Category: Management

 Explain how your chosen company’s resources and capabilities give it a competitive edge over rivals (pages 96–112 in your textbook).

Using Analytic Tools for Strategic Decision-Making

Explain the components of a single-business company’s strategy (pages 88–89 in your textbook).

Identify three key financial ratios. Explain why they are strategically important and how your chosen company can use them to analyze its current situation for strategic planning purposes (pages 89–91 in your textbook).

Explain the value of conducting a SWOT analysis to a company (pages 91–92 in your textbook).

Determine the company’s strengths and weaknesses in relation to the market opportunities and threats (pages 91–95 in your textbook).

Explain how the results of a SWOT analysis can be turned into strategic actions (page 95 in your textbook).

Explain how value chain activities impact a company’s cost structure and customer value proposition (pages 102–112 in your textbook).

Explain how your chosen company’s resources and capabilities give it a competitive edge over rivals (pages 96–112 in your textbook).

Explain what strategic issues and problems merit front-burner managerial attention for your chosen company (page 115 in your textbook).

What sampling strategy should the retailer adopt and how can the data be analysed?How do we define ‘research’ and how has research been affected by the COVID-19 pandemic?

 

Qualitative research

QUESTION ONE

list, but they are unsure whether the survey should be conducted by post or online.

With reference to the example, do you think the survey is the most appropriate data collection method and should it be administered by post or online? Your answer should include the benefits and limitations of using this method.

What sampling strategy should the retailer adopt and how can the data be analysed?(50 Marks)

How do we define ‘research’ and how has research been affected by the COVID-19 pandemic?

In your answer you should consider the practical and ethical aspects related to designing a research project during the pandemic and highlight any challenges and benefits this may pose for the researcher.
(50 Marks)

 Critically reflect on research practice and intellectual argument particularly in the context of contemporary debates in management or business.

Factors affecting willingness to adopt newer technologies

Analyse, and interpret data and information to support decision making, in accordance with sound principles of research and investigation including ethics.

Critically reflect on research practice and intellectual argument particularly in the context of contemporary debates in management or business.

Synthesise and critically evaluate different sources of knowledge in order to articulate logical and cogent argumentation.

What are the main barriers that prevent an organization from taking a more strategic approach to HR? Why do they exist, and how can they be overcome?

Approaches & Role of Human Resource Management

Compare and contrast traditional and strategic HR. In what types of organizations might traditional HR still be appropriate?

What are the main barriers that prevent an organization from taking a more strategic approach to HR? Why do they exist, and how can they be overcome?

What is the role of HR in your current organization? What could it be? What should it be? Why does HR assume the role that it does?

Identify three key risks that could impact on business outcomes. Justify and support your choice of risks by reference to the literature.

Risk Management

Identify three key risks that could impact on business outcomes. Justify and support your choice of risks by reference to the literature. For each risk:

Build up the relevant risk specifications (see that attached template as a reminder of the field included in this) For each risk

Justify your choice of impact and probability ratings.

Explore the potential mitigation and contingency plans and consider the budgetary implications of these plans.

What problems arose during the project and how were they resolved? Could they have been handled any differently? (What does the literature on problem solving say?)

Management consultancy

How was the group formed and organised; (Can you apply Tuckman’s model to your experience?) Teamwork

Was there any evolution of roles within the group as the task progressed, and if so, why were they needed? (Could you apply a leadership theory to understand this?) was the leader of the team and am an introvert.

How were relationships/ conflicts within the group handled, any issues here? (Could you apply the Thomas-Kilmann strategies to help broaden your understanding?)

What problems arose during the project and how were they resolved? Could they have been handled any differently? (What does the literature on problem solving say?)

What have you learned from this process? Have any development needs been identified? Would you do anything differently next time, and why?• Has an appropriate reflective model (Gibb’s) been used correctly and effectively?

Have theoretical concepts and frameworks (literature) been applied in the reflective analysis?

Has the analysis resulted in suitable developmental actions? (Action plan)
Is the report well structured, of appropriate length, free from spelling and grammatical errors, and including a bibliography?

What are some of the guidelines we can follow for measurement and evaluation? Provide illustrative examples from venue-related management contracts, e.g. contract catering, to underpin your answer.

Business, Hospitality and Events

The 200-room Hotel PoshPlace is soon to open in Perth, Australia. It is
projected that the hotel will be financed with a loan of $6,000,000 at 12 per cent annual interest, and the owners will invest $2,000,000. The owners will be seeking a 15 per cent annual return on their investment. The hotel will be open 365 days per year, and it is expected that it will achieve a 70 per cent average occupancy. Hotel profits will be taxed at the rate of 40 per cent.
Hotel fixed costs are expected to be:
Insurance $180,000
Depreciation $200,000
Administration $150,000
Information Systems $100,000
Human Resources $ 50,000
Marketing Expenses $140,000
Property Maintenance $200,000

Calculate the minimum average room rate that PoshPlace will need to charge in order to provide the hotel’s owners with the 15 per cent return on their investments that they are seeking. For full marks, you must show your workings

The Intercontinental London has a total of 250 rooms. The budgeted occupancy for the month of March 2022 was 80% and the actual occupancy was 92%.

The actual labour expense of £49 569 exceeded the budget by £10509, and the budgeted room attendant hours of 3100 increased to 3813. Simone Smith, the executive housekeeper, has difficulty in reporting on the total labour variance of £10509 for the month of March 2022.

Can you assist Simone in calculating the labour volume, efficiency and
compound variances that resulted in the total labour variance of £10509?
For full marks, you must show your workings out, not just the end answer.

Given your calculations, can you interpret and explain the likely
circumstances that led to the total labour variance experienced by Simone?

How does the consideration of core and non-core activities matter in decision- making in companies about outsourcing? Consider the possible implications for venues where commercial events teams generate secondary revenues streams (are part of non-core activities), e.g., Academic Venues, Unusual Venues.

While one of the true benefits of outsourcing is the transfer of responsibility to an outside expert who is well equipped to handle the task, clients must put systems in place to ensure their own satisfaction with the service (contract management).

What are some of the guidelines we can follow for measurement and evaluation? Provide illustrative examples from venue-related management contracts, e.g. contract catering, to underpin your answer.

Characterise and explain the difference between cost orientation and market orientation in food and beverage operations. Use illustrative examples of each type of food and beverage operation.