Never Judge a Book by It’s Cover Speech

Good Morning, fellow students and Teachers, Today I will be talking about the topic â€Å"Never Judge a book by its cover†. Never judge a book by its cover is a saying the meaning is never Judge someone or something by what they look like. If you didn’t play with a person when they Asked because you think they don’t look Pleasant you may be wrong they might Be really nice on the inside and very Fun. Also it’s not what they look on the Outside it’s what’s on the inside thatCounts the most. I may not have eaten the sushi at The party because it looked yucky, Well maybe I’m wrong maybe it Tastes yummy. That’s another Don’t judge a book by its cover but it is a don’t judge the food on how it looks. It’s also like if I didn’t eat the passion Fruit because it looks yuck well I Have already eaten the passion Fruit so it’s not about me it’s about You. Every time I have passion fruit For fruit br eak I have people come Up to me and say uhh†¦ nd all Of those people who do this haven’t Even tried it. That’s another don’t judge food on What it looks like. So I think I’ve made my point so Next time you something that Looks unpleasant try it! You Never know when it comes To food, fashion, furniture And many more things. Next time you see someone Who looks unpleasant ask them To play because the chances Of you having a new best friend is possible! Thank you for listening to my Speech topic!

Hospitality and Tourism Marketing Strategies The WritePass Journal

Hospitality and Tourism Marketing Strategies 1.0 Introduction Hospitality and Tourism Marketing Strategies 1.0 Introduction 1.1 Porter 5 forces analysis of TravelodgeForce 1:  The  degree  of  rivalryForce2: The threat of entryForce3: The threat of substitutes Force4: Buyers powerForce5: suppliers power1.2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Porter 3 generic strategies1.3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Value chain analysis of TravelodgePrimary ActivitiesOperationsOutbound LogisticsMarketing and SalesServiceSupport ActivitiesTechnology DevelopmentHuman Resource Management (HRM)Firm Infrastructure2.1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Boston Box Matrix analysis2.3 Product life cycleProduct life cycleIntroduction StageGrowth StageMaturity StageDecline Stage2.3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Market segmentationBusiness TravellersLeisure TravellersGroup Meeting TravellersOther Travellers3.1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Creating and Developing Customer loyalty Zone 1: The Zone of IndifferenceZone 2: The Zone of SatisfactionZone 3: The Zone of DelightZone 4: The Zone of Loyalty3.2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Network and relationship marketing3.3   Ã‚  Ã‚  Ã‚  Ã‚   Viral and Guerrilla marketingReferencesRelated 1.0 Introduction The original Travel Lodge brand was first established by its founder Scott King, in 1939 by opening the first motels in southern California. During its starting phase, it highlighted itself as a budget motel chain offering functional accommodation at lower rate than other lower chain by providing comfortable beds, free TV and room phones, carpeted floors, in-room coffee pots and pools. Travel Lodge is fastest growing and most recognized budget Hotel Company in the United Kingdom. Travelodge  currently has  466  hotels  and  32,477  rooms  in  the UK, Ireland  and Spain. The  budget  hotel chain  has  one  goal  is  to have  1,100  hotels  in Europe  with more  than 100,000  rooms  in 2025. With  5,714  rooms and  40  hotels in  the  capital, Travelodge,  the fastest  growing hotel chain,  has taken the title  of  being  the  largest brand from the  Hilton  hotel  in London. This company was first lunched as first budget hotel brand in the UK in 1985 and is today one of the major branded hotel companies in the united kingdom with nearly 460 hotels. This chain is employing around six thousands staffs and more than seven million people stayed there in 2010 and more than eight seven booking are being made through online. Room rated start at  £19 per night, which is attracting the huge amoun t of customers. Travelodge is a brand champion of consumers; focus on driving prices in the hotel industry to encourage more people to use the hotels. Low prices of the chain budget delivered by commitment to operational efficiency and low cost business model. Only this year, Travelodge will offer over  £ 2,000,000 rooms at  £ 29 or less. Travelodge Heathrow Central 3 star hotel is situated on the Bath Road where most big Heathrow hotels are located. Its actually in the far east of the airport perimeter which is about 2 miles from terminals 1, 2 and 3 in the central area and terminal 4 in the southeast corner of the airport. This situation is actually quite convenient for the West London / Central London as the right side of the A4 London airport. A normal journey by car / taxi in west London takes about 20 minutes and 30-40 minutes to central areas. This location travel lodge was established in 2008 with the aim of providing budget priced accommodation in the Heathrow area. There is licensed bar cafe where breakfast, lunch, snack, dinner and drinks can be purchased within the hotel. 1.1 Porter 5 forces analysis of Travelodge Michael E. Porter of Harvard Business School developed a five forces framework for industry analysis and business marketing strategy development in 1979, which was aimed to increase the overall industry profitability. As stated by porter (1980) there are five forces that determine industry attractiveness and long-run industry profitability. These five competitive forces are: The threat of entry of new competitors (new entrants) The threat of substitutes The bargaining power of buyers The bargaining power of suppliers The degree of rivalry between existing competitors This forces and their rivalry can be best understood by the following diagram: Source: Porter (1980) Force 1:  The  degree  of  rivalry The  intensity  of  the  rivalry, which is  the  most  obvious  of  the  five  forces  in  an  industry, helps  determine  the extent to  which  the value  created by  an  industry  that  is  dissipated through the head  to  head  competition.  The most valuable contribution  of  Porters  five forces in the  context  of  this  problem  may  be  its suggestion  that  rivalry,  while important, is  just one of  several  forces that  determine  industry attractiveness. The degree of rivalry is very high because Heathrow area is the busiest area where around 50 star hotels are operating among them 16 hotels are 3 stars so, but Travelodge is competing with them with its cheapest budget 3 star hotel with high standard infrastructure and service. Premier inn is the one of the largest competitor having more rooms and facilities more than but Travelodge low price strategy and global largest chain playing the great role. Force2: The threat of entry Potential and existing competitors influence average industry profitability. Unless the entry of new firm is barred, the rate of profit will fall towards its competitive level. The threat of entry rather than actual entry might be sufficient to make sure that established firm constrains their price to the competitive level. By contrast, existing entry barriers whenever difficult or not economical feasible for an outsider to replicate the position of incumbents (Porter, 1980; Sanderson, 1998). Threat of new entry is low as brands  are  very important  in  the hospitality industry.   Travelodge  use  its name  from a  strong brand  to attract new  customers  and  retain  old ones.  Moreover,  an economy  of scale is also  a  very  important  factor  inthis  industry.   The  profitability  of  Travelodge  is  higher  than  the individual operations.  A  new entrant  cannot compete  with established players  in terms  of quality and  price  if  they can  achieve economies  of scale.  Being  Travelodge, a capital  intensive industry  with  a lot  of it, tied  in fixed costs,  makes  entry  to most difficult.  Protection  of the  Government  for the tourism sector  is very  high and  this  in turn  blends  into  the  hotel industry  and it is  thus  attractive  industry  in  general. Force3: The threat of substitutes A threat  of substitutes  exists  if  there are  alternative products with  lower  prices  of  better performance  parameters  for the same purpose.  They could potentially  attract  a significant proportion  of  market volume  and hence  reduce the  potential  sales volume for  existing industries. This  category  also  relates  to  complementary products. The main  substitutes  for the  hotel industry  are camping  and  recreational vehicles  for tourists,  corporate  guest houses  for business travellers  and  other  informal  means  of accommodation  with family  and friends.  Compared to  the  hospitality industry, these are much  cheaper alternatives, so  their prices  very high  values and  switching costs  very low.  This  makes  the  attractiveness of  the industry  in terms of  substitutes,  low. But, Travelodge is the one who is offering the high standard service at cheap price so the threat of substitutes is low. Force4: Buyers power The most important  factors affecting the  purchasing power  are the  size  and concentration  of customers.  Other factors,  the  extent to which  buyers  are informed  and concentration  or diversity of  competitors. Kippenberger  (1998)  states that  it is  often useful  to distinguish  the potential  buyer  in the purchasing power  of  desire  or  incentive to use  that  power, readiness,  which comes  mainly from the  risk of  failure,  associated  with its use. As far as the cheap price accommodation, there is low buyers power in case of Travelodge. Travelodge has numerous customers who are relatively very small in size. Loss of a single customer has little impact on it and finally this drives down the buyers bargaining power. Likewise buyers threat of backward integration is almost impossible and so is the company threat is forward integration. Force5: suppliers power The term suppliers include all the sources for inputs that are needed in order to provide goods or services. Basically the key suppliers of the hotel industries are; labour suppliers and real estate suppliers. All the suppliers in the market are defined as customers suppliers those who supply customers like travel agents, airlines companies, and other organisations where as property owners, infrastructure suppliers and housing and decoration are real state suppliers. Beside that labour suppliers have also key role to the company. Overall, supplier power is low as customers suppliers is low as it is the budget chain hotel and get customers from its chain hotels along that its cheap accommodation is also the main customer attractiveness. About the labour suppliers they have also moderate power because of the huge number of labour suppliers so they is big competition between the suppliers, on the other hand due to the national legal policy, minimum wages has to be paid so unlike other countries, this company cant hire the labour less than minimum wages. The number  of suppliers  for the  hotel  industry  is quite  large and  each supplier  is very  small  compared to  the  leading  players  in the industry.  Few powerful  players are  essential  to the  suppliers.  Substitutability  suppliers  are also  quite  possible  and affordable.  Switching  between  estate agents  is not  going to  affect  significantly  the companys  hotel.  However,  in terms of  quality,  training centres  for  workers  and producers  who provide  ICT  systems  that for  property management  are relatively  difficult to replace.  Therefore,  in terms of  attractiveness of  alternative  suppliers of  the industry  is moderately  high. 1.2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Porter 3 generic strategies Porters  generic strategy  matrix,  which  emphasise  the  costs leadership,  differentiation and focus  based on  three options for  businesses,  has  dominated  competitive firms strategy since Generic strategies were first presented in two books by Professor Michael Porter of the Harvard Business School (Porter, 1980, 1985).  According to  this  model,  a company  can  choose  how  to compete  on the  basis  of match  between  the  type  of competitive advantage  and objective  market  as  the main  determinants  of  choice. Porter, generic strategy  typology  remains a most  notably  in  the  strategic  management literature. A  business  can maximize performance  either  by  striving  to  be the  low cost producer  in an  industry  or  by  differentiating their line of products  or  services  from other companies; either of these  two  approaches  can  be a ccompanied by  a focus of organizing efforts  in a  particular  segment market. Travelodge business purpose is to provide its service for everyone by delivering low cost and maximum value for money accommodation to all customers and highly attractive, efficient and convenient stop-overs or stay-overs. Its overall strategy is cost leadership, this can be realised by its offer room starting from  £19, where as its more than 80% internet booking playing a key role to minimise its operational cost, as a result it has been possible to become cost leadership. 1.3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Value chain analysis of Travelodge The value chain is a systematic approach to examining the development of competitive advantage. It was created by M. E. Porter in his book, Competitive Advantage (1980). The chain consists of a series of activities that create and build value. They culminate in the total value delivered by an organisation. The margin depicted in the diagram is the same as added value. The organisation is split into primary activities and support activities. Primary Activities Inbound Logistics Activities related to receiving the materials from the supplier, storing them externally sourced materials and handling them within the firm where goods are received from a companys suppliers and are stored until they are needed on the production/assembly line is called inbound logistics. Travelodge ensures the right components are delivered to the right manufacturing point at the right time and they appoint their right supplier in time with certain terms and conditions, therefore the inbound logistics is good. Operations This section includes all the activities concern with the production of products and services. In case of Travelodge, it has been divided into three sections as reception, room service and food service. Its food service is delivered thorough its restaurant, it has its own business, there is no connection with residence and food like others star hotel. As far as the customers complaints found in blog, most of them are related to cleaning and security, so Travelodge is operation is not so good its just moderate. Outbound Logistics The goods are now finished, and they need to be sent along the supply chain to wholesalers, retailers or the final consumer. These are all the activities related to distributing the final product or service to the customers. Travelodge has its unique outbound logistic system where they get customer from its travel agents, its own branches and its cheapest budget hotel policy. Because of its good outbound logistics system, travel is the one of the hotel chain, which didnt suffer of last economic downturn. Marketing and Sales In true customer orientated fashion, at this stage the organisation prepares the offering to meet the needs of targeted customers. This area focuses strongly upon marketing communications and the promotions mix. In Travelodge, this area essentially analyses the needs and desires of customers and its responsible for creating awareness among the target group about the company products and services. Travelodge is using the marketing communication like advertising, sales promotion and cheapest budget hotel strategy to attract the customers to their products. By analysis its marketing and sales, it seem to be at good position, their e-marketing is excellent because of that Travelodge is saving its huge amount of money in advertising. Travelodge subsidiaries are in throughout the world so it marketing of any part of the world to some extent affects company popularity. Recently, Travelodge has an advertising agreement with Google which is expected to enhance the sales. The new strategy has been created to differentiate Travelodge from competitors in hotel sector and to move its marketing focus beyond its cheap price. New campaign the Sleep Tight will be a collection of cuddly toy animals going under the name Mr Sleep and the Z Squad. The marketing team is doing whatever is necessary to ensure a good night’s sleep and the first advertisement lunched on first may 2010. Travelodge launched a new TV advert in February 2011, featuring its famous Mr Sleep and his pal Big Ted. The 30 second TV ad featured the two teddy bears travelling around the UK, staying at various Travelodge hotels. Service This includes all areas of service such as installation, after-sales service, complaints handling, training and so on. There is often required to provide services like pre-installation or after-sales service before or after the sale of the products or service. Travelodge is mostly focusing on its pre-installation service and less effort on after sales service so they are not handling their customer complaints. Support Activities Procurement This function is responsible for all purchasing of goods, services and materials. The aim is to secure the lowest possible price for purchases of the highest possible quality. They will be responsible for outsourcing and purchasing using IT and web-based technologies to achieve procurement aims. Procurement activities are running through a system, like purchasing goods is being done by the competition between the suppliers and IT infrastructure contact with big IT companies. Technology Development Technology is an important source of competitive advantage in Travelodge by using them to innovate to reduce costs and to protect and sustain competitive advantage. This could include production technology, Internet marketing activities, lean manufacturing, Customer Relationship Management (CRM), and many other technological developments. Travelodge is very good for using latest and modern mainly internet technology. Human Resource Management (HRM) Employees are an expensive and vital resource. An organisation would manage recruitment and s election, training and development, and rewards and remuneration. The mission and objectives of the organisation would be driving force behind the HRM strategy. Travelodge has its own HR department where all recruitment selection, training and rewarding system are being done. For cleaning service, Travelodge has a contract with other outside cleaning companies with certain terms and conditions and is supervising their works. Firm Infrastructure This activity includes and is driven by corporate or strategic planning. Travelodge uses the Management Information System (MIS) and other mechanisms for planning and control such as the accounting department, finance and corporate strategy which make Travelodges better company infrastructure. 2.1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Boston Box Matrix analysis The Boston box is a classic tool of strategic planning and was developed in the early 1970s by Bruce Henderson. Matrix provides a useful tool for analysing an organisations portfolio of business units, product lines, offerings or activities. It helps businesses to identify which products to invest in and which not to invest in depending on their relative market share and the growth rate of the markets they serve. Using the BCG Box, a company classifies all its strategic business units according to two dimensions as horizontal axis; relative market share this serves as measure strength in the market this provides a measure of market attractiveness. Residential rooms are the product of Travelodge, by selling them it has been running its business and now it steps to the stage where company is getting a good profit and investing to expand its service. By dividing the matrix into four areas, four types of units can be distinguished: Stars   Stars are high growth businesses or products competing in markets where they are relatively strong compared with the competition. Often they need heavy investment to sustain their growth. Eventually their growth will slow and, assuming they maintain their relative market share, will become cash cows. Cash Cows   Cash cows are low-growth businesses or products with a relatively high market share. These are mature, successful businesses with relatively little need for investment. They need to be managed for continued profit so that they continue to generate the strong cash flows that the company needs for its Stars. Question marks   Question marks are businesses or products with low market share but which operate in higher growth markets. This suggests that they have potential, but may require substantial investment in order to grow market share at the expense of more powerful competitors. Management have to think hard about question marks which ones should they invest in? Which ones should they allow to fail or shrink? Dogs   Unsurprisingly, the term dogs refers to businesses or products that have low relative share in unattractive, low-growth markets. Dogs may generate enough cash to break-even, but they are rarely, if ever, worth investing in. As Travelodge has high market share with a slow-growing industry and these units typically generating cash in excess of the amount of cash needed to maintain the business therefore falls on cash cow business strategic units. This company is running more than 30 years and successful business in UK hotel industry with relatively little need for investment. 2.3 Product life cycle The life of a product is the period over which it appeals to customers. The sales performance of any product rises from nothing when the product is introduced to the market reaches a peak and then declines to nothing again. With respect to the revenues generated by a product over a period of time, there are various stages that are achieved by any product. This is called a product’s life cycle. A product life cycle mainly consists of below mentioned four stages. Product life cycle Source: Graham R. Massey, (1999) Introduction Stage At the Introduction Stage market size and growth is slight. It is possible that substantial research and development costs have been incurred in getting the product to this stage. In addition, marketing costs may be high in order to test the market, undergo launch promotion and set up distribution channels. It is highly unlikely that companies will make profits on products at the Introduction Stage. Products at this stage have to be carefully monitored to ensure that they start to grow. Otherwise, the best option may be to withdraw or end the product. Travelodge created product awareness develop a market for the product. No profits were made when it was at introduction stage as development costs have not yet been covered. It took a substantial amount of time to catch on in the market before they enter their growth phases. Growth Stage The Growth Stage is characterised by rapid growth in sales and profits. Profits arise due to an increase in output economies of scale and possibly better prices. At this stage, it is cheaper for businesses to invest in increasing their market share as well as enjoying the overall growth of the market. Accordingly, significant promotional resources are traditionally invested in products that are firmly in the Growth Stage. After the   year of 2000, Travelodge is considered in growth stage, when it was expanding throughout UK and they were investing their profit to open new hotels. Maturity Stage Currently Travelodge is in maturity stage, maturity Stage is, perhaps, the most common stage for all markets. It is in this stage that competition is most intense as companies fight to maintain their market share. Here, both marketing and finance become key activities. Marketing spend has to be monitored carefully, since any significant moves are likely to be copied by competitors. The Maturity Stage is the time when most profit is earned by the market as a whole. Any expenditure on research and development is likely to be restricted to product modification and improvement and perhaps to improve production efficiency and quality. Decline Stage Travelodge is expected to be in maturity stage after some decades when its market is shrinking, reducing the overall amount of profit that can be shared amongst the remaining competitors. At this stage, great care has to be taken to manage the product carefully. It may be possible to take out some production cost, to transfer production to a cheaper facility, sell the product into other, cheaper markets. Care should be taken to control the amount of stocks of the product. Ultimately, depending on whether the product remains profitable, a company may decide to end the product. As travel was established before more than 25 years and it has more than 460 hotels in United Kingdom, it is making a good profit and one of the established budget hotel therefore it is in the maturity stage in the life cycle. 2.3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Market segmentation Segmentation is the term given to the grouping of customers with similar needs by a number of different variables. Once this has been done, segments can be targeted by a number of targeting strategies.   Based on Travelodge business goal, competition and customers, they have divided their market into four segments business, leisure, group, and other as described below: Business Travellers Business travellers represent a large portion of lodging demand in many market areas.   Travelodge include people travelling on business representing commercial, industrial and governmental organizations. It is important to understand why business travellers are visiting the market area and how many room nights they generate.   Reasons for visiting a particular area might include conducting business with a company recruiting, training, management meetings calling on multiple businesses and stopping over between destinations. Leisure Travellers Leisure travellers may visit an area for a vacation, to attend sporting or social events, to shop, or to visit friends and relatives.   They might be staying over simply because they are travelling to other destinations. Leisure travellers may be individuals, couples, families, or small groups.   Travellers visiting hospitals and universities are typically included in this market segment. Leisure room demand is often seasonal.   In larger, Travelodge more urban market areas, leisure room demand may be limited to weekends, summer months and holiday periods. Group Meeting Travellers For Travelodge, group market consists of both leisure and business travellers but due to the size of meeting or gathering hall they limited this segment as small group meeting travellers.   Leisure groups include bus tours, school activities, athletic events, etc.   Tour groups are often brought to an area for sightseeing and attending special events.   Local attractions that appeal to leisure tour groups may have records of the numbers and names of tour operators who have visited their attractions. Business group meetings are typically associated with board meetings, training programs, seminars, trade shows, and other gatherings.   Often the sponsoring organization will be from the local area.   Out-of-town organizations may use logical meeting facilities because they often rotate the sites of their regional meetings.   Information on the group meeting market can be obtained through state chapters Other Travellers Various lodging customers cannot be classified under the categories of business, leisure, or group. These travellers may include construction workers, truckers, utility crews and others.   Activity at local truck stops, distribution centres, long term construction projects and other sources of demand could help you estimate the significance of this market segment. 3.1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Creating and Developing Customer loyalty Generally, customer loyalty can be defined making customers feel that they are the companys number one priority. Competitive advantage can be achieved through customer loyalty. This is the way to gain the best kind of customers, repeat customers. Repeat customers tend to spend more money and provide the best personal advertising. Customers feel customer loyalty when they consistently purchase a certain product or brand over an extended period of time. As an example, many customers stick to a certain travel operator due to the positive experiences they have had with their products and services. In Travelodge, customer loyalty is the key objective of customer relationship management and describes the loyalty which is established between a customer and companies, persons, products or brands. This company believes that the individual market segments should be targeted in terms of developing customer loyalty. The Customer Loyalty Grid is helpful to understand customer loyalty better. This grid is divided into four zones, as shown in the diagram below: Zone 1: The Zone of Indifference Zone of indifference includes those services which are unstated but expected. Literally, this includes all those customer needs and wants that are basic to fulfilling the contract between you and them. For example, customers expect to be treated with courtesy and respect, and would probably be puzzled and maybe even insulted if customer asked them if this was a need. It of course is, and if dont meet this need; it will cause dissatisfaction for example sometimes travel lodge cleaning service and infrastructure are criticised by the customer. If you meet this basic and obvious need, the best you can hope for is indifference. Zone 2: The Zone of Satisfaction This is where your customer actually tells what is important to them. Meeting a customers needs here will cause satisfaction, whereas not meeting them will cause huge dissatisfaction. For example, Travelodge advertise that it has offer room for  £19 per night, customer think that if even they don’t book before, it not going to hogh price for the room but sometime it is, this cause a customer dissatisfaction. It is an expectation, simply because other organizations that the customer deals with provide this benefit. Zone 3: The Zone of Delight This is where your customer hopes for something, asks for it, but really does not expect to provide it. This is opportunity to provide something beyond their expectations and by so doing will create delight. For example, a customer might ask for something that is usually available only in a premium priced product. Not providing it will unlikely cause dissatisfaction. Therefore this is an area for particular attention in building a loyal customer base. This area is not seem to be good at Travelodge. Zone 4: The Zone of Loyalty This is an area where hotel expertise in whatever product or service you provide and the customers lack of knowledge can really give back. Providing benefits above and beyond what the customer is even aware of can create a loyal customer. This requires you to be really proactive in suggesting to customers new innovations that they can really benefit from. Many customers will be even willing to pay extra for this. In case of Travelodge, it is very careful about the hidden cost of hotel so tries to offer like welcome drinks, some gift for celebrating birthday customer. At Travelodge, Customer loyalty is the key objective of customer relationship management and describes the loyalty which is established between a customer and companies, persons, products or brands. If this company be careful about all the zone of matrix then of it will create and develop best customer loyalty than currently. 3.2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Network and relationship marketing Network and Relationship Marketing has evolved as a strategic marketing approach which is oriented towards attaining long-term profitability and value creation by interactions and mutual exchange among customers, suppliers and other stakeholders. It is also can be adopted to enhance the competitiveness and profitability of a value delivery network (supply chain). Better integration and shared mutual values can be developed through relationship marketing across value delivery network. Network marketing is commonly known as multi-level marketing. It is part of the direct selling industry and is run as a business-distribution model that allows a parent company to market its products directly to consumers through a large network of distributors and consumers, thereby bypassing the middleman. Travelodge is mainly focus on relationship marketing, they have a customer record keeping system so they treat regular customer specially. They are promoting relationship marketing by developing the good relationship.    3.3   Ã‚  Ã‚  Ã‚  Ã‚   Viral and Guerrilla marketing Guerrilla Marketing is an unconventional system of promotions on a very low budget, by relying on time, energy and imagination instead of big marketing budgets. The term has since entered the popular vocabulary to also describe aggressive, unconventional marketing methods generically. Viral marketing and viral advertising refer to marketing techniques that use pre-existing social networks to produce increases in brand awareness, through self-replicating viral processes, analogous to the spread of pathological and computer viruses. It can be word-of-mouth delivered or enhanced by the network effects of the Internet. Viral marketing is a marketing phenomenon that facilitates and encourages people to pass along a marketing message voluntarily. Viral promotions may take the form of video clips, interactive Flash games, images, or even text messages. As travel is considered itself as a largest budget hotel in UK and investing millions of pound on marketing so Travelodge don’t think about adopting Guerrilla marketing.   But talking about viral marketing Travelodge is to some extent using if we see internet we can see many images and video clips about the service and infrastructures. Viral marketing is the Travelodge authorised company strategy as well but guerrilla marketing is not Travelodge policy.    References Porter, M.E. (1980)  Competitive Strategy: Techniques for Analyzing Industries and Competitors  , Free Press, New York, 1980. Sanderson, S. (1998) New approaches to strategy: new ways of thinking for the millennium, Management Decision, Vol. 36 issue 1, pp.9-13. Graham R. Massey, (1999) Product evolution: a Darwinian or Lamarckian phenomenon?, Journal of Product Brand Management, Vol. 8 Iss: 4, pp.301 318 Howard, Theresa (2005).  USAToday: Viral advertising spreads through marketing plans.  USA Today. Fornell, C. and Wernerfet, B. (1987) Defensive marketing strategy by customer complaint management  : a theoretical analysis,  Journal of Marketing Moloney, Chris X. (2006) Winning Your Customer’s Loyalty: The Best Tools, Techniques and Practices AMA Workshop Event(s). Misc. materials distributed related to event(s). Kotler, Philip, Armstrong, Gary, Saunders, John and Wong, Veronica. (1999). Principles of Marketing 2nd  ed. Prentice Hall Europe McKenna, R. (1991) Marketing is Everything,  Harvard Business Review, Jan-Feb, 1991, pp 65–70

Free Essays on The Detailed Setting Of John Updike’s “A & P”

and colorful imagery to help develop the setting of story. The setting that we see in A & P comes to us through the eyes of Sammy. The way in which Sammy describes the physical elements around him helps to develop Sammy’s personality. The setting of A & P is developed with great detail. For example, Updike describes a specific event where, â€Å"†¦ [the girls] shuffeled out of sight behind a pyramid of diet delight peaches.† Statements like this are what make this story so interesting. Updike could have simply said behind a pyramid of cans, but he goes into great detail, using the name of the canned product. †¦ [i]f you stand at our front doors you can see two banks and the Congregational church and the newspaper store and three real-estate offices and about twenty-seven old freeloaders tearing up Central Street because the sewer broke again. Updike also goes into great detail about how the world outside of the A & P looks. â€Å"†¦ [o]ur town is five miles from a beach †¦ we're right in the middle of town.† Sammy describes what is not visible from the front doors of the A & P which makes his description even more vivid. By applying such vivid descriptions Updike is trying to show the expressivity of Sammy. Sammy gives precise detail about the setting outside the store to allow the reader to step into the scene and imagine the A & P surroundings as if they are actually there. â€Å"After awhile they come around out of the far aisle, around the light bulbs, records at discount of the Caribbean Six or Tony Martin Sings or some such gunk you wonder they waste the wax on †¦[.]† When Sammy is describing what items can be found in that ... Free Essays on The Detailed Setting Of John Updike’s â€Å"A & P† Free Essays on The Detailed Setting Of John Updike’s â€Å"A & P† The short story â€Å"A & P† by John Updike is a story of a boy, Sammy, who works at an A & P grocer. On the surface, this story appears to be a short story of a boy with a crush on a few teenage girls who come into the store where he works. The author uses certain elements such as descriptive words and colorful imagery to help develop the setting of story. The setting that we see in A & P comes to us through the eyes of Sammy. The way in which Sammy describes the physical elements around him helps to develop Sammy’s personality. The setting of A & P is developed with great detail. For example, Updike describes a specific event where, â€Å"†¦ [the girls] shuffeled out of sight behind a pyramid of diet delight peaches.† Statements like this are what make this story so interesting. Updike could have simply said behind a pyramid of cans, but he goes into great detail, using the name of the canned product. †¦ [i]f you stand at our front doors you can see two banks and the Congregational church and the newspaper store and three real-estate offices and about twenty-seven old freeloaders tearing up Central Street because the sewer broke again. Updike also goes into great detail about how the world outside of the A & P looks. â€Å"†¦ [o]ur town is five miles from a beach †¦ we're right in the middle of town.† Sammy describes what is not visible from the front doors of the A & P which makes his description even more vivid. By applying such vivid descriptions Updike is trying to show the expressivity of Sammy. Sammy gives precise detail about the setting outside the store to allow the reader to step into the scene and imagine the A & P surroundings as if they are actually there. â€Å"After awhile they come around out of the far aisle, around the light bulbs, records at discount of the Caribbean Six or Tony Martin Sings or some such gunk you wonder they waste the wax on †¦[.]† When Sammy is describing what items can be found in that ...

Analysis of Tyrells Potatio Chips business

Analysis of Tyrells Potatio Chips business The team of the Tyrrell potato chips is very passionate about growing potatoes and turning them into delicious chips. Having travelled the world in the last nineties in search of the perfect potato chips production method and equipments. Therefore later on the equipment and methods were brought to Tyrrell’s court farm and launched a product that would be Britain’s best loved â€Å"premium† snack product. The main objective of the Tyrrell’s potato chips was to get closer to the customers. Therefore as a result Tyrrell potato chips developed a more sophisticated chip. He mainly cut the potatoes thicker so that it retained more potato flavor. Due to this the final product was very different from other products and therefore the customers were happy to pay a premium price for a superior quality and a better tasting product. Since the launch of Tyrrell potato chips in 2002, it has built over 4000 customers. They include independent retail customers and many pr estigious food retailers. Therefore Will Chase continues to evolve his dream and remain devoted to develop the Tyrrell’s brand using his Herefordshire farm. What advice would you offer Will Chase, the owner of â€Å"Tyrrell’s chips†, as to how to develop and grow its customer base amongst customers from higher social grades, without either changing or losing the perception of its product coming from a Herefordshire farmer. With reference to: http://en.wikipedia.org/wiki/Customer_base 2010 11:30am customer base is defined as: The customer base is the group of customer and/or consumers that a business serves. In the most situations, a large part of this group is made up of repeat customers with a high ratio of purchase over time. These customers are the main source of consumer spending. In many cases, the customer base is considered the business’s target market, where customer behaviors are well understood through market research or past experience. All act ions the company takes would be through consideration of its customer base. Companies with a customer base consisting mainly of large companies may increase their customer base by pursuing small and mid-size companies Businesses in war zones may temporarily expand their customer base to include military personnel, but ongoing violence can drive away a local customer base. The advice offered by me to Will Chase will be based on three main points i.e.: Maintaining company’s image Customer relationship management (CRM) Emphasis on core benefits of unique selling proposition (USP) Maintaining company’s image means that whatever action is taken by the members of the company it should make sure it gives a rise to the company’s name and not a fall. The company’s image can be maintained by considering the 4p’s of marketing, the 4p’s of marketing are as follows: product, price, place and promotion. Customer relationship management (CRM) is the overal l process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction. Unique selling proposition (USP) is a marketing concept that was first proposed as a theory to explain a pattern among successful advertising campaigns of the early 1940s. It states that such campaigns made unique propositions to the customer and that this convinced them to switch brands. The term was invented by Rosser Reeves of Ted Bates & Company. Today the term is used in other fields or just casually to refer to any aspect of an. object that differentiates it from similar objects

Business Strategy Game Report Essay Example | Topics and Well Written Essays - 1500 words

Business Strategy Game Report - Essay Example Management’s decision is very crucial to the development of strategies and in the achievement of the company. Working as a team of co-managers in charge of the company operations is essential for successful implementation of a decision made and their integration in achievement of overall strategic plan. This report will also critically look on the decisions made and how their impacts on the general performance of the company. Charts will be employed in the analysis to show the performance of the company in different regions in which it operates in which include Asia, North Atlantic, Africa and Latin America. 2. Industry and company report The company strategy was cost focus. At the beginning, we started to increased price because demand was high and supply was low, and from year 14 we started to reduce the price, so we have started selling our shoes at a high price in four different regions and every year we made profit, we increased our plan capacity. We started at 11 year wi th total 6000 plan capacity, and at the end of year 20 we have nearly 20000 planning capacity. Now we can produce shoes at a lower price. Earning per share was high for company B, E and F, and they are characterised by high score which is above the expectation of the investors in terms of EPS. Company B had high performance which was above 15 while the other two company’s performance was between 2 and 3. The other companies are performing below the expectations with company H being the lowest. Company A, B and F has an average performance in terms of credit rating which is above the investor’s expectation. The other companies are not performing well though they are still within the expectation of the investors. The performance of the companies in terms of net profit will also be discussed. All companies had similar performance in the beginning of the period, but year 14 is characterised by a significant change with company B as it scored a high net profit while company H scored lower. Company B has recorded the highest net profit level while company F had recorded substantive losses. The decisions made by company H resulted into its poor performance. The level at which celebrities are endorsing the company products will also be analyzed. The records clearly show that many celebrities had lengthy contracts with companies which ranged from 4 to 6 years. This is a clear indication that the celebrities had full confidence on the company products. 3. Clarity of strategic position The performance of the company’s shows an increase in plant investments and plant capacity from the 14th year. It is clear that the production of the company increase from year 11 where the company recorded 6000 pairs and $255,000 of investment. By the end of year 14, the company recorded 800 pairs with an investment of $320,480. Years later in year 18, there is an upward trend which is a clear indication of high improvement. Year 20 is characterised by an excellent pe rformance which makes it possible for an upward trend in production and investment. From the collected data, it is evident that the distribution fluctuated over the period, and there was no constancy. In the beginning, distribution seems to be very high though it drops at year 16 where 600 pairs were distributed. The

A Scandal in Bohemia by Arthur Conan Doyle Essay - 1

A Scandal in Bohemia by Arthur Conan Doyle - Essay Example The narrative discourse is distinct from the story because the events are arranged in a chronological manner. Instead of arranging the information of the story in a manner that makes sense, the author switches the story between the characters or moves the reader through flashbacks and flash-forwards. Although narratives of all genres are ubiquitous in the day-to-day life, Doyle’s narrative does not leverage the aspects that separate narrative from expository discourse. In the narrative discourse, Doyle employs varied approaches that include the solution to the narrative. For example, the dialogue between Watson and Holmes provides a clear understanding of the story. For instance, â€Å"was there a secret marriage?† also reveals the way the Holmes condescends the views of women in the story. One of the approaches employed in the story is the conversational approach, which the author included in the fiction work as the key aspect of the narrative discourse. The second app roach on narrative discourse provides a new genre of literary texts that represent a certain meaning. Doyle also uses suspense in the mystery story that leaves the reader to keep thinking about what happens next in the story. The author creates suspense in the story through explaining the atmosphere of the narrative in order to enable the reader to understand what is around him or her or what the people around the reader are doing. Suspense is used in narratives in order to enable the reader to think or focus on the insight of the story.

What I did during my internship Essay Example | Topics and Well Written Essays - 3250 words

What I did during my internship - Essay Example I was later introduced to everyone who I would be working closely within athletics and later told me about his career path and how he got started. Mr. Brave resume displayed that he had lots of experience in the production field. He’s started learning the production end of television at an early age of 13. I was given a tour of all of the athletics facilities on campus and I was also taught about all the different machines and their functions. Every facility had something unique about them and most of the facilities had to share a lot of the same equipment as well. Later during that week I found out that I was going to be working about baseball and softball games. I would be assisting in enabling people to follow USF softball and baseball games from home which I found exciting because I have always been a sports fan. As my passion for the game continued to develop, it lead me into a field that I never thought I had an interest for, which is sports reporting. Things started to get busy on my second week of internship. I began getting hands on doing editing with the aid of Final Cut Pro. I have had prior experience using final cut pro while taking broadcast news, but it was during the internship that I was really able to develop my editing skills. My broadcast news professor was not very skilled in this application and so although I was familiar with the basics, getting hands on was the best way to really understand how it works. It was during my second week that I was asked to put together a highlight film for the men’s and women’s basketball team. I found it really interesting because I am a basketball fan, and I totally understand the game and this kind of sport in general. I also know most personalities behind the industry. I went about finding important clips and editing them to craft a story that is both interesting and compelling to the