Job description
Marketing Managers
Job purpose
To plan, direct and coordinate the organisation's marketing policies and programmes — determining demand for its products and services, identifying potential customers, setting pricing strategy and monitoring market trends — so that products sell profitably while customers remain satisfied.
Skills
- Extensive knowledge of marketing strategy and tactics, product demonstration, selling technique and sales control systems, with customer needs assessment, media production and dissemination, the mathematics and accounting behind pricing, markup, return on investment and profit-and-loss projection, the management principles needed to lead a function, and command of written and spoken English. A bachelor's degree is the norm, with a substantial minority holding a master's and a smaller group a first professional degree, together with several years of related experience.
- Works with advertising and promotion managers to formulate marketing activities and policies, consults product development personnel on design, colour and packaging, and consults buying personnel on expected demand. Negotiates contracts with vendors and distributors, confers with legal staff on copyright and royalty questions, and speaks in public at promotional events. Directs the hiring, training and appraisal of marketing and sales staff.
- Identifies, develops and evaluates marketing strategy from the establishment's objectives, market characteristics and cost and markup factors, and sets pricing that balances those objectives against customer satisfaction. Initiates market research, analyses the findings and runs commercial surveys to identify potential markets. Problems are open-ended: demand must be estimated from incomplete evidence and the answer is judged commercially, against competitors.
- Formulates and coordinates marketing activities and policies, sets long-range objectives and the strategies to reach them, and uses sales forecasting and strategic planning to secure the profitability of products and lines. Establishes distribution networks, coordinates promotional activities and trade shows, and oversees the daily activities of marketing and sales staff. Determines tasks, priorities and goals, with product cycles, campaigns and trade events fixing the dates to be met.
- Work is carried out seated at a desk and computer, in meetings and at trade shows. No manual handling or dexterity demands.
Responsibilities
- Manages the marketing function and its staff, directing hiring, training and performance evaluation and overseeing daily activities. Also coordinates advertising, promotion and product development colleagues and external developers over whom no line authority is held.
- Evaluates the financial aspects of product development — budgets, expenditures, research and development appropriations, return on investment and profit-and-loss projections — and sets the pricing strategy on which margin depends. Negotiates contracts with vendors and distributors. Decisions bear directly on revenue and market share, within the objectives set by the firm.
- Ordinary care of a workstation and marketing systems. Influence over goods runs through the product rather than its custody: advises product development on design, colour and packaging, and selects what is displayed at trade shows.
- Owns the organisation's market intelligence: commissions research and analyses the findings, runs commercial surveys, monitors market trends, and compiles the lists describing product and service offerings. Prices, forecasts and product claims are published externally, so accuracy matters.
Effort required
- Analyses market, cost and markup data and research findings against strategy, while pricing and financial projections must be exact. Decisions are frequent, taken under time pressure and often on incomplete evidence of demand, and their consequences reach co-workers and company results. This runs alongside a high volume of contact by e-mail, telephone and face-to-face discussion.
- Persuasion is continuous — of customers, distributors, colleagues and senior management — and conflict situations arise in negotiation with vendors and distributors and over copyright and royalties. The market is competitive and results are visible and attributable. No exposure to distress or aggression is evidenced.
- Predominantly seated indoor work, with movement to meetings and trade shows. No lifting or exertion.
Working conditions
- Indoors and environmentally controlled throughout; no hazard, noise or outdoor exposure is evidenced. Time away from base is spent at promotional events and trade shows. The demand is interpersonal: continuous contact with staff, customers and the public, occasional conflict in negotiation, and public speaking.
- Most incumbents work more than a forty-hour week, and about three-quarters are on a regular established schedule, the remainder irregular and a very small number seasonal; no shift or on-call expectation is evidenced. Time pressure is constant, decisions are frequent and carry through to company results, and the market is competitive. The postholder determines tasks, priorities and goals with wide freedom of decision within objectives set by the firm.