According to the given scenario, I am as the trainee marking
manager in Coca-Cola. The main task at this post is that I have to write how
marketing interrelates with different parts of Coca-Cola. In this report, there
is an explanation about the critical roles of the marketing and also how these
roles interrelate with other parts of the Coca-Cola Coca-Cola. Then after this,
analyze the essential importance of these relationships in marketing. Then
after this, there is some discussion about the significant elements of the marketing
function and their interrelationship with another purpose of Coca-Cola (Cocacola journey , 2018).
Explain
and analyze the key roles and responsibilities of marketing as a function
This can be defined as the central role of the business
organization that will help the organization to meet business goals necessarily.
This marketing functioning also helps the Coca Cola Companies to identify new
products for their customers also help to promote this product. All of these
functions are too common in different business organizations like Coca Cola.
This is the reason why this Coca-Cola is one of the best in selling its
products all over the world. The functions of marketing is considered as the
best option to provide awareness about the products as well as marketing
research, promotion, and development process sales services, etc. In marketing
functioning, there are some basic functions and also different responsibilities
that are quite essential for the growth of Coca-Cola in a proper way for the
future (Jones & Reid, 2010).
Coca-Cola has to work on this function for its Coca-Cola
growth for the future. In this Coca-Cola, several roles are responsible for the
growth of Coca-Cola. It can be seen that the major roles of marketing
functioning for Coca-Cola are finance, marketing research, communication,
planning, product development selling, and promotion. From the different
marketing functioning, this Coca-Cola is focusing on some functions like buying
selling transporting, storing, and standardization, financing, and marketing
function. Coca-Cola is one of the best Coca-Cola is selling drinking products
all of the worlds. The only marketing function the Coca-Cola is not following is
risk-taking. The reason is that they work on marketing segmentation before
introducing a new product on the market. Coca-Cola always does proper marketing
analysis before introducing any product in the market (Hawkins & Mothersbaugh, 2010).
There is a proper interrelationship between several marketing
functions and organizational functions, and it can be explained as, for the Coca-Cola,
all marketing functions are the main part in which all other departments are
connected with each other in a proper way. Coca-Cola has to back up other
marketing functions when they wanted to introduce any new product in the
market. For this, they must have to make a proper marketing plan. This can be
done from the support of the financial department, sales department, human
resource, and production department of Coca-Cola. Furthermore, it can be seen
that the marketing functions are completely separate entities in Coca-Cola. But
they are linked together for increasing the profit ratio of Coca-Cola in an essential
way. One of the main function of marketing for Coca-Cola is to increase its
ratio of profitability by just increasing the sales of Coca-Cola. It can be
seen that the coca-cola is a multi-international Coca-Cola, and he knows how to
implement marketing functions in their organization. For introducing any new
promotion in their products, the marketing manager has to consult with the
finance department and also the production manager. Through this relationship, Coca-Cola
is able to increase their profit in a perfect way without any disturbance. All
of these marketing functions are extremely important for Coca-Cola to enhance
their business for the future (Jurevicius, 2019).
It can be seen that there is a different function that is
representing marketing function in a proper way; these include advertising
distribution, advertising, and selling products. But all of these activities
are present under the marketing process. The product plan of Coca-Cola can be explained
in this report in various manners, but this portion of the report has analyzed the
function of Coca-Cola. The product, along with Coca-Cola, has been explained in
the marketing plan of Coca-Cola. It provides the details of the products along
with its segmentation and USPs. These key elements of marketing functions are
included research, strategy, product planning, and tactics. By implementing it
in Coca-Cola, it will become extremely easy to make their Coca-Cola stronger
than ever. One of the major functions of marketing is product development that
is also referred as the product plan. The product development is planning by Coca-Cola
by introducing the fruity flavors with the coke according to the choices of the
customers.
References of Coca-Cola Soft drink Company
Cocacola journey . (2018). coca-colacompany.
Retrieved from https://www.coca-colacompany.com/
Hawkins, D. I., & Mothersbaugh, D. L. (2010). Consumer
behavior: Building marketing strategy. Boston: McGraw-Hill Irwin.
Jones, S. C., & Reid, A. (2010). Marketing to
children and teens on Australian food company web sites. Young Consumers ,
11(1), 57-66.
Jurevicius, O. (2019). SWOT analysis of
McDonald's (5 Key Strengths in 2019). Retrieved from
Strategicmanagementinsight: https://www.strategicmanagementinsight.com/swot-analyses/mcdonalds-swot-analysis.html