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