This presentation discusses the marketing plan for Marriott, including the company overview, marketing mix, SWOT analysis, competitors, financial information, and implementation and monitoring.
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Table of content Introduction Marketing Plan Conclusion References
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Introduction Marketing is the process in which company undertake the promotional activities to achieve organisationalgoal.Itincludeadvertising, selling and delivering of product to different consumers or other business activities
Introduction Marketing is the process in which company undertake the promotional activities to achieve organisationalgoal.Itincludeadvertising, selling and delivering of product to different consumers or other business activities
Marketing plan Marketing plan is formal documents, which are prepared bymanagersofcompanytodescribemarketing activities for generate profit For Marriott management have to create marketing plan which include, mission, vision objective of the organisation. Manager develop plan to achieve yearly targets and expand business at lager scale.
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Continued... Companyoverview:Marriottinternationalisan American multinational hospitality company which provideserviceslikelodgingandboardingto respective customers. It was founded by J.Willard Marriott in year 1927. Company headquarter is located in Bethesda, Maryland U.S. It was ranked 33 in fortune 100 best companies to work for.
Continued... Marketing mix:There are seven different types of elements in marketing which are required to be focused by companies such as Marriott while launching a new service or product in the market. With the help of them higher customer attention could be acquired.
Continued... SWOT Analysis:It is a process to figure out the strengths and weakness of business environment. In another words, it strategic planning technique which is used to help a person or company to identify various opportunities and threats related to business activities.
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Continued.. Competitors:The Marriott hotel has created healthy competition in hospitality industry for gainingmoreandmorecustomers.Ithas number of rivals which are Premier Inn, Hilton etc. and many small and big competitors.
Continued... Financial information:Finance plays an vital role in every business enterprise to achieve its target. For Marriottmanagementisrequiredlargeamountof capital for promoting their product and services to larger audience. For execution of this marketing plan the manager of Marriott is required to have huge amountofresourcesfordevelopmentofplanin effectively manner.
Continued... Implementing and Monitoring:In this present plan, marketing team has to focuses on plan and keep track onbusinessactivitiesinwelldefinedmanner (Aschemann Hooge, and Normann, 2016.). For this top level management have to focus on surroundings which helpinminimizingtheerrorsandflawsoccurin company while generating business.
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Conclusion Asperthemarketingplanitisimportantfor Marriott, to figure out what aim and objective of company to increase its market share by 25% as well as customers base. Company isplanning to focus on creating brand image by offering quality service so it can gain trust of customers.
References Achrol, R. S. and Kotler, P., 2012. Frontiers of themarketingparadigminthethird millennium.JournaloftheAcademyof marketing Science. 40(1). pp.35-52. Blythe, J. and Martin, J., 2019. Essentials of marketing. Pearson UK.