Assignment on Marketing Essentials (pdf)

Verified

Added on  2021/07/14

|19
|4147
|92
AI Summary

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Student Assignment Covering Form
Course/Unit Information
Course
Pearson BTEC Level 5 Higher National Diploma
Unit No.
Unit 2
Unit Name
Marketing Essentials
Unit code
R/508/0486
Schedule Code MEZRM2011A
Instructor Information
Name Anjali Tewari
Phone +971 52 178 3974
Email anjali@westford.org.uk
Assignment Information
Full/ Part Assignment Full
Date Assignment Issued November 1, 2020
Date Assignment Due November 28, 2020
Student Information
(To be filled by the student prior submitting the assignment)
Name BASIL GAFOOR
Email Basilsalu123@gmail.com
Date of Submission 19.12.20
Student Assignment covering form is an integral part of the assignment document and should
be submitted along with all submissions.
Student Declaration

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
I, BASIL GAFOOR hereby confirm that this assignment is my own work and not copied or
plagiarized. It has not previously been submitted as part of any assessment for this
qualification. All the sources, from which information has been obtained for this assignment,
have been referenced as per Harvard Referencing format. I further confirm that I have read and
understood the Westford University College rules and regulations about plagiarism and copying
and agree to be bound by them.
Students Signature : Basil Gafoor
Student Name : Basil Gafoor
Date : 19.12.20
Turnitin Report should be Uploaded on LMS along with the Assignment.
marketing
essential.p
df
Achievement Feedback Summary
Assessor’s Name
Pass Merit Distinction
Document Page
LO3 Develop and evaluate a basic marketing
plan
Grades Awarded (P1, P2,
P3, P4, P5, P6, M1, M2,
M3, M4, D1, D2)
LO1 Explain the role of marketing and how it interrelates with other functional units of
an organization.
P1 Explain the key
roles and
responsibilities of
the marketing
function.
M1 Analyse the
roles and
responsibilities of
marketing in the
context of the
marketing
environment.
D1 Critically
analyse and
evaluate the key
elements of the
marketing
function and how
they interrelate
with other
functional units of
an organisation
P1 Achieved / Not
Achieved
P2 Achieved / Not
Achieved
P2 Explain how roles
and responsibilities
of marketing relate
to the wider
organisational
context.
M2 Analyse the
significance of
interrelationships
between marketing
and other functional
units of an
organization
M1 Achieved / Not
Achieved
M2 Achieved / Not
Achieved
D1 Achieved / Not
Achieved
LO2 Compare ways in which organizations use elements of the marketing mix (7Ps) to
achieve overall business objectives
P3 Compare the
ways in which
different
organisations
apply the
marketing mix to
the marketing
planning process
to achieve
business
objectives.
P4 Produce and
evaluate
a basic marketing
plan for an
organisation.
M3 Evaluate
different tactics
applied by
organisations to
demonstrate how
business objectives
can be
achieved.
M4 Produce a
detailed, coherent
evidence-based
marketing plan for an
organisation
LO2 & LO3
D2 Design a
strategic
marketing plan
that tactically
applies the use of
the 7Ps to achieve
overall marketing
objectives
P3 Achieved / Not
Achieved
P4 Achieved / Not
Achieved
M3 Achieved / Not
Achieved
M4 Achieved / Not
Achieved
D2 Achieved / Not
Achieved
[To Achieve a PASS, all
P grade descriptors
should be achieved; To
achieve a MERIT, all P
and M grade descriptors
should be achieved; To
achieve a
DISTINCTION, all P, M
and D grade descriptors
should be achieved.]
Date:
Over All
Result/Grade
PASS/MERIT/DISTINCTION/REDO
Document Page
General Guidelines
(Please read the instructions carefully)
• Complete the title page with all necessary student details and ensure that the signature of the
student is marked in the declaration form.
• All assignments must be submitted as an electronic document in MS Word to the LMS (Use
12 Times New Roman script).
• Assignment that is not submitted to the LMS by the prescribed deadline will be accepted
ONLY under the REDO and RESIT submission policy of Westford.
• The results are declared only if the student has met the mandatory attendance requirement of
75% and/or a minimum of 50% under extenuating circumstances approved and ratified by
the Academic Director. The student has to repeat the module (with additional fees applicable)
if the attendance is below 50%.
• The assignment should not contain any contents including references cited from
websites like www.ukessays.com, www.studymode.com, www.slideshare.net,
www.scribd.com.
• Turnitin report is mandatory and should be attached in the assignment report.
• Submit the assignment in a MS Word document with the file name being:
First Name Last Name_ abbreviation of the subject.
Example: John Smith_ME
Mandatory Quick reference Checklist for the Students before submitting the assignment:
• Adherence to the deadline of submission date.
• Original cover sheet and format retained and the Turnitin Report to be attached.
• Student information and signature intact.
• Font style and size used as instructed.
• Harvard Referencing System and Citations are strictly followed.
Marketing Essentials: Assignment Task
Summati
ve
Feedback
:
Overall
Feedback on
current
work with
emphasis on
how the
student can
improve and

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Assignment title
Marketing Concepts, Internal Relations,
Marketing Mix, and Marketing Plan
LO1: Explain the role of marketing and how it interrelates with other functional
units of an organisation.
LO2: Compare ways in which organizations use elements of the marketing mix (7Ps) to
achieve overall business objectives.
LO3: Develop and evaluate a basic marketing plan.
Scenario:
You are applying for the role of Marketing Manager within an organization [the
organization as chosen by the learner in mutual consensus with the instructor]. As part
of the selection process you are required to submit a report discussing the concept of
marketing as well as its role within the organisation. Further to this you will have to
explain how marketing interrelates with other functions within the business and
prepare a marketing plan.
The report should include:
• Introduction to the organization in the context of marketing.
• Analysis of the roles and responsibilities of a marketing manager in the context
of the organization.
• A Critical analysis and evaluation of the key elements of the marketing function
and how they interrelate with other functional units of the chosen organization.
• Compare ways in which organizations (the chosen organization versus a
competitor in the same industry) use elements of the marketing mix (7Ps) to
achieve overall business objectives.
• Detailed Marketing Plan that includes:
• Marketing Objectives
• Situational Analysis (Use either of the three models: SWOT/PESTLE/Porter’s Five
Forces)
• STP (Segmentation, Targeting and Positioning)
• Marketing Strategies applying the use of either BCG Matrix or Ansoff Matrix to
come up with desired strategies for the chosen company
• Action plan with emphasis on marketing budget, implementation and control.
Your research should be referenced using the Harvard Referencing System. Please also
provide a bibliography using the Harvard Referencing System. The recommended word limit
is 3500 words. You will not be penalized for exceeding the total word limit.
Document Page
Introductio
n
TOYOTA
THE MOTOR PIONEER
Document Page
Toyota is gotten comfortable Toyota City, Aichi and in Tokyo.
Instead of vehicle Toyota moreover offers money related
sorts of help through its division Toyota Monetary
Administrations and besides collects robots for different
endeavors. Toyota Engine Organization its money related
organizations and Toyota Businesses all together structure
the weight of the Toyota Gathering and maybe the greatest
blend on earth. Toyota Engine Partnership, . Toyota is
generally speaking celebrated and eminent association
because of their first class manufactured vehicles, Toyota is
doing admirably without a doubt and turning out to be
snappy all around a primary in for the most part selling their
vehicles around the globe. Under graph shows the figures of
made vehicles in 2008 and the diagram is exhibiting various
associations creation besides.
toyota Motor Corporation .
In 2008 Toyota overpowered GM and vehicle industry
announced Toyota the world most noteworthy carmaker. In
any case, after that whimpers started arising and more
customers communicated charging about the quality
controls because of their quick turn of events. In view of
the quick advancement they assessed more than 8,000,000
vehicles. This report is created in the form of a
business report. The main objective of the business
report is to obtain access to a selected company's
particular business activity. For this reason, Toyota
moters has been selected as the target company
organization. Toyota moter is a Japanese automotive
company that mainly deals with the design of
manufacturing and distribution of automotive goods
around the world.toyota moters company has many
models for middle class corolla tida etc.. and on the
new models of the Toyota motors has hybrid engine
which economical friendly it is the future of the
company now a days hybrid has more future than
petrol.and the price of the Toyota cars are affortable
for the people and they more customber than any

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
other company and they company is overall famous in
worldwide it the company people want for the future
it has many models of car and also Toyota has luxury
models in the name of lexus it has also many model
which is in the heart of the people for many years.
Organization point of view:
Toyota acknowledges the potential for advancement in our
industry is unimaginably reassuring. turn of events.
Considering this advancement potential, Toyota will continue
putting emphasis on keeping up our circumstance as a
principle vehicle producer.
The Development of Japanese Car Assembling during the
1930s and 1940s
Document Page
The association had every inspiration to manufacture
engines and vehicles that were substantially eco-
accommodating, and the Toyoda Works (later Aichi Steel
Works, Ltd.). The next year consistent quality wind up
being Toyota's most astonishing resource in the problematic
task of changing.
Following two years of troubles the affiliation appeared,
apparently, to be set out toward progress.
This was not to be created as reasonably precisely true to
form, regardless. Following two years, in 1949, Toyota
endured through its solitary genuine clash among work and
the board. Close to four years had passed since the
fulfillment of the war, at any rate Japan's economy was as
of not long ago alive and well: things and materials of
various sorts were hard to track down, expansion was
uncontrolled, and individuals in the metropolitan districts
expected to exchange their garments and home items for
rice or potatoes to drive forward. That year the Japanese
government took measures to control runaway
augmentation in propensities that genuinely decreased
client buying power and squashed the all around really
cripple neighborhood vehicle market. Japanese vehicle
makers got themselves incapable to raise the assets
expected to help their recuperation attempts, for the new
administrative strategy had suspended all financing from
city banks and the Diversion Cash Venture.
Under these conditions the affiliation's monetary
circumstance incapacitated quickly. In explicit months, for
instance, the affiliation passed on vehicles worth a measure
of ¥350 million while pay from deals appeared at just ¥250
million. Without credit sources to relate the disproportion,
Toyota in a short time was going toward a veritable
liquidity emergency. In enormous part in light of wartime
rules and controls, Toyota had come to put solid feature on
the creation end of the business, so that in the in front of
timetable after
Document Page
war years insufficient idea had been paid to the correct
agreeableness among creation and game plans. The
Japanese economy around then was experiencing an
unprecedented trouble, and considering the way that the
Toyota vendors couldn't sell vehicles in palatable
aggregates, these shippers had no veritable other option
except for to pay Toyota in significant length promissory
notes as inventories kept social event.
At last, Toyota couldn't meet its typical record. Yielded
parcels were trailed by credible compensation lessens and a
brief timeframe later by plans for enormous degree
decreases - until April 1949, when the Toyota Specialist's
society picketed. Exchanges among work and the heads
deferred with the alliance supervisors firmly disavowed to
any decreases. In like manner, Toyota was constrained to
decrease both creation and overhead. Laborers coordinated
shows to press their sales, and at the same time Toyota
continued falling further into responsibility, until the
affiliation at last twisted up essentially chapter 11.
Creation dropped to 992 vehicles in Walk 1949, to 619 in
April, and to 304 in May. Crucial remaking endeavors
intertwined a suggestion to join Toyota's business division
as an other affiliation, driving at long last to the
improvement of Toyota Motor Arrangements Association
Ltd. in April 1950. Toyota Motor Arrangements Association
managed all nearby and as a rule progressing of Toyota's
vehicle things until July 1982, when it joined with Toyota
Motor Association.
Meanwhile, conversations among work and the bosses at
long last dependent on whether to yield disappointment, go
into section 11, and disintegrate the affiliation, or to
concede to the excusal of explicit delegates and leave upon
a duplicating program. In the end the board and work
consented to reduce the rigid labor force from 8,000 to
6,000 representatives, from an overall perspective by
referencing intentional acquiescences. At the association
level, President Kiichiro Toyoda and the all out of his focal

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
staff surrendered. Kiichiro, Toyota's organizer and a pioneer
of the Japanese vehicle industry, kicked the bucket under
two years subsequently.
Document Page
Not long after the strike was gotten settled 1950, two of the
affiliation's new heads, Eiji Toyoda (eventually administrator
of Toyota Motor Association) and Shoichi Saito (later chief
of Toyota Motor Association), visited the US. Looking for
groundbreaking insights for Toyota's foreseen new
development, they visited Portage Motor Association's
cutting edge workplaces and saw the most recent vehicle
creation improvement. One particularly strong thought they
got back from their visit to Entry accomplished Toyota's
recommendation structure, in which each worker was urged
to make proposition for overhauls of any sort. On their re-
appearance of Japan, in any case, the two men introduced a
by and large more basic method that stayed in power at
Toyota through the 1990s: the strategy with obligation to
put resources into just the most current creation work
environments as the best way to deal with drives in
efficiency and quality. Toyota moved rapidly and
emphatically during the 1950s, making capital interests in
new hardware for the amount of the affiliation's creation
working environments. Clearly, the affiliation started to
profit by the all-inclusive productivity quickly.
Close by overhauls in its creation working environments,
Toyota also tried to build up a more exhaustive line of
vehicles to contribute toward the making robotization of
Japanese society. During 1951, for instance, Toyota
presented the fundamental four-wheel-drive Land Cruiser.
Likewise, as the neighborhood interest for taxis promptly
expanded, creation of explorer vehicles additionally rose
rapidly, from 50 units for consistently to 250 units for
reliably by 1953.
In advancement control, Toyota presented the 'Kanban' (or
'synchronized development') structure during 1954. The
thought was gotten from the market structure, where
'purchasers' (those in the later creation stages) took
'things' (parts) from the stock racks, and the 'dealers'
(those in the previous creation stages) restored the stock to
the extent that it was exhausted. The Kanban framework
changed into the reason behind Toyota's whole creation
Document Page
framework.By the mid 1950s, correspondingly as Toyota
had foreseen, the Japanese market was squeezed with
vehicles from the US and Europe. It soon convinced evident
that to be dead serious at home and abroad, Toyota would
not just need to make extra interests in gathering work

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
environments and hardware, yet besides attempt a basic
new creative work exertion. This was the derivation behind
Toyota's choice in 1958 to gather a full-scale research place
for the progress of new vehicles (which also was to change
into Japan's first collecting plant submitted absolutely to
explorer vehicle creation). Toyota besides started to offer a
more complete line of things. Starting with the Crown
model, presented in 1955, Toyota immediately loosened up
its explorer vehicle line to join the 1,000-cubic-centimeter
Crown, by then added the Toyo-Master (Japan's first taxi
over truck) and a gigantic assessed diesel truck.
After some time Toyota in like way was securing on another
immense, if less traditional, way to deal with oversee
changing as per the brisk mechanization of Japan, achieved
by a surprising improvement visible to everyone pay. When,
for instance, Toyota Motor Arrangements was progressed at
Â¥1 billion, 40 percent of that entire (Â¥400 million) was
quickly added to build up a vehicle driving school with an
extreme goal to assist inhabitants with making sure about
driver's licenses. Through this and relative endeavors,
Toyota made a basic commitment to Japan's making
mechanization in the years following 1965, a model that
was to instigate a mass nearby market for vehicles. In 1955,
ten years after its whipping in World War II, Japan
redirected into an individual from the General Admission to
Expenses and Trade (GATT); yet vehicles stayed one of
Japan's most un-certified associations in the general field.
Toyota, anticipating the coming period of tremendous
augmentation generally speaking exchange and capital
progress in Japan, picked to zero in on reducing down its
creation expenses and growing broadly additionally
astounding vehicles, while simultaneously endeavoring to
accomplish the most raised conceivable degree of critical
worth in advancement. This was a joint exertion facilitated
with Toyota's different free parts providers and one that
indicated so beneficial that ten years subsequently, in 1965,
Toyota was permitted the pined for Deming Prize for its
quality-control accomplishments. That was besides the year
that the Japanese government changed imports of new
Document Page
pioneer vehicles. As of now Toyota was set up to coordinate
its abroad foes - both in cost and quality.
Document Page
In coming about years Japan's gross public thing extended
quickly, adding to the dazzling headway in vehicle plans to
the Japanese public. The Toyota Corolla, which went
restricted in 1966, quickly changed into Japan's most
standard family vehicle and drove the market for cars of its
restricted size. Toyota kept making enormous interests in
new plants and gear to get ready for what it recognized
would be a higher market income. In 1971 the public
position cleared out controls on capital undertaking. In the
wake of this move, a few Japanese automakers shaped joint
endeavors or affiliations with U.S. automakers.
Following two years, the 1973 Center East War emanated
and the world's economy was shaken by the rule overall oil
emergency.
Japan, absolutely subordinate upon imports for its oil
supply, was particularly affected. The development of
augmentation expanded and interest for vehicles fell
obviously. In any case, even with the general cynicism that
held the business and the country, Toyota's boss Eiji
Toyoda proposed an inconceivably extreme corporate
technique. His conviction was that the vehicle, a long way
from being a "extravagance," had become and would stay a
requiremens
Stocks and ADR information
In 2015, Toyota situated eleventh on Forbes' summary of the world's
greatest associations. This situating relied upon a composite score of the
earnings, advantages, assets, and market assessment of various
associations.
Toyota is recorded on various Japanese stock exchanges. Among these,
the Tokyo Stock Trade is the most extraordinary exchange. In the US,
the association's ADR (American depositary receipts) trades on the New

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
York Stock Trade.
Future
The interest for electric and cream vehicles is growing inconceivably.
You may have thought about oneself driving vehicles running on the
roads these days. That is an undesirable outline of what present day
advancement demands from the automakers. Inbuilt programming
running the vehicle is the need vital. The vehicle organizations are right
now hustling for headways to keep up the repo watching out. The front
line period is the hour of progress. Also, that is what Toyota is doing
fighting for.
The creators right now appreciate that electric vehicles are what's to
come. The association is as of now arranging extraordinary electric
vehicles in a relationship with Subaru. Toyota as of now has the
commitment to amassed electric vehicles. Toyota likely courses of
Document Page
action will help with growing overall arrangements. They are as of now
in a joint undertaking with the diverse battery giving associations.
The automakers are managing hybrid and module creamer models too.
As demonstrated by industry data, the check of electric vehicles will
even now be not actually combination vehicles. Electric vehicles are by
all record not by any means the only fixation for the association. They
similarly need to increase overall arrangements in combination vehicles.
The association will design and create electric vehicles as indicated by
the market demands. Regardless, the game will regardless be on the
mutt
Victory
Lean creation framework, inventory network the board and the idea of
item life cycle which is all around followed by Toyota assisted Toyota
with arriving at the most significant level in car industry.
Different motivations inside association likewise make a major
commitment like an inner blog, rewards, hold inventiveness and
philosophy meetings, give positive input and react to recommendations,
celebrate on progress, energize chances and praise disappointments as
well, utilization of psyche maps, stir up work groups, comprehend
purchaser conduct and development connects to Jobs.
Conclusion
In this arrangement, we'll take a gander at a short
organization history and its key topographical areas. At that
point we'll break down the organization's latest monetary
figures and information, which are significant components
for financial specialists to know.
This arrangement will assist financial specialists to get
comfortable with the critical parts of Toyota' business prior
to putting resources into its stock. Close to the furthest limit
of the arrangement, we'll take a gander at the organization's
present valuation looks and the
Document Page
elements could drive its valuation products later on.n short
Toyota is doing great on the lookout and going at the most
significant level of their triumphs. Appreciating being
making an honest effort to adapt and handle this tough
time, reviewing all vehicles which parts are expected to
trade and attempting to get quality guaranteed parts
structure their level two and level three providers
Bibliography
Chauhan, Y., 2013.
toyota. [Online]
Available at: https://global.toyota/en/company/profile/
[Accessed 28 11 2020].
Duignan, B., 2009.
market realist. [Online]
Available at: https://marketrealist.com/2016/05/overview-need-know-toyota-motor-corporation/
[Accessed 28 11 2020].
Gregersen, E., 2020.
britannica. [Online]
Available at: https://www.britannica.com/topic/Toyota-Motor-Corporation/additional-info#history
[Accessed 28 11 2020].
Lotha, G., 2016.
wikipedia. [Online]
Available at:
https://en.wikipedia.org/wiki/Toyota#:~:text=Toyota%20is%20the%20global%20market,hybrid%20vehic
les%20across%20the%20globe.&text=The%20company%20was%20founded%20by,Toyota%20Industries
%2C%20to%20manufacture%20automobiles.
[Accessed 28 11 2020].
Lotha, G., 2019.
dun and brandstreet. [Online]
Available at: https://www.dnb.com/business-directory/company-
profiles.toyota_motor_corporation.d5974b3626590dfccf54fc17efd80a3e.html
[Accessed 28 11 2020].
Nolen, J. L., 2010.
reuters. [Online]
Available at: https://www.reuters.com/companies/TM
[Accessed 28 11 2020].
1 out of 19
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]