This report explores the emerging trends in the hospitality industry, including the analysis of leadership style, organizational responsibility, and corporate social responsibility. It discusses the benefits of adopting these trends for both the organization and the wider community.
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EMERGING TRENDS IN THE HOSPITALITY INDUSTRY
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Table of Contents INTRODUCTION...............................................................................................................................3 1. Analyse and examine the leadership style in relevance with chosen organisation and justify.. .3 2. Analyse how organisational responsibility & responsible leadership to corporate leadership systems to facilitate competitive advantage.....................................................................................5 3. Explain how corporate social responsibility is beneficial for organisation & wider community7 4. Benefits of Social Media and related risks in relevance with organization.................................8 CONCLUSION..................................................................................................................................10 REFERENCES...................................................................................................................................11 Books & Journal:...........................................................................................................................11
INTRODUCTION Hospitality industry is changing at rapid level due to rise in competition in market. Business sector is booming and new businesses are taking place. This increases competition and rivalries in the market. It is also known as service industry which includes several services like event planning, tourism industry, cruise sector etc. All come under the same category. Due to changing demand and needs of customers, new strategies and tactics are adopted by hospitality industry and trends changes time to time. Sultan Restaurant headquartered in UK. Hotel provides Turkish dishes and service to the people and which makes them unique from other hotels. Trends of hospitality industry have taken a big change and which also changes customer requirements and service industry is evolving accordingly. It is necessary to follow and emerging trends in hospitality industry like grab and go & self-service, using natural substances and providing health food. These are some of the major trends which are emerging in the hospitality and service industry. This report includes leadership style with justification, analysis on how organisational responsibility & responsible leadership leads to corporate leadership system to facilitate competitive advantage, benefits of corporate social responsibility and benefits of social media & risk associated with it. 1. Analyse and examine the leadership style in relevance with chosen organisation and justify. Hospitality and service industry are adopting and using new ways of delivering service to customers. They perform ample numbers of functions and operations which are handled as well as managed by managers of the firm. Main operations such as maintaining relationship between guests and the host. Organising, controlling and managing is not easy so managers helps the firm to operate in proper manner. Thus, managers and leaders are being hired to handle staff as well as employees in organisation(Dzhandzhugazova, 2016).In relation with Sultan Restaurant, managers of entity uses appropriate leadership style so that team is managed and goals as well as objectives are achieved in proper manner & within period of time. It is important for business to adopt leadership styles because they help leaders to achieve assigned task with help of team in appropriate manner. Every managers as well as leaders in the firm use different leadership styles according to their behaviour and role.(Jones, 2016). There are various types of leadership style such as supportive, directive, participative, achievement oriented. Each and every manager of the firm is heterogeneous in nature and uses the style which is suitable for them and the team. Applying proper leadership makes employees motivated and increases their morale which results in higher productivity and profitability of the business. Sultan Restaurant is a leading restaurant in UK wand due to its enhanced business opportunities it has become essential for mangers as well as leaders to adopt the leadership style. So, to achieve the desired goals and objectivesparticipative leadershipis successfully applied.
Participative leadership style- It is type of style in which organisation employees are included when decision making in entity is done. Through this, personnel get attached with firm problem and give ideas to solve issues which are affecting the business. By using participative leadership style, it becomes easy to deal with challenges and problems in effective manner. Sultan Restaurant uses this because this helps both enterprise and staff members to understand each other properly.Itleadstoincreasedproductivity,enhancedemployeemorale,coordinationand cooperation is developed at rapid level But when using this leadership it is to be carefully because decision making process is long and time consuming. For example- Chosen organisation can use this leadership style to decide emerging trends which are discussed below- Emerging trends: Technology/robot service- It is often said that technology is mostly used by IT firms but this is not true. Nowadays, it is being used and operated in hospitality and other business sector also at wider and broader level. Such as many Sultan Restaurant uses technology for their online management system, reservation, room booking etc. Also, to deal with competitors they will be adopting robot service at their restaurant in near future which will lead to acquisition of customer at large scale. It is also used to secure information and data of customers and guest so that it is not misused by third party. Thus, participative leadership is used when new technology or methods are adopted or introduced by entity. This helps in analysing each & every employee point of view regarding the changing trends and using new ideology in the organisation(Dogru, 2019). Destination Promotion- Social media is becoming a source to generate profits as well as to do promotion and advertising of business at national and international level. Sultan Restaurant promote their hotel through event managers, marriages etc. But as the trend has changed now hotel industry uses guest & customers images and features them over the websites as well as on ads to promote the brand name and services. There are various ways of promoting and advertising brand name or business. It depends upon the entity to select the most suitable one so that cost of production is not affected(Arasli, 2020). With help of participative leadership style, managers of the firm take decisions in effective manner so that right methods are used for promotions. Sustainability rules- Environment is being affected by business sector at deep. So, earlier guest were used to leave rooms without switching off fan and lights this affects the resources and money of hotels. So, with changing trends Sultan Restaurant is deciding to use solar panels and updated technology so that lights get switch off automatically when guest or customers leaves the room. This is cost expensive but effective for future perspective. This also results in using of preventive measures for future development.
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International visitors- In hospitality industry, it is well established and is famous for its services then international visitors select these hotels. For example- many hotels are there which open their branches to the airport also so that their hotel business expands at faster rate. In relation with Sultan restaurant, with help of participative leadership style they can decide to what strategies and tactics are to be used to expand their business. So, it is essential for hospitality industry to focus on customer relationship management so that international visitors come and which leads to increase in goodwill of the firm as well as enhance their creditability in the market. There are many other emerging trends in market and which are used as well as adopted by new business. With help of these, new strategies as well as tactics are implemented by enterprise to survive in market. Thus, these trends motivates firm to change their management and infrastructure from time to time(Patiar, 2020). After a brief analysis of above matter it is stated that participative leadership is beneficial for both firm and employees if applied specifically. This leadership style has been used and selected because it increases team coordination and cooperation & also develop relationship between both the parties. So, to achieve the higher productivity and profitability manager of enterprise use this style.Emergingtrendsassistbusinesstoanalyseandexaminethecustomersdemand& requirements with changing period of time. Thus, this also helps entities to take decisions in proper manner so that conflicts in management & errors do not arise. This also results in using resources and money effectively so that they are used in future growth and overall development(Carroll, 2020). 2. Analyse how organisational responsibility & responsible leadership to corporate leadership systems to facilitate competitive advantage Organisational responsibility and responsible leadership play vital role in establishing corporate leadership system. When it comes to CSR, organisational responsibility increases towards both employee as well as society. Each and every firm have responsibilities and which are to be fulfilled in proper manner. Without analysing and identifying responsibility it is not possible for organisation to achieve goals & objectives within a period of time and without any hurdles or obstacles. In relevance with Sultan Restaurant, their main responsibility is to handle and maintain relationship with their customers by giving high quality of services to them. Whereas, responsible leadership refers to interaction of management with society and people to analyse what changes are needed to be implemented. A leader is to be motivated and active towards such events which are required and beneficial for improvement of environment and society. Manager of Sultan Restaurant is well aware about locality and trends emerging in the market. Both responsible leadership & organisational responsibility are crucial for success, growth and overall
development of business. To handle and these two concepts high level of skills & knowledge is required. Because these are time consuming process and problems, challenges, issues are bound to be occurring. Combining those leads to corporate leadership system. In this, superior authority has the power to take decision in the business. It is important to implement corporate leadership so that firm is able to achieve their targets and desired goals in effective manner. By using this corporate leadership system, it is taken as competitive advantage by the firm because in this skills and knowledge adopted by leaders are developed and improved at larger scale. These are then applied in the management for achieving the mission & vision(Adler, 2020). Organisational responsibility varies from leadership responsibility because both operate and function differently. So, it is necessary for Sultan Restaurant to get the proper analysis about firm responsibility so that correct measures are taken & decision making is done accordingly. This makes them aware about their roles & duties so that leader in firm is able to use leadership style properly. It is also essential for leader to analyse their style which is most suitable to entity and for team. This makes leader and manager responsible towards the employees. Competitive advantage are- With use of corporate leadership system, leaders are able to gain new skills and ideas which they use in the business and applied to their team for achieving the assigned task to the team. Another advantage of CLS is that new ideas and methodology are used for better results in business(Miska, 2018). Further, strategies and tactics are implemented by superior authority which results to effective decision making in the process and management. Then, by implementing this system expertise and new employees explore new opportunities and ideas which motivate them to put more effort towards the mission. By using this CLS, Sultan Restaurant also gain the competitive advantage of increasing management activities in the business. After a brief analysis of above matter it is analysed that it is important to examine and evaluate the organisational responsibility so that everyone is aware about their duties which is to be done in appropriate manner. Further, a responsible leader is always ready to take the risks and change that risk into advantage. Hence, with proper use of market research leader become responsibleanddeliverpositiveoutputtotheorganisation.So,organisationresponsibility, responsible leaders and corporate leadership system boost the growth of business at rapid level. Decision making is to be done with proper measures so that problems do not arise in near future.
3. Explain how corporate social responsibility is beneficial for organisation & wider community In organisation, most of the businesses run with motive of earning profit but it is also important to improve society and environment which are essential for every enterprise. Yes, profit earning and making revenues are necessary but adopting corporate social responsibility is also necessary. Corporate Social Responsibility- Corporate social responsibility also known as CSR is defined as organisational measures or say goal to contribute to the environment and society for their improvement and growth. This is most effective way of increasing goodwill of the firm. This also increases productivity and morale of the employee within the firm. This means that focusing on CSR leads to brand image development in the market. Through this, personnel in firm also get motivated towards social responsibility and this results in growth as well as overall development of society at broader level. In relation with Sultan Restaurant, they can grow the plants around the city to make environment more greenery and safe. This will help them in awareness & attention of their business in the eye of customers. Adopting this motivate community to took steps in CSR to make the surroundings better. Making and contributing in society attract more employees as well as customers(Witt, 2016). Benefits to organisation Organisational Growth- Every entrepreneur wants to achieve organisational growth for which strategies and different tactics are implemented. In market, it is necessary to focus on growth as well firm development so that business activities grow at faster rate. So Sultan Restaurant uses this CSR in effective manner and which helps them in growth of the business. Fund Raising- In business, requirement of capital and assets is at every phase. There are many financial institutions, bank; money lenders are available in market that provides funds to the business. But due to rise in competition it is not easy to get the money from such sources so, entities that provide changes in society comes become noticeable and which helps in getting fund raise from such sources. So, Sultan Restaurant is able to raise funds from banks for their business activities, functions & operations(Grayson, 2017). Efficient and retaining staff- When organisation provide contribution in society it not only attracts customers but also attract talent, employer and retain staff. This minimises their recruiting and training cost. With help of CSR, Sultan Restaurant is able to retain staff for longer period of time. This results to stability of efficient talent and personnel for longer period. Thus, it eases the process of organisation so that focus is done on core activities. Brand recognition- When attention is paid to social responsibility by firm, it indirectly do
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the promoting and advertising of brand. So, with help of CSR, Sultan Restaurant makes them recognized in the market and through which they are able to target customer & market in appropriate manner. It is important for firm to get brand recognized in the market so that acquiring resources as well as customers become easy and faster. After a brief analysis of above matter it is analysed that corporate social responsibility is important for every firm to grow and develop their business at wider level. With help of CSR, it becomes easy to access the market as well as resources in effectively & appropriately. It is responsibility of the manger to analyse weather organisation need corporate social responsibility or not. This helps in moving towards the improvement of society so that more resources are available to entity. Moreover, it also encourages community to show positive attitude in society and people. 4. Benefits of Social Media and related risks in relevance with organization It has been determined that there is a significant rise in uses of social media platforms around the world.Itcreatessignificantopportunitiesfororganizationstoattractconsumerspurchasing behavior towards their product and services. Social media provide different type of benefits through which entity can increase their overall profitability and productivity in best effective manner. Sultan restaurant offer ultimate dining experience to their consumers with a cosmopolitan atmosphere in London. With having exotic range of food and beverages this restaurant satisfy consumer needs and demands in effective manner(Sanjeev, 2019).Mentioned below that are some certain benefits of social media through which Sultan restaurant can increase their consumer base and profitability: Improves Trust and Loyalty:One of the most important benefits which is associated with social media that allow entity to make significant improvement in trust and loyalty with their consumers. By taking advantage of social media platform Sultan restaurant can understand actual need of their consumers and can serve them with quality food and services. Social media is a great way to establish transparency. In this by allowing guest to share their reviews and post picture about that experience at restaurants respective business entity can increase their competency in marketplace (Fordham, 2018). Affordability:Social media is an inexpensive way to advertise services and products. It has been determined that old fashion advertising methods did not attract much attention of customers. Thus in order to ensure long-term sustainability in food and beverage industry Sultan restaurant is required to effectively attracts attention of their new and existing consumers. In respective entity by posting pictures and creating awareness among consumers towards new dishes can allow restaurant to attract significant attention of consumers. In this entity by taking use of weekly special post, photos, consumer pictures at restaurant, graphics videos and more can ensure high profitability. It
has been identified that Sultan restaurant can also feature there Chef via Face book live video and can capture consumer attention by making them connected. It is effectively help them to draw audience attention in affordable manner. It has been identified that social media play a significant role to increase profitability by undertaking smart way to advertise. StayingConnectedwithGuests:Nowadaysitisessentialfororganizationtostay connected regularly with their guest. In this social media provide a great platform through which entity can ensure communication with consumers in a well effective manner. With the help of different social media platform Sultan restaurant can keep in touch with their consumers and can make personal connection with them. This has been evaluated that majority of population spend most of their time on social media on everyday basis. Thus, by taking advantage of this platform and taken significantly increased their profitability(Breda, 2019). Provides Guests with Restaurant Updates:Social media proves to be one of the fastest way through which restaurant can keep regular updates related to new menu items, events, special packages, holiday hours etc to their guest. Sultan restaurant by taking use of different social media platforms like Facebook, Twitter and Instagram can provide their existing and new guest with restaurant update and can increase their attention in a significant manner. Related Risk Social media is a free platform that gives consumers a voice and allows them to share reviews; sometime negative consumer reviews can significantly cause damage to restaurant. Social media is a great platform to provide excellent experience to consumers but sometime it can cause huge problem, as when consumers are unhappy then they take use of social media to share their grievances. In addition to this it has been identified that most of the consumers complain about servicesand productsof restaurantdirectly on social media withoutgetting intouch with organization at first. Negative post on social media profile of company can lead to towards creating distaste among other consumers. Along with this has been identified that because of this there is a possibility that followers on restaurant page can go down. Thus it has been identified that negative reviews can create dissatisfaction among other consumers at a great extent. Along with this it has been identified that there are trolls who get paid to ruin successful business image among consumers that creates a powerful makes to decrease entity goodwill in marketplace(Deepeka, 2019). Thus according to the discussion it has been identified that social media turns out to be a great platform through which entity can significantly attract attention of large face of customers. But somehow there are some certain risk that are related to social media that can affect image of entity. In this Sultan restaurant is required to undertake some effective measures in order to
overcome these issues in time effective manner. In this it is essential for restaurants to ensure their presence on all the social media platforms of entity 24/ 7 and ask for consumer feedback on daily basis. In addition with this by launching initiatives to engage customers in online sample survey is also one of the effective measures through which respective restaurant can analyze their issues and problems and can further implement effective strategies to overcome them in best effective manner. Along with this it is essential for Sultan restaurant to implement well design strategies and develop formative relationship with their customers. This will allow them to identify their actual need while ensuring their loyalty towards restaurant. It has been identified that by taking advantage of paid advertisements company can boost their visibility among audience and can further attract attention in a significant manner(Kulshreshtha, 2019). Thus, it has evaluated that social media is one of the most important and essential platform through which entity can increase attention of consumers towards restaurant services in a well- defined manner. In order to remain in competition in food and beverage industry it is essential for Sultan restaurant to take advantage of this platform while undertaking risk factors that are associated with it, as it can negatively affect organization image in marketplace in this company is requiredtoimplementeffectivestrategiestobuildlongtermrelationshipwithconsumers. (Prathyusha, 2019). CONCLUSION After a brief analysis of above report, it is concluded that hospitality industry play vital role in providing services. In business, it is important to be flexible and adjust according to time because this helps in dealing with situations and events in proper manner. Trends in market are not fixed and they changed periodically depending upon the customer needs as well as demands. It is essential for service industry to be aware about emerging trends so that they take decisions accordingly. In organisation, it also necessary for managers and leaders to select and choose appropriate leadership style which is to be used throughout the process. Such as participative style has been used by the
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chosen firm so that decision making is done in appropriate manner. Also, corporate social responsibility is needed to be focused in business for wider opportunities. Further, social media are used in business to promote & access global market but risk associated with these digital platforms affects the functions and operations of business at deeper level. Hence, emerging trends are to be adopted with carefully and effective measures. This is because, they are the reason through which changes & transformation of business is done widely. REFERENCES Books & Journal: Jones, 2016. Sustainability in the hospitality industry.International Journal of Contemporary Hospitality Management,28(1), pp.36-67. Dzhandzhugazova, 2016. Innovations in hospitality industry.International Journal of Environmental and Science Education,11(17), pp.10387-10400. Dogru,2019.Employeeearningsgrowthintheleisureandhospitalityindustry.Tourism Management,74, pp.1-11. Arasli,2020.Seasonalemployeeleadershipinthehospitalityindustry:ascale
development.International Journal of Contemporary Hospitality Management. Patiar, 2020. Managers' leadership, compensation and benefits, and departments’ performance: EvidencefromupscalehotelsinAustralia.JournalofHospitalityandTourism Management,42, pp.29-39. Carroll, 2020. From managerial responsibility to CSR and back to responsible management.The Research Handbook of Responsible Management. Cheltenham: Edward Elgar. Adler, 2020. Responsible leadership and management: Key distinctions and shared concerns.The Research Handbook of Responsible Management. Cheltenham: Edward Elgar. Miska, 2018. Responsible leadership: A mapping of extant research and future directions.Journal of Business Ethics,148(1), pp.117-134. Witt, M.A. and Stahl, G.K., 2016. Foundations of responsible leadership: Asian versus Western executiveresponsibilityorientationstowardkeystakeholders.JournalofBusiness Ethics,136(3), pp.623-638. Grayson,2017.Corporate social opportunity!: Seven steps to make corporate social responsibility work for your business. Routledge. Fordham, A.E., Robinson, G.M. and Van Leeuwen, J., 2018. Developing community based models of Corporate Social Responsibility.The Extractive Industries and Society,5(1), pp.131-143. Sanjeev, 2019. The tourism and hospitality industry in India: emerging issues for the next decade.Worldwide Hospitality and Tourism Themes. Breda,2019. future trends in the hospitality industry: an analysis from the consumers'point of view.tourism in south east europe...,5, pp.139-162. DEEPEKA,2019.emergingtrendsinserviceapartmentindustry–chennaiscenario.brand: sculpting corporate identity, p.31. Kulshreshtha,2019.Theemergingimportanceof“homestays”intheIndianhospitality sector.Worldwide Hospitality and Tourism Themes. Prathyusha,2019. Emerging trends in recruitment and selection in India.International Journal of Management, IT and Engineering,9(3), pp.42-47. Muda, 2019. Islamic Tourism: Emerging Trends, Challenges, and Opportunities in Tourism Industry of Malaysia. InContemporary Management and Science Issues in the Halal Industry(pp. 303-317). Springer, Singapore. Vij, , 2019. The emerging importance of risk management and enterprise risk management
strategies in the Indian hospitality industry.Worldwide Hospitality and Tourism Themes.