Table of Contents Contents INTRODUCTION...........................................................................................................................1 1.MAIN BODY.........................................................................................................................2 Apply methods for analysing external business environment................................................2 Analyse how a hospitality and tourism business environment changes.................................8 Criticallyevaluatehowchangesinthebusinessenvironmentaffectthestrategyofa hospitality and tourism operator...........................................................................................12 CONCLUSION..............................................................................................................................15 REFERENCES..............................................................................................................................16
INTRODUCTION Tourism is considered to be travel for the pleasure of a person. It includes a couple of services in this such as accommodations, entertaining services to the tourist such as various sporting activities, adventurous activities etc. The tourism includes various businesses such as it leads to the development of the hotels, tour and travel companies, restaurants and many more. Tourism can be at national level or at international level it depends upon the taste of the tourist and the level of attraction of the destination present in the country. According to the world tourism organisation the tourism is defined as an act of travelling from one place to another with the aim of recreational or leisure purpose along with various supportive services that are must while travelling(Moutinho, 2018). Tourism contributes a lot in the overall development of the economy as it provides sources for the income generation with the visiting of the people of different countries and their spending. Also due to this a large number of employment opportunities are generated for the local people as with the development of the businesses they have to recruit more people. To promote the tourism significant steps are taken by the governments of the countries so that they can attract a large number of people towards the destinations in their country. With the changing taste and preference of the customer significant changes are taking place in the services that has been offered to the customer as well as the types of activities that are undertaken at the destination. The youth prefers to visit to the places famous for history and culture but are also attracted to the places which are adventurous. This has developed the concept of dark tourism which is associated with the travelling of the individuals to the places which are historically related with the deaths and tragedies. The attraction to the places which are part of dark tourism includes the historical values of them not the deaths and the sufferings of the people. In this report the destination which is considered is London Dungeons which is part of Merlin group. They provide an experience to the customers of the light hearted version of the history of London. London Dungeons attracts the customers throughout the world for their ability to present the historical events in a gallows humour style which includes live actors coupled with special effects and various rides. They want to expand their market share by focusing upon the marketing strategy. To support this, the report includes the analysis of the externalfactorsandtheenvironmentalchangesalongwiththeirimpactontheLondon Dungeons. In addition to this the critically analysis of the environmental changes is discussed so 1
that they can determine the strategies accordingly that can facilitate them in accomplishing their organizational goals. 1.MAIN BODY Apply methods for analysing external business environment For the organization it is crucial to analyze the impact of various external market factors as they have direct influence on the performance of the organizations. The external factors includes all theirs factors which cannot be controlled by the management of organization but for managing its impact nod influences it is important for them to determine their ability to have an impact on operations. The external environment can be classified as macro environment factors and micro environment factors(Morrison, 2018). Various macro factors include the political factors, economic factors, social factors, technological factors, legal factors and environmental factors. The success of the company is dependent upon the ability of the organization to adapt such changes. The micro environment includes those factors which can be controlled by the organization and also has direct influence on their performance. Such factors include suppliers, customers, marketing intermediaries, financiers and public perceptions. The analysis of the external business environment for London Dungeons is given below that can be done with the help of analysis of various micro and macro factors as well as analysis of various other business related factors. Macro factors can be analyses with the help of PEST factors which are given below: Political factors: Political conditions in UK are quite stable due to which it is an opportunity for the travel and tourism organisations to expand your business as well as it has positive impact on the potential customers because frequent changes in the policies affect the conditions to travel to the country. Transportation infrastructure of the country is effective and efficient as the government has significant plans for their development. Such as land has been provided for the expansion of the airports, the availability of red Double Decker buses is ensured so that the experience of the tourist can be enhanced. For encouraging more number of tourist the UK government has reduce the visa fee which has positive impact on the organization operating in tourism industry. With a growing awareness of green environment various policies are imposed on the organization to manage the impact of where operations so that the environment can be protected. Such 2
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implication has impact on London Dungeon as it increases implications that they have to comply with. This increases the burden on the management to manage such implications. Economic factors: Most of the countries throughout the world have been suffering from recession due to which purchasing power of the individual has decreased and this has affected the travel and tourism industry adverse meaning. But the exchange rate of pound to other foreign currency is not that strong due to which the visitor can plan their trip to UK as they have to spend lesser than before. This has a positive impact on London Dungeon as with more number of visitors they can attract more people to the destination. But the increasing inflation and the seasonal issues also effect the business operations such as inflation increases the prices of the goods and services due to which has to spend more on the commodities which ultimately increases their travelling cost while the planning to travel is based upon the season or the holidays of the students and individuals (Medlik, 2016). The inflation can adversely affect London Dungeon as this will affect the choice of the customer and the seasonal influences sometimes offers opportunity as customer increases while on the other hand it effectsadversely when number of customers decreases. Social factors: The changing taste and preference of the people directly affect the operation of the organizations in any industry. To travel to different destinations has become trendy among the youth as they are inspired by social media platforms and their own social groups. This trend among children and youth has positive impact on London Dungeons as with better promotional activities they can easily attract them.In addition to this with increasing consciousness towards safety and security the people tends to travel to the countries which are safe from crime and other activities. UK is considered to be quite safer for the tourist due to whom a large number of people visit there offering various opportunities to the travel and tourism organization operating there. On the other hand various social events organized in UK such as cricket World Cup, commonwealth games etc.attract lot of tourists that offer opportunity enhances share market for London Dungeon. Technological factor: With the increasing use of the internet for making online bookings of transportation, accommodations, and other destinations the travel and tourism industry has seen significant growth. London Dungeon also offers an online booking system for 3
them due to which the time of the customers is saved so that they can utilize it for other destinations. This has a positive impact on the behavior of the customers towards them. In addition to this with the increasing use of internet, people gather information about the destinations through travel blogs which is an opportunity for London Dungeon to promote their business through travel blogs on the internet and on various social media platforms(Altin, 2018). Legal factors: In the tourism it is crucial to focus upon various legal factors for the organization. The consumer has to take visa before travelling around the world which is quite lengthy and time consuming legal process. This affects the interest of the customers to visit the country strict norms for Visa. But the government of UK has reduced the fee for Visa as well as the process is not much lengthy. This has positive impact on the London Dungeon as with this more tourists will be attracted to the nation so to the London Dungeon as well with better promotional activities. Environmental factor: With the increasing consciousness for the environment various laws are imposed by the government protecting the environment and to manage the impact of the organization on environment. To protect various beaches and coral reef various waste management implication are imposed on nearby restaurants and hotels. This creates positive impact on the customer due to which they contributes to the organization in managing pollution and other destruction. This will enable London Dungeontoattractcustomerandmanagepollutionfromtheirdestinationinthe environment along with their eco friendly practices. In addition to the understanding of these factors it is important to take into consideration various macro environment trends so that while formulating policy each and every aspect hospitality and tourism is considered. Various macro environment trends that have impact on London Dungeon includes: Unpredictable change in the weather has impact on the visiting of the tourist also it forces organization to update their infrastructure so that impact can be managed(Inkson and Minnaert, 2018). There are various descriptive forces such as people adopt various travelling packages which include all the services and this affect individual service of hotels in other destinations as customer visit to the pre-decided place as per their packages. 4
The income inequality among the travelers has a severe impact on London Dungeon as due to this, they faces an issue related to the prices of the tickets. Most of the travelers to UK are from Asia and they have significant income inequality due to which their policies get affected. On the basis of the analysis of macro factor it is identified that the London Dungeon has opportunity to expand their market within the nation by attracting more customers which there promotional activities. The political, economic, technological, social, legal and environmental factors are in favor of the development of the tourism in UK as it contributes a lot to the development of the economy. This will offer opportunity to them as well as they will have a large number of tourists available in the country that they can attract with the concept of dark tourism that reflects the history of London in a humorous and style. In addition to the analysis of macro environment, various factor of micro environment is also to be analyses by the organizations operating in travel and tourism industry. It consists of various forces that are very close to the organization and affect the services to the customer such as the capital structure, capabilities of management and staff, the suppliers, stakeholders, customer market etc. Better understanding of these factors enables the organization such as London Dungeon to manage their strategies and policies of operations(Cheer, 2017). The analysis of various micro factors is given below: Capital structure: This enables to understand how the finance is used and is allocated among different activities of the organization. Also with this the sources of funds can be identified and planned so that effective marketing programs can be organized by them. Resources: With the help of resources available with the organization they can take competitive advantage over others either by way of cost strategy or differentiation strategy. The resources of the organization can include patents, trademarks, intellectual capital, installed customer base, battle brand equity etc. London Dungeon unique image in the eyes of the visitors as it is based upon the concept of dark tourism and significantly attracts the customers was there differentiated services to the customer. The ambient so developed by them in terms of special effect and rides enhances the experience of the customers and thus gives them competitive advantage. Capabilities: It can be defined as the ability to utilize the resources which are held by the organization. London Dungeon has efficiently utilized their resources as the ambience that they 5
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have developed is efficient enough to attract the customers easily. With the help of resources and capabilities distinctive competence is developed by them that enables them to offer quality and customerresponsivenesswithinnovationandefficiencyduetowhichtheycouldtake differentiation advantage over other destination inUK(Kim, 2016). Marketing intermediaries: The suppliers have impact on the operations of the organization as they ensure the availability of the material with which final services can be provided on time to the visitors. The supplier in the tourism amenities exert pressure on the businesses because if supplier fails to supply or resist to supply the final services can be affected. In context of London Dungeon can be analyses that the supplier has significant role to play as consistent supply of electricity, better supplies of software,delivery of maintenance products enables them to provide uninterrupted services to the tourists. Analyzing competition: It is important for the organization to analyses the competitor by conducting an assessment of their strengths and weaknesses for both current and potential competitors. With this it can be determined that whether the organization should follow offensive or defensive strategy for identifying the opportunities or threat in the market. The identification is in context of route network, timing, quality of the services, cost of operation etc. For managing the competition various generic strategies need to be focused by the London Dungeon such as cost leadership, differentiation and focus(Mir, 2019). They feature 19 shows with twenty actors and two rides that facilitate the visitor to go through a journey of 1000 year of the history of London. This is a unique experience for understanding the history which gives a significant competitive advantage to them over others. On the basis of these micro factors, it can be identified that they have significant ability to manage their operations and to take competitive advantage over others. To London Dungeon both micro and macro factors are favorable which implies that they can focus on their marketing strategies. On the basis of prevailing economic factors the pricing strategies can be formulated while on the basis of social and technological factors various promotional activities can be planned such as social media network, direct marketing etc. All such decisions can be taken by them by analyzing their resources and capabilities along with their capital structure which is favorable for undertaking various marketing strategies to attract a large number of customers. Atthetimeofanalyzingtheexternalbusinessenvironmentitisimportantforthe organizations to take into consideration their performance as well. The performance of the 6
organization can be defined in terms of the quality of the services that has been offered to the customers. In addition to this analyzing the benchmarking the organisation can analyse the impact of various factors and various strategies to meet with them. For achieving the objectives LondonDungeonneedtofocusupontourismbenchmarkinginUKaswellasvarious performance indicators so that they can attract a large number of customers. Tourism benchmarking: Benchmarking is considered to be a continuous process with the help of which product, services and practices can be measured against the offerings of the toughest competitive. With this a snapshot of performance can be gathered by the organisation so that they can take competitive advantage by planning efficient strategies for them(Tribe, 2016). The regional tourist board has developed various National benchmarking schemes with which the performance can be compared against similar destination in the country in context of opinions,level of satisfaction etc. With the help of this the London Dungeon can determine the financial support both internally and externally, the corporate action to be taken to manage the impact of competitors as well as market forces, to develop various marketing strategies creating awareness among the customers etc.The tourism benchmarking that is undertaken by the government of UK provides a baseline with the help of which the performance on the basis of different activities so that improvement plan can be developed by the organisation. Tourism indicators: In addition to the benchmarking it is important for the organisation to take into consideration various indicators that affect the behaviour of the tourist while travelling. For monitoring the performance efficiently it is important to consider four themes such as economic, satisfaction, environmental, unity and social. With the help of these themes various factors crucial in the tourism and hospitality industry in context of visitors can be identified. The economic themes enable to understand the expenditure done by the visitor on accommodations, food, shopping; number of days they are staying back at the destination etc.And on the basis of this the London Dungeon can set up their price of the ticket so that it can be afforded by the visitors easily(Jiang, Ritchie and Verreynne, 2019). The satisfaction theme facilitates to understand the factors that can satisfy the customer such as the ambience of the destination, the customer services, facilities available to the customers at the destination etc. and with this the London Dungeon can plan the changes required in the ambience. The environmental theme will facilitate to understand the impact on the environment due to the behaviour of the customers such as dumping of the garbage etc.By considering all these factors and its impact London 7
Dungeon can plan for the improvement of the quality of their services which will enable them to improve their performance and to satisfy the customers efficiently. Analyse how a hospitality and tourism business environment changes The hospitality industry must have provide the different aspect that are more related to the environment and with that their working norms get affected by the different significant impacts of the environment. It is the industry whose working will totally dependent on the several activities as the users of the hospitality must have consume the different resources as like the energy and the water on continuous basis by which they have generate more amount of the effluents and the solid waste as well(Krstić, Radivojević and Stanišić, 2017). The hospitality industry must have include the different factor that get associated with the hotels industry, banking sector, historical tourist attractions, restaurants and many others as well and all get provide various facility and the information about the different residual that get reflected from the historical background. These hospitality industry have indulge different strategy in their business in order to gain more competitive advantage by which more suitable outcome will get received within the appropriate period of time by that in addition to this more customer or visitors will get attracted to get served the better and quality services. The survival of the hospitality industry is more relative to the different environmental aspect and under this the possible policy and strategy get used by the business in order to lead more success and induce more improvements to get managed all the activities in proper and systematic manner. In context of The London Dungeon, that is the tourist attraction and has recreated the gory and macabre events that are associated with the historical aspects with including the humour style. It is also being more relative that more of the people are more aware about their responsibility towards the taking care of the surround and also have understood its need as well. The future environment is more validating for the upcoming generation and in this the ability of the better and effective surround is more needed. There are some random aspect that are related to environment which is collaborative to the day to day live and the daily activities of a human that are will increases the level of trafficking. It is more related to the air pollution by which the green belt has been lost somewhere and the actions must have been taken with respect of the primary, secondary, tertiary effects(Pulido-Fernández and Merinero-Rodríguez, 2018). As the environmental factor has huge impact on the development and the construction of the different land projects as like the protection from the fire, safety of endangered species, archaeological 8
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artefacts, population. There are some of the adverse impact as well that has the negative impact on the development of the surround as from the industrial, infrastructural projects by which the need of the long terms sustainability will get increases that contrast the different modes which will lead to the ecological and the social damage that will arise at both level as local as well as global. By considering the different factors of environment The London Dungeon preserve their environment and add the additional efforts to satisfy the visitors and that makes them more attractive and by managing these factors they get improvises their cost and profitability. The environmental impact is more on the different activity that is performed within the business as it increases the attitude of the customer and with that indulges more responsibility on the business of The London Dungeon. As they have provides education and entertainment that are more often drives the major attraction of the customer. The London Dungeon have been worked with the dark tourism and as it has the potential of the ethical and moral conflicts as well and with that it is biggest responsibility on them to manage the dignity and the subject will matters the most which is more related to the need of the visitors(Stylidis, 2016)(Andrades and Dimanche, 2017).The tourism has been found the scalable growth all across the world and in this traditional tourism also get supported a lot by which more importance will get provided to the cultural aspect and in balance of it the profit will get enhanced. The marketing of the tourism is more related to the sustainable development by which the futurity, equality, balance in between the environmental and economic factor, participation, capacity, enhancement in quality and the compatibility, and inter generation and many others as well. More of the hospitality industry get exposes more conflict that is related to the different policies that get developed to measure the environmental concern. There are a lot of hotel and restaurants get retrieve around the cities or areas that are having the historical background and thus more facilities will get developed but in addition it will get destroy the uniqueness of the tourism. The hospitality and the tourism industry have worked with the approach that is more based on the customer centric by which the ultimate changes will get implied as per the requirement and the demand of the customers or the visitors by which more success will get achieved and with that having the major concern towards the generation of profit. In addition to this they have ensure that the customer willget more pampered and with that get needed facility with more convenience and get easy availability of different sources. In this the collection of feedback from the customer is the major 9
concept and in regard of this the different changes will get induce with more satisfactoriness as it provide more relief to the customer as well by which trust get developed. The hospitality industry and tourism are not the front line concern about the environment as they didn’t consume more amount of non-renewable resources and with that didn’t have create or cause the gross pollution as well(Scheyvens and Biddulph, 2018). These industry will have more relatively with the small operation and function as like the consumption related to the energy, water, food and in collectively have produce the minimal amount of pollutants, noise and chemical pollution etc. Thus have consider the usage of the legislation and put pressure on the consumers group to reduce the waste as much as possible and with that also takes the management of the environment more seriously. The essential impact of the environmental impact that gets generate by the hospitality industry and the tourism are as follows as: Climatic changes: It more basically get include all the changes that get associated with the nature as like the CFC emission. It will also include the wider impact that get more linked as per the global warming and has the serious impact on the vulnerability of the sources and be the epidemic of the climate change. CO2 emissions which is the related to the increment of the carbon emission and that get accelerate the change of climate and have larger impact on the biodiversity and the communities. In this the methodology or the tool named as The Hotel Carbon Measurement Initiative (HCMI) will get used to measure the amount of carbon emission and with that carbon footprint has been measured by which easy access will get provided to the tourism and the hospitality industry. It will include the pollution as well that is related to the air and noise and more of the programmes will get conduced and in terms of this the random changes has been noticed under which more uncertain outcomes will get conceived. Wastage:It will also be more related to the diverse factors as like the wastage of water, energy, food, disposal by which more pollution will get developed in the market and on the basis of that the hospitality industry and the tourism have make their contribution(Jaelani, 2017). For this they have take the initiative and uses the different strategy as like the shits, conservation sources like the solar panel and make more conservations. Purchasing policy:It is the policy that is more related to the behaviour and attitude of the business and with that the companies have uses more attractive strategy and policy and under which make the suitable changes by which have satisfy the need and requirement of the business. 10
The industry have work for the customer and to the customer and under this try to make to influence the buying behaviour and increases the capability of the business under which more adequate outcome will get conceived. Transportation:Thetourismisrelatedtotheplacesthatprovidethehistorical appearance and with that the large number of customer will get attracted. In this more supportive changes has been implied and under this the surrounded areas will become more attracted and have make the applicable availability of the sources and under this make sure that customer will get the easy availability(Higham, 2018). The business environment of the hospitality industry and the tourism is more related to the different impact of the environment and has both positive and negative impacts as well that is as defined below as: Positive impacts It brings more information to the local people in terms of education by which they get protect the local environment and have understand the importance of the surround and in support of that takes more decision bythemselves to protect the environment. For example, planting more trees, didn’t smoke in open areas, great barrier reef etc. The hospitality industry and the tourism have created more employment to the local people and that is based on the education qualification by which appropriate wage will get provided to the workers. It will develop more opportunity for the business to make more comprehensive outcome and also make their better contribution in the economy generation of the local areas or the government as well. The venues and the building that get used and covered by the hospitality industry and the tourism is more well designed and get redesigned by which they have make less impact on the pollution and with that have merge their business with the local businesses by which the better output will get received that is in the favour of all the people. In this the businesses also get promote the local environment by considering the sustainable practices and in parallel support the green image that will used to appeal the customer as like they have usingthe organic products, uses minimum amount of chemicals, make sure that use the effective and efficient fitting of water and energy supply. 11
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Negative impacts The hospitality industry and the tourism have chooses the location that is more attractive and with that their presence will destroy the environment of local areas and thus the native animals and habitat are in danger. These industry have make more pollution regarding to the oil and chemical disposals, food scraps and has contribute to huge wastage by which different issues willget raised that is related to wastage. These hospitality industries and the tourism and conduct more events and under that have generate more noise as well. A lot of energy will get consumed by the tourism and hospitality industry and under this includes the electricity consumption and many more as well. In context of The London Dungeon, they have work to provide more adequate information and knowledge about the historical events and make sure that the cultural belief and trust will remain working. In this they have try to make the soluble changes as the interest of the people towards the tourism will get more developed and they take it as the adventurous ride(De Grosbois, 2016). They have also conduct the relative events and smells the thrilling and chilling characters of the old days by which the attractiveness will get enhanced more and it will always be in favour of the growth and success of the business. They have ensure that the customer will get more connect with the services and get adequate information that will enhances their knowledge and with that make the positive impact on the performance and profitability of the business. Critically evaluate how changes in the business environment affect the strategy of a hospitality and tourism operator The business environment is the wider them that includes the different impact of the internal and external factor that has huge impact on the availability of the business. There are some certain impact that might be negative or positive but it is not in control of the business but in averse of this they must have only induce some strategy and policy within the business by whichtheygetsafetheirbusinessperformanceandmeasurecontinuousgrowthand development. In the connection of the environment will remain more safe and with this the 12
tourism industry as like The London Dungeon have worked with more concern about the climate and be the economy generator sector(Altin, 2018). It is the business that has more vulnerable and with this have its impact on the global warming by which the social, economic and environmental implications. It will also include the stakeholders as like the customers, clients, employee, supplier etc that make their contribution in success of business. Thus to get manage these changes as business environmental which affect the strategy of the hospitality industry and of the tourism operator as well that is as defined below as: Energy Management: It is the most basic aspect and in relation with the hospitality sector and with this the different emission as like carbon that get induces by the burning of the fossil fuels that get in linked with the electricity, heating and cooling, energy generation, importing the goods and services by covering different distance, transportation. In thisThe London Dungeon have reduces the consumption by exploiting the technical advancement and its potential via standards and in this replace the energy uses and old equipments by making regular maintenance. Employee education and community development: The hospitality services and the tourism have generate more knowledge in the market and in that it is also be more needed that the employee are much aware what willget presented by them and with the same the community will also get easily understand the need the nuances about the tourism. It is also more needed that while working in the different business environment and specially with the tourism that get associated with the larger number of the people with this have make the suitable changes as per the convenience of the customers. In thisThe London Dungeon have provide the training to the employee and under this they have gain the adequate relation about the importance of the cultural and historical background and with that it is more easy to get convince the visitors. This training will provides the better education to the community as well by which they could easily learn about the different concept of the historical background. It is also be added that the visual presentation will be more easy to get remind off for the longer period of time by which more long term connectivity will get developed in between the Dungeon and the visitors(Filipović, 2019). It will induce the level of commitment under this the overall spectrum of employee will get satisfied and fulfilled and with this the past will also get promoted more. Transportation services:These are the services that get connect the one place to the other with more affordability and as the time passes the transportation sector will measured more success and better development and have covers the overall route by which it provide more 13
easiness to the newer visitor to make their ride as per their requirement. It will get associated with the environment and in this the different level of transportation as like air and road will get developed and get interconnected with the tourism and hospitality industries. In previous times the transport facilities are not that much developed and under this it is very hard for the people to make know about the historical background. But as the time passes the interrelation in between the different places will get more developed and under this tourism industry have make their strategy more vast by which the productivity will get enhanced(Hidayah, Sunarti and Hakim, 2017).TheLondonDungeonmusthavedevelopseveralstrategybywhichthelocal transportation will developed more by which they also gain more profit and have enlarges the profit more and make effective contribution in the society. It makes the business operation and working function more easily and smooth under which the efficiency of the business will get developed more and as much the profit gained that much betterment in the services will get reflected back that is in the favour of the business. Consumer protection laws:It is the law that get developed by the UK government by which the consumer data and information will get safe and they always have get the adequate amount of supply which is services. In this the travel and hospitality industry get provides the different service which doesn’t have any negative or harmful impact on the customer healthy and mental sight. They must have ensured that the faith and trust of the visitor with respect to their historical monuments or the different tourism that provides the appropriate knowledge about the cultural aspect. In thisthe London Dungeon have ensure that the employee will have induce more clear information in the market and under this the visitor get the most relative information that is even more helpful as well. Tourist information centre benchmarking: As per the time changes and more modification will get implied within the business environment in this the benchmarking process in more adequate. It will assess more values within the business by which different activities will get performed within the information centre. As per the adequate information about the tourist will get analysed as per the benchmarking that will set by the survey as it provides the baseline and make easiest presentation of the liable aspects. These are some of the basic strategy that get used by The London Dungeonto make their business even more enlarge and profitable by which they have more capable to attract the large number of customers that induce the continuous improvement and advancements as well. 14
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CONCLUSION It has been concluded from the above report that the tourism is the sector that is more vital and with this the people also get make more interest towards the tourism and with this explores the different areas and grab more knowledge about the diverse circumstances of past. There are some different factor that get relate with the success and growth of the tourism and the hospitality industry and in this some are in the control of the business while some are not and for this different strategy will get developed that helps and support to make more profitable aspect as with this the working performance will also get more involved. There is more certainly while it comes in concern of the tourism that is associated with the dark history in which the past and historical information and in this the responsibility will get taken by the business to provide the clear and wide knowledge in the market. It is also be more needed that the business will get managed the information by taking more glimpse of the cultural background to maintain more ethnicity. In this the business environment that includes the external factor will get valued a lot as like political, economic, social, demographic, cultural, technological, legal, environmental and many other as well that will get considered more and under that the balance will get maintained. In addition to this there is some positive and negative impact of the business while managing the business environment and under this the adequate information will get circulated. In terms of this the tourism and hospitality industry have make more strategy by which the tendency to get attract the potential customer will get enhanced more and more. It will helps to business to generate more profit by enlarging the productivity by which the performance will also get developed. 15
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