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Assessment 3 Blog -Blog Entry for Week 9 I truly agree with the postings of my fellow classmates that it is important for managers in the modern tourism and hospitality sector to understand the external environment. This is true since understanding the external environment helps managers to better comprehend how competition is capable of affecting their respective businesses (Rahimi, 2017). This implies that managers must not only become aware of such external environments but they must also understand the competition that exists in such business sectors. This is indeed essential since their competitors in the modern tourism and hospitality industry are always seeking for ways of gaining market shares at their expenses (dos Santos, Méxas & Meiriño, 2017). In addition to the above, it is therefore the responsibility of modern managers in the tourism and hospitality industry to continuously look for viable mans that will ensure that the market shares of their respective businesses are effectively enhanced (Idrees, Vasconcelos & Ellis, 2018). That apart, knowledge by such managers regarding what the competition is capable of doing especially based in terms of the product mix, sales promotions, customer initiatives, and general pricing by modern managers in this industry is prudent. This is due to the fact that it will help such business entities to ensure that they have effective policies and programs that can make them effectively compete with such position. References dos Santos, R.A., Méxas, M.P. and Meiriño, M.J., 2017. Sustainability and hotel business: criteria for holistic, integrated and participative development.Journal of cleaner production, 142, pp.217-224.
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Idrees, I.A., Vasconcelos, A.C. and Ellis, D., 2018. Clique and elite: inter-organizational knowledge sharing across five star hotels in the Saudi Arabian religious tourism and hospitality industry.Journal of Knowledge Management. Rahimi, R., 2017. Customer relationship management (people, process and technology) and organisational culture in hotels: Which traits matter?.International Journal of Contemporary Hospitality Management,29(5), pp.1380-1402.