Research Project: Marriott UK Competition and Regulation Impact
VerifiedAdded on 2023/04/22
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Project
AI Summary
This research project, focusing on Marriott UK, assesses the impact of competition and regulation on its market performance. The study begins with an introduction outlining the aim and objectives, which include evaluating the effects of competition on sales, identifying the impact of regulation on profitability, and recommending strategies to enhance market performance. The research employs a mixed-methods approach, utilizing both primary data collection through questionnaires and interviews, and secondary data from research papers, journals, and online sources. The research philosophy is interpretivism, with an inductive approach and a purposive sampling method involving five managers. Data analysis involves thematic analysis, revealing that the hospitality industry faces intense competition, which negatively affects sales. The research also highlights the importance of adhering to regulations for smooth operations and brand image enhancement, and suggests service differentiation as a key strategy to overcome competition. Recommendations include adhering to laws and regulations, implementing service differentiation, and cost reduction strategies. Further areas of research are proposed, such as similar studies on other sectors and the relationship between competition and organizational performance.
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