The industry is explained for its business, participants and regions it is typically dividend into. The industry is analyzed using two methodologies for its strategy and key drivers. These methodologies are…
Download file to see previous pages...
The report concludes with key drivers for change and success in the selected industry.
The UK Hotels and Motels Industry comprises of establishments that are providing short-term lodging including hotels, motor hotels, resort hotels, and motels. In addition to the lodging services they also offer services, such as food and beverage services, recreational services, conference rooms and convention services, laundry services, parking, and other services1. The UK hotels and motels industry could be segregated into different groups according to the type of customers they serve including domestic consumers, domestic business and international business & consumers.
Evaluation of the UK hotels and motels industry suggest that the main revenue drivers other than providing accommodation are from services such as casinos, conferences, matrimonial gatherings, social functions, shops and telecommunication services. A recent survey carried out by Data Monitor, a research company, highlighted that the total revenues of the UK Hotels and Motels Industry were $35 billion in 2008 that implies a CAGR of 5.6% over the period 2004-2008. However, the same report expects that the industry will slow down because of the poor economic conditions currently prevailing in the global market and lower spending on travel and tourism. The industry is expected to grow at a lower CAGR of 3% till 2013 to reach a level of $40.1 billion2.
The international political scenario is negating the growth prospects of the hotels and motels industry. The political risks have direct correlation with the investment decisions of international hotel companies in developing countries. Political instability in a country creates social unrest that could affect the flow of travellers to that country that may in return affect the sales of hotels and motels. These political risks could also be viewed as
...Download file to see next pagesRead More
Cite this document
(“Strategic Analysis on Industry Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1563769-strategic-analysis-on-industry
(Strategic Analysis on Industry Essay Example | Topics and Well Written Essays - 1500 Words)
“Strategic Analysis on Industry Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/miscellaneous/1563769-strategic-analysis-on-industry.
This paper looks at two mergers that occurred in this industry between the years 2004 and 2011- merger of British Airways-Iberia and the Continental-United merger. This paper aims at evaluating the strategies behind these decisions, projected achievements and what prompted the companies in this industry to come up with the ideas of mergers and acquisitions.
The industry produces products such as plumbing, home decor, carpets, electronic goods etc. There is low threat of substitutes as well. An analysis of the industry has been conducted in the paper based on Porter’s Five Forces. Based on the analysis, it can be said that the industry is attractive to new entrepreneurs and there is potential in the industry for further growth.
Strategic management can be defined as the processes of analysing, taking decisions and actions that an organization assumes in order to create and to maintain competitive performance (The McGraw-Hill, 2010). An effective use of strategic management procedure can bestow a company with certain benefits that include gaining a scope for improving the performance of the company, establishing a future direction, introducing quality products and services to enhance future success prospects among others (Washington State Hospital Association, 2006).
This industry is likely to continue with the growing trend because of the increasing popularity of smartphones among the customers. Furthermore, the smartphone industrial sector can be characterised as a highly competitive market which is almost occupied by the giant players of this sector (Ko & et.
According to Kotelnikov, Porter's Model is particularly useful in that it "outlines the primary forces that determine competitiveness within an industry and illustrates how those forces are related. The model suggests that in order to develop effective organizational strategies, managers must understand and react to those external forces within an industry that determine an organization's level of competitiveness within an industry" (2007, p.
It is one of the most important infrastructure requirements, which is essential for the expansion of opportunities and plays an important role in making or breaking the competitive positioning.
Semiconductor industry relies chiefly on an efficient technology innovation system.
It can be seen that a strategic alliance is extremely advantageous if managed properly. In case of HRM, the alliance will not have any serious consequence unless employees are shared or transferred among the alliance partners. In such a case, the
Most of the focus would be on growth trends, revenue and significant industry statistics in conjunction with highlighting the logistic and supply chain factors as a strategic means to accomplishing competitive success in the industry.
Strategic management tools like