Hospitality and Tourism Industry Introduction to Hospitality – HTM100 In the following paper‚ I will determine the challenges involved in managing restaurant operations that are specific to my state‚ as well as how I would address those challenges. Secondly‚ I will determine the impact of computerization on food service and lodging operations in my state. Next‚ I will analyze the interdependence of food service‚ lodging‚ and meeting segments of the hospitality industry and make two recommendations
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1. Introduction –The five forces frame work of analyzing was introduces by Michael E. Porter in his book competitive strategy `Techniques for analyzing industries and competitors`. Through this tool we can analyze an organization in strategic process. Porter has developed the five forces in such a way that any organization or any market can be benefited or analyzed. Based on the information about the KFC using the five forces analyses management can decide how to influence particular characteristics
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Country having 10 provinces & 3 territories in its content. It is located to the northern side of the continent. The extent of the land is about 9.98 million square kilometres in total & it is the world ’s second-largest country by total area. Canada’s common border with the United States becomes the world ’s longest land border shared by the same two countries. The country is a federal parliamentary democracy and a constitutional monarchy and the Queen Elizabeth II is the head of the state. Canada is officially
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A. Using the PESTEL framework‚ identify which of the factors are impacting the tourism industry in your country. B. Indicate also which of the factors that you have identified are most important and why. A. The PESTEL framework is designed to provide managers with an analytical tool to identify different macro-environmental factors that may affect business strategies and to assess how different environmental factors may influence business performance now and in the future. It includes
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Porter’s Five Forces Analysis An analysis of the structure of the industry should be undertaken in order to find effective ways of competitive advantage (Porter‚ 1985). Therefore‚ in order to analyze the competitive environment of Tesco‚ Porter’s five forces analysis has been offered by the researcher as follows: Threat of substitute products and services The threat of substitutes in the grocery retail market is considerably low for food items and medium to high for non-food items.
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…. 3 Introduction………………………………………………………………...………….…. 4 PESTEL Analysis…………………………………………………………………….…... 4 POLITICAL………..………………………………………………………….… 4 - 5 ECONOMIC…………………………………………………………………….… 6 SOCIAL…………………………………………………………………………… 7 TECHNOLOGY…..…………………………….………………………………… 7 ENVIRONMENTAL…………………………….………………………………… 8 LEGAL…………………………….………………………………………….…… 8 SWOT Analysis………………………………………………………………...…….…... 9 PORTAL’S FIVE FORCES Analysis……………………………………....……... 10 - 12 Conclusion……………………………………………………………………
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PEST ANALYSIS FOR DIGI Political Factor The politichas been characterized by the relationship between the three main ethical groups.Goverment-controlled incumbent fixed-line operator TM continues to dominate the market ‚accounting for around 62% of the total communications revenue‚86% of the total fixed line services and revenues and via its celcom subsidiary – 38% of the toal cellular telephone services.The Malaysian government has a very active privatization program.Despite this‚a number of major
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MBA Industry and Porter’s Five Forces MBA Industry: The MBA school industry includes universities and colleges that offer academic courses and grant graduate degrees. The general requirement for admission is a bachelor’s degree and GMAT® scores. Some schools and programs also require prior employment experience. Instruction is typically provided on physical campuses‚ although online education and other unconventional approaches are gaining popularity. For purposes of this paper‚ for-profit institutions
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Lastly‚ the PESTEL is a tool analysis that helps a business forecast the trend and analyze overall image of the company in the future. It based on external factors as political‚ economic‚ social‚ technology‚ environmental and legal. If a hostel never knows how this tool works‚ the hostel could face up with economic effects‚ political instabilities or any external risks which change through time. It means the business will not recognize the change of external factors; it is a kind of risk as well
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Pestel analysis of Titan Watches PESTEL analysis : Pestel stands for Political‚ Economical‚ Sociocultural‚ Technological Environmental‚ Legal analysis of the external environment affecting the business. PESTEL analysis is done by managers to understand the macro environmental factors affecting the business. These analysis are strategic tools for understanding market growth‚ market share‚ latest trends etc. * Political factors : These refer to the relevant
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