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Components of Strategy
Strategy has four basic components:Scope: which refers to the position the firm wants to have in relation to its environment.
Resource deployment indicates how the organization intends to allocate resources.
Competitive advantage is the specification of what advantage(s) the firm holds relative to competitors and
Synergy is the extent to which various businesses within the firm can expect to draw on one another.
Question 1: Explain why hotel managers today are expected to be well-versed in Facilities Planning and Design Management. What according to you could be the drawbacks of poor
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Personnel Management Personnel Management refers to the process of procurement and management of the human resource that is needed to accomplish organization objectives. It is
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C ommunication and reporting Effective communication among all project stakeholders is a leading factor to the success of a project. Sharing knowledge empowers every project s
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