Strategic Planning for the Hospitality Industry

Strategic planning for the
hospitality industry

Table of Content
Introduction
Analyse of strategic direction
Porter's five forces
Internal and external environmental factors
Strategic options
Conclusion
References

Introduction
The term strategic planning is explicated as an art of
formulating and generating specific business strategies
for implementing them in different departments of the
organisation. Organisation goals and objectives are
accomplished by the implement of appropriate strategy.

The term strategic direction refer to the action that are
undertaken by The Hoxton, Shoreditch Hackney,
London for accomplish of organisation goals and
objectives in a stipulated time period. Along with this
strategic direction include the plans and action that are
implement by management to build better future of
organisation.
Analyse of strategic direction

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Types of strategy
 Operational strategy- Strategies are defined as a
part of functional level and it is designed by
management to enhance the efficiency of
business operations. With an effective operational
strategy marketing, HR and production strategy
of business are improved that leads management
to gain better position in market.

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In the context of The Hoxton, Shoreditch Hackney, London
mission and vision of company are discussed as below:
Mission:
The mission of The Hoxton, Shoreditch Hackney,
London is to work with open house to demonstrate the
meaning of diversity and originality among the street and
scene to generate positive environment within business.