Saturday, February 22, 2020

Considering Pakistan as a Country Attracting the Tourists, Developing Research Paper - 1

Considering Pakistan as a Country Attracting the Tourists, Developing Strategies - Research Paper Example The strategy that we think suits Pakistan the best is to attract tourists on the basis of the adventurous spots. This is because there are many out there in Pakistan and all they need is a bit of development and proper marketing techniques. Now once the potential market has been explored it is important to decide will it be mass marketing or niche marketing. As far as this industry is concerned it will be widespread marketing but niche in the way that only for those who have the wish to indulge in adventurous activities. However, the struggle does not end here and a perfect marketing strategy including the most suitable marketing mix should be formed in order to carry out the plan successfully. This means deciding on the seven Ps of marketing. Once the various spots of adventures have been selected the whole package should be determined as to what all facilities will the tourists receive once they come and visit. After this promotion and education are important to answer when and how and all similar questions that can arise in the minds of prospective visitors. Apart from this in every service that is provided there are individuals involved who are representative of the company and interact directly with the consumers. They play a crucial role and thus it is important to determine a strategy related to them even. The right combination of all the factors can bring about a package that would be attractive to all and will increase the flow of tourists in the country which will, in turn, bring several benefits to the overall economy. Tourism is an industry through which a country can earn fortunes and do wonders for the economy.  

Thursday, February 6, 2020

MacDonald's and Its Critics Essay Example | Topics and Well Written Essays - 1250 words

MacDonald's and Its Critics - Essay Example The company implemented various promotional planning in order to increase competency of the company (McDonald’s Restaurants Limited, 2008). The company is also known as the â€Å"Penny Cost† business. It usually means to control cost and on the other side, to increase sales. McDonald’s implementation of penny cost in their marketing strategies helped increasing the sales and profitability of the company. Presently, the company is dealing with 30,000 restaurants all over the world (McDonald’s, 2011). The main aim of this paper is to recognize the competitive advantages attained by McDonald’s through the implementation of effectives strategies related to marketing, human resource as well as other organizational aspects. The discussion of the paper further emphasize on the evaluation of sustainable growth, profitability and the rapid growth achieved by the company through its performance over the past years. The Key Strategic Decision of McDonaldâ€⠄¢s Establishment of Competitive Advantages To gain competitive advantages, McDonald’s has implemented various strategic decisions into practice. Competitive advantages are known as the reward gained over the competitors by contributing towards customer values and perceptions along with other fundamental aspects of business management. Competitive advantages tend to mark the performance level of a firm in a highly competitive market that can be gained through the generic strategies as proposed by Michael Porter, i.e. cost leadership, differentiation and focus (Porter, 1998). McDonald’s adopted the theory of expansion to offer customers with highly efficient services. Their main target was to attain customer satisfaction and also attain competency through expansion. McDonald’s executed various strategies in order to expand the business and attain sustainable growth through competitive advantages. In 1940s Ray Kroc started the business with milk shakes and few oth er items. In 1968, when Mr. Turner was the president of the company, he implemented changes in its organizational structure. Regional offices were established, in different countries and market regions. At that time quality control was not quite significant in the fast food industry, but McDonald’s implemented the quality control strategies which assist to improve the company’s brand image (Bartone & Wells, 2009). McDonald’s provided high quality services to its customers and planned the business structure in a systematic order and attractive manner. McDonald’s implemented strategic alliances which majorly intended differentiating the products, increasing the sales along with the profit. McDonald’s also introduced â€Å"happy meal† chart, which included new recipes. The execution of this procedure attracted new customers. The company also focused on increasing its sales with an addition of 1,200 restaurants in its worldwide chain (Bartone & Wells, 2009). All these factors, such as expansion of target market area, customer base and increase in the customer satisfaction along with increased sales rewarded the company with greater competitive advantages. Sustainable Growth McDonald’s implemented strategic plan such as differentiation, and quality control. This assisted the company to gain competency and long term profitability in the market. McDonald’s executed differentiation of the products, as these strategies were expected to help gaining higher profit along with increasing