This presentation provides an analysis of the internal and external environment factors for a start-up tourism business named Kexmon Travels Ltd. It covers marketing essentials, SWOT analysis, market segmentation, and marketing communication mix.
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Marketing Environmental Audit Title: ( Business Name ) Name of the Students and ID Number Lecturer Name: 30/08/2024
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Executive Summary Marketing in the context of business implies to systematic process of identification of potential customers and attract them towards product or services by applying techniques like advertisements, promotionsetc.Thisreportsummarisesananalysisand identification of internal and external environment and factors in the context of a start-up business of tourism named Kexmon Travels Ltd. 30/08/2024
Table of Content •Executive summary •INTRODUCTION •Overview of company •Product and Services •Target market •Market segment •Macro and Micro environment •SWOT Analysis •Marketing Communication Mix: •Business Strategy to Achieve Marketing Communication Mix: •CONCLUSION •REFERENCES
Introduction Marketing essential refers to some key elements such as market research, market strategy, budgets, positioning, metrics etc. which assist managerial personnels to achieve organisation's goals and objectives. Marketing process and plan includes systematic set of activities which are mainly concerned with maximisation of sale and demand of products or services through various advertisement techniques and toolsstart-up tourism company.
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Business / Company Overview 30/08/2024 KexmontravelsLtd.issmalltravelcompanyinUK, engagedinprovidingtourandtravelserviceslocally. Companyissmallprivateretailerwhichisproviding packagetours,carrentalsandothertourismservices. Companyatinitialstage,emphasisingoneffective advertisement techniques to enhance their customer base.
Products and Services 30/08/2024 Kexmon travels Ltd provides a online platform to provide their tour and travel services. Company provides tour and travel services such as flight Reservations, accommodation, rental cars, local tour packages, holiday planning, travel insurance, cruise lines, railways and other related service.
Target Market 30/08/2024 Kexmon's strategy is to provide right services to right targeted customers. Company wants to increase their customer base by providing high quality services. Company is trying to make expansion in internation market for which company is using new advertisement methods like social media platform to increase their customer base. Company need to enhance their reach to increase their market share.
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Market Segment 30/08/2024 In tourism industry there are different – different customer group so in order to target all customers group market segmentation is essential. In tourism sector, market segment are classified as Geographic segment, Demographic segment and Psycho-graphic segment. For Kexmon, targeting these three segment is significant. Following are relevant market segment forcompany, as follows:
Micro and Macro Environment 30/08/2024 Micro environment:it includes micro factors that directly affect business organisation. Consideration of these factors is vital for business organisation in order to operate effectively. Macro environment:It consist of external factors which are uncontrollable for business organisations such as demographic, physical, economic, political, social et.
SWOT Analysis 30/08/2024 SWOTanalysisreferstoanalysisoforganisation'sstrength, weaknesses, opportunities and threats: Strength Kexmon is operating locally and providing high quality services which is a strength of company that provide increase in number of customers. Weaknesses Main weaknesses of this company is that there are few member and having low working experience of travel industry. Company is not able to adopt new patterns and habit quickly that leads to low income generation. Opportunities In UK, during past year consumer spendings towards tourism and travel is increased which is an opportunity of Kexmon. Company can increase their customer base by providing quality services. Threats Duelargenumbersofcompetitors,customersare shifting form one to other company quickly. It is hard for companytoretaintheircustomersincompetitive environment.
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PESTLE Analysis 30/08/2024 PESTLE Analysis: It is systematic framework to critically monitor and analyse external or macro factors that may affect organisation's performance. In this context, following is PESTLE analysis of Kexmon, in order to analyse the macro environment factors: Political factor:It is most influential factors for company. These factors includes government policy, change in government, trade restrictions etc. Such factor is required to be considered to avoid any complexity in business.
Marketing Communication Mix 30/08/2024 Marketing communication mix refers to ways or manners that a business organisation can communicate with its customers There are various components of communication mix. At initial stage Kexmon wants to increase number of customers so marketing communication mix is essential requirement of company. In this context following are the major marketing communication mix, as follows:
Business Strategy to Achieve Marketing Communication Mix 30/08/2024 Application of marketing communication mix do not provide assurance of success. To achieve marketing mix effectively, business organisation should formulate and implement an effective business strategy. Firstly, Kexmon is required to make strategy for arrangement of funds for personal selling and direct marketing because it require large number of employees.
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Continue… ParticularsAmount(£) Personal selling and direct marketing Internet marketing10000 Telemarketing20000 Direct-response advertising12000 Catalogues7500 Discounts and Promotions20000
Conclusion 30/08/2024 From above report it has been concluded that marketing essentials play a significant role in achievement of organisation's objectives and goals. Various marketing essentials provide a framework for formulation and implementation of most appropriate marketing strategy and effective marketing plan. Marketing mix are used by business organisation to find out any issue or problem that may create barrier in attainment of objectives effectively
References 30/08/2024 Clow, K.E. and James, K.E., 2013. Essentials of marketing research: Putting research into practice. Sage. Silver, L., Stevens, R.E., Wrenn, B. and Loudon, D.L., 2012. The essentials of marketing research. Routledge.
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