Executive Summary
Global business strategies are based on the driving forces of the organization. In this report, an analysis of Banyan Tree Resorts is conducted based on the driving forces in its relevant market factors. Researches based on the influences affecting its decisions and course of actions are gathered and used to determine the soundness of its response and adoption of its international strategies.
Having overcome challenges in the highly competitive hospitality and tourism industry, we examine the key issues and challenges of globalization past and present. Further recommendation to optimize and implement proposed management strategies to retain and expand current market share.
The tools used for analysis on its past performances
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Banyan Tree has successfully become a global brand. Its success throughout the years with accomplishments over various financial and non-financial objectives with its competitive advantage using careful strategic planning and research on market attractiveness.
Social Responsibility
Committed to social responsibility in its business operations, Banyan Tree Resorts engage in initiatives such as sustaining villages with its traditional crafts and promoting cultural heritage allowing more accessibility to its location’s history.
Based on PEST for analysis to determine the market external environment in an example of Banyan Tree Palawan, Philippines;
Macro-Environmental Factors
Political Aspect
Corruption and political unrest has been steadily curbed. Since Macapagal-Arroyo was elected president, efforts were made to result economic growth. Aggressive promotion of tourism were in place from the country (Lacap, 2014).
Economic Aspect
GDP growth were evident in the years beginning 2000, with 5% growth and topping it at 7% in the year 2007. This means higher spending
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It should continually penetrate its market in the South-East Asia. Indonesia is one of a good place to expand. Land and Island in Indonesia are aplenty. Governent welcomes foreign investors to boost economy. Labor and resources are aplenty and cheaper compared to other parts of the world.
Banyan Tree Resort can look into buying or occupying an entire island for building its resort with all existing amenities and offerings provided. However, Banyan Tree should highly consider with doing away with technology and on top of it, to have all meals planned before the customers’ stay and then catered for at a specific timing for meal times. This will take away the stress about choosing what to eat during the retreat.
People nowadays cannot live without their mobile devices. People are becoming so connected through technology that they have lost their connection with
The relationship between Australia and Indonesia over the years has changed for many reasons. These reasons are seen throughout time frames that I have chosen. In 1940’s Australia became allies with Indonesia as Indonesia goes through the battle for independence. The second reason of change was when Menzies increased the relationship with Indonesia, making it stronger, this increased trade.
In the story of “Growing up Tethered” by Sherry Turkle, she says that technology changes our brains, our souls, and even our well beings. Growing up tethered is described as never being separated from another cause of electronic communication. The author describes the article as teens’ addictions to their phone and how it puts their life in danger. Teens always need a phone in their hand or to know what is going on. Sherry Turkle said that “these young people live in a state of waiting for connection”.
CASE STUDY: You are the marketing manager for a chain of home-ware stores in Brisbane called Houzit. The marketing plan for the 15 Houzit stores was developed over 12 months ago and you are actively engaged in implementing the strategies to achieve the marketing objectives. Specifically, you are instigating those marketing activities that meet the marketing objectives of a 12% market share (up from 11%) and an increase in sales by 8.5% over last year’s result. No expansion stores are planned during this phase of consolidation and on average the stores achieved $24,680 per week for the year.
Living in the technology age our constant need for technology and the internet has changed everything about a person’s daily life. Technology has replaced the ability for deep, meaningful thought and even the need for face-to-face human interaction. Today people don’t have to put in a lot of work in order to find information they are looking for. They can find it easily at the touch of their fingers on the internet. They can even have relationships on the internet.
Abstract The purpose of this assignment is to critically analyze the context of Apple’s new product, ‘The Apple Watch’ and prepare a Marketing Feasibility Study in order to assess the viability of introducing in the new product range into the UAE market place. Data Introduction Apple Inc. is an American multi-billion dollar corporation that internationally produces computer software, cellular devices and consumer electronic products. Items such as the iPod, the iPhone, the Macintosh desktop computers and the iPad are easily recognizable by society.
SMART marketing objectives for a hospitality and tourism business: From the brief meeting, Mr Ramesh summarized the main objectives of the Village Hotel Bugis will coincide with the Group’s mission statement. (i) To develop an enterprise and operate the businesses by serving with grace and love, integrity and honesty (ii) To inspire better lives to all stakeholders using the core values of BUILD (iii) To market VHB is a destination of pleasure and business with its unique characteristics of its locality. 2. Marketing plan development for a hospitality organization: Marketinng audit ( PEST ): PEST analysis is a simple widely used tool that helps to analyze the Political, Economic, Social- cultural, Technological changes in the business environment. Let’s see how The Village Hotel uses PEST analysis to their business.
Thirdly, Cassia a niche between apartment and hotel. It is an opportunity for a rising middle-class to buy affordable holiday homes which also works as an investment. Finally, Dhawa, is a new brand that will appeal to design-savvy visitors with the casual and contemporary full-service properties that fuse imaginative design. Banyan Tree Holdings has
c) Thesis statement: The favorable climate, the cultural foods and natural environment in Bali, Indonesia is what makes it more interesting being the most beautiful island ever. d) Credibility statement: I have been fascinated by the natural factors, environment, and the culture of Bali. I travelled to the island in summer 2016 and it is a place that I will never get tired of paying a visit to. e) Preview of main points - First, I will discuss about my first day to visit Bali, Indonesia during my vacation - I will also discussed the main features of the Bali island - Lastly, I will discuss what made Bali my favorite destination 2.
In hospitality industry, there are many issues, challenges and trends that a hotel or a restaurant might face. In recent years, cultural diversity in the workplace has become a major in hospitality industry. This paper concentrates on discussing about the current situation of cultural diversity in the workplace of hospitality industry, then analyzing some benefits and challenges of cultural diversity in hospitality organizations and giving practical recommendations that help hospitality organizations to deal with cultural diversity issues. Diversity is defined as the differences among people. Cultural diversity means that the differences between people in gender, traditions, language, etc.
Firstly, the Boston Consulting Group (BCG) matrix that concentrate the market position of different products. Secondly, the experience curve and the Profit Impact of Market Strategies model which identified a number of strategic variables. Furthermore, competitive advantages model (Porter, 1985) which focus on five different forces in environment of organization, but suit with only stable market. Generic strategy was developed strategies under this school, especially it can identify position in the market. Advantages: -Provide content in a systematic way to the existing way of looking at strategy -Particularly useful in early stage of strategy development, when date is analyzed -This school emphasis on analysis and calculation can be a very strong support to the strategy development process -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment
Table of Contents 1.0) Executive Summary 3 1.1) Objectives 3 1.2) Mission 3 1.3) Keys to success 3 2.0) Product and Services 4 2.1) Sourcing 5 2.2) Technology 5 3.0) Market Analysis Summary 5 3.1) Market Segmentation 6 3.2) Target Market Segment Strategy 7 3.2.1) Market Trends 7 3.2.2) Market Needs 8 3.2.4) Market growth 8 4.0)
Introduction The following strategic analysis report was carried out for Giant Hypermarket in Malaysia. Giant Hypermarket also popularly known as “Giant” is a subsidiary of Dairy Farm International. The objectives of the study is to advise the Board of Directors into a possibility to revisit and redesign the current business strategy based on the blue ocean strategy (Kim and Mauborgne, 2005) to provide value based innovation via cost reduction with increased value for buyers and to ensure sustainable business operation in Malaysia. Additionally, the analysis also includes the possibility of developing a global strategy for Giant.
According to UNWTO “over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world.” In Belize, tourism is one of the growing industries that has to a large extent, a great influence on the economy. The tourism industry has demonstrated success and commitment to maintain the authenticity of its attractions fostering attractive platforms for investors looking to cater the growing number experience-Based tourist. Yet tourism is not the only successful industry in Belize, there is the citrus industry, sugar industry, banana industry and also the marine industry which help the economy. Therefore tourism does indeed help the development of Belize because it provides jobs, nevertheless tourism is seasonal, therefore it only provides jobs for certain season such a summer, Easter and Christmas.
There is stability in politics and it is undergoing slow political reforms. For the first time in 2005, the local ruling body was held and more such reforms are being expected in the near future. Even though the king has tried to bring some reforms, namely the initiation of a legislative council and local elections, the country 's traditional practices and religious norms aren’t being compromised in the process. The conservative judicial system has no separation of powers and the final decision maker is the authorized judge by the king. Although there is a drive in their economy for foreign investors for sectors such as power, aviation, and telecom etc.
Shangri-La has their hotels and resorts across the world for example North America, Europe, Middle East and Asia. Shangri-La hotel also soon will expand to Philippines, Maldives, India and Thailand as well. Shangri-La hotel has high speed of international growth because their hotel is expanding their operation to different countries and increases their international existence. By expanding their business to various countries, those countries not only for tourists’ destination but also provide suitable accommodation to businesses with attractive environment. The motivations of Shangri-La hotel to internalization their business because it is lower cost doing their business in different countries and can generate high revenue in those areas (Study Moose 2016).