Table of Contents INTRODUCTION................................................................................................................................3 MAIN BODY.......................................................................................................................................3 Task1....................................................................................................................................................3 P1Investigate the different cultural, social, personal and psychological factors that influence consumer behavior and attitudes within a hospitality context.........................................................3 P2 Explore how consumer trends are changing due to the impact of digital technology................4 TASK2..................................................................................................................................................5 P3Examine the stages of the consumer decision- making journey and map a path to the purchasing for a given hospitality service........................................................................................5 P4Explore why it is important for marketers to map a path to purchase and understand consumer decision- making in the hospitality sector........................................................................................6 TASK 3.................................................................................................................................................7 P5 Comparison of B2B and B2C regarding the decision making in the hospitality sector.............7 P6Evaluate the different approaches to market research and methods of research used for understanding the decision-making process.....................................................................................9 TASK4................................................................................................................................................10 P7Evaluate how marketers can influence the different stages of the hospitality decision-making process giving specific hospitality examples.................................................................................10 CONCLUSION..................................................................................................................................11 REFERENCES...................................................................................................................................12 Books and journals.........................................................................................................................12
INTRODUCTION In current business era, it is identified that hospitality industry is changing regularly which is impacting to organization. this sector is providing number of services to customer which include accommodation, lodging, car parking, events hosting etc. a consumer behavior insight can be defines that function which is related using appropriate ways which will helps in performing function in order to satisfy needs and requirements of customers and helps in achieving business objectives. In relation to current report of is based on study of Hallmark Hotel. It is group of hotel which is headquartered in United Kingdom. Under this report there is discussion about various factors which are related to perform of function and use of customer behavior to achieve business objectives. These is also use of number of factors which are comparison between B2C & B2B and different approaches & methods of market research. MAIN BODY Task1 P1Investigate the different cultural, social, personal and psychological factors that influence consumer behavior and attitudes within a hospitality context Business environment can be defining as that function which is related to use of those function which impact on performer if business activities a will helps in achieving business objectives. This is analyzed that there are number of factors which can be use to achieve business objectives and has to management in order to maintain profitability level in this. Some of these functions are discussed below: Cultural factors-This is most prominent factors which is related to organization function and customer decision. In context of this, culture include number of factors which are shared belief’s, religion etc. This is essential for organization to use them and achieve business objectives. For instance, there are different type of culture which helps in organization in performing their function and using them according to needs and requirements. This is helps in changing function and performing function in appropriate way. Social factor- There are number of social factor which are directly related to organization function and impact on performance of firm. This is identified business organization has to make regular check on these social factors. In current business, most some of these elements are involves society, communities, perception of people, etc. In odder to meet requirement organization needs to perform it function ad identify these trends in appropriate way so that i an achieve business objectives and perform function in appropriate way.
Personal factor-this are used under the approach which impact behavior of customer in market in which organisation in performing. Under this they impact on performer of firm where it needs to use this in accordance with current society. It includes functions such as income, status, life cycle etc. this is essential for organization to use these function and manage resources in accordance to business function. Psychophysiological factor-This is related to current mind set of different individual which is related to business function and leads to achieving business objectives. This is identified that there are number of factors which has tobe manage in accordance with behavior of other individual and achieve business objectives. This is also important for chosen firm to take corrective actions which include thinking and set mindset of various functions. It can be evaluated from above stated information that there re number of factors which are related to customer behavior in business environment and leads to changes in organization function which has to be use accordingly. This is also analyzed that all these factors are mandatory for firm to use and perform in effective way. P2 Explore how consumer trends are changing due to the impact of digital technology In relation to current business environment, this is analyses that there re number of trends which are related t use of digital tolls and technology which will impact on performer of organization and using function according to it. This is also analyses that these function are useful for Hallmark hotel in order to perform its function and use them in accordance with current needs and requirements. Some of these tolls which are used by organization in accordance with current requirements are discussed below: Chat bot: this is an effective and new trends which can be use by an organization in order to meet and explore customer trends. Under this system, firm use bots which can chat with customers regarding these function which helps in performing function and use provide them in formation which are required to perform function which are related to simple function. This acts and trending system which can be use to achieve better results. Under this function organization can follow trends a perform function in appropriate way. Social media platforms- Use of social media is also act as important factor which is related it organization and helps in achieving business objectives. This is effective function which helps organization to use function and manage all these function to achieve business goals. There are number of social platforms which can be use every individual is connected with social media & are active on Facebook, Instagram, You tube etc. This shows that organization has to use function and maintain function and use these function according to needs and requirements.
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It can be evaluated from above mentioned in function that there are number of function which is related to number of fiction and helps organization and use to achieve business objectives. This is also identified that there are number of function and use this to achieve business function. This is also identifying that helps in perform function and managing these according to needs and requirements. TASK2 P3Examine the stages of the consumer decision- making journey and map a path to the purchasing for a given hospitality service This is identified that there are number of function which has to be perform by organization toachievebusinessobjectivesandmanagingfunctioninaccordancewithcurrentbusiness environment. This is evaluated that these function and used by organization to achieving business objectives and performing with fuller utilization of resources. In context of hallmark hotels, organization is performing its function according to needs and requirements of clients to manage their experience and identification of customer decision making process. This is identified that the journey of consumer decision-making is time consuming and large process which will impact on performer of organization. This types of stages which are explained below: Consumer decision making process Need recognition & problem awareness- This is begging stage of this princess which is related to achieving business objectives and performing function in appropriate way. Under this stage, all these function are performed
according to needs and requirements. This is essential function which helps in achieving business objectives and performing function according to needs. Under this, customers in market start recognizing needs and requirement and perform function in performing them in appropriate way. This is used by organization to achieve business objectives and helps in preforming function. Information search- This is second stage in this process which is related to performing function and using these function in accordance with needs and requirements. Under this, individual has to use function which are related to satisfying these needs and helps in achieving business objectives and performing function ion appropriate way. Under this chosen hotel can use to provide helps in information sources by using effective tools and techniques which provide in information about hotel. Evaluation of alternatives- This is second stage under this process under which customer has to use effective system which is related to employing candidates according to needs and requirements. Under this function, manager of firm can use to helps customer by offering them attractive offers which helps in achieving business objectives and performing function in appropriate way. This will also help in performing function and using these function in accordance with current system. Purchase decisions- In context of this stage, it is related to achieving business objectives as customer will use to make and decision according to alternatives which are evaluated at previous stages.This is essential for organotin to effective function which will promote better function and use thee function in appropriate way. In relation of chosen hotel, they assure that benefits are given to customers when they select hotel for accommodation. Post purchase- This is last stage in this process where customer has to evaluate product according to its requirements so that it can make sure that all those requirements can be full filled according to needs and requirements.This factor include number of complete some of these are Pre-purchase, Purchase, Receive and Post Purchase. These are useful to organization in achieving business objectives and performing function in appropriate way this also provide functionality to firm also that it can work according to needs and requirement. This can be evaluated that it is important for hallmark to use function in appropriate way so that it can use this process in accordance with firm functioned perform all these function according to needs and requirements. This is also impactful for firm to perform its function and use them appropriately. This is function which helps in motivating function.
P4Explore why it is important for marketers to map a path to purchase and understand consumer decision- making in the hospitality sector The main purpose of the service sector is to serve the customer and enhance their satisfaction level in an effective way. So, it is important for the marketer to map the path of the customer journey to analyse the customers behaviour and make informed decision. Importance of Mapping Path Revenue Enhancement: the marketer try to map the customer path to optimise their experience with the brand and develop strategies to understand customer expectations from the company. This will help in enhancement of the revenue for the company. Availability of Consumer Information: It becomes easy for the company to get a detailed information about the customer. Due to which the company can analyse their buying motive and behaviour which will help them to enhance their customer base. Importance of Consumer Decision making Consumer decision is important to analyse the product and service development expectations of the company. There are various stages involved in this process: ï‚·Extensive Problem Solving: this will help in solving the complex problems of the customers. Also, the problems generally arises when the products are new for the customers. ï‚·Limited problem solving: this stage deals with those customers who are currently using the products of the company and are aware about the usage of the products. ï‚·Routine Problem solving: this stage explains the problems of the customers who have already experienced the products and have problems regarding its features. Therefore, the company use customer mapping to enhance the customers engagement and build a connection with the brand offerings. TASK 3 P5 Comparison of B2B and B2C regarding the decision making in the hospitality sector. BasisB2CB2B MeaningThis deals with the process of supplying the products from the businesses to the customers. This explains the exchange of products and services between the company and other business organization.
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Buying DecsionIn this the decision is taken on the basis of the needs and expectations of the customers from the brand. In this the buying decision has a motive of earning higher profit by enhancing the products range. Target MarketThis stage involves the targeting of customers on the basis of different factors like geographical and social factors. This stage targets different organizations form the competitive marketplace. ExamplesFor example, in the selected hotel the customers are targeted by analyzing their preferences and expectations. For examples, in this the organizations are targeted on the basis of the competitive edge the hotel is maintaining. After analyzing the B2B and B2c, the company can achieve their goals by targeting the customers and applying the strategies to achieve their marketing goals. Moreover, in context of the selected hotel, they use both the methods of businesses which is helpful for the organisation to make an effective decision
P6Evaluate the different approaches to market research and methods of research used for understanding the decision-making process In organization, market research plays a vital role in order to know customer demands, preference and expectations of customers from an organization., business organization needs to examine present situation of market before making any decision regarding product and service . Market research allows the managers to acknowledge trending wants of customers at very often, as consumers are very demanding and change their demand frequently. So that organization does not require to suffer any product loss by analysis market environment properly. There are several waysto collect these data. Secondary methods proves to be more useful which is described below: Publication:It is a significant source to investigate market trends and environment in which an organization is working. In this source of method, data is collected from digital sources or through journal and articles or by evaluating other sources. It requires less efforts and cost in collectingvaluableinformation.Aninvestigatordoesthemresearchesthroughmediaor newspaper so that no relevant content could be missed. Government agencies:This source is proving to be more important as it provides some relevant and accurate content regarding market situation. Investigator uses direct government resources to know what are present trends and customer preference. The knowledge engage from these sources are quite focused and deep. From adopting these methods companies could survive in competitive market and enjoy high accuracy in customer satisfaction. The best way to use these sources are through government official websites and new channels. Market research: There is crucial need to develop appropriate market strategy, by analysis market situation through effective approaches. These approaches are mentioned below: Interviews:Accordingtothisapproach,importantdatacouldbecollectthrough telephonic interview, or by taking personal feedback by which customer put their expectations and other trends in front of the managers. This will make customers feel to get attentive and valuable. After that, managers make appropriate changes to fulfill their needs.
Survey:Inthisapproach,theinvestigatoracceptsplansforsurveyandprepare questionnaire in order to collect relevant information. It assists the organization to provide most demanded output in the market and come up with new product with more quality and quantity. This approach proves to be appropriate by putting relevant questions in survey and it is less time and cost consuming process. Methods of decision making: There are enormous and effective methods which proves in company is expansion and smooth functioning. These methods can be understood below: Consult:In this method, managers prefers to consult with their employees before making any step towards organization function. Their subordinates help them to take effective decision in favor of companies goals. Through this, failures and uncertainties could reach to an end and better working environment would create. Vote: In this method, every employee gets right to vote on their opinion at particular topic so that most majority could be finalizing. This method helps in employee’s motivation. From the above analysis, it is knowledge that market research and decision making stands at significant factor in order to make effective and appropriate changes. TASK4 P7Evaluate how marketers can influence the different stages of the hospitality decision-making process giving specifichospitality examples Marketers are the leading individual that influence on organizations growth and up liftment in hospitalitysector.InrespectwithHallmarkhotel,managerappropriatelyeradicatethe performance and influence or marketers in their decision making. There are several paths by which marketers could influence the decision making of hospitality sectors. These are described below: Pattern buying behavior-This determinant shows its significance by focusing on consumerbuyingpotentialwhichisassesbymarketers.Itexamineindividual prescription and state of mind in therms of using services. With the respect of chosen
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hotels, they analysis their customer’s behavior through which they set target for the crucial ones. Motivation- motivation factors ply a key aspect being influenced by marketers that impact on consumersdesires in hospitality consumers, by acknowledging their level. It would become easy to provide desired satisfaction and fulfill their expectation. Key trends- in order to carry forward smooth decision making, these key elements plays easy role in analysis and determining hospitality functioning. These elements are not being consistent as they could be change by the time changes. Therefore, there is proper need to go through with these elements and apply on chosen organization by their mangers. Also, decision making must also be effective and bias free to carry on further innovations and changes for high customer satisfaction. CONCLUSION This can be concluded from above stated information that there are number of function ad using these function to use appropriate system. This is also analyses that there are number of function and using these function according to needs and requirement. This is essential for organization to achieve business and perform function according to needs and requirements. This is essential function and helps in achieving business objectives. Furthermore, it is examined that with proper marketanalysisit iseasy to gain informationregardingmarket & targeted customers.
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