Discuss the potential benefits and risks associated with implementing your proposed strategy. Original Answers Only

Hospitality

Title: Team Project 2 – Strategy Formulation and Core Competencies

Objective: Building upon your team’s work from the first project, your team will now formulate an innovative and future-oriented strategy that can help your chosen company attain a competitive advantage over the next 5-10 years. You will also identify core competencies necessary for executing the strategy and evaluate them using the VRIO framework. Finally, you will explain the investment and the anticipated impact of your proposed strategy on the company’s revenue and operating expenses.

Instructions:

Strategy Formulation:

  • Based on your team’s analysis of the general and industry environments from Project 1, identify the key opportunities and threats that the company faces (It is expected you use the opportunities and threats identified in project 1, but if you need to change some, you may do so, but notify that in the paper).
  • As a senior manager of the company your team analyzed in team project 1, develop a forward-thinking and innovative strategy that tackles the identified opportunities and threats. In your description, make sure to include the following aspects of your strategy:
    • Type of strategy (e.g., cost leadership, differentiation, focus, backward integration, forward integration, product development, market development, etc.)
    • Target market segments
    • Key products or services
    • Geographic locations
    • Distribution channels
    • Any other relevant details
  • Clearly articulate the rationale for your proposed strategy, including why it is well-suited to address the identified opportunities and threats.
  • Discuss the potential benefits and risks associated with implementing your proposed strategy.

 

Core Competencies:

  • Identify the core competencies necessary for implementing your proposed strategy.
  • Evaluate each competency using the VRIO framework (Value, Rarity, Imitability, and Organization) and discuss how these core competencies contribute to your company’s competitive advantage.
  • Value: Assess whether the competency is valuable and helps the company exploit opportunities or neutralize threats in the environment.
  • Rarity: Analyze whether the competency is rare and not widely possessed by competing firms.
  • Imitability: Determine whether the competency is difficult to imitate or replicate, either due to cost or complexity.
  • Organization: Examine whether the company is organized to exploit the full potential of the competency, including having the right processes, systems, and management in place.
  • Identify strengths and weaknesses from the competencies evaluated. Address weaknesses to ensure successful implementation of the strategy.
See also  research a tourism organisation’s product or service of your choice and produce a 6-minute 40-second Pecha Kucha presentation

 

Anticipated Financial Impact:

  • Investment Requirements: Identify the investment requirements for implementing the proposed strategy, considering aspects such as land, construction, equipment, legal fees, etc.
  • Useful Life Span: Estimate the useful life span of the strategy, determining how long it can provide competitive advantages for the company.
  • Changes in Revenue and Expenses: Explain the changes in revenue and/or expenses as a result of implementing the proposed strategy. Consider factors such as market share, customer acquisition, cost savings, or operational efficiency.

Presentation:

  • Prepare a clear and concise presentation that summarizes your team’s findings and recommendations.
  • Ensure that your presentation is well-organized and visually appealing, with appropriate use of graphs, charts, and other visuals.

 

Custompaper.help is an academic writing platform that provides students and professionals with quality services to ease their assignment challenges. With a wide range of services, the platform has become one of the leading academic writing service providers in the market due to its reliability and affordability. Below, we shall discuss some of the services which Custompaper.help provides:

Essay Writing Service
The essay writing service provides customers with quality essays on any subject or topic they requested within a given deadline. The writers at custompaper are experts in their respective fields, and they ensure customer satisfaction by producing original content with thorough research involved backed up with strong evidence from reliable sources available online or offline. All essays come with free plagiarism reports as well as revisions if needed so that customers can trust that they are getting high-quality work for their money’s worth.

See also  Pick one (1) hotel companies, one (1) cruise lines and one (1) restaurant chains, such as Hyatt, Norwegian Cruise Lines and Denny's.

Research Paper Writing Service
This is another popular service offered by custom paper help wherein customers are assisted in conducting research papers according to their needs and requirements within specified deadlines. Writers at custom paper help have vast knowledge about various topics belonging to different disciplines such as Management, Arts & Humanities, History etc., allowing them to craft impeccable research papers every time regardless of the complexity or urgency level requested by customers. Additionally, all our research papers come along with proper citation formats which ensures customer’s safety when it comes to plagiarism issues while also helping them save time on formatting procedures thus improving overall efficiency even further!

Dissertation Writing Service
CustomPaperHelp also offers dissertation writing assistance for those who need it most – students preparing for graduation or professionals wanting to further refine their skills through higher education levels such as Master/PhD degrees etc, Our team of writers consists of experienced individuals having Master’s/PhD degrees themselves so you can rest assured that your dissertation will be handled expertly from the start till the end! Furthermore, we offer unlimited revisions until your complete satisfaction is achieved, along with regular checkups being done throughout the process just so everything goes according to course without any hiccups!

Editing And Proofreading Services
If you already have written an essay but want professional feedback before submitting it, then CustomPaperHelp also offers editing & proofreading services which helps in identifying & rectifying errors present in assignments like grammar mistakes, spelling mistakes, punctuation problems etc., thereby ensuring top-notch quality work, before submission takes place! We understand how important accuracy & consistency are when it comes to grading systems used at universities nowadays, so taking extra care during this phase becomes absolutely essential if good grades are desired afterward!

See also  Discuss how your proposed plan of graduate study relates to them. What are the specific attributes of the program at UD that lead you to believe that this degree is appropriate to help you achieve your professional objectives? Original Answers Only

Coursework Help
For those who find coursework difficult due to complications of being quite technical in nature; CustomPaperHelp extends its support here too, by providing quality solutions every single time – starting from understanding concepts properly up until composing flawless answers following university guidelines closely enough making sure no loopholes remain whatsoever! Whether it’s related math problem-solving algorithms or lengthy home assignments – our expert panel has got you covered from head-to-toe leaving no stone unturned during this very crucial stage since final grades depend largely upon the success rate achieved here successfully!

Assignment Help
Assignments form an integral part of getting better scores & ultimately, a degree itself (in case pursuing a masters/PhD) – something only possible if precision is made a priority right away; otherwise, chances of failure increase exponentially over a time period detrimentally affecting performance evaluation systems later down road drastically hence stressing timely importance completion prior commencement other operations associated same project altogether consistently meeting high standards expected each situation respectively! Here too, CustomPaperHelp presents comprehensive solution package exceeding expectations beyond point offering optimal values therein ensuring maximum satisfaction reached under circumstances prevailing accordingly without fail…proving once more why people trust us implicitly without second thought whatsoever!!

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Custom Paper Help, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Custom Paper Help has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At Custom Paper Help, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.

Admissions

Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.

Editing

Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.

Coursework

Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.