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Fundamentals of Global Strategy - Assignment Example

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The paper "Fundamentals of Global Strategy" indicates the requisite elements for a BCG matrix. It creates a visually effective BCG matrix for a company and creates a table showing the main elements that go into the matrix: the segment of business, brands, and top competitors…

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Subject: Management
Type: Assignment
Level: High School
Pages: 1 (250 words)
Downloads: 3
Author: donna36

Extract of sample "Fundamentals of Global Strategy"

Consider the following table that indicates the requisite elements for a BCG matrix.

BCG Matrix Starwood & Resorts

Class

Brands

Top Competitors

Starwood and Resorts

Competitor Rooms

Market Size

Upscale

Cambria Suites

Hilton World Wide

468,000

680,117

811,200

Ascend Hotel Collection

4,500

Upper Midscale

Comfort Inn

Marriot International

106,000

697,000

934, 405

Comfort Suites

59,400

Clarion

36, 200

Midscale

Quality Inn

International Hotels Group PLC

200, 487

710,000

845, 340

Sleep Inn

65, 403

Mainstay Suites

9, 500

Classification

Brands

Choice Hotel Market Share

Competitor Market Share

Upscale

Cambria Suites

1.47%

15.34%

Ascend Hotel Collection

1.35%

Upper Midscale

Comfort Inn

1.34%

6.79%

Comfort Suites

1.34%

Clarion

1.21%

Midscale

Quality Inn

1.35%

3.35%

Sleep Inn

0.45%

Mainstay Suites

0.68%

Cambria Suites

Ascend

· Suburban

· Rodeway Inn

· Clarion

· Comfort Suites

· Comfort Inn

· Sleep Inn

· Mainstay

Industry Segment Growth Rate

· Quality Inn

3.5%

0 0.5 1

Relative Market Share

Recommendations

Ascend Collection- The Ascend Collection has fewer little rooms when compared to their competitor and market size. This implies that if Ascend is moved to a dissimilar grouping it may increase its market niche and propel it towards the star level.

Comfort Inn- Comfort Inn is in a potential spot, which is positioned just above the source of income in the star category. This should remain in this category and more resources and management strategies should be applied to ensure that other brands move to this level.

Comfort Suites- If the Comfort Suites and Clarion are put together, it will move it to the Star group. As from the chart, the Comfort Suites perform relatively better compared to the Clarion. This implies that the brand Comfort Suites will be kept.

MainStay Suites- these should be joined with other midscale properties, however, the Quality Inn should be maintained as the brand name

Clarion- Merge Clarion and Comfort Suites. They are both upper midscale brands within the same region in the market. Combining them will improve relative market share.

Quality Inn- This is Starwood’s source of income. Revenue from Quality Inn’s can be used to improve other properties in the dog and question mark category

Cambria Suites- Cambria has the prospective to become a star, however close monitoring is requisite to establish its growth ability. Despite the fact that it is utilizing a lot of money, its growth is rapid. This implies that if consistency is sustained then this class will be able to move to the star class

Rodeway Inn- the Rodeway is almost similar to the Suburban Extended Stay Hotel, and it is good to merge them together in a bid to improve the market share

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(“Create a visually effective BCG matrix for your company (NOT in Assignment”, n.d.)
Create a visually effective BCG matrix for your company (NOT in Assignment. Retrieved from https://studentshare.org/management/1687286-create-a-visually-effective-bcg-matrix-for-your-company-not-in-excel-you-do-not-have-to-show-all-of-your-calculations-but-should-create-a-table-showing-the-main-elements-that-go-into-the-matrix-segment-of-business-your-brands-top-competitor-basis

(Create a Visually Effective BCG Matrix for Your Company (NOT in Assignment)
Create a Visually Effective BCG Matrix for Your Company (NOT in Assignment. https://studentshare.org/management/1687286-create-a-visually-effective-bcg-matrix-for-your-company-not-in-excel-you-do-not-have-to-show-all-of-your-calculations-but-should-create-a-table-showing-the-main-elements-that-go-into-the-matrix-segment-of-business-your-brands-top-competitor-basis.

“Create a Visually Effective BCG Matrix for Your Company (NOT in Assignment”, n.d. https://studentshare.org/management/1687286-create-a-visually-effective-bcg-matrix-for-your-company-not-in-excel-you-do-not-have-to-show-all-of-your-calculations-but-should-create-a-table-showing-the-main-elements-that-go-into-the-matrix-segment-of-business-your-brands-top-competitor-basis.

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