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University: Regent College London
Marketing is a set of activity and process for creating, manufacturing, communicating, promoting, distributing and delivering of products or services to the customers for meeting their desired expectations. There are several things available which are marketed like products, services, place, property, experiences, events, people and informations etc. Therefore, it can be analysed that the marketing function performs several activities regarding producing, designing, and distributing of goods and services that have some values for customers, society and partners as well. This report is based on McDonald's that is a fast food restaurant and provide varieties of items including Hamburgers, Soft drinks, French fries, Chicken, and deserts (Baker and Saren, 2016). It is American based firm and dealing at international market. This assignment will describe about marketing functions and its roles or responsibilities within organization so that they can achieve predetermined goals or objectives. It will compare two different firms who apply marketing mix strategies for accomplishing set targets within organization. This will produce and develop an effective marketing plan for achieving business objectives.
In the present era, marketing play vital role in occupying better position in the marketplace. It is an essentials in increasing brand image and create goodwill among competitors. Marketing functions consist several aspects that helps in creating products or services and deliver to targeted audiences for attaining particular goals or objectives. In this defines a set of institution that organisation consider for performing their functions and run entire business operation. It involves production systems, distribution channels or networks, buying and selling performance for the purpose of satisfying customers needs or wants as well as meet their desired expectations (Brassington, 2013). Many of companies focus on marketing activities as they conduct survey for analysing particular target market so they gather informations regarding customers, competitors, current situations, trends, fashion, choices, tastes, buying behaviours and environmental changes etc. these are very helpful for formulating an appropriate strategies so that company can survive in the competitive environment. Marketing strategies helps in developing firms and increasing reputation because in this included various promotional tools or techniques that create awareness among targeted audiences and meets their desired requirements.
There are number of activities and functions involves in the marketing that organisations consider for generating profits and enhance growth. These are also helpful to gain profitability and productivity with the help of attracting number of customers in well manner. McDonald's also consider marketing tools for running the business operations as they perform several roles or responsibilities regarding conducting market research, find potentials customers, produce effective goods or services and many more to accomplish set goals or objectives. There are describing roles and responsibilities of marketing functions of McDonald's such as:
In this defined various roles or responsibilities of marketing functions that are interrelated with organisation for achieving predetermined goals or objectives in an effective manner. There are many of firms who consider the marketing tools or techniques for the purpose of promoting particular goods or services in the market place. Marketing function has major impacts on increasing goodwill and maintain the brand image by using different methods and formulate effective strategies in an effective manner. McDonald's focus on making best decisions regarding adoption of strategies and consider various tools so that they can survive in the tough competition. In the business organisation, environmental factors can affects on the operations and productivity as per the changes. Therefore, McDonald's undertake several components of marketing functions while making strategies that are beneficial for generating higher revenues such as segmentation, targets, positioning, advertisements and promotional tools, markets analysis and research, distribution channels or networks and many more.
There are various roles or responsibilities of marketing that must be performed by the manager within the organisation (Dibb, 2013). Therefore, marketing department play an important role in the business firm because in this included various activities that can be support to the McDonald's in running business and gaining profits such as market research, analysis, finds potentials customers, promotions, finance, producing goods or services, distribution networks and communications channels that helps in increasing demands and generate higher profits in more effective manner. Organisational departments are interlinked with marketings functions which perform several roles or responsibilities and these are as followings:
Roles and Responsibilities of marketing functions in McDonald's
In the modern era, many of big organisation are focusing on making better actions plans regarding adoption of marketing tools or techniques so they formulate strategies by undertaking some marketing mix elements (Rowley, 2011). These are very beneficial for achieving competitive advantages and higher growth in well manner. McDonald's also make strategies and consider several components of marketing mix so that they can create effective position in the marketplace. It support in generating higher profits or revenues as well as increase create more awareness among customers so that they can be attracted towards firm. Here are comparison of McDonald's and CADBURY as how they are applying and adopting best strategies to achieve competitive advantages (Lamb and Hair, 2011). They focus on build good reputation in the market through marketing mix tools such as:
Marketing mix tools |
McDonald's |
CADBURY |
Product |
In this included the material or things which have value for customers. McDonald's is selling several products or services in the market including Hamburgers, Cold Coffees, soft drinks, French fries, Chicken, Mc Puff and many more. |
It is a confectionery brand company that deals in various items such as Chocolates, ice cream, crème eggs, Cookies, and desserts in the international market. |
Price |
In this include the exchange value which are paid by the customers after consuming goods or services. McDonald's set the price according to production activities so they may charge high value of amount of its food material (McDaniel, 2011). They gives various kinds of facilities or services such as sitting arrangements, air conditioner, wash rooms and several services with products. |
CADBURY is a confectionery brand so they are selling chocolates, ice cream, crème eggs and cookies at the marketplace. they charge higher prices on products or services as they use market penetrations, price skimming and cost leadership strategies for setting prices. They consider low price strategy for customers so that they can afford and buy their products. |
Place |
In this consider the particular areas that use for transferring goods or services to the potentials customers. It is necessary to reach at targeted audiences so company make strategies for defining locations and areas to run the business. McDonald's is selling its products at different countries as they focus on developed cities rather than rural areas. |
CADBURY is selling its number of items or goods and services at different location so that they can meet with customers requirements. They consider the distribution networks for delivering their confectionery items. |
Promotions |
It includes promotional tools or strategies that are undertaken by the company to promote their products or services. these are essential in creating brand awareness among targeted audiences (Malhotra, 2013). McDonald's is using several promotional tools or techniques such as commercial ads, television and banners to attracts number of customers ins an appropriate manner. They also focus on considering various aspects for promotion such as seasonal offers, schemes, and combos for providing informations and attracts them. |
Cadbury is also focusing on creating more awareness regarding new products launching or modification in existing products so that customers can satisfy their desired expectations in well manner. They are undertakings various promotional tools or techniques such as advertisement, commercial ads, magazines, newspapers and hoarding so that customers remember this brand and prefer to take these products or services. |
People |
For every business firm, people play crucial role in running business operations and perform entire tasks so that company can achieves competitive advantages in well manner. McDonald's focus on satisfy internal and external customers for building good image. They do not consider Stakeholders for organisational functions. |
In the CADBURY, they consider stakeholders while making decision and taking corrective actions regarding organisation. In this included investors, shareholders, employees and customers who are key people for Cadbury. They provide better training and learning to employees so that better confectionery items can be produced. |
Process |
They follow their procedures or structure for creating goods or services as they use transparent strategies while producing goods or food items so that customer can trust easily on the firm (Birks and Wills, 2013). It will support in winning trust and make better relationship among customers. |
In this, company deals in several confectionery items such as ice cream, chocolates, and crème eggs and desserts so they use their procedures for creating goods or services. they prefer cleanness, good infrastructure and appropriate machinery for manufacturing of products. |
Physical evidences |
In this defines that a proper climate of the company that use for dealing with products or services. McDonald's is a fast food restaurant so they focus on various physical resources to attracts more customers and make feel them comfortable to get better goods or services. they use air conditioner, sitting arrangements, mineral water, wash room, good infrastructure and many other facilities. ' |
They are providing various types of goods and confectionery items at different stores so that they can reach for consuming these goods. They use retail chain, general merchandise and shops for providing products to the customers. |
There must be required to formulate the marketing plan for getting success within organisation. It is an essentials for the firm because it will provide instruction and guidelines to the company for reaching at targeted audiences and achieve predetermined goals or objectives in well manner (Mihart, 2012). A marketing plan is a blue print of marketing activities and function which are going to be perform in the futures. It is beneficial for formulating strategies and actions plans so that company can accomplish goals or targets in more efficient manner. There are some aspects which must be undertake while making the plans such as vision, mission, budget, strategies and many more.
Visions: The vision statement of McDonald's is to provide better quality of goods and services to the targeted audiences by considering their health and safety aspects so that they can become number one fast food company in the world (Novak, 2011).
Mission: The mission statement of McDonald's is to become most famous and customer's favourite restaurant so that they can bes attracted for enjoying delicious food to meet desired expectations.
Objectives:
SWOT Analysis:
Strengths:
Weaknesses:
Opportunities:
Threats:
Marketing Budget:
Marketing budget |
|||||
Particulars |
1st year |
2nd year |
3rd year |
4th year |
5th year |
Initial money |
54000 |
15000 |
15000 |
26000 |
20800 |
Investment |
20000 |
15000 |
16000 |
14000 |
|
Total |
54000 |
35000 |
30000 |
42000 |
34800 |
Marketing expenditures |
|||||
Advertisement |
10000 |
7200 |
6800 |
6500 |
6200 |
Sales promotion |
2200 |
2000 |
5000 |
3000 |
9100 |
Direct marketing |
7700 |
6500 |
2500 |
7500 |
3000 |
Total |
19900 |
15700 |
14300 |
18000 |
18300 |
Available balance |
34100 |
19300 |
15700 |
24000 |
16500 |
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From the above report, it has been concluded that marketing play a vital role in business organisation so that final aims and objectives could be achieved in set period of tome. The report highlights the case of McDonald which is a food chain and a well-known brand in this sector. There are certain role and responsibilities that is played by marketing function and is relation with other department that is present in this company. The importance of the marketing mix is also being highlighted along with the marketing plan is also been underlined.
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