Business Health Check - Marriott International
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Added on 2021-01-02
Business Health Check - Marriott International
Added on 2021-01-02
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BUSINESS HEALTHCHECK
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................11.1 Objectives of the business.....................................................................................................11.2 Factors that impact on business.............................................................................................21.3 Potential improvements to the business organisation...........................................................5TASK 2............................................................................................................................................52.1 Review the effectiveness of the business..............................................................................52.2 Develop plans to improve the business, justifying their value..............................................6TASK 3............................................................................................................................................73.1 Evaluate the current skills of management and staff............................................................73.2 Devise and justify plans for the development of skills for management and staff...............8CONCLUSION .............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTION Business health check is referred to overall assessment and evaluation of all criticalelements related to business (Simoneaux, and Stroud, 2011). This health check of businessdetermines how healthy the organisation is and will also reflect the need of any improvement orchange to the business. Marriott International is one of the leading and well reputed hotel chainwhich has been undertaken in this report. This hospitality institution is operating in more than127 countries and territories all round the world. It is headquartered in Maryland in Washington,D.C. This report will cover several objectives, factors that impact business, potentialimprovement to the organisation. It will also enlighten effectiveness and development of plans toimprove business. In addition to that, evaluation of current skill and plan for skill developmentfor management and staff is also covered. TASK 11.1 Objectives of the business.Marriott International was founded in 1927 and is headquartered in Washington, D.C. Itwas founded by John Willard Marriott. Marriott International was formed in 1933 when MarriottCorporation was split into two companies and that is Marriott International and Host MarriottCorporation. Marriott was the first one to open online reservation of hotel room for people in1995. Following are some objective and goals made by Marriott International:Marriott International 2020 Growth Vision in Europe Post Starwood Acquisition:Hotel is planning to increase their size of their portfolio in Europe across all segments ofindustry. This was their first development vision announced for Europe after the acquisition ofStarwood Hotels and Resorts in September 2016 (Marriott International Announces 2020Growth Vision in Europe Post Starwood Acquisition. 2018.). Marriott are opening the largest andmost diverse portfolio of hotels in the luxury and all other segments in Europe and are planningto expand this lead through accelerated growth of some of the iconic brands, such as The LuxuryCollection, Marriott Hotel and Sheraton, etc. They have planned this long term goals andworking towards its accomplishment.Growth plan for opening new hotels across the world: Marriott are planning to expandtheir hotel chain by opening new hotels with a total of 235,000 to 300,000 rooms is a short term1
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