The Four Functions Of Management At Candlewood Suites

934 words - 4 pages ✓ Expert Reviewed

Introduction

In order to correctly elaborate on the four functions of management at Candlewood Suites, it is important to understand some significant background. Candlewood Suites is and extended stay hotel that falls under the hotel chain “IHG” (Intercontinental Hotel Group). The particular hotel examined below is a franchise owned by a family that runs numerous of different businesses. Extended stay hotels, such as the one mentioned operate on what is called a low budget. It is basically running itself, with only a limited number of staff on sight on the daily bases. Expenses to run the hotel should be low, due to a low turnover rate of guest, which should therefore keep payroll cost at a minimum as well. Due to the fact that it is a franchise, the management hierarchy is not only different, but also slightly confusing and out of order sometimes. Even though there is a general manager on site, which is supposed to function as the decision maker, the owners, which in this case are four different people tend to have the last say so in all major decisions. The management pyramid consists of the owners, followed by the general manager, and the director of sales, which is equal to the operations manager. It is also important to understand that even though the hotel is franchise owned, the “IHG” structure, as well as procedures have to be followed at all times in order to avoid fine’s or the loss of the operational license.

Planning

The most important planning tool at Candlewood Suites is the “SWOT Analysis”, along with a constant updatable “Market Analysis”, which was a team effort between the general manager and the director of sales. In the hotel business it is at all times essential to know the strength of the product you are offering in comparison to your competitors. The “SWOT Analysis” for this particular property exposed many weaknesses in the early stages of the goal setting face, which in return created a challenge for the director of sales, to market the property accordingly. Although the “Market Analysis” seemed promising at first, as far as occupancy is concerned, again it presented a challenge, because the property is an extended stay hotel. The general planning face consisted of a strategic plan, and monthly meetings on how to best serve the market demand in the surrounding area. Goal, as far as revenue and occupancy are concerned we set in place for each month, quarterly, and yearly. Strategic planning for the main season was a must, in order to assure maximum occupancy at the highest rate attainable. A constant rate adjustment, along with the offering of specials is a daily tool used by this property, to stay most profitable.

Organizing

Organizing went hand in hand with the planning function. The general manager led the organizational phase in the hotel; by assuring resource allocation was appropriately. This function mainly...

Find Another Essay On The Four Functions of Management at Candlewood Suites

The Four Functions of Management Essay

894 words - 4 pages to do, ensure that employees work together, and monitor whether the employees are doing their share to reach the goals of the organization. The basic fundamentals of management can be applied to the small organizations just as readily as to the giant organizations. Included in the management concept are four basic functions: Planning, Organizing, Leading, and ...

The Four Functions of Management. Essay

1037 words - 4 pages , informational, and other resources needed to achieve these goals. Leading is the management function that connects the manager's efforts to motivate top performance by his or her staff. Controlling is the management function of supervise the projected progress and making modifications as needed. The four functions of management at my organization, are applied when our Marketing Department studies what new products should be launched in the printing...

The Four Functions of Management

859 words - 3 pages flexible, committed workforce because their managers routinely exhibit the sound human relations practices that build a strong work community. 1Level 3 HeaderPlanning is considered to be one of the major four functions of management. Planning means identifying where you want to go, why you want to go there, how you will get there, what you need in order to get there, and how you will know if you're there or not. Planning is setting the...

The Four Functions of Management

906 words - 4 pages In the twentieth century a brilliant French mine owner by the name of Henri Fayol first developed the concept "Four Functions of Management" to help the functionality of an organization and its functional design. This concept focused on essential skill development. Since then, the "Four Functions of Management" have been utilized by teams and by emerging corporations in marketing. One would assume that this concept has been finely tuned, but...

The Four Functions of Management - 743 words

743 words - 3 pages Dalynn HickersonIn order to run a business effectively, a manager must implement the four functions of Management. The four functions include, planning, organizing, leading and controlling (Bateman). Each of these functions provides an important step in having a productive business. If they are followed correctly, the manager will be able to route the steps they need to...

The Four Functions of Management - 819 words

819 words - 3 pages Planning is perhaps the central role of all managers, because all the other functions flow from it and must always consider their relationship to it. A business without a plan has no future, and so all the other functions will be redundant. Organization within a business is essential to the process of planning.A strategic plan is necessary for a company to...

Fantastic Four: the Four Functions of Management

1088 words - 4 pages AbstractThe Army uses all four functions of management through a Chain of Command. All leaders throughout the military use at least one function, but multiple leaders working together covers all functions. Always someone is planning, organizing, leading, or controlling. The reason the United States Military is so effective is because leadership and management always try to stay a step ahead. The rank structure provides a guideline to how much...

The Four Functions of Management - 847 words

847 words - 3 pages four key functions of management are applied: planning, organizing, leading and controlling.Planning was our company’s first step in delivering strategic value to the investment group whom owns Bedroxx. Planning is the process of selecting the course of action towards the fulfillment of the company’s objectives (Management, n.d, ¶ 1). Planning was a strategic phase of the management functions wherein we had to study the...

The Four Functions Of Management

1101 words - 4 pages The Four Functions of Management Management is the utilization of organizational resources, combined with people working together to achieve an organizational objective. In order to accomplish a united goal effectively, managers should use the four functions of management, which are: planning, organizing, leading, and controlling. The Marine Corps is a large organization that uses these traditional methods of management to conduct business at...

The Four Functions of Management - 760 words

760 words - 3 pages Functions of ManagementManagement is defined as "the process of working with people and resources to accomplish organizational goals (Bateman and Snell, 2004, p.11)". The four functions of management are to plan, organize, lead, and control. Without a manager to plan, organize, lead and control an organization, what would be the effect on that...

The Four Functions of Management - 687 words

687 words - 3 pages manager monitors new methods we are using for troubleshooting and determines whether or not the new methods work. If the new methods are not working, it is important to instigate changes until we find a successful procedure.The four functions of management: planning, organizing, leading, and controlling are essential to successful managing. A manager who does not use all four functions will eventually fail. A balance of each function will...

Similar Essays

Four Functions of Management: Defining the four functions of management and how they relate to the writers experiences at Catalina Marketing.

1265 words - 5 pages ="Catalina Marketing">Catalina Marketing and points out the importance of having personnel in supervisory positions of all levels to be familiar with the four functions of management. For having a good understanding of planning, organizing, leading, and controlling can help to ensure better chances of success and aid a person to arise among the ranks of management.The first of the four functions of management, planning deals with the act or...

The Four Functions of Management Essay

570 words - 2 pages The Four Functions of Management The four functions of management include planning, organizing, leading, and controlling. Each provide the fundamentals needed in a company that is just starting or a company that has been established for many years. Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Planning activities include analyzing current situations...

The Four Functions of Management Essay - 804 words

804 words - 3 pages AbstractPlanning, organizing, leading, and controlling: the four functions of management. This paper discusses what the four functions of management are, and how they relate to my organization. Delivering strategic value, building a dynamic organization, mobilizing people, and learning and changing directly relate to the four functions of management. The goals my organization has set in stone pave the way to a prolonged future. With the...

The Four Functions of Management Essay - 872 words

872 words - 3 pages imperative that managers retain this function. This is going to be the cause of either a success of an organization or the downfall. Without having a controlling factor you have no benchmark for success.Regardless of whether your entry level management, mid-level management or senior management, the four functions addressed in this paper are essential to the success of not just the company but to the manager themselves. A manager cannot be...