Business Health Check - Four season hotels limited
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Added on 2021-02-21
Business Health Check - Four season hotels limited
Added on 2021-02-21
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BUSINESS HEALTH CHECK
Table of Contents INTRODUCTION..........................................................................................................................4 LO1..................................................................................................................................................4 Overview of the company..........................................................................................................4 1.1 Objectives of the business....................................................................................................5 Short term objectives..................................................................................................................5 long term objectives...................................................................................................................5 1.2 factors that impact the business............................................................................................5 1.3 the potential improvements of the business..........................................................................8 LO2..................................................................................................................................................9 2.1 The effectiveness of the business..........................................................................................9 2.2 Development plan to improve the business..........................................................................9 LO3...............................................................................................................................................14 3.1 Current skills of management and staff..............................................................................14 3.2 Skills development plan for management and staff............................................................19 CONCLUSION..............................................................................................................................23 REFERENCES..............................................................................................................................25
INTRODUCTION A business heath check has been vitality of checking the key part of that process and procedures.It means asking the questions about the business and also highlighting the areas of the potential weakness and also pointing to the right direction for the relevant help and support. It is type of relatively diagnostic tools for checking the health of thebusiness.Four season hotels limited is an international luxury hospitality industry and the headquarter of the company is in Toronto, Ontario, Canada. It has been operated more than 100 hotel worldwide. It built more hotel for expanding the business in new markets(Joshi and Cheung, 2015). This report will study the overview of the company and then the long and short term objectives of the business and also the factors that has been impacted the business through the PESTLE analysis, SWOT analysis and also the porter's five force analysis of the organisation. Furthermore, this report will study the potential improvements of the business and its operations and also the effectiveness of the business where it has been studied the development plan for improving the business. Moreover, it has been described the current skills of management and staff through technical, operational and managerial skills of the organisations and also the personnel development plan of the management and staff skills(Nagaraj, 2016.). LO1 Overview of the company Four seasons hotels is an international luxury hospitality organisation and the headquarter of this is in Toronto, Canada. It was founded on march 21, 1961. It operates more than the 100 hotels worldwide. It does not own his own property because it operates it on the behalf of the real estates developers and owners. It contracts between the property owners and four seasons where it gives permission to participate in the designing of the property and also run nearly to control over the aspects of its operations. It is a private firm and also there are 112 properties in 47 countries worldwide. There are 45.000 number of employees are working with the four seasons.The total revenue of the four seasons is $4.3 billion over the year. It built more hotels the others and the developer has been approached Four seasons for building the hotel in the London and also it has been Sharpened the planned for competing with the cities old world(Osborne, 2015).
1.1 Objectives of the business There are so many objectives has been related to the hospitality business and from setting the objectives is a part of the business planning which leads to the company down ways to the success. There are some objectives of the Four seasons which helps the business in achieving the log term success; It generates maximum hotel revenues. It achieves the maximum hotel profits. It boosted the food and beverage revenues. High customer's satisfaction and loyalty. Satisfied employees. Optimising the beverage and food profits. Short term objectives The Four seasons hotel and resort has maintained the market position in the world premier luxury hospitality by rendering the satisfaction of the company and also the taste of the customers. It has been recognised as the efficiently managing the finest hotels, resorts and residence clubs in different locations in so many countriesin the upcoming 3 year of the operations(Rastogi and Trivedi, 2016.). long term objectives Four seasonshasbeen specialisedwithin the hospitalityindustry for offeringthe experiences of the exceptional qualities and quantity. 1.2 factors that impact the business. PESTEL analysis Political factor:-this factor has been related to the nature and level of the interventions of the local and national government in the business and also affect the economic environment. When the policies are change with the new government which makes the interference reading for the hotel and at that time four seasons has to prepare about that and lead to the change for the priorities of the sectors, government resources and allocation and timescale which is based on the data of the hotel and also it is very much difficult to interfere and which will the change in the allocation of the resources.
Economic factor:-the economic factor of the Four season has been related to the factors which has been involved exchange rates, customers disposable incomes, inflation rates, labour market conditions and also the interest rates, taxation rates etc. it is necessary to have the availability of the core infrastructures where it is totally based on the data which has been provided by the four season hotel. When the government has increases the investment for developing the infrastructure or facilitating and improving the environment of the business. It also increases the liberalisation of the trade policies which can help the seasons hate to the investment of the further into the regions that are the far to the off limits of the company(Fozer and et.al., 2017). Social factor:-there are different culture of each and every society where it has own way of doing the business. This factor can not only help the business but also gives the better understanding for the way of doing the business and also gives the understanding of taste and preferences of the customers. This factors have been involved the norms, societal roles, culture, gender roles and attitudes, demographics and also the different attitudes towards the products and services, where it has been acceptance of the entrepreneurial spirit and also the traditions and the leisure interest. It also includes the mitigation, power structure, societal norms and hierarchy, attitudes towards the health and safety etc. Technological factor:-it is a very fast disrupting of the various industries and operations and technology with the no difference. There are so many factors which has impacted the firm for accessing the greater information and also access the mobile phones for driving the empowerment.The technological factor has been provided the intellectual property rights and patent protections where it is necessary to have the higher safeguards of the IPR and also the other property rights then the more players which has been likely to invest into the research and development. It lowers the cost productions and also gives the maturity of the technology. Legal factor:-it has been played a critical role in the country and also the seasons of the hatemanagementwhereithasbeenconsideredthelegalfactorsbeforeenteringinthe international market of the intellectual property rights protections where the time has been taken to delivering the justice and also the time has been taken for the system of the justice and also the data protection laws, discrimination of the laws and also the copyrights laws etc(Bohari, Hin and Fuad, 2017).
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