Table of Contents INTRODUCTION..........................................................................................................................3 LO 1.................................................................................................................................................3 1.1 Analysing the purpose of business........................................................................................3 1.2 Various factors that have impact on the business.................................................................4 1.3 Determining potential improvement in business operations.................................................7 LO 2.................................................................................................................................................9 2.1 Reviewing the effectiveness of business...............................................................................9 2.2 Formulating a plan to improve the business.......................................................................11 LO 3...............................................................................................................................................12 3.1 Evaluating the present abilities of management as well as staff........................................12 3.2 Creating as well as justifying plan for development of new abilities in staff and management..............................................................................................................................16 CONCLUSION.............................................................................................................................18 REFERENCES..............................................................................................................................19
INTRODUCTION Business health check can basically define as the activity which includes measuring an effectiveness of the various business activities performed by firm. It is the procedure which helps management in addressing those business functions or areas which require improvement. Business health check can consider as evaluation of important elements of business.The main benefit of business health check is that it provides management an ease in maintaining their concentration on business. Business health check is basically a type of diagnostic assessment of an enterprise. It is the procedure which assist management in analysing the internal strength and weakness of organization. The study emphasizes on addressing those variables which have significant effect on business in context of Marriott hotel. It is basically a Multinational organization operating business in hospitality sector. Report will include the internal as well as external analysis of an organization. The business is or functions which requires improvement will be highlighted. LO 1 1.1 Analysing the purpose of business Marriott hotel is basically a global company which is operating business in hospitality sector. Business entity offers accommodation as well as lodging facilities. Marriott is among one of the leading organizations in hospitality industry. An enterprise has 30 brands and branches in more than 130 countries. The mission of an enterprise to provide customers with quality services and good experience. Vision of Marriott hotel is to become one of the premium service provider as well as facilitator of leisure and holiday experience globally. Objective of an enterprise is to assist customers in improving their lives as well as providing guest with good leisure experience. Presently, Marriott is among the leading stagnation in hospitality industry.An organization has achieved the 33 rank among the 100 best companies to work. Business entity operates approx thirty-two brands at international level (Ketata,Sofka and Grimpe, 2015). Employees in Marriott hotel mainly emphasizes on providing the premium quality as well as quick services to customers. As an organization in delivering quality services to their clients, they have been successful in gaining the customer loyalty. In addition to this, an enterprise also emphasizes on delivering high level of comfort to their guests.
Marriott hotel is also concentrating on providing the high value proposition to their guests by offering them good quality of products or services at reasonable price. Workers and management in an enterprise is taking combine efforts for maintaining the balance between value and quality in order to improve the guest experience. The medium-term objectives of Marriott hotel is to develop the customer service skills in their employees. An organization has set such objectives so that they could provide such professional services to customers (Khan, Alam and Alam, 2015.). An enterprise has made plan to concentrate on training and development of its workers so that their employees can develop or improve their capabilities as well as knowledge. Human resource manager in Marriott hotel is plan to organize training and development program for employees on quarterly basis. Short term objectives of Marriott hotel is to increase their sales and profitability. In addition to this, business entity intends to increase its market share. Marriott hotel in order to accomplish the set short term organizational objectives has plan to conduct the marketing campaign. Businessentity hasdecided to increase itsinvestment in the development of multichannel distribution channels. Long term target of Marriott hotel is to maintain its long-term sustainability in highly competitive business environment. In addition to this, business entity also intends to maintain its leading position in an industry. The other long-term objective of the Marriott hotel is to enhance the quality service. 1.2 Various factors that have impact on the business There are various factors that affect negatively or positively to the products and services, operations and overall organisation, including internal and external factors. PESTLE Analysis Political factor:Marriott Hotel operates at global level thus, political stability is the foremost need for the success as it directly influences the number of tourists, visitors (Banks and et. al., 2017). Along with it, sudden enhance in tax rates influence the political stability that directly affect the accommodation services. Economic factor:This factor have an intense influence on luxurious hotel like Marriott International. Fluctuation in currency affect the income of population that drive down or up the sales of services that create a challenge for Marriott International to manage their
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prices. To overcome the situation, Marriott International develop services with moderate price range that attract wide consumers. Socio-cultural factor:Culture and attitude of society and people have directly impact on the operations. People prefer such hotels for their corporate meetings, refreshment trips or casual outings (Carraher, 2018). This brings an advantage for the hotel to meet the satisfaction of the guests. Apart from that, price range can be negative point for the Marriott International. Technologicalfactor:Thisfactorhavepositiveeffectonthehotelasitbrings opportunity to expand the services under more technological advancement. The hotel offersdigitalcheck-inandoutfacilities,onlinebookingandcollectingfurther information, etc. Environmentalfactor:AsMarriottInternationalruntheirbusinessinhospitality industry it is essential for them to follow ethical and sustainability act that lead company effectively towards responsible organisation in the society. Apart from that, it also includes sudden climate change, flood, increase in pollution that affect the consumer behaviour towards the company (Madar, 2017). Legal factors:Marriott International is responsible to follow all the laws and legislation developed by the country regarding employees, environment, taxes, etc. This make positive impact on the brand image and enhance the goodwill. Other than that, the company strictly implemented all the necessary laws in the industry that ensure that they are treating the employees fair and operating the business as per the government regulations. SWOT analysis Strength 1.1.Proactive and innovative-Proactive and innovative-The hotel is one of the most innovative hotels ranked as per Forbes. Marriott International is centred on innovation (Mak and Chang, 2019). Their strength is that they stay proactive and innovative and attempt various way to find how they can enhance consumer experience. 2.Top position in competitive landscape-Top position in competitive landscape-It is the largest hospitality industry across the world in terms of value sales worldwide. Marriott International has the largest number of rooms at global level. The company have strength of taking advantage of growing
demand of luxury accommodation with overall capacity of 117000 rooms. Along with it, it has 8.4% of market share worldwide. Weakness 1.1.Lack of low cost lifestyle brand-Lack of low cost lifestyle brand-This is the biggest weakness of Marriott International that they do not have a low-cost lifestyle brand in their products and services portfolio (Page, 2015). 2.High attrition ratein employees-High attrition ratein employees-It hasbeen analysed that, in compareto other organisation, Marriott International has high attrition rate as they spend a lot on training and development of the staff. Opportunities 1.1.Lower Inflation rate-Lower Inflation rate-Low inflation rate in UK brings more stability in the UK market that enable credit at lower interest rate to the consumers of the hotel. This is a great opportunity for the company to expand their products and services and try to operate in new marketplace. 2.New Technology-New Technology-New technologies give an opportunity to the business to practices differentiated their strategy of pricing in the new market. This also enable company to maintain loyal guests by providing great services (Page, 2015). Various technologies in the industry help the company to beat the competition and attract consumers. Threats 1.1.Intensecompetition-Intensecompetition-thereisastrongcompetitionofHiltonHotelforMarriott International. The competition in the marketplace enhance by stable profitability in the industry that put pressure on the profitability of Marriott International and on the overall sales (Mak and Chang, 2019). 2.Currency fluctuation-Currency fluctuation-as the hotel operates in various countries and exposed to fluctuation in currency in number of markets appears as a threat for the hotel that affect the consumer behaviour and sales of the company. This also affect the regular operation in the industry and technological implementation. Porter's five forces Bargaining power of buyers-Bargaining power of buyers-The bargaining power of Marriott International is high as the hotel is based on luxury services and have high competition that means the consumer base is also high (Madar, 2017). As the bargaining power of the consumers is high they
try to drive price down of the products and services and limits the potential of Marriott International to gain sustainable profit. Bargaining power ofBargaining power ofsupplier-supplier-The bargaining power of supplier is low as the hotel is greatly depends on the booking agencies and online travel agents. Thus, the supplier power does not influence competitiveness. Company provides quality products to the consumers and require high quality supplier for the company that limits the function and power of the suppliers. Threat of substitute products-Threat of substitute products-There are some substitutes for the hotel but they are not able to provide same services as Marriott provide to the consumers so the threat is on average level (Carraher, 2018). Although the substitute product threat is on average level, company is required to continuously invest into R&D to overcome the issue. Threat of new entrants-Threat of new entrants-The threat of new entrants is low due to huge capital investment andeconomiesofscaleaswellashighoperatingcost.Alongwithit,Marriott International build a strong image in the marketplace and it is difficult for the new competition to break this. Competitive rivalry-Competitive rivalry-Marriott International faces high competition that put pressure on the company to lowering or enhancing their price and also affect the profitability of the industry.IntensecompetitionmakesdifficultforMarriottInternationaltoearn sustainable profit (Banks and et. al., 2017). 1.3 Determining potential improvement in business operations Marriott hotel is performing well in the market, but still there is much scope of improvement in b business operations. As purpose of an enterprise is to increase sales and profitability, an enterprise needs to concentrate on bringing improvement in its marketing activities. Manager in an organization can utilize Ansoff growth Matrix as it will help them in determining the alternatives options which can be utilized for enhancing the business operations. In addition to this, management in firm is required to concentrate on development of their employees which is very much essential for deriving company towards accomplishment of desired organizational goals. An enterprise needs to provide special training to the employees those who are responsible for performing marketing functions for an enterprise. Manager in an enterprise need to conduct the depth analysis, and they also should develop the understanding about the behaviour of the target customer group before development of marketing plan. The
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management in Marriott hotel can use the Ansoff matrix as it will assist them in developing the understanding about the various types of risk associated with the different strategic options.In context of marketing the different options of bringing improvement in particular functions are: Market penetration: It is the strategy according to which Marriott hotel can sell it existing products or services in which an enterprise is already selling its goods. Marriott hotel in order to attract the customers and influence people need to reduce the prices of their goods or services. In addition to this, business entity also needs to bring improvement in their distribution network. An organization is required to make more investment on promotional activities. Management can concentrate on increasing as well as improving productivity (Bohari, Hin and Fuad, 2017.). An organization need to take high initiative for maximizing utilization of its distribution network. Business entity can enter into contract with restaurants, bars, supermarkets etc. Market development:Marriott hotel for accomplishing its desired business objectives can sell its existing products into new market. It is the promotional strategy which is related to approaching to new customer segment. Market development strategy will assist organization in achieving the objective of increasing the customer base as well as market share. Marriott hotel can expand its business in developed nation. As it is the strategy which will help an enterprise in fostering market growth. Product development:By utilizing this strategy, Marriott hotel can sell innovative products to existing market, as this tactic will help an enterprise in increasing sales and profitability. Market diversification: In relation to Marriott hotel, an enterprise can sell its innovative goods in the new market (Rubensand et.al.,2018.). There are two types of diversification for which an organization can opt for these are related and unrelated. In context of related diversification, Marriott hotel can enter into new market with innovative item which is somewhat matches with the existing goods offered. Unrelated diversification strategy is related to selling the completely innovative good in new market. In addition to the above strategies, Marriott hotel can outsource some of its non-core business activities, as it is the strategy which will help an organization in bringing successful improvement in important business functions.
In context of Marriott hotel, an organization can select the market diversification strategy. The particular strategy has been suggested, as it is easy to be implemented. In addition to this, market diversification strategy will help an enterprise in increasing the customer base which is very much essential for fostering business growth. Market diversification can be considered to be as riskiest strategy but still can assist Marriott hotel in rebuilding or enhancing its image in the market. In addition to this, by implementing the market diversification strategy, an enterprise will able to earn high profit (Shaw, 2016). Marriott hotel can have broad product portfolio, as it will help them in minimizing the chances of risks. LO 2 2.1 Reviewing the effectiveness of business Business effectiveness is basically a concept which is related to the way particular organization has been successful in accomplishing desired objectives. It can also be referred to as quality of outcomes which has been generated after the completion of particular activity by Illustration1: Ansoff Matrix (Source:Ansoff Matrix:How to Grow Your Business?, 2017)
manager as well as employees in an organization. In context ofMarriott hotel, an enterprise providesmorecustomizedoptionstocustomers.MarketingactivitiesofMarriotthotel considered to be as effective, as it has assisted an enterprise in increasing sales as well as profitability. The marketing campaign organized by an organization is effective as it has proven to be beneficial in terms of generation of brand awareness (Adams,Akyol and Verwijmeren, 2018).Marriotthotelhasimplementedaneffectivemarketingstrategy,forinstance,the promotional strategy is developed by marketing manager in Marriott hotel considering in mind the behaviour of target customer group. Overall, Marriott hotel is performing good and promotional activities of firm is highly effective, as it has provided an organization an ease in accomplishing desired objectives. Marriott hotel provide wide varieties as well as high quality of products or services to customers such accommodation, food and lodging facilities. An organization has adopted the customer centric approach for developing goods or services which has enables an enterprise in delivering the high level of satisfaction to customers. Business entity utilizes various marketing channel such as media, TV, radio for promoting goods or services (Tasker, 2015). In context of Marriott hotel, the staffing practices of human resource management in an organization includes workforce planning as well as recruitment. Human resource management in an enterprise provides employees with competitive salary packages and other non-financial incentive that has assisted an enterprise in attracting a greater number of customers. Hospitality sector is the most growing sector that makes the effective working process and also helps to build up the managing challenging task (Ling, Liu and Wu, 2017). Hotel represents the image that define the work opportunity or growth in the business context. However, hospitality sector also influenced by the labour market that is available to it and make the business more educational and leading. Another effectiveness of the hospitality sector is to giving managerial and effective work performance. Training and development are the most crucial concept in hospitality sector that define the importance of employees and their effectiveness of the business objectives. Apart from that, Hospitality sector also influenced by the organisation performance and also contribute in the sustainability development of environment by implying in the green projects. However, Marriott is the leading hospitality chain that motivates the environment more effectively and energetic in
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terms of effective management (Ling and Wu, 2017). Another effective performance they perform that is trained their employees in the best possible manner. 2.2 Formulating a plan to improve the business. It is the necessary to improve the business through formulating the plan which involves marketing planning, sales and productivity, financial management system, staff and management roles and responsibilities as well as planning performance monitoring within the business. Marketing Planning:It is necessary to promote the goods and services within the market. Therefore, marketing planning is very essential part of business plan which document that highlight marketing approaches and methods for upcoming year or month. It involves mission and vision, marketing objective, strategy and description of current marketing position of Marriott hotel in hospitality industry (Al-Mashari and Al-Mosheleh, 2015). Marketing planning is procedure of conducting and determining objective of marketing of the firm and collecting approaches and tactics to accomplish them. This can aid to increase the consumer satisfaction and sales of the business. Also, this can assist to enhance productivity and brand image of the hotel in the hospitality industry. Financial Management System:It is the necessary to manage the financial resources for improving business. It is the method and software which company like Marriott hotel utilize to oversee and govern their income, expenditure and assets with the aims of increasing profitability and assuring sustainability. There are some characteristics of effective financial management system involves keeping all payments and receivable transparent, track of liabilities, balancing multiple bank accounts and reducing overall paper activities (Brinckmann and et.al., 2019). Also, Marriott hotel need to formulate and effective budget for marketing of products and services, giving salary and wages to employees in the workplace. This can aid to increase the consumer satisfaction and sales of the business. Also, this can assist to enhance productivity and brand image of the hotel in the hospitality industry. Management of staff:It is the very essential part of business in which managing appropriate and effective employees or staff within the business. For that, Marriott hotel will make efforts to recruit and select the skilled and qualified employees for effective working in the firm. Also, they make efforts to assign the roles and responsibilities according to candidate's qualification and experience in the workplace (Nofal and Yusof, 2016). With this, worker highly contribute in all the business activities like marketing, sales, managing financial resources and
improving the business performance in the hospitality industry. This can aid to increase the consumer satisfaction and sales of the business. Also, this can assist to enhance productivity and brand image of the hotel in the hospitality industry. Performance monitoring:It is the very important to monitor the performance of all employees and resources by which Marriott hotel's owner needs to monitor execution of workers on the daily basis. With this, employees highly contributed and worked in different activities of businesses such as marketing, sales, managing financial resources and improving the business performance (Al-Mashari and Al-Mosheleh, 2015). This can aid to increase the consumer satisfaction and sales of the business. Also, this can assist to enhance productivity and brand image of the hotel in the hospitality industry. LO 3 3.1 Evaluating the present abilities of management as well as staff. Technical:Technical skills are interconnected with computer program. However, this skill is comprised the knowledge and capabilities to perform specialised tasks related to a specific field (Helmreich, Klinect and Wilhelm, 2017). Technical skills are must in employee or staff within the hospitality sector that also makes the business more competitive. Technical skills are the most necessary and effective learning objectives that makes the better decision making approach. Apart from that, it also helps to discover the new learning objectives and makes the best service opportunity and goals. Technical experts perform better job to gained the final outcome performance. However, the technical skills are refer to the best management goals and manage the work more effectively. Operational:Operational management skills is the another most effective and significant skills within the organisation. That motivates employees or organisation to gain the competitive advantage. Along with that, operational skills have required for maintaining the effective and successful planning and results. Responsibilities may include interviewing, selection and hiring the existing task and performance. Along with that, operational skills help to make the day to day activities more proper and effective as per the business plan. Operation manager must have responsible to interviewing selection and hiring employees. Operational managers in almost any business are key personnel in upper level management that make sure the company is performing to its best potential (Sennewald and Baillie, 2015).
Managerial:Managerial skills are the significant knowledge that more focus on the management activities and ensure the whole process has been going as per the company aims and objectives. Specifically, a manager will make the business more effective and manage the all activities. Managerial skill sets is the best way to control the management task and managing the work more effectively performed. Besides that managerial skills also very helpful to manage the work into more effective manner. Managerial skills are more focused on the managers objectives and goals. There can be many skills a manager should have such as to manage the time level, self confidence, knowledge, effective communication, persistence, self motivation, empathy and goals setting. Accordingtothemanagerialskillsthatmakestheprocessmorechallengingand effectively work (Peltier, 2016). Technical skillsOperational skillsManagement skills Sales managerSalesmanager canalso managethe hugedataand informationof customersthat also manage the work according to that manner. Information managementis theabilityto organiseand usedata typically collectedand maintained in a software. Salesmanager Sales operationsa division within a business that is charged with ensuringthe efficiencyand effectiveness ofacompany sales. Sales operational activities relatedtothe effectivesales thatcompany couldgainby measuringthe different Togivefull attentionto employees and customersis helpful for the managersto understandthe pointsbeing made,asking questionsas appropriate and not interrupting at inappropriate times. Tomake proper planningand organizingis
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alsohave knowledgeand skillsof analytical abilitythat receiveall kindsof information. Understanding the buyer, sales managerial makingtask performance (Bryson, 2017). opportunity and task. Salesmanager shouldhave skillsofdata management. Contract proposalsthat helps to create contractsthat satisfyboth companyand customer needs. Salesmanager arealso responsible for trainingand responsible for developing the longlasting performance and goals. Salesmanager also responsibleto negotiate sales operation skills withcustomer calmlyand other the process or way to control theeffective work outcomes and opportunity gain. Salesmanager alsoshould haveskillof coachingand mentoring. Creatinga salesplanis theanother creativeskills thatshould haveinsales managerof Marriottthat makesthe workplace environment morepositive and creative. Overseeing the work performedby theemployees istheanother necessarytask
companiesto maximise customer relationsand product performance. tobemore effectiveand effectively performedin theproper manner. Operational coordinator Operational coordinator has effective technicalskills thathelpsto accomplishthe taskworkin frequent manner in best possible manner. Operational organiseralso effectivetobe more honest in termsof effective workinglevel thatstrengthen andworkin moreflexible manner. Operational organizeralso hasdata Operational coordinator haseffective communicatio nskillsthat enable to make moreeffective andlong lastingtobe moreefficient and flexible. Strong motivational skillcanalso helpfulto managethe work into more frequent level. Teamwork coordinatethe workamong employeesis theanother skillthat operational coordinator shouldhave (Kerznerand Kerzner, 2017). They also help to manage the workpressure andmakeall employees relaxedand calm.
processing skillsthatcan easily accomplishthe taskinto efficient manner. Recommendation for staff training and recruitment From the basis of above explaining results, it has been cleared that what skills operational coordinator or sales manager have in Marriott. It is helpful to continue the work into more expansion level. Besides, of the Employees or staff members should have proper training and development charges that makes the effective and proper learning material goals. Employees performance development is necessary for the organisation to gain some more opportunity and gain. Along with that, it also helpful to make the proper arrangement and making the task more helpful and effective (Flin and O'Connor, 2017). In order to put these soft skill to be the best use an operation manager can improve their skill set with supporting hard skills like budget management,logistics,productionmanagement,projectmanagementandhumanresource management. 3.2 Creating as well as justifying plan for development of new abilities in staff and management. Required skillsResources takenActions takenTime Duration. Technical SkillsStaffmembers should have to improve computer skills andshould have to learned somemore softwareskills tomakethe Inorderto learn this set of skills, operational coordinator needstotake trainingeither from seniors or mentorsin 1 Month
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work into more smother manner. Staffmembers alsoshould havenourish their analytical skillsto measurethe current situation of the businessby developingthe longlasting work performance goals (Kim and Jeong, 2018). Marriott. Analytical skill canalsobe learnedby mentorsor experienced 2 months Managerial SkillsEmployeesof Marriottcan also need to be learned effective planningskills andhowto maintainedthe proper planningskills and targets. Managerial skillscanbe learnedby seniors, workshops. 1 months Operational SkillsStaff members need toInorderto2 months
be learned more skills andtechniquesto manage the work more efficientandlearning opportunity gained. learnednew efficient working skills, employees needstolearn new opportunity gain (Grobelna, 2015). CONCLUSION As per the above report it has been analysed that business health check can basically define as the activity which includes measuring the various business activities and procedures. However, the whole above report described about the purpose of business in which they described how business accommodate and facilitate the services to customers. Besides, it also explained the factors that have impact on the business into more effective manner into long lasting manner. However, the business is challenging and more influencing target performance. Besides, that study also explained about the PESTLE and SWOT that helped to identified the internal or external environmental landscape. Potential improvement is also described about the improvement which is required by the business operations. After that, report also concluded the effectiveness of business in terms of managerial, technical and operational manner. Hospitality sector is the most fast growing sector that required to be more efficient and luxurious in the context of business. So however it has been concluded that how the business needs to measure the effectiveness of business and how they need to trained their employees or staff.
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