61475 Strategic Marketing for the Hospitality Industry

Weekly Syllabus

   
 
 
  

 

 


Course Contents

 

Week : 1

Introduction - Strategic Planning and the Marketing Process

Additional Information: Objective: Understanding what exactly strategic planning is.

Week : 2

Mission Statement

Additional Information: Objective: Defining the company mission statement

Week : 3

Environmental Analysis - Remote Environment

Additional Information: Objective: Analyzing the external factors (industry and environment) to make strategic judgments

Week : 4

Environmental Analysis - Operational Environment (Customer Analysis, Competitive Analysis, Market Analysis)

Additional Information: Objective: Analyzing the external factors (consumers and competitors) to develop strategies.

Week : 5

Internal Analysis - Self Analysis (SWOT)

Additional Information: Objective: To evaluate how the company is doing to direct its efforts in the most efficient and effective manner.

Week : 6

Internal Analysis - Portfolio Analysis

Additional Information: Objective: To introduce one of a key element of self-analysis method which assess the strength of a business in the market

Week : 7

Alternative Business Strategies - Differentiation Strategies

Additional Information: Objective: Determining the company?s sustainable competitive advantage

Week : 8

Alternative Business Strategies - Growth Strategies

Additional Information: Objective: To determine the direction within the firm?s current products and markets or growth in related or unrelated businesses.

Week : 9

Alternative Business Strategies - Strategies for different industry positions, Strategies in declining and mature markets

Additional Information: Objective: Discussing what strategic alternatives can be considered in different industry positions.

Week : 10

Determining Objectives

Additional Information: Objective: Setting objectives to guide the operation

Week : 11

Marketing Mix Variables, Action Plans and Control: Product

Additional Information: Objective: Determining the marketing mix variables: product, price, place and promotion to accomplish the objectives.

Week : 12

Marketing Mix Variables, Action Plans and Control: Price

Additional Information: Objective: Determining the marketing mix variables: product, price, place and promotion to accomplish the objectives.

Week : 13

Marketing Mix Variables, Action Plans and Control: Place

Additional Information: Objective: Determining the marketing mix variables: product, price, place and promotion to accomplish the objectives.

Week : 14

Marketing Mix Variables, Action Plans and Control: Promotion

Additional Information: Objective: Determining the marketing mix variables: product, price, place and promotion to accomplish the objectives.

Week : 15

Final Exams