hospitality practice Raffles Hotel in Singapore Full Situational Audit of the Raffles Hotel and Develop a Strategic Place for the next 3 Years. Cover Page: Student Number‚ Module Code‚ Title‚ Module Tutor Table of Contents‚ List of Tables‚ Figures and Appendices Introduction Explaining the Purpose of the Report Brief Company Overview (10% of the assignment mark) 400 words External Audit: analysis of relevant macro-environmental (PESTE) and industry dynamics (Porter’s Five Forces)
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Perform a detailed Porter’s Five Forces analysis for The Broadway Cafe. Be sure to highlight entry barriers‚ switching costs‚ and substitute products. Determine which of Porter’s Three Generic strategies you will use as you rebuild The Broadway Cafe for the 21st century Competitive Advantage To survive and thrive‚ an organization must create a competitive advantage. A competitive advantage is a product or service that an organization’s customers place a greater value on
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Case 2 Key Issues: The key issue for the Accra Beach Hotel lies amongst the hotel’s tendency to serve several customer segments. The hotel is booked for the West Indies Cricket Board (WICB)‚ and also tries to cater to frequent vacationers at the same time. These segments behave in different ways‚ thus their needs and expectations may conflict. The noisiness from the cricket group spoils the experience of other guests who have arrived to relax in a peaceful environment. The tension between
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1) The First Question: The size of global wine industry ranged from 130 billion to 180 billion in retail sales. Three categories‚ table (< 14% alcohol volume) dessert or fortified (>14%) and sparkling (champagne). Table wine consumption stands for the dominate market share. There’re 5 segments‚ jug or commodity (< $3)‚ popular premium ($3-$7)‚ super premium ($7-$14)‚ ultra and luxury (>$25). Jug wine consumption is nearly 38% of case sale but only 13% of the retail sales. The economics
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Abstract Porter’s Five Forces Model is a structured framework for analyzing commerce and business establishment. It was formed by Michael E. Porter of the Harvard Business School between 1979 and the mid 1980’s. Porter developed the Five Forces model in opposition to the SWOT (strengths‚ weaknesses‚ environmental opportunities‚ threats) analysis that was an industry standard for businesses to determine how they compared to other businesses in a certain market or if there was opportunity to expand
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“Competitive Strategy: Techniques for Analyzing Industries and Competitors. Porter’s theory has often been used by many people to understand more about a company’s structure and the method or plan used to run its business. In his book‚ Porter identified 5 external forces that will affect an industry or a market. The type of forces can help us to understand or to analyze how a company makes its profits‚ or how it could attract others to do business with. Porter also helps to identify the specific company’s
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The place and time period surrounding authors shape the way texts are written‚ and thus texts often mirror the culture they were written in. Australian values and attitudes of the 1990s are explored through Hannie Rayson’s construction of the play Hotel Sorrento. The play delves into the controversial and multifaceted discussion as to what it means to be Australian‚ offering views from old-fashioned 1950s‚ contemporary (1990s)‚ and progressive perspectives through the representation of main characters
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Porters 5 Forces Analysis of Apple ltd. 1. Industry Competitors There are a number of competitors for apple products on the market today. Android phones are in direct competition with i-phones‚ Microsoft software and operating systems are in direct competition with Apple’s Mac brand. Samsung is their major competitor in production of hardware such as smart phones‚ tablets and laptops. To respond‚ Apple has found a way to re-engineer a number of products focussing on design and usability to increase
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Mini Case 1: Hotel Continental By Rodriguez & Echanis Fundamentals of Management‚ Text & Philippine cases (6th Ed) Quezon City‚ Philippines: Diwata Publishing‚ Inc.‚ pp. 69 – 74 I. Personal Perspective To venture to another business as an answer to a growing demand could be an opportunity to grow and expand ones capability in handling business. There are so many nature of businesses and each requires keen knowledge if not thorough for
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the firm embraces and drives change . Industry analysis: Microenvironment analysis which allow for the firm to survive in the industry environment are driven by the political‚ economic‚ social‚ technological and legal factors. The industry environment here is a virtual environment which has not caught up with the fancy of the people. Though art galleries are meant only for the rich‚ the industry is oligopolistic in nature. It is a clustered industry with only very few firms and galleries in
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