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SIT50416 Hospitality Management

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Question:

The following report has concentrated on identifying as well as evaluating the strategies taken by the bar and restaurant managers. The report has indicated the fact that as per the reason that the hotel and hospitality sector is a highly competitive sector and it has become a flexible ground to penetrate for most of the entrepreneurs.

Hence organizations and their managers belonging to the sector, needs to sharpen their individual competitive edges to stay competent in the market. The report has indicated that one of the frequent strategies adopted by the managers and restaurant and pub owners is the cost leadership strategy.

However, the report has shown that lack of balance between investment cost and revenue and negative impact of social media are some of the crucial issues, which prevent an organization from achieving competitive advantages. The report has finally recommended that differentiation strategy and better communication with the customers will possibly eliminate the issues.

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My Assignment Help. (2021). Hospitality Management. Retrieved from https://myassignmenthelp.com/free-samples/sit50416-hospitality-management/hotel-and-hospital-industry.html.

My Assignment Help (2021) Hospitality Management [Online]. Available from: https://myassignmenthelp.com/free-samples/sit50416-hospitality-management/hotel-and-hospital-industry.html
[Accessed 16 September 2021].

My Assignment Help. 'Hospitality Management' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/sit50416-hospitality-management/hotel-and-hospital-industry.html> accessed 16 September 2021.

My Assignment Help. Hospitality Management [Internet]. My Assignment Help. 2021 [cited 16 September 2021]. Available from: https://myassignmenthelp.com/free-samples/sit50416-hospitality-management/hotel-and-hospital-industry.html.


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