Roles and Responsibilities of Marketing Function: Premier Inn Case Study
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This study explains the key roles and responsibilities of the marketing function in the context of Premier Inn, compares how different organizations apply the marketing mix to achieve business objectives, and evaluates a marketing plan for Premier Inn. It includes a PESTLE analysis, SWOT analysis, and budget for the marketing plan.
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Explain the key roles and responsibilities of the marketing function.........................................1 Explaining roles and responsibilities of marketing relate to the wider organizational context. .2 Comparing the ways in which different organizations apply the marketing mix to the marketing planning process to achieve business objectives.......................................................3 Marketing plan for the specified organization............................................................................5 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Marketing is one of the significant function of the organization that pay attention on promoting the goods and services in turn achieving business objectives can become possible. In the current era, it is important for the business to pay attention on developing effective technique of marketing so that higher profitability and sustainability can be derived. The current study is based on Premier Inn which is one of the successful organization operating in hospitality sector. It will pay attention on explaining roles and responsibilities of marketing function and in wider organization context, comparing how different organization apply marketing mix to achieve enterprise objective sand evaluating marketing plan. MAIN BODY Explain the key roles and responsibilities of the marketing function There are different kinds of the role which are played by the marketing function whichhelps the organization to gain significant ability to compliance with prevailing requirements of business. ï‚·The one of the significant role that is played by marketing function in the company involves having effective market research so that relevant outcomes to get understanding about customers requirement can become possible. ï‚·Effective communication with customer can be developed by having appropriate level of marketing techniques (Sarkumand Syamsuri,2020). This can help the organization to get the significant ability to provide the crucial information in turn accomplishing objectives like aware audience, greater market share, etc can become possible. ï‚·It is responsible for the organization to pay attention on developing the coordination among all the departments which can be effectively done by having the marketing function into business. Tackingtrends & monitoring competition can properly done by having the relevant information so that accomplishing aim of offering reliable goods and services can become possible. ï‚·Marketingfunctionhastherolesandresponsibilitiesofidentifyingthecustomer requirement, satisfying their needs, ensuring higher profitability via generating greater revenue, motivating firm to bring innovative products formulating strategic plan, etc. for example- Premier Inn as being one of the international organization pay attention on having significant efforts to keep its customer satisfy by enabling them to receive the 1
reliableinsights about the offered products and services through having effective marketing strategy which contributes in meeting higher profitability and revenue. ï‚·The other kinds of the roles and responsibilities which are executed such as helping to improve sales, formulating good brand image, etc. in turn better information can be provided to develop to enhance goodwill of firm. For instance- Premier Inn pay attention on conducting actions that can increase its sales and profitability via enabling buyers to get insights about its competitive edge. Explaining roles and responsibilities of marketing relate to the wider organizational context There are distinct form of the organization that has different kinds of the objective which motivates to implemented highly effective strategy so that achieving leading position can become possible. For becoming successful organization it is important for the enterprise to give emphasisonhavingeffectivemarketingprocedurethatinvolvesproduct,price,place, promotion, people, process and physical evidence. In the wider organization context, it can be interpreted that there are various types of the goals which are formulated in order to offer quality service to customers (Tien, Phu, and Chi, 2019).For meeting this, objective sit is important for the organization to give emphasis on developing relative marketing processes via focusing on all crucial elements like product, place, etc. in turn attaining significant competitive position can become possible. There are several roles which are performed by wider enterprise that includes planning & executing the proper marketing models through having desirable level of control in respect to derive predetermined objectives. International organization need to pay attention on surety that their marketing techniques are complying with the prevailing standards so that irrelevant legal complications can be avoided (Gama and Casaca,2019). The set of responsibilities which accomplished by the marketing function of the wider organization that involves catering customer needs, identifying needs of customers. Monitoring and managing social media, conducting customer and marketing research, creating content providing search engine optimization, helping the firm to increase salesprocesses,communicating&coordinatingwithallthedepartmentssothathigher profitability & sutsinab8lity can be derived. On the basis of this it can be interpreted that in the wider organization such as mentioned, firm pay detention on completing all the specified roles and responsibilities so that higher productiveness can be attained. 2
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Interrelationofmarketingwiththeotherdepartments marketing and finance are interrelated with each other as implementing any promoting and advertingstrategyrequiredtocoordinatedwiththeavailabilityofthefunds.Marketing department needs to follow the formulated budget by the finance departments so that optimum utilization of resources to get desirable objective scan become possible. ï‚·Marketing and human resource are related as HR play role of recruiting the workforce for accomplishing the duties such as selling & distributing, conducting content writing, etc by ensuring that right candidate is placed at right job (Nwaubani, sianta and Zelka, 2019). ï‚·Marketingandproductiondepartmentareconsideredtobehighlyintegratedas producing new products can be properly done via getting the corrective information from the promoting & advertising activities. This allows meeting customer requirements in organized and higher effective manner. ï‚·Marketing and legal are found o be conducted due to having ability by organization to eliminate irrelevant aspects that can arise due to non-compliance with the established standards for executing ethical activities ï‚·Marketing and customer service work together to make the customers satisfied so that h feedback for conducting action can be obtained to make changes. ï‚·Marketing and IT ensure that these both are coordinated to offer the reliable service to customer so that attaining goals with relevant application can become possible. Comparing the ways in which different organizations apply the marketing mix to the marketing planning process to achieve business objectives Marketing planning process is related with having the relevant actions into the considerations such as setting goal, conducting market research, auditing results, determining budgets, etc. different kinds of the organization pay attention on applying different marketing mix which can be understand from the below comparison. Marketingmix (7Ps) Premier InnHilton ProductItoffersdifferenttypesof rooms m for distinct customers (Marketing mix of Premier Inn, Itoffersservicesformeetingthe requirementssuchasmeeting, wedding,, banquet hotels,restaurants, 3
2022). There are distinct form of services offered such as review of TV,Wi-Fi, drinks, etc which makesitssuccessfulin hospitality sector. food beverages by dividing into the category such as h core, facilitating and supporting products. PriceItusesdifferentkindsofthe rates for distinct visitors such as flex, semi flex advance, standard and non flex rate. Thesetofpricingapproachthatis takenintoconsiderationsincludes strategy matrix, penetration, skimming, etcindifferentgeographicalarea (Rosário, 2021). PlaceIntheUK,thespecified organization possess 800 hotels through taking reservation from website and offline bookings. It is established in 103 countries and highlytargetexclusivesegmentof society via ensuring significant ability to meet market forces. PromotionThere is a lot of money Invested bytheorganizationfor marketingthatinvolveradio, printmedia,digital&social media,etcwhichisallowing attracting customers. Itfocusesexclusiveoncustomer attraction&satisfactionnthrough usingdifferentmarketingtechniques such as using both tradition & digital techniques to have higher outcome. PeopleThe people of the organization arecommitmenttocorporate socialresponsibilitiessothat achievingtheorganizational objectivewithmaintainingthe competitiveedgecanbecome possible. It pays attention on the loyal costumers viagettingcommitmentfromthe buyersthroughofferingquality performance.Thereissuccessful executioninalldepartmentsdueto availability of skilled employees. ProcessHotelwebsiteapp,search engine for the referred location, bookinghotels,etcarethe Considered to be the best hotel chain in worldduetoitsmaintenanceofh effectivequality,reducingcots, 4
crucial processes of the firm.distribution system, etc. so that higher profitability can be obtained. Physical EvidenceThiscomprisesphysical environmentofthespecified organizationthatinvolvesnice logo, plus rooms, etc, Thisinvolveshavingpresenceof having significant properties across the globe, having effective hotel booking chains, website to incline reach and evidence in market. On the basis of this, it can be articulated that how tow different organizations applies the marketing mix into the process. Marketing plan for the specified organization Overview of the company: Premier Inn operates as the service hotel chain in the different locations of the UK. The company is planing to offer security of luggage through installing the alter offering system that can be attached at the time of checking and removed while checking out through focusing on having robotics so that higher accuracy can be maintained. Vision: To give affordable service with maintaining quality so that positive impact on customer can be provided. Mission: to place everywhere to reach potential buyers via making meaning contribution to customers and communities so that significant growth can be attained. Objectives: ï‚·To incline the customer share via increasing marketing efforts by 10% at the end of year ï‚·To improve customer satisfaction by 15% within six months via offering quality performance. ï‚·To get higher profitability via obtaining 10% more conversion rate through inclining efficiency & effectiveness to meet customers' requirement of safety & security. PESTLE analysis Politicalfactors Changes on tax rate, political stability, Economic factors 5
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imposition of law, etc. has positive impact on company. GDP,purchasingpower,saving,interest, employment, etc. rates are highly affecting the stability in the hospitality sector so attention should be paid on these. Socialfactors Changingtrends&preferences,cultural values,easyaccessibility,beliefs,attitude, online¢ralizedreservation,security, qualitystandards,etc.playmajorrolein affecting the processing of specified firm Technologicalfactors Technological upgradation & emergence on digitalplatformispositivelyaffectingthe Premier Inn. Legal factors The set of roles and regulations of hospitality industry about the sourcing, compliance with standard, etc. has higher extent impact on functioning. Environmental factors Accessing to resources, reducing carbon foot printanddecliningpollutionandhaving effective wastage management is exerted by firm that favourably impact organization. SWOT analysis Strength Higherlevelofcustomersatisfaction, networkofsupplychain,morefocuson market and having effective skilled labour force(PremierInnSWOTAnalysis, Competitors & USP,2022). there are different lacking areas such as lack oftechnologicalimplementationandnot presented as global operator. Opportunity Itinvolvesmorestrategictieups, international market grabbing, higher brand image, digital presence, etc. Threats highercompetitionandthreatlegal compliance Marketing mix 6
Product: There are different kinds of services such as offering rooms, drinks, restaurants, etc. Price:Distinct pricing strategy such as competitive by having compliance with flex, semi flex, etc. requirements of business so that higher profitably can be attained Place: Domestic market and taking bookings from online platforms such as social media, business based platform. Promotion: Both traditional & digital techniques such as email, direct, etc. marketing technique to attract higher customers. People: Qualified and skilled labour force is serving as competitive edge. Processes: There are distinct processes such as booking rooms, offering service, etc. so that higher service can be offered. Physical evidence: the set of quality providing furniture and website to incline sales, profitability, etc. STP approach Segmentation: it can be done on the basis of geographical behavioural, psycho and demographic (Malik and Aggarwal, 2022). Premier Inn will pays attention on having psycho graphic and behaviour segment to attract customers. Targeting : Those customers who have objective of keeping their belonging safe and having efficiency in meeting their visiting objective Positioning: On the basis of quality performance and affordable price. Budget ParticularsAmount £m Rent55000 communication expense20000 transportation costs21000 selling and distribution expense44000 administration expenses40000 marketing and promotional expenses30000 Supervisor fees40000 7
Technical supervisor fees500000 installing of required equipment expenses700000 Salary of staff350000 Training & development cost200000 Total2000000 Monitoring and control With help of implementation regarding variance analysis and KPIs so that standards set for having quality performance via eliminating deviation can become possible. CONCLUSION From the above report it can be concluded that marketing is one of the significant function that plays different roles and responsibilities. The current report ha involved effective communication, improve sales, formulating good brand image, et. The current report has involved marketing mix such as pricing, promoting, product, place, processes, people, etc.by comparing Premier Inn and Hilton. The current study has involved marketing plan via involving SWOT, PESTLE, etc. so that depth understanding can be derived. s 8
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REFERENCES Books and Journals Gama, A.P.D. and Casaca, J.A., 2019. The balanced scorecard approach in evaluating the marketing function.International Journal of Business Excellence.19(2). pp.267-284. Malik, R. and Aggarwal, R., 2022. Innovative Marketing and Consumer Behavior: A Systematic Literature Review.SAMVAD.23.pp.87-93. Nwaubani, J.C., Tsianta, A. and Zelka, M., 2019. A Quantitative Research on The Effectiveness ofTheImplementationofSupplyChainManagement,Logistics&Marketing Function-TheGreekParadigm.EuropeanJournalofBusinessandManagement Research.4(6). Rosário,A.T.,2021.BasedGuidelinesforMarketingInformationSystems.International Journal of Business Strategy and Automation (IJBSA)0.2(1). pp.1-16. Sarkum,S.andSyamsuri,R.,2021.Theroleofmarketingfunctionforcompetitive advantage.Calitatea.22(180). pp.32-39. Tien, N.H., Phu, P.P. and Chi, D.T.P., 2019. The role of international marketing in international business strategy.International Journal of Research in Marketing Management and Sales.1(2). pp.134-138. Online MarketingmixofPremierInn.2022[Online].Availablethrough: <https://howandwhat.net/marketing-mix-premier-inn/> PremierInnSWOTAnalysis,Competitors&USP.2022.[Online].Availablethrough: <https://www.mbaskool.com/brandguide/tourism-and-hospitality/14052-premier-inn.html> 9