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Strategic Management for Hospitality and Tourism

Strategic Management for Hospitality and Tourism

Authors
Publisher Taylor & Francis Inc
Year 11/11/2019
Pages 356
Version paperback
Readership level College/higher education
Language English
ISBN 9780815393474
Categories Tourism industry, Sports & outdoor recreation
$71.80 (with VAT)
319.20 PLN / €68.44 / £59.41
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Book description

Strategic Management for Hospitality and Tourism is an essential text for both intermediate and advanced learners aspiring to build their knowledge related to the theories and perspectives on the topic. The book provides critical and analytical insights on contemporary theoretical models and management practices while enhancing the learning process through worked examples and cases applied to the hospitality and tourism setting. This new edition highlights the rapidly changing socio-economic and political global landscape and addresses the cultural and socio-economic complexities of hospitality and tourism organizations in the new era. It has been fully updated to include:








A new chapter on finance, business ethics, corporate social responsibility, and leadership as well as new content on globalisation, experience economy, crisis management, consumer power, developing service quality, innovation and implementation of principles.







New features to aid understanding of the application of theory, and spur critical thinking and decision making.







New international case studies with reflective questions throughout the book from both SME's and large-scale businesses.







Updated online resources including PowerPoint presentations, additional case studies and exercises, and web links to aid both teaching and learning.





Highly illustrated and in full colour design, this book is essential reading for all future hospitality and tourism managers. 'The pedagogical approach and international context of this edition should be THE strategic management textbook to adopt to facilitate student learning and equip them with the much needed global exposure'.





Cathy Hsu, Chair Professor, Hong Kong Polytechnic University, Hong Kong





'The leading strategic management text book in our field that can greatly help our hospitality and tourism students, managers and executives. All key and essential theories and concepts are explained nicely along with interesting case studies'.





Marianna Sigala, Professor, University of South Australia





'This second edition of Strategic Management for Hospitality and Tourism provides the latest in strategic thinking and contemporary theoretical models and management practices. It addresses a range of cutting-edge issues including globalisation, experience economy, crisis management, consumer power, developing service quality, innovation and implementation of principles. A must read for both academics and students around the world.'





John Bowen, Professor, University of Houston, USA





'This comprehensively revised 2nd edition of the definitive hospitality and tourism strategy text provides students and professors with valuable enhancements that explain complex strategic theories, concepts and applications in plain and clear language. The eminent team of authors enlivens this challenging subject by incorporating relevant and engaging contemporary examples.'





Dimitrios Buhalis, Professor and Head of Department of Tourism and Hospitality, Bournemouth University, UK





'Strategic Management for Hospitality and Tourism has become the text for those teaching strategic management in hospitality and/or tourism programs. It includes a strong grounding in the principles of strategic management and illustrates how these are applied to hospitality and tourism organizations. The cases included in the text bring the application to life for the students and allow them to practice analytical techniques discussed.'





Brian King, Professor and Associate Dean, Hong Kong Polytechnic University, Hong Kong

Strategic Management for Hospitality and Tourism

Table of contents

Part 1: Introduction to Strategy

















Introduction to Strategic Management







Introduction





Fundamentals of Strategic Orientation





Historical Origins of Strategy and Strategic Management





Schools of Thought on Strategic Management





Strategic Management and the "Experience Economy"





Overall Aims of Strategic Management: Creating a Competitive Advantage





The Book's Approach and Structure





Summary





Study Questions













Strategic Management in Hospitality and Tourism







Introduction





Defining Hospitality and Tourism





Types of Hospitality and Tourism Organizations





Characteristics of Hospitality and Tourism Organizations





The Impact of these Unique Characteristics on Managing Hospitality and Tourism Organizations





The Case for Strategic Management in Hospitality and Tourism Organizations





Applying Strategic Management in the Hospitality and Tourism Context





Strategy Research in Hospitality and Tourism





Summary





Study Questions













Business Ethics and Social Responsibility







Introduction





Business Ethics in Strategic Management





Business Ethics and their Impacts on the Hospitality and Tourism Industry





Reasons for Unethical Behavior





Improving Ethical Behaviors and Decision-Making





Social Responsibility





Implementations of CSR





CSR Reporting





Summary





Study Questions











Part 2: Strategy Context













The Hospitality and Tourism Industry Context







Introduction





Characterizing the External Environment





Strategic Fit and Strategic Intent





Environment Characteristics





Environment Dimensions





Environment Types





Understanding the Macro Environment





The Sustainable Hospitality and Tourism Business





The Task Environment and Influence of Industry Structure





The Five Forces Model





The Dynamics of Competition and Strategic Groups





Environmental Scanning and the H&T Firm





The External Environment in the International Perspective





Summary





Study Questions













The Organizational Context







Introduction





Identifying Different Stakeholders





Organisational Functions





Influence of Organizational Structure





Influence of Organizational Culture





The Organizational Context in the International Perspective





Summary





Study Questions













Financial Analysis of a Hospitality and Tourism Organization







Introduction





Internal analysis





Financial analysis and financial statements





Financial ratios





Summary





Study questions











Part 3: Strategy Content













Business-Level Strategies







Introduction





The Parameters of Competitive Strategy





What is the Basis of a Good Strategy?





Positioning and Generic Strategies





The Industry Lifecycle and Competitive Dynamics





Resources, Capabilities, and Competencies





Causal Ambiguity, Inimitability, and Sustainable Competitive Advantage





Business-Level Strategy in the International Perspective





Summary





Study Questions













Corporate-Level Strategies







Introduction





Corporate Strategy





Corporate Strategy and Adding Value





Creating and Sustaining the Multi-Business Advantage





Corporate-Level Strategy in the International Perspective





Summary





Study Questions













Network-level Strategies







Introduction





Strategic Alliances





Franchising





Management Contracts





Joint Ventures





Wholly Owned Subsidiaries





Strategic Alliance Formation in the International Context





Summary





Study Questions





Case Study: International Expansion in Asia Pacific Region





Part 4: The Strategy Process













Strategy Formation







Introduction





Strategy Formation





Schools of Thought in the Strategic Management Field





The Planning Approach





The Learning or Emergent Approach





The Contingency Approach





The Configurational Approach





The Complexity Approach





Evaluating the Five Approaches





Strategy Formation in the International Context





Summary





Study Questions













Strategy Implementation and Change







Introduction





Previous Implementation Frameworks





Proposing a Strategy Implementation Framework





Barriers and Resistance to Strategy Implementation





Strategy Implementation and Change in the International Context





Summary





Study Questions













Leadership in Hospitality and Tourism







Introduction





Defining Manager and Leader





Leadership styles





Leadership development





Leadership in an international context





Success Factors in Global Leadership





Cultural intelligence





Summary





Study questions





Part 5: Synthesis













Conclusions: Relating Content, Context, and Process











Introduction





The Challenge of Strategic Management in the H&T Context





The Dynamics of Content, Context, Process, and Outcome





Sustaining Competitiveness





Managing Change and Creating Learning Organizations





Strategic Management in an International Context





Part 6: Case Studies





Case Study 1: Ocean Park Hong Kong





Introduction





Ocean Park Hong Kong Background





Tourism in Hong Kong





Analyzing the General Environment in Hong Kong





Competitors and Target Market





Discussion Questions





Case Study 2: SeaWorld Parks and Entertainment:





From Social Crisis to Reimagined Success





Introduction





About SeaWorld





Challenges faced by SeaWorld





Turnaround Efforts by SeaWorld





Looking Forward





Discussion Questions





Case Study 3: Din Tai Fung Restaurant Chain's Recipe for Success:





Challenges and Opportunities Ahead





Introduction





Background





Business Strategy





Challenges in the U.S. and Other Markets





Global Competitors





Looking Forward





Discussion Questions





Case Study 4: Six Flags: A Familiar Brand Takes on a New Generation





Introduction





The Amusement Park Industry





Six Flags





Six Flags' Strategic Direction from 2004-2009





Six Flags' Strategic Direction after 2010





Discussion questions





Case Study 5: Marriott Acquiring Starwood: Challenges and Opportunities Ahead





Introduction





History of Marriott International





History of Starwood Hotels and Resorts Worldwide, LLC





Acquisition





Post-Acquisition





Corporate Culture





Loyalty Program Consolidation





Security Breach





Looking Forward





Discussion questions





Case Study 6: Mr. Harris Rosen's Views on Entrepreneurship, Leadership and Corporate Social Responsibility: Insights and Implications for Hospitality and Tourism Education





Introduction





Harris Rosen on entrepreneurship





Harris Rosen on his hotel business





Harris Rosen on management philosophy and style





Harris Rosen on leadership





Harris Rosen on education





Harris Rosen on industry-oriented skills





Harris Rosen on philanthropy ("responsible capitalism")





Appendix A: Background of Harris Rosen, President and CEO of Rosen Hotels and Resorts





Appendix B: Rosen Hotels and Resorts Portfolio





Appendix C: Rosen Hotels & Resorts Employee Programs





Appendix D: Mr. Rosen's Philanthropic Activities





Appendix E: Mr. Rosen's Awards and Recognition





Appendix F: Harris Rosen's recognitions and philanthropic activities 2009-2019











Case Study 7: What You Can Learn from Service that Makes You Smile





Purpose Attracts Talent





And Talent Needs to be Nurtured, On Purpose





A Shared Purpose





Discussion questions

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