does strategic planning benefit hotel industry?
145458
Of course it does! Many hotels build BEFORE the demand for such arrives and costs rise. That's a no brainer.
452064
It is management's responsibility to ensure that systems thinking is utilized throughout the Systems Development process. \n\nManagement complements the SDLC when it comes to Project Quality. It provides a method of managing these unique project efforts, which increases the odds of attaining cost, schedule and quality goals. \n\nThe primary benefits of a good Management Process will:\n\nProvide consistency of success with regard to Time, Cost, and Quality objectives\n\nEnsure customer expectations are met\n\nCollect historical information/data for future use\n\nProvide a method of thought for ensuring all requirements are addressed through a comprehensive work definition process\n\nReduce Risks associated with the project\n\nMinimize scope creep by providing a process for managing changes\n\n\nWithout strong management support, circumstances will affect our ability to satisfy the customer and meet our project and product objectives. Management that is willing to intervene, when asked to, will further increase the probability of successfully delivering a quality product.
79159
There are 3 key reasons for any plan to fail.  First, flawed assumptions.  Second, incorrect assumptions.  Third, poor execution.\n\nThe first 2 put the blame on the plan or assumptions used to create the plan while the third blames the organization itself.  \n\nThe purpose of strategic planning is to make sure that the entire organization is pointed in the same direction.
263217
I'm not sure about that but I found this site about Strategic Management. \nhttp://72.14.203.104/search?q=cache:l6Dj1B0jNacJ:road.uww.edu/road/washbusj/MGMT788/Class%2520Items/SWOT_BCG_GS.ppt+internal+and+external+strategic+management+matrix&hl=en&gl=us&ct=clnk&cd=4&client=safari
607060
Yes, especially new projects or greatly changed existing projects.\n\nReview Benifits vs Cost, Resources required, expected Return on Investments, Marketing Analysis Expectations, Safety Considerations, Technology Use, Mfg Local, Industrial vs Commercial vs Military.\n\nKinda Like taking Murphys Law and turning it upside down or inside out to assure success in the short term as well as in the long term.
266594
Strategic planning is simple:\n\n1. Where are we now?\n2. Where do we want to go?\n3. How are we going to get there?\n4. Who has to do what?\n5. How are we doing?\n\nIf the strategic planning process is SIMPLE, as in the five steps above, then everybody will get involved and the company will likely succeed.\n\nIf the strategic planning process is COMPLICATED, then nobody in the organization will understand it (or people will understand it, but they will each have a DIFFERENT understanding!). Then, strategic planning would negatively impact the company.\n\nIn short, if you want your strategy to work, keep it simple!\n\nGood leaders are people who are intellectually and linguistically skilled enough to SIMPLIFY things for their followers.\n\nThink of JFK's "strategic plan" of putting a man on the moon before the end of the decade. It was a simple strategic goal, and that is why it worked.
13473
Michael E. Porters "Five Forces" has been the de facto standard since the 80's for approaching business strategy:\n\nhttp://www.quickmba.com/strategy/porter.shtml\n\nSubsequent approachs have been adaptations or partial rejections of this approach.  Regardless, if you are going to learn business strategy and analyze opponents well, you should start here.  It will give you context for subsequent learning.
878968
Because Human Resources takes care of the employee factor, who they hire,ect. So if you had a hotel, it would be very important that you know who would be a good asset for your company.
546616
The hospitality industry is phrase covering a varety of service industries that receive a customer to service them with that of traditional "hospitality", such as providing them food and beverages, or provision of a room and bed to sleep. It is often applied to hotels and resorts.\n\nTravel and tourism,Acomodation(Hotels),Nightclubs,Services(spas),Restaurants and food catering service.These are the 5 segments of the hospitality sector.
822783
Strategic planning is the process of determining a company's long-term goals and then identifying the best approach for achieving those goals.\n\n\nSteps of the planning process\n1 - Identify the problems\n2 - Determine what alternative solutions exist\n3 - Decide what the best alternative is and prepare the plan \n4 - Put the plan into action, and see how it works and learn from the experience.
368600
An international business strategy generally means a strategy that lets a company to grow sustainably , balancing short term , medium term and long term interests not only of it's own field ,country , or other categories but also of the general human beings each step of the way.\nInside there will be strategies that not only give tangible profit but also intangible profit such as energy effieciency that and other measures that help conserve, HRM policies that balance work , family  and the individualconcerned, of every identities imaginable ,CSR that help innovate ideas which raise the probability of more healthy, happy and more buying powered population and expanding plans glocally that cooperate creatively wise indigenous ways not violently reject .
751137
Business Management Improvement.
333991
Disadvantages of planning in an organization?  There is really only one, and that would be a volatile market.  For example, if the HR Dept. projected huge growth in two years and began training, hiring, etc.... a disadvantage would be an incorrect projection as it could increase cost for no reason.\n\nAs for planning, every organization must plan.  Some only for the short term (Julie is pregnant and she's leaving next week- we better find someone to take her place) and others use a type of HRIS, labour projections, training evaluations, etc... to plan for the future.  \n\nIn response to the previous answer, an organization should always know what the employees want.  The organizational strategy must match the management strategy and this is only achieved through planning.
988722
First requisite to hotel management is to be smart,energetic & well spoken coz this is service industry.so doing in UK will develop ur personally which is a essential feature.
1124235
It all depends on which college / university you go to.\n\nThere's plenty of stuff with (business) mgmt. that's 'science' oriented. But then again, good managers practice it as an 'art'.\n\nIf you really need an example of it in practice, -then the "science" part determines the best location for the store, after calculating the demographics of a particular market, and the 'art' portion determines the width of the isles, -with just a 'gut' feeling.
1168836
Theory of competitive advantage
976369
travel and event management company