Strategic Planning for the Hospitality Industry

STRATEGIC PLANNING FOR THE
HOSPITALITY INDUSTRY

Table of Contents
INTRODUCTION................................................................................................................................3
MAIN BODY.......................................................................................................................................3
Critically analyze the components that impacts on successful implementation of strategies on
business functions............................................................................................................................3
Analyze and evaluate differed performance metrics of chosen organization that impact the
effectiveness of business strategies..................................................................................................5
Critical evaluation on key elements to manage strategic change and leading types.......................7
REFERENCES...................................................................................................................................10

INTRODUCTION
Strategic planning termed out as process in which leaders of the organization determine their
vision for the future and also identify the goals and objectives to entity (Ge and Li, 2019). Setting
up the strategy aids to create the mission, values and vision objectives. This is defined as
management activity that mainly used to set priorities, focus, energy and also aids to strengthen the
operation within business activities.
The present report is based on business activities of hotel Hilton, It is global leading brand
that is engaged in hospitality services. This is an American multinational hospital company that
manages and franchise a broad portfolio of hotels and resorts.
Furthermore, report will cover the things as critically analyze on the factors that affects the
successful implementation of strategies, evaluation will be conducted on different performance
metrics of chosen organization, depth evaluation will be undertaken in managing strategic change.
MAIN BODY
Critically analyze the components that impacts on successful implementation of strategies on
business functions.
Business strategy defined as long term plan that is mainly designed to accomplish the long
term plan to achieve particular goals and set objectives. Therefore, impacts of implementation of
strategies on business functions defined in following manner as are-
Leadership- This is defined as process of social influence that maximize the efforts of others
towards to accomplish the enterprise goals. Effective leadership is mainly based on business ideas.
As per the view of Hsieh, Ma and Novoselov, (2019) stated that strategic management defines as
arrangement of the decision and activities that results into devising, execution and control of plans
that helps to accomplish an association mission, vision and vital goals in business setting. It is
defined as process that helps to lead the change in the proper direction and this also helps to gain
competitive advancement within the enterprise. The process of the leadership has the responsibility
that teach and practice the values and corporate culture. In contrary to Galpin, (2019) stated that
Leadership is the set of the behavior that enforce the people formulate the goals of the
organizational. At the time of strategic implementation the working of the organization impacts the
hardly as affects the all over change within the enterprise. In contrary to Garcia-Swartz and
Campbell-Kelly, (2019) stated that implementation plays crucial role in the formulation of plan of
action as this aids to gain the competitive advancement.