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Compose a 1000 words essay on MOHG. Needs to be plagiarism free!bserved that the competition relating to the segment of hotel industry is likely to increase in future that ultimately depicts that Mand
Compose a 1000 words essay on MOHG. Needs to be plagiarism free!
bserved that the competition relating to the segment of hotel industry is likely to increase in future that ultimately depicts that Mandarin Oriental Hotel Group (MOHG) would face the difficulty new participants in the industry (Scribd Inc., 2012). By taking into concern this imperative aspect, MOHG effectively develops effective business strategies in the form of external plans. The group emphasises upon advancing its working people as well as enhancing teamwork as a structure of external strategy with the intention of dealing with the aforementioned problem (TMIUS, 2001).
The suppliers’ bargaining power is expected to be moderate in recent day context as the reputed or renowned hotels do not desire to compromise their delivered services with quality (Scribd Inc., 2012). In this regard, MOHG execute the strategy of buying products in bulk quantity from its different suppliers that ultimately supports the group to lessen suppliers’ bargaining power (HKMA, n.d.).
There have been numerous operators or hotels in the global hospitality industry, which eventually augments huge competition amid the existing market players (Alpen Capital, 2011). In a similar concern, MOHG adopts as well as implements effective business strategies in order to accomplish significant competitive position over its chief business market contenders. The group has been noted to frequently develop its various products or services and most significantly it organises dynamic promotional campaigns of its different services in order to remain competitive in the hospitality industry (HKMA, n.d.).
The customers possess broad assortment of options that are readily accessible to them due to the introduction of internet as a form of online channels. This particular aspect not only supported the customers to take appropriate choices for their destinations but also enabled them to review as well as compare hotels along with their services by a greater extent. Thus, it can be stated that
