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Strategic Methods For Tourism, Hospitality and Event Organizations…
Strategic Methods For
Tourism, Hospitality and Event Organizations
Alternative strategic methods
Strategic methods in THE contexts
Organic (internal) growth
The commonest mechanism of growth
External mechanisms of growth: mergers and acquisitions (M&As)
The effects of mergers and acquisitions
Synergy – the main objective of mergers and acquisitions
Definition
The motivations for mergers and acquisitions
Potential problems and success factors with mergers and acquisitions
Government policy and integrations
Control of mergers and acquisitions: The example of the European Union (EU)
The relational approach to strategic management
External mechanisms of growth – Joint development
Categorizing various forms of joint development
Joint development in THE
Strategic alliances
Defining and Categorizing Strategic Alliances
Strategic alliances in THE
A conceptualization of the collaborative process for international airlines
Motivations for strategic alliance formation
Potential difficulties with strategic alliances
Partner selection in strategic alliances
Public–private partnerships
Franchising
Management contracts
Co-operative networks
Hospitality consortia
Referral networks
Methods of strategic development: a comparison
The
decision as to which method to adopt will be influenced by both internal and external factors including the
competitive, economic and regulatory environment faced by the company, the availability of finance and
other resources
The methods chosen may also depend on the relative strength of the organization, timing
and the balance of its portfolio of activities
Methods of retrenchment
What is retrenchment?
Reasons for disposal
Shareholders and disposals
Other methods of disposal
Equity carve-outs
Management buy-outs