Saturday, December 28, 2019

Nature Walk Social and Economic Benefits and Impacts Free Essay Example, 1250 words

Nature walk has both social and economic benefits attached to it. Through nature walk, people learn about the culture and traditions of other members of the population. It is also a source of income because tourists and inhabitants taking part in the walk might part with a certain amount, which would be in turn use to the process of improving the conditions of natural resources and wildlife (Farr 2012). Moreover, nature walk improves the immune system of participants. It further improves self-esteem and confidence. It also helps in advancing cognitive function and brain activity. In certain occasions, an organization might sponsor the activity. Thus, the revenues obtained from such sponsor or sponsors might be used to conserve the ecosystem as well as improve the standards of living of the inhabitants of Venice. Nature walk conducted within the ecosystem is critical to understanding and appreciating disciplines or specialties such as geography, network, and ecology (Farr 2012). Alth ough nature walk is universally acceptable and tolerable as a way of alleviating depression and anxiety, it has dire consequences to the environment particularly from eco-tourism point of view. We will write a custom essay sample on Nature Walk: Social and Economic Benefits and Impacts or any topic specifically for you Only $17.96 $11.86/page

Friday, December 20, 2019

The Financial Decisions of Small Business - 1037 Words

Small Business Financial Decisions Small business owners face many challenges when starting a business. Many people have a great concept, but few understand the difference between forms of money, capital, and risk taking. Responsible businesses do not just take risks without first calculating those risks. In fact, even the types of debt acquired by a business owner are considered carefully before decisions are made and action taken. It is these calculations and assessments that determine the difference between a successful and an unsuccessful business. Net present value, or NPV, is a cash flow calculation used to determine the actual payoff of an investment in advance. The formula used to calculate the NPV is the summation of the net cash flow at a specific time divided by the sum of one and the discount rate raised to the power of a specific time. The purpose of the equation is to determine how many years it will take for a specific expenditure to pay itself off and how many years it will take to gain a profit. The g eneral rule is that a financial risk is not worth taking if it does not produce a profit within five years. The net present value can be used whenever a new investment is being considered for a company. For instance, if I wanted to purchase a more efficient copy machine for my publishing business or new equipment for my assembly line, I would first utilize this equation and determine whether the investment is worth the money being spent. If not, then furtherShow MoreRelatedSmes, Family Involvement, And Financial Management1580 Words   |  7 Pagesinvolvement, and Financial Management In the Philippines, MSMEs can be considered as the backbone of the economy as they are major contributors of job creation and play a vital role as providers of goods and services to large firms. In fact, 99.6% out of 941,174 establishments in 2013 are micro, small, and medium enterprises. However, the attrition rates for startup MSMEs in the country can go as high as 50 percent, which means that many MSMEs are having a difficult time keeping their business alive. AccordingRead MoreA Research Article On Women810 Words   |  4 Pagesscholars seem to have assumed that all business owners were essentially the same, and groups of small business owners did not require different research (Achtenhagen Welter, 2011). Over the past 10 years in the United States, the rate of new business formation by women has outpaced that of men and other minority groups (Powell Eddleston, 2013). The increase in women business ownership has also increased the amount of research focused on women small bus iness owners (Avolio, 2011). Some researchersRead MoreEffects Of Cash Management1482 Words   |  6 PagesInvestment decisions and financing decisions as independent variables were used to measure financial performance in place of the dependent variable. The researchers were used self-administered questionnaire with quantities, and sample size of 100. The study presented that measured individually; there is a positive relationship between working capital management; investment decisions; financial decisions and financial performance. Also, the study indicated that the collective effect of financial managementRead MoreManagerial Accounting1152 Words   |  5 PagesAccounting Accounting is a crucial part in running a business. There are various forms of accounting that can be used, it is very important to know which technique is best to use for what companies. Once you figure out a particular technique to use, it is important to keep an open mind if there are any changes that need to take place in the business. By keeping an open mind helps the business adjust and be able to make the right decisions. Every business wants to make a profit; accounting is an importantRead MoreManaging Financial Resources and Decisions1091 Words   |  5 PagesUNIT 2: MANAGING FINANCIAL RESOURCES AND DECISIONS Unit 2: Unit code: QCF level: Credit value: Aim Managing Financial Resources and Decisions H/601/0548 4 15 credits The unit aim is to provide learners with an understanding of where and how to access sources of finance for a business, and the skills to use financial information for decision making. Unit abstract This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. LearnersRead MoreThe Impact Of Financial Control On Business Survival1687 Words   |  7 PagesFinancial Control is a major contributory factor to business survival. For many managers, exercising effective financial control is, at best, seen as a mystery and, at worst, not even considered. Yet monitoring a small number of important figures can ensure that you retain complete and effective financial control. A budget is a financial plan. It is a projection (forecast) of what will happen financially if certain strategies and decisions are implemented. This is something we all do from time toRead MoreCorporate Governance Practices Of Small Businesses1272 Words   |  6 Pagesgovernance practices of small businesses in Australia? Compare and evaluate the role of owners and managers. Business is an economic activity, which is associated with systematic production and allocation of goods and services that gives better satisfaction for human being. Generally, business play the major role to develop the social and economic condition of Australia. There are different types of business such as Small business, Franchise, Online business, Family business, Independent contractorRead MoreThe Importance Of Accounting Standards For Business Affairs1049 Words   |  5 PagesIntroduction IFRS is a general global financial language for business affairs that’s understandable globally and comparable across the international boundaries. IFRS initially was formed to harmonize accounting across European Union, but the value of harmonization was so overwhelming and attractive around the world that became a benchmark globally. Importance of Accounting Standards In this assignment I want to explain the importance of the Accounting standards. As the world economy is becoming integratedRead MoreThe Role Of Finance As A Driver Of Innovation1144 Words   |  5 Pagestells that larger organization innovates more and one of the reasons is that they enjoy the financial freedom. (J.A, 1912). In economy a well functioning financial market plays a central role in economic development by the way of motivating technological innovation (Levine, 1993) Availability of finance is a major element of innovative businesses. For large firms this will not be an issue but for innovative small firms external finance is important as the available internal finance is not sufficientRead MoreAccounting and Financial Statements Essay example1585 Words   |  7 Pagesconceptual framework develop the benefits of financial statements for external users. Financial accounting includes information distributed to external users that are not part of the enterprise, e.g. stockholders, creditors, customers and suppliers, although the information is also of interest to the companys officers and managers. (Yahoo, 2007) External users have an interest in the businesses final accounts. They are individuals or groups from outside the business. (Cox, Fordon, 2008) They are also interested

Thursday, December 12, 2019

Accommodation Management of McQuarrie Hotel †MyAssignmenthelp.com

Question: Discuss about the Accommodation Management of McQuarrie Hotel. Answer: Introduction The report helps in analyzing the different tasks that is related to the revitalizing McQuarrie hotel as this will help in meeting the current and future requirements of the customers. The consultant has been appointed in order to make the appropriate changes that are required in order to make the hotel more efficient and technologically advanced as well. There are different new and modern systems that are present in the industry and such can be used in McQuarrie Hotel as this is a 4 star hotel and this will help in improving the experience of the customers and this will enhance the profitability and revenue of the hotel as well. According to me, the respective hotel is performing well from the last few decades and the owner wants to include some technological advancement as this will help in making the endeavor more successful in nature. As a consultant, I feel there are few changes that can be done in order to bring some modern systems that are as follows: Internet of Things is one of the technologies that I feel can help in enhancing the experience of customers along with improving the efficiency of the organization as well. Internet of Things will expand and help in enhancing the guest experience, especially of the corporate clients and international tourists along with efficiency in the business and service operations for the guests by the chosen hotel. In addition, this will help in reducing the breakdown of equipments as well. This is a technology that can help in measuring the risk of Ultraviolet in a specific location and the sensor will help in guiding the employees in preventing such UV risks as well. Wireless charging is another technological advancement that can be used by the hotel as well as already more than 30% properties is using the Kube Systems (Park, Jeong Kim and McCleary 2014). The wireless charging will help in using resonant electromagnetic fields that will help in charging multiple phone sets with the help of special cases that can be away up to 17 feet (Nieves and Segarra-Ciprs 2015). This technological implementation of the hotel will enhance the customer experience as well as will help the employees to provide best service to the customers. For example, any social gathering of corporate events held at the hotel requires the employees to provide more amounts of facilities to the guests and this specific technological advancement will enable the organization to provide the same to the customers. Amadeus Global Distribution system can be used by the McQuarrie Hotel as this will help in distributing the inventory as well as the content and this will help the staffs of the hotel in understanding the number of reservations without much calculations as this helps in recording the data with implementation of Amadeus technology (Al-Refaie 2015). I feel the bookings that are done by usage of telephonic conversation as well as through emails can be replaced by this technology and this will help the hotel in gaining competitive advantage as well (Mok, Sparks and Kadampully 2013). Not only the customers will be benefitted by this system but also the more reservation and will be able to make the organization achieve the remarkable profitability to the same. Interactive walls are the other technological advancement that can be implemented by the respective hotel as this will help in providing interactive digital displays in public spaces (Aissa and Goaied 2016). Renaissance NY Midtown hotel in New York, Staybridge Suites hotel in New York, Hotel Indigo in London, multinational hotel brand W Hotels are some of the example that are using such technology as this includes motor detectors, 3D cameras as well as projectors and this will create living wall that will have the capacity to interact with the guests who are staying in the hotel ( Molina-Azorn et al. 2015). Robotics is the technological advancement that will help the hotel in using the robot as the mascot of the hotel (Prebensen, Chen and Uysal 2014). There are more than 20% hotels in the world that are using Robot as mascot as this helps in improving the recommendations as it will learn and this will interact with the guests as well (Ali and Amin 2014). Therefore, I feel that these are the different technological advancements that can be used by the McQuarrie Hotel as this will help in enhancing the experience of the customers and this will help them in improving the profitability of the hotel as well. I feel that McQuarrie Hotel can include other new segments of customers in their hotel for families, corporate clients as well as leisure guests along with international guests as well. I think the different sectors in the hotel have different requirements and the requirements can be met by the hotel staffs and the owner of the hotel with implementation of different technological advancements as well as provisions in the hotel. Along with this, the guests come from different background which defines their requirements. For example, requirements of the corporate clients and the international guests are mainly focused on the technologies. The international guests most of the time are advanced in technologies. Again, the corporate clients need technological equipment and facilities for their corporate activities. Apart from that the international guests requires some additional beneficial services according to their taste. Therefore, the facilities, service and the accommodation of the customers must incorporate with their requirements and background. For the corporate clients, McQuarrie hotel can implement the following strategies: Deluxe suit A proper conference centre Free Wi-Fi up to 1 GB per day Complimentary shoe polishing Foreign Exchange 4712441501808403 I feel these are the different provisions that can be provided to the corporate clients who are visiting and staying at McQuarrie hotel. For the international guests there can be implementation of following requirements: Proper transfer from and to airport Executive Lounge Executive health care gym and swimming pool Beauty spa and salon Free water taxi shuttle and bicycle all the time Free Wi-Fi up to 500 MB per day I will be implementing these provisions during the stay of the international clients as this will help in providing the desired services and they will be happy with the services of the hotel as well. For the families, there are different requirements that have to be met are as follows: 24 hour room service Airport transfer Child care as well as baby sitting Car rental service Gym and swimming pool Ladies floor These are the different facilities and provisions that can be incorporated by the respective hotel as I feel these facilities are common in other hotels and when such facilities will be incorporated by them, this will help them in gaining huge profitability in the future as well. For leisure guests, there can be few different strategies that can be implemented that are as follows: 24 hour room service 24 hour gym, spa and sauna Proper availability of the food and other snacks and drinks in their rooms Proper beauty and hair salon and spa Medical facilities Car rental facilities The facilities that can be provided to the leisure guests is different from the others as this is particularly for the customers who are visiting the hotel for relaxation and this will provide them proper entertainment and happiness as well. For leisure guests, proper facilities relating to gym, sauna is necessary as this will gain more competitive advantage in the business. I feel these are the different provisions that can be adopted by the respective hotel named McQuarrie. I think these provisions that can be adopted by the hotel as this will help them in gaining proper competitive advantage and this will help them in earning revenue and profit in the near future as well. I feel proper strategies can be implemented by the owner on the improving the performance of the staffs in the business. These will help in gaining proper success in the business as well. References Aissa, S.B. and Goaied, M., 2016. Determinants of Tunisian hotel profitability: The role of managerial efficiency. Tourism Management,52, pp.478-487. Ali, F. and Amin, M., 2014. The influence of physical environment on emotions, customer satisfaction and behavioural intentions in Chinese resort hotel industry.Journal for Global Business Advancement,7(3), pp.249-266. Al-Refaie, A., 2015. Effects ofhuman resource management on hotel performance using structural equation modeling.Computers in Human Behavior,43, pp.293-303. Hsiao, T.Y., Chuang, C.M., Kuo, N.W. and Yu, S.M.F., 2014. Establishing attributes of anenvironmental management system for green hotel evaluation.International Journal of Hospitality Management,36, pp.197-208. Kryukova, E.M. and Sokolova, A.P., 2014. Assessment of efficiency of the hotel management by a Russian company.World Applied Sciences Journal,30(MCTT)), pp.51-54. Mok, C., Sparks, B. and Kadampully, J., 2013.Service quality management in hospitality, tourism, and leisure. Routledge. Molina-Azorn, J.F., Tar, J.J., Pereira-Moliner, J., Lpez-Gamero, M.D. and Pertusa-Ortega, E.M., 2015. The effects of quality and environmental management on competitive advantage: A mixed methods study in the hotel industry.Tourism Management,50, pp.41-54. Nieves, J. and Segarra-Ciprs, M., 2015. Management innovation in the hotel industry.Tourism Management,46, pp.51-58. Park, J., Jeong Kim, H. and McCleary, K.W., 2014. The impact of top managements environmental attitudes on hotel companies environmental management.Journal of Hospitality Tourism Research,38(1), pp.95-115. Prebensen, N.K., Chen, J.S. and Uysal, M. eds., 2014.Creating experience value in tourism. Cabi.