Thomas Cook Executive Summary

Political factors that may affect Thomas Cook plc may include civil unrest for example in Syria. This may affect Thomas Cook as their sales may decrease due to the lack of interest in visiting that country in turn giving low profits. Thomas Cook could be affected in the same way by the introduction of terrorist attacks, potentially facing a decrease in sales and even flights taking place. Another political factor that Thomas Cook may be affected by are health and safety regulations as they may have to situate capital into further health and safety precautions which could potentially lead to high expenses for the company.

The exchange rates risk that is associated with economic, transaction, and translation exposure in Indian market. From the analysis, anticipate the fluctuations that seem to occur in the next 24 months

Operations function is vital to overall business performance as it is where a number of process come together to make the products and service to satisfy customer needs. However, operation function needs the finance function to manage the flow of

There are lots of methods to solve the changes in foreign currency and interest rates issue, however, derivative financial instruments are the major tunes Nike enterprise has used to tackle this issue. Despite the fact that this approach does not wipe out comprehensively the risk of foreign exchange, Nike enterprise still utilize it to minimize or delay the negative consequences. Specifically, the derivative financial instruments comprise embedded derivatives, interest rate swap, and foreign exchange forwards and options contracts (Nike annual report, 2014).

Positive factors in the tourism of Thailand have been known as the hospitality, kindness of Thai people, beautiful natures, and strong strategy of tourism industry by the government of Thailand. Tourism industry in Thailand is a major component to the current economic foundations of the country and is an important component of economic growth in the future. Risks that may be a threat to the tourism industry in Thailand include the unrest that occurred in southern area, feelings of the people about lack of political stability.

Operations management is defined as the design, execution, and control of operations that convert resources into desired goods and services, while implementing an organizations business strategy (Business Dictionary, 2015). Office Depot Inc. is one such organization that truly understands that solid operations is the foundation to the success they have had in recent years. In this paper, I will give the history and background of Office Depot Inc. and explain why they have been able to keep such a competitive advantage in the consumer and small business supply industry. Additionally, I will

The political factor reflects to the degree where government’s role impact son the organisation’s operations in tourism and hospitality industry. The essential political factors including law, protection laws, tax rates and other situation along with political stability might influence the operation in tourism and hospitality industry. From global context, the political situation prevailing in UK can impact on the tourism. Situations are changing as terrorist threats are increasing and this is turning out to be a disadvantage for UK economy to work smoothly.

The tourism industry is one of the largest growing industries in the world and has allowed people to travel the world more freely. The American tourism industry has slowly been recovering since the 9/11 terrorist attacks which really hit the industry hard and people were afraid to visit America. Donald Trump was elected the 44th president of the United States of America in November 2016 ever since then the tourism industry has started to slowly decline. Now The American tourism industry makes up around about 20% of the world’s tourism industry. The tourism industry took a big hit in January and in March of 2017 when Donald Trump introduced a travel ban to seven Middle-eastern countries which outraged the world and the American public. The aim of this paper is to analyse the extent to which the election of Trump has affected America’s inbound tourism.

Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).

Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the

Just as it happens in other areas of life, business has various features. Even though it is not possible to evaluate all the parts that make up business operations, it is possible to establish an outline for some key fundamental aspects in the conduct of business, which include wealth management and creation, human resources management, advertising, and production. This analysis assumes that the four categories are the main building blocks of business operations.

From an environmental perspective, it is apparent that the world is starting to realise that increases in tourism are having a negative impact on the environment. This is due to increases in energy consumption, which in turn heightens the effects of global warming (Neto, 2002). There are many controls that governments are trying to put into place, such as flight rationing (Liverpool Business School, 2009). However, it can be argued that these have not really begun to have a significant effect on tourism, as they are still insufficient to dampen demand. It may become a problem in future years, as the number of controls is likely to increase. Perhaps the largest environmental factor would be natural disasters, like Hurricane Katrina (Cashell, 2005) and the tsunami that hit Asia in December 2004 (Birkland, 2006). These will impact negatively on people’s confidence in visiting places that have been hit severely by such disasters.

The tourists’ opinion on a destination is affected by the perceived benefits and costs (Sonmez and Graefe 112). One of the costs apart from expenses such as accommodation and transportation is the risk related to terrorism. With increased terrorist attacks around the world, one can assume that the perceived threat of terrorism at a tourist destination, like the one mentioned above, will result in a perception that views it as a costly place to visit. However, the process of making the decision on whether to visit a tourist destination or not depends on a number of important factors.

According to Enders and Sanders( 2002: 145-146), Terrorism is defined as, “The premeditated use or threat of use of extra normal violence of brutality by subnational groups to obtain a political, religious or ideological objective through intimidation of a huge audience usually not directly involved with the policy making that the terrorists seek to influence.” Tourist act as an unofficial ambassador between countries, binding people and countries; these tourist and tourist spots have been targets for the terrorist. Terrorist, using unlawful violence to intimidate towards the civil people, gain political gains. When a tourist spot is attacked, it weakens the binding between countries. In today’s world, the intention of hurting people and gaining attention have become easier through the internet. This cause tourist to rethink their chosen tourist spot due to their safety; starting from delaying the destination to avoiding it totally. Terrorist attacks impulsively affect the tourism industry in many different ways, whether be it social, political or economic, leaving a short term to long term effect on the tourism industry.

The operations function is important in implementing the strategy of an organisation because the business strategy only defines the long term plans for the company, whereas the operations function focuses on specific competitive priorities in order to meet the organisations long term plan. Prime Bank of Massachusetts had decided on a long term plan for the bank focusing on customer services and they needed the operations function to implement this long term plan through planning & control systems, workers and quality. Problems such as not having enough phone lines for the 24 hours customer service could cause customers to become irritated if they cannot get through on the phone and