7260THS: Individual Video Report Assignment Help
7260THS: Individual Video Report assessment is a compilation of 3 Tasks that require students to present their response to three tasks in the form of an oral presentation that is pre-recorded. The task draws from the content of Workshops 1 through 4 and requires a demonstration of key accounting and financial concepts as they apply in hospitality and tourism organizations.
In this guided solution, we systematically present a brief of Tasks 1, 2 and 3 along with a 50% solution of each task. By presenting a 50% solution, we aim to demonstrate our knowledge and capability in assisting students seeking help in individual video report assessment.
Let’s unravel the huddles of this task and take a look to get a better understanding.
Task 1:
Task 1 required students to scan through the list of five-star luxury hotels in Chicago, select one specific hotel and then select a bar or a restaurant within the selected hotel. Students then needed to identify how the management of the chosen bar or restaurant could note and minimize the impacts caused by fluctuations in sales. Students also needed to provide examples of accounting information that the manager would need to decide which mitigation strategies would be best suited.
As evident in the two screenshots below, our experts have carefully selected a luxury hotel and a bar/restaurant within it. Strategies for mitigation in sales variation have also been explained by our experts in detail.
Only 50% of the discussion has been presented here. Need a detailed set of strategies? Please Call Us at +61 871501720.
Task 2:
Task 2 required an explanation of key measures that might commonly be used to assess the operational performance of hotels. This needed an inclusion of a minimum of two measures that are commonly adopted by managers in the hotel industry.
In fulfilling requirements of this task, we have analyzed key measures that restaurant managers commonly use. This is presented in the screenshot below:
These are only 50% of the measures discussed in the actual solution. Need assistance in determining all operational measures? Please Call Us at +61 871501720.
Task 3:
In Task 3 students needed to think of themselves as the CEO of a chain of hotels that is operational in most US cities. Following the BSC approach to measuring performance, students needed to take each performance dimension in the BSC into consideration and devise a strategic objective for each dimension. Further, a performance measure needed to be identified for every identified strategic objective. Finally, students were required to demonstrate the manner in which performance in one BSC dimension would impact performance in other BSC dimensions.
The following screenshot represents four dimensions of the BSC, with brief identification of a strategic objective in every dimension.
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