Business Overview
Global hotel business has been the most significant service that is offered all over the world. The business has been used to employ many who leaved jobless and also generated the income, supported many lives besides building the world in remarkable developments. The business has also facilitated the attractions of investments).. Nevertheless boosting the economy of the world by far.it is worth remembering that hotel business is all over the world, but in this case our hotel business is inclined to operate from Saudi Arabia as business base line.
The business background description
Once a business idea is in place, all a determined business entrepreneur needs to accomplish is to put the idea into place. Choice Hotel business was started by three people. The three come out with the pretty idea and later all implemented in and today the fruits’ of the three are enjoyed by many. The three people had met in the school of hotel and catering school, where they had pursued their degree in Hotel and business management. The three partners founded a strong business foundation through laying down business strategies that incorporated good business plan. the three incredible partners are to thank for the stunning developments experienced in the streets of Saudi Arabia. The business has opened many branches in the country. With the business’ growing power there is much to be grateful as the business has brought much development in the economy of the country
Overview of the Saudi Arabia business introduction
Choice hotel is probably the best hotel located at the kabuki one of the most developed streets of Saudi Arabia. The business as attracted many not only from the internal regions of the country but also across the world, having established its foundations well, Choice Hotel as the business entails has developed well to attract may investments around the country (Graci ,2008). Hotel business in this county is one of the investments that guarantee promising returns in terms of incomes. Thus for these reason the Choice Hotel management has embraced the idea of opening the next office branch in Gulf Region. Much like investing in the Hotel business will not only show that the business will work well in any part of the streets around the Saudi Arabia. But also will lead to more interconnections of other business that include: tourism attractions as a result of better and able accommodations guaranteed by the Choice Hotel( Chen,2010. About 5% of the people in Saudi Arabia enjoy working from the best hotels and restaurants. Evident that Choice Hotel, being one of the businesses, it gives back to the Society.
For the last two year the choice hotel has been seen grow from simple hotel services to the big restaurant business management .Thus increased the quality of the services, through creating good and understanding environment for other small businesses. These have called upon other small investor to seek partnership in hotel business as well. Taking relevant examples into considerations, 2015 was the most remarkable year for the Choice Hotel. Much like investment was experienced involving the government acknowledging that the business had brought more investment in the country than any other business could possibly do.
Risk management methods for hotel and hospitality industry
For the Choice Hotel to open an office in Gulf Region here is some of the remarkable feature that the business will first take into considerations.to start, does the business intended to open an office meat the fact of integrating organization of threat and opportunity?. Is the person involved in the business made sure calculations and evaluated the necessary risks that the business is exposed to and evaluated the possible non-traditional risk exposures? All these are the possible questions that a determined business man should ask his conscious mind. These will lead the business to the betterment results considering that the hotel and hospitality business has grown the complexity, hence exposing the business to strive competition that needs vigilance in developing plans.
Nothing like a day goes by in the world without getting to hear that hospitality business has faced a tragedy somewhere. For these reason it is necessary that businesses should adopt a business risk management( Chen,2010. During the spring and winter months, both profitable and inhabited vitality regulars all over the nation have been exposed to soaring energy cost. For hotel business the vivacities acquiesces the upshot. Hence these energy subjects disturb at all point of company service since reception to ascent in an crane the front table up to desk, from the operation of conference halls to food and drinks services and security. Hotel possessors and bosses ought to continuously reconsider their energy risk management policies as well as other bases, tragedy retrieval plans, sponsoring, and evading policies that will prevent threats in case they emerge.
The last few years gone, hospitality business like any other business has been straggling to grow, making progress in the utilization of subcontracting schedules for stuffs such as procurement services, network and other data host sites, and food and beverage( Chen,2010). Hotel owners and executives need to extent and take measure in the risk to their establishments, should these commercial associates not be in a locus to honor their prescribed responsibilities?. From these measure the Choice Hotel should make decisions pertain the possible risk that the industries are likely to encounter with, positive strategies spelled out and a good business plan be strategized.
Undoubtedly, managers in the hotel business encounter many threats revealed above as well as a diversity of new risks in their determination to increase developments. These is the reason as to why the Choice Hotel business need to embrace the idea of risk management in setting a strong foundation for the opening of new branches. Nevertheless for the business already in place the industry should acknowledge the idea through reading out business journals and working from the experience of any other existing business in the same sector .new-fangled structural businesses, and the collective rapidity of commercial doings are rapidly shifting towards expanding the possible risks hospitality administrations faces.
For instance, in raising privacy policy should be at the top of every single chief manager’s risk program. Therefore to benefit from the developed private strategy plan we should take the following benefits into considerations, the benefits include:
A confidentiality plan is desirable, maintains the business puts its plans in the run and maintains the customer list through remarkable income returns.
In most cases we are able to start business to make profit that can sustain the leaving standards of humanity. In my experience I consider success to be a well-integrated business plan designed to accommodate all the necessary required of risk management. Business owner should learn to develop strategies that weigh the available opportunities against risks and threats in making decisions. More advantage is gained from well-organized risk managements, measures are considered and competition gravity strategized to help in business programming. In simple arguments, risk management will easily develop a tactical reasonable and competitive scenario, shifting the benefit to aid hospitality officialdoms, change their attention from crisis reaction and acquiescence weighing risks in commercial policies and plans effectively.
Some of the necessary serious achievement features that ought to be involved in a risk management package comprise:
Setting the target, objectives aimed at raising and evaluating the objectives to bring success.
It is obvious that in the hotel services much like quality is needed to prevail. Guests in most cases they demand that classy services and good quality infrastructures(Graci ,2008. Poor services mean losing all the customers to the readily available competitors. If investors are determined to offer the services that will bring growth development and performances in their stocks, then it is necessary that they develop strategic plans meant to bring all these quality to its proponents of success.
Recommendations
Having explored about the risk management, it is worth convincing that no business that has made great in reference to the Choice Hotel. The strategy not only will bring the business to stunning profitable marks, but it will also give the business the quality of the name that it desires. From its reputation to what the hospitality business can offer. It is my recommendations to second the idea that the Choice Hotel should develop the same plan for their newly opening office. Gulf Region is the best strategic place that the Choice Hotel can operate their business from. Considering that Saudi Arabia as country is determined to improve its economy, then to great extend it is worth considerations that hotel business will embrace quality in the same business of Hospitality.
Advantage of using risk management
Risk management in business is considered to be very essential it is a discipline that can change the stands of growing business to a booming investment, not all managements realize the benefits of the strategy. But to great importance the risk management strategy is pretty advantageous than you can never figure unless tried( Rutherford ,2017).
Treatment of risk. To large extent when business adopts a risk management strategy. The business owners are guaranteed of risk treatment in case in emerges. It has got interior acquiescence that are conveyed and moderated towards the deserted schedules. Its prospect falls in the lack of groundwork and has a realized organs upon the commercial and facts that propagates organizations of the business to controlling stunt
Minimization of risk; using the same strategy as the risk management the possibility that the business owner can be in a position to detect when the business in in jeopardy and make remarkable moves before the risk. It handles the delicate prejudice that otherwise can bring risk in the business, besides the risk management will help in foreseeing the possible risk on the way and prevent its damages.
Awareness about the risk; from the term itself, it implies that owner of the business with risk management policy will always find a way to notice when and where the risk is stressing from. Here the terms that are observed resolve generate awareness between the programmed terms of jeopardies that are a fruitful examination and estimation of working out the components of risks. It permits one to quintessence on the threat conducts in the interior lessons cultured and programmed into privation of preparation.
Successful business strategies: Risk management plan is more than not one-time action and the categorized facts are confirmed surrounded by the new position. Nevertheless it has got diverse phases that moderate to lack of groundwork, preparation and efficacious operations of all the strategies. Also the plan with it has effective proficiency that is appreciated upon the modification of undesirable risks( Rutherford ,2017). Besides it has liable strategies concluding the groundwork of commercial in the actions of risk treatment.
Disadvantages
A risk management can be same times time wasting the fact that it has to venture most of its time monitoring the risks and persuading the business project to the investments towards the business, a lot is spend on the findings and examinations of the risks conducted to ensure business management.
Complex calculations in order to deduce the risks involved in the business, complex calculations are involved, the calculations may get deep and very complex if the solution is not met easily. Assumptions in these scenarios are not to be made since factual proportions are the only valued ideal data thus making the process very problematic in predict.
Unmanaged losses
If the association is interfered with cost, then that compensation will be conveyed to the refunding loss of the well-founded.at these scenario the association is accountable for the readily cost that occurred due to inappropriate program involved in the risk management.
Ambiguity
If the ambiguity is clearly out of cost and loss probably individuals have to protect it in the interior planned scale of fatalities of cost reductions and more so be considered pointless protection discounts
Initiatives to promote hotel business
The many schools that are open to the learners that teach hotel managements and many courses related to the hotel managements thus making the business to absorb the best in the service delivery
The kingdom has encouraged most tourists’ incoming by ranting them safety thus making responsible steps in hotel trust.
According to the report in the research conducted to find out the most growing business sectors in the country, it was deduced that hotel business is the most growing sector in the world, many people find in easy to start hotel business than any other business, its strategic plan is quit easy to assemble and manage. According to the trends in the business sector and the competitiveness index, it is clear that Hotel business specifically in Saudi Arabia has been considered the most developed country that has gotten its wealth from small business much of its invests coming from the hotel operations.
Future business outlook
The government has accepted the proposal that they can offer capital to the company to open up new branches in the entire world in the last year 2015 the government encouraged small partnership business through aiding the business with capital that concluded the business ‘idea in opening the new offices. The idea being married long time now, it only waited for it to be put into the practical shape.
Introduction to the Choice Hotel business
To those people who have a clue on how the business in being ran , they can lump with my concern that business needs more than determination , passion and above all extra hard working running hotel business requires more time and more of enticement that calls for the luring ability to acquire a good number of customers. Choice Hotel was started as small business in two partnerships. The business started with these two fallows having made their choice to venture in the hotel business hence the name of the hotel “Choice “to many people the business had come to their aid as they had not experienced such services before.it is very crucial for the government to embrace the ideas of the citizens and find it in the budget to give small business capital to engage in business that will later bring much to smile about in the contest of developing the economy of the country.
Gulf region as the best place for business
Amongst the most strategic place in the country gulf region stands to take the credit. The finding scrutinized the region and found out that people needed real hotel services. The management then took the liberty and stretched out its hands and captured the business place for the promising business. The one amazing thing with the place is that there is no any strong established business with a clear defined business plan like the Choice Hotel. Given that its first experience is the acting role model, the business is one in a million that will offer the most recommendable services in the region. Among the businesses in Saudi Arabia, Hotel business has shown that it is much easy to coordinate, substantial in providing enough sustainability for the growing economy of Saudi Arabia. The country being a land of many remarkable opportunities, it also needs more creativity to explore the resources and enhancing the development of the country’s economy.
Developments
Not only the government has taken positive measures in ensuring that growth of small business in the country, it has also encouraged entrepreneurship partners through sending its delegates to partner with the individual investors in increasing the industries and business like hotel services. It is worth reconsideration to remember that all the success that most of small Saudi Arabians businesses enjoy is as a result of morals derived from the best business which include the Choice Hotel as the role model. Developments of the hospitality schools in the country find their way easy to be absorbed into the opportunities offered in the hotel business. Choice hotel being the biggest business company, together with the government they have found a solution to the people who initially had no opportunity.
Hotel business in relation to other business
The business has brought many business in the region for instance the tourism business has created links with the choice hotel. Considering the business offers the services of accommodations in the hotel, these has by great significance created links that has facilities the exchange shares between the two businesses,
Choice Hotel’s contributions towards Saudi Arabian economy
The business of hotel has contributed allot in the growth of the Saudi Arabian economy, the business that itself has built in the region has brought a stand growth. Starting with the tourism business that the hotel business resulted from accommodations services( Rutherford ,2017. Nevertheless the business has contributed to the provision employment. These are not only experienced in the Choice Hotel but all around Saudi Arabia as country. The business has brought much development in terms of the infrastructures that are built with all the beautification moldings
Components of hotel business
Components of Hotel industry can be classified, based on the type of contribution they make to the country as direct, indirect, and induced
Direct contributions
Direct contribution refers to any action that is approved out in direct association with hotel, such as travel implementers, like travel managers, hotels, transport operatives, and vacation doings controllers. The income produced over these objects is discussed to as the direct involvement to the nation developments. Direct influence can be produced through tourist exports, national expenditure or the management separate expenses. Guest exports refer to the spending by worldwide hotel business within the terminus nation. Local spending refers to the expenditure by the inhabitants of the nation within the Saudi Arabian premises. The government distinct expenditure, besides, refers to its spending on the formation and conservation of tourist business attractions. The jobs shaped in order to enable such facilities all these are raised to as through direct influence of hotel employment.
Indirect contribution
These refer to any doings in the business activities that intricate with the hotel business industry, in a way, but then again not directly. This comprises capital venture, management collective spending, besides stock manacle possessions. Principal venture essentially comprises the spending by numerous businesses on hotel assets. Collective spending refers to government expenditure for the provision of the hotel businesses, like preferment ambitions, visitor data amenities, organizational amenities, and many more services in possession. Stock chain involvement befalls when spending earnings domicile for the acquisition of possessions, which act as contributions to the concluding hospitality production. Asset in the hotel subdivision is being alleged as a valuable option to hold asset in the nation. For instances the Kingdom has been vigorously intricate in the development of the touring and hospitality sectors, in which all will indirectly donate and add profited contributes towards hospitality sector. The Saudi Arabian national government, have got laid down plans always affiliated in the direction of boosting the indigenous economy by providing promoted vitality.
The business future outlook
Saudi Arabia as a country has enormous probable and both ability and capability to develop in business, businesses such as hotel and hospitality has proven that it can raise the economy of the country to splendid level. Hotel and hospitality business assumes the largest space in business allocation. These means that the government is ready to support any kind of business within the premises of the country’s development economy, places such as Jeddah, are sanctified with coastal states, through which there is hotel business and restaurants businesses foundations service from at high investment costs. With a sea front, that poses prospects to fun and show business services and appealing monuments alongside involving tourism and restaurant businesses. For the last few years the business in the country has been growing to make remarkable steps in standing as the only employment site.
The investments pattern amongst the Saudi Arabians obligate better in the past few years, and a change in expenditure conduct has led to the increase in national spending on hotel business activities. Moreover, high contribution of the formative years in the long-term lucrative routine marketplace has amplified stockholder revenues, and thus empowered in height spending on leisure and restaurant besides hospitality. These factors to large extent have led to an upsurge in the procurement power. Business can be the power to the solution of unemployment given that the world is up to any easy solution to growing economy.
References
Rutherford, D. G., & O’Fallon, M. J. (Eds.). (2007). Hotel management and operations.
Graci, S., & Dodds, R. (2008). Why go green? The business case for environmental commitment in the Canadian hotel industry. Anatolia, 19(2), 251-270.
Graci, S., & Dodds, R. (2008). Why go green? The business case for environmental commitment in the Canadian hotel industry. Anatolia, 19(2), 251-270.
Mauri, A. G. (2007). Yield management and perceptions of fairness in the hotel business. International Review of Economics, 54(2), 284-293
.Mauri, A. G. (2007). Yield management and perceptions of fairness in the hotel business. International Review of Economics, 54(2), 284-293
.Wheelen, T. L., & Hunger, J. D. (2011). Concepts in strategic management and business policy. Pearson Education India.
Lai, K. K., & Ng, W. L. (2005). A stochastic approach to hotel revenue optimization. Computers & Operations Research, 32(5), 1059-1072.
Tchankova, L. (2002). Risk identification–basic stage in risk management. Environmental Management and Health, 13(3), 290-297.
Chen, M. H. (2010). The economy, tourism growth and corporate performance in the Taiwanese hotel industry. Tourism Management, 31(5), 665-675.
Davidson, W. N., Chandy, P. R., & Cross, M. (1987). Large losses, risk management and stock returns in the airline industry. The Journal of Risk and Insurance, 54(1), 162-172.
Post, J. E., & Altma, B. W. (1994). Managing the environmental change process: barriers and opportunities. Journal of Organizational Change Management, 7(4), 64-81.
According to my understanding I consider December 29, 1890, to be the most dramatic massacre that I ever watched. Following the documentary, Ghost Dance, The West the American federal government had tried exerting control over the Native Americans. During this time of brutality, many new European immigrants were beginning to settle at the eastern border of the Indian acquired regions, at this place the Native Americans were also setting. Due to the two cultural differences, tension increased, and they all started to prejudice against each other’s self-governance. They began to scramble for the resources.
Dawes acts
The Dawes Act was adopted in 1887; it is also called the Dawes Severalty Act of 1887, named after the person responsible for its adoption (Henry Laurens Dawes). The Act was adopted to authorize by then the president of United States of America to guarantee the Americans Indians the survey of the land in which they were to settle. In the act, they had made their query for the president to allow the dividing of the land into allotments for Indians ownership. The Act underwent many of the amendments since then; many of these changes were characterized to the improvement of the Native Americans. The main objective being to create an environment through which the Indians will improve their living standards. The amendment act in 1893 was aimed at persuading all the Five Civilized Tribes to enter into an agreement to allotment plans. These amendments called for all the tribes to unite and project their grievances to the commissioner, all the five civilized Tribes were registered and became the Rolls of Dawes.
In 1898, the act was amended after the Five Civilized Tribes had come to be recognized as the Dawes Rolls. Under these act, the Curtis Act of 1898, was generated under which its objectives were inclined to the abolitions of their self-government, Allocation of communal lands to individuals itemized as tribal associates, and sale of lands affirmed extra, as well as thawing tribal officials. This magical treaty concluded the extinguishment of the tribal land titles in Indian Terrain, formulating it to be admitted to the state Union as the state of Oklahoma.
The Indian recognition treaty: this was the last Act that concluded the end mutual hostility between the European American and the Native Americans. The act was seconded by the administration of Franklin D. Roosevelt that led to the end of the depression which was exerted onto the Natives Americans. The act marked end land allotment and shaped treaties for Indians, reintroducing their rights which led to the Indians realizing their self-governments.
How Dawes Policies Impacted the Native Americans
The Dawes Act had same of the negative impacts upon the Native Americans. For instance, the act led to an ending of the communal holding of property. These resulted in the separations of the community and started own self-ownership of properties land and crops at the expense of each to own a place and homestead. Not only that the acts lead to the Native Americans lose their acres of land to the settlements, but also contributed to the distraction of the Tribes government.
The Native Americans land was trimmed in size and reduced by many acres. According to the Senator of Colorado Henry Teller he happened to say that allotment was the policy that was strategized to despoil the Native Americans of their lands. He claimed that thewas to make them hoboes. Nevertheless, the acts resulted in the introduction of the assimilation process in the natives Americans territories.
The main aim of the policies was to concentrate the Native Americans away from where the encroaching settlers were situated. But these never ended in the ways they wanted; instead, these policies caused the lives of many people and most sufferings to those who escaped the hazard of the massacre from the United States Amy. The war between the US military and the Native Americans was as a result of the dispute from the lands reservations sanctions that they resisted from being imposed on them by the administrators. This war that was fought between the United States and the Native American is what came to be called later the Indian War. The war extended its hostility till the two tribes had to go to the signing of agreements that gave the native credit to land on the reservation.
Purpose of the Dawes Act and the Realities for Native Peoples
Accountable for passing the disunion of the Native American reserves and making them possess homesteads of land for distinct households, the main purpose for the creation of the Dawes Act was to achieve six goals:
According to representative events for Americans and Native people requested Each associate of the groups or tribes acquired a land allotment as per the law subject of the state or land in which they existed. Every Native American who obtains a land allotment was to live away and far apart from the tribal norms. These separations were mainly characterized with a civilized mode of engagement adoption as granted with United States citizenship.
In conclusion, the amendments to the Dawes Act had much in impacting both the white European settler and the Indians. Dawes Act later protracted to apply to the other five communal concluded such plans as the Commission and the( Curtis Act of 1898) was methodically manipulated to remove the Native Americans of their lands and possessions for reservations to the other settlers for profitable gains. In the arguments of historian Ellen, Debo’s book “advanced a devastating scrutiny of the exploitation, moral corruption, and illegal activity that are. As a result t of stimulated from white government and implementation of the allotment policy. The war was as by far the result of the implementations of the Dawes acts that jeopardized the property and claimed many lives in the war.
References
Mooney, J. (2011). The ghost-dance religion and Wounded Knee. Courier Corporation.
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