Thursday 28 May 2020

Marketing Management Functions

The tasks and responsibilities of Marketing Management Functions are pretty clear. These functions deal with business strategy, advertising, research and development, customer service, marketing, and sales. They all focus on helping companies to develop and maintain their customer base. They provide organizational, as well as functional, support for all marketing functions within a company.
Marketing management functions are not the same for every organization. A company can have several marketing roles. These roles might include:
Advertising Sales Management: Here, an ad group makes decisions about advertising. It focuses on buying decisions, making recommendations to executives on how to conduct their advertising campaigns, and making suggestions about advertising needs.
Sales Management: This role is responsible for managing sales, working with suppliers, and making decisions about working capital to boost sales. It oversees the creation of new products and services, as well as choosing which ones to market.

Marketing Account Executive: Here, a marketing manager coordinates all accounts for a company and gives them direction. The person is responsible for creating plans, setting goals, and defining the services that a company needs to survive.
Business Analyst: Here, a business analyst looks at business data and advises the sales department on what is working and what is not. The purpose of this role is to tell the sales department exactly what to do in terms of marketing strategy.
Product Manager: Here, a product manager deals with product development, making sales decisions, and product design. It includes planning, purchasing, and producing the product.
Marketing managers oversee these roles and report to senior level executives. For example, a sales manager may report to the CEO, while a marketing manager reports to the company's marketing director.
Marketing managers also have responsibility for day-to-day marketing activities. These may include advertising, managing plans, and making presentations. In some cases, marketing managers may work with executives to create advertising and marketing strategies.
There are a number of ways in which marketing managers manage their marketing activities. Some of these activities may include:
Finance: All finance activities are managed by the finance manager. Finance activities include budgeting, estimating, project management, financial and project planning, and financial accounting. They also perform the responsibilities for reporting and analysis, as well as overseeing the sales, finance, operations, and human resources departments.
Public Relations: The Public Relations Manager manages public relations activities. It includes public relations, target media, client relations, and social media management. They make decisions about the strength of media messages and potential miscommunication and bad public relations.

No comments:

Post a Comment