Role and Responsibility of Marketing Function in Tesco
Verified
Added on 2023/06/11
|10
|2546
|292
AI Summary
This report discusses the role and responsibility of marketing function in Tesco, along with its association towards the other functions of the firm. It also includes a comparison of marketing mix of Tesco and Morrison and a marketing plan for an organization.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
UNIT 2 ASSESSMENT
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Marketing function.......................................................................................................................3 roles and responsibilities of marketing relate to the wider organisational context.....................4 Comparison and application of marketing mix on Tesco and Morissons....................................5 marketing plan for an organisation..............................................................................................7 CONCLUSION................................................................................................................................8
INTRODUCTION Marketing is the core function of business that allows the company tom make sales of its product along with raising the brand awareness of the company. With the mode of marketing the company can add more customers towards the organization and thus raise the revenue of the firm. Tesoc is one of the major retailing firm of UK which was found in 1919. Its main aim is to champion the customers by serving the quality product at most valuable rate. This report will discuss role and responsibility of marketing function along with its association towards the other function of the firm. A comparison of marketing mix of Tesco and Morrison and Marketing plan is also a part of the report. MAIN BODY Marketing function Marketing is an essential function of the organization that deals with creation of awareness of the company and assist in the selling of product of the organization. With respect to the function of marketing the organization can add more customer and add more customer towards the company. Role: Marketingfunctionplaysanimportantroleinthegrowthandsuccessofthe organization. With the help of marketing function company can add more customers towards the company. Marketing also lead to assist the company in terms of raising of brand awareness along with raising the awareness in relation with the product of the company. With the mode of marketing function, the requirement of the customers can be understand that will lead to assist the company to make an analysis of its product which guide the company in terms of continuing of operation of selling the same product, making changes in the existing product and the introduction of the new market. Thus, this function assist in the decision making of the company. Marketing also play an important role in the promotion of the product of the company so that more customer will know about the company product and thus raise the sales of the company. In the same way with the mode of marketing the company can create its place in the market and thus assist the company in meeting the market competition.
Thus, in respect to Tesco it use the marketing function so that it can make assure that the right product will be reach to the right customer so that it can raise the sales and profitability of the organization. Responsibility of marketing function: The major responsibility of marketing function is to meet the promises which is made to the customers. This is because marketing is not only related with the creation of brand awareness but it also includes the meeting of promises which are made in respect to the product. In case of Tesco with the mode of marketing function i.e. Tesco along with performing the function of marketing also meet its promises in terms of availing the best quality product as promised by the company. In the same way as per the responsibility of marketing a reach to the prospective customer has to be made by Tesco that will lead to assists the company in adding the customer along with meeting the need of them. roles and responsibilities of marketing relate to the wider organisational context Marketing functions of an organization are closely related with the roles of the business as they help in identifying the sources for the promotion of the firm (Shtal, and et.al., 2018). All the organization function are same in every organization such as research, product function, promotion sales, finance, development process, customers services etc. the marketing function involves the responsibility related to organization, as these are directly responsible for the growth of the company. The strategies made in the marketingfunctionconsistplanningforthehumanresources,salesdepartment, distribution department, marketing research etc. Marketing function in all the e commerce business are same and are required to followed by the company accordingly. The functions of the marketing department of the Tesco is as defined. The primary functions of the organization are related with the marketing for making better strategy for the efficiency in the work. The strategies will help the organization in achieving its objectives on time and with minimum wastage of the materials in the organization. The interrelationship among the different functions of the marketing will help in satisfying the marketing needs and preferences of the customers. The marketing process of the company involves various activities such as production of goods, and selling them to market. The marketing process is directly linked with the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
tastes and preference. It includes marketing strategy related to the marketing mix of the Tesco. As the marketing functions of the company are related with the human resources ofthecompany.ThemarketingenvironmentoftheTescoisfullyfocusedon formulating plan for meeting the changing requirements of the customers. It helps in setting the prices according to consumers tastes. The marketing functions of the company helps in forming the design of the products and production of the products as per the marketing needs of the competitive environment. Marketing process of the Tesco has huge contribution in selecting the marketing tools for the company. After analysing the target customers of the company, the company operates its function from there for improving and increasing therevenue of the company.The marketing functions are also related to finance department of the company, as the amount required for the marketing and promoting is provided by the finance department. Further, the marketing department of the Tesco is required to be remained connected with the finance department as to know the financial position of the company. Comparison and application of marketing mix on Tesco and Morissons Marketing mix The marketing mix is used by the various organizations so that they can successfully sell their products in the market. The implementation of marketing mix helps in understanding the various aspects and the strategies of the organizations related to their products (Mintz and et.al., 2021). Tesco The Tesco uses the strategy of marketing mix so that they can achieve the various objectives of the organization.1.Product- The Tesco provides the various categories of the products in the market so that the customers can have a variety of products to choose from. The Tesco also provides the various products related to the babies and toddlers, beauty and the various products related to health and entertainment (Marketing mix of Tesco,2022).2.Price- The Tesco provides the products to the customers at a low and stable price brackets so that every customer can experience the products of the Tesco. The strategy of
keeping the prices of their products stable and competitive helps the organization in achieving the increased sales of their products.3.Place- The Tesco has more than 7000 stores all across the globes that is successfully operating and helping the organization in achieving its goals. The organization is having a lot of supermarkets in the various countries that provides the customers with the various groceries and non-food items (Choudhury, 2020). 4.Promotion- The main strategy of the Tesco is the lower prices of their products that is advertised by the company on the various platforms. The company uses the television ads and the hoardings to promote their products and the low price strategy. Morrisons The Morrisons uses the strategy of marketing mix for achieving the business objectives of the organization in various aspects.Products- The Morrisons is the organization that provides and mainly focuses on the fresh food as their products. The company provides the customers with the fresh and high quality food so that the customers can have a better and premium experience of their products (Marketing mix of Morrisons,2022).Price- The Morrisons uses the strategy of keeping their prices low while keeping the quality of their products high so that every customer in the market can experience the products and services of Morrisons. The company provides the various ranges of the prices and the products so that the customers can choose the products according to their preference.Place- The Morrisons operates in UK and have more than 660+ stores. The company provides their customers with the experience of their products from these stores and presents them with the high quality of the products at a low and affordable cost. The presence of Morrisons makes it easy for the customers to reach the products of the company so that the organization can be recognized amongst the people (Fedorko, 2018). Promotion- The company promotes their business to the customers by providing the rewarding schemes and match cards that can attract the various other customers towards the products of the company. The company also uses the strategy of advertising their products by keeping the prices of their products constant and competitive.
marketing plan for an organisation Mission statement To satisfy all the needs of the customers under the on roof at the affordable price. Objectives 5.To increase the revenue generation by 20% till April 2022. 6.To imitate and planits retail stores in the international market by the end of the 2022. 7.To increase the products of the company so that customers needs are satisfied more appropriately by the mid of year 2023. The target customers of the company includes customers of every age and belonging to different cultural background of the country (Saidani,and Sudiarditha, 2019). The marketing mix of the company should be as follows: Marketing mix for the Tesco Products the needs of the customer encourages the company to diversify the product range of the company (Thabit, and Raewf, 2018). The company can now come up with variety of the discounts, coupons and combos for attracting the large number of the customers. For increasing the customer satisfaction the Tesco can provide restaurant services in its outlets for improving the productivity of the company. Price The amount that is charged from the customers for the goods and services is a crucial part of the marketing mix (Laurie, and Mortimer, 2019). The company will use competitive price model for its products. It refers to charging a price that is affordable by its customers and providing higher competitive advantages to the company. Promotion Creation of the brand awareness program has high significant value in the marketing mix. The company will use social media as its promotional tool. As social media will help in reaching the wide range of the customers and will help in increasing the customer loyalty. Place
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
It refers to the place that helps in reaching its targeted customers for increasing the sale of the products (KHOA, 2020). It will invest in opening its stores in malls so that it will become more convenient for the customers to approach the Tesco for satisfying their needs. The company will provide app for those customers who want to order their products online without visiting its stores. It will help in saving times and efforts of the customers. Budget ParticularAmount Raw material1000 Advertising cost1000 Electricity500 Total2500 Corporate strategy In order to achieve the aims and objective of the company. The Tesco is required to appoint and allocate its resources in such a manner that they will help in achieving its targets effectively and efficiently. It involves hiring of the competent persons for representing the company to its customers. The functions of the company needs to be centralized in order to achieve the enhanced decision-making process for diversifying its scale of production. In order achieve the marketing objectives of the company, the organization is required to follow all the proposed activities accordingly. Monitoring and controlling The company will key performance indicators for controlling and monitoring the activities of the company. The company will use consumer income rate that will help in identifying the per consumer spending on the products of the company. CONCLUSION From the above report it can be concluded that marketing is an essential function of company that assist the company in raising the brand awareness of the product and the
company. In the same way it is also understood that the function of marketing is also assisted towards the other function of company that may include the finance, human resource, production and various other. In the same way the report also summarizes the marketing plan through which the company can create the awareness of brand and thus assist the selling of the company’s product. It also leads to assist the company in meeting its marketing goals and objectives.
REFERENCES Books and journals Choudhury,R.G.,2020.MarketingMixandCustomerLoyaltyinServicesMarketing. InServicesMarketingIssuesinEmergingEconomies(pp.167-177).Springer, Singapore. Fedorko, I., 2018. Specifics of a marketing mix for a startup business.Exclusive e-journal.1(33). pp.1-9. KHOA, K.T.L. 2020. Marketing research. Laurie, S. and Mortimer, K. 2019. How to achieve true integration: the impact of integrated marketingcommunicationontheclient/agencyrelationship.JournalofMarketing Management.35(3-4). pp.231-252. Mintz, O. and et.al., 2021. The right metrics for marketing-mix decisions.International Journal of Research in Marketing.38(1). pp.32-49. Saidani,B.andSudiarditha,I.K.R.2019.Marketingmix-7Ps:Theeffectoncustomer satisfaction.Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB).7(1). pp.72-86. Shtal, and et.al., 2018. Methods of analysis of the external environment of business activities. Thabit,T.andRaewf,M.2018.Theevaluationofmarketingmixelements:Acase study.International Journal of Social Sciences & Educational Studies.4(4). Online Marketing mix of Morrisons. 2022. [Online] Available through: <https://www.mbaskool.com/marketing-mix/services/16798-morrisons.html> MarketingmixofTesco.2022.[Online]Availablethrough: <https://www.mbaskool.com/marketing-mix/services/16731-tesco.html> 1