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Strategic Management For Tourism, Hospitality And Events 4th Edition Nigel Evans - Solutions
=+Do we have enough working capital?
=+Is it sufficiently profitable
=+Do we have the funds?
=+2. What options might be feasible for an airline seeking to expand operations focused on London?
=+1. Explain the difference between ‘suitability’ and ‘feasibility’ illustrated by this case.
=+2. What factors might it be useful for Kenes to take into account when considering opening new international offices?
=+1. Explain why a screening process might be beneficial this case when assessing international expansion.
=+2. What are the advantages and possible disadvantages to the country of placing restrictions on foreign ownership imposed in this example?
=+1. Explain the issue of suitability highlighted by this case.
=+z In relation to the direction of development, outline the main product–market decisions that are required.
=+z Describe the four criteria that can be used to evaluate strategic options.
=+z Explain where strategic evaluation and selection fit into the strategic process.
=+z Explain the limitations of an ‘emergent’ approach to strategy when it relates to strategic evaluation and selection
=+z Understand the differences between a prescriptive and emergent approach to strategy
=+z Explain the issues involved in choosing between strategic options relating to THE organizations
=+z Understand examples of the ways in which THE organizations have utilized evaluation in choosing their strategies
=+z Understand the financial and non-financial tools and techniques that can be used to evaluate strategic options
=+z Describe the three criteria that are applied to strategic options
=+z Explain the key areas that strategic development decisions concern
=+z Describe the nature of strategic options in relation to THE organizations
=+ – What methods of development should be adopted?
=+ Which products or services should be developed, and in which markets should they be sold?
=+How can advantage over competitors be achieved?
=+2. Why do you think TUI decided to sell these particular assets?
=+1. Why is TUI engaged in a program of disposals?
=+z In what circumstances might organizations consider disposals?
=+z Explain what is meant by retrenchment.
=+z Explain how organizations might choose between allying, buying or DIY.
=+2. What difficulties might Best Western have in competing effectively with branded chains?
=+1. What advantages does Best Western membership provide for an individual hotel?
=+2. What are the risks and benefits for SkyWest?
=+1. What are the advantages for major airlines of subcontracting services to SkyWest through management contracts?
=+z Why has franchising been so successful as a growth method for THE and ancillary services?
=+z Outline the benefits and potential difficulties of franchising for both the franchisor and the franchisee.
=+z Providing examples from THE, explain the differences between growth achieved through franchising and management contracts.
=+2. What might the potential difficulties for a Holiday Inn franchisee be?
=+1. What might the potential difficulties for a franchisor such as Holiday Inn be?
=+2. Why has franchising been so prevalent in certain parts of THE, including fast food, car rental and hotels, but not in others?
=+1. Why have American companies been particularly successful in using this form of growth?
=+2. Could the same approach be easily transferred to other cities?
=+1. What are the management and governance issues that might arise in such a PPP?
=+z Why might PPPs prove unsuccessful in some circumstances?
=+z What types of development in THE are involved with PPPs?
=+z Explain the objectives that public and private sectors hope to gain from PPPs.
=+2. Why does the public sector not carry out such development on its own?
=+1. What direct and indirect benefits does Baltimore hope to achieve from its PPP?
=+2. What other methods might be appropriate for developing such an event?
=+1. Why might a PPP be effective in these circumstances?
=+2. What motivates public authorities to form PPPs such as the one in Denver?
=+1. What competences and resources are provided by the public and private sectors in this case?
=+2. What factors might lead the strategic alliance to be unsustainable?
=+1. What are the advantages of the two branches of Radisson operating in a strategic alliance?
=+z Explain why partner selection is so important in strategic alliances and what factors should considered.
=+z Explain the difference between a strategic alliance and a tactical alliance.
=+z What might an organization do to ensure that its strategic alliance is successful?
=+2. What difficulties might have been encountered after the two parts merged?
=+1. What are the factors that led to the two parts of Hilton merging?
=+2. What factors have led to airlines forming strategic alliances?
=+1. What are the differences between strategic alliances and codeshare arrangements?
=+z Explain the difference between a strategic alliance and a joint venture.
=+z Using relevant examples, explain why THE organizations seek to form strategic alliances.
=+z Explain what is meant by a ‘strategic alliance’ and how it differs from a merger.
=+2. Consider the factors that might lead to the joint venture being discontinued in the future
=+1. Outline the principal reasons for Marriott and Alibaba forming a joint venture.
=+z Providing examples, explain why public authorities try to regulate mergers and acquisitions.
=+z Explain the measures an organization should take to increase the probability of success of a merger or acquisition.
=+z Explain the reasons why mergers and acquisitions sometimes go wrong.
=+2. What are the risks that may occur in an acquisition such as this?
=+1. What are the main advantages cited for the acquisition of Starwood by Marriott?
=+z Summarize the reasons why a business might seek to pursue external rather than internal growth.
=+z Using examples from THE, define and distinguish between a merger and an acquisition.
=+z Define and distinguish between internal and external business growth.
=+2. Why might the methods used have changed at different periods in its development?
=+1. Explain the methods that Reed Exhibitions has used to grow.
=+2. Why do many airlines historically have low and variable profit levels?
=+1. What factors favored consolidation in the international airline industry?
=+2. What are the potential advantages and disadvantages to Accor of this form of growth?
=+1. Why do you think Accor has chosen mainly to grow organically?
=+2. What sort of competitive threats might Frankfurt Messe face?
=+1. What are the advantages and possible limits of the Frankfurt Messe business model?
=+z Describe and distinguish between the three conceptual approaches to strategic management that are introduced in this text.
=+z Using examples from THE, define and distinguish between internal and external business growth.
=+z Explain what is meant by a ‘disposal’ and describe why at times THE organizations might pursue this pathway
=+z Compare and contrast the circumstances in which the various methods might be used in the constituent parts of THE
=+assess with relevant THE examples why organizations enter into them
=+z Describe what is meant by the various forms of joint development such as strategic alliances and
=+z Explain the motivations behind mergers and acquisitions and the reasons why they succeed or fail
=+z Describe and provide illustrations of the various types of mergers and acquisitions
=+z Define and distinguish between internal and external methods of business development and to provide relevant THE examples
=+z Outline the advantages of organizations having a balanced portfolio of products in relation to the levels of risk incurred.
=+z Explain why there are relatively few conglomerates operating as public companies quoted on the world’s stock markets.
=+z Explain why organizations do not always want to grow, and outline the alternatives.
=+2. What is the purpose of a typology in aiding understanding, and how useful do you think it is in this case?
=+1. Assess the lessons that might be learned by airlines from this pandemic that might be applied to future crises.
=+2. Identify and explain the main elements of Holiday Inn’s turnaround strategy
=+1. Explain why Holiday Inn had to launch its turnaround strategy.
=+may be advantages in being part of a large, diverse group. Explain what these advantages might be.
=+3. Although many of the businesses contained within HNA appear to be unrelated, there
=+2. Consider the reasons for HNA’s failure.
=+1. Consider the reasons why conglomerates such as HNA remain successful business forms in many countries.
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