Resort Management Case Study Example | Topics and Well Written Essays - 1750 words

Resort Management - Case Study Example The mission of Oceania Club is to provide customers with all-inclusive high-quality services in order ensure customers satisfaction and loyalty. Oceania Club sets out to create a range of high-quality serviced that are distinctive in type, and especially appealing to people who had acquired a taste for good holidays. Oceania Club guarantees the best room, the warmest atmosphere on average price. Oceania Club is aimed to achieve competitive advantage and sustainable competitive creating value for their customers, select markets where they can excel and present a moving target to their competitors by continually improving their position. Three of the most important factors are innovation, quality and inventory reduction. â€Å"Blessed with a rich flora blossoming, its amphitheatric setting, surrounded by pines, olive groves, cypress trees and a golden long sandy beach, makes Oceania the ideal place for a dreamy holiday† (Oceania Home Page 2007). The resort provides lodging and room facilities. The main lodging facilities include: lounge/tv rooms, conference/meeting facilities, business/internet center, outdoor pool, indoor pool, children playground, restaurant Piano, bar, nightclub/disco, fitness center, sauna, beauty salon. Room facilities are â€Å"A/C individual, heating, satellite/pay tv, safe box, direct phone line, terrace, etc. Also, Oceania proposes a wide range of sports and entertainment activities, children and football swimming pools and beaches† (Oceania Home Page 2007). Oceania Club market is very fragmented in terms of supply, with a large number of smaller operators being characteristic. Consolidation is an ongoing process in the sector. A frequent complaint is marketing's preoccupation with short- term thinking, and an almost total lack of 'strategic thinking', or considering the longer-term implications of external and internal influences on the organization (Hayes & Ninmeier 2003). Seasonality is one of the main weaknesses of this business. Economic strains do exist, however, and some of the most sensitive factors relate to seasonal variation in Greece. In order to attract tourist around the world, Oceania Club introduces special summer and winter offers. The price varies from $12,15 in winter to $251 in summer. This strategy helps Oceania Club to avoid empty hotels, carriers and tour operators with idle wheels, and employees jobless. Also, skillful marketing, expensive, but effective, helps Oceania Club overcome some of the problems associated with seasonality (Hayes & Ninmeier 2003). Resort Property A model building is one of the hallmarks of Oceania Club. Oceania Club is "built in a luxurious, contemporary Mediterranean style and inspired by the Greek architectural traditions" (Oceania Club Home Page 2007). Land-use zoning and the spatial separation of accommodation from the buildings increase resort carrying capacity in locations. This model distinguished between the resort which represented culture and the sea which represented nature. What emerged was a transitional zone between culture and nature, a zone of 'ambiguity' - the beach. Oceania Club has 1 building with 5 room wings, 297 rooms, 3 floors and 10 lifts. It proposes the following accommodations: double room, junior suit and deluxe junior suit, suit and deluxe suit (Introduction to

Explain how the development and growth of the stock market effects the Essay

Explain how the development and growth of the stock market effects the real economy - Essay Example Stock markets have securities notified on stock exchanges and also provide private trading facilities. According to an estimate, at the close of 2012, world stock market was more than $50 trillion with US having the largest market of about 35% and United Kingdom and Japan with 6% each (Perry 1-2). Impact of stock market growth and development on economies is indeed an important area of research among economists. It provides for steering financial matters and forming future economic strategy to improve business and investment environment of a country. Thus impact of stock market growth has both direct and indirect effects on an economy. Industries, Service providers and Corporations of various types get their stocks available in stock market. Large companies usually put their stock available/ registered in many exchange markets around the world. It is done after weighing potentials of business in a specific stock market. Participant of stock markets are traders, banks, retail investors, insurance companies and corporations etc. which deem to invest, buy, sell, transfer and even evaluate their stocks through the facility of a stock market. Trading in stock market is done through evaluation and bidding process carried out among buyers and sellers who agree over a deal on value o f the product. From hedge funds to stock investors the participants of a market can perform this activity anywhere in the world. A representative of business activity carries out buying, selling, exchange or valuation on behalf of his employer to execute exchange activity. Thus companies are not physically available or do not come with their active products and investment plans but they perform these transactions virtually through their representatives. A rational response to the concept of stock exchange and its activities can be transpired as effectiveness and vibrancy of economic activities in a market.

Growth and world's cities Assignment Example | Topics and Well Written Essays - 750 words

Growth and world's cities - Assignment Example The city was founded in 1565 after the French flee the region. Currently, the city rests over a flat yet narrow plain situated between the foothills which lay between the Atlantic Ocean and the Highlands of Brazil, right over the shore residing on the Guanabara Bay. Though the public policy regarding urban planning in Brazil isn`t quite impressive, yet the city reflects considerable urban development which makes it one of the most anticipated tourist resorts. A few communities in Rio exhibit remarkable projects undertaken by private investors like their own waste collection and sewerage systems, gay care centers, considerably higher literacy rate, support centers for the elders, nutrition, recreational and sports centers, metropolitan hotels and other similar urban hubs. Yet, a few other areas seem to be lagging behind in terms of urban development. Rio de Janeiro grew over time to become what it is now. In the first few decades of the 20th century, Rio saw a drastic increase in its population to around 2 million. In 1927, when Antionio Prado was heading the state, the Agache Plan was incorporated into public policy regarding urban development which boosted the growth of the city in the context (Vojnovik 2013) . Thus, during the late 1920`s, th e city saw its golden age which continued till the 1950`s where high profile hotels like Copacabana Palace and the Hotel Gloria were built. Also, the city was turned into a destination for hollywood celebrities and other high profile people from all around the world. Thus, private investment flew in and urban resorts like the Copabana beach and the Santos Dumont airport was inaugurated, further giving the urban touch to the city. After the 1950`s, transportation infrastructure was the focus of the government along with industrial development, which further paved way for the development of advanced housing communities for the blue

Tourism policy Essay Example | Topics and Well Written Essays - 3000 words

Tourism policy - Essay Example Tourism is a valuable industry for every nation. It not only creates new businesses but also can create jobs, income and can enhance quality of life. For years, tourism industry developed almost fluently and now it has become a chief economic segment. For many countries in the developing world, tourism is a significant basis of income creation and therefore, a key element of economic improvement. A good positive state related to tourism can improve the relationship and it rewards nations. But the consequences of negative conditions such as terrorism are massive on a countries’ financial system. Tourism contributes about 10 percent of global GDP. Tourism industry needs to predict customer requirements, recreate its business strategy, and relocate on providing good services because in recent years customers have become more demanding and a good tourism system can improve the image of the nation. Therefore, the terrorist attacks can play a massively derogatory role in a countryâ €™s economy and thus, the tourism sector similar to other sectors can bear the brunt of such scenario (Wharton University of Pennsylvania, 2010). Importance of Tourism Tourism has become a key economic activity in the 20th Century. The World Travel & Tourism Council had generated income of US $ 655 billion from tourism industry in the year 1995 and had created 212 million jobs. Global employment growth was estimated at 21 percent in the year 2007. This increase was primarily due to increase in capital investment and it contributed to 610,000 people globally being engaged to the tourism industry. The employment increase was from complimentary services such as entertainment and restaurants. The result of amplified travelling has led to rise in government income and gross output; it has multiplier consequence on global economies (Dunn, 1999). The following table shows the growth of tourism till 1992: Figure 1: Growth of tourism till 1992 (Thompson, 2008). Effect on Tourism Industry due to Terrorist Attacks Terrorist attack has an adverse affect on the tourism industry. It can lead to joblessness, homelessness, deflation, crime and other economic crisis. Several factors associated with tourism such as airlines, hotels, restaurants and catering sectors that are used by any firm or industry and their employees are all affected to a greater or lesser extent. Terrorism can unravel a country’s tourism industry. It affects directly to the tourists’ decision making. The role of tourism in emerging countries is currently so enormous that some downturn in the tourism sector is a serious concern. In general, tourism is one of the best performing economic sectors in the developing countries and can have various dimensional effects (Essner, 2003). Several such instances of the affect of terrorist attacks on the tourism industry will be evaluated in the following sections. Terrorism in Maldives Tourism Industry Maldives is a developing nation and is depended on their tourism industry as a source of income. Maldives is a holiday destination for the tourists due to its famous heavenly as well as

Employee relations Essay Example | Topics and Well Written Essays - 3000 words - 4

Employee relations - Essay Example In order to evaluate the procedures an organization should adopt for the purpose of dealing such organizational conflict, it is important to identify the reasons behind it. Organizational conflict is a critical phenomenon in the study of organizational behaviour and hence it is essential for every management to recognize the root cause behind conflicts among employees or between employer and employees and apply appropriate strategies in order to minimize the occurrences and effect of such conflict For the purpose of understanding the source of such organizational conflict the management must identify the key attributes of employee relation which will help them to mitigate the effect of conflict and ensure organizational effectiveness by establishing a healthy relationship among employer and employees (Armstrong, 2011). Collective bargaining is a major source of organizational conflict and negotiation strategies have the power to accelerate or decelerate the business operations of an organization. The incidents of industrial democracy in United Kingdom has marked development in employer employee relationship and the management initiative of employee participation in decision making has successfully accelerated the scope for organizational development (Pattanayak, 2014). The paper will concentrate on the employee relations, the cause and effect of conflict as well as the role of negotiation in collective bargaining in order to evaluate the relevant strategies of human resource management and organizational behaviour and how the application of these strategies can help to establish stability in an organizational framework. Organizational structure as well as culture is the most significant source of conflicts. For instance, an organization using matrix structure obligates the employees for dual reporting that leads to create ambiguity regarding their routine responsibilities. Global companies that integrate geographically dispersed provinces across

Psychology-Research Methods Essay Example | Topics and Well Written Essays - 750 words

Psychology-Research Methods - Essay Example 36). Experimaents are used to establish a relationship between two variables, and show the direction of causality between the two variables. Quasi-Experimental. A method used â€Å"when [the researcher] can exert some, but not complete, control over important variables† (Zechmeister et al., 2009, p. 38). Like experiments, quasi-experimental attempt to establish cause-and-effect relationship with a less tighter control of the environment. Single case. A method â€Å"often used in the context of clinical psychology, in which the psychologist wishes to describe, predict, understand, and treat the problems faced by a client† (Zechmeister et al., 2009, p. 38). This method attempts to explain and change the behavior of a single participant or patient. The results of a single case study can be applied to a limited number of other participants. Methods, Rationale, and Usage Case 1. Since the researcher was trying to change the behavior of a mentally impaired 8-year old girl by quantifying observations and introducing interventions, this study, I think, utilized the single case design. The aim of a single case design is to gain a deep understanding of a research subject/participant in order to explain and treat his/her behavior (Zechmeister et al., 2009). In Case 1, the researcher introduced an intervention to treat the spoon banging behavior of the subject. Detailed observations were then recorded to predict and analyze if the intervention was effective. The researcher recorded observations before, during, and after the intervention which showed the degree of control exerted by the researcher in this study. The researcher concluded that this treatment was effective and, therefore, like any successful single case studies, suggested that this treatment can be used in other patients. Case 2. Since the team of researchers was trying to describe gender differences in need for affiliation by observing and recording the behavior of students in a cafeteria, this study, I believe, utilized the observational research design. The purpose of observation is to portray a complete description of a behavior in a given situation (Zechmeister et al., 2009). In Case 2, the researchers provided detailed observations of incoming students in a cafeteria to describe the tendency of males and females to seek affiliation through the company of others. College students comprised the sample, and the variable of interest to be measured is the need for affiliation. When students entered the cafeteria, the researchers recorded students’ gender and whether they are alone or accompanied by others. These detailed observations are then analyzed in order to describe gender differences in need for affiliation. Case 3. Since the researcher was attempting to show which of the two approaches are more effective for small groups who are making decisions, this study, I think, utilized the experimental design. The principal aim of experiments is to establish a cause-a nd-effect relationship between two variables (Zechmeister et al., 2009). In Case 3, the researcher introduced a competitive and a cooperative approach to groups of people and then measured the degree of satisfaction derived from using such approach. Research participants were randomly assigned to different groups. The independent variable was the approach used, and the dependent variable was the satisfaction derived after the decision was made. The introduction of approach and the

The Case of Marquee Garments Essay Example for Free

The Case of Marquee Garments Essay Question no1: â€Å"SR has taken a risk in entering a market that is large, but offeres little flexibility in terms of price and business eenvironment†. Discuss. Entering Indian market was quite a challenge for Simon not only convincing the board but taking up the responsibility to personally assist the whole process of franchising in India was a major challenge in his career. Indian market is famous for its â€Å"value buying† behavior; and SR is a brand known for its high quality and value for money all around the world. Unfortunately in India however the tariffs and strict regulation for direct foreign investment has been major hurdle in offering low prices. Though the launch of the two franchises have been a huge success but Simon believes asking for premium prices for the products is soon going to turn this profit into long term loss. He believes that as soon as the novelty factor wears off the customers will opt back to the value for money buying behavior. Question no.2: This may be the right time to enter India. But has S R positioned its brand right? The festivities .such as Christmas and Diwali has been the best time for Smith and Robin to take over the market for increased sales. This helps their two stores’ initial stocks to be sold out in three days flat. Since while positioning the brand, it is necessary for the organization to identify a market niche for a brand, product or service utilizing traditional marketing placement strategies (i.e. price, promotion, distribution, packaging, and competition). S R is well aware of their preposterous prices, but that ultimately makes Smith and Robin a premium brand, one with aspirational trimmings. This made their direct competitors turn into the boutiques. They were also perceives as a high end value for money brand. Question no.3: Do you think the current retail environment in India is conducive for the entry of a high-profile foreign brand? If yes – why? If not, state the reasons clearly. The current retail environment in India is not conducive for the entry of a high-profile foreign brand. Indian customers are becoming more self aware and conscious of the market trends. Therefore, post modernism along side the globalization has given the Indian market an edge to their customers. Indian economy has been raising substantially due to their own products and manufacturing plants. Despite that companies such as SR enjoy a brand equity in the Indian markets, the novelty factor surrounding SR’s launch wears off. Also, since these brands have to pay high tariffs, the brands offer premium prices, which are questionable by the customers. With such brands, their franchises would not be ready to show any interest in expanding a loss-making operation. Keeping in mind all these factors, one also has to remember the existing competition. A grey market already does a thriving business in both branded products smuggled into the country, and ersatz ones.