Make a Research, analyze, and create the marketing plan sections described below for Choice Hotels International, which
Question:
Make a Research, analyze, and create the marketing plan sections described below for “Choice Hotels International”, which includes the followings
• Situation Analysis: Using the sections below, analyze the competitive market, the company’s targeted market segments, and how your company’s capabilities stack up to the competition.
• Market Summary: Describe, in detail, the target market segments by determining their segment size, segment needs, segment growth, and segment trends. Using more detail to describe these market segments will prove to be beneficial as a basis for the marketing strategies and tactical programs presented later in your marketing plan.
• SWOT Analysis: Include the sections described below.
Strengths: In this section, list and describe your company’s internal physical and financial capabilities that can enable it to reach its stated objectives.
Weaknesses: In this section, list the internal elements that may prevent or slow your company's ability to achieve its stated objectives.
Opportunities: In this section, list the external and potentially profitable areas in which your company may find an interest in which to target, engage, and perform.
Threats: In this section, list the external and potentially unfavorable trials that can negatively affect your company’s business model and competitiveness.
• Competition: List your company’s main competitors, and describe what positions they occupy in the market in which your company wishes to compete. Also, this section is where you should provide a summary of the competitors’ strategies.
• Product Offerings: Review the company’s products or product lines, and identify their main features.
• Distribution: Describe and provide an overview of each of your company’s product distribution channels. Your assignment will be a minimum of three pages in length. Ensure that you introduce the company you have chosen, and identify each section with a heading in your assignment. You should reference at least three sources to support this section of your marketing plan.
Business Law Principles and Practices
ISBN: 978-1133586562
9th edition
Authors: Arnold J. Goldman, William D. Sigismond