Marketing Essentials Report: Unilever's Strategies and Trends

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This report provides a comprehensive analysis of Unilever's marketing strategies, processes, and their influence on various functional departments. It begins by defining marketing concepts and exploring current and future trends, including social media marketing and targeted campaigns. The report then details different marketing processes, such as situational analysis, marketing strategy development, and marketing mix decisions. It outlines the roles and responsibilities of a marketing manager within the organization, emphasizing the importance of interdepartmental relationships. The report also highlights the value and importance of marketing roles in achieving business objectives, along with the significance of effective interrelationships between departments. Furthermore, it examines the elements of the marketing mix and culminates in the development and evaluation of a marketing plan for Unilever, offering insights into the company's long-term growth and success.
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Running head: Marketing essentials
Marketing essentials
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Marketing essentials
Table of Contents
Introduction.................................................................................................................................................3
Task 1..........................................................................................................................................................3
Concept of marketing and current and future trends................................................................................3
Different marketing processes.................................................................................................................4
Roles and responsibilities of marketing manager in the context of the organization...............................6
How marketing influences and interrelates with other functional department of the organization...........7
Value and importance of the marketing roles in the context of the organization.....................................8
Significance of having effective interrelationship between different functional department of the
Unilever...................................................................................................................................................9
Task 2........................................................................................................................................................10
Elements of marketing mix to achieve overall business objectives........................................................10
Task 3........................................................................................................................................................11
Marketing plan for Unilever..................................................................................................................11
Conclusion.................................................................................................................................................14
References.................................................................................................................................................14
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Marketing essentials
Introduction
The report outlines the roles of marketing to gain the long-term mission and vision of the
Unilever. It explains the different marketing processes. It tells that how the marketing influences
other functional departments of the company. It describes the marketing mix strategies to achieve
the overall business objectives and goals. Along with this, it develops and evaluates the
marketing plan and program to determine the long-term success and growth of the firm.
Unilever is a Dutch British transnational consumer products and goods organization with
its headquarter is located in London, United Kingdom. It is dealing with various food, personal
care products, and beverage products across the world. It is one of the biggest consumer goods
companies evaluated by the revenue. Further, it is one of the oldest multinational companies in
the world. The firm is delivering its products in more than 190 countries across the world. There
are approx 169,000 employees are employed in the company. In today’s era, the company is
expanding and flourishing its business activities and operations day by day (Chen, Fay, and
Wang, 2011).
Task 1
Concept of marketing and current and future trends
Marketing is the broad concept which is used by the several multinational companies to
increase and maximize the revenue and profit of the company. It is the management and study of
exchange relationship between organization and customers. Marketing may be defined as the
activity, process, set of institutions and procedure for communicating, creating, rendering and
exchanging offers that have value for the partners, clients, customers and society at a high level.
Marketing is used by the Unilever and other companies to satisfy the customers in the global
market. It also helps to introduce and launch new products and services in the market. Many
companies use marketing to attract and increase the number of customers around the world.
There are the various concepts of marketing which have been discussed below (Grönroos, 2011).
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Marketing essentials
Production concept: This concept focuses on the quality and quantity of the products to attract
more customers in the market. The marketing managers focus on the production efficiency,
costs, and mass production.
Product concept: This concept believes that customers always prefer products with innovative
attributes, good quality, and high quantity. They want to buy the good quality of products at
reasonable prices across the world.
Selling concept: Selling concept plays a vital role in marketing. Marketers use selling concept to
sell the products and services of the company. On the other hand, consumers want to buy the
products at appropriate prices. In this way, it is the important concept of marketing (Sheth,
2011).
Marketing concept: The companies use marketing concept to beat the competitors in the global
market. The consumer is king of the market. The success and growth of the Unilever depend on
the consumers. None of the company can survive its business without effective and unique
marketing. There are four pillars of the marketing concept such as target market, profitability,
client needs and integrated marketing.
The current trends of the marketing are very effective and unique. Some of the current
trends include social media marketing, targeted emails, internet video advertisements, retargeting
campaigns and text message advertisements. These trends are going on in today’s modern world.
These trends are used by the many companies to gain long-term benefits in the universal market.
It is seen that competition is increasing day by day in the market. Thus, the companies need to
think about the future to attain the long-term goals and objectives. In this way, the companies
will have to do future planning to prevent and reduce the risks and challenges of the market. The
Unilever will focus on the strategies, plans, and policies of the market. Further, collaboration and
co-operation are other future trends of the marketing. The company must use the natural
resources in an effective way. In addition, positive changes in the policies and strategies must be
done by the company to gain various growth opportunities in the global market (Shankar et al,
2011).
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Different marketing processes
The firm has to determine and evaluate the hidden customer's needs, wants and
requirements to increase the sale of the products and services. The marketing processes have
been discussed below (Schmitt, 2011).
Situational analysis process: The situation analysis include the evaluation and measurement of
the customer need, preferences, and desires to provide satisfaction them. Thus, the company
must understand the environment and other marketing factors to gain the long-term goals,
targets, and mission of the firm. In addition, the company should analyze the external and
internal environment to attain the long-term targets of the firm. Situation analysis is done by the
SWOT and Pestle analysis (Spina, Caniato, Luzzini and Ronchi, 2013).
Marketing strategy: After the various researchers, it has been analyzed that a strategic plan
should be developed by the firm to gain mission and vision of the company. The success and
growth of the organization depend on the marketing mix strategy to reach the target market.
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Situational analysis process
Marketing strategy
Marketing mix decisions
Implementation and control
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Marketing essentials
Marketing mix decisions: Marketing mix decision depends on the quality and prices of the
products. Through marketing mix decisions, the company can buy the right product at
appropriate prices.
Implementation and control: After making the effective strategies and plans, the firm needs to
implement and execute the plans and strategies of the Unilever. In this way, the company can
reduce the marketing risks and challenges. Marketing processes play a vital role to enhance and
increase the productivity and efficiency of the employees (Buil, De Chernatony, and Martínez,
2013).
Roles and responsibilities of marketing manager in the context of the organization
Marketing manager plays a vital role to establish a reciprocal relationship between
organizations and customers by offering a variety of products and services in the global market.
The marketing team interacts with customers to collect the feedback from the market. Unilever
provides food and beverage products to the customers around the world. Therefore, the roles and
responsibilities of the marketing manager are broad and wider. The marketing manager
maintains coordination and co-operation in marketing campaigns. Further, they are responsible
to check and control the marketing budget of the firm. They make effective and unique strategies
and plans to accomplish the goals and targets of the Unilever. Further, they implement the
advertisement and promotional campaigns to increase the number of customers around the
world. In addition, the marketing managers manage and improve the generation campaigns and
they evaluate and measure the results and outcomes of the company. They contribute to make a
brand image and goodwill in the market. Further, they are accountable to maintain effective
marketing communication among the different department within the organization (Grönroos and
Ravald, 2011).
Along with this, they are accountable to listen and understand the needs, requirement, and
expectations of the customers in the universal market. Further, they track and monitor the new
trends and competition in the global market. They also communicate and maintain co-operation
with other companies. Apart from this, they are liable to calculate the return on investment of the
company. Further, marketing managers explain and define the strategic marketing plans and
policies to attract and retain more consumers in the market. Along with this, they manage and
control the distribution and promotion activity of the market. In addition, they apply and
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Marketing essentials
implement the customer-centric approach to maintain good relations with customers around the
world. They find and search right and suitable partners of the organization (O’Cass and Sok,
2014). The marketing managers should manage the marketing research to increase and maximize
the input of the company. Along with this, they are responsible to manage and handle
promotional events, seminars, exhibitions, conventions, trade meeting and training sessions. The
company cannot achieve its long-term targets and goals without an effective and efficient
marketing team. The marketing department is an important and foremost department of every
organization. In today’s era, it has become the key leader to pull and run the business activities
and operations successfully. They provide various types of marketing information to the top
management. The marketing manager generates and executes effective and unique approaches
and strategies which would enhance and increase the business activities and operations of the
Unilever (Jaakkola and Alexander, 2014).
How marketing influences and interrelates with another functional department of the
organization
It is true that marketing affects and interrelates with another functional department of the
organization. The entire activities and operations of the company depend on the marketing. The
functional departments of the Unilever have been discussed below.
Finance and management department: Marketing plans include the financial information for
both the new and existing products around the world. Therefore, marketing provides support to
the financial management while taking decisions related to the investment (Arnett and Wittmann,
2014).
Production and operational department: Marketing also provides support to the production
and operational department. The marketing tries to stimulate and encourage these departments to
carry the business activities and operations smoothly.
Resource and development department: Marketing is also interrelated with resource and
development department within the organization. It provides ideas and thoughts to the resource
and development department to introduce the new products and services within the organization.
In this way, Unilever tries to increase and maximize the revenue in food and beverage industry.
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The marketing research assists and supports to identify and evaluate the most suitable and
marketable products and services in the organization.
Sales department: Unilever is the food and beverage company which is dealing in various
products around the world. Therefore, the firm is trying to increase the sale of food and beverage
products in the global market. Further, the marketing manager maintains a good relationship
between seller and buyer within the organization. Now it is assumed that there is a close
relationship between marketing and another functional department of the organization. Through
marketing, Unilever can run the business effectively and efficiently (Leeflang, Verhoef,
Dahlström and Freundt, 2014).
Value and importance of the marketing roles in the context of the organization
There are the various significance of the marketing in the context of the Unilever
Company which have been discussed below.
Spreading the information: Marketing is used by the company to engage and connect with
potential buyers in the market. The consumers can know and understand the attribute and quality
of the products through marketing.
High sales: Marketing plays an integral role to increase the sale of the food products and
beverages around the world. The firm can produce high quality of food with maintaining proper
communication by using marketing concept (Finch, Nadeau and O’Reilly, 2013).
Improving and maintaining company reputation: When the company renders good quality of
food products to the customers then it will also help to build and develop the reputation and
goodwill of the Unilever. Marketing manager maintains effective communication between
customers and enterprise.
Healthy competition: Marketing also maintains a favorable working environment to gain the
various competitive advantages across the world. It focuses and evaluates the competition of the
market. Through marketing, the company set the reasonable and suitable prices of the existing
and new products and services to overcome on the competitors across the world. It also helps to
maintain effective and healthy competitors in the world (Hennig-Thurau, Hofacker and
Bloching, 2013).
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Marketing essentials
Significance of having effective interrelationship between different functional department
of the Unilever
Marketing is an important concept to maintain coordination and collaboration among the
different departments to attain the long-term targets and goals of the firm. There are the various
significance of having an effective relationship between different functional departments of the
Unilever that have been discussed below.
Trust: It helps to build and develop trust, confidence, and loyalty among the customers in the
universal market. Through effective and excellent communication, the company is able to share
various types of information with customers across the world (McDonald and Wilson, 2016).
Customer service: Along with trust and confidence, effective and unique communication helps
to improve and enhances the customer services within the organization. The consumers do not
have to suffer from any issues and problems because they are interrelated with each and every
department to communicate and collaborate with customers in the world.
Efficiency: If the company maintains effective communication among the different department
of the organization. It also helps to increase and enhance the demand for the food and beverage
products in the world. The customers become aware through marketing campaigns and programs
in the universal market. In this way, it increases the efficiency and productivity of the
organization as well as employees.
Conflicts:
Marketing also helps and guides the employees to resolve and handle the conflicts, disputes, and
obstacles of the marketing. The conflicts and disputes can break the effective communication
among the people. Thus, the company needs to focus and monitor the strategies, plans, and
procedures of the organization. The effective and unique communication system is used by the
firm to resolve and handle the customer relationship among the various people in the global
market (Asare, Brashear, Yang and Kang, 2013).
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Task 2
Elements of marketing mix to achieve overall business objectives
Unilever uses marketing mix strategies in an effective way compared to the competitors
such as DANONE, PepsiCo, and Henkel for achieving the overall business goals and objectives
within the organization. The elements of the marketing mix have been discussed below.
Product: The Company must focus on the quality of products and services to gain long-term
success and growth globally. It should produce the product and service according to choice,
wants, desires and requirements of the consumers. In this way, Unilever can enhance and
increase its profitability and success around the world (Khan, 2014).
Place: Further, the company must focus on location to produce new products and services
around the world to reach the target audience. It must be easily available in shops and stores in
the market. In addition, the firm can take help of the social media, mail order and e-commerce to
increase the demand for the products and services.
Price: The products and services must easily available on stores and shops at cheapest and
suitable prices to make happy to the customers. In today’s era, DANONE and PepsiCo are trying
to beat the Unilever by producing unique products at appropriate prices (Huang and Sarigöllü,
2014).
Promotion: Advertising, personal selling, social media, and sales promotion are mandatory tools
for Unilever and other competing companies globally. These tools use to communicate and assist
with customers and clients effectively and efficiently. Advertisement and promotion are good
sources to increase the revenue and profit of the company.
People: Manpower is an important tool for the company to achieve its long-term targets and
objectives of the firm. The firm hires a qualified and skilled person to do work effectively and
efficiently within the organization. These people believed upon to push the organization agenda
and they attain goals and objectives of the firm.
Processes: The company uses effective and favorable process with the presence of the
consumers to deliver the unique and effective products to the customers around the world. The
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consumers pay according to the product quality and feature that delivered to them (Leonidou,
Katsikeas, and Morgan, 2013).
Physical evidence: Most of the products and services include some physical components. Thus,
Unilever also uses physical evidence to ensure the presence of the products and services.
Task 3
Marketing plan for Unilever
Statement of the marketing goals and objectives: The main of the marketing plan is to provide
satisfaction to the people by providing unique and healthy food and beverage products to the
people around the world. The company takes each and every step according to the profit, long-
term value, and growth of the company. Further, it wants to develop and build a healthy
relationship with customers. These are the objectives of the Unilever marketing plan within the
organization (Odunlami, 2013).
SWOT analysis of Unilever: The SWOT stands for strengths, weaknesses, opportunities, and
threats. The SWOT analysis has been discussed below.
Strengths
It is the well known and recognized brand in the world.
The company maintains an effective relationship with vendors, retailers, and customers.
The economic position and portfolio of the company are good and effective (Hasan,
2015).
Weaknesses
The income and profit of the company are decreasing due to a reduction in the sales of
the products and services.
The managerial functions which are organized and formulated by the Unilever are weak
and poor. As a result, it reduces the sales of the company.
The firm does not have the ability and potential to do more acquisitions.
Opportunities
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By changing the approach and strategies, the company can get better outputs and results
in near future.
The requirements related to the food and beverage products should be increased to
enhance and maximize the commodities (Gopaldas, 2015).
Threats
The high competition is faced by the company in the global market.
The exchange excise is the biggest problem of the firm.
The climate of the business influences the reputation and position of the firm.
Competitors of the company: There are various competitors of the Unilever which include
Nestle, DANONE, Reckitt Benckiser Group plc and PepsiCo. The competitors affect business
activities and operations of the company adversely (Moodie et al, 2013).
Marketing objectives of the plan: The marketing objectives of the Unilever have been
discussed below.
To increase the sale of the company by maintaining sustainability and loyalty among the
customers.
To increase and maximize the sales percentage by increasing the manufacturing rate of
the brands.
To introduce innovative and new food and beverage products in the universal market.
Target market segments: The target market includes male and female groups around the world.
The company focuses and identifies the needs, requirements, and expectations of the target
market. The marketing mix of the Unilever has been discussed below.
Product: Dove is the topmost brand of the Unilever. Further, the company is dealing with food,
beverage, and personal care products. It is one of the biggest brands of ice cream.
Price: The prices of the products are different in Unilever. The prices depend on the quality and
quantity of the products. The company checks and evaluates the strategies of the competitors to
set the reasonable prices of thee products (Kent and Wanless, 2014).
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