Strategic Hotel Management Issues Essay Example | Topics and Well Written Essays - 2000 words

Strategic Hotel Management Issues - Essay Example . Also, management must decide whether it wishes to skim the market or penetrate it deeply. In such cases, the major challenge is to ensure that each of the channels makes sense on economic grounds. Flexibility and risk mitigation techniques will help a hotel operator to obtain a stable market position in Vietnam. Following Rutherford, a tourism industry is influenced by political, social and economic factors of a particular country. Using the case of the USA, it is possible to say that "among the country's living patterns. People and industry have moved from the so-called rust belt to the sun belt. The explosion of technology and information-based companies has concentrated human endeavor in technological corridor" (Rutherford 2006, p. 1). The country selected for analysis is Vietnam. In today's transformation from the industrial to the postindustrial era, managers devote much energy and time on each firm's strategic posture. Taking advantage of new opportunities and deflating threats may be the essence of strategy, but changes in strategy do not just happen automatically. Strategy depends on a firm's ability to identify emerging patterns in the business environmentand to act accordingly on time. Strategy design depends on learning or, more precisely, on institutional learning. Opportunities and threats will be anal... Opportunities and Threats for the Hotel Industry In Vietnam Opportunities and threats will be analyzed in terms of demographic characteristics, technology, market segmentation, vocation resorts, national economy, travel patterns and types of investments. Modern Vietnam (south and North), can be characterized by productivity, unemployment, and corporate restructuring preoccupying industrialized society, causing anxiety to firms unprepared to deal with these problems. Thus, as a developing country, Vietnam proposes opportunities for a hotel business (DeFranco and Noriega 1999). Opportunities Opportunities in Vietnam are connected with young population and huge investments in business, technological developments and modernization processes. Since 60 percent of Vietnam's population is under the age of 25, it is no surprise that hotel chains are also quick to make moves in Vietnam. Experts agree that the Vietnamese market holds tremendous potential over the long term. It may be two decades before Vietnam reaches the level of economic development found in Thailand today. Meanwhile, the country's location in the heart of Asia and the presence of an ample, low-wage workforce are powerful magnets for foreign companies. Overall FDI peaked at about $3.1 billion in 1997 after rising steadily since the early 1990s. Investment pledges totaled $1.48 billion in 1999, down dramatically from $4 billion in 2004. U.S. investment in Vietnam has lagged well behind that of other countries (VIETNAM: Economic Policy Analysis, 2006). Technology is still underdeveloped by local companies and in ternational corporation invest heavily in this sphere of business (Dittmer 2001; see appendix 1,2). Threats The population is very poor, with 2005 annual per

Application of Machine Tools Assignment Example | Topics and Well Written Essays - 1250 words

Application of Machine Tools - Assignment Example The tools are made involving more than one process where there is also application of other specialized machines and different tools of trade. Machine tool is a critical aspect in the industrialization of any country due to the position it plays in the economic advancement. The milling gauge is an example of a machine tool application. The machine is used in the manufacturing of arc welding and equipment used for cutting. The milled taper gauge is made with a tapered tip. This is because the tips are used in conditions that are limited to mobility and access to specific areas that need to be welded commonly inside a corner. The way that a milled taper gauge is made is critical and ensures an efficient outcome in the final process. There are several tools and machines used to make a milled taper gauge. The tapered tips on the gadgets are mounted on the front of the torch and normally hard to see around in tight spaces. As such, the gadget is made to have a longer and thinner tip to al low the welder more visibility and movement with ease. The tapered gauge is made using a series of tools and processes whereby the incorporation of a cutter to size up the correct size of the tip is crucial (Snyder, 2004). The process of making a milled taper gauge starts with the measurements where the accurate measurements must be made before deploying the use of a cutter tool to size the taper tips. The size is the initial consideration that should be calculated before setting off to use other machines and tools. After the measurements, the cutter is a crucial component, and it plays a great role in ensuring a taper gauge looks the way it should (Liang, 2005). The cutter is used to cut the size of the tip in different sizes as required. One gauge could have several tips with different sizes. This depends on the work the gauge is allocated to do. The milling gauge is used to cut unwanted parts of a machine tool while converting it into a usable machine of works. This makes the pro cess of making the milling gauge be specific and advanced to give room for a hundred-percent efficiency and reliable machine application tool. The taper is made of a low cost, simple, and versatile tool mounting system that uses the holders alongside tapered shanks. There is also use of a matching hollowed spindle that helps to clip the object during work. Tools that have tapered shanks are inserted into the matching inlets and forced into the place. They are then made to stay there through friction, where in some cases the friction needs to be increased with the use of a drawbar. The drawbar is a long bolt that holds the tool into the clipping area using more force to increase the friction. Caution needs to be exercised during the process of manufacturing a taper gauge since the joints and the connection points require accurate measurement to ensure it becomes a successful taper gauge. This means that any error that deviates from the norm can lead to a spoilt taper gauge which cann ot be ideal to work as an application tool. The taper gauge itself is an important machine that is very useful in a workshop. Clipping the tools in its expected place is a critical undertaking that is determined by the process used to make the gauge taper. To ensure that a taper comes out as an efficient machine, its parts are made and organized in a specified way to enable perfect handling of objects while working on them. There is a sequence of