Business Health Check Factors- Assignment
11 Pages3447 Words419 Views
Added on 2021-01-02
Business Health Check Factors- Assignment
Added on 2021-01-02
ShareRelated Documents
Business Health Check
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Analysing the business objectives....................................................................................31.2 Identifying the factors which have effect on business....................................................41.3 Determining potential improvements in business............................................................6Lo 2..................................................................................................................................................72.1 Reviewing the effectiveness of business..........................................................................72.2 Plan for improving business.............................................................................................83.1 Evaluating the skills of manager and staff in Hilton hotel...............................................93.2 Devising and justifying plans for the development of abilities for management and staff...9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness health check is defined as comprehensive evaluation of important elements inbusiness. It helps manager in identifying the areas which require improvement. Business healthcheck procedure supports management in development of plans, policies,designing of proceduresand formulation of strategies. There are different assessment tools and techniques which can beutilised by manager in an organisation for analysing the internal strength, weakness and capacityof firm. Employees in the management department required to posses specialised abilities as wellas knowledge for conducting internal assessment. The internal audit is executed timely bymanager in an enterprise which helps business entity in ensuring success.The purpose of assignment is to develop the understanding about the internal as well asexternal constituent which have effect on business in context of Hilton hotel . It also emphasizeson identifying the area of improvement and need of changes in business operations.TASK 11.1 Analysing the business objectivesThe is recognised as organisation which operates in hospitality industry. Businessentity has also gained popularity as the biggest supermarket in United Kingdom, An organisationoffers wide variety as well as range of food products or services to customers. Hilton suppliesgoods domestically . Therefore , firm has wide market share. Business entity originally caters infood but expanded scope of service to other segments such as consumer telecoms. Electronics,consumer goods, financial services etc.The Hilton hotel company has started business as self-service supermarkets. Aftergetting success in this business, an enterprise has planned to expand its business operations andscope of service (Ballings,McCullough and Bharadwaj, 2017). After few yea, the inflation inprice of the goods as well as changes in the economics condition of nation has lead to thedecrease in demand for organisation products.Business Objectives of Hilton hotel companyTo increase the sales and profitability in next four to five years.To cater the needs or demands of employees and provide them high level of satisfaction.To increase market share as well as customer baseTo achieve as well as maintain leading position in an industry.
`In addition to above purpose , Hilton hotel organisation also aims to provide customerswith outstanding services as well as good quality of products at reasonable price. The anotherpurpose of business entity is to deliver high value as well as satisfaction to clients. Anotherobjective of Hilton hotel enterprise is to deliver high value to customers and provide them allservices or goods under one roof. Management team in Hilton hotel company is taking highinitiative to provide shoppers an environment that is easy and pleasant. Business entity wants tobecome the most highly valuable organisation among the customers (Lange, 2018). In addition tothis objective of Hilton hotel organisation is to gain the lifetime loyalty of the customers. Manager in an organisation has utilised the different objectives for accomplishingbusiness objectives. The two approaches which are adopted by the manager in Hilton hotelorganisation are proactive and reactive approaches. Management in an organisation in orderedto achieve different business objectives are requited to develop as well as maintain theirconcentration on improving as well as maintaining the quality of products. Manager in Hiltonhotel should formulate effective policies as well as strategies. 1.2 Identifying the factors which have effect on businessThe swot analysis is considered to be as suitable tool which can be utilised by manager inan enterprise for analysing the internal strength , weakness of firm. It can also be utilised bymanagement for analysing the factors or constituents which might have effect on the businessoperations or performance.Strength: An organisation offers wide range aswell as variety of products.High market sharegood brand imagehighly skilled and talented workforce.Hilton hotel has domestic presencewhich has supported firm in increasingthe profitability and sales.Business entity utilised the advancetechnology.Innovation skillsWeakness:Low competitive strength.Few subsidiaries of Hilton hotel are notoperating and business is highlyinfluenced by the changes in macroenvironmental factors.Company is largely depended on themarket in United kingdom for earningprofit as well as revenue.Ineffective or inappropriate marketingstrategy.
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Assignment on Business Health Checklg...
|21
|6314
|21
Business Health Check - Hilton Hotel Assignmentlg...
|21
|6028
|42
Swot and Pestel Analysis of Hilton Hotellg...
|17
|5903
|94
Project Report on Business Environmental Factors : Hilton Hotelslg...
|13
|4164
|49
(Solved) Business Health Check– Assignmentlg...
|17
|6029
|26
Research Project Description Formulation and Recording a Research Project Outline Specificationlg...
|18
|3972
|197