deliver projects on time and within budget often determines the growth of a company through product or service * Ability to adapt to a changing environment It considers the relationship between businesses and external factors. It examines how external and internal factors can impact upon businesses‚ and the responses they may take. It also examines a number of themes which are important in the strategic management of businesses‚ for example‚ leadership and corporate culture. * Ability
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largest 4 firms in an industry. Formula: CR4= Σ4i=1 si Calculation: (11‚834‚883 + 3‚845‚900 + 3‚696‚800 + 3‚650‚647) / 44‚582‚621 = 0.5165292996 = 0.516 (3dp) =51% Analysis: As the four firm concentration ratio is >50% this insinuates that this market structure is that of an oligopoly. Calculating the Herfindahl-Hirschman Index (HHI) Definition: The HHI is a concentration measure based on the sum of the squared market shares of all the firms in the industry. Formula:
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Resource Management in Hospitality Industry One of the most important departments of any hotel staff is human resources management. Proper human resources management can be the difference between a really well run hotel and a poorly one hotel. The human resources manager can control almost the whole feeling and presence of the entire hotel. This makes the importance of human resources management for hotels very evident. Managing human resources in the hospitality industry presents special challenges
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POLITICAL FACTORS AFFECTING BUSINESS Monitoring‚ understanding‚ and adapting to the political environment is absolutely essential for any business‚ because it significantly affects every apect of their working. Some political factors includeisPOLITICAL FACTORS AFFECTING BUSINESS Monitoring‚ understanding‚ and adapting to the political environment is absolutely essential for any business‚ because it significantly affects every aspect of their working. Some political factors include • Stability
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Contrastive Analysis in the Classroom 1. Introduction Contrastive analysis is a very controversial field of applied linguistics‚ especially in regard to its role in the language teaching process. There have been times when comparing languages was considered to be the very foundation of language teaching‚ and those when any reference to the mother tongue was absolutely forbidden. The aim of this paper is to show some misconceptions about contrastive linguistics in general and present the
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to the hospitality industry‚ few are more important the transportation. Without a way for tourists to get from their homes to destinations far out of reach of a car‚ there simply is no travel. As technology advances in transportation rules and regulations must keep up to ensure the safety of the general public as more than 822 million passengers are transported to and from destinations around the United Sates each year. One major law that has had a huge impact on the hospitality industry is a law
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Factors affecting Cultural tourism Economic Impact The events and festivals are recognized as economic drivers‚ with their help business and tourism are not only industry field which benefits from festivals‚ but the most cities and municipalities themselves benefit. Cultural tourism has been placed at the center of many urban regeneration strategies because it can provide the basis to reanimate city centers‚ rejuvenate existing cultural facilities‚ create new cultural
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Management and Rural Development ========================================== Factors Affecting on loan Repayment Performance of Farmers in Khorasan-Razavi Province of Iran Mohammad Reza Kohansal Assistant professor of agricultural economic dep.‚ Ferdowsi University of Mashhad‚ Iran Hooman Mansoori Msc student of agricultural economic dep.‚ Ferdowsi University of Mashhad‚ Iran Abstract This study investigated the factors influencing on repayment behavior of farmers that received loan from agricultural
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Capital Expenditures in the Hospitality Industry Abstract Hotels of any size are costly investments to begin with. The costs involved in maintaining the property to the necessary levels to keep attracting customers can at times be very high. Capital expenditures projects in the hospitality industry are primarily focused on the achievement of customer safety and comfort in a clean‚ friendly‚ and healthy environment. This paper will describe what capital expenditures are‚ what is involved in setting
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a very industry. It is a major problem in both developing and developed countries but the trend is more severe in developing countries. Large construction projects with their features of complexity and capital requirement have resulted interest to many researchers. Roachanakanan (2005) examined the causes and solution of cost escalation in Thailand and United States. He illustrated how the project cost control procedure used in United States can be applied to the construction industry in Thailand
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