SESSION IV: SECTORAL DEVELOPMENT 2: Services Tourism and Entertainment Srilal Miththapala BSc (Eng) ;CEng; FIEE; FIH; Project Director‚ E U Switch Asia Programme Greening Sri Lanka Hotels Project‚ Past President of the Tourist Hotels Association of Sri Lanka World Tourism Tourism is referred to by many as the world ’s largest and fastest growing industry. It accounts for over 9% of global GDP‚ and in spite of several external setbacks‚ still continues to grow at 4-5% annually. International
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IMPLEMENTING RELATIONSHIP MARKETING: THE ROLE OF INTERNAL AND EXTERNAL CUSTOMER ORIENTATION by T.F.J. Steyn*‚ S.M. Ellis** and F.A.A. Musika* *WorkWell: Research Unit for People‚ Policy & Performance School of Entrepreneurship‚ Marketing and Tourism Management Potchefstroom Campus North West University[1] **Statistical Consultation Service Potchefstroom Campus North West University Paper presented at the European Institute for Advances Studies in Management (EIASM) Workshop on
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John Imbal‚ Madang‚ Papua New Guinea-essay sample-not edited to perfection! An internal and external environmental analysis of Palms New Guinea Arts Gallery on its strategic management. Introduction In this modern age‚ strategic management has become an important issue for those that manage different organisations‚ regardless of whether it is for profit or not-for-profit motives‚ and whether it is for competition or cooperation between firms. Strategic management is an important issue for
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Internal Analysis The financial ratio analysis of a company is a useful indicator to measure the success of a company. By comparing financial ratios between companies in the same industry (competitors) it is a useful way for investors and shareholders to determine the financial health and/or the sustainability of a company. Disney’s main competitors within the industry include Time Warner and 21st Century Fox. There are five key areas of comparison that provide excellent financial analysis of a company
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The internal environment: * Strategic competitiveness and above – Average returns result when Internal organization (What a firm can do : function of resources‚ capabilities‚ and core competencies) matches External environment ( What a firm might do : function of opportunities in the firm’s external environment → Competitive Advantage * Competitive advantage key points: * No competitive advantage lasts forever. * Over time‚ rival use their own unique resources‚ capabilities‚ and
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of adding a major entertainment center to a shopping mall has been gaining popularity over the past few years. Several of these so called ’mega-malls ’ have been constructed in various regions of the country‚ with substantial square footage allocated to large-scale entertainment centers. The first major entertainment mall was probably the West Edmonton Mall in Alberta‚ Canada‚ which came complete with a full amusement park and indoor surfing. Some of the largest U.S. entertainment malls now include
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Entertainment and News News coverage‚ whether by television‚ radio‚ the internet‚ or newspaper must be selective‚ selective not simply in which stories it reports but in how it presents them as well. The media is incapable of providing a rundown of everything that has transpired in a day. Therefore‚ editors‚ reporters‚ etc… decide what will go into the reports. Equally important‚ reporters are still human beings who‚ in spite their good intentions‚ occasionally succumb to anger‚ jealousy
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ARTS AND ENTERTAINMENT: Art is that three-letter word which encompasses literally everything around us. The world we live in and everything in it that spells beauty‚ creativity and innovation‚ is a piece of art. The world itself is God’s creation‚ a piece of His art. We human beings‚ and everything ’living’ are God’s masterpieces‚ His works of art. And then there are miracles man created... his works of art. Forms of art are many...music‚ dance‚ drama‚ painting‚ pottery... and the list just goes
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manage any such Crisis in future.? GENERAL ENVIRONMENT ANALYSIS The general environment analysis will focus on trends in the four segments of General Environment. The following table shows the changes in the general environment that are affecting airline Business on an ongoing basis. B. Industry Analysis PORTER’S FORCES Threat of new Entrants and Barriers to Entry: Following are some of the threats to enter into a Airline Industry High initial investments and fixed Costs. Higher
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Strategic Management Analysing the external environment (part 1) What’s going on out there now and in the future? Environmental influences in the broadest sense Macro/general environment: PESTEL Environmental influences related to the dynamics of the industry under question Competitive environment: Porter’s Five Forces (Porter‚ 1980) Example PESTEL The automobile industry Political – Climate change agenda – Fuel prices – Expansion of EU Economic – – – – Changes in
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