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Students (group-1) must submit their assignments by 11:59pm on 15th November 2013 at the latest and Students (group-2) on 06th December 2013 by 11.59pm. If you do not observe the above rules then this will lead to an allegation of cheating and, if found guilty, you will incur a severe penalty which may involve having to leave the college.
Students (group-1) must submit their assignments by 11:59pm on 15th November 2013 at the latest and Students (group-2) on 06th December 2013 by 11.59pm. If you do not observe the above rules then this will lead to an allegation of cheating and, if found guilty, you will incur a severe penalty which may involve having to leave the college.
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Attribution Non-Commercial (BY-NC)
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Als PDF, TXT herunterladen oder online auf Scribd lesen
Students (group-1) must submit their assignments by 11:59pm on 15th November 2013 at the latest and Students (group-2) on 06th December 2013 by 11.59pm. If you do not observe the above rules then this will lead to an allegation of cheating and, if found guilty, you will incur a severe penalty which may involve having to leave the college.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PDF, TXT herunterladen oder online auf Scribd lesen
HTSP: Hospitality and Tourism Strategic Planning Level: 7 Number of Credits: 30 Guided Learning Hours: 90
INSTRUCTIONS TO CANDIDATES:
1. Assessment Criterion 100% Weighting. 2. Students (Group-1) must submit their assignments by 11:59pm on 15th November 2013 at the latest and Students (Group-2) on 06th December 2013 by 11.59pm. 3. Your assignment must be word-processed in Microsoft Word (.doc formatted). All pages should be numbered including CTH Registration number (if already registered) and Module name (Please see the CTH handbook) 4. You must keep an electronic copy of your assignment. 5. A Turnitin report must be submitted with your assignment. 6. Policy on Plagiarism: a) The work that you submit must be expressed in your own words. b) Plagiarism which is presenting the views and/or words of another person as if they are your own is strictly forbidden. c) If you do use quotations from books, journals and or websites then these must be placed inside quotation marks and referenced ideally using the Harvard referencing method. d) If you do cite the views/ideas of another person then you must refer to this person in the main body of the assignment, including the work cited in your bibliography. Cite, in this context means to quote a passage, book or author in support of an argument, etc. e) Copying the work of a fellow student also constitutes plagiarism. It must be pointed out though, that any student allowing another student to copy part or all of his/her assignment is just as guilty as the plagiariser. You should therefore protect your own work, so as to avoid others copying your work, without your knowledge. f) If you do not observe the above rules then this will lead to an allegation of cheating and, if found guilty, you will incur a severe penalty which may involve having to leave the College. Any repetition of plagiarism in any module will lead to expulsion from the College.
Hand in by: 15 November, 2013 (Group-1) 06 December, 2013 (Group-2)
Learners will develop strategic business planning skills for hospitality and tourism organisations. Learners will critically evaluate the theories of business strategy and develop skills to analyse strategic fit and develop business strategy for hospitality or tourism organisations. Learners will be able to evaluate the risks and consider the management of strategic implementation and business ethics. Learning Outcomes At the end of this unit the learner will be able to: Assessment Criteria The learner can: Indicative Content
1. Critically evaluate strategic options for a hospitality and tourism organisation. 1.1 Compare and contrast the different approaches and theories used to identify and evaluate business strategy.
1.2 Use strategic business development theories to identify the strategic options available for a hospitality or tourism organisation.
1.3 Critically evaluate the range of strategic options available to a hospitality or tourism organisation.
1.4 Identify the risks to a hospitality or tourism organisation of adopting a strategic option.
1.5 Recommend and justify strategic options available to a hospitality or tourism organisation. Ansoff matrix vertical, backwards and forwards integration Cost leadership Mintzbergs strategies (deliberate, emergent) Strategic alliance, merger, acquisition Competitive strategies, value based strategy, contingency strategy market niche Market segmentation, adding value, market share, workforce competence development, Product portfolio, reconfiguration, !"#$%&'() +"%%,-, . /")012&%123 &'( 4"561)7 826&2,-1# 9%&''1'-
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2. Develop a Business Strategy for a Hospitality or Tourism Organisation 2.1 Use strategic planning models to formulate a business strategy for a hospitality or tourism organisation.
2.2 Critically evaluate the role of ethics in the development of a business strategy.
2.3 Identify and analyse areas of potential conflict in the implementation of business strategy.
2.4 Recommend techniques to reduce potential conflict during the implementation of business strategy. benchmarking.
Reviewing options Attractiveness to Stakeholders Stakeholder participation Criteria for judging options, feasibility studies Risk assessment Cost-benefit analysis Consistency with organisational values Scenario planning Simulation Modelling, sensitivity analysis Balanced scorecard Globalisation and internet advantages Resources issues e.g. financial, workforce.
Learning Outcome 1 and 2 Assessment Criteria: 1.1 and 2.2 Weighting 20% Written report 1500 words maximum
Candidates are required to write a 1500 words discussion paper that addresses on the following topics:
The usefulness of business strategy theory in identifying and evaluating business opportunities and determining business strategies. Note: candidates should compare and contrast a variety of business theories and approaches.
The role of ethics in developing strategy for business success.
Candidates should approach this discussion paper as a reflective piece of work that focuses on their individual learning and understanding of the issues raised by the topic/organisation they choose. Their discussion should be critically !"#$%&'() +"%%,-, . /")012&%123 &'( 4"561)7 826&2,-1# 9%&''1'-
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evaluative and does not need to draw firm conclusions but should concentrate on raising issues for consideration when developing business strategy.
Candidates can be supported in their preparation for this task by centres arranging group discussions around the topic areas during which participants are encouraged to express, justify and debate their opinions. Following the discussions participants should be encouraged to record their learning and opinions which could then be used to produce their individual discussion paper.
Learning Outcome 1 and 2 Assessment Criteria: 1.2, 1.3, 1.4. 1.5 and 2.1 Weighting 80% Written report 4000 words maximum
Candidates are required to develop a business strategy for a hospitality or tourism organisation of their choice. Candidates assignment should include: An introduction into their chosen organisation including for example information on size, markets, products/services, target customers, current corporate/business objectives. The use of a variety of theories, models and concepts to critically evaluate two strategic options and their associated risks available to their selected organisation. Recommendation and justification of the best strategic option for the organisation to achieve its strategic objectives. Outline the business strategy for the organisation using appropriate planning models.
Secondary research activities are most likely to be used in this assignment. However, this should not preclude candidates from carrying out primary research if they feel it is appropriate. In this assignment candidates should ensure that they collect, collate, analyse and evaluate sufficient quantitative data to be able to identify strategic options.
When selecting an organisation, candidates should be aware that they need access to a range of quantitative and qualitative information in order to analyse and evaluate the businesss capabilities and resources. For example the information required will probably include, but will not be limited to: vision, mission and values financial reports marketing reports and distribution channel information data relating to tangible and intangible assets Human resources data.
Candidates may be able to gain access to this information through their contacts in industry. However, if this is difficult candidates should be guided towards hospitality or tourism Public Limited Companies, as the required information !"#$%&'() +"%%,-, . /")012&%123 &'( 4"561)7 826&2,-1# 9%&''1'-
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should be available through their published reports. The information is usually available through the investor information, (or similar), section on corporate websites.
Candidates will also need a range of quantitative and qualitative information in order to analyse and evaluate the external and competitive environments. Data relating to the external environment is most likely to be sourced from reports, particularly those published by government and non-government organisations, industry bodies and research institutions. Competitor data can be sourced directly from competing organisations, and also from industry bodies.
All research should be appended to this assessment.
All theories, concepts, models and industry examples must be appropriately referenced using the Harvard System.
Marking Scheme HospitaIity and Tourism Strategic PIanning Mark Scheme
Task Activity No. of Marks AIIocated InternaI Marking CTH Moderated/ FinaI Mark First Marker InternaI Moderator Agreed Mark
Task 1 Discussion Paper (1500 words maximum) Usefulness of theory and role of ethics Critical evaluation of business strategy theory, concepts and models.
Critical evaluation of the role of ethics in formulating business strategy and achieving business success. 10
10
Task 1 Total: Marks 20 Task 2: Written Report (4000 words Maximum) Business Strategy Introduction to organisation and research.
Use and application of theories, models and concepts to critically evaluate strategic options.
Recommendations, link to strategic objectives and justified.
Outline business strategy, use of planning models and synergy with critical evaluation and recommendations. 10
30
20
20
Task 2 Total: Marks 80 Total mark for Assignment 100