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“TAJ WELLINGTON MEWS - BRAND AWARENESS &
RECALL IN THE MARKET. THE STUDY INCLUDE
WITH MICRO & MACRO LEVEL OF THE
ORGANIZATION.”
PRESENTED BY-
ADITYA BANERJEE
Christ Institute Of Management (Christ University)
TABLE OF CONTENTS
1. Indian Hotels Company Limited (IHCL) & Taj History
2. Taj Hotels in Mumbai
3. Taj Wellington Mews Luxury Residences, Mumbai
• Facilities
• Amenities
4. The Brand Awareness and Recall in the Market
5. About Micro & Macro Level of Taj Wellington Mews
6. Sales Strategies
7. Strategy – To Improve The Growth Of The Organization
SHAREHOLDER OF TAJ WELLINGTON MEWS
29.53%
12.7%
3.05%
2.12%
52.6%
Pecentage of share
Tata Sons Limited
LIC OF INDIA
Deutsche securities mauritius
LTD
General insurance
coorporation of india
Other minor shareholders
TAJ WELLINGTON MEWS
•Taj wellington Mews, Mumbai is a prestigious high end Luxury Residences situated along
the western sea coast of India with 80 Apartments (240 rooms). The property is enclosed in
landscape gardens. The sea coast has special significance in terms of marine environment
established in 2004.
•Jiva Grande Spa opens in January 2005.
•First venture of Taj Hotels Resorts & Palace in the segment.
• Pricing Models- Two Dimensional approach. Hotel pricing as well as realty trends in
pricing taken into account.
• Guest Profile- Ceo's Of Mnc’s, Consul Generals, Ceo’s Of Equity Firms,Banks,NRI’s ,
Financial Institutions.
• Taj Wellington Mews Luxury Residences, is at the heart of the Commercial Capital of India,
Facing both sides of waterfront.
• In the heart of Corporate House & Business Hubs.
TAJ HOTELS IN MUMBAI
• Taj Mahal Palace.
• Taj Lands End.
• Vivanta by Taj – President.
• Taj Wellington Mews Luxury Residences.
• Taj Santacruz.
FACILITIES & SERVICE
• 24 HOUR FRONT DESK.
• AIRPORT TRANSPORTATION.
• BUSINESS CENTER.
• DRY CLEANING SERVICE.
• FITNESS CENTER.
• LIBRARY.
• JACUZZI OR JIVA SPA.
• LAUNDRY.
• LOUNGE/BAR.
• PARKING – SELF.
• WI-FI.
• SWIMMING POOL.
• CAR WASH.
• HOUSEKEEPING.
• SITESEEING TOURS.
BRAND AWARENESS & RECALL
38
15
13
4
9
0
5
10
15
20
25
30
35
40
PREFERENCE RATINGS
PREFERENCE
RATINGS
Log.
(PREFERENCE
RATINGS)
BRAND AWARENESS & RECALL
41%
19%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
HAVE HEARD OF NEVER HEARD OF
ARE FIMILIAR WITH TAJ WELLINGTON MEWS
ARE FIMILIAR WITH TAJ
WELLINGTON MEWS
BRAND AWARENESS & RECALL
9
3
24
6
0 0
18
0
5
10
15
20
25
30
ADVERTISEMENTS FOR TAJ WELLINGTON MEWS
ADVERTISEMENTS FOR TAJ
WELLINGTON MEWS
BRAND AWARENESS & RECALL
27
18
6 6
3
0
5
10
15
20
25
30
EXCELLENT VERY
GOOD
GOOD FAIR POOR
TAJ WELLINGTON MEWS IN BRAND RECALL ORDER
TAJ WELLINGTON MEWS IN
BRAND RECALL ORDER
Log. (TAJ WELLINGTON
MEWS IN BRAND RECALL
ORDER)
31
18
10
0 1
0
5
10
15
20
25
30
35
COMPARED WITH COMPETITORS,RATE OF TAJ WELLINGTON MEWS
COMPARED WITH
COMPETITORS,RATE OF TAJ
WELLINGTON MEWS
BRAND AWARENESS & RECALL
BRAND AWARENESS & RECALL
40%
13%
7%
TAJ WELLINGTON MEWS CONVENIENTLY LOCATED
AGREE
NEUTRAL
DISAGREE
BRAND AWARENESS & RECALL
36%
24%
0%
5%
10%
15%
20%
25%
30%
35%
40%
YES NO
AWARE ABOUT JIVA GRANDE SPA
AWARE ABOUT JIVA GRANDE
SPA
THE STUDY OF MICRO & MACRO LEVEL
MICRO – Levels looks at small-scale interaction between individuals, such as
conversation or group dynamics.
MACRO -Levels looks at large scale social processes, such as social stability & change.
OBJECTIVE
SOCIETY ,LAW, BUREAUCRACY,
ARCHITECTURE, TECHNOLOGY &
LANGUAGE.
SUBJECTIVE
CULTURE, NORMS, VALUES.
OBJECTIVE
PATTERNS OF BEHAVIOUR, ACTION &
INTERACTION.
SUBJECTIVE
PERCEPTION BELIEFS THE VARIOUS FACTS
OF THE SOCIAL CONSTRUCTION OF
REALITY.
MACROSCOPIC ORGANIZATION
MACRO
MICRO
PESTLE ANALYSIS – MACRO LEVEL
POLITICAL
• POLITICAL STABLE.
• SOCIAL POLICIES (E.G.SOCIAL WELFARE)
• GOVERNMENT REDUCE TARRIFS AND DUTIES ON
VARIOUS ITEMS.
• RELEASED FIVE-YEAR TAX HOLIDAY TO
PROMOTE THE GROWTH OF NEW HOTELS.
ECONOMICAL
• GOVERNMENT ALLOWED FDI & FII FOR
BUSINESS TRAVELS.
• TAX STRUCUTER IS VERY HIGH.
SOCIAL
•COMPARED SERVICES OFFERED WITH PRICES.
• CHALLENGE TO DESIGNING PRICE STRATEGY.
• ADVANTAGE OF EDUCATED WORK FORCE .
TECHNOLOGICAL
•E.COMMERCE.
• GOBAL DISTRIBUTION SYSTEM TO ACCESS
THE AVAILBILTY OF PRODUCTS.
•EASY ACCESSIBILTY OF INFORMATION.
• IMPROVED CRM,SAVED TIME,INCREASED
THE REVENUE AND PROFIT.
PESTLE ANALYSIS – MACRO LEVEL
LEAGAL
• EMPLOYEMENT REGULATION.
• HEALTH & SAFETY REGULATION.
• CONSUMPTION RELATED POLICIES &
REGULATION BY HEALTH AUTHORITIES.
• MAINTAING THE TATA CODE OF CONDUCT
(TCOC).
ENVIRONMENTAL
• CONTINUALLY IMPROVING ITS
ENVIRONMENTAL & SOCIAL SUSTAINABILTY
PERFORMANCE.
• ESTABLISHING IMPLEMENTING,MAINTAING
& CONTINUALLY IMPROVING ITS
ENVIRONMENT PERFORMANCE IN
ACCORDANCE WITH THE REQURIMENTS OF
THE EARTHCHECK COMPANY STANDARD.
• ENVIRONMENTAL PROTECTION LAW.
• ENERGY CONSUMPTION REGULATION.
SWOT ANALYSIS
MICRO
STRENGTH
• Strategic location in the up most market
area in the town.
• Amenities available-swimming pool,
jogging track, spa, gym .
• High quality furnishings.
• Good security minute details looked into
the from of comfort.
• Proper trained teacher available in the
crèche for children’s.
• Perfect experience of Indian Luxury
living. The quality option available for
people seeking absolute luxury stay.
WEAKNESS
• Only above from 5th floor offer sea view.
• The residence /Apartments are expensive,
high tax rates.
• Limited market share due to tough
competition.
SWOT ANALYSIS
MACRO
OPPORTUNITIES
• With penthouse, Maid’s room & Resumed
car parks extra storage can be charged.
• Business center , Spa memberships,
health club membership all are revenue
generating, put to best use of options.
• The location has a lot of potential in terms
of view & that is the best up selling product.
• Weli Deli , Spa , Mini Mart , Gym , are all
revenue generating resources.
• Introduce better membership plan.
THREATS
• Higher market share in same price.
• Taj wellington Mews are higher on rates
than anyone in the market.
• Marriott offers best discount to the travel
advisors.
MICRO ENVIORNMENT OF THE ORGANIZATION
• VISION
• MISSION
• ORGANIZATION CHATRS
• STRATEGY
• RESOURCES
• PRODUCTS & SERVICE
MICRO ENVIORNMENT OF THE ORGANIZATION
OUR VISION
To be the leading luxurious serviced Residences/Apartments in Mumbai,
committed to providing a memorable living experience for our guest.
OUR MISSION
We strive to serve our guest with a personal touch & exceed expectation
through continuous enhancement of our apartments, facilities &
service, so as to provide a conducive and environmental friendly home
away from home.
CUSTOMER SEGMENTATION OF (TWM)
• Corporate Clients
• Multi-National Corporation
• National & Multi-National Banks
• Diplomats
• Consultants to various Corporate
• High net worth Individuals
ORGANIZATIONAL CHARTS
General
Manager
L & D
Manger
Security
Manger
Restaurant
Manager
Director Of
Finance
Spa
Manager
Director Of
Engineering
Sales &
Marketing
Front Office
Manager
Security
Officer
• Asst Guest
Service.
• Team Leader
• A/C Officer
• Finance Execution.
• Asst Manager.
• Purchase Manager.
• Life Guard .
• Personal Trainer.
•Senior Fitness Trainer.
•Spa Attendant.
• Spa Front Office Receptionist.
• Director of
Engineering.
•Front Office
Executive.
•Deputy Manager.
•Secretary.
• Coordinator.
•Sale Executive.
• Asst.Sales
Managers
• Guest
Service
Assistance.
• Bell Boy.
•Concierge.
• Asst
Manager
Front Desk.HR
Manager
Asst.HR Manager
PRODUCTS & SERVICE OF TAJ WELLINGTON MEWS
PRODUCTS -
• Apartments/Residence.
• Board Rooms
• Jiva Spa
• Food & Bevarages
SERVICE -
•Parking
•Wi-Fi
• Pet facilities
• Creche
• Jogging-Track
• Housekeeping
• Swimming pool.
• 24 hours business center.
• Travel arrangements.
RESOURCES
• LAPTOPS & COMPUTERS
• DATABASE
• FOOD & BEVARAGES
• RESTAURANT
• SALES & MARKETING
• FINANCE
• HUMAN RESOURCES
• SECURITY
• EMPLOYMENT
• PRODUCTS & SERVICES
• TECHNOLOGY
SALES STRATEGIES
• To make a list of potential clients
• Providing ideal incentives to the Re-location agency
• Sales Strategy consist of a plan to gain a competitive advantage
• Follow-up for building a good relationship with the customer for the long-
term Relationship
• Generate leads from finance sector/ Middle east Consulate/Relocation
companies form the beginning of the month
•The goal of the strategic sales is to achieve the fastest selling of the
Apartments, Board Rooms, Jiva Spa
• The right approach to Customer is with face to face interaction
STRATEGY TO IMPROVE THE GROWTH
• Keeping a track on new companies through the Sales team, Journals ,
Social Media sites
• Work with Re-Location agencies for new business
• Continuing relationship with residents who have move out
• Focus on individuals guest
• Focus on companies on South Central, Worli – to tap business from
four seasons
• Enhanced website experienced
SERVICE TRIANGLE
COMPANY
Internal Marketing (TMTP,HOMT,
TMTP Food Production)
EMPLOYEE Interactive Marketing CUSTOMER
External Marketing Communication
(T.V Magazines, Business News.
(THIS WILL HELP TO MAINTAIN AND RECOVER THE SERVICE GAP AND INCREASE THE BRAND
AWARENESS)
(PERSONAL SELLING,SERVICE ENCOUNTERS,SERVICESCAPES,CUSTOMER SERVICE)

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Brand awareness for taj wellington mews

  • 1. “TAJ WELLINGTON MEWS - BRAND AWARENESS & RECALL IN THE MARKET. THE STUDY INCLUDE WITH MICRO & MACRO LEVEL OF THE ORGANIZATION.” PRESENTED BY- ADITYA BANERJEE Christ Institute Of Management (Christ University)
  • 2. TABLE OF CONTENTS 1. Indian Hotels Company Limited (IHCL) & Taj History 2. Taj Hotels in Mumbai 3. Taj Wellington Mews Luxury Residences, Mumbai • Facilities • Amenities 4. The Brand Awareness and Recall in the Market 5. About Micro & Macro Level of Taj Wellington Mews 6. Sales Strategies 7. Strategy – To Improve The Growth Of The Organization
  • 3. SHAREHOLDER OF TAJ WELLINGTON MEWS 29.53% 12.7% 3.05% 2.12% 52.6% Pecentage of share Tata Sons Limited LIC OF INDIA Deutsche securities mauritius LTD General insurance coorporation of india Other minor shareholders
  • 4. TAJ WELLINGTON MEWS •Taj wellington Mews, Mumbai is a prestigious high end Luxury Residences situated along the western sea coast of India with 80 Apartments (240 rooms). The property is enclosed in landscape gardens. The sea coast has special significance in terms of marine environment established in 2004. •Jiva Grande Spa opens in January 2005. •First venture of Taj Hotels Resorts & Palace in the segment. • Pricing Models- Two Dimensional approach. Hotel pricing as well as realty trends in pricing taken into account. • Guest Profile- Ceo's Of Mnc’s, Consul Generals, Ceo’s Of Equity Firms,Banks,NRI’s , Financial Institutions. • Taj Wellington Mews Luxury Residences, is at the heart of the Commercial Capital of India, Facing both sides of waterfront. • In the heart of Corporate House & Business Hubs.
  • 5. TAJ HOTELS IN MUMBAI • Taj Mahal Palace. • Taj Lands End. • Vivanta by Taj – President. • Taj Wellington Mews Luxury Residences. • Taj Santacruz.
  • 6. FACILITIES & SERVICE • 24 HOUR FRONT DESK. • AIRPORT TRANSPORTATION. • BUSINESS CENTER. • DRY CLEANING SERVICE. • FITNESS CENTER. • LIBRARY. • JACUZZI OR JIVA SPA. • LAUNDRY. • LOUNGE/BAR. • PARKING – SELF. • WI-FI. • SWIMMING POOL. • CAR WASH. • HOUSEKEEPING. • SITESEEING TOURS.
  • 7. BRAND AWARENESS & RECALL 38 15 13 4 9 0 5 10 15 20 25 30 35 40 PREFERENCE RATINGS PREFERENCE RATINGS Log. (PREFERENCE RATINGS)
  • 8. BRAND AWARENESS & RECALL 41% 19% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% HAVE HEARD OF NEVER HEARD OF ARE FIMILIAR WITH TAJ WELLINGTON MEWS ARE FIMILIAR WITH TAJ WELLINGTON MEWS
  • 9. BRAND AWARENESS & RECALL 9 3 24 6 0 0 18 0 5 10 15 20 25 30 ADVERTISEMENTS FOR TAJ WELLINGTON MEWS ADVERTISEMENTS FOR TAJ WELLINGTON MEWS
  • 10. BRAND AWARENESS & RECALL 27 18 6 6 3 0 5 10 15 20 25 30 EXCELLENT VERY GOOD GOOD FAIR POOR TAJ WELLINGTON MEWS IN BRAND RECALL ORDER TAJ WELLINGTON MEWS IN BRAND RECALL ORDER Log. (TAJ WELLINGTON MEWS IN BRAND RECALL ORDER)
  • 11. 31 18 10 0 1 0 5 10 15 20 25 30 35 COMPARED WITH COMPETITORS,RATE OF TAJ WELLINGTON MEWS COMPARED WITH COMPETITORS,RATE OF TAJ WELLINGTON MEWS BRAND AWARENESS & RECALL
  • 12. BRAND AWARENESS & RECALL 40% 13% 7% TAJ WELLINGTON MEWS CONVENIENTLY LOCATED AGREE NEUTRAL DISAGREE
  • 13. BRAND AWARENESS & RECALL 36% 24% 0% 5% 10% 15% 20% 25% 30% 35% 40% YES NO AWARE ABOUT JIVA GRANDE SPA AWARE ABOUT JIVA GRANDE SPA
  • 14. THE STUDY OF MICRO & MACRO LEVEL MICRO – Levels looks at small-scale interaction between individuals, such as conversation or group dynamics. MACRO -Levels looks at large scale social processes, such as social stability & change. OBJECTIVE SOCIETY ,LAW, BUREAUCRACY, ARCHITECTURE, TECHNOLOGY & LANGUAGE. SUBJECTIVE CULTURE, NORMS, VALUES. OBJECTIVE PATTERNS OF BEHAVIOUR, ACTION & INTERACTION. SUBJECTIVE PERCEPTION BELIEFS THE VARIOUS FACTS OF THE SOCIAL CONSTRUCTION OF REALITY. MACROSCOPIC ORGANIZATION MACRO MICRO
  • 15. PESTLE ANALYSIS – MACRO LEVEL POLITICAL • POLITICAL STABLE. • SOCIAL POLICIES (E.G.SOCIAL WELFARE) • GOVERNMENT REDUCE TARRIFS AND DUTIES ON VARIOUS ITEMS. • RELEASED FIVE-YEAR TAX HOLIDAY TO PROMOTE THE GROWTH OF NEW HOTELS. ECONOMICAL • GOVERNMENT ALLOWED FDI & FII FOR BUSINESS TRAVELS. • TAX STRUCUTER IS VERY HIGH. SOCIAL •COMPARED SERVICES OFFERED WITH PRICES. • CHALLENGE TO DESIGNING PRICE STRATEGY. • ADVANTAGE OF EDUCATED WORK FORCE . TECHNOLOGICAL •E.COMMERCE. • GOBAL DISTRIBUTION SYSTEM TO ACCESS THE AVAILBILTY OF PRODUCTS. •EASY ACCESSIBILTY OF INFORMATION. • IMPROVED CRM,SAVED TIME,INCREASED THE REVENUE AND PROFIT.
  • 16. PESTLE ANALYSIS – MACRO LEVEL LEAGAL • EMPLOYEMENT REGULATION. • HEALTH & SAFETY REGULATION. • CONSUMPTION RELATED POLICIES & REGULATION BY HEALTH AUTHORITIES. • MAINTAING THE TATA CODE OF CONDUCT (TCOC). ENVIRONMENTAL • CONTINUALLY IMPROVING ITS ENVIRONMENTAL & SOCIAL SUSTAINABILTY PERFORMANCE. • ESTABLISHING IMPLEMENTING,MAINTAING & CONTINUALLY IMPROVING ITS ENVIRONMENT PERFORMANCE IN ACCORDANCE WITH THE REQURIMENTS OF THE EARTHCHECK COMPANY STANDARD. • ENVIRONMENTAL PROTECTION LAW. • ENERGY CONSUMPTION REGULATION.
  • 17. SWOT ANALYSIS MICRO STRENGTH • Strategic location in the up most market area in the town. • Amenities available-swimming pool, jogging track, spa, gym . • High quality furnishings. • Good security minute details looked into the from of comfort. • Proper trained teacher available in the crèche for children’s. • Perfect experience of Indian Luxury living. The quality option available for people seeking absolute luxury stay. WEAKNESS • Only above from 5th floor offer sea view. • The residence /Apartments are expensive, high tax rates. • Limited market share due to tough competition.
  • 18. SWOT ANALYSIS MACRO OPPORTUNITIES • With penthouse, Maid’s room & Resumed car parks extra storage can be charged. • Business center , Spa memberships, health club membership all are revenue generating, put to best use of options. • The location has a lot of potential in terms of view & that is the best up selling product. • Weli Deli , Spa , Mini Mart , Gym , are all revenue generating resources. • Introduce better membership plan. THREATS • Higher market share in same price. • Taj wellington Mews are higher on rates than anyone in the market. • Marriott offers best discount to the travel advisors.
  • 19. MICRO ENVIORNMENT OF THE ORGANIZATION • VISION • MISSION • ORGANIZATION CHATRS • STRATEGY • RESOURCES • PRODUCTS & SERVICE
  • 20. MICRO ENVIORNMENT OF THE ORGANIZATION OUR VISION To be the leading luxurious serviced Residences/Apartments in Mumbai, committed to providing a memorable living experience for our guest. OUR MISSION We strive to serve our guest with a personal touch & exceed expectation through continuous enhancement of our apartments, facilities & service, so as to provide a conducive and environmental friendly home away from home.
  • 21. CUSTOMER SEGMENTATION OF (TWM) • Corporate Clients • Multi-National Corporation • National & Multi-National Banks • Diplomats • Consultants to various Corporate • High net worth Individuals
  • 22. ORGANIZATIONAL CHARTS General Manager L & D Manger Security Manger Restaurant Manager Director Of Finance Spa Manager Director Of Engineering Sales & Marketing Front Office Manager Security Officer • Asst Guest Service. • Team Leader • A/C Officer • Finance Execution. • Asst Manager. • Purchase Manager. • Life Guard . • Personal Trainer. •Senior Fitness Trainer. •Spa Attendant. • Spa Front Office Receptionist. • Director of Engineering. •Front Office Executive. •Deputy Manager. •Secretary. • Coordinator. •Sale Executive. • Asst.Sales Managers • Guest Service Assistance. • Bell Boy. •Concierge. • Asst Manager Front Desk.HR Manager Asst.HR Manager
  • 23. PRODUCTS & SERVICE OF TAJ WELLINGTON MEWS PRODUCTS - • Apartments/Residence. • Board Rooms • Jiva Spa • Food & Bevarages SERVICE - •Parking •Wi-Fi • Pet facilities • Creche • Jogging-Track • Housekeeping • Swimming pool. • 24 hours business center. • Travel arrangements.
  • 24. RESOURCES • LAPTOPS & COMPUTERS • DATABASE • FOOD & BEVARAGES • RESTAURANT • SALES & MARKETING • FINANCE • HUMAN RESOURCES • SECURITY • EMPLOYMENT • PRODUCTS & SERVICES • TECHNOLOGY
  • 25. SALES STRATEGIES • To make a list of potential clients • Providing ideal incentives to the Re-location agency • Sales Strategy consist of a plan to gain a competitive advantage • Follow-up for building a good relationship with the customer for the long- term Relationship • Generate leads from finance sector/ Middle east Consulate/Relocation companies form the beginning of the month •The goal of the strategic sales is to achieve the fastest selling of the Apartments, Board Rooms, Jiva Spa • The right approach to Customer is with face to face interaction
  • 26. STRATEGY TO IMPROVE THE GROWTH • Keeping a track on new companies through the Sales team, Journals , Social Media sites • Work with Re-Location agencies for new business • Continuing relationship with residents who have move out • Focus on individuals guest • Focus on companies on South Central, Worli – to tap business from four seasons • Enhanced website experienced
  • 27. SERVICE TRIANGLE COMPANY Internal Marketing (TMTP,HOMT, TMTP Food Production) EMPLOYEE Interactive Marketing CUSTOMER External Marketing Communication (T.V Magazines, Business News. (THIS WILL HELP TO MAINTAIN AND RECOVER THE SERVICE GAP AND INCREASE THE BRAND AWARENESS) (PERSONAL SELLING,SERVICE ENCOUNTERS,SERVICESCAPES,CUSTOMER SERVICE)