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Hospitality Organization Business Strategies

Need help answering these questions

1. A hospitality organization has an opportunity to purchase a hotel located in the center of the city. A highway is located several miles away. What strategic objectives should the owners consider if they were to complete a SWOT analysis? (Identify one Strength, Weakness, Opportunity, and Threat).

2. What is the main goal of strategic management and what is its purpose.

3. What are some key tasks associated with the strategic objective implementation process?

4. What are the sources from which supervisors and managers in the hospitality industry use to calculate financial ratios of performance?

5. The _______________ ratio measures the management's ability to generate revenue and to control expenses.

6. A higher rate and controlled costs will increase the property's bottom line. This can be determined by calculating the __________________________.

7. Identify one process involved in the internal marketing process and briefly describe explain how this process is used to improve internal marketing.

8. What are the five key communication strategies in crisis management?

9. Identify an external threat to a hospitality firm and state what you would do to monitor and respond to the threat.

10. What leadership style would you most closely associate your style to and why?

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1. A hospitality organization has an opportunity to purchase a hotel located in the center of the city. A highway is located several miles away. What strategic objectives should the owners consider if they were to complete a SWOT analysis? (Identify one Strength, Weakness, Opportunity, and Threat).

The main objective in hospitality relates towards comfort while away from home within a pleasant environment. Thus, the SWOT analysis provides a clear vantage point to determining if the business organization, such as, a hospitality organization the ability to know if business success is obtainable. The key aspect in designing a SWOT analysis is to hone on building business awareness to effectiveness for delivering superior service. Some key areas of focus to illustrate within the SWOT includes the following based on the case example:

Strength - The brand name is imperative to establishing the "expectation" in assuring the consumer the superior service while staying at the location. (Try and identify attributes that promotes the brand and strength the marketing imprint to encourage consumers to staying at the hospitality organization).

Weakness - The accessibility in arriving or leaving for a short timeframe from the hospitality location can propose a problem in the aim to increase clientele. (Try and aim in outlining key competitors advantages against the hospitality organization in reducing the market footprint to succeeding gaining more targeted consumers).

Opportunity -- The uniqueness to the services within the immediate targeted geographical area than competitors (Try and think of the many changes to connect with the targeted consumer to reaching a desired outcome of brand identity through a specialty (free spa services, well known for top chefs or ...

Solution Summary

The review into hospitality organization strategy in succeeding within the targeted industry.

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