logo

Report on Managerial Decision Making - MSIN0031

14 Pages2841 Words71 Views
   

University College London, University of London

   

Managerial Decision Making (MSIN0031)

   

Added on  2020-03-13

About This Document

MSIN0031 - The scope of the report isto recommend better managerial decision making to the management of the organisation that the organisation will be able to improve its business activity that in turn will help to increase the productivity and profitability of the organisation. In order to do so, a detailed analysis of the problems and issues faced by the organisation will be taken into account and the best suitable solution will be proposed that would eventually help in improving the present situation of the hotel.

Report on Managerial Decision Making - MSIN0031

   

University College London, University of London

   

Managerial Decision Making (MSIN0031)

   Added on 2020-03-13

ShareRelated Documents
Running head: MANAGING DECISION MAKING MANAGING DECISION MAKINGA case study of Pan Pacific Perth, AustraliaName of the Student:Name of the University:Author Note:
Report on Managerial Decision Making - MSIN0031_1
MANAGING DECISION MAKING1Executive Summary:The scope of the report is to recommend better managerial decision making to the managementof the organisation that the organisation will be able to improve its business activity that in turnwill help to increase the productivity and profitability of the organisation. It has been observedthat the 5 start hotel is facing issues in terms of employee handling. The rate of employeeturnover has increased in the recent time. Employee turnover is the percentage of workers wholeave an organisation and are replaced by the new employees. It results in the loss to thecompany because the cost of hiring of new employees is directly added to the budget of thecompany. Among the above proposed solutions, the best suited solution is the incentive basedmonetary benefits to be given to the employees of the organisation. In this way, there will be theopportunity from the management to ask the employees to work more, given that they will bepaid for the extra effort they put. The plan could be easily implemented within 3 months’ time. Itis expected that the hotel would improve its business activities if these are followed by the teamof management.
Report on Managerial Decision Making - MSIN0031_2
MANAGING DECISION MAKING2Table of Contents1. Introduction:31.1 Overview of the company:31.2 Objectives and scope of the report:32. Problem background and problem definition:42.1 Issues faced by the organisation:42.2 Analysis of root cause:42.3 Stakeholders affected:53. Solution generation:54. Solution evaluation:85. Implementation and action plan:96. Conclusion:11References:12
Report on Managerial Decision Making - MSIN0031_3
MANAGING DECISION MAKING31. Introduction:1.1 Overview of the company:Pan Pacific Hotels and Resorts are the luxury hotels, resort and suites operating acrossAsia, North America and Oceania. The hotel is headquartered at Singapore. The Pan PacificHotels became the founding member of the Global Hotel Alliance and became the independenthotel brand that is spread in over 76 countries (Olafsen et al., 2015). Pan Pacific Perth is a 5 starluxury hotel in Sydney, Australia well known for the customer service and the good experiencethat the visitors enjoy during their stay in the Hotel. 1.2 Objectives and scope of the report:The main objectives of the report re:i.To identify the major issues and challenges faced by the management of the organisationin the recent timeii.To critically analyse the factors that hampers the productivity of the organisationiii.To recommend better managerial implementation strategies that would improve theproblems and challenges faced by the organisation.The scope of the report is to recommend better managerial decision making to themanagement of the organisation that the organisation will be able to improve its business activitythat in turn will help to increase the productivity and profitability of the organisation (Nie et al.,2015). In order to do so, a detailed analysis of the problems and issues faced by the organisationwill be taken into account and the best suitable solution will be proposed that would eventuallyhelp in improving the present situation of the hotel.
Report on Managerial Decision Making - MSIN0031_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
The Developing Managers Assignment - Hilton Hotel
|12
|4130
|38

Impact of high staff turnover on organisational performance: Study based on Hotel Sofitel Auckland
|9
|1644
|340

The Contemporary Hospitality Industry
|16
|4315
|126

Tourist Resort Management
|16
|5906
|99

Employability Skills of Travelodge Hotel
|19
|6103
|70

Tourist Resort Management
|12
|4294
|56