Strategic Planning to Accomplish Their Vision and Mission

LO4 Factors Affecting Successful Implementation of Strategies

Taj hotel is one of the leading hotel of London and developing their business day by day. To attract a large number of customers with products and services they need to develop effective strategies to attract customers and increase the capabilities of their products and services to satisfy customers' wants.

Leadership

Leaders help business to achieve and develop their organization at a extreme level and to improve potential of their products and services(Smith, 2017.). Hotel need effective leaders that help them to achieve their target and purpose and have ability to expand and develop capabilities of their output and services. Leader are important to develop smooth working in an organization and require to developing business at a dominant level. Leaders help to lead employees towards success of organization.

Initiates Action

Leaders of taj hotel help to communicate business plans and policies to all other people in organization.; Communication helps them to initiate and expand their business at a large scale. Leadership theories

Inspirational Motivation

Hotels use transformational theory to lead their employees. Leaders of hotels try to motivate their employees and develop their effectiveness towards their products and services. They can vision, mission, and values to motivate their need to interact with their employees and try to cope up with new technologies and trends. They need to guide their employees towards a particular challenge to develop their vision and mission. Need to develop teamwork and develop the commitment of employees to accomplish the goals and objectives of the organization.

Intellectual Stimulation

Leaders of hotel try to encourage their employees to bring out their innovation and creativity that help them in development of their business. It helps them to get new ideas from their employees. Leaders need to know that rather than giving them punishment for their mistakes they try to solve those problems.

Idealized stimulation

Leaders need to develop trust and positive image in mind of employees. Leaders of the taj hotel need to develop themselves so that employees consider them as their role models. It helps them to get respect from their employees and increases their ability to develop business(Bryson, 2018.). It helps leaders to motivate employees and improve their effectiveness in achieving organizational goals.

Individualized consideration

Leaders need to take care of each and every employee in an organization and try to promote and improve their effectiveness towards development and achievement of goals an organization. Employees are treated according to their talents and knowledge that help them in growing and improving effectiveness of their products.;

Structural design

Taj hotel need to develop a structural design for their business to develop and maintain smooth working environment in their business that help them in development of their organization at a large scale and improve competency of their products and services. To develop strategies for development of business structural design of business affect overall development and potential of their output.

Define Business Units or Department

To prepare an effective strategy for business company need to know their business structure and effectiveness of their products and services and analyse impact of their business. Hotel need to know that each and every department in organization are working for a same purpose and towards development of a common goal that help them to accomplish their goals and objectives and require to expand organization at a large scale(Elbanna, 2016.) . All units of business need to align for creating an effective organizational structure. It all department of organization are not working for organization goal then it effect on overall development of strategy.

Type of Organizational Structure Fits in Business

Hotel need to decide organizational structure that fits their overall working and help them in achievement of their goals and task. Taj hotel is a large organization that needs all departments like production, human resource, and analysis of different performance metricsnance to work effectively and according to each other requirements that help them in the development of their goals and tasks. If the overall structure of Hotel Taj is not able to fit their requirement and help them in the development of their business then they are not able to prepare strategies for the fulfillment of their tasks and opportunities.

Define Executive and Management Teams

Executive management teams of Taj hotel is responsible for overall development of their business and work for development of their goals and task. Managers need to know that each and every department is working for overall development of their goals and opportunities. Taj hotel need managers that have ability to guide all other department of their organization. If managers are ineffective and not able to develop effective communication and development towards their organization then they are not able to expand their business and develop effectiveness of their products and services.

Establish Performance Metrics and Compensation

Hotel needs to know that when the structure for the development of the organization is defined then each and every employee know their responsibilities and working for the development of their business(Altinay, Paraskevas, and Jang, 2015.);. Each and every job is able to meet organizations need and have ability to explore and expand their business. If jobs are not clearly defined then they are not able to develop business and improve potential of their products and services.

Information and Control Systems

Information system is responsible for development of an organization. Taj hotel need to develop an effective information system that help in improving effectiveness of their business and to achieve goals and objectives of their organization. Information system help to prepare plans and policies for organization that help in achievement of goals and tasks of an organization and require to develop; effectiveness of their products and services.

Information System

Information is required at each and every level in an organization to expand their business and increase opportunities for their products and services and to promote their business at an extreme level. Information system help Taj hotel to know their performance and their abilities to develop business at a large scale. They need to communicate with their employees to gather important information that is required for overall development of their organization and to improve competency of their services.

Control System Aligned with Organization Goals

Taj hotel need to align their organizational goals with their objectives that help them in development as well as achievement of their goals and objectives. It help hotel to prepare strategies for development and establishment of their business at a leading level and improve effectiveness of their products and services.

Help in Decision Making

Information system help hotel to take required decision that help them in smooth working of their business, decision making is required for overall development of organization and to attain target of their organization(Ali, 2018.) . Important data gathered from employees and customers help taj to develop plan and control problems that are occurred in their organization.

Motivate and Bring Efforts

Help to motivate employees and improve their efforts and effectiveness that help them in their development as well as achievement of their goals and objectives that are required at a large scale to develop their business.

Human Resource Analysis of Different Performance Metrics

Human resource is one of the main function that help organization in achievement of their vision and mission. Taj need to hire effective employees those have skills and abilities to develop their business at a large scale Analysis of different performance metrics and able to develop organization at a large scale. Human resource means all people working in an organization.

Staffing

Human resource department of hotel Taj help them in development of their business. Hotel need to identify the job role that help them in development and achievement of goals and objectives. Hotel need to analyse talents and ability of their employees to develop plans. Need to maintain ethical practices while hiring their employees. If HR department of Hotel taj is not able to hire employees effectively then it effects overall expansion and effectiveness of their organization they are not able to develop strategies for development of organization.

Development

HR department is responsible to provide effective resources and hire employees that help the organization to obtain its goals and objectives. To develop business they need to train their employees, provide them opportunities for their own development. Praise efforts of their employees(Lordkipanidze, 2018.) . If they are not able to develop[ relation with their employees then it will affect all over the organization and their working at a large scale.

Compensation

Hotel need to compensate their employees on the basis of their roles and their performance that help organization for their development. Fair compensation help them toAnalysis of different performance metrics motivate and influence employees towards development of their organization. If employees are not getting fair pay and remuneration for the work done by them it effects their overall development.

Safety and health

Hotel need to take care about safety of their employees. Need to develop safety measures and develop unions that works for welfare and development of people and society. Need to provide appropriate safety equipments that help for development of people and organization.

Employee and Labor Relations

Need to develop effective relations with their employees and have to maintain overall working of an organization. Developing relation with employees help them to complete work on time and effectively for overall development of organization and to improve effectiveness of their services.

LO5

Analysis of Different Performance Metrics

Critical Success Factors

Critical success factor is vital for organization to develop and improve their effectiveness of Hotel Taj and help them towards success of their company and to achieve goals and objectives of their organization. Provide whole company a benefit to develop and expand their abilities(Hassanien and Dale, 2019.);. Success factor help to link with the business strategy and important in development of business as a whole organization. Help to increase market share by engaging huge amount of customers with products and services of Hotel Taj. To become successful they need to provide rewards to their employees to develop satisfaction.

Pull Together The Team That Will be Working With CSF

Hotel need to develop a team that help and working for development of business and to prepare a critical success factor for their business. They need to effective employees that are able to develop plans and policies and effective for organization as a whole.

Have Employees Submit Their Ideas

They need to provide opportunities to their employees so they provide their important feedback for development of their organization. Need to get opinions of their employees that help them to expand their business at a dominant level and prepare strategies for achievement of their goals and objectives.

Use Multiple Framework to Examine Key Elements For Long Term Goals

Taj hotel need to use different frameworks to analyse their success factors that help them to achieve goals in a long run. They can use swot analyse to prepare their internal effectiveness for achievement of goals and objectives.

Determine Factors Help in Achieving Long Term Organizational Plans

Taj hotel need to know which factor from proper analysis help them in development of their company in a long run(Ling, Liu and Wu, 2017.) . Make effective use of those factors while developing strategies for their business.

Implement Your Company Plan With CSF

Hotel need to combine those success factors with overall development and strategic plan to carry out; their goals and objectives that are require to promote their business at a large scale.

Key Performance Indicators

Help Hotel to evaluate success for their organization and to meet objectives for overall development at a leading level. Help company measure their value and to achieve their goals smoothly in an organization. KPI's is a valuable action it inspires overall development of organization and develop effective communication for development of organization at a large scale and improve capability of their products and services. To define their KPI company need their aim for example prepare a sales growth KPI for Taj hotel, their aim is to increase customers by 30% this year and achieving that target help them to increase profitability of their business. To achieve goal they need to hire employees and promote their services to their customers they can analyse their growth by increase in revenue.

Balance Scorecard

Balance scorecard help is a system for strategic planning that help Taj hotel to establish smooth working in their organization(Tuan, 2018.) . It help Hotel to communicate their working in an organization that they want to attain their goals and target. Help to align overall work of organization and develop strategy for their organization at a leading level. They need to analyse overall market and develop plans according to that analysis.

Customer Perspective

Hotel need to focus on their customers and make them satisfied with your products and services and works for development of organization at a large scale. Customer satisfaction is most important factor for overall development of organization and help hotel to increase profitability for their organization.;

Financial Perspective

Hotel need to analyse their financial health to know overall effectiveness of their business. Finance help to implement smooth working in company and to achieve goals and objectives of organization.

Learning and Growth

Hotel need to know that customers are able to learn new technologies and services that they are providing them and how effective it way to influence their customers. Need to provide proper training to employees so they are able to cope up with new technologies and trends.

Internal Business Processes

Need to know ability of their business to adopt changes in an organization. Company need to reduce waste and try to develop their business at a large scale(Nwosu, 2016.) . Effective utilization of resources help them to develop their business at a extreme level and improve effectiveness of their services.

Critically Evaluate Key Elements

Adaptation

Hotel Taj want to adapt new technology for development of their business that help them to develop and improve effectiveness of their business and to accomplish their goals and objectives that help them to engage large number of customers towards their products and services. They need change agents like managers leaders that help them to bring changes in their organization and works towards overall development and to improve effectiveness of their services. To bring change and to manage those changes they need to train their employees effectively to adapt those changes and develop their business according to those changes. Changes in hotel need to be easy and to develop business and employees are able to adapt those changes.

Reconstruction

To develop their business and improve effectiveness of their business they need to reconstruct and improve effectiveness of their business. Managers of hotel are one of the main function that help in development and reconstruction. Managers need to take proper care while reconstructing activities and functions of their business to develop and improve effectiveness of their services and engage large number of customers(Secchi, Roth and Verma, 2019.) . Reconstruction need to be easy so that it will not confuse customers. Desirable that organization wants to achieve for development of their business. Need to be understood for customers as well as employees.

Revolution

Taj need to bring changes in their online booking services and the rooms that they are providing to their customers and need to; develop effective utilization of their resources that help them to fulfil goals and objectives of business. Managers need to take proper care of services that they are providing to their customers need to be effective and able to develop their business at a large scale. The managing team needs to know their old activities and try to understand them and develop new strategies that are able to develop their business and improve the effectiveness of their services.

Evolution

Hotels need to evolve with new technologies and products and services that are able to engage a large number of customers and improve the effectiveness of their products and services. Evolution help them to earn a competitive advantage. Manager plays important role for development and works towards overall development of organization. Managers need to be creative and able to easily adapt changes in an organization and need to be effective for development of organization. Need to develop change to make hotels working easy and make those changes understand by others in an organization.

Also Read: Managing Business Operations in Effective Manner

Conclusion

Strategic planning help Taj hotel for overall development and to improve competency of their products and services and require to establish smooth working in an organization. Leadership help to implement task and make efficient use of resources and minimize wastage in an organization. Whereas structural design help to attract employees towards work and develop business. Structural design help to make all department work together for achievement of a common goal and towards success of their organization and to achieve goals and objectives of their business. Key performance indicators help hotel Taj to increase their overall profit and engage large number of customers. Get more details about assignment help from our experts.

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