Marketing Principles Assignment with “McDonald” (GC0340)

1.0 Introduction

The productive marketing campaigns, as well as strategies, are dependent on a business’s success. Consequently, as Lorette (2014) notes, an organization must clear the idea of marketing as well as its principles, and need to employ properly in the business forces. This note has explained as well as evaluated several conditions of marketing build on an individual organization named “McDonald”.

Company background (McDonald’s)

McDonald’s is a well-known brand in the world’s cafeteria business. It was established in 1954 by 52 years. It was named by an old salesman called ‘Ray Kroc’ in the US. It has been developing fast achieving active brand demand as well as reaching the current strength in the international restaurant business. It helps lots of consumers regularly in its higher than 33,000 restaurants by about 1.5 million devoted or faithful working classes. McDonald’s is higher well-known in the US as well as the EU.  The employment of the world due to its fresh alternate like fruits, wraps, salads.

The important goods of McDonald’s are desserts, sweets, breakfast items, hamburgers, chicken products, cheeseburgers, several kinds of hot or soft drinks according to (McDonald’s Corporation, 2014). McDonald’s is achieving a 13% sales profit alone in the fast restaurant association. Where its seven key candidates are achieving only 47% of total sales profits. The major candidates of McDonald’s in the UK are Greggs, SubWay, local as well as high street restaurants, Prêt Manager, Burger King, Star Bug, combining Indian restaurants as well as local supermarkets like Co-operative, Sainsbury, Tesco, Morrison, ASDA, etc. McDonald’s are applicable in customer’s advantage places combining visiting spots, Bus stops,  parking areas, motorways, close to historical places,  Tube, Undergrounds as well as places where people come for leisure and recreations, shopping malls, high streets,  as McDonald’s Corporation (2014) notes.

1.1 Various elements of the marketing process

What is marketing?

As Kotler (2012) notes, marketing assigns to social as well as managerial systems by which groups and persons achieve what they hope as well as demand through making as well as transferring goods or joined numbers with others. This is a managerial system created as well as an instrument by a particular or group organization. The main motives of marketing are to meet demands as well as hopes of the advanced organizations through developed sales targets as well as raised profit and minimize costs, changing demands and hopes of others, market share, particular, and groups.

Marketing Process Model

The marketing system in the coming model shows marketing’s regulations as well as actions in organizations, and the actions impacting the marketing strategies. In the center of the marketing system, a marketing main goal is customers. Coming to the aim consumers marketers determine the marketing mix combining place, price, product, as well as promotion. The marketers concentrate on marketing planning systems combining implementation, analysis, control, as well as planning. The marketer’s importance on main shareholders combining marketing suppliers, the general public, intermediaries, and competitors. Lastly, the marketers focus on business local environmental sectors combining economic, political, technological, social, environmental, legal affairs as Kotler et al. (2012) note.

Marketing planning process

Benefits and costs of a marketing orientation for McDonald’sAs Kotler et al. (2012) note, the marketing planning system combines five levels shown in figure 1.4: These are- implementation, analysis, plan, optimizations as well as control. In the early impression, marketers have to determine the overall market condition combining internal as well as external environmental factors of the business.  Marketers demand to create ideas concentrating on business motives as well as purposes to meet organizational aims. The undertaking ideas have to be instrument appropriately so that they work effectively as well as effectively. After that, the marketers have to guide as well as classify the achievement of completed marketing ideas to amount their influence as well as to maintain depend on business achievement. Lastly, marketers demand to develop marketing ideas in changing the demands of the business.

What is the marketing orientation?

A business can be consumer-oriented, sale-oriented, market-oriented, as well as product-oriented. As Kotler et al. (2012) note, marketing direction invokes the organization’s philosophy that concentrated on data out as well as meeting the customers changing demands or beliefs through the organization’s marketing mix. Marketing direction works in reverse seeking individual goods as well as services to meet consumer needs. Marketing direction is examined like a co-ordinated marketing movement among businesses as well as its customers. That supports an organization to modify its market direction to exist in the competing market, or an increasingly international direction as well as consumer other option’s environment.

Benefits of marketing orientation

As Kokemuller (2014) notes, the marketing director of an organization work as a basic driver of business choices to meet customer demands as well as ideas through more concentrated products or focused strategies. Further, its organization can find out what the consumer demand that creates able to market the goods as well as services more efficiently as well as regularly. In addition, marketing direction through good acceptance as well as transferring can give long-term effectiveness to the business. This supports businesses to achieve a developed market share with maintained consumers developing consumer honesty. Lastly, it helps the organizations to achieve competing benefits as well as to maintain in the competing marketplaces.

Cost of marketing orientation

For inserting a productive market direction, a marketer wants to use a large quantity of money. First, for a developing market direction organization demands expertise as well as trained workforces.  Therefore, organizations demand to provide a lot in employ as well as a collection of skilled people, in training as well as improvement of the workforces, and to contain the talent, skilled as well as experienced people through charming work appraisals as well as motives systems as Robertson (2005) notes. Second, the business demands to co-operate as well as co-ordinate several functional groups, have the quality the affairs maximized in workforce struggles, that cost a lot as Wong et al (2009) suggest. Lastly, for making a develop market direction organization wants to improve a professional culture as well as organizational behaviors, that are cost-productive as well as time absorbing as Morgan (2010) notes…………

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