advantages of looking at strategy formation from the perspective of different schools of thought

advantages of looking at strategy formation from the perspective of different schools of thought

Assignment 1 (part 3 of 3)- 500 Words-Weeks 8-10 Questions to choose from: CHOOSE 1 ONLY

1.    Are there advantages of looking at strategy formation from the perspective of different schools of thought? Which school of thought would you recommend for hospitality organizations?

2.    Why might strategies fail for hospitality organizations? Give examples.

3.    What can hospitality companies do to create and sustain competitiveness? Justify your responses and give examples.

4.    How much emphasis should be given to the diversity and size of companies in the international context when formulating strategy? Are there other factors? Justify your responses.

part 2.

Assignment 1 (part 2 of 3)- 500 Words-Weeks 5-7 Questions to choose from: CHOOSE 1 ONLY

1.    What are generic strategies, citing hospitality examples? How are hospitality firms able to use these strategies at the business level to create competitive advantage?

2.    Differentiate between resources and capabilities for hospitality organizations, citing examples. How are competencies defined, citing examples?

3.    What is the industry life cycle? Describe the market conditions that may prevail at various stages of the life cycle for a specific hospitality sector. Provide examples.

4.    What is corporate strategy? And, Do large hospitality organizations need corporate strategy? Justify your responses.

5.    What is a joint venture, and what are the benefits of this form of partnership for the partners, citing hospitality examples? And, what are the challenges of forming strategic hospitality related alliances in an international context?

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