This presentation discusses the essential aspects of marketing and how it helps businesses expand their market reach and attract customers. It covers topics such as business proposals, market analysis, monitoring and control, and the importance of marketing information systems.
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MARKETING ESSENTIAL
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Table of Content •Introduction •Business Proposal •Conclusion •References
Introduction Travel and Tourism company deals in various type of product and services offered to the customer in order to make their journey desirable. Thus, business proposal helps the business to identify the marketing environment and audit related to a new business start up.
Business Proposal Executive Summary:Theme hospitality company is a start up that cover various geographical area and provide services to both national and international tourist. Like it book the package of similar type of people at a time, reserve their ticket and room. In short company perform all its function in behalf of customer.
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Cont... Mission:The mission of Theme travel and tourism is to make the desirable experience of an individual during their holidays to give them best experience. For this company make significant effort to provide more quality and reliable services to make up memorable experience.
Cont... Vision:The vision of company is to make Theme travel the most recognised company by making significant strategy in order to expand the growth and profitability of business. For which company compel peoples in order to explore the world for which company will organise the trip based on their interest areas. Thus, the happy or satisfied customer are more keen to avail the service from same company and recommend other as well.
Cont... Market analysis of firm: •Segmentation •Targetting •Positioning
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Cont... Strength Although Theme travel and tourism is a start up of UK but it has itspresenceinbothnationalandinternationalgeographical market.Thus,forthiscompanyhasextensivelymake expenditure to spread the brand awareness about company. Selected company has already made plan to sponsor various events like sports event whose visibility is actually very high. This will help to enhance the brand presence and recogniti0on value. Opportunity To boost up the market share of company and encouraging the traveller by offering them quality services. Company can use digital platform to serve their customer and provide value to their traveller. Weakness Intense competition in travel and tourism company within UK can restrict the presence of brand. It may take time for the traveller to switch from other company to Theme travel and tourism. Hence, they will switch only if this company will offer more quality services and at reasonable price. Threat Intensive price wars can decrease the market share and profitability of Theme travel company. Uncertainty in airways sector can affect the planning and schedule of whole trip.
Cont... Monitoring and control:It is important for any business to control and monitor its business expenditure as it is one of the initial part of any business to keep track on its expenses so that the expenses does not exceed its income. In order to control the expense in Theme Tours and Travel company it is important for a manager to keep a track of its expense by analysing its cash flow.
Conclusion From the above report it has been determined that marketing is an essential part of company that helps company to expand its market reach and attract the customer to prefer one brand over the other. Marketing information system helps the business to collect the data and utilise it to communicate the customer and build effective marketing strategy.
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References •Wilson, J., 2014.Essentials of business research: A guide to doing your research project. Sage. •Wirtz, J., 2012.Essentials of services marketing. FT Press.