Presentation on Premier Inn: Situational Analysis, Strategy, and Action Plan
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Added on  2023/01/11
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This presentation covers several aspects such as situational analysis, strategic options which organization has and plan of action where they implement their planning in the practical form.
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Table of Content Introduction Situational Analysis Strategy Action plan Conclusion References
INTRODUCTION Business is available in the markets in competing with their goods and services in growing sectors as per their offerings. There are various markets where an company is able to work with the current capacity and capital. The concept is based on the Luxury hotel chain Premier Inn and one of the biggest hotel chains in the UK. Thispresentationcoversseveralaspectssuchassituational analysis, strategic options which organization has and plan of action where they implement their planning in the practical form.
Situational analysis This analysis refers to the internal or external factor which required evaluating because it affects the organizations along with its productivity or profitability. .In relation to Premier Inn, UK has stablepoliticalenvironmentwhichinfavourofhospitality industry and helps in generating revenue. Due to COVID-19 or BREXIT, allthe organizations currently affected and affect negatively. Social factor need to consider because Premier Inn is consumer focused organization. Before formulating any strategy in context of the organizations, management need to evaluate external factors with the help of PESTEL analysis.
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Continue… In addition, in order to measure company’s strengths, weakness, opportunities and threats managers should implement SWOT analysis or build strategies accordingly. It is very essential for Premier Inn to evaluate and measure the area where further they need to improve for operational growth. Premier Inn is one of the known hotels in the UK which offer quality services to satisfy their customers.
Strategy Marketing development strategy is beneficial for the Premier Inn and they have to adopt it, in order to expand their operations into new market with existing services. It helps in recognizing possible opportunities for pushing operations on its own. By using Ansoff model, organization able to identify that, in which segment they need to perform and which one is beneficial for them to maximise productivity as well as profitability.
Continue.. For the expansion of business operations, an organization has several options but they need to select the best alternate which provide them success in the market. By using ansoff model, managers of Premier Inn evaluate the way which helps in expandingtheiroperations.Otherstrategiessuchasproductdevelopment, differentiation and market penetration, these are enough beneficial because it include huge risk. But Premier Inn should adopt market development because hotel has strong image which make them ease to enter into new market and they offer existing product which is already well demanded in the domestic market. There are less risk for the Premier Inn hotel to expand their operations into new market with existing products & services.
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Plan of action Before executive any plan or strategy in the market, it is very essential for the organizations to prepare risk management plan. In includes all thepotentialriskwhichcanorganizationfaceatthetimeof implementing their strategy. There are several types of risk which can affect the profitability as well as entire hotel performance. Some risk can be avoidable and some of them not. Premier Inn evaluates all the possible risk which related to the potential opportunities such as product failure, change in culture and change in consumer preferences.
Continue.. It is highly possible that which services Premier Inn offer in the UK will not appreciated in the another country due to change in culture and their believes. Create a comprehensive roadmap to optimize the approach for business growth and enter a new environment to boost global reach. There are three measures that help organisations to better identify and evaluate their risk for or build appropriate approaches to will their impacts. In this section, each and every aspect will going to evaluate such as vision, mission statement of the company,goals&objectivesandwhatarethetargetingaudienceand positioning strategy to capture market.
Conclusion From the above discussion it has been evaluated that organization need to follow several approaches and tools for internal as well as external factor analysis. These factors help the managers to make strategic decisions in order to achieve business gaols & objectives. SWOT analysis used for internal or PESTEL for external analysis. Ontheotherside,forcompetitiveanalysisbusinessesfollow porter’s five force model or unable the business to evaluate their position in the marker in terms of customers, competitors etc.
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