Strategic Business Adaptations and Growth Opportunities for Cahya Bali Resort in Bali’s Competitive Coastal Environment
Journal Title: International Journal of Current Science Research and Review - Year 2024, Vol 7, Issue 07
Abstract
This research analyzes the strategy adaptation and growth opportunities for Cahya Bali Resort in a high-competitive property industry in Bali. The research focuses in identifying factors that influence customers’ purchase decision in deciding to purchase property in Bali and to find the gaps between the factors that is considered important by customers and the factors that is perceived by PT. CBR as the important factors for customers. The need of this research arises from the stagnant sales in the project. The research employs quantitative and qualitative methods. The quantitative data is collected through a questionnaire that is participated by 178 respondents with various demographic segments. The results are analyzed descriptively using the cross-tabulation method. The qualitative data gathering is conducted to further explore the factors and to triangulate the data from questionnaires. The qualitative data is conducted by interviews with both external and internal parties that are involved in Cahya Bali Resort. From the interview result, the data is analyzed with coding method to explore the factors that appears the most. This research employs the 7Ps marketing mix approach as the parameter of the factors and suggested that there are gaps of between the factors that is perceived important by customers and by the management of PT. CBR. For customers, the important factors involve Place, Price, People and Product category. While for the management of PT. CBR, the important factors involve Place, People, Price, and Product. Although it may seem similar but the sub-factors in the 7Ps marketing mix differs between customers and the management of PT. CBR. The gap identification calls for strategy adaptations to answer customer. Further to the strategy adaptation, this research also suggested the growth opportunity for Cahya Bali Resort.
Authors and Affiliations
Fonny Mulia, Ilma Aulia Zaim,
Keywords
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- EP ID EP740976
- DOI 10.47191/ijcsrr/V7-i7-84
- Views 17
- Downloads 0
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