HOSPITALITY SERVICES TEAM DECISION MAKING

ECONOMICS

DISTRICTS 2010

GENERAL WORKPLACE COMPETENCIES TO BE TESTED:

  • Communications--the ability to exchange information and ideas with others through writing, speaking, reading and writing.
  • Analytical Skills--the ability to derive facts from data, findings from facts, conclusions from findings and recommendations from conclusions.
  • Production--the ability to take a concept from an idea and make it real.
  • Teamwork--the ability to be an effective member of a productive group.
  • Priorities and Time Management--the ability to determine priorities and manage time commitments.
  • Economic Competencies
  • The ability to interpret financial statements.

SPECIFIC PERFORMANCE INDICATORS TO BE TESTED:

  • Explain the principles of supply and demand
  • Describe the concept of price
  • Identify factors affecting a business’s profit
  • Determine factors affecting business risk
  • Explain the concept of competition
  • Describe the concept of economies of scale
  • Describe the nature of cost/benefit analysis

BRIEF DESCRIPTION OF EVENT:

Your team will play the role of a management team for your business presenting your analysis to an executive or executive team. Your team will analyze one or a combination of elements essential to the effective operation of your business. You are co-managers of a hotel in a rural resort community; you will be meeting with the owner to discuss a new competitor.

MATERIALS SUPPLIED:

Note Cards

MATERIALS STUDENT SUPPLIES:

Pen and Pencil

HOSPITALITY SERVICES TEAM DECISION MAKING

MARKETING INFORMATION MANAGEMENT

DISTRICTS 2010

GENERAL WORKPLACE COMPETENCIES TO BE TESTED:

  • Communications--the ability to exchange information and ideas with others through writing, speaking, reading and writing.
  • Analytical Skills--the ability to derive facts from data, findings from facts, conclusions from findings and recommendations from conclusions.
  • Production--the ability to take a concept from an idea and make it real.
  • Teamwork--the ability to be an effective member of a productive group.
  • Priorities and Time Management--the ability to determine priorities and manage time commitments.
  • Economic Competencies
  • The ability to interpret financial statements.

SPECIFIC PERFORMANCE INDICATORS TO BE TESTED:

  • Explain the principles of supply and demand
  • Describe the concept of price
  • Identify factors affecting a business’s profit
  • Determine factors affecting business risk
  • Explain the concept of competition
  • Describe the concept of economies of scale
  • Describe the nature of cost/benefit analysis

BRIEF DESCRIPTION OF EVENT:

Your team will play the role of a management team for your business presenting your analysis to an executive or executive team. Your team will analyze one or a combination of elements essential to the effective operation of your business. You are co-managers of a water park in a mid-sized city; you will be meeting with the owners to discuss your promotional campaign to improve sales at the park. Knowledge of survey design is needed.

MATERIALS SUPPLIED:

Note Cards

MATERIALS STUDENT SUPPLIES:

Pen and Pencil