Roles and Responsibilities of Marketing Function in Premium Inn
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This report discusses the key roles and responsibilities of the marketing function in Premium Inn, as well as how these roles are related to the wider context of the organization. It also compares the marketing mix strategies used by Premium Inn and Hilton to achieve their specific objectives.
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Unit 15: Hospitality Marketing Essentials 1
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 LO1..................................................................................................................................................3 P1 Key roles and responsibilities of marketing function with premium inn...............................3 P2 The way roles and responsibilities of marketing are related to wider context of organisation .....................................................................................................................................................5 LO2..................................................................................................................................................6 P3 Comparison of the way different organisation of hospitality organisation make use of marketing mix strategies to attain specific objectives.................................................................6 LO3................................................................................................................................................10 P4 Marketing plan of Premium inn...........................................................................................10 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14 2
INTRODUCTION Tourism and hospitality is fast growing industry across worldwide as maximum number of people are interested to have trips and tour to different destination in order to have fun and enjoyment.Marketingismost importantdepartmentof organisationthatperformseveral activities in order to attract maximum number of individuals in the firm.This report is about premium inn that has its operation in London and United Kingdom with 800 hotels and several facilities to meet expectancy of different customers. The report is based on study of roles and responsibilities of marketing function in premium inn within organisation and wider context. It has also included comparison between marketing mix strategies used by two companies that is Hilton and premium to attain their respective objectives. LO1 P1 Key roles and responsibilities of marketing function with premium inn Marketing concept Marketing concept refers to an idea which satisfies the needs of customer by providing the exact solution at the same period of time. Marketing concept runs on four steps such as target market, profitability, customer needs and integrated marketing. This consists in providing services to customers effectively and efficiently in the market to achieve the sales goal. Nowadays, company fulfils the social responsibility in order to capture the market share and to increase the sales volume which results in high profit (Vinerean, 2017). Premium inn generates sales volume through providing better service to the customer at reasonable price in the market. Current trends The company currently uses online platform, social media, electronic channels, text message, emails , internet video advertisement etc. to generate a brand image in the market between the potential customers in order to achieve the goal. Premium inn focus on current marketing trends to achieve the competitive benefit from the market which results in high sales volume for the company. Future trends Premium inn also plan about future growth and expansion in order to complete long term goals in the market. Future trends of the company are planned and executive on the basis of past experience and present technology which is available in the market. Future technology will be faster as being compared to today’s technology. Company will able to provide easy product and 3
services in coming years to the customer available in the market for the achievement of goal (Hudák, Kianičková and Madleňák, 2017). Overview of different marketing processes Goal setting:In thisfirst step,companymanagementdecidegoal and objectivetoget accomplished in a specific period of time. Premium inn set the goal for the employees working in the work process to achieve the set objective in the past. Company focuses on quality of product and services to be maintained in the market in order to achieve the planned goal. Analysing the current situation:Premium inn looks after it's threats, strength, weakness and opportunities. Company works on these four things to achieve the goal effectively and efficiently (Churchill Jr, 2017). Create market strategy:Premium inn uses 4P's strategy to capture the market share. These 4P's are Product, price, promotion and place. Company try to provide quality products at reasonable price which results in promotion between the market area. Role and responsibility of marketing manager: Marketing manager of the company needs to fulfil every role and every responsibility to promote its products and services in the market between the customers. Several roles and responsibilities performed by manager of premium inn are as follows: Quality of products and services:Premium inn manager took the responsibility to maintain the quality of products and services which are open for all customers in the market. Many a time customer attract through taste and preference of maintained quality product and services which is provided by the company (Kotabe and Helsen, 2020). Motivation:It is another key role of marketing manager of the company is to motivate the employees to promote its brand at higher level the society to increase the sales volumes and faith on the brand name. Manager of the company motivates the employee and take charge to lead the team in one Direction which result in achieving group goal. Positioning:Marketing manager of premium inn tries to attract the good deals from the customer in the market. Positioning of brand name in the market between the customers and competitors is the responsibility of marketing manager of the company. Recruitment of salesman: Premium inn marketing manager select an appropriate candidate through personal interviews in the work process. Manager places right candidate over the right job to complete the task smoothly. Number of employees needed to complete the task are been 4
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calculated by the marketing manager of the company (Saura, Palos-Sánchez and Cerdá Suárez, 2017). Training:Manager role is to provide proper training and polish their skills and ability of the employees recruited in the work process to achieve the goal. As manager has lots of experience and skills to train. P2 The way roles and responsibilities of marketing are related to wider context of organisation Interrelationship is connection between several departments of organisation so that numerous tasks can be completed and end goals can be achieved in limited time frame. There are several functions that have to be performed by organisation in order to attain specific goals like marketing, finance, front office and human resources. Premium inn have better interrelationship between several departments of organisation that has helped in effective growth and success of enterprise such as: Interrelationship between human resource and marketing Human resource department of the company provide skilled employees to the marketing team in order to generate sales volume.HR of premium inn recruit the best employees who are capable enough to attract the good deals from the market. Whereas marketing Department of the company provides the list of people to be recruited in promoting the brand name in the market. Premium Inn marketing team maintains the relationship with human resources department in order to gain best employees team to achieve the goal (Mahoney. and Tang, 2016). HR of the company looks after building of relationship between the marketing team to complete the task effectively and efficiently. Marketing Department of premium inn motivate the employees through social platforms, social media etc. Whereas HR of the company can show the excellent report of the employee.HR of the company looked after the training and polishing the skills of the employees recruited in the past and marketing department provides good working condition and fair targets while are practically achievable in the work process. Company takes time to time meeting in order to have better communication and relationship between both the Departments. This meeting helps in clarifying the role and responsibility to be functioned in the work process of achieving goal. Interrelationship between finance and marketing 5
Finance and marketing Department are both strong pillars of any company to achieve growth and expansion in the market. As marketing needs finance to promote its product and services between the people which is to be approved by the finance department of the company. Finance Department of the company looks after the profit , cost, Financial growth, sales growth etc. Whereas marketing manager of premium in looks after the sales target to be achieved in a specific period of time. Both the department needs to coordinate in order to achieve the goal of the company. Finance department of premium in looks after the cost cutting projects which are beneficial in the future where as marketing manager doesn't calculate the amount of finance involved in the work process (Grishchenko and et.al., 2016). Finance department needs to gain more work at low cost where as marketing Department only focus on sales target to be achieved at any cost. Both Department of the company are interrelated to each other as finance department cannot sales the product an marketing Department cannot run its activities without finance in order to achieve the goal. Interrelationship between marketing and production Department Premium inn management connect both marketing and production Department in a way which leads to no waste and high profit in the word process. Production department produces the finished product according to the orders collected by the marketing team in the market. Marketing manager communicates with production head in order to know the features quality, hidden benefits of the product and services which are Bing available in the market. As production department of the Premium inn knows the pros and cons of the product and services which are promoted by the marketing team of the company. Production Department of the company focuses on providing better quality of the finished product from the basic raw material provided in the work process. LO2 P3 Comparison of the way different organisation of hospitality organisation make use of marketing mix strategies to attain specific objectives Marketing mix is use of different elements or set of marketing tools like products, price, place, promotion, physical distribution, process and people for achievements of common goals. Marketing manager of different organisations have make use of marketing mix in different ways so that best outcome can be gained in minimum cost. Premium inn and Hilton are two most 6
popular hotels of London that have make use of different marketing mix strategies to attract maximum number of customers that can be illustrated as follows: Marketing mixPremium innHilton ProductsPremiuminnhaveseveral facilitiesandroomhaving consistence,specialisedand uniquecolour,furnitureand room decor so that customers can easily enjoy their vacation atplaceawayfromtheir homes. Company by changing or customising its products or servicesasperneedsand preferencesofcustomersis able to provide services that are beyond their expectancy. Ontheotherhand,Hilton resortsisfullserviceshotel like having banquet facilities, wedding,specialevent services, food and beverage, gift shops etc. Company have generallyclassifiedits products into three bases like facilitating,supportingand core products. PriceCompany have set medium to highpriceofproductsand servicesdependingupon location and time. Thus, prices are charged on basis of room rather than person. Therefore Premium inn by charging low price to customers is able to increaseitsoverallsales volume and profitability. But stillitspriceismoreas comparedtobudget competitors. Premiumandskimming pricing strategy has been used by Hilton to induce maximum individualswithinenterprise. Likecompanyforproviding morequalitativeandunique serviceshaschargedhigh price from customers so that it can achieve its goals. PlaceIt can be stated that Premium inn has its location in different Hiltonhotelhaveits operation across worldwide or 7
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areas near city centre offerings or airportsso thattravellers can easily come at hotels and fulfiltheirrespective requirements.Ithasmore than670hotelsthatare continuously growing in order tomeetnew,new opportunitiesanddemand (KemperandBallantine, 2019). more than 100 countries with 745000roomsthathelpsin deliveringbestservicesto customers. PromotionCompany have made best or optimum utilisation of digital technologiestopromoteits products or services to wide rangeofcustomersthatare livingindifferentpartsof country. Like it have make use of content, email marketing or officialwebsitetoinfluence customersandenjoyhuge profitability.Enterpriseby makinguseofallchannel form promotion is able to gain competitive advantages. While Hilton hotel have make useofbothtraditionaland modern method of marketing topromoteproductsand serviceslikeTV advertisement,billboards, content,makeuseofsocial mediaplatformtoinfluence maximumnumberof customers to become part of organisations (Tuten, 2020). Physical distributionThehotelsitselfisphysical evidencewithhavingstrong brand image to provide better servicestocustomers.The consistencylayoutand designed,imagesofhome, It can be stated that company haveitsdifferentstoresor location at several places so thatcustomerscaneasily come book room as per their comfort and ease. 8
highqualitymattressesare someseveralelementsof premiuminnthathave contributeinproviding excellentservicestolarge number of customers. PeopleIt is another important element of marketing mix that is used by Premium inn in order to get competitiveadvantagesin externalenvironment. Companyhaveeffectively hiredandtrainedemployees regardingthewayservices needtobedeliveredto customers(Doyle,2016). Thus,highlydetermined employeeshascontributein enhancingcustomer’s satisfactionleveland contributeingrowthand success of firm. Hilton has strong brand image thusmaximumnumberof individuals are ready to work for growth and development ofenterprise.Managerhave providedhealthyworking environment to employees that motivatesthemtoputtheir best for expansion of firm. ProcessCompany in order to provide optimisedcustomers experienced has worked on its process and procedure. It has Customerscaneasilybook theirroombyusingdigital technologysoallthusease andcomforthashelped Premium inn in achieving its Clearprocessandprocedure about the way particular task need to be completed has also help employees in completing particulartaskinlimited wastage of time, efforts and cost. 9
end objectives in limited time. LO3 P4 Marketing plan of Premium inn Marketing plan is prepared by manager of premium inn in order to decide or plan key future action or steps that company could take in order to gain competitive advantages in hospitality industry.In order to make and evaluated marketing plan of premium inn SOSTAC model has been used which is explained as follows: Marketing plan Executive summary It is marketing plan of Premium inn that has its operation in London, United Kingdom that is famous for delivering better services and accommodation facilities to range of customers. The marketing plan of premium inn has consist objectives, market research, strategies and the way manager will control and monitor different action so that end goals can be achieved. About company Premium inn is hotel in London that offers tasty, delicious and healthy food, accommodation facilities or room to customers to stay and enjoy their vacation. Vision and mission statement of company is to delivered services that are beyond customer’s expectancy so that company can enjoy huge brand image in external environment. Market research or situational analysis In order to conduct market research, SWOT model will be used as it helps in understanding internal and external factors that contribute company in gaining competitive advantages or maximum sales. Strength 1.Strong brand image Weakness 1.Limited resources 10
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2.Wide products and service portfolio 3.Highly trained and qualified employees 4.Global presence Threat 1.Increasing competition level 2.Impact of covid -19 3.Brexit Opportunities 1.To take advantages of emerging market 2.To make best use of digital technologies 3.To form collaboration with another firm. Objectives To increase profit margin by 15% till 2021. To find alternative method to ensure safety of customers so that in case of covid-19 also they are motivated to be part of organisation. To make more use of digital technology in order to enhance customers satisfaction level. To take step towards sustainable management so that maximum value can be provided to customers at minimum rates. Strategies Marketing manager of Premium inn has planned to make use of segmentation, targeting and positioning strategies to induce maximum number of customers to select its products rather than other competitors in market. Company have segmented people on basis of several criteria like demographical, psychological, and geographical and income basis so that right strategies can be decided to influence right individuals. It has target customers that are mostly interested to have travelling to such a place or hotel that have luxury or more qualitative services to meet their needs. Younger generation and people that 11
belong to high income group are mainly targeted by premium inn for achieving its objectives. Company have effectively positioned its brand image in minds and hearts of customers by delivering qualitative and better services to wide range of customers (McDonald and Wilson, 2016). Physical location, strong brand image and reputation are important point that describe that company have created its strong presence in tourism and hospitality industry of London. Tactics Marketing mix are tactics that have been used by Premium inn marketing manager to motivated or add new and new customers within organisation. Such as: Products: Company have highly classed room with qualitative services that helps in meeting customer’s expectancy and increasing overall sales volume of firm around the year. Price:Premium inn has make use of both skimming and premium price strategies to expand and grow its business operation across worldwide. Place: It has operation in different location so that customers as per their choice and preferences can select the best possible action and meet their respective requirements. Promotion:Mostly digital technologies has planned by marketing manager of premium inn to make use to attract customers as it helps in providing more personalised and better experienced to customers (Rundh, 2016). Budget of marketing plan ExpenseAmount Stationery500 Marketing expense1200 Research and development1000 Wages and salary to employees1500 Rent800 12
Total5000 Action and control Marketing manager in order to implement the above plan has planned several strategies in advance and task, roles and responsibilities which need to be performed by specific individuals so that end goals can be achieved. It has clear specific about vision and mission statement of firm and the best way task can be completed and resources can be optimum utilised so that customers can be make happy and satisfied. In order to control several activities, manager of premium inn has planned to make use of information technology that helped in collecting and storing data related to actual performance of employees (Di Gregorio and etal., 2019). Thus, helps manager in planning appropriate strategies that could be used to attain desired goals of organisation. CONCLUSION It can be concluded from above report that premium inn marketing manager by devoting its hard efforts is able to promote growth and success of organisation. It by effectively conducting market survey, analysing recent trends and opportunities is able to decide appropriate course of action that could be taken by organisation to gain competitive advantages. The report also summarised that marketing manager have make best use of marketing mix elements to enhance profitability and market share of firm in hospitality industry of United Kingdom. 13
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