Every organization running a business needs to have a budget which helps in planning the business operations. Hospitality Industry is no exception. In fact, well-defined Budget which takes into consideration all parameters helps in conduct of operations smoothly. Definition of Budget – A Budget is an approved document prepared annually to forecast the expected revenue, …
Preamble – Hotels enter contracts for a variety of services and procurement. A well structured and defined Contract is therefore essential to ensure smooth operations. Vendor Management on the other hand is so critical that one cannot exist without the other. Need for Contract and Vendor Management – A hotel cannot hope to carry out …
Contract & Vendor Management In Hospitality Industry – Consultants View Read More »
Need for Due Diligence – Anyone interested in acquiring a business enterprise needs to conduct a thorough investigation related to the business proposed to be acquired covering all aspects. The crux of due diligence remains same as shown in the above chart though aspects to be covered vary depending on the type of industry. In …
Science Of Due Diligence – Consultant’s Perspective Part-1 Read More »