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Hospitality Management Strategies In Perspective

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Presentation on theme: "Hospitality Management Strategies In Perspective"— Presentation transcript:

1 Hospitality Management Strategies In Perspective
Chapter 1

2 HMS - Globalization and the
Management Environment

3 HMS - Global Focus (sectors)
Airlines Attractions Car Rental Cruise Lines Food Service Gaming Lodging Travel Related Services

4 HMS - Global Drivers (rationale)
Market extension Branding/brand extension Travel Diversity Real estate Transfer of capital/assets Dilute risk

5 HMS - Global Strategies
Transnational Multinational Global

6 HMS- Global Strategies
Transnational “…operates on a global scale but permits each unit to develop in its own right according to local market needs.”

7 HMS- Global Strategies
“…single (same) products that appeal to as many customers as possible.”

8 HMS- Global Strategies
Multinational “…uses flagship units to provide ideas for new units - domestic expertise to expand globally.”

9 HMS- Global Challenges
 Foreign business practices  Political stability (risk)  Economic stability  Market acceptance  Operating nuances (cultural perceptions)  Business protocol  Cultural considerations  Management perspectives

10 HMS - Global Perspectives
Business Protocol “…sets of unwritten guidelines or rules for the conduct of business, dining, and entertaining…”

11 HMS - Global Perspectives
 Cultural Considerations Ethnocentrism - “the presumption that one’s own cultural use and habits are superior.” Stereotyping - “oversimplification and erroneous characterization…” Negotiating styles Perspectives of management

12 HMS - Global Perspectives
 Management Perspective View of the job Paternalistic leaders Power perceptions Power distance Individualism Organizational structure

13 HMS – Global Strategy Facilitators
Capitalism Peace Technology Diversity Cost structures Labor availability Consumer demand Growth rates Government assistance Economies of scale


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