This study focuses on the marketing strategies of different hospitality enterprises and the interrelationship of different functional units on marketing policies. It also provides a marketing plan for the successful growth of hospitality industries.
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Hospitality Marketing Essentials
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Table of Contents INTRODUCTION...........................................................................................................................3 LO1..................................................................................................................................................3 P1 Roles and responsibilities of marketing function within hospitality industries.....................3 P2 Relation of marketing roles and responsibilities in a wider business context.......................5 LO2..................................................................................................................................................7 P3 Comparing the different ways in which Hospitality organisation uses different marketing mix elements...............................................................................................................................7 LO3................................................................................................................................................10 P4 Produce a basic marketing plan for a hospitality organisation to meet marketing objectives ...................................................................................................................................................10 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION Hospitality marketing essentials can be considered as those requirements which business industries needed in order to promote products and services in market. Marketing technique is generally adopted to achieve the main objective of the organisation i.e. maximum profit generation and can be achieved by influencing the purchasing power of consumers. This study will be based on the marketing strategies of different hospitality enterprises in order to improve the overall performance for attainment of overall objectives. This report will focus in describing that interrelationship of different functional unit's effect on the marketing policies of company. The study will mainly focus towards the function of McDonald's and KFC which influence the large number of people by their marketing strategies. It will also determine the optimum utilisation of marketing mix elements that can be helpful in achieving the overall goal. The report will also provide a marketing plan of Travelogue for the successful growth and development of hospitality industries. LO1 P1Roles and responsibilities of marketing function within hospitality industries McDonald's is a widely accepted brand which is an American Fast food company that deals with wide variety of Eatables such as burger French fries, beverages etc. Its headquarters are mainly located at United states, Chicago, Illinois etc. This company has achieved its positions in the world which provides employment to almost 1.9 million people across the different regions of the world. Marketing can be referred as one of the powerful key element which plays important role in maximising the overall sales of the products and services (Roos and Pike, 2018). It might adopt different functions which help in promoting the commodity to the large number of people. McDonald's generally adopts various promotional techniques to influence the taste and making strong relationship with the customers by satisfying their needs. Marketing may performed by adopting various methods or functions such as Advertising, promotional campaigns, hoardings, newspaper, television etc. Marketing in McDonald's plays an important role in embracing the customer relationship with the organisation which involve various tasks such as brand, publicity and a strong interaction with consumers in order to collect the feedback etc (Dzhandzhugazova And et.al., 2016). All these marketing functions are implemented in the company using different techniques
such executions of different functionalities in the organisation i.e. described below in a given table: Roles and responsibilities of different units Execution of different functions in McDonald's Managingbrandandits positioning McDonald's adopts customer friendly branding strategy which helps company to establish a great connection with public in order to increase the sales of the firm. This influences the mind of the people and maximises the purchasing power of the consumer (Dopson and Hayes, 2016). For example, nowadays McDonald's promote its products by adopting the concept of 50 pricing policy. This avails the burgers in just $50 which attracts large number of customers. Marketinginitiativesand planning This organisation generally plans to promote its services through variousmethods.Rolesandresponsibilitiesof effectiveteam members help in achieving the main objectives of the company so this company adopts cost effective strategy. This firm provides the quality of services to people so management never compromises its manufacturing and production department with quality of goods and services. If managers plan to develop a new product then key area of their focus never get distracted from the important element which links customers to the McDonald's organisation. Conducting customers and market research Innovative ideas and marketing research helps in implementing the strategies to achieve business goals. Operational functions can be executedbytheeffectiveeffortsofemployeesandproper availabilityofresourceshelpindevelopingthecustomer demanded products. This research can be done by knowing the preferences of the peopleliving in a particular region. Planning the tastes and preference of products according to requirement of consumers leads to customer satisfaction and thus it maximises the sales of the commodity (Pike, 2015).
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Monitor competitionFor any popular organisation, it is very important to analyse the competitor'sfirmintheareawhichhelpsthemanagersin developingtheproductsaccordingly.McDonald'susually promotes its services to the targetted audience in order to attract large number of people but in this, highly competitive world, it is hard to differentiate same type of products with other companies. In order to increase the brand value, company adopts various techniques like participation in charity and cultural programmes, contribution in corporate social responsibilities etc. Inter-relationshipof the rolesand responsibilitiesof marketing intermsof marketing environment Roles and responsibilities of different functional areas of McDonald's includes various factors such as marketing department, sales team, customer service, innovation and product development.Managementandoperationdepartmentofthecompanyhavetoconsider environment factors which are depended on locations and places of industry. For instance, development and innovation of a new product in the company directly impacts on the main objectives of the McDonald's which is profit generation (Brown, 2017). Before the company plans a new product or innovative concept so along with its benefits, risk factor also need to be critically analysed. Managers have to also consider negative sides of the newly designed product as various risk is involved such as customer satisfaction, design and taste of product, prices etc. Marketingandsalescanbeconsideredassourcewhichhelpsinexploringand understanding the requirements of the customer and this analysis results in the introduction of new product in market. So concerning these factors, responsibilities and roles of the several functions are interrelated with environment of the market. If sales and promotion team can be able to perform its effective responsibilities then it directly impacts on the sales target of the McDonald's (Wood, 2018). Environmental factors such as technology, political environment and legal factors affect the marketing functions. If tax policy of the country rises then it may effects the cost of the product and due to alteration in prices of the commodity, it will be not possible to sustain the customer for longer run.
P2Relation of marketing roles and responsibilities in a wider business context McDonald's is one of the popular hospitality industry among different regions of world and main outlets of this company is available at different places. At broad level, organisation is distributed in various different parts of the world such as various states of United nations, Asia Africa, America etc. so the McDonald's corporation is situated in different areas with multiple segments consists of different departments. These departments are then further divided into various team to perform roles andresponsibilities of a particular task (Guilding, 2014). In order to deliver effective marketing strategy, one needs to consider different units. These units are categorised into sub-departments such as marketing, sales and production departments. For achieving the effective strategies, market research need to be carefully analysed. Formulation of roles and responsibilities of different sectors may be depend on the efforts of labour availability of resources. Other functional departments may effect the marketing functions of different department such as production sales marketing which comprehensively effects manufacturing of the product in McDonald's may be achieved by analysing the demands of the customer which are generally controlled by sales and marketing departments.It might be depend on the products which are currently available in the recent menu structure of the company as this strategy is also helpful in identifying the main choices and food preferences of public. Technologicaldivision is also considered as one of the important feature which helps in generating and producing the commodities in the firm. Efficiency of the work is completely depended on the technological equipments which company provides in order to perform the operations. Marketing function includes various key elements including planning, research, strategy and tactics development (Bowie and et. al., 2016). Effective involvement of all these element turns the strategies and marketing plan into the maximum sales. Customer relation can also be achieved by providing timely discounts which is inter-related to the other functional department of marketing. Human resource department of the company helps in selecting the skilled human resources to the company. Functions of HR unit is to manage the efforts of employees so that resources are properly utilised which results in effective productivity. Functions of HR help in
achieving the top quality products and which may result in satisfied customer. This can help in achieving the marketing objectives of the company. Production department can be considered as one of the important unit which helps in operations of the firm that allows the manufacturing or conversion of raw material into finished products. This unit is responsible for production of goods and services which directly impacts the marketing strategies of the company. Analysing the roles and responsibilities of marketing with its environment Marketing manager of hospitality industry have to identify the general needs of the customers and this helps them to establish the healthy customer relationship of McDonald's with consumers. Planning of marketing strategies can be considered as the important managerial process which helps in maintaining the balance between resources, efforts of employees and its changing marketing opportunities.Marketing manager analyse different aspects before capturing the appropriate market place. Such tasks are as follows:ï‚·Marketing information system-Managers of McDonald's mainly focus in gathering the information about the requirement of products. Expanses require developing particular product and what benefit does the product provide to company. It help in estimating the appropriate information about marketing.ï‚·Monitoring environment-As this brand is available at various regions so this plays and important role change in the environment can effect marketing strategies of the product. Environmental factors which may get impacted along with the functioning of different units such as technology, social aspects which deals with taste and preferences of the consumer etc.ï‚·Marketing research-This research needs to be performed in order to get the complete information about marketing and competitor firms available in the market (Davis and et. al., 2018). ï‚·Creating customer value, satisfaction and loyalty-This function helps in aiding the customer value in the commodities that helps in customer satisfaction and this will be helpful in generating maximum profits.
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LO2 P3Comparing the different ways in which Hospitality organisation uses different marketing mix elements In the hospitality organisation, companies are generally adopting different marketing factors which help in achieving the sales target of the company (Diffley, McCole and Carvajal- Trujillo,2018).InHospitalityindustries,promotionoftheproductsandservicecanbe considered as very important aspect which deals with the production and sales of goods and services. Managers mainly focus towards creating awareness among the minds of people inspiring the targeted audience who will be interested enough to purchase the goods and services. Marketing mix plan is developed to achieve the main objectives so below provided table will describe the comparison of different P's of marketing mix between McDonald's and Hilton Hotel . There are 7 p's of the marketing mix which helps in creating the effective marketing strategies for the hospitality organisations. Such are as follows: ElementsMcDonald'sHilton hotel ProductThisorganisationprovideswide varietyofeatableproducts.This companyprovidesvariouskey productssuch as burgers, fries, soft drink,etc.Thiscompanymainly focus in providing the quality based products by availing the facilities of homedeliverytoconsumersand online payment. These facilities are provided to grab the attention of the public towards products and services ofMcDonald's(Harrington, OttenbacherandFauser,2017). Customer reviews and feedbacks are givenhugeimportancewhile developing the new products. This company offers different services such as taking orders for wedding and banquet facilities, food services in special events andprovidingthefullloungebookings which avails swimming pool facilities also. Above all of this, core product of Hilton hotel is providing the staying facilities to public in the form of hotel rooms. Recently, the firm have introduced as distribution of mobilephonestobusinesscustomers (Katou, 2016). This strategies attract large number of customers.
PricePrices of McDonald's are lower as compared to Hilton hotel because it dealswithlimitedvarietyof products.Prices of MC'd products are generally very from 5 to 10 $ andthisiseasilyaffordableby people.Thiscompanyprovides nominal prices goods and services which is in between $1 to $9. HiltonHotelmainlydealswithwide concept like booking of restaurants availing the lounge facilities that costs somewhat higher than McDonald's industry. Cost of the rooms and parties are charged at $45 to$50. PlaceThe company is located in various parts of the world but generally its outlets are situated at many prime locations such as complexes, malls etc. Hilton Hotels are also located at worldwide countries which covers the areas of several UKstatessuchasArgentina,Austria, Azerbaijan etc.(Hospitality marketing , 2018). PromotionThisisaglobalbrandwhichis largelypopularamongyoungsters and even people of all age group. So thiscompanygenerallyadopts differentwaysofpromotionlike Television,newspaper, advertisementandsocialmedia promotionwhichgetsquick response of customers within a very short time period. Thiscompanygenerallypromotesits products and services by various different ways.Becausethecoreproductofthe Hiltonhotelisroomservicessothis companygenerallyattractslarge businessman'sandtravellersinorderto attractthecustomers.Itusesvarious promotional campaigns such as hoardings, newspapers etc. PeopleMcDonald's products are available for all age groups people such as children,teenage,youngstersetc. thisorganisationmanagesits workforce by providing the proper trainingsinordertousehigh Hotel is generally preferred by high class people that can be a businessman, travellers etc. organisation focus in organising and managing the skilled labour which produce high quality services to customers such as proper room services which includes proper
technologyequipmentsfor production of goods. availability of things to the customers and healthy environment. Physical evidence It can be referred as lowest payable jobwhichinvolveslotofskilled labourswithlessopportunitiesin thishospitalityindustry.But servicesandproductswhichthis companyprovidesaregenerally open to all as these industry uses openkitchenformanufacturing goodsandservicessopeopleare allowedtoseetheprocessof production anytime. It result in the satisfied customers. Hilton Hotel provide hospitality services, thus,peoplearenotinterestedintheir production process but notice their service deliveryandquality(Ali,Aminand Cobanoglu, 2016). Physical appearance of the products determine presence of Hilton Hotel.Thishotelusuallyprovidesthe productssurroundedbyitslogowhich describes written big lettered 'H' along with great ambience. ProcessUnder this procedure, the procedure ofproductionanddistributionof products/serviceisconsidered. McDonald'sispopularforits transparentandhygienefood production procedure. Organisation also allow their customer to examine theingredientsoptimisedby McDonald'sinfoodwhich strengthentheircredibilityand loyalty. HiltonHotelprovidemorecleanliness, quick process of deliver services along with deliveringadvancementintechnologies. This vary the preference of consumer as they prefer more conveyanceand better services. LO3 Further part is covered in poster
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CONCLUSION It has been concluded from the above study that marketing strategies play an important role in increasing the sales ofthe product. It has also been clear that attainment of sales target can also helps in obtaining the main goals of the firm.The research has provided a complete understanding about different ways in which hospitality industries uses its marketing mix elements to achieve the main objectives. It has also found thatconsidering seven elements in marketing helps in creating the effective planning which leads to the maximum profit generation in the company.It had also been clear that establishment of different marketing units helped in achieving all operations in McDonald company effectively. It was also discovered that provided a complete understanding about effective strategies of marketing that aimed at generating large profits along with the sustainability and growth of the firm.
REFERENCES Books and Journals Roos, G. and Pike, S., 2018.Intellectual Capital as a Management Tool: Essentials for Leaders and Managers. Routledge. Dopson, L. R. and Hayes, D. K., 2016.Managerial accounting for the hospitality industry. Wiley Global Education. Pike, S., 2015.Destination marketing: essentials. Routledge. Wood, R. C., 2018.Strategic questions in food and beverage management. Routledge. Brown, P. T., 2017.Food Safety Knowledge of Undergraduate Nutrition Majors vs. Hospitality Management Majors(Doctoral dissertation, Kent State University). Guilding, C., 2014.Accounting essentials for hospitality managers. Routledge. Bowie, D. and et. al., 2016.Hospitality marketing. Routledge. Davis, B. and et. al., 2018.Food and beverage management. Routledge. Diffley, S., McCole, P. and Carvajal-Trujillo, E., 2018. Examining social customer relationship managementamongIrishhotels.InternationalJournalofContemporaryHospitality Management,30(2), pp.1072-1091. Katou, A. A., 2016. Human resource management and performance in the hospitality industry: Methodological issues.InProject Management: Concepts, Methodologies, Tools, and Applications(pp. 1980-1999). IGI Global. Harrington, R. J., Ottenbacher, M. C. and Fauser, S., 2017. QSR brand value: Marketing mix dimensions among McDonald’s, KFC, Burger King, Subway and Starbucks.International Journal of Contemporary Hospitality Management.29(1). pp.551-570. Ali, F., Amin, M. and Cobanoglu, C., 2016. An integrated model of service experience, emotions,satisfaction,andpriceacceptance:anempiricalanalysisintheChinese hospitality industry.Journal of Hospitality Marketing & Management,25(4), pp.449-475. Dzhandzhugazova, E. A. And et. al., 2016. Innovations in hospitality industry.International Journal of Environmental and Science Education.11(17). pp.10387-10400. Online Hospitalitymarketing.2018.[Online].Available through:<https://www.howandwhat.net/hospitality-marketing/>.