The commercial growth of the live music events industry “Live music events have grown into global events‚ give five reasons as to what has driven their commercial growth and success” By Anjes Kuypers LT1059 The Service Sector Industries Module Tutor: Abu Naser Word Count: 1499 Introduction In the past few decades there have been many developments in the live music events industry‚ which have led to live music events growing to be global events. (Goldblatt‚ J.‚ 2002) There are
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Porter’s Five Forces Analysis - Maruti The Porter’s Five Forces analysis is designed to evaluate the competitive forces in the industry the firm operates. If it determines that the combination of forces in the industry act to reduce profitability‚ it is saying the industry is unattractive. Even worse is an industry close to total competition. Keep in mind that this exercise evaluates the industry‚ not the firm. As such‚ this assessment would apply to Ford‚ Chrysler‚ Toyota‚ Honda‚ or any other
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Hospitality Management 18 (1999) 427}442 Operational issues and trends in the hospitality industry Peter Jones School of Management Studies for the Service Sector‚ University of Surrey‚ Guildford‚ Surrey‚ UK Abstract This article makes some predictions about the future by considering operational issues in the "rst part of the next century. Hospitality operations management is considered at two levels * the "rm level at which strategic operations management takes place; and the unit level
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The global game industry will generate $60 billion in revenue for 2011‚ and is growing at 10% annually according to a new research report by industry analyst Colin Sebastian for RW Baird. That growth rate should see overall industry revenue hit $80 billion by 2014‚ but the some areas of the business will remain flat or even decline‚ while other areas will be growing at an annual rate of 15% to 20%. The growth areas that Sebastian sees are in online and mobile games‚ “driven primarily by downloadable
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HOSPITALITY The Maranao are concentrated around Lake Lanao in the province of Lanao del Sur. The area is geographically isolated by mountain ranges. Because of the past inaccessibility of the land of the Maranao‚ an important role has been done which helped them to mold their distinct tradition. As they are free from direct cultural assaults‚ the Maranao tradition has been flourished. One of their performances in their musical tradition is the playing of kulintang ensemble. This kulintang performance
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Hospitality in the Odyssey It is very important for the people of the ancient world to practice hospitality. In the Odyssey‚ Athena‚ disguising herself as a seafaring man‚ appears at Odysseus’ palace. She is ignored at the front door by the suitors of Penelope. Later‚ Odysseus’ son‚ Telemachus‚ apologizes to her for the suitors’ lack of hospitality. He invites her to have a meal. In return‚ Athena offers the young prince a piece of good advice that he should go abroad in order to seek his father’s
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Situation Analysis 2.2 Industry Analysis The industry environment refers to a set of factors that would have a direct influence on a firm’s competitive action or responses. These factors were also known as Porter’s Five Forces Model is a useful strategic tool to evaluate the opportunities and threats for the oil and gas industry which includes the threat of new entrants‚ bargaining power of suppliers‚ bargaining power of buyers‚ threat of substitute products and intensity of rivalry among competitors
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Driving forces of Aerospace and Defense industry Regulatory influences and government policy changes. The aerospace & defense industry remains a profitable yet challenging business. Global cuts in government spending‚ especially in the United States‚ will put significant financial pressure on companies‚ forcing them to realign their strategies and diversify their business models. The ongoing decrease of military operations in Iraq and Afghanistan coupled with reduced military budgets globally continue
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consequences global forces have‚ by using the PESTEL framework. This framework is used to help form a strategic analysis of the macro-environment; the outside factors beyond the control of a company. It categorises the environmental influences into six groups: political‚ economical‚ socio-cultural‚ technological‚ environmental and legal; making up the acronym PESTEL. Analysis Political factors Europe has traditionally been seen as the centre of the beer brewing industry. However‚ the level
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P1.1 Analyse issues currently driving change in the travel and tourism sector. Chose a tourism destination and analyse the level of tourism development. Include statistical information about number of tourists‚ main tourism markets and how tourism affects local economy‚ social life and environment. The factors affecting the travel and tourism industry are political or they are influenced by worldwide economic developments‚ or they can be climatic changes. One of the most important factors which
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