Business and Business Environment - Marrlott Hotel
Added on -2020-07-23
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Business and Business Environment
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1Explainingthevarioustypesoforganisationpublic,privateandvoluntarysectors difference between them, different legal structures and stakeholders....................................1 P2 Explaining the vision, mission and business objective of the organisation......................3 P3.....................................................................................................................................................5 Different function within the Marriott Hotel..........................................................................5 Relationship of functions of organisation with Mission and Vision of Marriott Group........7 Organisational Structure of chosen companies.....................................................................7 P4.....................................................................................................................................................8 P4 Identification of both positive and negative impacts of macro environment upon business operations...............................................................................................................................8 P5...................................................................................................................................................11 SWOT ANALYSIS of Marrlott Hotel.....................................................................................11 P6 Explain how strengths and weaknesses interrelate with external macro factors.............13 CONCLUSION.............................................................................................................................14 REFERENCES..............................................................................................................................15
INTRODUCTION For the development of the society and the nation organisations play a vital role by providing revenue and sustainable growth to the country. All the type of company whetherprivate,publicandvoluntaryoperatingintheeconomyarehelpingthe government in earning the revenue in form of taxes and other things. Stakeholders are the people who mainly have the interest in the organisation or its profits they include governments, suppliers, customers, employees, banking institutions and society. SWOT and PESTLE analysis are done to take out the factors whether micro or macro which are affecting the organisation in its growth and development. SWOT analysis make out the strengths, weaknesses, opportunities and threats to the organisation which are affecting the company as a whole. PESTLE analysis are all the external factors affecting the organisation like political, economical, social, technological, legal and environmental which affect the company. TASK 1 P1 Explaining the various types of organisation public, private and voluntary sectors difference between them, different legal structures and stakeholders. There are different types of organisation operating in the country some for profit, some not for profit and while others for social motive or nations welfare to increase the employment level in the economy (Barkemeyer, and Tsang, 2014). The organisation work in the society to earn the profits or just to develop the country or to expand their own business. The various types of organisations are public, private and voluntary sector organisation they all have different purpose and mission to be in the society and also they have their own legal structures. They all can be small, medium and large in size according to the number of employee working in the company or the operation level. All the type of organisation are having their stakeholders who generally have the interest and expectation with the company. 1
Public sector-this is that type of organisational sector which is under the direct control of government of that country in which it is established. Public sector is generally working to develop the country or for increasing the employment level in the country. The main scope of public sector company is providing a large work force to the company like in Marriott Hotel & Resorts is an international hotel brand. It is operating on a worldwide level with around 500+ hotels in the world and thus the scope of Marriott Hotel & Resorts is very wide as is a large brand. Marriott Hotel & Resorts is a hospitality based company and is owned, managed and franchised by a broad portfolio of hotels and shareholders from which 25% is owned by the Marriott family and is about 90 years old hotel brand (Bøllingtoft, 2012). Marriott Hotel & Resorts is a hotel chain industry which is serving food which is completely free of trans fats in almost all the hotels in the world. The stakeholdersareitsemployeesworkingworldwide,thegovernmentsofall countriesofworld,suppliersofallfoodstaffandhospitalityindustry,the shareholders of the company and mainly the customers of hotel brand. Private sector-is that type of organisation which is mainly operated by a single or group of individuals who are working to earn profit from that business. Hilton hotels & resort is a kind of private sector hotel brand which is operating on a global level with about 570+ hotels worldwide. The company was founded by Conrad Hilton about 98 years agoand is now a flagship brand of Hilton. All the properties of Hilton hotels & resort are owned or franchised by autonomous operators of Hilton only (Cheng and Yeung, 2012). The scope is very wide as is operating on a worldwide level in around 85 countries of 6 continents as on 2017. The stakeholders are the people who have their interest in the business or profits of the company like the customers who are visiting or who have been served, the peopleoremployeeworkinginthehotels,suppliersoftheproductsand governments of different countries in which the Hilton hotels & resort are operating in. 2
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