marketing mix that are mention as below: Product-Organisation is focused to introduce new products that are sugar free and helps organisation to enter into a new field of market which increase market area as well as customer base for organisation. Price-With implement of price penetration strategy it is easy for organisation to enter into new market by introducing products at low price. In context of new products which is Sugar free chocolates Cadbury utilise goodwill to charge more price of the products after successfully entering in market. Place-Products are available among all supermarket and stores of organisation so it is also easy for Cadbury to deliver new organisational products at global level market. Promotion-From the point view of Cadbury organisation offer free sample to all of its customers for new products. Along with management develop an effective combo for celebration to make success for organisational products. Process-Cadbury is utilising lean methodology and effective process of customers so that extra cost for company is also managed. This also reduce organisational products and its area. People-Manager of organisation provides right and effective training to all of its employees so all actions for new products are managed in proper manner. Physicalevidence-Themainphysicalevidencetomaintainitsproductasper advertisement to manage free sample for distributing its customers properly. COST Total cost for productionof new products is mention as below: ParticularAmount Marketing12000 Human workforce or employees11000 Equipment10000 Raw-material14000
Total47000 Profit margin-Company is introducing with new products that aim for increasing to maintain business as per profitability for managing its areas(Simkin and Dibb, 2013). The areas for organisation provide its areas as per management that increase current performance by improving its margin with 20% for each quarter. Monitoring and Controlling The last step for business plan relates with organisation that identifies management aspect and it is used to satisfy needs and wants of customers in proper manner. To control all operations and functions management also implement KPI and Benchmarking technique for maintaining new product quality. Further, the main motive for organisation to implement such techniques is to manage product quality and match with requirements of customers. CONCLUSION With understanding of all above mention information and the analyses of report it is concluded that marketing aids an organisation to achieve competitive edge in market through promoting organisational products in an effective manner. In order to accomplish better results marketing department plays an important role and responsibility for assessing basic needs and desire of consumers. Moreover, marketing department also develop positive relations with other departments for accomplishing company goals in specified time period with minimum utilisation of resources. In the last, marketing plan as well as marketing mix also assist management to generate and implement effective strategy for achieving company goals and objectives in an organised manner.
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