Explain the purpose and relevance of a business plan, Business Management

Assignment Help:

Question 1:

(a) Explain the purpose and relevance of a business plan within the hospitality sector.

(b) Discuss the importance and role of market research within business planning for the hospitality industry

(c) Identify and explain what purpose a business plan can serve for a hospitality related organization.

(d) Illustrate the prime characteristic that a business plan should have.

Question 2:

There is the creation of an advanced Emirates Waterpark on an unused area of South Padre Island in the Emirates. The project includes the design, supervision and commissioning of a Waterpark, with the contract commencing in early 2009 and completion for 2010. The total project had a value of US$20 million. The park has a large catchment area of customers including local residents and seasonal visitors. The Waterpark incorporates the latest available ride innovations in the industry, with uphill water coasters, surfing machines, ride conveyors as well as the more usual attractions.

(a) In relation to the above case discuss what five characteristics should be taken into consideration whenever implementing such a leisure attraction and its facilities.

(b) Referring to the case study, explain how any five component of extended hospitality concept mix can be applied to enhance marketability of the leisure attraction. Provide justifications for your answers.

Question 3:

(a) Define the term:
i. Culture
ii. "organizational culture'

(b) Identify and briefly explain the main eight factors that make up the cultural environment of any given hospitality service provider.

(c) Describe the following :

i. Any five forces that lead to change within the hospitality sector.
ii. Any five factors that lead to individual resistance to change within hospitality


Related Discussions:- Explain the purpose and relevance of a business plan

How to make notes effectively, Question 1: You have been asked to give ...

Question 1: You have been asked to give advice on telephone technique to someone who is about to start their first job. a) Describe FOUR factors to be considered in taking

Different types of change that an organization may face, QUESTION (a) O...

QUESTION (a) Organisations are systems that exist in the context of an external environment, an interdependent relationship, interact with it in order to survive and grow. Any

How will environmental management tools be used, Tourism development places...

Tourism development places additional pressure on the environmental resources upon which it is based, compromising the future prospects of the local population and, indeed, the ex

Project for flower shop business plan, if can make in 6 hours Perso...

if can make in 6 hours Personal Business Plan . The plan should have the following elements: Executive Summary Products and Services Market Analysis Summary - Ma

Minnesota biolab case study, What triggered the new product strategy at Min...

What triggered the new product strategy at Minnesota Biolabs?

Discuss how the masculine and feminine language use differ, QUESTION 1 ...

QUESTION 1 a) Discuss how do stereotypes act as barriers to communication across cultures? Support your answer with examples. b) Explain and discuss on the sources of commun

What are the benefits of effective business communication, QUESTION 1 a...

QUESTION 1 a) Explain the seven elements involved in a Communication Process b) With reference to the 7C's and 4S's, explain how communication can be improved in a business

The major characteristics of physical development, QUESTION Based on wh...

QUESTION Based on what was discussed during your lectures on how children learn, answer the following questions. (a) Explain 4 strategies that you would use to enhance the l

Sales territory management, Sales Territory Management: To be efficien...

Sales Territory Management: To be efficient and effective the outside sales staff requires to be well managed and focused in their daily activities. The way they direct their

Write Your Message!

Captcha
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