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Management Assignment | Effective Management Essay

   

Added on  2020-06-06

8 Pages2820 Words123 Views
Essay

Table of ContentsINTRODUCTION...........................................................................................................................1Essay.......................................................................................................................................1CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONThe Porter five force model helps in effective management of the various operations thathelps in the effective management of the various operations of an organisation. The power ofbuyer and the threat of substitutes is the two most important constituent part of the Porter's Fiveforce model (E. Dobbs, 2014). For this report, High End Hotels as the organisation of context.This report will focus on its high standards that are been required to be followed by High EndHotels. Besides this, the report will lay emphasis on the power of the buyer or the customer ofthe company and the threats it possesses due to substitution in UK market.EssayIn the recent time the High End hotel companies had faced the stiff competition fromvarious competitors in the market that had affected the profitability and customer satisfactionalong with the market base that has laid a deep impact on the revenue generation of the company.Other than this, the entry of new competitors giving better substitute of the services to thecustomer's as compared to that of High End hotels. The various factors that are been described inthe Porter's Five Force model, such as the power possessed by the buyers or threat of substitutionthat plays a crucial role in executing of the various business operations and the will help the citedfirm to expand its business in the UK market. The competitors and customers of a business lay avery deep impact on the various operations that helps the company to alter its work processesand maintain its productivity and profitability in the company that helps the company to meet therequirements of its customer's in a very effective manner (Mathooko and Ogutu, 2015).The two major business affecting factors and their effect is as follows:Power of Buyer: The buyers or the customers of the company lay a very deep impact on theeffective execution of the management of the various operations in the company. The customer'sperspective and their purchasing power or number impact the prices and the services of the citedbusiness firm. As the Marriott is planning to expand its business in the UK's market, and want toopen a high standard hotel in UK. This help the cited firm to meet the requirements of thecustomers in a very effective manner and increase its profitability and productivity by providingthe customers with the effective services and products from the company (Greenspan, 2015).Other than this, the effective management of the various operations helps the company to meetthe requirements of the company and fulfil the needs and demands of the customer's. As the HighEnd hotels want to establish a 5 to 7 star hotels in UK, it must take into consideration the1

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