Marketing Essentials: Roles, Responsibilities at McDonald's Report
VerifiedAdded on 2023/02/02
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AI Summary
This report provides an in-depth analysis of the marketing function within McDonald's, a prominent fast-food corporation. It begins by defining marketing and its significance, emphasizing market research as a crucial element. The report delves into the nature of marketing, exploring how McDonald's focuses on attracting and retaining customers. It examines the external environment's influence using the PESTEL framework, analyzing the impact of political, technological, social, environmental, economic, and legal factors on McDonald's marketing activities. The report also outlines key marketing processes, including strategic planning and customer feedback analysis. It then explores the different roles of marketing within both B2C and B2B contexts, highlighting defining and managing the brand, conducting campaign management, serving as media liaison, overseeing vendors, and conducting market research. Furthermore, the report details the responsibilities of marketing managers, such as developing marketing strategies and fixing product prices. It concludes by illustrating how marketing roles and responsibilities relate to the wider organizational context, emphasizing the interlinkages between the marketing department and other departments like production and finance. The report underscores the importance of marketing in achieving organizational goals and objectives and references various marketing theories and frameworks.
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