Answer To: SUNDERLAND BUSINESS SCHOOL Assignment Brief Number 1 Submission Format: The submission is in the...
Kuldeep answered on Mar 02 2021
Marketing
Marketing Management
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Contents
Assignment 1 3
Introduction to marketing concept including current as well as future trends 3
Overview of diverse marketing processes 3
Role and responsibilities of a marketing manager in Tesco 4
Marketing influences as well as interrelates with functional units or departments of Tesco 5
Value as well as importance of a marketing role within Tesco 6
Conclusions that emphasized the importance of having efficient interrelationships between diverse functional departments 7
Assignment 2 10
Comparison of the application of the marketing mix in the marketing planning procedure of diverse organizations 10
Developments & evaluation of basic marketing plan 13
Conclusion 16
References 17
Assignment 1
Introduction to marketing concept including current as well as future trends
Marketing for modern business organizations is an important tool; this includes understanding the market, seeking customer needs, profit making, customer-driven market policy and providing quality to customers. Professional organizations are aware of significance of a customer's relationship and they are trying to accept a new approach to their business marketing policies. Under current global market conditions, understanding marketing needs is very high. This mission is based on short hair studies describing a professional organization named Tesco in Australia. Tesco is one of the renowned supermarkets in the UK. He is competing with competitors like ALDI, Woolworths etc. It also offers a lot of services products. It is Australia's retail multinational shop. In this case, the supermarket sells retail items in all categories of customers. After the two super-veterans, Tesco is considered to be Australia's third largest retailer (Tesco 2019). This report focuses and describes the marketing points of the professional organizations of the modern globalization. This report describes the preliminary role of the marketing, the roles as well as responsibilities of the marketing manager and its correlation with the business organization's other work. Secondly, the company's marketing mix is used to attain organizational goals and objectives. In addition, this work also evaluates and develops Tesco's organization marketing plan.
Overview of diverse marketing processes
Marketing planning process:
Situation Analysis: This is very first step for marketing planning process and an important step. This includes business-related environmental analysis and may affect marketing practices.
Marketing mix decisions: Decisions have been properly developed as well as drafted as plans. This marketing mixed program enables marketers to implement the process and evaluate processes efficiently.
Marketing Strategy: Various marketing strategies have been developed to achieve marketing goals set after analysis of industry and market conditions.
Control: This is the last step to help minimize the gap between planning process and actual process. Any variation can be improved by corrective action to move the plan in a right place.
Role & responsibilities: marketing manager in Tesco
The role of a marketing manager can be describe or defined as a role of the professional organization, which helps identify plus to achieve products that can be successful for the market as well as then get encouragement. These features are common in business organizations, including marketing features, customer service, production planning, publicity, sales, development process, finance, etc. The job of Marketing Manager includes the organization's various responsibilities that are responsible for Tesco growth. Marketing functions includes the strategic management, support systems for sales, marketing research, product development, financial institutions, distribution systems, and HR departments. These marketing functions also have diverse roles to endorse the development of professional organizations. The important role as well as responsibilities of the marketing functions is Market Research, money, Communication, Product Development, Planning, Promotion, Distribution, Sales and so on. Marketing managers play a noteworthy role in the business (Lewis, 2013). The organization has close relationship with marketing functions and the other organizational activities. The relationship between marketing work as well as other organizational activities can be understood by explaining that marketing is a part of the business organization, so other department’s moreover functional departments are connected. And this can be defined by repaying the marketing procedures and by effectively implementing other operations of the company. Additionally, if Tesco's marketing team totally wants to give a discount on the large number of purchasing products, for example buying 2 acquired 1 plans, the marketing manager must initially interact with Tesco's finance and production departments. The marketing manager function is a separate entity in a business organization; however every section of Tesco organization and work has been linked to improve the company's profits (Pike, 2015).
Marketing influences as well as interrelates with functional units or departments of Tesco
The marketing concept is divided into 5 major concepts that describe the major and core of Tesco marketing. All these marketing concepts are related to current or future trends in the successful marketing programs. The concepts include in the marketing are: the product, production, sales, marketing as well as societal.
Product Concept: This product concept is totally based on the consumer-friendly vision which sells large quantities of products that are easily available to customers at a lower price. Therefore, the operational capacity of the organization should be focused on improving productivity.
Selling Concept: Customers are attracted by advertising through the way that customers think by the way they think and customers are focused on products as well as services that are actively promoted in a market.
Marketing Concept: Clarifying marketing concept focuses on marketing of products and services to target concepts. Additionally, to face a very competitive market, the institution must provide good products and services. The desire or need to increase the organizations brand value to connect with targeted customers is described in this marketing concept. If the brand value is improved, then the customer will automatically select the brand instead of the other participants in their own market.
Concept of production: Customers focus on choosing and selecting value for money, quality and innovative methods. It is said in the concept that consumers can retain customers through products and services that are beneficial to consumers (McDonald, 2013).
Social Marketing Concept: Social Marketing concept focuses more and more on the desires and needs of the targeted customers, so the customer likes our brands instead of other friends in the market.
Value as well as importance of a marketing role within Tesco
The main role of marketing within the marketing environment explained as follows:
Marketing Information Systems: Provides information about various factors like marketing information system or (MIS) production, planning as well as execution plus control of the marketing strategies.
Market Strategy: Initial part or role of the marketing describes strategies as well as planning of the marketing in business organizations. Tesco’s managers should identify the desires of the targeted customers and accordingly they must provide their services and products for that reason.
Marketing Environment Monitoring: This process plays a significant role in properly identifying all the new developments in a marketing environment, which gives constructive feedback to the products and services of Tesco. This new expansion includes the market characteristics, and socio-economic power, as well as market changes inside and out,...