laureate rcm301 risk and crisis management conduct a comprehensive scan to identify risks associated

Question:
Context
The organisational environment consists of both internal and external factors. Scanning the environment is important for any organisation to assess the factors that will impact organisational success. Thorough environmental scanning will consider all possible factors affecting the business climate, which influences the companys day-to-day business operation. These factors may be internal; personnel/human resources, company structure, specialist skills and available resource/infrastructure or external; political climate, the economy, trends and natural phenomena.
The process of environmental scanning does not only identify threats, it also identifies opportunities existing in the environment and it is a vital step in strategic planning for hospitality organisations. Risks can either present a threat or an opportunity; its a double-sided concept. Therefore, it is the responsibility of any organisations to manage risks by devising appropriate risk treatment strategies.
Note: Using Four Points Sheraton on Sydney hotel
Instructions
You are employed as a corporate risk manager at a mid-sized hotel chain that predominantly operates in the Asia-Pacific region. As a part of the organisations expansion strategy, the board has decided to acquire a 150-250 room hotel in an Australian state capital city (students should select the state capital city closest to their location). One of the potential hotel properties for acquisition is a well-established hotel located in the CBD that caters to the business and leisure market segments. The board of directors has asked you to conduct a comprehensive scan to identify risks associated with the potential acquisition of this hotel.
Students should select a 150-250 room hotel in their chosen state capital city and address the following:
Provide a brief overview of the chosen hotel, outlining location, facilities, target market characteristics, competitors, etc.
Using the concepts and theories of risk and crisis management, conduct a comprehensive environmental scan in which you assess the risks (both internal and external) related to the current operations of the chosen hotel.
Identify three (3) high priority risks related to the acquisition of the chosen hotel and critically analyse the potential impact of these risks on the future operations of the mid-sized hotel chain.
For each high priority risk identified propose at least one (1) risk response strategies to address the risk using the 4T framework (Transfer, Tolerate, Treat, and Terminate).

Read less







Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

New Look, Same Us. Enjoy 10% OFF this October using the coupon code: essay10