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Assignment Solved on Hospitality Industry

   

Added on  2021-02-20

1 Pages692 Words27 Views
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Now a day hospitality industry is growing very fast which is beneficial for both industry aswell as country. This is so because through it company able to expand its business atinternational level and country able to enhance its economy. Nearby 10 % is contributed byrespective industry in GDP of world economy. Along with this, hospitality industry alsogenerates employment for candidates at local, national and international level. There isvariety of huge hotel, which is operating its business at international level such as Marriott,Hilton, Radisson Blu and so on. There are approx. 15 % employment is generated byhospitality industry at worldwide level which help peoples in improving their lifestyle. Thiswill also help in increasing national income of the country in effective manner. It is possiblebecause of number of food chain business opening such as Burger King, KFC, McDonaldand many more.In every organization both operational and functional departments are necessary because theyconduct their work in effective manner which leads to attainment of target and profitability.Along with this both the departments are interrelated with each other so that they accomplishwork effectively. For example, in Radisson Blu event is going to organized so in this case boththe departments conduct planning and conducting work in effective way through which theyable to attain their goal as well as objective properly.Global growth, franchising and licensing contribution in economy growthWhen a company its business at international or national level they able to increase itsprofitability ratio as well as they also able to expand economy of country by improving standardof living of population. An organization can expand its business through various methods suchas franchising, licensing and so on. Through these methods company able to generateemployment which leads to enhancement in economy of country in effective manner.Interrelationships of operational and functional unitsContribution of hospitality industryContemporary Hospitality Industry
Assignment Solved on Hospitality Industry_1

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