Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1.Explain the key functions and duties of the selling function............................................1 P2.Explain how role and responsibilities of marketing relates to the wider organisational context....................................................................................................................................3 TASK2.............................................................................................................................................5 P3 .Defined the comparison between different organisation by applying the marketing mix:-.5 P4. Produce and evaluate a basic marketing plan for an organisation...................................7 CONCULSION..............................................................................................................................11 REFERENCES..............................................................................................................................12 .......................................................................................................................................................13
INTRODUCTION Marketing is defined as the activities which involves promoting, advertising of the products in the most creative manner so that the mass of people get attracted towards the product and services to buy them. Every organisation uses the function of selling to assess the demand of the customers so that the products can be created on that basis for the full and final satisfaction of the potential customers. The term merchandising consists of assorted task such as advertising, promoting and delivering the goods to the end user. In this actual work document the chosen association is Beauty Giant which deals in the merchandising of beauty cosmetic products across UK. This study examines the functions and duties of merchandising and also how there are linked to different operational department of the organisation. Furthermore it also focuses on the creation of marketing mix and plans which would help the business in identifying the current scenario of the market and would also assist them in executing the targeted objectives of the organisation within a period of time. Lastly , it also considers the marketing plan to support he business of Beauty Giant in introducing the new commodity in the market place. TASK 1 P1.Explain the key functions and duties of the selling function. The marketing serves as the most essential part for the organisation as to satisfy the customers demands by providing them the commodity of their expectations. This would also support the business to establish a relationship with their potential customers. Organisations have to perform various functions and duties as these would take the business to a higher level and would help the business in attaining their goals. Marketing is coined to be the premier part of the businessmanagement(BabinandZikmund,2015).Belowwrittenaretherolesand responsibilities of the marketing functions which the manager of the company Beauty Giant performs for building their strong customer base: Formulating strategiesis the most essential function that every organisation is focusing now a days in accordance to full fill all their expectation within a given time frame. Formulation of thestrategies in the best possible way help the business of Beauty Giant in successfully running their business by competing their rivals firms(McDaniel and Hair, 2012). Market researchis the best suitable way to analyse that what is prevailing I the market and what is favourable for our business and what not. This support in analysing the market trends
andprovides the association with all valid informations that would help them while selling a product. The Manager of the business Beauty Giant must conduct proper market research so that the business can easily determine their customers wants and desire and can work accordingly to satisfy their customers. Product designing and developmentis an important task of marketing and according to the current scenario the customers are more focused about the commodity and its packaging. The manager of the Beauty Giant must focus on producing a product with the best quality and in the most fascinating packaging. So that they can attract more and more customers towards their products and can enhance their revenue margin(Cooper, 2013). Brand managementis the business of Beauty Giant must focus on the management of brands as now a days customers are more and more concern about the quality of the product rather than the price. Maintaining a brand will increase the brand image and brand value of the Beauty Giant sothat the customer base of the association can be increased. Increment in the Brand image will leads to increased recognition and recall of the brand in the mind of their potential end users. An thinking of key functions and obligation of the marketing in environment: As marketing facilitate the products in the environment to the customers it is the essence for the both an organisation and environment. The vital functions and duties of selling in the environment are : Monitoring marketing environmentis required bytheBeauty Giant to look into all those factors of the environment which impact the business directly. Factors can be political, social, economical, technological and legal. For improving the business the manager of the Beauty Giant must continuously evaluate and monitor the environment to identify the altering demand and desire of their customers so that the company can attain prime position in comparison to their competitors(DONNELLY, 2012). Creating customers belief and loyaltyandcustomers are the goddess for the business as they are the only one who serves the business with the medium of exchange. The company like Beauty Giant must focus on the building of customers loyalty by rendering the customers with the excel quality of the products and must focus on maintaining the relation with the customer so that with the increase in customer belief and trust, the profitability of the company can also be increased.
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Dealing with competitionis a necessary function as thereis a immense level of competition from its challenger in command to endure or beat their rival the institution must consider the preparation of various scheme which may leads to the prosperity and development of the organization. By distinguishing the strength and weakness of their competitor the company can also have trenchant decision making process(Lipsman and et. al., 2012). Hence,it can be analysed that the marketing has a significant role in both the field organisation as well as environment. As to organisation it provides with the details by analysing the environment about the exact quality of the products and services which have been required by the customers. P2.Explain how role and responsibilities of marketing relates to the wider organisational context. Marketing is a vast concept which can not be carried out with the help of single person as an individual alone as the single person cannot perform the task of promoting, advertising and delivering of the products.. Each department of the organisation has to connect with the other in order to perform the task of marketing of the products and services. The linkage between the functional department of the organisation will help the business of Beauty Giant to increase their business productivity and profitability. Marketing and Finance departmentare inter related as these both the department have a connection established within themselves. Finance department is the one which give emphasis on the allotment of the money to different different sectors of the association so that each department and sector can execute their operation with the sufficient amounts of funds. And marketing department refers to the departments which is more concerned with the distribution of the products to the final customers as per their requirement. These both department are linked as to carry out the task of marketing the manager will require the amount of money which will be rendered by the finance division to the marketing manager. This will also support the finance department to analyse the amount of the expenditure that the business is incurring. Marketing and Human Resource Managementare the only functionswhich is essentially carried out within the firms. These divisions are associated with one another in different manner(Papasolomou and Melanthiou, 2012). HR office are those which includes enrolling, procuring, and determination of those competitors who encourages the abilities and learning which is required to play out the assignment while showcasing division is the one worried about the exercises of publicizing , advancement of items and administrations. This both
the offices are associated with one another somewhat as the showcasing offices requires a work force who could play out the assignments of advertising an item in the market for which it gives total detail to the HR division as per their necessity on that premise HR offices enlists the individual who are very talented and can play out the action of promoting. Marketing and Production departmentsboth the departments of the offices are linked to each other as the marketing department keeps on updating the production department about the requirements of the customers and their expectation regarding the products and services. After the information given by the marketing department , the production department produces the goods and services which helps the firm to satisfy their end and potential customers with the available resources(Purvis, 2015). Marketing and research and development departmentsare the one responsible for the market research these departments are established in the business so that whenever there will be requirement in the market for the introduction of new products these departments can produce the required commodity accordingly. The requirement of the new product is analysed by the marketingdepartmentastheykeepsonconsideringtheneedsandrequirementoftheir customers. Whichhelps them in increasing the profitability and customer base towards the commodity of the business. Analyse the significance of interrelationships between marketing and other functional units of an organisation. The dependence of these division have a critical job in an association like Beauty Giant as this would prompts the advancement of better association with the client and will likewise build up an association with various useful branches of the association. This between connection between the division will likewise help the matter of Beauty Giant in expanding the business edge, brand worth and picture, altruism and will acquire an idea of coordination an association . Notwithstanding this would likewise assist the business with improving their capacity of promoting just as the presentation level of the workers to accomplish their objectives inside a term of time with the assistance of open correspondence about the various jobs and duties of the individuals(Baker and Magnini, 2016).
TASK2 P3 .Defined the comparison between different organisation by applying the marketing mix:- Marketing mix is the collection of the factors which enables the company to attract the buyers and also influence them to buy the particular commodity so that they can satisfy their needs. Thisserves as the model and the foundation for the business. It is utilized by the company for determining the issues which are affecting the business of promoting, advertising, etc. This is helpful for the business of Beauty Giant as it provides them with the suitable tools and tactics and also support them in formulating strategies so that the expectations of the customers can be full filled by rendering them the product of better quality(Zaccagnini and White, 2015). Deviation between the market scheme of Beauty Giant and Lush. ElementsBeauty GiantLush ProductThecompanyfocuseson satisfying their customers by providing variety of cosmetics commodity such as Make up products, products of personal careandthebodycare products. The business of the Lush deals inprovidingthevarietyof products which are related to skin care , soaps, shower gels etc. PriceThe business of Beauty Giant focuses on the strategy of price penetration and low cost method at the initial level. Lush work with the pricing strategy of price skimming as the product are basically of high quality and expensive. PlaceThecompanyoperatetheir business across the UK with theestablishmentof50 branchesbygivinghuge competition(Muellerandet. al., 2015). Lushisoperatingtheir businesstothedifferent differentcountriesandhas open their 30 branches in the UK with the aim to provide better quality of products .
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PromotionThecompanyhasuse diversifiedpromotionaltools to promote their brands such as onlinemarketing,digital marketing, marketing with the helpofnewspaperand magazines. The business of Lush focuses onthepromotionoftheir products among the customers withthetoolsofdirect marketing through interacting withtheemailandmouth marketingtothepotential customers. ProcessHere , the company focuses on the delivering of goods with thehelpofonlinesitesand retail shops which are onto the businessofsellingcosmetic products in the market. Lush focuses on the delivering of the products only through the online sites by sponsoring and through the franchising. Physical evidenceThecompanyhaveopted differentstyleofpackaging and has used unique method of delivering the products which has made the brand recall and recognition strong in the mind ofcustomers(McDanieland Gates, 2012). In this, the brand of Lush sell theirallproductswiththe unique attributes and colours whichsupportsthemin attractingthemassofthe customerstowardstheir brands. PeopleThe company has focus more onthearrangementsofthe traininganddevelopment programmes which enables the businesstoinviteslarge number of customers towards their brands. In this the business is more andmoreconcernaboutthe crowd marketing so that the large number of customer base can be built and business can beenhancedwiththe increment in the profitability.
Measure different plan of action in order to execute business objectives and goals: Every business organisation have their own strategies and tactics which they used to accomplish the business long term goals(Brooks and Simkin, 2012). The Company like Beauty Giant have also adopted the tactics so that their can satisfy their customers with the exact quality of the products which they requires. The business have given more emphasis on the use of different promotional tools and have considered more on the altering taste and preferences of the customers so that the needs can be full filled. Apart from this the company have also used wide distribution network to deliver their quality of products in the market for increasing their business profit margin. P4. Produce and evaluate a basic marketing plan for an organisation. Marketing plan is created by the business organisation to identify the marketing strategy that is to be used by the company in the near future. This assists the business to formulate tactics and strategies which will support them in generating leads for their fresh products and services which they are going to launch in the market(Carr, 2014). The Marketing plan for the business of Beauty Giant has been designed below : Overview of the company : Beauty Giant is known for selling of cosmetic products for both males and females. The brands deals in rendering diversified products in the UK economy by launching their 50 branches. The association has now planned to introduce new product that is anti-ageing cream named Forever Young. For the launch of this product the company have mark 30 segments of the market with the zeal to achieve the success by this product launch. Mission of the Beauty Giant-The mission of the beauty giantisto cover the large market as much as they can by the launch of new branch. Vision of the Beauty Giant-The company has its long term visionwhich is related with becoming the renounced brands across the world. Objectives :The business of Beauty Giant has set and targeted the SMART objective that is to be achieved. Specific- The specific objectives of the business is to operate with different tactics and schemes so that can perform better than their rival firms. Measurable-The company give more emphasis on increasing their market value from 70% to 85%.
Achievable- The business aims towards the success and growth by the launch of new product within the period of 3 months(Brennan and et. al., 2014). Relevancy- The company seeks to have valuable status in the market place. Time boundâ With the launch of new products in the market the company aims to gain success within the 6 months. SWOT analysis of the Beauty Giant : The activity of SWOT helps the business to determine the quality of strength and weaknesses which they possess and all those opportunities and threats with the competitors: StrengthWeakness ï·Clenchwiderangeofdistribution channel with the large market share and status in the UK economy. ï·The company has a drawbacks as it cannotexpandtheirbusinessinthe rustic areas. OpportunityThreats ï·By the launch of new and innovation product the business have the opportunity to increase their profit margin. ï·Due to the availability of vast competition the demands of the customers towards the products of the brands may transform to the another reputed brands. PEST analysis of Beauty Giant : Political factor :As the government legislation does not alter in a frequent manner in the economy of UK the brand holds high chances of their sustainability and will support the business in introduction of their fresh commodity in the market place(Ionita, 2012). Social factors :As the customers of the UK economy are more curious towards the consumption of the cosmetic products so the business can capture the market share in a wide range. Economical factor:The business have high chances of their survival as the economy of the UK is of developed nature and through this the business will be benefited with the launch of new commodity.
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Technological factor: Company can maintain their sustainability by the launch of new products produced from the better quality and advanced technology. Marketing Mix of the fresh commodity ' FOREVER YOUNG ': Product :Introduction of fresh commodity will rise sales and revenue margin of the Beauty Giant and will render the customers with better quality of products(Desai, 2013). Price :The must use the pricing strategy of price penetration so that the customer base can be built at the initial level. Place: The selection of the areas should be such for launching new products where there is more consumption of the cosmetic items. Promotion:For the promotion of the new products the company must use promotional tools such as mouth publicity and direct marketing so that customers get more attached to the brand. Process: The structure of the business operation should be simple and easier so that the products can be distributed in the proper manner(Eng, 2017). People:More skilled employees must be hired so that the company can operate their business easily while launching new product in the market. Physical evidence :Innovative and unique attributes must be considered to launch commodity. STP for the Beauty Giant : Segmentation: The strategy of segmentation would assist the business of Beauty Giant in evaluating or identifying the area which will give them maximum profit margin by the introduction of new commodity. Targeting: This will allow the business to focus on the segmented market which have high level of consumption of cosmetic products. Positioning :By this Beauty Giant may position their product in such a marget segment which will lead to great success(Rundle-Thiele and et. al., 2013). Marketing Budget For Beauty Giant : estimated budget which help the business of Beauty giant to introduced new commodity : Particulars1styear2ndyear3rdyear Initial investment 10000150004000 advertisem ent 20000300009000 Marketing1500030005000
Promotiona l activities 500030005000 Total500005100023000 Monitor and control : Continuous monitoring and controlling process will assist the business of Beauty Giant about how and in what sense the profitability of the business can be increased and will also support them in identifying that what is prevailing in the market at the present time so that the business of Beauty Giant can attain a level of success by the launch of fresh commodity that is Forever Young in the market place.(Cabrera and Williams, 2014).
CONCULSION In this current frameworks, the study examines the importance of the tool of marketing is for the business and also how these inter-related to each other so that the company can earn higher amount of revenues in comparison to its competitors. Along with this the report also give emphasis on the creation of marketing plan which support the business to launch their fresh commodity in the market place in the most significant manner. Lastly the hard hitting of marketing mix is also given more emphasis which helps the business in the process f their decision making.
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