This essay explores the principles and practices of strategic management in the hospitality industry. It discusses the process of corporate strategy formulation, challenges of implementation, and the effectiveness of implementing corporate strategy. It also examines models and analytical tools used in strategic management. The essay provides insights into the strategic management practices followed in the hospitality industry and highlights the importance of strategic management in achieving organizational goals. Subject: Strategic Hospitality Management, Course Code: N/A, Course Name: N/A, College/University: N/A, Document Type: Essay, Assignment Type: N/A