Hospitality Management Major Marketing Class - Interview Project Essay - 1

Hospitality Management Major Marketing Class - Interview Project Additional Info - Essay Example These principles have enabled the company edge competition and increase market penetration (Slack, 2007). It defines its services as good music, good food, and good services. Essentially, hotel Pennsylvania is a classic pub that embraces the American culture and provides the revelers with quality music, performances, and quality food. The customers of the cafà © are attracted to the courteous services, fun, and lively ambience. The Hotel Pennsylvania values the business ethics and practices, which has enhances the companys mission in leveraging the market (Slack, 2007). They have the advantage of sound financial records and out matches its competitors, has the experience and delivers a strong coffee brand reputation. Arguably, the company is widely known to have the largest coffeehouse chain globally (White, 2006). They employ the best brains in the industry and offers employees with extensive benefits and high salaries. Employee motivation translates to high quality of goods and services. The hotel has been in the business for a long time and understood that strategic supplier partnerships are critical in enhancing the success. This has enabled them to bring forth efficiency in logistics and supply chain management (Steinhoff, 2003). Inherently, strategic supply partnerships stand on a better position in helping companies heighten their level of logistics and supply chain management. The importance of such strategy is improving cost efficiency and reliability. The revolutions in the technology world and Internet accessibility made the urban population develop a new social class of persons with the urge to get rich and enjoy a good life. The people embraced the culture of success, good life and productivity (Steinhoff 2003). Notably, New York has a huge traffic, which provides them with an opportunity to expand their business. They have competent employees in terms of chiefs, who make special diet menu that

Business in asia Essay Example | Topics and Well Written Essays - 2750 words

Business in asia - Essay Example The researcher states that the classical growth theory argues that economic growth can negatively impact on the rising population and inadequate capitals. The classical theorists believe that short-term increase in actual GDP can result in population explosion which can ultimately reduce the actual GDP. The neoclassical theory depicts that steady economic growth can only be achieved with correct amount of labor, money and technology. It was the extension of â€Å"Harrod Domar Model† which tells that higher amount of savings and higher minimal production of capital can increase the growth rate of economy. In developing countries, labor is plentiful, but the capital is limited, which in turn reduces the amount of savings and leads to low investment and low economic growth. The endogenous growth theory depicts that economic growth is mainly the consequence of endogenous force and not due to external impact. According to this theory, investment in labor capital, invention and info rmation are the significant elements which can determine economic growth. Endogenous theory also shows that policy actions can also influence on the long-term development of economy. In this theory, the engine of growth is the labor capital because endogenous theorists believe that if labor capital accretion increases then the productivity of employees and physical resources also increase. The endogenous theory observes innovation as one of the major determinants of technological development and productivity growth. Therefore, developing countries that invest more on research and development are able to accomplish higher paybacks. The Simple AK Model which is developed by Paul Romer (1990) is the modest endogenous model. This model shows that exclusion of lessening return can result in endogenous growth (Slide 40). Question 4 Austrian Business Cycle Theory seeks to clarify the economic succession which indicates variations in production or economic movement in a country. These varia tions happen around a long-standing development tendency and usually comprise alterations over a period of time between stages of boom and burst. The Austrian Business Cycle Theory observes business cycles as the unavoidable result of extreme development in bank credit, aggravated by integrally harmful and ineffectual central bank strategies which cause lower interest rates for longer period of time. It can result in unnecessary credit formation, hypothetical economic bubble and reduced savings. According to this theory, low interest rate for a constant period of time and extreme credit formation can result in unpredictable and uneven balance between savings and investment. The increase of credit can result in higher money supply and higher money supply leads towards un-maintainable boom during which the artificially induced lending reduce the investment prospects. Thus, the Austrian Business Cycle Theory denotes that bursts can happen if the lending or credit formation becomes unma nageable. A saving induced boom is maintainable, but