Analyzing Marketing Essentials: Roles, Responsibilities & Significance

This presentation provides an overview of marketing essentials, focusing on the roles and responsibilities of the marketing function within an organization. It highlights key aspects such as market research, promotion, brand management, and product development. The presentation also explores the significance of interrelationships between marketing and other functional units like production, research and development, and finance, emphasizing the importance of coordination for achieving business objectives. Furthermore, it touches upon the key elements of the marketing function, including research, strategy, planning, and tactics, and how these elements interrelate with other functional units to ensure efficient business operations. The conclusion emphasizes the importance of building strong customer relationships for marketplace success. Desklib provides access to similar solved assignments and study tools for students.

Marketing essentials

Table of content
 Introduction
 Key roles and responsibilities of the marketing function relate to the wider organisational context
 Key roles and responsibilities of the marketing relate to the wider organisational context
 Roles and responsibilities of marketing in the context of the marketing environment
 Significance of interrelationships between marketing and other functional units of an
organisation
 Key elements of the marketing function and how they interrelate with other functional units of
an organisation
 Conclusion
 References

Introduction
 Marketing is defined as a process of buying and selling services and goods that helps
organisation to fulfil its objectives in an effective manner. There are different types of roles and
responsibility of marketing function which is essential for business entities to undertake in order
to manage the marketing functions.

Key roles and responsibilities of the marketing function
relate to the wider organisational context
 Market research
 Promotion and advertisement

Cont.…
 Brand management
 Product development
 Internal communication

Key roles and responsibilities of the marketing relate to the wider
organisational context
 Identification of market potential
 Creation of marketing plan
 Supervision of business activities

Roles and responsibilities of marketing in the context of the
marketing environment
 Market strategies
 Marketing information system
 Monitoring of marketing environment
 Marketing research
 Market segmentation

Significance of interrelationships between marketing
and other functional units of an organisation
 Marketing is mainly defined as that business function that efficiently coordinates with other
functional unit within an organisation in order to fulfil desired business objectives and goals as to
fulfil them in proper way. It has been identified that some of the most essential functional unit of
Cadbury is production, research and development, finance etc. In this it has been evaluated that
marketing section efficiently coordinates with other functional unit in order to operate activities of
business more efficiently.

Key elements of the marketing function and how
they interrelate with other functional units of an
organisation
 Research
 Strategy
 Planning
 Tactics

Conclusion
 As per the above mentioned report, it been concluded that marketing essential include all
those activities that are related to organisation collection, offering, communication,
marketing and development of goods and services. In order to make strong position in a
Marketplace company is required to build healthy and positive relationship with their
customers as to gain their loyalty towards company.

References
 Pike, S., Pontes, N. and Kotsi, F., 2021. Stopover destination attractiveness: A quasi-
experimental approach. Journal of Destination Marketing & Management, 19, p.100514.
 Seebacher, U.G., 2021. B2B Marketing. Springer.
 Venkatesan, R. and Lecinski, J., 2021. PART 2. AI and Marketing Essentials. In The AI
Marketing Canvas (pp. 23-84). Stanford University Press.
 Venkatesan, R. and Lecinski, J., 2021. The AI Marketing Canvas: A Five-stage Road
Map to Implementing Artificial Intelligence in Marketing. Stanford University Press.