Preview

Draft: Effectiveness of Marketing Strategies used by beach resorts in the City of Mati

Powerful Essays
Open Document
Open Document
1508 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Draft: Effectiveness of Marketing Strategies used by beach resorts in the City of Mati
CHAPTER I
RATIONALE OF THE STUDY
The value of an Effective Marketing Strategy is undeniably an essential part on having a business; this would determine what are the things needed to be done in order in order to accomplish the establishment goals. According to (David Aaker, 2008) he defined marketing strategy as a process that can allow an organization to concentrate its resources on the optimal opportunities with the goals of increasing sales and achieving a sustainable competitive advantage.
In other words, creating or developing a marketing strategy is not an easy task for the establishment’s management it would take an in depth analysis and consideration on the establishment’s resources and full and effective efforts of its staff and also the changing trends on the market in order to create or apply and efficient and effective marketing strategy that would contribute to the establishment’s goals.
Hence, constant evaluation on the marketing strategies used by establishments is required in order to keep it in line with their establishment’s goals and to show that the establishment competitively exists in the market.
In addition, adequate knowledge and managerial skills towards marketing is required in order to achieve desirable consequences.

SIGNIFICANCE OF THE STUDY
This study will help the establishment’s management, on creating and applying effective and efficient marketing strategy on their establishment based on the thorough analysis of their resources and marketing environment on accomplishing their goals. This study will also help the local government unit of the City of Mati on increasing tourist population as well as the income of tourism on the locality by basically reviewing the key components of this study and most of all, it would give an idea or guide potential international or domestic investors on what are the things they needed to do in order invest on the resorts market in the City of Mati.
OBJECTIVES OF THE STUDY
General

You May Also Find These Documents Helpful

  • Good Essays

    Marketing is extremely important to any organization and to the overall success achieved by organizations. The heart of any business success lies in the strength of its marketing. Most aspects of any organization or business will depend on successful marketing. A sound marketing plan will include advertising, public relations, promotions and sales. Marketing is the way a business or organization will introduce the product or service to potential customers. Without an effective marketing operation an…

    • 867 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Drinks2U Assignment 2

    • 966 Words
    • 4 Pages

    The purpose of a marketing strategy is to help a company make as much profit as they can…

    • 966 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Assignment week 5

    • 1372 Words
    • 4 Pages

    Having a good marketing strategy: There are a lot of different ways of developing effective competitive marketing strategy, there has to be a balance between the creative side and the formulated side of marketing. There are many different strategies, which we won’t discuss in this assignment because it doesn’t add to the definition of a sustainable competitive advantage.…

    • 1372 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Successful marketing lies in how well a business is able to engage with the audience with the objective being to stand out and create a unique connection with customers against a highly saturated market.…

    • 319 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Studies Notes

    • 1742 Words
    • 7 Pages

    The focus of this topic is the main elements involved in the development and implementation of successful marketing strategies.…

    • 1742 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Marketing Products

    • 3869 Words
    • 16 Pages

    Marketing Strategy is defined as a marketing plan designed to achieve marketing objectives. A Marketing Strategy combines all its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and sustain the business. The marketing strategy is the foundation of a marketing plan (http://www.businessdictionary.com/definition/marketing-strategy.html). According to Forbes Magazine, there are four key marketing strategies from the startup world:…

    • 3869 Words
    • 16 Pages
    Satisfactory Essays
  • Good Essays

    In recent times marketing strategy is playing a vital role in a firm success. It optimizes the…

    • 397 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Marketing is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. A marketing strategy is composed of several interrelated components called the marketing mix: The Marketing mix consists of answers to a series of product and customer related questions.…

    • 1485 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    In addition to the development of a (set of) marketing strategy(ies) that ‘positions’ the product/service to the needs of one or more target markets (segmentation); the execution of a marketing strategy (often referred to as ‘Strategic Marketing Management’) will require an economic and financial analysis of the costs and potential profits of the strategy and an implementation plan including an organizational structure and an Expense Budget. This usually becomes the…

    • 1561 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Strategy Report

    • 3085 Words
    • 13 Pages

    Therefore, for these organisations, marketing strategy is introduced to help them survive in the dynamic marketing environment and create and maintain competitive advantages with their competitors. Marketing strategy is identified as “a process that can allow an organisation to concentrate its limited resources on the greatest opportunities to increase sale and achieve a sustainable competitive advantage”.…

    • 3085 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    The purpose of marketing is to create long-term and mutually beneficial relationships between an organisation and the public it serves. The essence of successful marketing is to combine a detailed understanding of market needs and dynamics with appropriate product/ service offerings and effective communication programmes. The job of the Marketing Manager is to achieve this match; to take responsibility for the process of understanding and matching customer needs with company competencies to produce products/services with a unique competitive positioning which are capable of yielding sustained profitability and growth. To fulfil this function the Marketing Manager is required to play a strong role in strategic planning and business development, and to be able to follow through to successful implementation. Key skills of the Marketing Manager include market research, strategy development, planning and budgeting, new product innovation and ideas, and designing communications campaigns using the latest and best media.…

    • 3432 Words
    • 21 Pages
    Satisfactory Essays
  • Best Essays

    A Marketing strategy is a long term oriented tool used to make sure that no deviations are done to the marketing and the marketing function of the organization will be maintained all throughout the organization as a philosophy. It will be the key to drive an organization to its peak as marketing brings the organization to its customer. So as a result, the ability of a company to maintain and penetrate the market would be through the marketing strategy. Therefor a marketing strategy is an essential element. Under the strategy the main elements would be the pricing, the distributions and the modifications to the marketing mix such as product ranges, after sales, and etc. A concept such as branding…

    • 4949 Words
    • 20 Pages
    Best Essays
  • Powerful Essays

    The subject of a term paper is actual since for many enterprises marketing strategy is the major strategy as it provides validity of a market orientation of the enterprise.…

    • 6743 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    Marketing 2030 Notes

    • 14979 Words
    • 60 Pages

    The marketing strategy is a simple value proposition that is based on a deep understanding of the customers. It is an organization’s ability to create superior value for its customers and, in the process, give it a competitive edge over its rivals. If a company has a clear and focused marketing strategy, it is more likely to succeed than if it has an unstable strategy, such as Kmart, who couldn’t decide whether to go upscale to avoid competing with Wal-Mart or go head-to-head with Wal-Mart, which simply confused customers and led to its bankruptcy.…

    • 14979 Words
    • 60 Pages
    Powerful Essays
  • Good Essays

    Beauty

    • 696 Words
    • 3 Pages

    Porter (1990) argued that sustaining business should has a competitive advantage, that of differentiation or of cost advantage. At the same time, marketing plays a crucial part in facilitating success and sales growth because a good marketing is able to communicate right message of the product to the consumers and give them reasons to purchase it and subsequently generate call-to-action by informing the target market how or where to get the product (Kotler, 2003).…

    • 696 Words
    • 3 Pages
    Good Essays