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(solved)Business Health Check Assignment

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Added on  2020-11-12

(solved)Business Health Check Assignment

   Added on 2020-11-12

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Business Health check
(solved)Business Health Check Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................11.1 SMART objective.............................................................................................................11.2 PESTLE, Porter’s Five Forces analyses and SWOT analysis..........................................21.3 Potential improvement to the business.............................................................................4LO 2.................................................................................................................................................42.1 Business effectiveness .....................................................................................................42.2 Plans and strategies for improvement...............................................................................5LO 3.................................................................................................................................................63.1 Evaluate the current skills of management and staff........................................................63.2 Development plan.............................................................................................................7Conclusion.......................................................................................................................................8REFERENCES................................................................................................................................9
(solved)Business Health Check Assignment_2
INTRODUCTIONThe demands and needs of customers changes frequently with regards to changingenvironment, therefore it is essential for every organisation or business to fulfil these demands inorder to achieve business goals. The present report is in context to business health check withregards to Marriott Hotel, it will identify various factors that affects business activities andperformance of the hotel. The report will also determine various improvement areas for Marriottwhich can be helpful for growth and development of the hotel along with the various skillsrequired by the staff and management. Furthermore, this report also include an effectivedevelopment plan which can assist better performance of employees working in Marriott. LO 11.1 SMART objectiveThis SMART objective is useful all most all hotels. Marriott is a business to make profit.Yet returning the maximum investment to its shareholders is not the sole focus of this globalfinancial institution. Specific :- Specific means the accusative of organization is correct, detailed, focused andwell define. That is the clinical straightforward, it also emphasizes act and the requiredoutcomes. The main subjective of Marriott Hotel of Bangladesh is clear-cut andcircumscribe and that it is carry through the financial and unspecific objectives. Measurable : If the objective is measurable, it effectuation the measuring source isdetermined and its able to course the result. It is one of the most important tool forcomparison and comparability loan scheme form competition in securities industry. Achievable : Objective must be achievable, if the objective is too far in the future find itdifficult to keep motivate. Realistic : Objectives that are accomplished able may not be realistic, nevertheless,realistic does not mean easy. Earthy means that have the resources to get it done. Withthe help of various resources such as skills, money, resources etc. This will help toachieve objective in given time period (Cook, 2017).Time bounded : Time bounded means to set deadline for the achievement of theobjectives. This is one of the most important part to improve current market network. Marriott keeps astrong focussing on the employment that it offers to the customized like personal finance1
(solved)Business Health Check Assignment_3
services, user finance, commercial finance, business firm investment finance and marketplace,private hospitality and so forth among 100 cardinals customized spread all over the global in aprecise professed and businesslike way. 1.2 PESTLE, Porter’s Five Forces analyses and SWOT analysisMarriott Hotel is one of the prime hotels among all the other depository financialinstitution. There is not any hospitality concern which is in the place of STARS because starsgenerate many sums of cash because of their powerful relative activity share, but also go throughlarge amounts of cash because of their high development rate. In addition, Swot analyse is helpto improve market share and increase overall development of organisation. Some factor are focuson internal working environment are as follows :Strength Marriott has sound capitalised and hotel has focus on best performance level. The hotelhas strong emerging trends must be used and take good position for future growth(Vătămănescu and et.al., 2017).The hotel's global beingness in Europe, Asia and South America assistance to spread riskand cancelled significant economic system of scale.The brand name image of Marriott has become firmly accepted and especially establishedthe value within the finance commercial enterprise.Weakness Although Marriott supporter itself firmly with investment funds in small plane figure butthe recent economic condition has led high risks and possibly lever the activity levels inthe areas of business activity.The Marriott Hotel was active with sub-prime marketplace in the US and has had to writeoff large illustration lent to high-risk acquire.Opportunities Marriott's firm point represents the possibility to outplay the challenger during theeconomic downturn and to build privileges for being one of the safer hotels for investor,serving to indefinite quantity beginning for impart.Threats Financial losses touching hotels and investors on a planetary scale have consequence inless credit being accessible to custom-made. In the UK this is coupled with increases in2
(solved)Business Health Check Assignment_4

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