TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Issue 1 Brief description of organisation and industry in which it deals................................1 Issue 2 Analysis of 5 C's of enterprise...................................................................................3 Issue 3 How does firm collect information............................................................................6 Issue 4 Development of marketing strategy...........................................................................7 Issue 5 Justify and recommend 7 p's of hotel Hilton..............................................................9 CONCLUSION..............................................................................................................................10 REFERENCES..............................................................................................................................11 INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Issue 1 Brief description of organisation and industry in which it deals....................................1 Issue 2 Analysis of 5 C's of enterprise.......................................................................................3 Issue 3 How does firm collects information?............................................................................6 Issue 4 Development of marketing strategy................................................................................7 Issue 5 Justify and recommend 7 p's of hotel Hilton..................................................................8 CONCLUSION..............................................................................................................................10 REFERENCES..............................................................................................................................11
INTRODUCTION Marketing is important function which assists to conduct research, promote and selling of products into target market. It helps to increase brand performance and offering qualitative results to develop more sales in the business. In hospitality industry, it deals as umbrella which covers advertisement, promotion, etc. (Mazanec, Crotts and Lu, 2015). Present report based on the Hilton hotel which deals in hospitality sector to provide different types of services and attract maximum number of customers. It is public sector enterprise consider operations of accommodation, food, entertainment, etc. In order to gain insight information of the present study, it covers organisation and its information to communicate appropriate purpose. Brief description of industry also explained that helps to know about work of organisation. Furthermore, marketing strategy of the enterprise also includes which assists to create appropriate segments that are available for the chosen enterprise. MAIN BODY Issue 1 Brief description of organisation and industry in which it deals About Hilton hotel Hilton hotel deals in worldwide operations and functions to develop more significant advantages. In this regard, successful brand continuously develops in different market segments such as hotels, resort, Hilton garden Inn, Hilton grand vacations, etc. Furthermore, they provide luxury products and services in different areas of the world with full and focused services. They undertake franchising to deal in different areas of the world in successful manner and concentrate on brand development (Xu and Gursoy, 2015). Hilton hotel rank first in 2012 as Happiest companies in America. Company culture and reputation continuously develop which assists to maintain relationship with several employees. Along with this, the chosen company deals in different locations of the world to increase their profits and revenue. It is the first hotel which contain rating system from 1– 5 star. Along with this, it also considered operations to manage restaurants and casinos to bringing lot of money (Conrad Hilton Biography: The History of Hilton Hotels Corporation,2018). Hence, it successfully received development of the organisation to run operations in successful manner. 1
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About hospitality industry With the help of several operations and functions, UK country easily develop their national income and GDP as well. In this regard, effectivenessareisalso enhanced that assists to meet with desired level of results in a successful way. All businesses of this industry, provides pubs, bars, nightclubs, conference management, entertainment and sporting events, etc. (Perera and Perera, 2018). In this industry, companies recruit people to operate effective functioning towards finance, IT human resource, customer service, etc. On the basis of staff member’s capabilities and interest, manager focuses on their roles to perform functions and gain more desired level results. Value statement In order to increase profit and revenue, Hilton hotel firstly focuses on innovation, quality and success. Therefore, they deal to fulfil customer’s demands and requirements as per their choice. Furthermore, Hilton hotel creates their value in following consideration: Hospitality Integrity Leadership Teamwork Ownership Now discipline Orientation towards marketing of Hilton Hilton hotel adopted production concept in which they are trying to enhance production as per demands of customers. It is also extinct with companies to pay more and develop further attention for their customers (Kelliher, Kearney and Harrington, 2018). The company selects this orientation towards marketing of their operations because it increases importance towards supply and demand of enterprise. This law considers for the product which is made by someone for increasing effective results. This marketing orientation also developscommunication with innovative functions and operations inasucceeding manner. Products offered by the organisation Hilton hotel deals with dynamic business centre which considers several products and services that are related with fitness consideration. Hence, it provides routine services to deal with innovative products and services. On special occasions, the selected enterprise provides 2
different types of offers with creative ideas and innovations.For organisation convenience, the chosen firm offers enterprise centre, business phone service, meeting rooms, video conferencing, Wi-Fi, etc. Furthermore, for family comfort, they provide cribs, children menu, etc. (Martinez- Martinez, Cegarra-Navarro and Wensley, 2019). Along with this for fitness and recreation convenience,theorganisationimplementsfitnessroom,pooletc.facilitiestodealwith innovative functions. Role of brand with organisation marketing strategy In the marketing strategy, brand plays a very important role to attract maximum number of customers. This is because, it increases customer awareness to develop brand experience and make strategic plans. Furthermore, in Hilton hotel people also tend to do functions as they are familiar with it. Branding is consistent and easy to recognise so that it assists to more ease purchasingproductsorservices.Consequently,brandingpromotesrecognitioninlarge consideration (Mazanec, Crotts and Lu, 2015). Issue 2 Analysis of 5 C's of enterprise 5Cs consists certain elements in the chosen business which is considered in lean manufacturing and assists to measure effectiveness in the organisation. It includes methods to ensure that safe and clear visual management which is basically developed in the business to gain significant advantages. Hence, it includes following elements: Company: In order to consider appropriate working, Hilton hotel need to assess internal assessment with SWOT analysis. It assists to gain significant outcomes at workplace. StrengthWeaknesses Hiltonhotelhashighbrand recognition in the market. Managementcontinuouslywork withinnovativeideastoattract customerstoretainexisting customers. Businessstartedtodevelopand create market to increase revenue Thereisnomuchdeveloped networktocontendwithother nations. Hiltonhoteldependsonother proprietor’sorganisationfor creating effective network. With the help of cutting edge, staff members are fully aware to operate 3
andcustomerbase(Kelliher, Kearney and Harrington, 2018). functionswithreliantand operational rules. OpportunitiesThreats In the Australian market, Hilton hotel can build their innovations. Relationshipmanagementalso considersadequateuseofbasic leadership. With the help of games event, selected company can expand their operations. High rivalry in the market. New entrants Increasingsalariesofcustomers (Martinez-Martinez,Cegarra- Navarro and Wensley, 2019). Customers:Hilton hotel deals with different types of customers in successful manner. Therefore, it assists to develop significant advantages in desired way. Furthermore, they serve to leisure travellers, honeymooners, corporates, families, etc. Apart from this, to target student’s groups, the chosen company has issues and problems to fulfil their demands and requirements. As a result, target group of the enterprise develops significant advantages in a successful manner (Mazanec, Crotts and Lu, 2015). The company targeting several customers such as adults,studentsstudent’sgroups, friends groups, teenagers, etc. Collaborators: They are individualswho works as to collaborateswith another firms and help them to achieve their goals and objectives. They have some part of share interest in growth of the enterprise. To have collaborates is very essential as they help company in discovering many un-reaped opportunities (Ramdani and et.al., 2018). Collaborators are like suppliers, distributors and alliancethatwhoall are very close to customers. The Hotel Hilton also work with collaborators as they helpsininin aspect to determine areas of its weakness. Without suppliers or distributors, a firm cannot derive long term profitability and productivity. 4
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Illustration1: 5c's Analysis (Sources: 5 C Analysis, 2016.) Competitors: Hotel Hilton is global leading firm and it is essential to identify rivalries in market in meeting the needs of customers. It is crucial to conduct this analysis as it helps to determine present and future of business enterprise. It is activity that process as identifying competitors, productsand potential threatsto enterprise (Andrews and Shimp,2017).The). Thelacking areas of enterprise can be identified and effective steps towards it can be taken. Thus, Hotel Hilton should provide innovative and effective services to customers to maintain long term retention. Hence, this analyse helps the firm to focus on areas that will help to enjoy market share and optimize its present customers. The current main competitor of firmareisas Sheldon, Morrison etc. Context: The analysis of context or climate is termed out as PEST analysis. It is techniques that helps to determine macro environment. It works as to affects each enterprise whether its working on small or big level. Thus, it stands for- 1.1.Political- The policies, regulation of legal authorities’ affects working of an enterprise in a huge context. It includes GST, FDI, corporations and tax imposed and other tax levied. Thus, risk and threats of terrorism can also impact negatively and reduce the number of visitors to hotel. 5
2.Economic- In this, it can be said that economic factor widely affects functioning of business. The crisis situation can be predicted by enterprise to shelled off loss. 3.Social-The prevalence of society and latest trends plays a significant role in determining the choice of customers. 4.Technological-This factor plays an essential role to develop revolutionary image of firm. The present market is competitive and to cope up with it is essential to bring innovation approaches so that customer can be attracted towards operations. The technical advancements will help the enterprise to satisfy needs and wants of customers. Furthermore, hotel booking has become very sophisticated as it can be done from anywhere in the world. 5.Legal factor- legal factor can also have huge external impact on performance of hotel Hilton as it includes the changes in jurisdiction of Australia which might have effect on catering industry in direct and indirect manner. Moreover, it can be said that hospitality and catering industry often becomes part of criticism for polluting the environment. Thus, most of tourist attractions are historical place, forest areas, beach and hills etc. Issue 3 How does firm collect information The firm need to collect information about its customers and competitors to gather strong competitive intelligence. It is a process of discovering, analysing useful information with help of market research and intelligence etc. It is an effective tool in order to maximise profitability of enterprise. It can be defined in following context as - Market research-It enables the firm to make better decisions regarding long term and short term planning by undertaking marketing reserves (Dietrich, Rundle-Thiele and Kubacki, 2017.). this is a helpful tool in order to analyse the needs and wants of customers, current trends in market. It assists firm to react quickly to legislative and regulatory changes in the competitive world. It is any kind of organized factor that helps to gather information about the target market. Thus, research is a technique and process that works to collect valuable information that aids market for proposed products and services. Hotel Hilton has many rivalries in market and in order to cope up with it is essential to know about the products and services they are offering to their customers.With help of identifyingeffectiveidentifying effectiveinformation it is possible to bring changes in scenario 6
of enterprise. Herein, collaborators play an essential role with regard tas number of firms works withwithseparatedistributionchannelsthathelpstoderivelongtermprofitabilityand productivity. With help of it, weakness areas of firm can be identified and it also helps in evaluating needsevaluating needsof firm that leads to increase brand image and that ultimately attractscustomers. In addition to it, market research works to bring long term sustainability by maximizing market share of Hilton. Marketing intelligence-It is techniques that helps to gather, analyse relevant information about the firm for purpose of taking accurate and confident decision making (SWu and Li,2018). It is also assistive to access market entry opportunities and to formulate market development plans and penetration strategies. It isusuallyfirstusually firstdata that aids to analyse by company about\ specific market. Itcan relatecan relatewith the population age resides in particular areas , and their spending habits of customers etc.It is important tokeep tracking over needs and want of customer. The firm has many rivalries in market in this way they need to focus over target market activities..activities.Thus, innovative services always help to attract customers. In addition to it, basic goal of marketing intelligence is to make better and effective decision. With help of undertaking this kind of approach it is possible to bring changes in whole scenario of firm. In this, collaborates plays an essential role to provide information about latest trends in market. They help to keep focus over product intelligence and that leads to improvise the quality and performance of commodity in market. Hence, market research and market intelligence is concept where firm tries to understand the performance of products in which they are operating their business activities. Issue 4 Development of marketing strategy The term marketing strategy can be derived as to frame proper plan of action that helps to define vision, mission and goals of enterprise. It helps to derive sales by developing strategic marketing. It can be done with help ofbettbestbrand in market. Thus, strategies of marketing hashavebeen presented in below context as - Target market-It is process that works to break market into segments and concentrating its effortstoefforts tosatisfy needs and desiresof productsand servicesoffering to customers (Samani and et.al., 2017).Hotel Hilton can select the target market by analysing age group of individuals, income of consumer, understands lifestyle of consumers, gender and social status 7
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etc. After, knowing target market It is important to conduct value proposition in following manner as are- Who is ideal customer- The medium and senior age professionals belongs to high level of income and those individual who perceives high status. This enterprise provides luxury services to its customer so that they cncanenjoy their leisure moments. Value offered by firm- Hotel Hilton adopts premium pricing strategy with help oftargettingtargetingpotential customer in market. Segmentation- It is a process that works to divide market potentials into group, segments and differed characteristics. Thus, it has been presented in below context as - Geographical segmentation-This process involves targeting specific consumer groups as per geographic locations (Felix, Rauschnabel and Hinsch, 2017). Hilton mainly focuses on building hotel on locations and that must be popular with target customer segment. Demographical segmentation-There are set of demographic market segmentations inclusive of stage, age, income, social class and lifestyle etc. As per this perspective, Hilton targets customer segment that represents medium and senior age professionals with high level of income. Moreover, quoted firm mainly targets individuals that pursues luxury lifestyle. Psycho-graphic segmentation-It is helpful term as it examines how an individual think, behaves, using personality, lifestyle and values as segmenting variables (Nagle and Müller, 2017). Hotel Hilton targets ambitious individuals who acts as to express perceived high status and achievement by staying in rooms offered by hotel at premium prices. Benefits segmentation-It involves executing marketing segmentation on basis of benefits customer aims to consume products and services offered by company. Thus, firm work to perceive benefits offered by Hilton to potential and existing customers. Positioning-It is marketing strategy that aims to occupy a distinct position as comparedto other brand name in mind of customers (Chen and Huang, 2017). To set the brand in mind of target 8
audience.Itisoneofregularmarketingactivityandstrategy.Ifoncebrandis positionedpositioned,then it is typical to reposition it without destroying firm’s creditability. Thus, hotel Hilton brings innovative products and services and it helps to position brand in mind of target audience. Issue 5 Justify and recommend 7 p's of hotel Hilton. It is marketing mix tool that helps to enhance the strength of firm on basis of place, price product, promotion, physical evidence, process and people etc. it can be done in following manner as - Product-The cited firm has a chain of hotel with variety of rooms, restaurants and bars. Hilton has covered the global and it is perfect stop to conduct business meetings, parties and events. Its room are facilitated with modern diligence and advanced amenities. The firm should bring innovative services with use of technology so that customers can enjoy their leisure moments. It is recommended that the quoted firm should bring advanced facilities as smart room key services, easy check in procedures to attract customers in market (Salwa and Sudarsan, 2018). Place-The location of hotelshould have surrounding with beach sides, peace, calmness so it can attract customers in market.(Naya, 2013).Currently, they are operating in 85 countries. Thus, they need to select their surroundings in a well selected manner that add to experience of the customers. Price-It can be divided into broad categories as matrix, economy, premium, penetration and skimming. Thus, HotelHilton usingHilton usespremium pricing strategy, as they have targeted potential customers in market. Thus, this hotel provides high quality of amenities and it adopts higher prices. Therefore, it attracts only potential customers in market. Promotion-This activity can be taken into place with help of promoting their business activities by tools like advertising, direct marketing, social media and television approach etc (Ramdani and et.al., 2018). It is recommended that cited firm should adopt techniques that can attract wide range of customers in market. With help of Facebook, Twitter and other social media sites, they can approachcan approachto maximum customers and promotional activities can be proceeded effectively. It is one of attractive technique that helps to gather the attraction of individuals in market. With help of unique promotion activities, it is possible to gather attraction of customers. This firm also provides exclusive membership so that they can focus over marketing strategies. 9
People-To maintain its loyalty it is essential to provide well and effective services to customers. Inthisitcanbesaidthat,runningsupportdesk,customerservice,organizingdiffered entertainment events for customers are some strong base for success of hotel Hilton. Process-Due to reliable process and maintained supply chain management will help to minimize the operating costs of enterprise. The flow of processes and services to the customers of Hilton group is consistent. This firm maximises the revenue resulting from maintaining its market leading position. Physical evidence- Hilton group of hotel has tied up with many hotel booking chains and it helps to increase its evidences in market. This group is among the market leaders but it still has to face competition in hospitality sector. It is among one of best hotels in the world. CONCLUSION From the above report it has been summarized that marketing is terms that uses to create, keep and satisfy the customers. It is one of primer component of businessmanagement Itmanagement. Itis crucial terms to put its major consideration over market orientation and wants of customers. The present report is based on business activities of Hotel Hilton. Thus, report has covered the various things as to build effective marketing strategy. In this assignment, following things are covered as are focused as are 5 C’s, segmentation, targeting, positioning, market research and market intelligence etc. In addition to it, main aim of firm is to focus on customers so that brand image of the enterprise can be developed. 10
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Wu, Y.L. and Li, E.Y., 2018. Marketing mix, customer value, and customer loyalty in social commerce: A stimulus-organism-response perspective.Internet Research. 28(1). pp.74- 104. Xu, X. and Gursoy, D., 2015. A conceptual framework of sustainable hospitality supply chain management.Journal of Hospitality Marketing & Management.24(3). pp.229-259. Online: Mazanec, J.A., Crotts, J.C. and Lu, L., 2015. Homogeneity versus heterogeneity of cultural values: An item-response theoretical approach applying Hofstede's cultural dimensions in a single nation.Tourism Management.48. pp.299-304. Xu, X. and Gursoy, D., 2015. A conceptual framework of sustainable hospitality supply chain management.Journal of Hospitality Marketing & Management.24(3). pp.229-259. Perera, G.R. and Perera, I., 2018. Influence of Social Media Marketing on the Brand Image of OrganizationsintheHospitalityIndustryofSriLanka.InMediaInfluence: Breakthroughs in Research and Practice(pp. 371-383). IGI Global. Kelliher, F., Kearney, A. and Harrington, D., 2018. Managing innovation in the hospitality micro firm:Aframeworkforsensing,seizingandreconfiguringdynamiccapabilities. Hospitality & Society.8(2). pp.159-178. Martinez-Martinez, A., Cegarra-Navarro, J.G. and Wensley, A., 2019. Knowledge agents as drivers of environmental sustainability and business performance in the hospitality sector. Tourism Management.70. pp.381-389. Salwa, C.H. and Sudarsan, N., 2018. Conceptual Framework for Marketing Strategy in the Context of Small Business: A Review.IJAME. Ramdani,Dandet.al.,2018.BusinessGrowthStrategy:Collaboration-Literature Review.Sustainable Collaboration in Business, Technology, Information and Innovation (SCBTII). Chen,P.S.andHuang,P.C.,2017,May.MarketingInnovation:ANewInformative Communication Case for Skull and Palate-Craniofacial Implants. InProceedings of the 1st International Conference on Medical and Health Informatics 2017.ACM. Nagle, T.T. and Müller, G., 2017.The strategy and tactics of pricing: A guide to growing more profitably. Routledge. Felix, R., Rauschnabel, P.A. and Hinsch, C., 2017. Elements of strategic social media marketing: A holistic framework.Journal of Business Research. 70. pp.118-126. Samani,F.Sandet.al.,2017.INVESTIGATINGTHERELATIONSHIPBETWEEN MARKETING MIX ELEMENTS (7PS) AND IRANIAN EFL LEARNERS’CHOICE OF LANGUGAE INSTITUTIONS.European Journal of Foreign Language Teaching. 12
Dietrich, T., Rundle-Thiele, S. and Kubacki, K., 2017.Segmentation in Social Marketing. Singapore: Springer. Wu, Y.L. and Li, E.Y., 2018. Marketing mix, customer value, and customer loyalty in social commerce: A stimulus-organism-response perspective.Internet Research. 28(1). pp.74- 104. Andrews, J.C. and Shimp, T.A., 2017.Advertising, promotion, and other aspects of integrated marketing communications. Nelson Education. Online: Conrad Hilton Biography: The History of Hilton Hotels Corporation. 2018. [Online] Available through: <https://astrumpeople.com/conrad-hilton-biography-the-history-of-hilton-hotels- corporation/>. 5CAnalysis.2016.[Online]Availablethrough:<https://www.smstudy.com/article/5c- analysis>. Naya, A., 2013.Vlaue proposition by knowing target market.[Online] Available through: http://smallbizclub.com/startup/creating-a-plan/create-a-value-proposition-by-knowing- your-target-audience/ . 13
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