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Travel and Tourism Entrepreneur Assignment - Thomas cook AG

   

Added on  2020-10-22

15 Pages4460 Words115 Views
Travel and TourismEntrepreneur

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Discussion on the skills needed for successful entrepreneurship..........................................11.2 A self-appraisal that identifies strengths and weaknesses and strategies for development ofbenchmark for successful entrepreneur.......................................................................................3Task 2...............................................................................................................................................42.1 Understanding of development of enterprises inTravel and tourism sector.........................42.2 Evaluation of the factors that have led to the success of the enterprise................................6TASK 3............................................................................................................................................73.1 Evaluation of sources of finance and support available to enterprises inTravel and tourismsector...........................................................................................................................................73.2 Develop and justify the potential for success of an enterprise in a travel and tourismcontext.........................................................................................................................................83.3 A persuasive business start up plan.....................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONThe business of Travel and Tourism can be considered as one of the boomingbusiness in industry right now. As more and more people are involving themselves toexplore the world, they have to get help of travel industry for that. The increasingdemand of travel and tourism has made this industry a low risk business sector and thesector that produces maximum profits. In business of tourism and travelling very low riskfactor is involved. This report is in the context of Thomas cook AG which is on the bestcompany in travel and tourism sector. It was founded by Thomas cook in 2002 and isheadquartered in Rochdale UK. This report brings consensus about skills that arerequired in travel and tourism industry. Also the evolution of organization in travel andtourism sector would be considered. At last a full proof business plan for recessedmarket in travel and tourism industry will be made.TASK 11.1 Discussion on the skills needed for successful entrepreneurship.Operating a successful travel and tourism business requires a set of skills andability. Skills should be used for development and making an organisation moreeffective and powerful (Williams and Shaw,2013). Being an entrepreneur is moredemanding and a tricky task. In large corporate environment such as Thomas cook AGthere are managers and department heads looking after different business divisions.But in small or medium business these are often looked after by entrepreneurs handlingthe business. A successful entrepreneur requires a certain level of proficiency and theseare :Passion: For making business more successful, entrepreneur should bepassionate about their work. If extra efforts are poured in business then it willmake business more successful and will also turn into profit making company.This will make entrepreneur happy about his/her work. Travel and tourism sectorrequires this skill as it will help them in making a good and passionate industry towork in.Discipline: This is considered as a very essential trait as this will enableentrepreneur to move towards the desired goals (Hallak, Assaker and Lee,1

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