Sign In
Not register? Register Now!
Pages:
1 page/≈275 words
Sources:
Check Instructions
Style:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.86
Topic:

RFM Data-driven Strategy

Essay Instructions:

The same requirement to the previous paper.
Please answer 3 questions under the reading material. Answer 100 words per question, minimum of 300 words in total.
Thank you for your work again. I may have more similar papers to do.
P.S. here is the course description from the syllabus:
In this course, students learn the basics of database setup and management as well as the analytical techniques and tools used in integrated marketing to assess, enhance, and profit from customer relationship management. The course reviews database technology, organization, and planning including technology needs and outsourcing considerations; sampling techniques such as nth selects and frozen files; creating powerful predictor variables such as univariate and cross-tabulations, ratios, time-series variables, and other measures. The course also covers predicting customer actions by using multiple linear regression and logistic regression to model response, payment, attrition, churn, and other factors that assist in segmentation. Students also learn how to combine prospect and customer data residing on databases with outside sources of data to drive response models.

Essay Sample Content Preview:
Question 1
Understanding guests' value and the type of content, service, or promotions that compel them to book directly is an effective strategy in the hotel industry. With the RFM data-driven strategy, marketers of hotel chains such as Marriott Hotels & Resorts may deploy some strategies to boost their marketing efforts. One method is to build customer personas and get to understand their guests. Secondly, they can use RFM to improve their digital marketing and improve the data-driven designs (Mastrogiacomo 1). In content personalization strategy, marketers should utilize the strengths of RFM and launch RFM focused multichannel alongside CRM campaigns.
Question 2
In the RFM strategy, I would give Frequency more weighting. How frequent a guest stays is vital to the hotel since it shows the value they place on the hotel. To frequent, someplace mean that there is something likable about that place compared to others. With Frequency, marketers can extract the particular features that make the place desirable. Secondly, I would prioritize the guest's total...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

👀 Other Visitors are Viewing These MLA Essay Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!