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SWOT analysis on hospitality and tourism industry
Swot analysis of hotel industry
SWOT analysis on hospitality and tourism industry
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1. A SWOT analysis for mobile tourism business, E-Museum. trengths:
* Employees skilled and knowledgeable
* App format easy to navigate and understand.
* Attractive banner which appeals to target market.
* Global compatibility- it is available on universal app stores in all languages.
* Fast, unhindered access to market (online).
* High employee motivation and morale.
* Good marketing department and well-designed advertising campaigns aimed at the target market. eaknesses:
* Inexperienced management team who will not have a thorough understanding of market.
* Security issues (i.e. protection from hackers etc.)
* Employees may not be trained in using latest operating software.
* Long installation process.
* Lack of advertising campaigns (target market is therefore unaware of E-Museum). pportunities:
* Development of loading speed.
* New ways to encourage downloads (e.g. special offers and discounts.)
* Use of local suppliers for broadband (Telkom) and computer equipment to limit expenses.
* Growing and developing technological market with infinite possibilities.
* Growing demand for a tourist guide app.
* Clever marketing campaigns on social media which will reach target market quickly
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Tourism attractions will receive little to no local visitors, as consumers will no longer have sufficient income for luxury expenses. Therefore, employees of said attractions and local, dependant tourism businesses will be retrenched. Therefore, unemployment, poverty and crime will increase. Therefore, there will be a huge decrease in demand for a tourism app such as E-Museum. The business will therefore suffer great loss in income. It is vital for E-Museum to have funds saved to provide supplementary income for a period in which little income will be earned. This will minimise debt, retrenchments and the chances of the business closing
CenturyLink is one of the larger communications companies within the United States and has even expanded abroad to other countries. When analyzing the SWOT analysis for CenturyLink, I was able to identify several strengths that set them apart from their competitors. As mentioned, they are distributing services in over 20 states currently and continue to broaden services to reach more clientele. They pride themselves on exceling in data communications and network systems databases which has allowed them to become one of the desired communication companies.
AT&T services the company has to consistently offer new product/services to clients. That way they continue to keep loyal customers and bring on new clients to eventually keep a long-term relationship with. Without monitoring any technological changes or innovating new technology to differentiate themselves from competitors, clients will begin to look elsewhere for product/services that can offer more.
Running a museum is very expensive, the Museum Modern Art in New York City is running on constant deficit, approaching to 1 million dollars a year and still worsening (Source A). As an attempt to solve this issue, some museums have started museum store and gift shops to raise money, however many believe the sales will rule the museum and will devalue the chances for people to learn in a museum (Source D). Money must be considered because art works, especially older art works, are very costly. When a person is getting new art works for exhibits within the museum, they will have respect the budget of the museum and make logical choices.
Thesis: The Government can give permission to make the museum but it is usually business runned when it comes to maintaining it.
Running a business or organization can be challenging, however, if there is strategic planning in place then the task seems less daunting. Strategic planning consists of carefully thinking about strengths and weaknesses and carefully comparing one business to another (Bateman & Snell, 2013). SWOT Analysis is step number 4 out of 6 steps that some businesses utilize in order to examine their business and some to get back on their feet (Bateman & Snell, 2013). This writer will be discussing in greater detail strategic planning, SWOT Analysis and will be exemplifying via a corporation of choice, with is McDonalds. This writer will be reflecting on a worksheet outlined in Bateman & Snell (2013) textbook to help the reader better understand such
Dynamic strategic management encompasses the approaches, tools and activities organizations utilize to determine direction, increasing the likelihood of organizational goal attainment. It is an approach that suggests organizations operating in uncertain environments require a flexible plan to minimize risk and take advantage of opportunity As a tool developed to analyze a firm’s position within its operating environment, a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis provides insight into how internal and external factors are inhibiting or facilitating advancement toward reaching organizational objectives within a dynamic environment. This paper aims to understand how a SWOT analysis assisted the Calgary International Airport Authority create a competitive business plan for their future in an uncertain environment.
Internal resource is the first consideration that can lead to sustainable competitive advantage and Resource –Based View (RBV) is a theory that usefully helps a firm focus on internal resources (Kraaijenbrink, Spender & Aard, 2010). According to RBV (Valuable, Rare, hard to imitate and non-substitutable), companies have different tangible and intangible resources, these resources can be transformed into unique ability, this special ability cannot flow between firms and rival firms and difficult to reproduce. These unique resources and abilities are the source of enterprise sustainable competitive advantage. In this part, Starbucks and Apple are worth to be analyzed by RBV.
just a new way to generate money from tourists than to help the environment. “The museum off
Moreover, Uber faces stiff competition from the local taxi companies, Kuaidi and Didi Taxi. Uber’s chief rival, Kuaidi, has little influence out of China. However, it boasts of six million taxi rides in China on a daily basis and has the backing of Alibaba, a giant in Chinese e-commerce. The other rival, Didi Taxi, enjoys support from Tecent holdings and is one of the leaders of ride-hailing applications. Kuaidi launched a limo service in almost twenty major cities, which competes with Uber’s luxury black cars. Kuaidi uses a different operational model from Uber. Its application has a hundred million users and is used to hail taxis in three hundred congested cities in China. Currently, it does not benefit the company financially
Through out the semester in Principles of Management, the class has learned many different ways to go about running and operating a business along with how to manage a business. Out of all the different ways, Strategic planning and SWOT analysis appeared to be more interesting than other subjects and learning more about them could help some body run a business in a more professional manor. SWOT analysis is a simple way to see whats on the table and it can help build a business by using the information you find and strengthening the weakness, taking advantage of opportunities and facing whatever threats a business may have. () Strategic planning is the application of the basic planning process at the highest level of planning. () This form of planning has a few different stages that it goes through to ensure that it is the best way possible to carry out plan. SWOT analysis and strategic planning are used daily in the business workforce and are great tools for success.
Hospitality is about serving the guests to provide them with "feel-good-effect". "Athithi devo bhavha" (Guest is God) has been one of central tenets of Indian culture since times immemorial. In India, the guest is treated with utmost warmth and respect and is provided the best services.
This café provide lot of food varieties and cold drinks and coffee for new daily customer on cheap rate.
The attraction to tourism and to the wider community can be a huge advantage to some towns allowing them to become noticed on the map. However this can also be a disadvantage within the community. This is shown through the population growth of communities increase due to the attraction of certain areas involving the local heritage. Population increase can result in a housing crisis which can be resolved with the development of new properties. The development of such properties then takes the land away from the community and can also take away the heritage which can sometimes be on the buildings site.
Tourism is often associated with traveling to places away from home. Tourism has a big impact on the economic growth of some countries, which define the shape of their cities by producing different sectors like historic districts, convention centers, museums, malls, hotels, restaurants, and the list can be endless. Furthermore, tourism elements have been developed by cities for a variety of reasons including: situating themselves in the world by drawing a positive image and attracting visitors and for their money.
Tourism is the one of economic and social activities that increasingly vital. Number of travellers domestic and international is increasing. In fact, several countries in present world develop tourism sectors as primary sector which generate national income. According to Salah Wahab and Cooper (2003). Tourism is also sector which involves role that mutually link between government, private sector and also public.