Market Research Techniques & Research Methods Case Study

Market search Techniques & look Methods - Case Study ExampleThe come with operated or franchised 2,741 lodging properties worldwide, with 499,165 rooms as of fiscal 2005. These embarrass 2,447 properties in the Americas, 26 in the Middle East and Africa, 79 in Asia, 105 in europium and 76 in the UK. In addition, it provides 1,850 furnished corporate housing rental units (online Marriott International).The companys operations ar assort into five transaction divisions full-service lodging, select-service lodging, extended stay lodging, timeshare and synthetic fuel (Marriott International Annual Report 2005). condescension being recognized as one of the largest players in the global hospitality industry, Marriott International has been for a farsighted time been over dependent on the UK hospitality and tourism market. It has mended Marriott significantly as the scrimping slows down and real estate costs rise. The This take in shall(a) examine Marriott International implement ation of results of marketing Research of is milieu and competition that will provide critical information on how the organization will put up their brand management and relationship-building marketing strategies. The present macro environmental changes in the global marketplace restrain it necessary for them to customize these strategies that should be consistent and supportive of overall organizational goals.Marriott International ought to scrutinize its business norms to be responsive to external changes, and still maintain competitive advantage over competitors. The current study wishes to concentrate on its relationship marketing efforts. Market Research Techniques & Methods for the organizations existing strategies and impact of the external environment with recommendations to improve will also be included3.Marketing EnvironmentMarketing activities are influenced by several factors inside and outside the business firm. These factors or forces influencing marketing decision- making are collectively called marketing environment. It comprises all these factors, which have san impact on market and marketing efforts of the Marriott International.According to Philip Kotler, marketing environment refers toEternal factors and forces that change the companys ability to develop and maintain successful transactions and relationships with its target customer. The marketing environment of Marriott International may be broadly divided into two partsMicroenvironmentMacro environmentMicroenvironment implies the factors and forces in the immediate environment, which affect the companys ability to serve its market. These factors are given belowSuppliersMarket intermediariesCustomersPublicMacro environment refers to those factors, which are external forces in the companys activities and do not concern the immediate environment. Macro environment are contumacious factors, which indirectly affect the concerns ability to operate in the market effectively.The components o f macro environment affecting the company are as stated under(a) Demographic forces(b) Economic forces(c) Political and legal forces(d) Social and pagan forces(e) Physical forces(f) Technological forces(Source Stephen, 2005, page