Question Details

HTM 520 Week 2 Discussion
"Assessment of the Broad Environment” Please respond to the following:
Analyze the four (4) main elements within the micro environment. Develop one (1) strategy that shows the importance of each element and why it is necessary to adopt the changes in order to remain compliant with the law and competitive as an industry leader.
Analyze the five (5) forces of competition in Porter- Five Forces model. Suggest two (2) specific approaches that a hospitality company could take in order to examine its competition. Provide a rationale for your response in which you cite Porter- Five Forces model.

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