M-Power Assignment Sheet-1: Question-1
M-Power Assignment Sheet-1: Question-1
M-Power Assignment Sheet-1: Question-1
Question-1
Question-2
Below are the strengths and weakness of the hotel industry on a global basis which Tyrion
should follow taking into account the five competitive forces of Porters Model.
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m-Power Assignment Sheet-1
-Changes in technology which demand for accommodations.
-Video-conferencing.
CONCLUSION:
Factors that enable hotels to differentiate themselves:
Good Location for Relative Target Market.
Quality of Service.
The Hotel Industry can provide considerable opportunity to cross sell profitable
products.
In the event of a downturn in the worlds economic cycle the hotels target market
should be more durable than other market like tourism and et al.
Question-3
7 Ps of a Service:
PRODUCT
PRICING
PLACE
PROMOTION
PEOPLE
PROCESS
PHYSICAL EVIDENCE
Service has 7 Ps while product has 4 Ps, the additional 3 Ps which are People, Process and
Physical Evidence are required for optimum service delivery. These 7-service marketing mix
are also known as extended marketing mix.
Question 4:
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m-Power Assignment Sheet-1
Strong Management Outdated Technology
Location Work ineficiencies
Pricing Power Weak R&D
Economies of Scale Weak Supply Chain
Unique Products Customer Service
Technology Weak Brand
Customer Loyalty
Brand Name
Strenght Weaknesses
Opportunities Threats
Aquisition Synergies Bad Economy
Innovations Volatile Curriences
New Techologies Mature Market
New Products Govt Regulations
Online Market Substitue Products
Market Condition:
Mostly Organised sector and local player gives more competition in rural
areas.
India paint industry growth is higher than global rate.
Paint Substitute
White Cement
White Wash
Brick and Stone Structure
Wallpaper
Innovation in the Industry
Paints that lower the room temperature up to 5*C
Marble finishing
Scratch Proof
Stencils
Question-5
Top 5 action points, I would have taken to reduce the brand damage which was occurred in
the recent times:
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m-Power Assignment Sheet-1
1) Protecting the Brands reputation and credibility is non-negotiable. Nestle allowed its
icon (Maggi) to be the target of a controversy that questioned its reputation. From a
marketing standpoint guarding against such slip-ups figure high on donts list.
2) Among the 4 Ps, Its the Product (Maggi), which the company should have attached
the most value and significance.
3) Draft a Media Plan and Reaching out proactively through media should have been the
first boxes to tick in the To Do list.
4) Nestle continues to remain in denial. Its argument: Maggi is safe. But an offer to
recall or withdraw existing stocks from shop shelves immediately after the
controversy broke out could have prevented things getting out of hand.
5) EDUCATE: Nestles representatives have been hardly seen either at retail stores or
popular vends offering to clear the air. Neither has it come out with any unusual
videos or campaigns to educate loyal patrons.
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