A look at the marketing strategy of Hawaii Visitor's and Convention Bureau.
Written in 2006; 1,226 words; 10 sources; MLA; $ 41.95
Paper Summary:
This paper reviews effective marketing strategy techniques that are essential to a company in order for it to remain competitive. This paper focuses specifically on the Hawaii Visitor's and Convention Bureau and discuss how the organization uses marketing tactics and the four P's of product, price, promotion and place.
Introduction
Marketing Tactics and the Four P's of HVCB
Factors and Competitive Advantage
Other Possible Tactics
Conclusion
From the Paper:
"Essentially a marketing strategy is built around the core values, vision and objectives of the organization. Study of market strategy one become aware that in order to have product, price, promotion or placement, the organization must have done its research on the market and the consumer need for its service. Without an understanding the targeted audience, the organization cannot market at all. It is important to work the product, its price, distribution and promotion around the needs of the people and of course, from there working to persuade segments of the segment into wanting the product. This is called product diversification. Not everyone can afford an Hawaiian vacation and all the attractions that are available at HVCB. The travel industry is highly competitive, cut throat with many threats to income. Consumers are more wary travel today than five years due to present conflicts in the world. It is important for HVCB to get around these obstacles by enticing the consumer. Really Hawaii can sell itself on the premise of being a beautiful relaxing place but after that it is the job of an organization like HVCB to continue marketing the idea of a vacation. This is where pricing and promotion become important to the marketing strategy. "
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