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Business Health Check
TABLE OF CONTENT INTRODUCTION...........................................................................................................................2 MAIN BODY...................................................................................................................................2 LO1..................................................................................................................................................2 AC 1.1 Analysing the business objectives of the Marriott hotel operating in UK......................2 AC 1.2 Identification and explanation of the factors that effects the operation of the Marriott Hotel............................................................................................................................................3 LO2..................................................................................................................................................6 2.1 Review the effectiveness of business....................................................................................6 2.2 Development plan to improve the business.........................................................................7 LO 3...............................................................................................................................................13 AC 1.3 Identification of the potential aspects of the growth form Marriott hotel...................13 LO3................................................................................................................................................14 AC 3.1 Evaluation of the skill possessed by the management and staff of Marriott at current times..........................................................................................................................................14 AC 3.2Providing justification for the plans regarding development of skill for management and staff.....................................................................................................................................15 CONCLUSIONS............................................................................................................................16 RECOMMENDATIONS...............................................................................................................16
INTRODUCTION Business health check wider means to analyse the various factors which bringing changes in their working and also determine their strength and weakness at certain levels. Every business working are different, some prepare plane to retain for longer growth and some makes plane to maintain their brand image and then expand their business to maintain their reputation and name in the market (Botha, Grobler and Eloff, 2017).The owner of business makes various polices to retain the interest of customers and employees for longer term but as when they had some strength it also comes up with the weakness. Present report is based on Marriott Hotel which was founded by Alice Marriott and J. Willard Marriott in 1927. It is considered to be one of the largest hotels chain as comparison to other hotels, and they expanded their business through 703 properties in 131 countries. Marriott Hotel maintaining certain plans and procedure regarding achieving their long term and short term goals. Report will includes The factors which related to focus on business and also caused impact to achieve business objective. It also includes other business plans to improve the condition and are effective to achieve goals and targets. Lastly the report end up with the current skills for the development of management and staff and in better manner. MAIN BODY LO1 AC 1.1 Analysing the business objectives of the Marriott hotel operating in UK The Marriott hotel was found in 1927, in the US and its Currently operating at 7003 locations till 31st March 2019. The hotel has a chain which is operating at international level and have its operation in UK as well.Marriott have products as hotel and resorts where it provides the services of r stay, foods, beverages and others recreational facilities to its guest. The revenues of hotel for year ended 2018 was $20.75 million and is one of the leading hotel chain in the world.The Marriott group is very large and its has numbers of hotels and resorts in it and it s operating at international level. The hotel has certain core values, long terms and short term objective with it set to be achieved in a particular region. For the Hotel operating in the UK and the over all group the objectives to be achieved by the organisation is divided into tow broad
sections that is long term and short term objectives of Marriott which are required to be achieved to reach to the heights of success and ensure the long term survival of the hotel.
Long term Objective of Marriott: The long term objective of Marriott hotel can be outlined as having a cultural consistency with global operations and giving its associated opportunities to grow and success and this is termed as DNA of the company. The business have also a goals of "good food and good services at a fair prices" and the organisation try to achieve it on a day to day basis. Short term objective of Marriott: The short term objective of the Marriott includes the shaping the modern hospitality industry. The business is driven to continually challenges the status quo and anticipated the changing need of its consumers with the new brand and new global locations with providing guest a newer experiences. AC 1.2 Identification and explanation of the factors that effects the operation of the Marriott Hotel The factors which have impact on the operations of the Marriott are internal and external as well. These internal and external factors includes various factors which have a direct or indirect effect on operating the of the hotel (Lehr, 2015).In this regard the SWOT, Pestle and porter's five force analysis with context of Marriott hotel is conducted to identify the factors effecting it: PESTLE Analysis: Political: Political factors plays a vital role in long term profitability and stability the operations of Marriott hotel in a nation. As Marriott operates in more than a dozen of nations it is exposed to different type of political environment. The factors that effects the operation of the Marriott regarding the political environment of a nation includes political instability, level of corruption, bureaucracy and interference in lodging industry by the government the protection related with intellectual property. The governance system is one of the factor that can effect the operation of Marriott as the industry is facing challenges and the organisation is keeping a close eye on changing policies. Economical:
The government intervention in the finance and accounting sectors have a direct impact on the fortunes of Marriott. The volatile foreign exchange rate impact the investment plans of the Marriott not only in the short but long term as well.Another economic factor having effect on Marriott is the pressure on the consumer spending which is falling with time. There is lesser change in the consumer disposable income but with the growth of income inequalities in the society have created a negative impact on consumers and this have reduced their spending power (Dung and Mohan, 2016). With reduced sending power the effect is seen on the income generation of the Marriott and people spends less on the lodging and recreational activities which directly effect the profits and income of Marriott. Social: The society and culture in which Marriott operates provide a better understanding to the organisation over consumer preferences in the markets they operated. For each there is a different culture and it includes various factors such ad services, health ad safety norms, attitude acceptanceof organisationalvalues,societalrolesandnorms,traditionsandothers.The organisation has along term objective of giving preference to each nation's culture in which it operates and this directly effects the policies and strategies made by it, in order to enhance the costumer satisfaction. Technological: The technological changes are related with the Chagas in techniques used in organisation. For Marriott it incudes maturity of the technology where the business have researched to the ascent stage and the most of the player in this industry are vying for newer technologies, this effects the market share grabbed by Marriott.With adoption of the new technologies Marriott lowers it cost of production in the finance and accounting sector. This also assist the organisation in restructuring its supply chain to bring in more flexibility to meet both consumer needs and cost structure. With this application are being developed for online booking of rooms and tables at hotel as this is in demand and this lead the organisation adopt the newer technology to enhance costumer satisfaction. Legal: The legal factors that effect the operation of Marriott are many and the Major one are, waste management policies, environmental norms, complying with food and health safety,
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