Executive Report/ Management

Introduction

The report is about the management of strategies at Hyatt Hotels. The report describes the history and given an overview of the organization that Hyatt belongs to hospitality industry. It operates more than 200 hotels and motels. After giving the overview, the report presents the findings of external environment analysis. According to this external analysis the industry in which Hyatt Hotel operates facing severe nature of competition. Various technological and social factors that are affecting organization are also discussed. The internal analysis of the organization shows that although, the firm is in good financial position but different brands under the umbrella of Hyatt hotels are losing its worth as they are getting old. In the end, few recommendations are made by keeping in view the result of the analysis.

In today's world where entrepreneurship and owning your own business is considered to be the latest fashion to acquire wealth and status we see a lot of new businesses launching every month and every year but only few of them are able to maintain their position in the cutthroat competition and rivalry. Maintenance of the success of the business totally depends on the strategies a business owner adopts to operate it. Strategies are the nub that decides the success or failure of an organization. As we all well aware of the fact that, the main purpose of operating or conducting a business is to earn a profit and to run the business in a lucrative way. In order to fulfill this main ambition of the business, managers totally and completely rely on the strategies that they devise. Strategies provide direction to the business. The aim of this paper is also to talk about strategies. In this paper, strategies of a renowned and first class hotel with the name of Hyatt are discussed in a significant detail (Wetherly, 54).

Aims and objectives of the report

As mentioned above that basic purpose of this report is to discuss the management of strategies of Global Hyatt Corporation in a holistic approach. In today's world, the phenomenon of globalization is in vogue. This phenomenon of globalization urges organizations to expand their business and search better opportunities across the border. When an organization decides to go international then the management of that the organization has to devise strategies to meet the global challenges. To fulfill this main purpose of the report, there are various sub objectives that would lend a hand in covering the core of the topic. These sub or mini objectives include exploring the external and internal environment in which the business operates and then on the basis of this analysis of external and internal environments few recommendations to make which would enable the business to cultivate benefits due to the implementation of these recommended strategies (Jones, 99).

About the organization

Global Hyatt Corporation is a US based organization that operates the business of hotels and motels. There are two hotel companies with the name of Hyatt Hotels Corporation and Hyatt International from which Global Hyatt Corporation operates ...