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Published byΑλέξιο Ταμτάκος Modified over 5 years ago
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Hospitality Management Strategies In Perspective
Chapter 1
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HMS - Globalization and the
Management Environment
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HMS - Global Focus (sectors)
Airlines Attractions Car Rental Cruise Lines Food Service Gaming Lodging Travel Related Services
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HMS - Global Drivers (rationale)
Market extension Branding/brand extension Travel Diversity Real estate Transfer of capital/assets Dilute risk
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HMS - Global Strategies
Transnational Multinational Global
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HMS- Global Strategies
Transnational “…operates on a global scale but permits each unit to develop in its own right according to local market needs.”
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HMS- Global Strategies
“…single (same) products that appeal to as many customers as possible.”
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HMS- Global Strategies
Multinational “…uses flagship units to provide ideas for new units - domestic expertise to expand globally.”
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HMS- Global Challenges
Foreign business practices Political stability (risk) Economic stability Market acceptance Operating nuances (cultural perceptions) Business protocol Cultural considerations Management perspectives
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HMS - Global Perspectives
Business Protocol “…sets of unwritten guidelines or rules for the conduct of business, dining, and entertaining…”
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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
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HMS - Global Perspectives
Management Perspective View of the job Paternalistic leaders Power perceptions Power distance Individualism Organizational structure
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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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