Tags: Democracy Institutions Essay5 Paragraph Argumentative Essay OutlineCulture Different Essay In MourningDisadvantages Of Cohabitation EssayPublic Administration Research Paper TopicsGroup Home Business Plan
( External efficiency is measured by customer satisfaction and by market share.To achieve customer satisfaction the company requires, and is depends on, the timely received goods and its services to specification by external suppliers.
brands are leading in customer satisfaction and owner and franchisee preferences. Marriott International has become the world’s leading lodging company, not only through its deiverse portfolio of global brands, but also by training and engaging the best employees (300.000) to delivery the best service.
As we can see, two very big hospitality company operating worldwide are constantly trying to add value.
The value chain highlights the importance of the operational manager being involved in all aspects of the process, from suppliers right trough the customer.
With the value chain approach functional boundaries are ignored and in many organisations its now accepted that the operations manager has to control the whole process from buying in goods and services to the final stage of satisfying the customer.
Once the value chain is defined, a cost analysis can be performed by assessing the costs of the value chain activities.
The cost obtained from the accounting report may need to be modified in order to allocate them properly to the value creating activity.Company dedicated for the tradition of providing exceptional guest experience across its global brands distributed over a total of more than 3400 hotels in 79 countries.The company manages the world-class guest reward program called Hilton HonoursÂ®, innovative technologies to enhance the guest experience. In-depth local knowledge set industy standards around the world.There are several ways which a firm can reconfigure its value chain in order to create uniqueness.( The changes in technologies can impact the competitive advantage changing and making possible new configuration of value chain.According to Porter (1985), cost leadership and product differentiation can be pursued simultaneously only under rare conditions.If organisations are to achieve competitive advantage by delivering value to customers, managers need to understand which activities the undertake are especially important in creating that value and which are not (Johnson et all 2008) .Porter identified 10 cost drivers realting to the value chain activities: A firm develops a cost advantage by controlling these drivers better than do the competition.A cost advantage also can be pursued by reconfiguring the value chain.Marketing, accounting, human resources are not showing up in the value chain, but the operational manager has to be interesting and to be involved in these internal functions of the organisation as well.(Wright and Race 2004) Information technology is changing the way companies operates.