Parcelforce Worldwide: Marketing Roles, Strategies, and Analysis

Verified

Added on  2021/04/17

|12
|2503
|38
Report
AI Summary
This report provides a comprehensive marketing analysis of Parcelforce Worldwide, a major express parcel delivery service. It begins by defining marketing and outlining its importance for the organization, exploring key marketing functions such as pricing, distribution, and market analysis. The report then examines the roles and responsibilities of marketing within the wider organizational context, including its interrelation with other departments like finance and HR. It compares Parcelforce Worldwide's approach with another organization, Marshfield Ice Creams, highlighting similarities and differences in their marketing strategies, including the use of the marketing mix (7Ps) and market segmentation. Finally, the report produces and evaluates a marketing plan for Parcelforce Worldwide, including marketing objectives, strategies, and goal setting, along with tools for plan evaluation, such as sales analysis and cost-profitability analysis. The report emphasizes the importance of understanding the client and market through essential marketing tools to build the organization's goals and techniques with the satisfaction approach.
Document Page
1
Business Management
Name
Course
Professor
School
City
Date
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
2
Introduction
The fundamental function of an organization is marketing, which studies the relationship of the
organization with the environment, whether if they are clients or the competitors (Armstrong,
Adam, Denize and Kotler, 2014). Regards of any specific sector of activity organizations,
currently are competing in the global as well as uncertain environment in which is imperative in
conducting market research to commercialize their goods and also survive in the market.
Parcelforce Worldwide belongs to the Royal Mail Group that has been major provider of the
express parcel deliveries. The company remains to be offering various services such as a
guaranteed delivery on numerous times or maybe days. The business utilizes a network of
international partners to lengthen its reach beyond UK.
P1: Explain the key roles and responsibilities of the marketing function.
Define marketing: Marketing has been referred as the management method which is
accountable for identifying, anticipating along with satisfying the client requirement profitability
(Groucutt and Hopkins, 2015). Marketing could be utilized to ascertain the product in addition to
services that can be of interest to the client and strategy to utilize in the sales, business
development and communications.
Importance of marketing for Parcelforce Worldwide organization
Marketing is important for this organization for a number of ways.
Consumer needs: marketing encompasses not only determines on the consumer need, but it
helps in creating of the needs of the consumer. It begins on understanding on the potential
consumer.
Document Page
3
Finding the shortest path to consumer and the brand: The organization has demonstrated
continuous involvement on the marketing through social media marketing, and they have
achieved this by participating with timely campaigns which are aimed at their audiences
(Groucutt and Hopkins, 2015).
Marketing function: This is the art that supports a business to identify and source likely
successful products for the market place in which they function and then promote them by
differentiating them from this kind of equivalent products.
Key marketing functions
The key marketing functions which Parcelforce Worldwide organization has utilized are pricing,
distribution and the market analysis.
Pricing
Pricing has played an important role when it comes to determining on the success as well as
profitability of the organization (Groucutt and Hopkins, 2015). The organization has been the
major deliver of the postal parcels worldwide therefore, they are providing low-cost suppliers
hence they have set low prices and they have remained profitable. They have differentiated on
their services from the other competitors such as improving quality of service by majoring on
time-critical products.
Distribution
Distribution strategy which has been utilized by this company has determined how the customers
have obtained on the products (Groucutt and Hopkins, 2015). The organization is supplying to a
large group of individuals, in one day they deliver 210000 parcels therefore to be more cost
Document Page
4
effective to deal with the customers they use the local distributors in various regions. The
organization marketing consumer products distribute them through various outlets.
Market segmentation
when it comes to market they operate in; business to business where transportation of parcels
and supplies from one organization to another, business to consumer market is where the parcels
go from the businesses to homes. The next is the consumer to consumer market in which the
parcels are going from one home address to another.
P2: Explain how roles and responsibilities of marketing relate to the wider organizational
context.
Importance of marketing
The major roles of marketing in this organization are as follows;
Development of the marketing strategies: it helps in the development and planning of the
strategies for the business organization (Sheth and Sisodia, 2015). The leaders need to recognize
the needs and requirements of target consumers (Groucutt and Hopkins, 2015). Another
importance of marketing is that of monitoring of the marketing condition: Marketing has an
important role in identification of the new advancements particularly in the marketing
environment (McDonald and Wilson, 2016). These new development provides a constructive
response to the progression of product and services.
Structure and operation of organization
In the organization there is a finance department which connects to the marketing department of
the organization (McDonald and Wilson, 2016). The functional aspect of marketing could not
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
5
function without appropriate communication along with sorting with the financial team in the
company. Furthermore, the marketing department requires accurate description from the
production department in relation to the services and the products of the organization to manage
to offer marketing plan (McDonald and Wilson, 2016). Another department in the organization is
the HR that gives economic aid from the finance department, logistics from the distribution
network. In the HR department they have got intended the HR policies with the marketing
department to boost on the sales.
Structure and operation of the marketing department
In the marketing department the marketing services involves the economic resources for
implementation, planning, study and evaluation of the marketing strategies as well as planning
among the business organization (McDonald and Wilson, 2016). In the marketing department
there are sales team whose major work is to market the services provided by the organization.
Additionally, there are sales managers whose duty is to provide tactics and plan for their sales
team as well as the networks for the distribution.
Overview of the marketing process
Overview of the marketing process of the organization is as follows.
Document Page
6
Inter relation of marketing unit with other functional unit of the organisation
Marketing department is interrelated to the other department in the sense that they work together
for example; the marketing department requires accurate information from the department of
production in relation to the products and services to be able to provide a marketing plan
(McDonald and Wilson, 2016).
Additionally, it requires the HR for the purpose of the economic help from the finance
department as well as the logistics from the distribution network.
P3: Compare the ways in which two organizations Parcelforce Worldwide
Business objectives and its importance for the ParcelforceWorldwide
The business objective of this organization is to provide a range of service which include a
guaranteed delivery on various times or days (McDonald and Wilson, 2016). To achieve this
Document Page
7
they have made changes on their business through improvement of the quality of service through
focus on time critical products (Wilson, Zeithaml, Bitner and Gremler, 2016). This is important
to them since it would reduce on the number of the parcels which are handled but increase on the
value of each delivery.
Define and explain marketing Mix (7P’s)
It is the tool that helps the marketers to recognize the services and products. The marketing mix
is utilized in the marketing planning techniques to achieve the goals of organizations and
objectives (Kotler and Armstrong, 2013). ParcelforceWorldwide employs the extended
marketing mix to attain their goals and objectives given below;
Product: The service must be appropriate to be able to satisfy on the requirements and demands.
The primary objective of their services is effectiveness to meet the clients.
Place: The convenience to both the product and services of the business should be simpler to the
client. The store is situated near approachable locations to target the customer and their deliver is
prompt.
Price: The price of services provided need to offer value to the money experience to the client.
This continues to be crucial strategy when representing the value customer.
Promotion: The promotion process of the organization involves advertising, social media, and
the sales promotion. The organization is B2C, B2B, C2C services; hence they are focused to
personal selling (Kotler and Armstrong, 2013).
Process: The process entails the services of the organization such as ParcelforceWorldwide
delivers parcels to the customers with a smile to be able to produce a greater buying experience
to them.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
8
People: Individuals’ entails organizational culture management, workers as well as the customer
services of ParcelforceWorldwide which are important to them (Kotler and Armstrong, 2013).
Physical evidence: This entails the facilities of the organization. The organization utilizes
network of clients who are international to extend its reach beyond the UK to more individuals
globally.
Application of marketing mix to marketing planning process to achieve business objectives
Parcelforce Worldwide is a large organization for delivery of the parcels. The client dedicated
initiatives helped the enterprise to grow and make an effect in the national market as it was
beginning. It was as a result of the use of extended marketing mix by the organization and
genuine passion on the client centric approach (Kotler and Armstrong, 2013). The sole success of
ParcelforceWorldwide organization is the understanding of the client as well as market via the
marketing essential tools as well as building the goals of the organization and techniques with
the satisfaction approach (Kotler and Armstrong, 2013). The use of marketing combine
marketing planning method is focused over product dimensions, place of offering the product,
pricing structure in addition to promotional activities.
Application of marketing mix to marketing planning for another organization
The other organization is Marshfield Iice creams of UK that uses a marketing segmentation
process in order to attain the goals of the organization. The marketing segmentation of this
organization entails the following process (Brassington and pettitt, 2012).
The organization defined the market for the organization such as target market.
The creation of the market segments which takes place.
Document Page
9
Evaluations of various segments which are done for various criteria
Creation of the segments process
Attractiveness of the segments which are evaluated
The target market are then selected
Development and the implementation of the positional strategy
Evaluation as well as feedback process for the segmentation
Similarities and dissimilarities of both
Similarities
Both of the organizations are found in the UK.
Dissimilarities
ParcelforceWorldwide utilizes the marketing mix strategy while Marshfield uses the
market segmentation strategy.
They are in different products sectors
P4: Produce and evaluate marketing plan for ParcelforceWorldwide
Marketing plan
Marketing plan is an extensive document which shows the business advertising in addition to
marketing efforts for the coming years (Brassington and pettitt, 2012). It usually highlights on
the business activities which are involved in accomplishment of various marketing objectives
within a given period.
Importance of marketing plan for the organization
Document Page
10
The marketing plan will help the organization to develop on the products as well as the services
in the business which meets the requirement of the target market (Jobber and Chadwick, 2012).
Furthermore, the marketing plan would certainly help attain on the target audience, boost on the
customer base and boost on the bottom line.
Key terms
The key terms are setting goals and objectives, marketing strategies, and objectives.
Marketing objectives: Entails what the organizations aims at achieving within a given period.
Marketing strategies: This entails the strategy the organization would employ in order to
achieve the set objectives.
Setting goals and objectives: This entails the planning process whereby the organization set
objectives which are translated into actionable goals.
Marketing plan for ParcelforceWorldwide
Marketing objectives
Developing awareness of the brand through steady increase of new customers
Developing an increase in the sales whilst attaining a state or even decrease in the
marketing expenses (Mishra, 2016).
Marketing strategies
This is the strategy which is utilized by the organization to market on their services and product.
In the case of Parcelforce worldwide utilized expanded distribution to increase on their growth
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
11
rate and revenue (Jobber and Chadwick, 2012). Parcelforce worldwide organization has various
partners who help them market their product international to other market beyond UK.
Setting goals and objectives: the main goal of the organization has been to improve on the
business especially on the delivery of the parcel. To achieve this there is need to improve on the
service by targeting on-time critical products. This helps in reduction of parcels which are
handled and increase in the value of delivery.
Evaluation of marketing plan
There are various tools for evaluating the marketing plan this is through; sales analysis and cost-
profitability analysis.
Sales analysis
When the organization improves on the services for the critical products, it will improve the
overall sales by 10%. This is based on the improvement of the value of delivery which will make
the customers utilize more of the service.
Cost-profitability analysis
The organization utilizes cost allocation in order to analyze the performance- this is through cost,
income and profit across the various attribute of the business (Brassington and pettitt, 2012). The
organization could utilize this to analyze their cost from the income they have from the sales and
know the amount of profit they have made.
Document Page
12
References
Armstrong, G., Adam, S., Denize, S. and Kotler, P., 2014. Principles of marketing. Pearson
Australia.
Brassington, F. and pettitt, S., 2012. Essentials of Marketing. 3rd Ed. Harlow: Pearson.
Groucutt, J. and Hopkins, C., 2015. Marketing (Business Briefings). London: Palgrave
Macmillan.
Jobber, D. and Chadwick, F., 2012. Principles and Practice of Marketing. 7th Ed. Maidenhead:
McGraw-Hill.
Kotler, P. and Armstrong, G. 2013. Principles of Marketing. London: Prentice Hall.
McDonald, M. and Wilson, H., 2016. Marketing Plans: How to prepare them, how to profit from
them. John Wiley & Sons.
Mishra, A. (2016). Product mix and product line.
Sheth, J.N. and Sisodia, R.S., 2015. Does marketing need reform?: Fresh perspectives on the
future. Routledge.
Wilson, A., Zeithaml, V., Bitner, M.J. and Gremler, D., 2016. Services marketing: Integrating
customer focus across the firm. McGraw Hill.
chevron_up_icon
1 out of 12
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]