The Challenge of Future Tourism with Sustainability Agenda
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Added on 2023/06/14
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This article discusses the challenges and strategies for the future of tourism with a sustainability agenda. It provides an overview of TUI's operations, short and long term goals, vision statement, and CSR activities. The article also outlines TUI's plans for market and product development.
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THE CHALLENGE OF THE FUTURE OF TOURISM INCORPORATING SUSTAINABILITY AGENDA INTRODUCTION Tourism industry falls under the list of leading sectors in the business world, as it concentrated on conducting sustainable and ethical business practices that play vital role in its growth. The current assignment will be based on TUI, which falls under the categoryoftoptourismbrandsinthechosensector.Thestudywillexplain organizational overview, short & long term goals, vision statement, problems and their impact on environment as well as CSR activities of company. Furthermore, lastly the report will also specify strategic plan of TUI in form of product and market development. Overview- TUI is one of the best and most successful tourism organizations in the UK, as it has power to retain consumers and enhance their satisfactory level, which is quite essential for any company to do that. The group of firm encompasses more than 400 successful hotels in which candidate’s efforts to provide or offer satisfactory services to all guest whether they are existing or new. It was known as top British leisure travel group in the United Kingdom, that had strong and wide workforce, among which each player is able to achieve strategic aim and objective of hotel. It operates its venture activities across national boundaries and within many nations such as Poland, Denmark, Sweden, Netherlands, etc. which in turn contributes to increase its profitability and enhance productivity. The management of chosen firm operates their all the functions in term of monitoring operational activities from Germany as the main headquarter. Long term goals- To conduct sustainable or environmental sustainability practices in the next 5 years. To increase profitability by 50% within 3 years. To enter into new market and build strong brand image at global level within 4 years. To generate 50% revenue within 5 years. Stating vision of TUI and organizational value that support vision statement-Themissionof chosen company, is to become a sustainable brand while managing and running venture into tourism sector, which in turn provide several benefits to its stakeholders. As each stakeholder conduct multiple attempts to make organization successful and productive. Under this vision statement, it may take initiative to add more values in the context of current product and service portfolio. For example, itvalues consumer satisfaction and place that in list of organizational priorities at top, which is important and beneficial for company and its management to do that (Renshaw, Parry and Dickmann, 2020). It may aid to achieve strategic vision and provide varied benefits in bulk, beyond the expectations of each stakeholder such as workers, investors, suppliers, consumers, governmental bodies,etc.Itmayconcentrateoncreateandproviding unforgettable moments to target market along with considering corporate social responsibility as CSR concept into consideration. It can be said that TUI is mindful of significance of tourism and travel for varied nations in the world, and individual living there. It partners with each nation's and aid shape their future in a sustainable and committed way that bring more benefits for them more than now. Outlining the past operations of TUI that aid to achieve vision- Customer service management operation-This operation may aid organization, to gain benefits in term of aim achievement that play significant role in its success within competitive business environment. With this section, TUI may take initiative to retain potential consumers and acquire new as well, who are capable to conduct word of mouth promotion that help to reach organization at desire outcome. It may contribute in varied terms such as to increase customer base.With this operation firm may provide satisfactory services to customers on time without conducting too many efforts to retain them. Inboundoperations-Underthisterm,firmmayhaveconductstrategic activities internally in term of making a tour package with the help of skilled and experience workforce, among which each candidate is able to understand target market needs (Smith and Srinivas, 2019).For example, organization is accountable to make possible arrangement for all the guest, that came into its outlet or firm to take pleasure of their holiday, which give them unforgettable experience and memories in bulk. Stating 5 aims of company including short and long term aims- Short term aims- To enhance consumer satisfaction and build wide customer base by 50% within 2 years. To gain competitive advantages in bulk within 1 year. To become a competitive brand in tourism industry within 2 years. To gain competitive advantages in bulk within 1 year. It also includes more operational activities, that management may utilize to obtain expect outcome and take pleasure of obtaining in turn benefits of it. Human resource management is the best example of inbound operation that aidfirmtotakepleasureofandgainingkeyadvantagesofobtaining competitive benefits. Managing marketing and Quality-It is one of those past operations that TUI has and utilize successfully to achieve vision and mission, which is important and beneficial for it to do that systematically (Almeida and Pelissari, 2019). For instance, it may conduct marketing activities with skilled marketers and team of players, among which each member is capable to develop the best advertising plans that aid to gain attention of more guest and in turn support to increase customer base of TUI than its rivals.
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Current operational issues and impact of operations on environment and CSR activities of TUI with Examples-Too much wasteis one of those operational issues that put negative impact on sustainable progress & success of chosen company. It may lead to increase stress and decrease organizational performance. For example, without saving food and other items, organization may face challenge managingwaste,whichmayaffectconsumer’ssatisfaction(Moradiand Aminbeidokhti, 2019). This term is related to sustainable concept such as CSR, that put a lot of pressure on management to deal with that by taking right action. Another operational issue islack of planning, which lead to decrease sales, and loss success chances. Along with obtaining success, still firm may have loopholes thatputdirectimpactonitsventureorbrandimageandcurrentpractices negatively. All these two issues are related to further sustainability as it may put company and its management under high stress. With product development, TUI may focus on market development technique as well that refer to Ansoff's growth matrix model, which encompasses four different types of strategies that varied companies in the recent time has been utilized. Like above one, it may also drive the concentrate and effort to management toward developing plan and creating tactic to enter into new market where, success and business growth factors accessible in bulk (Yang and Hsu, 2019). It can be said that market development strategy in turn provide multiplebenefit to user in term of increasing profits margin and enlarge organizational size as well as scope that is important for them to do that systematically and appropriately (Benabdellah and et.al., 2021). StatingplansofTUIintermofmarketandproduct development-In order to gain benefits in term of sustaining business forever in productive manner, TUI may conduct strategic practices. For example, it may concentrate on specificapproaches suchasproductandmarketdevelopment.Accordingtofirst approach, TUI may take action to develop strategic plan about offering a new product or making possible changes in current one. It may drive its attention toward adding value added services in existing offers that aid to retain and acquire potential consumers, among which each customer is able to increase organizational productivity more than other brand (de Oliveira and Caetano, 2019). According to this approach, it may take decision to add value in accommodation services and products such as discount offers that aid to increase sales as number of guest are taking interest to retain with brand when it may provide valuable services along with items CONCLUSION On the basis of above discussion, it has been identified that by developing strategic development plan, organization has overcome the critical situation. As it has deals major challenges that put negative impact on its venture growth and success in the tourism industry, where it has established its business and operated each operation successfully. Furthermore, from above analysis, it has beenconcludedthatmarketandproductdevelopmentstrategies implementation in return increased organizational financial performance and generated more revenue than last few eras. REFERENCES Almeida, G. S. D. and Pelissari, A. S., 2019. Customer Satisfaction based on the attributes of accommodation services.Revista Brasileira de Pesquisa em Turismo. 13. pp.32-53. Benabdellah, A.C and et.al., 2021. Design for the environment: An ontology‐ basedknowledgemanagementmodelforgreenproductdevelopment. Business Strategy and the Environment. 30(8). pp.4037-4053. de Oliveira, D.S. and Caetano, M., 2019. Market strategy development and innovationtostrengthenconsumer-basedequity:ThecaseofBrazilian airlines.Journal of Air Transport Management.75. pp.103-110. Li, M and et.al., 2021. A systematic review of AI technology-based service encounters: Implications for hospitality and tourism operations.International Journal of Hospitality Management.95. p.102930. Moradi, S. and Aminbeidokhti, A. A., 2019. The education system and a ten- year lack of an operational model for evaluating the performance of the board of trustee's schools from the perspective of school-based management system. Journal of Management and Planning In Educational System. 12(1). pp.101- 124. Ndu,E.C.,2021.REEGENINEERINGTHENIGERIANTOURISM INDUSTRYFORSUSTAINABILITY:THESYSTEMICOPERATIONS MANAGENEMENTPERSPECTIVE.GPH-InternationalJournalof Business Management (IJBM). 4(04). pp.40-54. Renshaw, P. S. J., Parry, E. and Dickmann, M., 2020. The organizational value of international assignments–the relational underpinning.The International Journal of Human Resource Management.32(1). pp.106-146. Smith, D. and Srinivas, S., 2019. A simulation-based evaluation of warehouse check-in strategies for improving inbound logistics operations.Simulation Modelling Practice and Theory. 94. pp.303-320. Sombultawee, K. and Boon-itt, S., 2019. Marketing operations alignment: A systematic literature and citation network analysis review. Kasetsart Journal of Social Sciences. 40(1). pp.225-234. Yang, C. L. and Hsu, H. K., 2019. Optimized new product development strategy. International Journal of Organizational Innovation(Online). 12(1). pp.110-121. Organizational operations as stated above and others may put negative impact on environment in term of increasing land pollution, when organization may do not reduce extent to which resource wastage happen. It may put same impact on corporate social responsibility activities as well. Furthermore, the operations of TUI may put positive impact on both term in term of eliminating the factors or reasons behind any form of pollution such as air, land and water as well as noise. It may aid to prevent environment from harmful factors that affect sustainability and natural beauty of environment. Marketing operation may put positive impact on CSR activities of company in term of promoting ethical and sustainable practices of TUI that aid to gain the attention of sustainable stakeholders (Sombultawee and Boon-itt, 2019). It may lead to increase organizational performance and productivity as well as operational efficiency more than other tourism brands, successfully that is important.