Search

Key Roles and Responsibilities of Marketing

University: ICON COLLEGE OF TECHNOLOGY AND MANAGEMENT

  • Unit No: 2
  • Level: High school
  • Pages: 15 / Words 3836
  • Paper Type: Assignment
  • Course Code: N/A
  • Downloads: 621
Question :

Questions- This assessment will cover the following questions:

  • Marks and Spencer are a British multinational retail industry which supplies variety of clothes. Examine the role of marketing and its interrelationship with the other departmental unit of Marks & Spencer.
  • Demonstrate the 7 Ps of marketing and how it influences the overall objective of the Marks & Spencer.
  • Analyse the basic principle of marketing plan and how it helps in achievement of organisational goal.
Answer :
Organization Selected : Marks and Spencer

INTRODUCTION

Marketing is the process or set of activities undertaken to promote product and services of the organization. It includes researching, selling, advertising and delivering products to the end consumers. It involves all the actions company undertakes to draw customer attention and maintaining a relationship with them by meeting up with the customer’s needs and wants. In this report Marks and Spencer is taken. It is a leading British multinational retailer, founded in 1884, specialized in selling high quality clothing, food products and home products. It has over 850 stores in UK. This report includes the key role and responsibilities of marketing function and its interrelation with other functional units of the organization, comparing and analysing the ways organizations apply 7Ps of marketing mix in order to achieve its business objectives and developing and evaluating the strategic business plan to introduce new product in the market.

LO1

P1 Key Roles and Responsibilities of Marketing Function

Marketing plays a key role in promoting and establishing the business and marketing department is the key to good sales and marketing. It is the way through which people are made aware of the new product and services in the market in such a way that people are interested in it and desires to acquire it. Some key roles and responsibilities are described below.

Expand market: Marketers uses various communication tools, for instance, advertising, promotion, event marketing, sales etc. to promote its products and services (Kotler, 2015). Emerging sources of marketing have made it more interactive. Marks and Spencer emphasizes to provide common message through advertisement in TV, print media and other social media campaign. It also participates in various events and shows which helps in market expansion, increasing brand value and enhancing revenue.

Meeting customers need and demand: Marketers needs to identify the consumer needs and accordingly implement the marketing strategies. The needs of the customers are influenced by the culture, belief, personality, lifestyle etc. Marks and Spencer has used a selective targeting strategy to make its products attractive to the targeted segment. Its proper positioning has also helped in positioning the brand in the minds of the consumers. It has always tried to highlight the key benefits of its products and services which create a sense of pride and satisfaction among consumers and persuade them to buy its products.

Pricing products: Price plays a crucial role in marketing a product or services. Marketer needs to undertake proper market research and analyse target market in order to adapt right price for its product. A little variation in the price may increase the demand for competitor’s product. Marks and Spencer follows competitive pricing strategy. It has its own house brands so it has priced it from medium to higher category because of it premium quality. It also follows dynamic strategy during seasonal times to offer huge discount and other offers to its customers.

Market planning: Market is a dynamic place which keeps on changing so marketing manager needs to create a marketing plan explaining the key marketing elements and how it will be implemented in attaining business objectives (VERDOY ALVARO, 2013). Marks and Spencer keeps on evaluating its marketing plan to make the relevant changes with the changing conditions, to be competitive on every step and take competitive advantage over its competitors.

Being creative and innovative: Marketing department is known for its innovation whether it is for launching new product or for any promotional activity. It needs to come up with innovative ways to position its products into the mind of consumers. Marks and Spencer has a wide range of product portfolio for all age group which are distinguished from its competitors based on its designs and appearance. It also tries to be innovative in its promotion strategy to grab customer attention which will increase its revenue and profitability.

Customer support services: The success of marketing is measured through the satisfaction level of its customers, so it is the important responsibility of the marketing function to take care of its customers. It needs to provide customer support services such as customer grievance handling, after sales service, consumer information etc. Marks and Spencer has a structured customer support system. It has its blog, presence over other social networking sites where it can handle its customer’s complaints. This will help in getting and retaining the customers.

Keeping up with the competition: Marketing department needs to carry out market research on a regular basis to identify emerging changes in the environment and look for the solution for the same (Yu, Ramanathan and Nath, 2017). This will help in overcoming the threats that may hamper the business operation. Marks and Spencer's research team continuously works on analysing the market in order to identify the key market threats in terms of competition, technological change, consumer needs and preferences etc. so that a proper plan of action can be formulated to tackle with the same.

P2 Interrelationship of Marketing with other Functional Departments of the Organization

An important task an organization faces while developing a business plan is to coordinate and integrate plans with other functional departments to achieve overall business objectives. Marketing function cannot work alone to achieve success, it is the combine effort of all the departments and marketing is the centre point of this. Marks and Spencer has several functional units which forms a direct relationship with the marketing department which has been shown below.

Marketing and Finance: Every plan has a finance dimension. Money is the basic factor in every organization. Finance department provides funds to carry out the marketing plans based on projected financial statements, it also provides helpful information about the pricing of the product as per customer expectation (Friesner Tim, 2014). Apart from this, the development of plan involves the complete analysis of cash flow, capital requirement and other financial policies which requires marketing information. In big organization like Marks and Spencer, finance department provides forecasted profit and loss statement and cash flow statement for short term and long term which helps in forming financial and marketing policies.

Marketing and Human Resource: The HR department always tries to provide personnel that will help in increasing the productivity of the organization. HR function looks for recruitment, selection, training and development of the employees as per the organizations need. Marketing department needs to accompany HR department in formulating job description, designing training programs and creating incentive system. Marks and Spencer has efficient HR team which helps in recruiting required number of personnel with relevant expertise based on the market research done by the marketing team. So in order to have a strong team, marketing department needs to maintain a good relationship with the HR department.

Marketing and Research and Development: The major link between marketing and R&D revolves around the new product development. The need of potential customers is the central of any new research and development which is based on the customer insights provided by the marketing department (Chisholm, 2017). R&D department works on the innovative ideas, product design which can benefit in attracting target market segment. Marks and Spencer works in coordination with its R&D department to meet the needs of its customers by creating and innovation products which can proved to be a differentiating factor from its competitors and grab new opportunities.

Marketing and Production: Marketing department gathers a complete information about the customer needs and expectation and sends this information to the production department in order to produce what people want with the expected price. Production department determines the number and types of products that can be produced with specific design. Marketing department also spots the likes and dislikes of the people about the product which helps production department to improve the quality of the product. Marks and Spencer has a structured production system which is flexible enough to change its production process as per the customer requirement. It also maintains a good relationship with marketing department for working efficiently.

Marketing and Procurement: Marketing research regarding customer acceptance of the new products is the major input for procurement planning process such as the type of raw material required and the number of suppliers available. Sometimes companies required to modify the material to cope up with the lack of availability of resources or replace it with other easily available resources. The procurement team of Marks and Spencer is effectively working to increase its connection with the suppliers to meet up with the needs of raw material on time in required quantity. Marketing team requires confirmation from the procurement team on the basis of which product is produced.

Marketing and Information Technology: Information technology is the important part of the organization. IT and marketing is having a strong relationship with each other, as a marketer needs to understand the customer, it requires companies to invest more money in IT department. For marketing, information technology would be of great importance such as database development, customer relationship management, data analysis, website development and e-commerce, product enhancement etc. which requires implementation of the latest technologies in the organization (Swink and Schoenherr, 2015). In Marks and Spencer, the latest technologies have been successfully adopted to improve its productivity and efficiency. Its marketing team knows everything about its customer and the way it interacts with its products and services. It has digitalized and automatized it business operations to meet with the need of its customers.

LO2

P3 Comparative Analysis of Marketing mix

Every organization has his own marketing plan that describes the strategies of its company in near future or within a year, month or quarter (Kayabasi, A. and Mtetwa, T., 2016). The plan contain completed detail related to company position in the market, target customers, timeline when the work will be completed and business marketing strategies. Marks and Spencer marketing plan make use of various marketing mix in order to achieve the objectives of company. Marketing mix is a tool of marketing that is used by marketer to increase sells or attract large number of customers. The marketing mix used by Marks and Spencer in marketing plan are as follows:

Marketing Mix

Marks and Spencer

ASDA

Product

Marks and Spencer offers high quality clothing, food and home product. The company is able to expand its business as it identifies the needs of the customer that they are more concerned about their health thus offers high quality and eco-friendly product to its customers. Thus, It has highly benefited from this strategy of marketing mix of product as the company is enjoying a good market share by maintaining its quality of the product.

ASDA also deals in food, clothing and home product but at the same time it also offers financial services to its customers. The company is able to expand its market share by offering quality product at reasonable rates. The company is able to expand its market share by offering quality product at reasonable rates,with products to cater from every age group,beauty products and luxury comfort goods too for the younger generation.

Place

Marks and Spencer as operating its business worldwide it has multi-channel for distribution of product and services (Matic and et.al., 2019). The company mainly sell its product though stores that are spread across UK in high streets and near retail parks. Online sale has benefited the company more than its retailer sales as most customer in today environment prefers online shopping.

ASDA sells its product through online or through various retailer that are close connected with customers. There are more than 500 retailers in the UK that provide quick and easy access of its product to customers. Asda stores are spread globally with around 19 million customers who shop at stores every week.

Price

It is the most important factor of marketing mix as it represents the value of product in terms of money. The organization has to set such price that is neither low nor high that means the customers are happy when they spend little more for the thing that works well. Marks and Spencer have mainly focus on providing quality product thus they use value based pricing that means the customer are ready to buy the product due to its quality. The company also offer promotional discount at regular interval in order to attract customers but the company has to change its price strategies as it facing strong competition.

ASDA has use price strategies in order to attract large number of customer. It offers product at reasonable price by maintaining the same quality of the product. Thus, this factor play important role in pursuing customers.

Promotion

Marks and Spencer advertise its product by bringing celebrity to endorse customer to buy their product and also market their product online by using social sites such as Facebook, twitter. The company also offer promotional offer or discount to its customer thus the company has make use of promotional marketing mix tool in its marketing plan.

ASDA use various means to promote its product such as by giving advertisement on television or radio, also use social media such as Facebook, twitter and also works on innovative promotion skills of its product through personal selling.

People

Marks and Spencer has millions of customers and 83000 of employee that are working in more than 1000 stores of company (Ojo, C. and et.al, 2018). The company play special attention to its employee by providing them training, recognizing and rewarding their effort, offering discounts and other pension benefit. Marks and Spencer also play attention towards the customer needs and offer the best customer service.

ASDA has numerous employee in order to perform various function. Thus, the company make effort to trained employee to handle customer, to solve their query and persevere them to buy product it also provides various incentives to the employee on the basis of performance.

Physical Evidence

Marks and Spencer offers quality service to its customers, use distinct packing so that they can be easily identified, the size of stores are also big and the stores have floor or section that classified on the basis of women, men and kids zones. It has its own website that is user- friendly so it provides ease to its customer to shop online.

Sheer size, location and number of stores is one of the strength of ASDA. Its products are arranged in well-defined order and the outlet of stores is also good.

Process

Marks and Spencer has provided good services to its customer as it has trained and skill employee and with the use of social sites the company is able to get feedback. Thus, the company has make effectively use of process marketing tool in its marketing plan.

ASDA follow well-defined process and distribution channel. The product are manufacture and then its come to wholesalers and then finally its sold by retailer to its customer.

Also Read:- Marketing Essentials Regent College Level 4

LO 3

P4 Marketing Plan

Executive Summary

Marks and Spencer is planning to introduce organic product to its product line as the customer nowadays are more concerned about their health. The company has done pestle and swot analysis of the product before launching it into the market. The marketing plan of Marks and Spencer includes various marketing tools in order to increase its sells and profit margin of the company.

Company background: Marks and Spencer is a British company that operates is business around various nation and it is a retail industry that deals in high quality clothing, home and food product. It was founded in year 1884 in Leeds, united kingdom since 136 years by Michael Marks. It deals in various brand such as M&S collection, M&S Energy, Blue Harbour, Rosie etc. and there are more than 1000 store across 50 countries.

Aim: To launch a new product within the markets of UK.

Objectives:

  • To generate customer awareness related to new product.
  • To increase the market share by 18%.

Pestle Analysis: The company has analysis and evaluate its external environmental factor that will affect in launching of new product.

Political factor: Marks and Spencer has undertaken political factor while launching the new product. The company has make all plan and policy as per the government policy, had followed all rules related to manufacturing of products etc. Due to stable policy of the government the company can easily expand its market share of new product.

Economical: Cost of production of organic product is high so it directly increases the cost of the product on this basis the company target medium and high class people. On the basis of economical factor the company has tried to satisfy the needs of the young customer by selling organic product online.

Social factor: Marks and Spencer by considering social is able to attract large customer as they are more educated and aware that quality matter a lot, and they prefer to pay if the product value is as per the price of the product. So, Marks Spencer launching organic food that is good for the health and thus, satisfy the needs of the customers in the most effective way.

Technology factor: Marks and Spencer also consider technology factor in executing its marketing plan as it make effectively utilization of present technique. The company also upgrade its self as per the changes in the market it develops new technique to produce organic food in order to minimize cost.

Swot analysis

Strength

  • Operating its business globally
  • Brand image

Weakness

  • Poor customer satisfaction
  • Reliance on UK market

Opportunity

  • Online presence
  • Expansion in international markets

Threats

  • Competition

7P's of Marketing: The company has use various tools of marketing to sell the new launch product or organic foods. The tools used by company are as follows :

Product: The company is able to satisfy the needs of the customer in the best possible manner by launching organic foods in its product line.

Price: The company has to set such price that value their product and the consumer are willing to pay for it easily.

Place: The company has made separate section for organic food and the stores are also located in high street where consumer prefers more organic food.

Promotion: Marks and Spencer can easily promote its organic product due to its brand image and it can also make use of social sites.

People: The company has millions of customer and large number of employee with high knowledge and skill thus it helps the company in launching of new product.

Physical distribution: Marks and Spencer has user -friendly website and the layout of the store is also simple and attractive.

Process: As the company has easy process for ordering product online because of user-friendly website that gives conveyance to its customer in online shopping.

STP: The company has divided the market into various category and thus on the basis of its target certain groups of people and then the company has position its self in t

Download Full Sample
Cite This Work To export references to this Sample, select the desired referencing style below:
Assignment Desk.(2024) Key Roles and Responsibilities of Marketing Retrieved from: https://www.assignmentdesk.co.uk/free-samples/marketing-essentials/key-roles-and-responsibilities-of-marketing
Copy to Clipboard
Copy to Clipboard
Assignment Desk (2024) Key Roles and Responsibilities of Marketing[Online]. Retrieved from: https://www.assignmentdesk.co.uk/free-samples/marketing-essentials/key-roles-and-responsibilities-of-marketing
Copy to Clipboard
Assignment Desk Key Roles and Responsibilities of Marketing. (Assignment Desk, 2024) https://www.assignmentdesk.co.uk/free-samples/marketing-essentials/key-roles-and-responsibilities-of-marketing
Copy to Clipboard
Assignment Desk Key Roles and Responsibilities of Marketing. [Internet]. Assignment Desk.(2024), Retrieved from: https://www.assignmentdesk.co.uk/free-samples/marketing-essentials/key-roles-and-responsibilities-of-marketing
Copy to Clipboard
Struggling with writing assignments? Take our academic writing services to resolve your problems. We not only provide online assignment help but also various other services like thesis, dissertation, and essay writing services. If you have any doubts about our experts, then we suggest you check our “Samples” before seeking dissertation help from us. Our experts can ease the complexity of your work. All you have to do is ask, “Can you do my assignment?”
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price
USD 6

    Delivered on-time or your money back

    100+ Qualified Writers

    For Best Marketing Essentials Assignment Help

    View All Writers
    FREE Tools

    To Make Your Work Original

    • tools Paraphrasing Tool

      Check your work against paraphrasing & get a free Plagiarism report!

      Check Paraphrasing
    • tools Plagiarism Checker

      Check your work against plagiarism & get a free Plagiarism report!

      Check Plagiarism
    • tools Dissertation Outline Generator

      Quick and Simple Tool to Generate Dissertation Outline Instantly

      Dissertation Outline Generator
    • tools Grammar Checker Tool

      Make your content free of errors in just a few clicks for free!

      Grammar Checker
    • tools Essay Typer

      Generate plagiarism-free essays as per your topic’s requirement!

      Essay Typer
    • tools Thesis Statement Generator

      Generate a Compelling Thesis Statement and Impress Your Professor

      Try Thesis Generator Tool

    Professional Academic Help at Pocket-Friendly Prices!

    Captcha Code refresh

        Estimated Price

        USD 6.32 25% OFF
        Total Price USD 6
        182532+Delivered Orders 4500+PhD Writers 4.8/5Client Rating

         
        AD whatsapp

        Limited Time Offer

        Exclusive Library Membership + FREE Wallet Balance