Profile of the Historic Royal Palaces: Organizational Profile, Strategic Objectives, Key Trends, Sustainability, Financial Operations and Governance

Profile of the
Royal
Historical
Palaces
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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
Organizational profile.............................................................................................................4
Strategic Objectives................................................................................................................5
Key trends...............................................................................................................................5
Level of sustainability............................................................................................................6
Financial operations and governance.....................................................................................8
Key stakeholders of the company.........................................................................................12
Current issues that are affecting these stakeholders.............................................................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
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INTRODUCTION
Businesses in the current environment have to construct clear strategic objectives on the
basis of external environment changes to guide the company in a forward direction. The concept
of formulating strategic objectives plays an important role in growth of the company as it helps
the firm create a clear future vision for the company. This report focuses on the historical royal
palaces and provided a profile about the key information of the company. The report is presented
to recruiters at historical royal places as part of recruitment process for senior management level
position. Organizational profile, explanation of strategic objectives, key trends and level of
sustainability is described with this report. In addition to this, financial operations, governance
and key stakeholders of the company are also included in this report. The issues faced by the key
stakeholders of historical royal palaces are also included.
MAIN BODY
Organizational profile
Historical royal palaces is an independent charity organization created in 1989 with the
purpose of managing the royal palaces in the United Kingdom. The historic palaces of United
Kingdom which are managed by the organization are Tower of London, Hampton Court Palace,
Kensington Palace, The Banqueting house, Whitehall, Kew Palace with Queen Charlotte’s
cottage and Hillsborough Castle. The headquarters of the company is located in Hampton Court
Palace and the region served by the company is England and Northern Ireland. In addition to
this, it is undertaken as the team of individuals who love as well as seek after six most famous
palaces within the world. Also, they develop a space for spirits to stir as well as be stired. They
desires all to feel welcomed as well as accepted. It also tells monarchs stories that it understands
and the lives they do not. Respective firm let person to expand and it set minds racing.
The vision of the company is to provide visitors with an exploration into the lives of
monarchs and create an accepting and welcoming environment for everyone. The mission of the
company is to be committed towards presenting great palaces which are part of UK history and
conserve them for future generations. The company is governed by a board of trustees with
membership reaching to 80,000. Chairman of Historical Royal Palace is Rupert Gavin, CEO is
John Barnes and Chief Curators is Lucy Worsley and Tracy Borman.
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