Show what kind of labor-management relations

Assignment Help Finance Basics
Reference no: EM132740942

Read the following premise carefully and present your personal opinion based on the personnel management strategy you studied this semester with the questions below.

[Premise]

You have returned home after finishing your study of hotel management abroad.

You have acquired a hotel (or restaurant) with a long tradition of difficult management in your hometown.

Officials who have invested in your hotel hope to keep the hotel (or restaurant) tradition and make operating profits in a short time. On the other hand, when a new management entity emerges, rival hotels (or restaurants) in the neighborhood are also interested, and there is information that existing employees are also a little anxious.

1.What kind of personnel management strategy will you take after acquiring a hotel (or restaurant)?

2. As a result of the management audit after the acquisition of the hotel, you are hiring more people than we need to compare to sales revenue. Give your opinion on how to solve the surplus manpower.

3.I've heard there is an attempt to take the core talent of your hotel (or restaurant) from a nearby competitive hotel. In order to protect the core talent, you are trying to suggest some methods or measures. Specifically, what measures will be proposed to those core talents?

4. The hotel has a long tradition, so the employees have relatively long service years, so the labor costs are said to be high than other hotels. Take a concrete example of how there are ways to reduce the proportion of labor costs in order to secure adequate operating income.

5. After acquiring a hotel (or restaurant), you are planning a new and strong start by changing the atmosphere.

1) What organizational culture would you like your hotel (or restaurant) to establish? Tell me how you're going to make it.

2) Show what kind of labor-management relations you will establish.

Reference no: EM132740942

Questions Cloud

What bonds are to accounted for under the effective-interest : The bonds pay interest annually on January 1 of each year. the bonds are to be accounted for under the effective-interest method
Maximize the chances your manager : Is it possible to manage the attributions other people make about our behavior?
Determine the total cash dividends paid : Magic Corporation has 3,000 shares of $100, Determine the total cash dividends paid to the preferred and common stockholders during each of the three years
Outline five ways in which use of social media : Outline five ways in which use of social media in today's time could contribute towards conflicts in an organization?
Show what kind of labor-management relations : You have returned home after finishing your study of hotel management abroad.
What hanson rate variance for variable manufacturing : What Hanson's rate variance (VMRV) for variable manufacturing overhead for the week was? 1.5 standard hours per Zippy at $3.00 per direct labor hour
Buad 831 organizational design and dynamics : Describe and discuss the 3 most common and useful purposes of Social Research in Business Administration
How much of a dividend will the common stockholders receive : No dividends were declared in 2017, or 2018. DEF wants to pay $25000 in dividends in 2019. How much of a dividend will the common stockholders receive
Make an internal attribution : How would you increase the chances of an external attribution when you fail in a task? Discuss.

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate jimenezs 2011 forecasted ratios compare them with

the jimenez corporations forecasted 2011 financial statements follow along with some industry average ratios.jimenez

  What is overall net gain or loss for owning

What is your overall net gain or loss for owning this put option per unit in US dollars as a rational investor?

  Explain what is quartzs reservation price

Explain what is Quartz's reservation price and describe what is New Leasing Company's reservation price?

  What major benefits do corporations and investors enjoy

What major benefits do corporations and investors enjoy because of the existence of organized security exchanges?

  Evaluation of long term investment opportunities

As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities.

  Explain why you think it is vital

Pick two of the six and explain why you think it is vital that an underwriter would use this and how.- Finally, pick which of the six you think is the least important and explain that as well.

  Calculating the company debt-to-equity ratio

Boulder Mountain Ski Company has total assets of $417,000,000 and a debt ratio of 0.26. Calculate the company's debt-to-equity ratio.

  What is the maximum initial cost the company

What is the maximum initial cost the company would be willing to pay for the project? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to the nearest whole d..

  What amount should jared set as his goal

Jared has no savings. He watched his parents spend all their money every payday. But his grandmother always said

  Compute the cost of capital for the hughes acquisition

Compute the cost of capital for the Hughes acquisition, assuming no taxes.

  What is the firm''s value if cash flows are expected

What is the firm's value if cash flows are expected to grow at an annual rate of 0% from now to infinity? What is the firm's value if cash flows are expected to grow at a constant annual rate of 7% from now to infinity?

  Plot past annual exchange rate changes

Plot past annual exchange rate changes against differential inflation rates betweenTurkey and the U.S. for the last 20 years. Regress the annual rate of exchange rate changes on the annual inflation rate differential toestimate the intercep.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd