Marriott Hotel Business Analysis

This assignment analyzes Marriott Hotel's business operations, focusing on their strategies, challenges, and performance drivers. It explores various aspects like organizational structure, decision-making processes, and external factors influencing the hotel's success. The report aims to highlight key policies and norms implemented by Marriott to enhance its performance and overcome business obstacles.

HOW BUSINESS
OPERATE

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Covered in PPT...........................................................................................................................1
TASK 2............................................................................................................................................1
2.1 Importance of accounting for business success....................................................................1
5.1 Functions of HR department in business..............................................................................1
5.3 Key features of employment legislation...............................................................................2
TASK 3............................................................................................................................................2
3.1 Interpret the information on profit and loss account.............................................................2
TASK 4............................................................................................................................................3
4.1 Self roles and others in team.................................................................................................3
4.2 Notes for supporting future training events..........................................................................3
TASK 5............................................................................................................................................4
Covered in PPT...........................................................................................................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business environment is a study of external and internal elements which have a major
impact on company performance. However, number of organization are emerging at marketplace
with various motives (Shenkar, Luo and Chi, 2014) . For example; private companies are depend
upon profit oriented policy whereas public are customer oriented. In fact, number of associations
are emerging with distinct purposes. Marriott hotel is most leading association in service industry
by having its branches across the international boundaries. Therefore, assignment is going to
highlight various businesses emerging at global market and their way of running business entity
by considering necessary elements such as; balance sheet, profit or loss account hence forth.
Role of HR team and other members towards development of an organization is also outlining in
this project.
TASK 1
Covered in PPT
TASK 2
2.1 Importance of accounting for business success
Management accounting have a major impact on a company performance because fund is
seen as most indispensable aspect for entire corporate world as business operations are
accomplished with the use of sufficient funds (Storey, 2016). In fact number of factors are
identified which shows that accounting is highly mandatory for business success that is described
as underneath:-
 Control loss:- Expenses and expenditure are recorded by finance department which helps
in managing funds in appropriate manner which resulted in regulating extra loss.
 Prepare budget :- As per this element company is focussing on designing an effective
balance sheet and plan to overcome the possibilities of losses.
Apart from this, management of accounting is useful in attaining set objectives by
managing funds of business entity in appropriate manner.
5.1 Functions of HR department in business
HR department of business entity are playing a major role in enhancing the sales
performance by recruiting and appointing employees in order to fill the vacant position of an
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association. Along with this trying to manage overall business activities by conducting various
entertainment programmes for refreshing the minds of employees (Ward, 2016) . Apart from
this some of the essential functions of HR team is described as under:-
 Appoint employees whomsoever are eligible for company or position by considering
necessary facts or figures.
 Responsible for conducting various programmes or sessions in order to enhance the
performance of staff members.
 Designing several motivational programmes.
 Salary management of staff.
 Keep and maintain the confidential records of business entity for preventing it from any
fraudulent activities.
5.3 Key features of employment legislation
Legal bodies are playing very eminent role in preventing employees from exploitative
activities and protect individuals from getting misuse. In fact, employment laws are playing
major role in improving the performance of an organization by taking effective plans and
policies for success of staff members (Dunning, 2014) . Along with this, legitimate bodies are
enacting numerous of acts and laws for preventing employees from dangerous acts which are
expressed as follows:-
 Minimum wage act:- It means every staff member must have minimum wages to their
workers so they can fulfils their basic needs or demands in appropriate manner.
 Health and safety:- It is indispensable to facilitate employees with best services to their
staff in order to protect from various accidents.
TASK 3
3.1 Interpret the information on profit and loss account
Profit and loss account is a financial statement of a firm that states firm's revenue and
income considering all the expanses which it has spend on a business. The Marriott hotel is
growing its business, whatever it is investing it is also earning a good income in terms of
expanses (Doppelt, 2017) . As in the year 2017, it increased it business approximate 37 percent
from the prior result, of the year 2016. It calculated on a quarter or generally on fiscal year, so it
gain more profit in 2017 as compare to the previous year. It invested in 27000 hotels which have
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more than 4,60,000 almost, and that offered its profits nearly 301 percent than its competitors. Its
fourth quarter reported that its net income is around $201 million which was decreased nearly 18
percent on the basis of last year. In the year, 2017 Marriott repurchased approximate 29.2 million
shares of the company's common stock. In the year, 2018 it repurchased around 2.3 million
shares for approximately $315 million (Palattella, 2016) .
TASK 4
4.1 Self roles and others in team
As being a leader a leader directs sub ordinates that what they have to do in order to
accomplish a task, If they have any difficulty then a leader should help them to remove the
obstacles. A leader have the competency to stand even in tough situation with a problem solving
approaches, because the need they are the personality that who is followed by others, a team
leader manages the work accordingly and motivate colleagues to complete the given work with
in specified time (Adjei, 2014) . Leader has the capabilities to motivate and divide the work in a
team so that followers are able to finish the work in given time. A leader has a specific role in a
team as they are the manager of a team, they are guided by the management and they guide the
team which aid to manage a big tasks in separate tasks.
4.2 Notes for supporting future training events
There are three supporting theories for the future events, that are as follows-
Describe the stages of team development – There are five different stages for development,
namely, forming, storming, norming, performing, adjourning (Omar, Leach and March, 2014) .
Forming refers to members to start the interaction regarding work, storming means to put the
questions through assertion to implement in decision-making. Normalization defines as grouping
the ideas from a team, and performance measured as confidence of the members of a team, and
adjourning means the group will be dissolved after the completion of task (Gassmann,
Frankenberger and Csik, 2014) .
 Assess three motivation theories – The three motivational theories are putting efforts
and analyse the performance and reward the employees for their performance.
 Different types of leadership style – There are various kind of leadership, such as
autocracy, who tells the team what to do and shows some confidence in them,
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participative leadership who promotes the team members to involve in decision making
(Organizational structure, 2018).
TASK 5
Covered in PPT
CONCLUSION
From the above report it has been summarized that operating a business entity is not an
east task which requires proper functioning, plans and strategy in order to control chances of
mistakes. Along with this, numerous factors needs to considered by an organization while
running a firm in appropriate manner. In fact, Marriott hotel is adopting various policies and
norms for enhancing their performance. Along with this, highlighting various factors which is
considered by an enterprise to overcome their business problems for attaining set objectives.
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REFERENCES
Books and Journals
Shenkar, O., Luo, Y. and Chi, T., 2014. International business. Routledge.
Storey, D.J., 2016. Understanding the small business sector. Routledge.
Ward, J., 2016. Keeping the family business healthy: How to plan for continuing growth,
profitability, and family leadership. Springer.
Dunning, J.H., 2014. The Globalization of Business (Routledge Revivals): The Challenge of the
1990s. Routledge.
Doppelt, B., 2017. Leading change toward sustainability: A change-management guide for
business, government and civil society. Routledge.
Palattella, M.R., Dohler, M., Grieco, A., Rizzo, G., Torsner, J., Engel, T. and Ladid, L., 2016.
Internet of things in the 5G era: Enablers, architecture, and business models. IEEE
Journal on Selected Areas in Communications, 34(3), pp.510-527.
Adjei, H., Baffoe, R.S., Amofa, A.K. and Agbamu, P.G., 2014. Assessing the Corporate Social
Responsibility Activities of Atwima Kwawoman Rural Bank Limited and its Impact on
the Communities it Operates. European Journal of Business and Innovation
Research, 2(4), pp.36-47.
Omar, A.T., Leach, D. and March, J., 2014. Collaboration between nonprofit and business
sectors: A framework to guide strategy development for nonprofit
organizations. VOLUNTAS: International Journal of Voluntary and Nonprofit
Organizations, 25(3), pp.657-678.
Gassmann, O., Frankenberger, K. and Csik, M., 2014. The business model navigator: 55 models
that will revolutionise your business. Pearson UK.
Bernstein, M.H., 2015. Regulating business by independent commission. Princeton University
Press.
Online
Organizational structure, 2018. [Online]. Available
through<https://www.heflo.com/blog/business-management/small-business-
organizational-structure-examples/>.
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