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Importance of Business Health Check - Assignment

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Added on  2021-02-19

Importance of Business Health Check - Assignment

   Added on 2021-02-19

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Business Health Check
Importance of Business Health Check - Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................11.1 Analysing the objectives of a business.............................................................................11.2 Explaining the factors that affect the business.................................................................21.3 Determining the potential improvement of a business firm.............................................6LO 2.................................................................................................................................................72.1 Reviewing the effectiveness of a business.......................................................................72.2 Developing a plan that helps to improve the business by justifying the value.................9LO 3...............................................................................................................................................113.1 Evaluating the current skills of management and staff..................................................113.2 Developing a plan for development of a skill for management and staff......................13CONCLUSION..............................................................................................................................15RECOMMENDATIONS...............................................................................................................15REFERENCES..............................................................................................................................16
Importance of Business Health Check - Assignment_2
INTRODUCTIONBusiness Health check is one of the essential key part of the process which mainlyhighlights the weaknesses and strength of the company. Therefore, it is a current as well asoverall assessment of all the critical element of the business. Moreover, it is a full diagnostic on abusiness that determines the overall result of the company. Further, the report main aim is todescribe the importance of business health check up and also understand the way that progress ofa business is involved in a hospitality industry. The chosen firm for this report is Premier Innwhich is the largest hotel in UK and currently the firm has more than 70000 rooms and morethan 750 hotels at international level. The firm is established by the Whitbread as a Travel Innand that is why it is run in hospitality industry.The report will describe the objectives of a business and also explain the factor thatcreates impact upon the business. Apart from this, the study will also determine theimprovements to a business organization and it further review the effectiveness of a business byconsidering different areas. Then, report will also develop a plan that helps to improve thebusiness and also justifying its values. Further, report will critically evaluate the current skills ofmanagement and staff and through professional development plan report will also justifies thedevelopment of skills.LO 11.1 Analysing the objectives of a businessPremier Inn is one of the British hotel chain and the UK's largest hotel brand. The firmcurrently has more than 72000 rooms and more than 750 hotels. The quoted firm also operateshotels in different variety of location which includes city centres, airports etc. The firm wasestablished by Whitbread in order to compete the Travelodge. In 2004, the Whitbread boughPremier Inn and then merge it with Travel Inn and then establish the unit in UK. Now, the firm isconsider one of the top and leading brand in hospitality industry (Sullivan and Rosenberg, 2019).The quoted firm mainly provides accommodation services to all kind of peoples with highquality of products and services at reasonable rates.Vision: To become as a unique n the industry by fulfilling the promises and demandsmade by guest.1
Importance of Business Health Check - Assignment_3
Mission: to provide the best service and company preferred destination of choice byoffering professional, flexible hospitality and service to target people and market.Business Objectives:To raise the sales of the company up to 20% in coming next 2 years.To provides the best products and services to their customers and converting the feedbackinto positive one in next 1 years.1.2 Explaining the factors that affect the businessThere are many factors that affect the business of Premier Inn and even it creates positiveas well as negative impact upon the business performance. Therefore, by using PESTLE, Porterfive force and SWOT analysis, company can easily determine the factors which are as mentionbelow:PESTLE Analysis: It is the strategic management tool that helps to determine those factions thataffect the external business environment. These contain some external factors which are asfollows:2Illustration 1: PESTLE Analysis(Source: PESTLE Analysis, 2018)
Importance of Business Health Check - Assignment_4

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