Strategic Hospitality Management Essay Example | Topics and Well Written Essays - 750 words

Strategic Hospitality Management - Essay ExamplePlanning, leading, directing, supervising and regulation of activities related to the strategy are essential parts of strategic management process. Planning is the most principal(prenominal) phenomenon in strategic management that maintains the foremost significance in respect of presenting the outline of the strategy. Hence, selection of corporate scheme, establishment of goals and objectives, identification of strategic options, planning and allocation of resources, organizational structure and design, managing structure change, and in-depth analyses of corporate surround are included in strategic management process.Both external and internal analyses play haughty part in strategic management process. Internal influences include strengths and weakness of a firm, while external influences include opportunities a corporate firm enjoys as well as the threats and challenges it undergoes from its competitors during the exercise of its strategic scheme. every organization, whether large or small, or local or international, devises strategy keeping in view the strengths, weaknesses, opportunities and threats. For instance, the unabated popularity, wide range of consumers, universality and unique home run serve as the strength of the Coca-Cola Company (TCCC). Similarly, departure Hats work force, innovative ideas and extraordinary technical skills include among its strengths. On the other hand, wellness damages, high price and banishment of tobacco consumption include the weaknesses of international brand Marlboro. In the selfsame(prenominal) way, fulfillment of the demands of wide range of consumer in all parts of the world along with unique products, agile changes according to the latest challenges and production of new technological equipments are the opportunities before world famous brand Microsoft Corporation. In addition, ban of the products of Danish commodities in Muslim countries are the threats faced by the north European countries while entering the global markets. It is therefore