1MARKETING ASSESSMENT Table of Contents Section 1..........................................................................................................................................2 Section 2..........................................................................................................................................9 Part A...............................................................................................................................................9 Marketing Proposal..................................................................................................................9 Marketing proposal and plan overview....................................................................................9 The Business.............................................................................................................................9 The Finances...........................................................................................................................19 Part B.............................................................................................................................................23 Section 3........................................................................................................................................24 Bibliography..................................................................................................................................25
2MARKETING ASSESSMENT Section 1 QUESTION1 Research and explain the purpose of the Australian E-commerce Best Practice Model. (Guide: 1 to 2 paragraphs). The Australian E-commerce Best Practice Model has been formulated in order to provide adequate guidance’s to the various businesses and to enhance the Sovereignty of the customers. It helps in assisting the business to understand the different steps it is required to take when dealing with the customers on the internet.The primary aim of the model can be to ensure that the best practice is largely applied for the use of the business. Moreover, it also functions with the aim of ensuring that consumer confidence in the business can be built and them intent to shop more with respect to the consumer electronic commerce. The Best Practice Model functions with the aim of guiding the industry and the consumer base on the self-regulatory framework. The Best Practice Model has been designed in order to assist the different traders in dealing with both the Australian as well as the overseas customers. Additionally, the model is also assisting the different consumers with respect to the benefit of the electronic commerce and the way they will remain protected in the online business environment.
3MARKETING ASSESSMENT QUESTION2 List 5 codes of conduct, which are relevant to consumer protection in electronic commerce. (Guide: List at least 5) The different codes of conduct which are relevant to the consumer protection can be understood to be as follows: 1. Information provision: it is integral for the different businesses to provide enough information to the various consumers to ensure that an informed decision can be made regarding a transaction. The information must be clearly presented, truthful and capable of being saved by the customers. 2. Language: The Language of the website needs to be such that it can provide clarity with respect to a product or a service. All post sales and presales must be conducted in the desired language of the participant. 3.ContractFormationandFulfilment:Thebusinessesmustensurethat,theconsumer`s agreement to a contract is informed and intentional. In line of this, the firm will be required to see to it that, the consumers are provided with adequate opportunity to cancel the order or exchange. 4. Online privacy: The businesses are required to have an online privacy in place, and they will be required to adhere to principles with respect to the personal information. 5. Security of Payment and Personal Information: The registered businesses would be required to ensure that the personal information of the customers is maintained and that the Payment is made in a secure manner. QUESTION3 It is important that you understand Australian and International standards when managing international marketing activities. Research the following standards and give a brief explanation on each. (Guide: 1 to 2 paragraphs). StandardExplanation Environmental standards The ISO 14001 is the internationally agreed standard which is the Environmental Standard which sets out the different requirements for an environmental management system. It assists the different firms in improving their overall environmental performance by making use of the different resources and tools in a manner such that it leads to the overall reduction of waste and the firm can gain the trust and the competitive advantage of the stakeholders. The Palazzo Versace Gold Coast is required to ensure that it is
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4MARKETING ASSESSMENT successfully able to follow the ISO 14001 for excellent services. Australian standard or legislation for environment: The Environment Protection and Biodiversity ConservationAct1999 ( EPBCAct) Human rightsThe Human rights and Equal Opportunity Commission Act of 1986 has been defined as the act which looks out to ensure that there does nottakeplaceanydiscriminationregardinganyindividuals. Moreover, the plan is also required to ensure that, the discrimination does not take regarding the grounds of the race, nationality, colour, ethnic, origin, age, gender and other records. The Palazzo Versace Gold Coast would be required to ensure that the different staff members of the customers are respected and are not mistreated. International standard for Human rights:The Human rights and Equal Opportunity Commission Act of 1986 Labour relationsThe International Labour Organization is the organization which is largely responsible for maintaining the overall about relationships and in order to see to it that the firm is successfully able to maintain strong relationships with the different labourers who are present. Moreover, Fair Work Act of 2009 is also one of the acts which are considered.Underthisact,aspectslikePay,Leave,ending employment and other aspects are taken care of. The Palazzo Versace Gold Coast staff would be treated well under this legislation Foodlabels PackagingThe FSANZ is the act which is generally followed with respect to the organizations in Australia. It stands for Food Standards Australia New Zealand and seeks to ensure that the different firms as present in the country are looking out to implement the right kind of acts in the right manner.
5MARKETING ASSESSMENT Risk managementTheISO31000istheRiskManagementLegislativewhichis generally followed by the different organizations as present. Under this risk management legislative, the different firms are required to facilitatecontinuousimprovement,considerculturesandhuman factors, undertake Systematic structured and timely and additionally engage in proper decision making. The Palazzo Versace Gold Coast would be requiring applying this legislation successfully to see to it that they are prepared for any possibilities in the long run. Australian legislation or standard for Risk Management:ISO 31000 QUESTION4 Cameron Jones has just gained employment working for an Australian Motel chain, which has recently opened an outlet in China. Discuss how Cameron can gain a good understanding of the Japanese culture. (Guide: 1 paragraph) In order to ensure that Cameron will be able to gain a good understanding of the Japanese culture, it is crucial that, he will be required to become more self-aware which will help him in workingout one`sown beliefsand understand valuesand personalbiases. Additionally, communication with an individual belonging to the other culture can also be taken to be a way in which the communication can be undertaken. Undertaking research from the Internet and other related means can also be understood to be integral ways of communication and lastly, travelling is the key to understand the cultural difference. QUESTION5 You are investigating opportunities to open a chain of hotels in Australian and Asia.Research and investigate global and country specific: economic, social and industry directions With respect to Asia, the economic, social and industrial directions can be understood to be related to the hospitality industry can be understood to be related to the overall development of
6MARKETING ASSESSMENT the country. Regarding this, it can be rightfully mentioned that Asia is performing well, and its overall competitive growth has been increasing. Therefore, with respect to this, the country would be suitable for expansion due to the growing economy. Australia also has a considerable growth scope and with respect to this, the firm would be required to ensure that if it wants a stable economy, it can open in Australia. Trends, practices and techniques in terms of the hospitality industry (Guide: List at least 3 trends). The various trends in the Hospitality industry can be understood to be as follows: 1.The Artificial intelligence forms a crucial part of the organization. Any firm which wants to ensure success in the long run would be required to engage in Artificial intelligence for the business operations. 2.Personalisation is the key to success and hence, the hotels would also be required to engage in better operations 3. Healthy and organic food drinks have become the latest trend. QUESTION6 Research and explain how the following the key provisions of relevant legislation from all forms of government, codes of practice and national standards within Australia and internationally may affect your business operations.Record your answers in the table below. (Guide: 1 to 2 paragraphs for each point). Key provisions of relevant legislation Explanation Anti- discrimination legislation The anti-discrimination legislation will impact the business operations by seeing to it that the firm is able to hire employees from all backgrounds and that it does not discriminate with respect to any individual. The Palazzo Versace Gold Coast would need to follow the legislation in terms of taking bookings and hiring the staff Australian Act:Racial Discrimination Act1975. SexDiscrimination Act1984. International :China has no separate law for the discrimination. Consumer laws The firm would be required to see to it that it is able to look out for
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7MARKETING ASSESSMENT the different customers in a better manner and be able to attain long term success. The firm, The Palazzo Versace Gold Coast would be required to see to it that the consumer laws are always protected. Australia:Trade Practices Act 1974 China :Consumer Protection Law Ethical principlesThePalazzo Versace Gold Coastwould not be able to engage in any unethical practices and hence, the confidence of the customers in the firm will increase and improve to a great extent. Australia:AustralianInstituteofHealthandWelfare (EthicsCommittee) Regulations 2018 China: No such law. Extra- territoriality provisions of the TradePractices Act This will have a limited impact on the operations of the firm by seeing to it that the firm will not be able to engage in any foreign business- related aspects.The Palazzo Versace Gold Coast must follow it while planning for expansion. Foreign investment limits This will allow the firm to remain limited in its investments and be required to make efficient use of the resources. The legislative framework includes the Foreign Acquisitions and TakeoversAct1975(Act)andtheForeignAcquisitionsand Takeovers Fees Impositions Act 2015 (Fees Imposition Act) Labour laws
8MARKETING ASSESSMENT The Fair work act 2009 protects the workers and ensures that the firm will not be able to mistreat the different employees.The Palazzo Versace Gold Coast would be required to apply it to ensure success and fair work to the employees. Australia:TheFairWorkActof2009replacedtheWorkplace Relations Act of 1996 China: Employment and Labour Law 2019 Legal aspects of bilateraland multi-lateral trade agreements This will limit the tariffs and subsides which the firm is bound to achieve and regarding this, it is important to ensure that, the firm is able to carry out the trade prospects in the right manner. •Australia–New Zealand (ANZCERTA or CER) — 1 January 1983 •Singapore–Australia (SAFTA) — 28 July 2003 •Australia–United States (AUSFTA) — 1 January 2005 •Thailand–Australia (TAFTA) — 1 January 2005 •Australia–Chile (AClFTA) — 6 March 2009 •ASEAN–Australia–New Zealand (AANZFTA) — 1 January 2010 •Malaysia–Australia (MAFTA) — 1 January 2013 •Korea–Australia (KAFTA) — 12 December 2014 •Japan–Australia (JAEPA) — 15 January 2005 •China–Australia (ChAFTA) — 20 December 2015 Privacy laws The privacylawswilllimittheaccessof thefirmnot various operations and see to it that the firm is able to carry out the operations successfully. The hotel would be essentially required to follow laws under the OECD Guidelines on the protection of privacy and transborder flows of personal data. ThePrivacy Act1988 is the Australian Privacy Law Taxation laws The taxation laws would make it compulsory for the business to follow the various taxation legislations and undertake the various businesses with respect to the fact that all the taxes are paid on time and in a timely manner. The hotel charges just source-based tax
9MARKETING ASSESSMENT Australia:IncomeTaxAssessmentAct1997(ITAA1997),and theFringe Benefits Tax Assessment Act 1986. China: 2018 IITLaw WorldTrade Organization (WTO)dispute resolution system This shall enable the business to see to it that, all disputes amongst the different business organizations are settled within themselves and by following the various laws and legislatives related to the business accordingly. The different agreements they might be required to follow is as follows: Reduction in trade tariffs Anti-dumping laws
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10MARKETING ASSESSMENT Section 2 Part A Please note that the country for expansion has been selected as China. Marketing Proposal Field Business logo Your nameDonatella Versace. Your titleOwner Business namePalazzo Versace Gold Coast Main business address 94 Seaworld Dr, Main Beach QLD 4217, Australia•+61 7 5509 8000 ABN44 361 445 048 Marketing proposal and planoverview The Business FieldExplanation Business namePalazzo Versace Gold Coast Business structureSole proprietorship Business locationQueensland Australia Date establishedYear 2000 Business owner(s)Donatella Versace Relevant owner experience No experience
11MARKETING ASSESSMENT Products/services200 hotel rooms 72 privately owned apartments 600-seater ballroom Bars Restaurants Versace retail store Business overview FieldExplanation Business overviewThe business which has been chosen is a hotel. The hotel is a 5-star hotel and deals in providing services to both businessmen and tourists who aim to enjoy the hotel and have a nice time ensuring that they can avail the services. Situated on Gold Coast, the hotel is a hit with the tourists who want to ensure a good experience. The Future FieldExplanation Vision statementThe vision of the organization is to open various branches outside the country and in line of this be successfully able to serve many international as well as local tourists and other such guests who want to experience world class hospitality. Goals/objectivesShort term Goals: 1.Increase the number of customers 2.Increases services provided Long term Goals: 1.To open a branch in all the continents 2.To increase the revenue of the firm. The Market – Australia FieldExplanation Target marketThe target market of the firm can be expected to be the various businessmen who often travel the country and want to enjoy a wholesome experience. The different tourists as well as the general crowd who enjoy the luxurious experiences of the hospitality are the target market. Marketing strategyApart from Gold Coast, the firm aims to advertise using traditional means and be able to make the services popular and develop various branches in nearby cities built on brand strategy. The Market - Other countries(China) FieldExplanation
12MARKETING ASSESSMENT Target marketTourists Business personnel Marketing strategy China The plan which has been adopted for the marketing strategy can be understood to be to enter the market through targeting various cities in China and then in line of this, using various traditional as well as modern means of marketing to make the firm popular. SWOT analysis FieldExplanation S.W.O.T. analysis table Strengths:Good brand image, adequate resources, good location. Weakness:Lack of adequate experience. Opportunity:Expansion to other countries. Threat: Various competitors in the market with established branches worldwide S.W.O.T. activity sheet Weakness: In order to overcome the weakness, industry experts will be hired who can assist the firm in performing well Threat: Differential marketing techniques will be applied to attract more customers. Product/services FieldExplanation Product/services table Ball room Rooms and Suites Condominiums Restaurant and Bars Meetings and events Market position In Australia In other countries (list the courtiers) The products which are offered can be taken to be high end in the market and additionally, they are of five-star quality. The positioning of the hotel can be taken to be among the top 10 in Australia. Around the world, the positioning can be taken to be among to 50. Presently, the hotel is present in Dubai Market position In other countries (list the courtiers) In the other countries, the competition can be taken to be Shangrila, Hilton, Marriot and Taj The hotel shall compete with them using service quality. The country is China and the firm aims to ensure that it is able to provide them with a luxurious experience.
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13MARKETING ASSESSMENT Unique selling position The hotel will be offering a unique artificial experience to the different customers which will allow them to ensure that they are successfully being able to engage in considerable opportunities for long term success and be a new experience to the customers. Ball room Rooms and Suites Condominiums Restaurant and Bars Meetings and events Anticipated demand The tourism and hospitality industry have been performing well and therefore as globalisation has also been increasing, it can be considered critical for the business to get high demand. Hence, the demand can be understood to be reasonably high Total retail value of the globalhotel industry: USD 500 Billion in 2018. Growing at 6-7% in 2019 Pricing strategyThe pricing strategy which is being followed by the firm can be understood to be the price skimming strategy. Additionally, the prices have been kept in line of the different competitors of the business and along with this will ensure that the competitive laws are followed. Value to customerThe products can be a luxury to the different customers. Growth potentialThe business is expected to grow at an anticipated rate of 20% in the coming 3 years with the increase in services being offered. Sales/marketing personnel FieldExplanation Sales/marketing personnel table Currently the firm employs various employees like the managers, departmental heads, waiters, cleaners and security. The chefs have also been hired. Along with this, a separate staff base is present for the room service. The Future FieldExplanation Vision statementIn the future, the firm aims to engage in ecofriendly ways of operations and contribute to the environment. Mission statementThe mission of the firm is to ensure sustainable operations at all levels.
14MARKETING ASSESSMENT Goals/objectivesShort term goals: Engage in customer satisfaction Increase the popularity of the business Long term goals: To increase revenue To be among top 3 hotels around the world. The Market FieldExplanation Unique selling position The business shall be unique in the market as it will start using sustainable technologies to conduct the business and ensure long term success with respect to the same. In line of this, the AI will enable that the operations are carried out well. Your customers/clients FieldExplanation Customer demographics Age: 18 to 70 Gender: All Social status: Upper Middle class to Higher class Education: Not a factor Attitudes: Fun loving, relaxation Lifestyle: Luxurious Interests: The guests who like to enjoy a good time on a holiday Located all around Australia and other parts of the world. Key customersThe target customers at the business can be expected to be: The Businessmen who like to travel often and aim to ensure that they are successfully being able to engage in an association with a good hotel. Luxury tourists: These are the tourists who like to travel in style and ensure that they get the best service. Customer management The customers will be communicated with by a CRM Manager personally. Moreover, the social media marketing will also be used as a tool to communicate with the different customers as present to ensure long term success. Competitors FieldExplanation
15MARKETING ASSESSMENT Your competitorsThere are various competitors like the Shangrila, Hilton and others who have offerings in the same country. Competitor details table Competito r name Establi shed date: Size: Numb er of staff and/or turnov er Mar ket shar e (%): Value to customer s: Strengt hs Weakness Hyatt Regency 199145000 emplo yees 20%Great amenities Good brand name Poor communi cation strategy Ovolo Woolloom ooloo 2002350010%Good brand image and pricing Popula r Poor service to the customers Shangrila Sidney 20033050020%Good establish ments World wide popula rity Poor amenities Hilton Adelaide 184985010%Old world charm Brand image Poor reviews Crowe Plaza 20155005%Vibrant and economic al Good culture Poor service Market research Australia Secondary analysis was undertaken for the research. Internet and other magazines served as the main source of information. Supply of rooms is growing by 2%,demand is growing by1.8% and hence overall occupancy is -0.2%
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16MARKETING ASSESSMENT Market research Other countries Secondary analysis was undertaken for the research. Internet and other magazines served as the main source of information. Market targets Australian The sales target which the firm has decided itself domestically can be taken to be to serve at least 100 new customers in a day. In this way, the firm will be able to become popular. Market targets International The firm aims to serve at least 20000 customers annually in the international markets of China.
17MARKETING ASSESSMENT Environmental/ industry analysis Marketing strategy Australia And overseas (China) The marketing strategy involves using a mix of the traditional marketing mediums like Billboards, print media and other means along with the new mediums of marketing like social media and direct marketing. Marketing activity/milestone:Print advertising, online advertising, mail- out, giveaway, media release, event, website, blog/social media, public relations, branding and artwork, or publications and catalogues. Person responsible:The marketing manager is expected to engage in the responsibility. Date of expected completion: Within a span of a year. Cost ($)64000(Budget attached) Success indicator: Market research needs to be engaged in Advertising & sales FieldExplanation Advertising and promotional strategy table\ Australia Advertising and promotional strategy table (Australia)
18MARKETING ASSESSMENT ChinaPlanned promotion/advertisi ng type: Promotion al strategy Expected business improveme nt Cost (AU D) Target Date social media campaign Socially active customers Increase in market share by 5 % 150020th Septemb er 2019 Television advertising Customers who are not socially active Increase sales by 5% 200030th Septemb er 2019 Advertising and promotional strategy table (Oversees)china Planned promotion/adverti sing type: Promotio nal strategy Expected business improvem ent Cost (AU D) Target Date Advertisement in public transport i.e. Trains and buses Majorly popular Increase in brand awareness by 10 % 3,00015 Septemb er 2019 to 25th Septemb er, 2019 Events in local areas People would engage in the event Increase in market share by 5% 200037thto 30th Septemb er BlogsDigitally active Increase the sales 1000Whole of October
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20MARKETING ASSESSMENT Sales strategy Marketing strategy (Australia) Marketing activity Person responsible Dateof expected completio n Cost (AUD): Success indicator Participating in an Event Marketing manager 20 September 2019 2000Numberof peoplevisit counterfor information onproduct andservice during event. Publishing on social media General manager 24 September 2019 1000Thevisitsto thewebsite will increase Print mediaMarketing manager 30 September 2019 2000The enquiries will increase Television advertisemen t Marketing manager 30 September 2019 2500The visits will increase Marketing strategy (China) Marketing activity Person responsible Dateof expected completion Cost (AUD): Success indicator BlogIT staff18 September 2019 100Numberofpeople like and respond to the blog Social media advertising Social media manager 20 September 2019 300Number of visits to the web page Newspape r print ads Marketing manager 20 September 2019 $4000Thenumberof bookingsand enquiries.
21MARKETING ASSESSMENT Sales and distribution channels table Channel TypeProducts/servicesPercentage of sales Online BookingHotel Rooms/35 % On spot bookingHotel booking35% AgentHotel booking30% The Finances To complete the finances portion of this marketing proposal, you should rely heavily on your financial statements and projections. The business.gov.au Business plan template available atwww.business.gov.au/businessplancan provide you with a start-up costing, balance sheet profit and loss, cash flow and a break-even analysis template. Budget overview Please note that students can develop different budgets and then put them into one. Budget for Australia Breakeven sales: $1,16,05,002.76 year 1 Start-up expenses: $13,59,225 First four-year profits: $1,16,05,003$2,34,43,808$3,57,61,059$4,88,25,487
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22MARKETING ASSESSMENT Budget for selected country / countries(China) Marketing activitiesStart DateEnd DatePerson responsible Budget (AUD) Marketevaluation including research on legal and other requirements 1thAugust31thAugustMarketing manager 35,000 Secondary Market research1stSeptember15thSeptemberGeneral manager $4000 Print media advertising16th September 21stSeptemberMarketing manager $5000 Events and sponsorships21st September 30thSeptemberEvent manager$30000 Social media marketing16th September 5thOctoberSocialmedia manager $15000 Digital marketing6thOctober10thOctoberDigital marketing manager $10000 FieldExplanation PriceThe pricing for the products has been kept keeping in mind the price of the competitors. In this way the business will be successfully able to compete in the business. Expected salesThere are various seasonal influences, but it is expected that the sales will be high during holidays
23MARKETING ASSESSMENT Marketing budget [YEAR] table Marketing activitiesStart DateEnd DatePerson responsible Budget (AUD) Marketevaluation includingresearch on legal and other requirements 1thAugust31thAugustMarketing manager 35,000 SecondaryMarket research 1st September 15th September General manager $4000 Printmedia advertising 16th September 21st September Marketing manager $5000 Eventsand sponsorships 21st September 30th September Event manager $30000 Socialmedia marketing 16th September 5thOctoberSocialmedia manager $15000 Digital marketing6thOctober10thOctoberDigital marketing manager $10000 Monitoring/measurement activities FieldExplanation Monitoring/ measurement activities table Marketing activities Date of Review Monitoring method Person responsible Budget (AUD) Marketevaluation includingresearch on legal and other requirements 10th November Reporton theresearch progress Marketing manager 200 Measuringonline successofthe different activities 15 November Increasein followers Social media managers 1000 Checking up with daytoday promotional levels 20thto30 November Increasein business General manager 1500 Supporting documentation QuestionExplanation Supporting documentation D:\bplan.xlsx
24MARKETING ASSESSMENT Part B 1.Communicate the organisation’s marketing objectives. The communication of the organization goals and marketing objectives will take place on a regular basis with respect to the fact that, all employees must always be aware of the initiatives. This helps in improving productivity. 2.Makesurethatwhencommunicatingmarketingobjectives,youmusttakeyour organisation’s culture, customs, and levels of knowledge, experience and needs of personnel. The customs and culture form an integral part of the organization and in this scenario, the firm ensures that the different needs of the personnel are met with in the right manner and that the firm is successfully able to instil the right values. 3.Discuss, identify and gain agreement from the staff on the roles, responsibilities and accountabilities of staff and contractors involved in all elements of marketing effort in consultation with the staff members. Every week, there are meetings which help in the discussion of the staff values and the cultures. Along with it, each employee is provided with designated goals and related objectives which help them in engaging in long term success and completion of tasks. 4.Discuss and document what communication strategy you are going to use to ensure that personnel responsible for each element of marketing mix such as pricing, design, quality, safety features, promotion, distribution, etc. work together to meet your organisation's marketing objectives. For each of the elements of the marketing mix, it needs to be note that, the communication will be documented digitally, and a proper chain of command shall be followed to ensure success. 5.Discuss how your marketing effort will ensure that it is directed towards areas of greatest potential for your organisation. The marketing effort will utilise the best effort of the firm by engaging in substantial research regarding the capabilities of the firm to ensure that, the effort brings about the best results. 6.Explain how you are going to manage integration of marketing, promotional and any sales activities in accordance with international marketing objectives. The marketing, promotional and other engagement activities are going to be managed with the help of regular monitoring and control plans.
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25MARKETING ASSESSMENT Section 3 1.Monitoring forms an integral part of the marketing proposal and in relation to this, it is very integral for the business to ensure that it is successfully able to engage in an effective monitoring plan regarding the products, services, distribution, pricing and other related policies in order to bring about the changes to the market and to meet up with the marketingandorganizationalobjectivesaswell.Hence,certainKeyperformance Indicators like the Net sales, the Marketing ROI, the Customer served, and other related indicators can be measured successfully in order to ensure that the given plan fulfils these objectives of the firm. 2.In order to see to it that the plan would be able to meet the marketing progress against certain set performance targets which were laid out in the proposal, a new committee is set up and formed who will ensure that the plan is successful in the long run. These members in the committee will be constantly reviewing the progress of the plan and match it against the set targets which would contribute towards understanding whether the activities cost, and quality can be achieved or not. 3.Themarketingoutcomesandobjectiveswillbereviewedandrevisedbasedon continuous audit systems. It can be rightfully mentioned that the plan will be analysing the actual performance of the plan and then compare it to the planned performance. In line of this, it will also be underlying the exact way the actual performance deviates the planned action. In this way, the objectives will be monitored regularly and in line of this, the results for the firm can be achieved. 4.The successes and performance gaps will be accessed to continuous key performance indicators. This means that, as mentioned previously, the performance gaps between the actual performance and the expected performance will be measured and programs to revive the marketing performance can be devised which can be used to engage in better program 5.The changes in the marketing landscape will be examined with the help of external market analysis. Both the internal as well as the external methods of the analysis can be undertaken and in addition to this, it will be helpful in finding out the manner in which, the other firms in the market have been performing and the needs of the different consumers can also be understood in the right manner. Through the mediums of survey, the views of the employees can be gathered which contributes towards understanding how the firm will performing the long run and the steps it can take to improve it. 6.The Key performance indicators and performance against the marketing performance will be managed and used with respect to the documentation through the management information database. This will assist in ensuring that all the departments present in the firm will be successfully able to measure the performance and be able to work towards a common goal. Sales reports, online charts and milestone charts must be prepared.
26MARKETING ASSESSMENT Bibliography Bagozzi, R.P., Rosa, J.A., Celly, K.S. and Coronel, F., 2018.Marketing-Management. Walter de Gruyter GmbH & Co KG. Baker, M.J. and Saren, M. eds., 2016.Marketing theory: a student text. Sage. Chu, Y., Tang, L. and Luo, Y., 2016. Two decades of research on luxury hotels: A review and research Agenda.Journal of Quality Assurance in Hospitality & Tourism,17(2), pp.151-162. Gummesson, E., 2017. From relationship marketing to total relationship marketing and beyond.Journal of Services Marketing,31(1), pp.16-19. Homburg, C., Jozić, D. and Kuehnl, C., 2017. Customer experience management: toward implementing an evolving marketing concept.Journal of the Academy of Marketing Science,45(3), pp.377-401. Kerin, R. and Hartley, S., 2015.Marketing: the core. McGraw-Hill. Knox, A., 2016. The temporary agency work industry and its regulatory environment: Evidence from Australia. InTemporary Agency Work and Globalisation(pp. 117-148). Routledge. Kotler, P., Burton, S., Deans, K., Brown, L. and Armstrong, G., 2015.Marketing. Pearson Higher Education AU. Nimri, R., Patiar, A. and Kensbock, S., 2017. A green step forward: Eliciting consumers' purchasing decisions regarding green hotel accommodation in Australia.Journal of Hospitality and Tourism Management,33, pp.43-50. Palazzoverspace.com 2019. Australia [online]. Available at:http://www.palazzoversace.com/ (Retrieved on 16. 09 2019) Patiar, A. and Mia, L., 2015. Drivers of hotel departments' performance: evidence from Australia.Journal of Human Resources in Hospitality & Tourism,14(3), pp.316-337. Patiar, A., 2016. Costs allocation practices: Evidence of hotels in Australia.Journal of Hospitality and Tourism Management,26, pp.1-8. Tan, J., 2015. Impacts of service innovation in the Australian luxury hotel sector.CAUTHE 2015: Rising Tides and Sea Changes: Adaptation and Innovation in Tourism and Hospitality, p.726. Tourisminvestment.com 2019. Research Insights [online]. Available at: http://www.tourisminvestment.com.au/en/research-insights/hotel-performance.html(Retrieved on: 16. 09 2019)