Competitive Advantage in Tourism and Hospitality Organizations Essay by academic

Competitive Advantage in Tourism and Hospitality Organizations
Outlines how tourism/hospitality organizations utilize internal resources to achieve competitive advantage.
# 46264 | 2,077 words | 15 sources | APA | 2002 | US
Published on Dec 22, 2003 in Business (Management) , Business (Human Resources) , Tourism (General)


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Description:

This paper is a concise critical evaluation of the extent to which a firm can attain a sustained competitive advantage with the astute use of internal resources. The paper contains a thesis statement and a literature review. The literature review outlines the significance of the topic, the various internal resources available to tourism / hospitality organizations, and the efficient employment of these resources. The review is followed by the author's analysis of the relationship between competitive advantage and astute use of internal resources.

From the Paper:

"Broadly categorizing these resources leaves us with two variations: external and internal resources. Whereas tourism and hospitability-related organizations are heavily dependant upon shifts and adaptations in external factors and resources, the internal resources are what ultimately determine the competitive advantage of these organizations. The organizations must manage their internal resources most efficiently in order to meet the challenges posed by the external operating conditions of these industries. Therefore it can be suggested that the astute use of internal resources are what gives a firm sustained competitive advantage."

Cite this Essay:

APA Format

Competitive Advantage in Tourism and Hospitality Organizations (2003, December 22) Retrieved July 06, 2022, from https://www.academon.com/essay/competitive-advantage-in-tourism-and-hospitality-organizations-46264/

MLA Format

"Competitive Advantage in Tourism and Hospitality Organizations" 22 December 2003. Web. 06 July. 2022. <https://www.academon.com/essay/competitive-advantage-in-tourism-and-hospitality-organizations-46264/>

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