European Tour Operators: Introduction: The macro-environment looks at broad trends shaping the national and international environment. An analysis of the macro environment is crucial in determining the factors which have a direct impact and/or might influence the strategic direction of an organisation. The macro-environment is difficult for organisations to influence and changes can be far-reaching. The media is usually rich source of both information and speculation and as such cannot be a reliable
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reviewed. It was found that BSC provides valuable information that supports managers in taking strategic as well as tactical decisions. In addition‚ BSC appears to be positively associated with profitability and managers’ job satisfaction. In terms of real world application‚ BSC was found to be widely applied among businesses. It is used mainly as a tool of ‘Strategic Decision Making’ but exerts greatest influence on ‘Business Actions’. Contents
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A multinational tour operator agency has gained new business growth in the North American market through the use of social media. Its operation has expanded by 50% within six months and the agency requires an enhanced data management strategy to sustain their business operations. Their existing data repository for its reservation processing system is limited in business intelligence and reporting functionalities. The tour operator seeks a database management specialist to assist them in leveraging
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Framework for Tour Operator Manual As we have seen during our classes‚ Tour Operators are one of the links in the holiday retail distribution chain. It is part of your task to put together and organize a package holiday to be sold through retail travel agents. The role of T.O.’s is to act as intermediaries in the retail distribution chain. They provide‚ for example‚ the link between the hotels‚ airlines‚ travel services such as transport companies‚ attractions‚ museums‚ car rental companies
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travel agents‚ tour operators etc. are considered the intermediaries (distributors). Their main task is to bring buyers and sellers in the field together and reduce transaction and supply/ownership costs between buyer and seller‚ instead of completely eliminating an intermediary (such as a distributor). Benefits of Tourism Intermediaries For the producer: * they are able to sell in bulk (for example: hotels) and might be able to transfer a certain risk to the * tour operator depending on
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TACTICAL AND STRATEGIC DECISIONS Investment decisions may be tactical or strategic. A tactical investment decision generally involves a relatively small amount of funds and does not constitute a major departure from what the firm has been doing in the past. The consideration of a new machine tool by a motor manufacturing company is a tactical decision‚ as is a buy-or-lease decision made by an oil company. Strategic investment decisions involve large sums of money and may also result in a major
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Tour Operator Agency Database Jeremy Clark Dr. Larisa Bulysheva CIS 515 – Strategic Plan For Database Systems August 14‚ 2013 Tour Operator Agency Database Week 6 Assignment 5 Mike Jennings Enhanced Database Management Strategy Proposal An efficient data structure design requires a thorough analysis of both the rules a business follows and the relational business objects that allow the production of output for the organization. An efficient model of data
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THE PORTFOLIO ASSIGNMENT PART A: The European Tour Operators Case Introduction The first part of the Portfolio Assignment will include an analysis of the external environment of two large travel companies‚ Thomas Cook and TUI. The three models that will be included and discussed in the first part of the assignment are PESTEL‚ Porter’s Five Forces and Industry Life Cycle. These three models should be done for both of the companies. For this assignment I should also briefly discuss the overall attractiveness
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Zero Fee Tour-Making an Ethical Decision? Generally‚ ethic is similar to moral value that regulates the behavior of people and we use ethic to justify what is right and wrong. Business Ethic is therefore the standard to justify what is good or bad in making a business decision or in running a business (Geer‚ 1994). Business ethic is relevant to both conducts of individuals and business organizations. Some of the enterprises just simple ignore the business ethics and run the business practically
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Tour Operator Agency Database Name: Institutional Affiliation: Tour Operator Agency Database 1. Data Model a. Propose an efficient data structure that may hold the tour operator’s data using a normalization process. Describe each step of the process that will enable you to have a 2nd Normal Form data structure The Company is seeking to have a database that will accommodate and sustain its business operations as it continues with the expansion plan. The existing database system is restricted
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