The provided assignment is a detailed analysis of marketing strategies and plans. It covers the essential aspects of marketing, including the 7 Ps of marketing, role and responsibilities in marketing, and a case study of McDonald's marketing approach. Additionally, it includes a marketing plan to launch a new product Mc-Swirls.
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1. Concept of marketing and its key roles and responsibilities &marketing process...............3 P2. Roles and responsibilities of marketing for organisation goal..............................................5 TASK 2............................................................................................................................................7 P3. Compare the ways of marketing mix to develop the marketing plan...................................7 TASK 3..........................................................................................................................................12 P4. Marketing Plan for McDonald's..........................................................................................12 CONCLUSION..............................................................................................................................14 REFERENCES..............................................................................................................................15
INTRODUCTION Marketing is an important tool which is used by the companies to sell its products and services. It includes various activities such as- promotion, selling, market research and delivering etc. It is a process through which goods and services move to the customers. In this report chosen organisation is McDonald's. It is established in 1940 and it is an American fast organisation. The aim of assignment is to understand the marketing, role of marketing and elements of marketing mix to achieve overall business objectives. It covers the following topics such as- role and responsibilities of marketing function and 7ps of marketing. Apart from this it also talks about to develop a marketing plan for the McDonald's. TASK 1 P1. Concept of marketing and its key roles and responsibilities &marketing process Marketing is an essential function for the company to sell its products and services to the consumer and it also focus to satisfy the wants of persons. It is based on the thinking about the customers needs and try to fulfil it (Marketing, 2018). Almost every organisation has use marketing function so that they can increase the market share and it leads the company to earn more profits. It is performed by marketing department of the organisation. It can help to understand the current and future trends so that products and services can be offered according to it. Future expectations of consumers can help to know about the future trend. By analysing the habit, taste, fashion, and preference it is possible to know about the future needs of persons. McDonald's can use this function to grab more market share and fulfil the desires of people from it and provide the best quality of food to the persons (Baker, 2016).It helps to achieve the sustainable success and growth. The roles and responsibilities of marketing manager are as follows: Market information: Marketing information is required to analyse the demand of goods and services in the market. In context to McDonald's, it is important to know the what is the current trend and what thing is demanded by the consumers. It helps to provide the various information like- taste,
preference, habit and market size etc. It is helpful for the company to produce those products which can satisfy the needs and wants of customers. Marketing manager help the organisation to provide these essential information to the company. Standardisation: It helps the company to set specific standards so that everyone has to perform according to it. It is based on the certain beliefs and values of the organisation. In context to McDonald's, It can set a standard that their company will not compromise with the quality of its food and effectively provide its services to the consumers. It help to develops the believe in the people about the organisation (Beck and Reichert, 2012).Marketing manager of McDonald's should take care about the standards so that it can run for a long time in the market and earn more profits. Product distribution: Product distribution is the process of making a product available to the consumers or the persons who need it. In context to McDonald's, it can provide its food product and services to those persons who need it most and who like it. It helps the company to grab more market share which can help it to earn more profits. It is the responsibility of marketing manager to maximise its distribution so that reach of the organisation can increase to those areas which are untapped by it. Functions of marketing manager To conduct marketing research so that business of company can grow and organisation can produce the products as per the need of consumers. To develop effective marketing strategy as per the marketing plan so that objectives of company can be accomplish as per the requirement. The functions of marketing manager is to emphasis towards the consumers relationship management. The function of marketing manager is to manage the employees in the corporation so that they can perform as per the need. The function of marketing manager is ensure that consumers are aware about the products of organisation. In Marketing process companies try to discover unsatisfied consumers so that it can introduce its product according to the needs of customers. It help to analyse the selecting market,
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market opportunities and managing the marketing efforts.It can help to develop the marketing plan for the organisation. McDonald's can use it to make effective business plan so that they can make the products as per the needs and wants of consumers. There are mainly four steps which can included in marketing process such as follows: Analysing marketing opportunities: To analyse the opportunities in the market, is the first step of marketing process. It helps to know the desire of people. In context to McDonald's, it can satisfy the wants and needs of consumer by providing the products according to that. For example, If customers demanded quality product and it is able to provide that then company can fulfil the demand of its clients and organisation is able to grab the opportunities which are available in the market. It helps the company to make effective marketing planning process. Selecting the target market: Selecting the effective target market is important for the company to make better marketing process. It can help the organisation to analyse new consumers in the new market. In context to McDonald's, it can select the target market according to the following things which are asfollowslike-foodhabits,preferencesandincomeofpersonsonthatparticulararea (Biggemann, 2012). Developing the marketing mix: After developing the marketing strategy to targeted market now company can make the plan for marketing mix. Marketing mix is a set of controllable marketing variables that the organization blends to produce and satisfy the desires of persons in the targeted market. It mainly consider the following things such as product, place, promotion and price. These four elements are developed to achieve the marketing gaols of McDonald's and satisfy the consumer needs. Managing the marketing efforts: Marketing efforts are made to achieve the goals and objectives of company in the target market. Management functions are mainly focus on the four things which are such as follows- planning, analysing, implementation and control. McDonald's wants to fulfil its goals and objectives by consumer satisfaction. It can help the company to achieve sustainable success. P2. Roles and responsibilities of marketing for organisation goal Marketing role is important to capture the more share so that company can increase its reach. It is perform by the marketing manager of the organisation. Itistheresponsibilityof
marketing department to increase market share andincrease revenue so that it can achieve sustainable success. Consumer satisfaction is the most important for the organisation and it can be possible through only when it is able to fulfil the needs and wants of persons in the market. Roles and responsibilities are performed by the marketing manager of McDonald's to achieve the goal of the company. Roles and responsibilities of marketing are as follows: Marketing department with research department: Strategy formulation is the work of marketing department of the organisation so that they can achieve the objectives of company. In context to McDonald's, if they enter into a new market because they want to grab more market share. In this situation marketing manager can take help of internet to wider geographical reach. It can help to know the food habits, preference and income of persons in the particular location because organisation makes marketing research online to analyse those important information about people (Davis, 2017).In marketing research, research department of McDonald's can help the company to understand the desires of people so that organisation can fulfil it. Marketing department with finance department: Marketing department of company perform the role of market research to grab the more market share. It can help the organisation to increase its reach in the market. In context to McDonald's, if they want to bring a new product in the market then organisation can done market research to sell its product. Market research can help the organisation to analyse the strength and weakness of the competitors who are doing same business in the same area. Company's marketing department can conduct its own research by studying industry report, market data on websites or by contacting customers. Through these analysis company can understand the perception of persons about the new product of McDonald's. Marketing department of the organisation can take help from the finance department regarding the availability of the funds which are needed for conducting the research. Marketing department with sales department: Product development department of company can take help of marketing department to develop a new product or the improvement in existing product. They can analyse the sales of similar food product and identify the gap in the product range where company can find new opportunities. In context to McDonald's, if they want to introduce a new food product then marketing team of the organisation can give the information to product development team which
will help to understand the desire of people. As per needs of consumers company can introduce new product which can able to fulfil the demands of consumers. To know the likes and preferencesofpeoplesalesdepartmentwillsupportthemarketingdepartmentsothat McDonald's, can make product according to demand of the customers (Finch and O’Reilly, 2013). TASK 2 P3. Compare the ways of marketing mix to develop the marketing plan Marketing mix Marketing mix is about the puttingtheright product at the right time, at the right place. It focus on to satisfy the wants of consumers because they have different- different expectations from the product of company. It helps in the marketing planning and its help to provide information about the target market. So organisation can introduce its product as per the desire of consumers. Growth and success of a company is depends on how it treat its customers and how it is satisfy them. Marketing mix has mainly four elements which are product, price, place and promotion. It is used by the corporations to promote its products so that they can capture more market share and earn high profits. Mostly all companies use this tool to develop effective marketing plan. McDonald's can use it to to increase its reach in global market. Elements of marketing mix provides the insight about the target market, price, place, people, product positioning, etc. which can provide help to the organisation to make its strategies according to it. The 7 p's of the marketing mix are as follows:
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(Source:7 P's of Marketing Mix 2017) Marketing Mix of McDonald's and Burger King BasisMcDonald'sBurger King ProductProduct is the goods which are delivered by the organisation to its consumers. McDonald's has offers vegetarian and non vegetarian food products like snackwrap,happymeal, chickenMc-nuggets,Mc Griddles breakfastsandwich etc.Organisationhassome attributewhichcareforthe consumers sentiments on the basis of culture and religion. It has also deals in vegetarian andnonvegetarianfood productslike-Whopper, burgerkingspeciality,BK chicken fries, big king etc. It should be develop as per the demands of the consumers so that it can satisfy the needs of persons (FISK, 2013). PriceIt is the most essential element ofmarketingmixbecause consumers are price sensitive and they want quality product Burger king is little bit costly than the McDonald's. Price of Hamburgeris0.99GBPin UnitedKingdomanditis
withappropriateand affordableprice.McDonald's has offers reasonable price to the customers and it the main reason for the growth of it. For example, consumers can buy hamburger easily at the price of0.89pound.Organisation followsthebundlepricing policy. It can attract the most number of people because of its effective price. higher then the McDonald's. It has uses the market oriented pricing strategy. The price of theproductisbasedonthe manufacturing cost, if it will high then price will also high and consumers does not like the product at higher price if other company is providing the same product at lower piece. PlacePlace is the important to sell the products of the company. To chose the appropriate place isessentialforthebusiness growth and success. It sells its food products to its own stores anditcanbeseeninthe shopping malls, cinema halls etc.McDonald's has its stores in almost every big city so that most number of persons can reachthereandenjoythe product of the organisation. Burger king has also opened its stores in almost big areas or city. It has established near the cinemamalls,shopping complex etc. which can help the company to sell its product more. To select the appropriate isimportantforthe organisation to get successful (Huotari and Hamari, 2012). PromotionPromotion is a tool which is usedbythecompaniesto advertiseitsbrandsor products.Ithelpshe organisationtoawarethe Theytargetcustomerslike childrenandorganisation displayitsfoodproductson paper nut which is placed in the tray. It use banners, social
persons about its products and services. It helps to increase thereachofthecompany. McDonald'susevarious promotionaltechniquesto inform the consumers about it. It promote its products through news paper, TV, social media, hoardings, malls etc. It mainly focus to attract the youth and children.They giving toys to the children's in happy meal anditattracttothem. McDonald'sisusingthese promotional strategies to grab the more share in the market. media to promotes its products because it want to cover most of the market with its brand. It isagoodstrategyofthe company.Itcanhelpthe company to increase the reach of its product. PeoplePeople include everyone who consumethegoodsand servicesofthecompany. Peoplehaveitsdifferent- differentrolesinthe organisationsuchas- marketing,selling, manufacturing,distribution etc. which aim is to deliver the productstothefinal consumers.McDonald'shas its standard outfit for the staffs forequalservicetreatment. People are the most valuable resourcefortheorganisation The outlets are handled by the leaders and managers and they ensurethesatisfactionof consumers.Toencourageits staffs its gives rank to them so theycangetmotivatedand perform their best to achieve theobjectivesofthe organisation(Laczniakand Murphy, 2012).
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which help the the company to achieve the sustainable success and growth. Physical EvidenceIt has power to influence the persons such as customers and also the business functions of theorganisation.Itincludes speed, quality, cleanliness etc. It can help the company to run for a long time and smoothly runitsoperationsinthe business. Burger king has also same king ofphysicalevidencewhich help the company to satisfied theconsumersbyproviding goods and services as per their needs and wants. ProcessThe process of producing and deliveringthefoodsis transparent of the McDonald's. They use effective technology whichcanminimisethe production and delivering time for the food processing. They alwaystrytousedifferent methodofpackagingwhich can attract the consumers to buy the product. Organisation invites its consumers to check thequalityoffoodandthe ingredients which are used in their products. It increase and develops the faith in the people abouttheMcDonald's. Customerscanenterinthat BurgerKingalsouses transparentfood manufacturing process and it also training to the licensees so thattheycanmaintainthe same quality and standard. But isdoesnotallowtoits consumerstoenterfood processingarea(Lewisand Ling, 2016.).
placewherefoodmaking process take place. These all strategies help the company to build strong relationship with itsconsumers(Macarthy, 2018). The 7 p's of marketing mix which are using by McDonald's and Burger King has reflects that there is reasonable price is maintaining by the McDonald's where as other company has high piece. It reflects that McDonald's knows that consumers attract to those organisations who provide the goods and services at affordable price with better quality. So its has able to gain better performance and customers loyalty which help the organisation to achieve sustainable success and growth and it can survive for a long period of time. McDonald's can introduce new product so that it can grab more share in the market. It should also provide training to the licensees so that same quality and standard can be maintained. Marketing mix help to develop effective marketing plan so that organisation can satisfy its customers by providing the goods and service as per their needs and wants. It help to make appropriate strategies to increase the reach in global market so that it can earn above average profit. If a company is able to develop a better marketing plan then chances of getting success has been increased. It help to find new opportunities in the market so that new product can be launch according to it and it can be successful. TASK 3 P4. Marketing Plan for McDonald's Marketing plan is a business document which outline the marketing strategy for the new products. It often focus on the specific period of time and covers the marketing related details such as costs, goals and action step. It gives the clarity about the clients and customers. It aid in craft marketing message that will generate results for company. A marketing plan includes the detail about current situation of the business. It allows the company to know its target customers Marketing plan helps the company to launch its new product and improve the existing product so that it can effectively capture the more market share. As the company McDonald's is coming up with its new product name Mc-swirls, for that company planned to target the younger age people
of society. The marketing plan includes the marketing strategy of company for a particular product. Company want to target people within the age group of 10-42 years and it is in orange flavour. Executive summary: McDonald's want to develop a new product to capture the market share. It wants to launch Mc-swirls as a new product and target the young generation of UK. Vision and Mission: Vision and mission of the McDonald's is '' to be our customers' favourite place and way to eat and drink.” Objectives to launching new product: The objective of launching new product is to target the new sector so that company can increase its reach and compete with its competitors. McDonald's has a good image and its focus is to make its products more innovative and quality wise superior (Möller, 2013).Company has a smart objective, which is to prepare and deliver its product within 10 minutes of the order to its customers. Marketing mix for Mc-Swirls: It is essential for the company to use marketing mix so that its marketing plan can be executed properly and McDonald's can launch its product easily. Marketing mix of McDonald's is describe below- Product: It is the thing which McDonald's want to launch to enter in the new segment and in case if this company the product is Mc-swirls. Price: The price of the Mc-Swirls is 2.5 GBP and which is affordable so people can easily buy it and enjoy the product. Place: Place is any point or area where McDonald's want to launch its product and it want to introduce its product in United Kingdom. Promotion:
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Promotion is needed to make people aware about its product and company can use various promotional tools like- social media, radio, TV. etc. and these tools help the organisation to increase its reach. Tactics: Tactics is the marketing tool which McDonald's can use to inform people about its new product or existing products. There are various types of tactics which can be used by the company, which are such as follows: Shopping mall: Shopping malls can be used by the McDonald's to aware persons about its products so that it can increase its reach and more number of customers can use the product of the organisation. Social media: Social media is a very famous and effective tool of marketing the product of McDonald's . It can be use by the company to aware the persons about its new product. Apart from this it can use TV, newspaper, hoardings etc. as a promotional tool so that maximum customers can attract towards the organisation. SWOT analysis for new product of McDonald's StrengthWeaknessOpportunitiesThreat Ithasthespread operations around the world. Healthconscious peopledoesnot interested in fast food. Itcanincreasethe food items in its menu. Its has competitors like Burger King. Reasonablepriceand good taste. Disgruntled franchisees Canintroducesome beverage products. Economicfluctuation in the country. Marketing evaluation: It is a marketing technique which is used by the company after the marketing plan and it help to analyse the success or failure of the new product of the organisation (Pike, 2012).It can helps theMcDonald's to make corrective action plan so that it can improve its quality and delivery of service. Marketing efforts are such as follows: Marketing Budget:
Marketing budget help the company to analyse its cost in developing the marketing plan and also its process so that McDonald's can know how much expenses can be occurred in this whole process related to the launching of new product. Marketing budget would be around 20000 GBP to be perform its all marketing activities. STP analysis: STP can help the company to effectively launch its new product in the market. As McDonald's targeted people of age group between 10 – 42 years and location is UK initially. Return on Investment: Return of investment can help the company whether it in profitable position or not and how much amount of fund it is earning through the launching of new product. It can help the McDonald's to know its profits . Expansion: Expansion help the company to increase its market reach so that it can earn more profits and achieve the success and growth. Through expansion McDonald's can maximise its product reach in the market which help the organisation to maximization its profits. Consumer response: Consumer response is most important thing to know the response about the new product of the company. If it is positive than it can survive easily in the market and if it is negative than it can create trouble for the organisation and it can not able to meet the expectations of consumers. CONCLUSION As from the above report, it has been concluded that it is essential for the company to make effective marketing plan so that it can easily achieve its goal and objectives. It makes the organisation to survive in a long time and earn more profits. The chosen company, McDonald's has develops the marketing plan to satisfy the consumers needs and wants. In this report roles and responsibilities of marketing and 7 p's of marketing has been analysed by the organisation to achieve its goals. Apart from this company has develops a marketing plan to launch its new product Mc-Swirls. REFERENCES Books and Journals: Baker, M. J., 2016. What is marketing?. InThe Marketing Book(pp. 25-42). Routledge.
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