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Competing Through Operations - Coursework Example

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The author of the following paper claims that Grand Destinations is a company which operates various establishments within the hospitality industries and in different locations. The organization intends to open a new hotel near Park Place, in Cardiff…
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Competing Through Operations
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Download file to see previous pages Top among the priorities remains the element of competition from existing hotels within the region. The organization must ensure the competition aspect of the business becomes effectively addressed for successful entry into the market. This research seeks to undertake an analysis of the existing competition within the market and enable the organization to make an informed decision about commencing with the project. This will involve conducting internet-based research to establish the market situation within the target region.
Competition among organizations can be conducted through different approaches, including the adoption of effective operations strategies. The development of an effective operations strategy involves undertaking research to understand the components and measures of efficacy in operations. The efficiency of operations remains a fundamental component of cost-cutting which ensure organizations increase their profitability. Before the development of these strategies however, numerous conditions must become satisfied to ensure the strategies function effectively, within a competitive market. Operating efficiency remains a fundamental indicator of the operations capability within an organisation. Analysing the operating efficiency of competitors can enable an organization to adopt better operation initiatives and improve the processes, for increased profitability.
Within any market, competition remains an ever-present element when conducting business. Successful entry into a market involves conducting an analysis of the existing competition in order to develop competition strategies, which will ensure successful market entry. As a new entrant, the market dynamics utilized in enhancing competitiveness within the market become essential features, which organizations can utilize to compete effectively. Undertaking a competition review enables a new entrant to understand Cardiff experiences increased the number of visitors because of the various tourist destinations within the city. Demand for hotel services could, therefore, be relatively high based on the various sporting activities. The organization must, however, undertake intensive market research to establish the feasibility of the project before commencing.  ...Download file to see next pagesRead More
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