Management and Accounting of Blue Harbour ltd : Report

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Added on 2020-06-06

Management and Accounting of Blue Harbour ltd : Report

Added on 2020-06-06

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MANAGEMENT AND ACCOUTING

Management and Accounting of Blue Harbour ltd : Report_1

1Table of contentsIntroduction......................................................................................................................................2Planning process..............................................................................................................................2Decision making..............................................................................................................................3Controlling process..........................................................................................................................3Conclusion.......................................................................................................................................3References........................................................................................................................................5

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2IntroductionThe study is mainly based on the requirements of the Blue Harbour ltd’s business activities situated in the South West of England. The study includes the observation and analysis of the given information about the business activities and decisions. The study is to be made according to the given information in order to develop the concepts to perform the organisationalactivities and decision-making process smoothly. The tasks demonstrate that the firm has been facing financial and business losses during the winter sessions. Thus in order to overcome the losses the firm decided to develop several options in order to gain the financial revenues during the winter session. The study it be don considering the related facts about the development options and facts. Planning processThe planning process considers the facts that will be utilised in order to establish the decisions regarding to the revenue generation process during the winter sessions. It is to be mentioned that the firm must obtain the information regarding the costs that will be incurred during the developments of the processes (Lusch & Vargo, 2014). It is observed that the firm wants to reduce the hire-prices for the rooms during the winter session in order to attract the tourist families. The process will be reducing their revenues as the fixed costs of firms’ remains the same during the year at any session. However, the variable costs can be altered during the winter session in accordance to the adjustments required for attaining the families during the winter session. It is also to be mentioned that the hotel managements and authorities wants to develop the organisation's image as a family holidaymakers thus the firm should carry on the option, as the tourists will visit the spots more often than the business entities. Thus, the firm willobtain a certain amount revenues by adjusting their variable costs during the time being (Armstrong, Adam, Denize & Kotler, 2014).The firm also thought of an alternative process for developing their financial condition during thewinter sessions. The firm wants to develop their dining facilities and area for the attaining business conferences and meetings during the winter sessions. The facilities is to be developed between the time breakfast and dinner. Thus, it can be stated that the firm can attain the facilities by increasing their variable costs during the time being. It will be also essential to develop the conceptions regarding to their incursion of costs during the development programme. The costs

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Management and Accounting of Blue Harbour ltd : Report