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Review the interrelationships of operational and functional

   

Added on  2021-02-20

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Review the interrelationships of operational and functional unitsIn every organization operation and function department is necessary because theyhelp in conducting work in effective manner. When respective departments conducttheir work properly, company able to attain their goal as well as satisfyingcustomers in proper way. Along with this, operational and functional departmentare interrelated, which help in conducting work properly. Such as if, Radisson Bluis organizing an event so in this functional department plan all the activities as wellas budget, which are required to conduct event successfully. After planningoperational department conduct work in order to execute plan effectively that leadsto accomplishment of work in proper way.Use of franchising and licensing agreementsEvery organization want to expand its business at international level becausethrough it they able to enhance high profitability, market shares, customer's ratioand many more. So in order to grow globally company may adopt various methodssuch as franchising, licensing, partnership and so on. Through franchising as wellas licensing hospitality industry able to expand their business in internationalmarket. In this, they mainly provide authority to another party to sale their productson their name and logo. Through this, company able to develop their presence atvarious country which help in enhancing customer's base as well as profitabilityratio.Contribution of hospitality industry to local, national andinternational economies:Hospitality industry is a fasting growing business, which provide opportunities toothers to expand their business at international level. This industry make easy tovisitors to travel from one to another and stays there effectively (Gin, Kwon andKim, 2013). This industry contribute near about 10 % to the GDP of world. Therespective sector is growing rapidly and developing its presence at worldwide i.e.international, nation and local level. There are various hospitality companies,which are operating at international level such as Radisson Blu, Marriott, Hiltonand many more. By analysing data, it is evaluate that there are approx. 699 millionvisitors travel and visit to diverse places, which help country in growing theireconomy. Along with this, they also help in generating employment for local,national and international peoples such as in United Kingdom near by 12 %employment is generated through hospitality industry. The main reason behindthis is fastest growing of food as well as hotel chain such as Burger King, KFC,Hilton, Radisson Blu, Pizza Hut, McDonald’s and many more. This will also helpin generating employment as well as enhancing economy of country. Through thisinternational economy, get increase, which also help, in improving livingcondition of populations.CONTEMPORARY HOSPITALITY INDUSTRY
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