Question

In: Operations Management

What processes would be involved in the initial set-up of the new hotel?

What processes would be involved in the initial set-up of the new hotel?

Solutions

Expert Solution

The following processes are involved in the initial set-up of new hotel:

  • The initial set-up of any business requires procurement of efficient team of management, financial sources and a proper planning to get things done day to day effectively.
  • Efficient team must be selected and proper planning and organizing should be done.
  • Right things must be assigned to right persons at right time.
  • Financial resources should be located.
  • An extensive research of the local’s preferences must be done to decide the cuisine of the restaurant.
  • After the cuisine is decided, the hotel management should then find an authentic chef suitable for the chosen cuisine.
  • Then the menu should be prepared with the help of chef’s choices and local’s preferences with prices.
  • The team should also work on the place of the hotel and the furniture and equipment needed.
  • After setting all these, then the team should work on promoting the hotel to the target market.

All these aspects are essential in initial set-up of the hotel.


Related Solutions

The management of an international hotel chain, ABC Suites, intends to set up a system of...
The management of an international hotel chain, ABC Suites, intends to set up a system of certification for all their employees. They are focussed on four areas: customer service, proficiency in tools, workplace health and safety and operational profitability. Pick any TWO areas and suggest what contents can be included in each section. All employees will have to be certified in the every section over two years. You may model your answers in the following manner. Level 1 is the...
Innovation Co.is thinking about marketing a new software product. The initial set-up cost is$5M (and is...
Innovation Co.is thinking about marketing a new software product. The initial set-up cost is$5M (and is paid at t=0).At the end of every year for the next 10 years (i.e., at t=1,2,...,10), the productwill generate revenueof$1M.Afterthat,the product will be outdated and will not be offered in the market anymore.However,the company will have to provide customer supportin perpetuity, which will cost $0.1M at the end of everyyear (i.e., at t=1,2,...,∞).The cost of capital is10%and there is annual compounding frequency. What is...
Explain the principles and processes involved in classical conditioning Explain the principles and processes involved in...
Explain the principles and processes involved in classical conditioning Explain the principles and processes involved in operant conditioning Compare and contrast the applications of and distinctions between classical and operant conditioning Describe the nature of observational learning
what can be the methodologies adapted to set up a new PMO in a company ,...
what can be the methodologies adapted to set up a new PMO in a company , as the company is havinh issues delivering projects on time. and when you will be suggesting about methodologies ,I want to know about their initiation, planning ,execution,, control and close phase..
Seong Hotels is interested in developing a new hotel is Seoul. The initial investment of the...
Seong Hotels is interested in developing a new hotel is Seoul. The initial investment of the project is $20 million, but cashflows could differ if the government imposes a hotel tax. There is a 60% chance a hotel tax will be imposed and cash flows would be $2 million per year for 20 years. However, there is a 40% chance there will not be a tax imposed so cash flows would be $4 million per year for 20 years. They...
what are the processes and organs involved in drug metabolism and elimination?
what are the processes and organs involved in drug metabolism and elimination?
If you became the new manager in a hotel with high employee turnover, what actions would...
If you became the new manager in a hotel with high employee turnover, what actions would you take to increase retention of employees?
Describe the processes involved in hemostasis.
Describe the processes involved in hemostasis.
2. Based on initial guesses, a mesh for a CFD simulation is set up for an...
2. Based on initial guesses, a mesh for a CFD simulation is set up for an external ow around an object. The ow does not experience signicant separation on the body surface. The results yield y+ values between 4 and 40 on the the body surface. Explain why this result is not adequate. Explain how you would proceed to improve the results, and how you would know when they are acceptable.
Ada Hotel Group has set up a pension fund for employee benefits. The company plans to...
Ada Hotel Group has set up a pension fund for employee benefits. The company plans to put $50,000 in the fund at the end of each quarter. If this is a 20-year fund that earns 6.4% annual interest compounded quarterly, what would be fund balance at the end of 20 years? a. $7,459,234.56 b. $9,268,201.30 c. $8,001,194.75 d. $10,238,430.10
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT