Hid Case Study

Since the stakeholders revokes their contract with Regale Properties whose strategy is to host the city’s festival as marketing strategy to launch the hotel product offerings into the market and prefer moving into franchise with Marriott for best reasons known to them. The decision problem becomes “How do we better position and market the hotel product offerings into the mature competitive market?” To better define the problem at hand, we need to identify key decision elements surrounding the problem such as:

During the summer of 2017 I interned at Chicago HIDTA. HIDTA stands for High Intensity Drug Trafficking Areas. The agency’s main goal is to combat drug trafficking by disrupting drug trade and dismantling drug operations. Furthermore, HIDTA assists agencies in deconfliction to allow operations to function properly and without interference. HIDTA was created by Congress in the Anti-Drug Abuse Act of 1988 and assists Federal, state, and local law enforcement agencies that operate in areas that have been determined to be critical drug trafficking regions. HIDTA aims to reduces drug trafficking and production in the United States by facilitating cooperation between all levels of law enforcement, enhancing law enforcement intelligence sharing,

If the company wants to solve its problems and become attractive for the potential investor, it should solve all its problems. The most important, company has to develop a business plan. In this plan, all the problems will be solved through stating company’s vision, mission, objectives, marketing, production and financial plan.

Lastly, the report will develop an implementation plan for communicating messages to a key stakeholder. The report’s conclusion will discuss the vision of success and how the strategies could change how the organization will look in the future.

(1) The management team must adopt a strategic management plan. First of all, they have to develop a clear vision and a mission statement to inspire and motivate all the frameworks for the company’s future strategic planning. According to “Mission Statements and Vision Statement” (2011), “by crafting a clear mission statement and vision statement, you can powerfully communicate your intentions and motivate your team or organization to realize an attractive and inspiring common vision of the future” (p.1). The management team should create a mission statement that describes the company’s purpose and primary objective. For the vision statement, it should include the company’s value and purpose of the company. With a clear vision and mission statement, management and employees would be able to follow the right direction as a team. They also need to define “who their customers are, what products and services it supplies, and how these products and services are provided” (BUSN 460 Week 1 video, slide 3).

Every organization should have a strategic plan to achieve its goals in a limited time period, the strategic plan has many variable models. The strategic planning process that we studied needs a collaboration between the organization’s staff, board members, and strategic plan committee. This strategic planning process has ten guide steps.

Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
Create a plan to implement a firm’s strategy and manage the change from current operations. Analyze strategies for exerting the internal leadership needed to drive the implementation of strategic initiatives and improve operating excellence.

This defines what a company will do to achieve its vision. It may include the company’s functions, goals and philosophies

This defines what a company will do to achieve its vision. It may include the company’s functions, goals and philosophies

As we discussed in class, every business is faced with these issues and they are important to managers making strategic decisions. One of the first things learned about business is that if there is no demand for a good or service, the firm that provides it will not continue to exist. Over time the hotel industry has continued to change with market conditions and make itself attractive to business

This part we will look at setting the scope of the plan by identifying the critical business functions of the organization to be

For a long time researchers are trying to find the perfect recipe for success, however it is very hard to predict the response of the market to a new product and its adaptation to the environment. The Ice Hotel and the Travelodge are two ventures established in the end of 20th century both in the travel and hospitality sector but each one with its own unique business strategy. In evaluation of their success the decisions made throughout the development of the above mentioned ventures can be categorized as effectual and causal, as explained by Sarasvathy (2010). G.Sanvikarja suggests that causational logic is more rational and based on prediction where as the effectual strategy is more creative and is control orientated. Each of these approaches implies different strategies and reasoning behind both individual decisions and responsiveness to the environment. Furthermore, most enterprises follow a set of common principles that are key for building a business strategy including defining means, setting affordable loss, leveraging contingencies and forming partnerships (S. et. al, 2010). These four aspects are crucial for understanding how is a business created and what is its approach. However, it should be noted that most of the businesses are not strictly effectual or causal, rather a mixture of both with a tilt towards one. Every business is individual and should be treated like one. This paper will examine the business strategies behind the Ice Hotel and the

The main pitfall of planning is the misconception members have believing that planning solves problems. Too often, planners rely on opinions and hunches rather than facts. Once a plan has been established, all members in the organization need to be aware that issues may arise down the line and work environment can change unexpectedly. Some companies become so committed to achieving their goals that they fail to recognize the incremental changes in their plan and work environment. The lack of flexibility and creativity in an action plan can significantly affect an organization’s purpose. Another comparison to a good planning is the goal setting process. Goal setting can help turn a company’s vision into a reality, if the process is used accordingly. By precisely knowing what to achieve, associates can focus their effort on what is more important than on things that are less important. Goals require flexibility in the process, if there is no flexibility added to the process, goals would soon provide no reason at all. One way of setting effective and achievable goals is to use the S.M.A.R.T guideline. The S.M.A.R.T guideline is the first component of the goals setting process and is a useful tool in planning. The acronym stands for Specific, Measurable, Attainable, Realistic, and Timely. Clear and Specific goals are easier to accomplish than common goals because it contains a specific reason that clearly defines what is about to happen. In addition to being

The company’s vision and strategic direction is not clearly communicated and acted upon by all members. Functional managers are working on their own pet projects, which are not contributing towards the

Any organization¡¦s existence and the survival in the short and long run will mainly depend on the right people being at the right positions in the right numbers.