Business Is Defined Of Individuals Person †Myassignmenthelp.Com

Question: Discuss About The Business Is Defined Of Individuals Person? Answer: Introduction In the business environment, a business organization is defined as a group of individuals or a person that works towards achieving certain commercial objectives and goals. As other businesses are formed with the sole purpose of earning income for owners, non-profit business organizations are formed with the aim of meeting public demands (Fournout, 2017). This paper is a presentation of an individual task that examines essential issues related to business as well as the context of its effective management. The paper aims at gaining a proper understanding of the contextual factors that affect the internal and external business environment, aspects that have both direct and indirect impact on the decision-making and the advancement of every business. The paper hence identifies hotel business as a hypothetical business opportunity as a potential business that can effectively perform in both developing and developed countries. Brief description of the business There is a fortunate improvement in the global economy, meaning that business owners and consumers can be more confident concerning their financial situations and goals (Saraswat, Anderson, Chircu, 2014). As an entrepreneur, I will focus on the hotel business as there is a good sign that the business can succeed as the improvement in the global economy can translate into more money spent on business trips and vacations. The vision of the business will be becoming the clients most trusted partner with the passion of providing high-quality hospitality services to all. It will start as a small size business and will later expand to other developing markets such as Kenya, South Africa, and China. The most effective organizational structure In every city, it is very common that one has to find a functioning hotel, both in developing and developed countries. These hotels often consist of large chains, privately owned facilities, or franchises. However, the performance of the hotels depends on many other factors that will determine whether it will be a choice of the customer within the area it is located or whether it can attract other external visitors (Fournout, 2017). The organization structure the business will adopt is hence an essential factor that will determine not only the performance but the success of the business as well. As a result, the business will adopt a functional organizational structure that will provide a hierarchy with a number of executives charged with the responsibility of overseeing the whole business operation. The organization will then be broken into functional groups such as housekeeping, front desk and concierge services, and food and beverage services. The administrative group of the busin ess will include the human resource, accounting, and sales services. Other related services that will help in maintaining the hotel, as well as its surrounding investments, will include security department, general maintenance, groundskeeping, and the engineering services. Each functional structure of the business will be directed or overseen by supervisors who will then report to me as the general manager of the organization. However, the number of employees each functional group will require will directly depend on the size, functional areas, and the flexibility of the business among other factors. According to Verbos (2016) a functional hotel organizational structure enables every area to focus on the specific tasks that can allow the employees to increase productivity. It is because the coordination efforts within a specialized or one functional area are more effective and easier than coordinating the efforts across the organization. As a result, every functional area can successfully achieve its goals. Internal and external environmental forces that can impact on the business Like any other business, the hotel industry faces many uncontrollable internal and external variables that affect those involved in the ownership and management, restaurants, and other hospitality establishments. Verbos (2016) denotes that some of these factors cannot be controlled, but their effects can be mitigated through careful anticipation and planning. These include; Economics- the external factors like economic situation facing the global business environment and stiff competition from other service providers can directly affect the business. For instance, when the economies become sour, the business will be affected due to a drop in the discretionary spending. Bosque (2014) also denotes that tourism and hotel business may experience difficulty in times of extreme economic challenges leaving the business dependent on the continued patronage within the business community. Legal changes- the changes in law can directly or indirectly affect companies and operations within the hospitality industry and can rarely be controlled. For instance, the regulatory environment within the hotel business can change in certain times hence affecting the way airlines, hotels, and restaurants all perform their businesses. A change in the laws regarding tax can lead to the rise in the prices of certain commodities essential for the business such as gas, food staff, etc. hence affecting the cost of services within the industry. Technology- The continuous technological advancement has a direct effect on the global businesses including the hotel industry that is directly affected by the technological advancements (Allet Hudon, 2015). As new technologies are coming into the market, the business will be forced to adapt to the changes to remain updated and competitive in its services. Possible risks that can confront the business The entire success in the performance of the hotel will always depend on the entire operation process (Beck, 2015). In other words, in case a particular functional area is operating as required, the entire business operation can be affected. For instance, in case the guests experience an interactive front desk service, but the rooms are not clean, the overall satisfaction rating of the hotel can be affected. Knowing what the internal and external factors affecting the business are is essential in the provision of the contingency planning required in the business. Competition is also a factor that greatly affects the hotel business and determines the success of every new business within the hospitality industry Rhoden and Alexieva (2011). It can be caused by the economies and the regulatory factors within the area of operation of the business. However, offering competitive and high-quality services will be pillars of the business to help in ensuring the business remain competitive despite the challenges from other hotel businesses. Business practices that can enhance the performance of the organization The performance of a business is often dependent on the certain business practices that when adopted, will determine the level of success in its performance irrespective of the industry in which it operates (Saraswat, Anderson, Chircu, 2014). The business practices adopted should focus on ensuring that the objectives of the business are achieved within its sectors as well as the overall performance of the business. As a result, the business will adopt the following practices that will later become part of the business culture; Performance appraisal Training and development Competitive services Adopt the relevant technology in its operations Important functions within the business organization and relation to performance According to Williams and Zehner (2017), the financial budgets and operations of a hotel are often supervised by an executive with the general manager as the job title. At the same time, other businesses within the hotel industry tend to employ an assistant general manager reporting to the general manager since the hotel business is typically a 24-hour operation of guest accommodation. Hence, an evening shift supervisor will also be required to ensure a successful operation of all the operations within the working hours. With the nature of the organizational structure that the business will adopt, the manager of the hotel will be required to promote teamwork across all the functional areas of the business. In doing so, the management will be able to identify areas that need improvement and quickly improve the performance of any department in case it is not meeting the standard of performance required by the organization. Conclusion Health is as well an essential component of the hotel business. Studies show that the general cleanliness of the hotel environment, as well as the workers, often contributes to 80% in determining the level of customer satisfaction an aspect that determines why other hotels are more preferred by clients than others. Ensuring that cleanliness is at the top within the business will be our major goals, an aspect that will go together with the quality of services offered by the organization. References Allet, M. m., Hudon, M. m. (2015). 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