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Michael Hill International SWOT Analysis
Michael Hill International SWOT Analysis
Michael Hill International SWOT Analysis
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Introduction In order to correctly elaborate on the four functions of management at Candlewood Suites, it is important to understand some significant background. Candlewood Suites is and extended stay hotel that falls under the hotel chain “IHG” (Intercontinental Hotel Group). The particular hotel examined below is a franchise owned by a family that runs numerous of different businesses. Extended stay hotels, such as the one mentioned operate on what is called a low budget. It is basically running itself, with only a limited number of staff on sight on the daily bases. Expenses to run the hotel should be low, due to a low turnover rate of guest, which should therefore keep payroll cost at a minimum as well. Due to the fact that it is a franchise, the management hierarchy is not only different, but also slightly confusing and out of order sometimes. Even though there is a general manager on site, which is supposed to function as the decision maker, the owners, which in this case are four different people tend to have the last say so in all major decisions. The management pyramid consists of the owners, followed by the general manager, and the director of sales, which is equal to the operations manager. It is also important to understand that even though the hotel is franchise owned, the “IHG” structure, as well as procedures have to be followed at all times in order to avoid fine’s or the loss of the operational license. Planning The most important planning tool at Candlewood Suites is the “SWOT Analysis”, along with a constant updatable “Market Analysis”, which was a team effort between the general manager and the director of sales. In the hotel business it is at all times essential to know the strength of the product you are... ... middle of paper ... ...f sales has his/her own department, which works closely together with the operations manager and the front desk. The director of sales should posses the power to control and hold the front desk accountable, especially when it comes to rooms sold. Conclusion To conclude this case study of Candlewood Suites, it is important to look at all the four management functions above. It is evident that all four functions go hand in hand in order to be most effective. In this case, even though the planning stage was somewhat successful, the execution stages and everything connected to it failed. The foremost reason for this to happen was wrong organization at time. With a stronger leadership on property, and a more effective control and accountability system the work environment, as well as occupancy and revenue could have been maximized at all times.
It has also established a distinguishable name among its competitors with a reputation for leading customer service. However, even as an established venture, the company needs to maximize its profits in order to stay in business and expand into new territories beyond its conquered boundaries. A strategic analysis was carried out by our team to establish the company’s current situation. A SWOT analysis was performed to come up with three referenced, strategic alternatives. These alternatives are meant to act as strategic guidance to the company in order to enhance growth.
The SWOT analysis: The study of the firm's Strengths, Weaknesses, Opportunities and Threats called SWOT analysis, a key step in flushing out known performance issues that are important to the growth of the organization addressed in the corporation strategic plan. The issues identified in the SWOT analysis help leadership to come up with a plan and strategy to achieve the overall mission of the company (Strategic Planning, n, d). Target Corporation is one of the largest public retailing company in the US having more than 1700 stores serving guests nationwide. Target group and its brand position are evaluated in the market using SWOT analysis.--
In order to achieve its goal, the managers of Marriott have developed a financial strategy with 4 main decisions.
The objective of this paper is to analyze and discuss some of the Boeing Company's business decisions using their strengths, weaknesses, opportunities and threats, also known as S.W.O.T. analysis, which is defined as, "a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats." (Nickels, McHugh, McHugh, page 216)". This is a very powerful tool usable by any business that is just starting out, going through a change in direction, or in the process of a major merger. SWOT analysis consists of a few simple steps which can provide valuable insight for direction and decision making. This paper will use The Boeing Company as an example of a SWOT analysis application.
The SWOT analysis (abbreviation for Strengths, Weaknesses, Opportunities and Threats) is an essential tool in marketing for understanding and supporting decision-making in all kinds of situations in business and organisations. In brief, it provides an accurate context for studying strategies, positions and directions of a company proposition. It is used mainly for business planning, competitor evaluation, marketing, business and product development and research reports. SWOT analysis is also a widely recognised method for gathering, structuring, presenting and reviewing extensive planning data within a larger business or project planning process. (Chapman, 2014)
The following describes a more detailed description for the SWOT analysis. The first acronym is S for strength. The first strength is brand recognition. The hotel has a competitive edge due to its brand loyalty and aftermarket sales. It also drives the firm toward growth and expansion. This will also benefit the stakeholders with stock in the company Second is social responsibility the Wyndham company works to maintain social responsibility
There is a Director of Food and Beverage that oversees the kitchen, catering, Banquets, restaurants, room service, minibars, lounges, bars and stewarding (Walker, 2013). There are several members of Management that report to the Director of Food and Beverage. The assistant Director of food and Beverage who assist the Director of Food and Beverage and helps to k...
A SWOT analysis is simple exercise that could be implemented on multiple subjects including an individual or a whole corporation. The SWOT analysis is an operational tool for managing change, defining strategic direction and setting realistic goals and objectives according to Simoneaux and Stroud (2011). Discovering new opportunities and manage and eliminate threats that are present in the company and the surrounding market. SWOT is a valuable technique that leads to a better understanding of the strengths, weaknesses, opportunities and treats both internally and externally. The strengths and weakness are to be considered internal factors and opportunities and threats to be e...
b) Managers – that they have very little to no control over their property or employees. It seems like many important decisions have been taken away from managers, and they can not react in the best interest for the hotel chain because what’s in the customer’s best interest is usually not the same as the company’s best interest.
By the end of 1998 though, there was evidence of a crisis occurring. Customers and media pulled together to assist senior management partake in an internal audit to identify the problems and see if they could come to a solution. The purpose of this assignment is to construct a SWOT analysis, highlighting each of the strengths, weaknesses, opportunities and threats that were highlighted in the internal audit. The SWOT analysis is contained within the marketing plan and is the third step in the marketing planning process, coming after the Marketing audit and before any assumptions. (Joisce, Ted (2002), Marketing Planning Lecture Notes – 14/10/02, Mission, Objectives, Strategy, Tactics)
A SWOT analysis is used to assess a company’s strengths and weaknesses found within the company, as well as opportunities and threats that emerge from the external environment. In this analysis, the main strengths, weaknesses, opportunities, and threats facing the Ford Motor Company will be discussed to provide a powerful analysis tool that supports the planning process for marketers.
The Hotel industry has become very important in the past years due to immense traveling and growth of international business. Hotel industry not only plays an important role in the life of people but as well as the economy of the country. Development and advancement in the Hotel industry have rapidly been taking place and especially since the rapid change in technology, it is very important for hotels to be promptly keeping up to date. When the hotel industry is spoken of, there are many famous hotels but one hotel company that has been outstanding in growth and other aspects of business, like in Leadership, Teamwork (Employee turnover), Motivation (Customer retention and satisfaction, Goals and objectives, (changing the way hotel business has worked), and Change within the company; structurally inside and physically outside, adding elements, like entertainment, gaming, and outdoor activities, is the Hilton Hotel Company.
The hotel industry performs within a saturated market, driven by customer loyalty and competitive pricing to stand-out. This competitive nature makes it extremely important to capitalise on strengths while improving on
Campbell’s views and ideas are something that is spreading within the Hospitality Industry, because when you are aware of the “human factor” as he calls it, properties are able to increase their Revenue per available room (Revpar), and occupancy percentages, above what the software will predict.
In the hospitality business, performance management is attributed to the fact that a hierarchy of authority exists and each staff is delegated with specific tasks hence this facilitates performance assessment within the different departments and entire organizations. Hilton Hotel has been successful as it has come up with the effective HRM strategies which include outlining the desired code of conduct expected and allowing its personnel to identify areas that need improvement in the implementation of these strategies. It ensures that their personnel are equipped with the right skills by offering training, counseling activities and it has an effective performance appraisal system which facilitates the successful implementation of strategies (Gehrels and Suleri, 2016). It is also important to note that the personnel at the Hilton Hotel are required to actively participate in their delegated duties with the aid of operating systems which results in good performance management. HRM strategies should be designed in alignment with clear achievable principles according to Madera et al. (2017) while Gehrel and Suleri (2016 ) emphasis that HRM strategies should be based on repetitive and clear communications amongst staff. The two most important assessment procedures in performance management include the impact of self-identification of the personnel through their personal data, qualifications and records and the consequently the evaluation of these by the manager (Najeeb,