This presentation explores the key roles and responsibilities of the marketing function in a company, including increasing sales, enhancing growth potential, attracting new customers, polishing brand value, and improving customer loyalty.
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Unit 2: Marketing Essentials
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Table of Content INTRODUCTION Key roles and responsibilities of marketing function Interrelationship of marketing and other functional departments CONCLUSION REFERENCES
Introduction Marketing is defined as promoting company’s products and services at various marketing and promotion channels all across the globe. This report is based on the case study of Unilever Company in respect to its promotional activities. Company is involved selling consumer goods all across the globe. Unilever Company is a brand of Lever Brothers Branch. Company was initiated in the year 1929. Headquarter of the company is located in London, United Kingdom. Lever Brothers and Margarine are the predecessor of the Unilever Company. In this report different aspects related to the marketing of company would be assessed and analysed.
Key roles and responsibilities of marketing function Increase sales of company Marketing functions play huge role in increasing the sales potential of company. The aim behind the marketing of company is to attract the potential customers of company towards the products of company. Marketing of company play huge role in influencing the buying decision of customers in such a way that potential buyers of company can agree to buy company’s products. Enhance growth potential of organisation Role of marketing function in company also extended to enhance the growth rate of company. Growthisdenotedtheincreaseinsalesofcompanyandprofitabilityof company. How much the organisation could increase its profit percentage denoted as the growth rate of company.
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Cont.. Attracting new customers Marketing operations of company also play huge role in attracting new customers towards buying company’s products. Unilever Company engaged selling in consumer goods and the demand of consumer goods is maximum in market as compare to any other business environment sector. With the support of marketing functions Unilever Company also tries to attract new potential customers that can buy company’s products in market. Polish brand value Marketing operations of company are based on the fact that company tries to polish its brand value in market. Brand value is another key driving factor tat drives the buying decision of customers in market. Marketing operations of company always polishes the existing brand value of company in market.
Cont.. Improve customer loyalty Marketing operations of company also play role in improving the consumer loyalty in market. Customer loyalty is another crucial factor that allows company to sustain its existing customer’s base. Unilever Company has been in the business since 1929 which allows company to establish a huge base of customers that can buy company’s products on a constant basis. This repetition of customers group in buying company’s products is denoted as customer loyalty. In every marketing campaign of company Unilever Company also try to polishes the customer loyalty in such a way that company can achieve all its different objectives of business.
Interrelationship of marketing and other functional departments Marketing and Human Resource Department Marketing and human resource department of Unilever Company are interconnected with each other in the bets of their capacity. Both the departments of company conducts mutual tasks like promotion of company’s recruitment campaign in such a way that skilled and potential graduates and professionals across the globe can be attracted by company at various designated position role in company. Marketing and Sales Department Both marketing and sales department needs to work together to achieve the individual objectives of such departments. Both the department needs to work for expanding the sales capacity of company. Marketing department promote all the products of company with the support of sales department.
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Cont.. Marketing and finance department Marketing department guides finance department in respect to different facts and figures related to market. Marketing team conducts market research that involve competitor’s analysis, sales analysis, product analysis, trend analysis and many other analysis. All the marketing research department conducts allow the finance department to make investment decisions that can provide benefits to the Unilever Company. Marketing and operation department Marketing and operation department in Unilever Company also work together to achieve the individual objectives of each other department. Marketing team support the operation team by providing effective research in respect to market and products that can guide the operation team to make available all the trendy products to the customers of company.
Cont.. Marketing and public relation department Marketing team and public relation team both the department carry the responsibility in establishing a strong relationship with potential customers all across the globe of Unilever Company. Marketing team brief the public relationship department about the potential customer base of company located all across the globe as the company’s operations are based all across the globe. Public relationship department also make proper relationship with the potential customers of company in market that allow the marketing team to achieve the success in the market with thesupportofcompany’smarketingandpromotional campaigns.
CONCLUSION This presentation have projected all different roles marketing department play in company. Roles like enhancing sales of company, boost growth rate of company, polishes company image, strong relationship of company with its customer group and many other roles in the market. Responsibility like improving the sales of company is a big responsibility associated with the marketing department. Marketing department shares strong professional relationship with all other department like operation, sales, human resources and many others.
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REFERENCES Brennan, R., Canning, L. and McDowell, R., 2020.Business-to-business marketing. SAGE Publications Limited. Dyer, O., 2019. E-cigarette makers under fire for marketing to young people.BMJ: British Medical Journal (Online),365. Hurwitz, L. B. and et.al., 2016. Mobile marketing to children: a content analysis of food and beverage company apps.Public health. 141. pp.241-244. McDONALD, M. A. L. C. O. L. M., 2016. Strategic marketing planning: theory and practice.The marketing book, p.87. Resnick,S.M.andet.al.,2016.MarketinginSMEs:a“4Ps”self-branding model.International Journal of Entrepreneurial Behavior & Research.