This subject is available under ICMS postgraduate degrees, please click the button below to find a postgraduate course for you.
The aim of this subject is to provide you with a business simulation experience that reinforces critical thinking and contemporary management decision-making skills. This will be facilitated through the Hotel Operations, Tactics and Strategy Simulation (HOTS) program where you will, in teams, be challenged to operate a hotel business for a simulated period of three years.
You will be challenged to exercise judgement and optimise organisational outcomes by responding to different business scenarios and reviewing and responding to the outcomes of the decisions and actions implemented over the duration of this subject. Furthermore, you will study key theories and concepts underpinning revenue and yield management in order to develop strategic plans within the context of contemporary hotel and hospitality management.
a) Critically evaluate the theoretical concepts and strategic considerations underpinning hotel operations.
b) Analyse and interpret financial and socio-economic data to inform evidence-based managerial decisions supporting a business plan.
c) Construct and effectively communicate the tactical and strategic management decisions central to tourism and hospitality business environments
d) Appraise the effectiveness of business decisions made in order to achieve a sustainable competitive advantage.
Learning outcomes for this subject are assessed using a range of assessment tasks as described in the table below.
A supplementary assessment is not available in this subject.