This reflective report presents a brief on an industry placement organisation named Regent Park Resort and analyses its strategic goals, organisational culture, communication, leadership, teamwork, and motivation.
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Running head: INDUSTRY PRACTICUM REPORT Industry Practicum Report Name of the Student: Name of the University: Author note:
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1INDUSTRY PRACTICUM REPORT Executive Summary This reflective report has presented a brief on an industry placement organisation named Regent Park Resort. It has applied several different principles and theories in order to analyse this company in terms of several factors and to identify the areas that it needs to improve. With the same, it has also assessed the microenvironment for this business in the modern period and the measures that it has taken to tackle with the issues faced.
2INDUSTRY PRACTICUM REPORT Table of Contents 1. Introduction............................................................................................................................3 2. Discussion..............................................................................................................................3 2.1. Company Background.....................................................................................................3 2.2. Analysis of the company in context to the studies topics in the modules of this course3 2.2.1. Strategic goals and structure of the organisation.....................................................3 2.2.2. Organisationâs culture..............................................................................................4 2.2.3. Level of Communication..........................................................................................5 2.2.4. Leadership in the organisation.................................................................................6 2.2.5. Teamwork in the organisation..................................................................................6 2.2.6. Motivation in the organisation.................................................................................7 2.4. Areas for improvement...................................................................................................7 2.5. Business Environment Analysis (Porterâs Five Forces)..................................................8 2.5.1. Threat of entry..........................................................................................................8 2.5.2. Industry Rivalry.......................................................................................................8 2.5.3. Bargaining power of the suppliers...........................................................................8 2.5.4. Bargaining power of the buyers...............................................................................9 2.5.5. Threat of substitutes.................................................................................................9 3. Conclusion..............................................................................................................................9 References:...............................................................................................................................10
3INDUSTRY PRACTICUM REPORT 1. Introduction The main aim of this reflective report is to critically analyse the chosen industry placement organisation, i.e., the Regent Park Resort within its microenvironment. It would contextualise the theories and principles that I have studied in this course along with my other prior learning courses to this company. Firstly, I shall be giving a brief background of the company and would analyse it in context to the studied topics in the modules of this course, applying different theories and principles to the analysis. Thereafter, I shall be identifying and motivating the areas for improvement in context to my findings from the analysis of the company. Lastly, I shall be analysing the business environment for Regent Park Resort using the Porterâs Five Forces framework. 2. Discussion 2.1. Company Background As stated earlier, the name of my organisation where I worked as an Assistant General Manager (AGM) is Regent Park Resort. It is one among the most beautiful three star hotels present in Sylhet city of Bangladesh. It is widely regarded as an eco-friendly resort with a very calm and eye-soothing atmosphere with lots of garden, lakes and ponds all around. It was earlier known as âThakur Bariâ. It was an old home from the British period that has been redesigned as a beautiful 3-star resorts. It is located at Silam, South Surma, Sylheet. 2.2. Analysis of the company in context to the studies topics in the modules of this course 2.2.1. Strategic goals and structure of the organisation The strategic goal of this resort is to provide all its customers, clients and guests with an outstanding lodging services and facilities that they are likely to remember throughout their life. All the organisational managers and the role players of Regent Park Resort work
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4INDUSTRY PRACTICUM REPORT hard to meet these goals and to build successful brand image and awareness throughout the world. The organisational structure of this resort is divided into 12 different segments and they include- ï§Front Office ï§Housekeeping ï§Beverage department ï§Catering ï§Food and beverage department ï§Human Resource Department ï§Gaming department ï§Security ï§Leisure and Entertainment ï§Maintenance ï§Sales and Marketing ï§Finance From my Module 1, I have learnt about many different concepts on the strategic goals, hospitality structure and organisational structure. I have also understood about the different levels of goals along with their importance. I have learnt that it is a companyâs mission statementthatshowcasetheexternalmessageandtheallothertactical,strategic, organisational goals showcase the internal message of the company. It is also to mention that the whole process of planning starts with the mission statement that defines the basic aim of the organisation addressed to the external audiences.
5INDUSTRY PRACTICUM REPORT 2.2.2. Organisationâs culture While having a close look at the working culture of Regent Park resort, I understood that the resort focuses on the maintenance of a healthy and safe working environment for its staffsoremployees.Itisaimedatdevelopingaworkingculturethatfocusonthe achievements of the workplace (Lee, Hallak & Sardeshmukh, 2016). As per what I have learnt in Module 2, an organisation strives for maintaining a work standard. According to Draft and Samson (2014), unsafe working culture has been proved to be dissuading the staffs from working in efficient and proper way. With the same, I have also learnt that negative workingenvironmenthavethepotentialof hamperingtheorganisationaldevelopment (Bhavani, 2013). Also, festivals too play an important role in fostering the working culture. Regent Park Resort take into consideration Eid-ul-Fitr to further its organisational culture by providing offs and leaves to the employees. 2.2.3. Level of Communication It is the role of the organisational managers in the Regent Park Resort to impart and communicate about the different strategies and changes throughout the organisations with the staffs and other members of the hotel. However, it is to note that channels of communication that are used by the staffs and managers in the organisation are weak and they do not consider the workersâ point of views. It is the management alone that take the important decisions in the organisation and they do not even include the employees in the decision making process. Furthermore, though the resort have huge number of guests, employees often were found to get angry and disorganised at certain times. They do not exhibit proper body language with the clients and guests. From my module 3, I have learnt about the various forms of communication and the most significant of all to me is the horizontal communication. It is a key factor in attaining success in the contemporary scenario and is an intradepartmental system of problem solving (Kim, Magnusen & Andrew, 2017). In Regent Park Resort, there
6INDUSTRY PRACTICUM REPORT are several guests who visit from various different parts of the world and belong to various different backgrounds and this is why communication in the place needs to be very strong and effective. 2.2.4. Leadership in the organisation Being the Assistant General Manager of the Resort, it was my duty to ensure that there is always a positive, productive and valuable working environment present within the company.I was given the responsibility of leading a team of 8 members and to ensure that the works and activities are all aligned with the organisational vision of the Resort. I therefore used to motivate by team members to work effectively and to always work collaboratively for achieving the desired goal. I am always a people-focused individual and this became more vibrant from the style of leadership that I have followed. I always tend to follow democratic leadership where I made sure to involve all my peers to take part in the process of decision making. I used to give all them the chance of participating in the process and exchanging their ideas to demonstrate their areas of skill and specialities for improving the organisational performance. I would like to mention about the emotional intelligence that has helped me in playing my job role in emotionally intelligent way in order to ensure that I am meeting the needs of my staffs. Through my course (module 4) I have learnt about different styles and characteristics of leadership and emotional intelligence (Mathew & Gupta, 2015). I have also learnt of the fact that relationship management, self-regulation and empathy are the core of effective leadership and the pillars of emotional intelligence. 2.2.5. Teamwork in the organisation Throughout my serving at Regent Park Resort I have learnt many things about team working. I have learnt that team working is very essential for meeting the organisational goals and mission (Hanaysha, 2016). It is to note that team cohesiveness is the most essential aspects of an organisation. At Regent Park Resort, I have noticed a gap in between the staffs
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7INDUSTRY PRACTICUM REPORT and employees. As the level of communication is poor here, the employees and staffs also hesitate to work collaboratively in effective manner. Being the AGM of the Resort I therefore, initiated a group discussion and also worked towards conducting team activities. I made sure to involve all the team members in the activities of decision making and asked their opinions on different topics and matters. From my module 5, I have learnt that group discussion is an integral part of an organisation. I chose to divide the work among the ten members of my team by dividing the role of housekeeping and bookings among 5-5 members. It is to mention to ensure effective team work, motivation to do so is very important. Therefore, I decide to motivate my team members by introducing reward and recognition system for them. 2.2.6. Motivation in the organisation I must say that the level of motivation in Regent Park Resort is very low, which resulted in low individual productivity. Due to this the business performance of the hotel was degrading with each passing days. With the same, this has also led to the high rate of employee turnover in the organisation with lower levels of employee engagement and poor communication (Raina & Roebuck, 2016). From my module 6, I have learnt about several different ways of motivating employees including intrinsic and extrinsic rewards, focusing on the employees needs and have also learnt about the process theories of motivation. It is to note that the behavioural and psychological processes that motivate a particular person for acting in a specific manner is called process theories of motivation. It examines the needs that influence the employee behaviours for achieving a goal in relation to those needs. 2.4. Areas for improvement a) Communication- In Regent Park Resort, there are several guests who visit from various different parts of the world and belong to various different backgrounds and this is why communication in the place needs to be very strong and effective. For this purpose, the
8INDUSTRY PRACTICUM REPORT employees working in the organisation need to be provided with training and development process in order to develop good communication skills among them. Here, they must be taught of the important of effective communication and exhibiting calm and understanding attitude for dealing with the guests. b) Motivation and empowerment- there is low level of motivation among the Regent Park Resortsâ employees. The company should therefore, work hard to assess and identify the factors that influence their behaviour, level of motivation and that empower them to become productive in the workplace. In order to do so, the managers at Regent Park Resort could use the Maslow Hierarchy of Needs theory. It is five tier model of needs of human beings. 2.5. Business Environment Analysis (Porterâs Five Forces) 2.5.1. Threat of entry The new entrants in this lodging brings in innovation and some new ways of doing business but at the same time, they also put pressure on the Regent Park Resort by means of lowering the pricing strategy and reducing the costs (Manning et al., 2018). With the same, they also provide new value propositions to the customers. The company therefore, needs to manage all these challenges in order to build some effective barriers for safeguarding its competitive edge over the rivals. 2.5.2. Industry Rivalry Regent Park Resort operates its business in a highly competitive lodging industry. Bangladesh is a country where such three stars hotels are present in multitude (Camison et al., 2016). However, it is one of the three most beautiful three-star hotels in Bangladesh. The competition does take a toll on the overall long term organisational profitability. Regent Park Resort build some sustainable differentiation like being eco-friendly resort to tackle this issue.
9INDUSTRY PRACTICUM REPORT 2.5.3. Bargaining power of the suppliers Near about every companies in this industry purchase their raw material from several suppliers. The suppliers present in the dominant position could decrease the margins that the Regent Park Resort could earn in the market. The powerful suppliers in this sector make use of their power of negotiation for extracting higher prices from the other organisations present in this field. However, it is to note that the overall influence of the suppliersâ bargaining power is that it decreases the overall profitability of the lodging. 2.5.4. Bargaining power of the buyers Buyers are demanding in this industry. They always want to purchase the best offerings that are available by means of paying as minimum as possible (Katsoni, 2019). This again puts a significant pressure on the profitability of the Regent Park Resort in a long run. The smaller the customers, the higher are their potential of increasing offers and discounts. Regent Park Resort always try to build a large customer base to tackle this power of buyers. 2.5.5. Threat of substitutes The threat of substitute for Regent Park Resort is high if it offers a value proposition that is highly different from the current offerings provided by the industry (Gurlek & Tuna, 2018). The company tackle this situation by means of being service oriented instead of product oriented and by seeking to understand the core needs of its customers instead of why customers are buying from it. 3. Conclusion Hence, from the above analysis it is to state that Regent Park Resort is operating effectively within its industry. However, it is facing some challenges in terms of effective communication among its workers that further is leading to bad customer experience. Also, the motivational level of workers within the organisation is also very low that is leading to
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11INDUSTRY PRACTICUM REPORT Hanaysha, J. (2016). Examining the effects of employee empowerment, teamwork, and employee training on organizational commitment.Procedia-Social and Behavioral Sciences,229, 298-306. Katsoni, V. (2019). Sharing economy perspectives in the tourism accommodation sector. InMediterranean Cities and Island Communities(pp. 283-297). Springer, Cham. Kim, S., Magnusen, M., & Andrew, D. (2017). Sport team culture: investigating how vertical and horizontal communication influence citizenship behaviors via organizational commitment.International Journal of Sport Psychology,48(4), 398-418. Lee, C., Hallak, R., & Sardeshmukh, S. R. (2016). Innovation, entrepreneurship, and restaurant performance: A higher-order structural model.TourismManagement,53, 215-228. Retrieved fromhttps://fardapaper.ir/mohavaha/uploads/2017/10/Innovation- entrepreneurship-and-restaurant-performance-A-higher-order-structural-model.pdf Manning, C., deRoos, J., O'Neill, J. W., Bloom, B. A., Agarwal, A., & Roulac, S. (2018). Hotel/Lodging Real Estate Industry Trends and Innovations.Journal of Real Estate Literature,26(1), 13-41. Mathew,M.,&Gupta,K.S.(2015).Transformationalleadership:Emotional intelligence.SCMS Journal of Indian Management,12(2), 75. Raina,R.,&Roebuck,D.B.(2016).Exploringculturalinfluenceonmanagerial communication in relationship to job satisfaction, organizational commitment, and the employeesâ propensity to leave in the insurance sector of India.International Journal of Business Communication,53(1), 97-130.