Some Thoughts on How to Prepare Your Hotel for the Future
By Mostafa Sayyadi Management Consultant, The Change Leader Consulting Inc | January 19, 2020
Global expansion of business is constantly changing as hotels are increasingly participating in international markets. New strategies may be necessary as the globalized market demands are increasingly difficult to adapt and sustain profitability. The emergence of global business environments drives hotels to become world-class. Hotel executives can play a crucial role in improving performance and achieving a high level of effectiveness and world class efficiency and effectiveness.
Today's globalized nature of competitiveness is placing more pressure on hotels to employ effective hotel managers who are capable to develop a global vision for hotels. They need to think globally yet act locally because local strategies need to be realigned with the global economic integration and for individual countries. Organizational commitment, flexibility, and innovation are necessary attributes to evaluate the success of hotels in global markets.
In fact, hotel executives in world-class hotels are highly characterized by enablers of organizational commitment, flexibility, and problem-solving oriented. The global markets represent cross-cultural settings and require hotel executives who can adapt to various environments successfully. A cross-cultural setting can enhance the employee's organizational commitment through empowering human assets and developing an inspiring vision for future.
The major tasks of hotel executives in today's global business environments include:
- Empowering employees
- Generating a shared vision, and;
- Creating fundamental changes at the organizational level
Furthermore, sustained sales performance in global markets is dependent on continuous learning. Hotel managers can build a learning climate through identifying intellectual capital and empowering them. They may be able to enhance performance and profitability in global markets through empowering human resources and enabling change.
One way that these new strategies may be valuable in foreign markets is because these strategies shed light on the critical role of employee's attitudes and values in implementing change. Hotel executives can, in fact, enable performance in globalized markets through implementing organizational change and developing a shared vision for future expansion into global markets.