Strategic Planning for the Hospitality Industry

Strategic Planning for the
Hospitality Industry

Table of Contents
 Introduction
 Analyzing strategic direction
 Porter’s value chain model analysis
 Internal and external analysis
 Evaluating strategic options
 Conclusion
 References

Introduction
 Strategic planning is defined as a process in which company leaders and managers determine
their vision and objective for the future needs as well as evaluate their strategic goals.
 The presentation, will give detailed information about vision mission statement of popular
Formule 1 hotel situated in England, providing quality services to their customers and
employees.
 This presentation will give detailed information about vision mission statement of popular
Formule 1 hotel situated in England, providing quality services to their customers and
employees.

1. Analysing Strategic direction of Formule 1
 The plan that the company implemented for in order to achieve progress towards its
objective, goals and fulfil its vision statements.
 It ensures management team and owner of the company can communicate the importance of
team members work and their efforts to achieve business goals.
 A strategic direction of the organization shared sense of purpose and objective.
 The firm needs to plan according to the preference and needs of customer and employees.
Strategic direction requires innovative thoughts, new ideas and careful planning on time.