Microsoft Word - HOS802 A3 - Group Report.docx Page 1 of 5 Subject Title Hospitality Management Simulations Subject Code HOS802 Lecturer / Tutor Stephen Rodwell Trimester T1, 2019 Assessment Title...

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the link for the software ishttp://icms.nethots8.net/Login.aspx

userid: team5password:carlsonneed to compare the different years with the team and have to include graph, chart, timelinesthe attached file is with the detail and rubic





Microsoft Word - HOS802 A3 - Group Report.docx Page 1 of 5 Subject Title Hospitality Management Simulations Subject Code HOS802 Lecturer / Tutor Stephen Rodwell Trimester T1, 2019 Assessment Title Assessment 3 – Group Report Learning Outcome/s (found in the Subject Outline) 1, 2, 3 & 4 Assessment type Group (maximum four (4) members) Weighting % 50% Word count 3,000 words (+/- 10%) Due day & date 31st May 2019 (before 5pm) Class submission Lecture ☐ Tutorial ☐ Submission type Paper copy ☐ Turnitin ☒ Format / Layout of Assessment Report: ICMS Cover Page Table of Contents Executive Summary Introduction Findings Conclusion Recommendations Reference List Appendices (if needed) ☒ ☒ ☒ ☒ ☒ ☒ ☒ ☒ ☒ Assessment instructions Strategic Business Plan Student groups (of no more than four members, and no less than three) will develop a 3000-word strategic business plan for a hospitality business using the software simulation program. This business plan will be presented in report format and will include an evaluation of quantitative and qualitative data and key strategic management decisions that need to be implemented to improve the position of the hotel in the three (3) years following the end of the simulation period. Your report should cover the following areas: • Overall Strategy • Marketing • Operations • Financial Page 2 of 5 You will need to utilise at least two (2) theoretical models in each of these sections as a means of identifying the best strategy for the hotel moving forward. Present your findings as a research report (3000 words) using the following structure: • Cover page: All group member’s names and student numbers, MGT802 and the title of the report: this should be a concise description of your report • Table of contents: list all major sections with page numbers • Introduction: Cover the Background (what has come before the report to make it necessary for you to write it?), Aim(s) (what is the main aim(s) of the report?) and Scope (how will you cover this aim(s), discuss sections and what will and won’t be covered). • Main body: This should be divided into four main sections. These being: o Overall Strategy o Marketing o Operations o Financial There need to be the utilisation of at least two (2) theoretical models per section as well as regular in- text referencing to support your writing. • Conclusion and recommendations: Using the literature write a short summary of your findings as well as some concise and practical recommendations for further research on the subject matter discussed in your report. • Reference list: use the APA referencing system. • Appendices (if needed): If you have heavily referred to documents or other information in your report, you can add these items in as appendices items. Please note the following important points: • The report should be in a clear, easy to read font, 12-point size, with 1.15 spacing. Overall presentation should reflect the appropriate business format. • Unreferenced reports, or those that do not include a minimum of twelve (12) references, will receive a grade of 50% or less. The quality of your references will impact your grade (at least six (6) of your sources should be scholarly, i.e. peer-reviewed academic journal articles, to pass) • Descriptive papers (i.e. not critical) will receive a grade of 50% or less Page 3 of 5 Readings for the assessment The HOTS system, the ttext and all relevant journals found through the Academic Databases (found via the ICMS Library and MyAthens (EBSCOHost). Grading Criteria / Rubric See below ASSESSMENT BRIEF___________________________________________________ Page 4 of 5 Assessment Attributes Fail (Unacceptable) 0-49% Pass (Functional) 50-64% Credit (Proficient) 65-74% Distinction (Advanced) 75 -84% High Distinction (Exceptional) 85-100% (Grading Scheme) Fail grade will be awarded if a student is unable to demonstrate satisfactory academic performance in the subject or has failed to complete required assessment points in accordance with the subject’s required assessment points. Pass is awarded for work showing a satisfactory achievement of all learning outcomes and an adequate understanding of theory and application of skills. A consistent academic referencing system is used, and sources are appropriately acknowledged. Credit is awarded for work showing a more than satisfactory achievement of all learning outcomes and a more than adequate understanding of theory and application of skills. A consistent academic referencing system is used, and sources are appropriately acknowledged. Distinction is awarded for work of superior quality in achieving all learning outcomes and a superior integration and understanding of theory and application of skills. Evidence of in-depth research, reading, analysis and evaluation is demonstrated. A consistent academic referencing system is used, and sources are appropriately acknowledged. High Distinction is awarded for work of outstanding quality in achieving all learning outcomes together with outstanding integration and understanding of theory and application of skills. Evidence of in-depth research, reading, analysis, and original/creative thought is demonstrated. A consistent academic referencing system is used, and sources are appropriately acknowledged. Knowledge and Understanding 50% Limited understanding of required concepts and knowledge. Key components of the assignment are not sufficiently addressed. Adequate knowledge or understanding of the field or discipline. Resembles a recall or summary of key ideas. Often confuses assertion of personal opinion with information substantiated by evidence from the research/course materials. Thorough knowledge or understanding of the field or discipline/s. Supports personal opinion and information substantiated by evidence from the research/course materials. Demonstrates a capacity to explain and apply relevant concepts. Highly developed understanding of the field or discipline/s. Discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Well demonstrated capacity to explain and apply relevant concepts. A sophisticated understanding of the field or discipline/s. Systematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Mastery of concepts and application to new situations/further learning. Content and Purpose 20% Does not meet minimum standard. Lacks a clear focus with large sections of unnecessary or irrelevant Meets minimum standard. Adequately defined focus and content with alignment to the Tourism and Progressing beyond minimum standard. Broad focus with most content clearly aligned to the Tourism and Hospitality industries. Mostly Significantly exceeds minimum standard. Clear focus with minimal unnecessary or irrelevant information included. All content is clearly Outstanding standard and exhibits high levels of application. Consistently demonstrates a systematic and critical ASSESSMENT BRIEF___________________________________________________ Page 5 of 5 information included. Content is disjointed and does not align to distribution in the Tourism and Hospitality industries. Hospitality industries. relevant academic sources used. aligned to the Tourism and Hospitality industries. All academic sources used are relevant understanding of content and purpose of the assignment. All academic sources used, showing depth of content and purpose. Structure 10% Discussion points do not flow smoothly or logically, no connection between ideas. Paragraphs not well used or lacking structure. Minimal structure evident however applicable points loosely connected. Limited use of paragraphs. Good structure evident with some applicable points presented in a logical order. Paragraph structure used throughout. Very good structure evident with most applicable points presented in a clear and logical order. All paragraphs are well organised. Excellent structure evident with all applicable points presented in a clear and logical order. Paragraphs well defined and organised to a very high quality. Research & Referencing 10% Insufficient evidence of research. Insufficient academic sources used. Sources of information not
Answered Same DayMay 25, 2021MGT802ICMS (International College of Management Sydney)

Answer To: Microsoft Word - HOS802 A3 - Group Report.docx Page 1 of 5 Subject Title Hospitality Management...

Aarti J answered on Jun 01 2021
138 Votes
CFS
        Year 4                    Year 3                     Year 2                     Year 1
                Current Year          Last Year            Current Year          Last Year            Current Year          Last Year            Current Year          Last Year
                $        $            $        $            $        $            $        $
        Cash Flows from Operating Activities                    Cash Flows from Operating Activities                    Cash Flows from Operating Activities                    Cash Flows from Operating Activities
          Guest Receipts        16,822,869        14,800,634      Guest Receipts        14,800,634        13,116,357      Guest Receipts        13,116,357        6,350,788      Guest Receipts        6,350,788        3,340,655
          Other Receipts        30,553        28,304      Other Receipts        28,304        26,021      Other Receipts        26,021        14,411      Other Receipts        14,411        0
          Payroll Disbursements        2,822,477        2,989,052      P
ayroll Disbursements        2,989,052        2,685,587      Payroll Disbursements        2,685,587        1,634,537      Payroll Disbursements        1,634,537        1,103,323
          Interest Paid        1,398,058        2,265,266      Interest Paid        2,265,266        1,349,595      Interest Paid        1,349,595        444,721      Interest Paid        444,721        164,042
          Income Tax Paid        704,099        106,244      Income Tax Paid        106,244        0      Income Tax Paid        0        0      Income Tax Paid        0        0
          Other Operating Activities        7,363,243        5,668,525      Other Operating Activities        5,668,525        6,581,492      Other Operating Activities        6,581,492        2,843,364      Other Operating Activities        2,843,364        1,591,230
              Net Cash Provided By (Used In) Operating Activities        4,565,545        3,799,851          Net Cash Provided By (Used In) Operating Activities        3,799,851        2,525,704          Net Cash Provided By (Used In) Operating Activities        2,525,704        1,442,577          Net Cash Provided By (Used In) Operating Activities        1,442,577        482,060
        Cash Flows from Investing Activities                    Cash Flows from Investing Activities                    Cash Flows from Investing Activities                    Cash Flows from Investing Activities
           Capital Expenditures        0        6,962,911       Capital Expenditures        6,962,911        3,841,495       Capital Expenditures        3,841,495        6,583,475       Capital Expenditures        6,583,475        0
          Other Investing Activities        0        0      Other Investing Activities        0        0      Other Investing Activities        0        0      Other Investing Activities        0        0
              Net Cash Provided By (Used In) Investing Activities        0        6,962,911          Net Cash Provided By (Used In) Investing Activities        6,962,911        3,841,495          Net Cash Provided By (Used In) Investing Activities        3,841,495        6,583,475          Net Cash Provided By (Used In) Investing Activities        6,583,475        0
        Cash Flows from Financing Activities                    Cash Flows from Financing Activities                    Cash Flows from Financing Activities                    Cash Flows from Financing Activities
          Proceeds from Debt or Equity Financing        0        0      Proceeds from Debt or Equity Financing        0        0      Proceeds from Debt or Equity Financing        0        1,565,784      Proceeds from Debt or Equity Financing        1,600,000        0
          Debt Repayments        444,808        444,808      Debt Repayments        444,808        444,808      Debt Repayments        444,808        410,592      Debt Repayments        444,808        344,968
          Dividends Paid        0        0      Dividends Paid        0        0      Dividends Paid        0        0      Dividends Paid        0        0
          Other Financing Activities        0        0      Other Financing Activities        0        0      Other Financing Activities        0        0      Other Financing Activities        0        0
            Net Cash Provided By (Used In) Financing Activities        -444,808        -444,808        Net Cash Provided By (Used In) Financing Activities        -444,808        -444,808        Net Cash Provided By (Used In) Financing Activities        -444,808        1,155,192        Net Cash Provided By (Used In) Financing Activities        1,155,192        -344,968
        INCREASE (DECREASE) IN CASH        4,794,283        -3,529,928    INCREASE (DECREASE) IN CASH        -3,529,928        -1,786,620    INCREASE (DECREASE) IN CASH        -1,786,620        -4,000,117    INCREASE (DECREASE) IN CASH        -4,000,117        137,092
        Cash Balance, Beginning of Period        -9,060,817        -5,424,645    Cash Balance, Beginning of Period        -5,424,645        -3,638,025    Cash Balance, Beginning of Period        -3,638,025        362,092    Cash Balance, Beginning of Period        362,092        225,000
        Cash Balance, End of Period        -4,266,534        -8,954,573    Cash Balance, End of Period        -8,954,573        -5,424,645    Cash Balance, End of Period        -5,424,645        -3,638,025    Cash Balance, End of Period        -3,638,025        362,092
        Loan at Start of Period        3,370,608        3,815,416    Loan at Start of Period        3,815,416        4,260,224    Loan at Start of Period        4,260,224        3,105,032    Loan at Start of Period        3,105,032        3,450,000
        Proceeds from Outside Borrowing        0        0    Proceeds from Outside Borrowing        0        0    Proceeds from Outside Borrowing        0        1,565,784    Proceeds from Outside Borrowing        1,600,000        0
        Debt Service (Principal)        444,808        444,808    Debt Service (Principal)        444,808        444,808    Debt Service (Principal)        444,808        410,592    Debt Service (Principal)        444,808        344,968
        Loan at End of Period        2,925,800        3,370,608    Loan at End of Period        3,370,608        3,815,416    Loan at End of Period        3,815,416        4,260,224    Loan at End of Period        4,260,224        3,105,032
Income
         Year 4                     Year 3                    Year 2                    Year 1
                Current Year        Last Year            Current Year        Last Year            Current Year        Last Year            Current Year        Last Year
                $        $            $        $            $        $            $        $
        Revenue                    Revenue                    Revenue                    Revenue
          Rooms        11,523,657        9,417,456      Rooms        9,417,456        8,860,028      Rooms        8,860,028        4,310,461      Rooms        4,310,461        2,105,702
          Food & Beverage        4,980,559        4,823,503      Food & Beverage        4,823,503        4,325,336      Food & Beverage        4,325,336        2,126,663      Food & Beverage        2,126,663        1,117,879
           Other Operated Departments        693,134        667,321       Other Operated Departments        667,321        424,045       Other Operated Departments        424,045        135,295       Other Operated Departments        135,295        48,149
          Other Revenue        0        0      Other Revenue        0        0      Other Revenue        0        0      Other Revenue        0        0
         Total Revenue        17,197,350        14,908,280     Total Revenue        14,908,280        13,609,409     Total Revenue        13,609,409        6,572,419     Total Revenue        6,572,419        3,271,730
        Expenditure                    Expenditure                    Expenditure                    Expenditure
          Rooms        2,514,904        2,509,845      Rooms        2,509,845        2,266,915      Rooms        2,266,915        1,016,845      Rooms        1,016,845        629,891
          Food & Beverage        2,656,116        2,903,654      Food & Beverage        2,903,654        2,481,131      Food & Beverage        2,481,131        1,579,626      Food & Beverage        1,579,626        866,495
          Other Operated Departments        397,424        417,619      Other Operated Departments        417,619        319,307      Other Operated Departments        319,307        127,806      Other Operated Departments        127,806        31,274
          Administrative & General        626,348        614,134      Administrative & General        614,134        593,284      Administrative & General        593,284        495,916      Administrative & General        495,916        395,031
          Sales & Marketing        393,084        318,406      Sales & Marketing        318,406        279,993      Sales & Marketing        279,993        212,604      Sales & Marketing        212,604        148,000
          Property Operation & Maintenance        3,219,980        1,321,797      Property Operation & Maintenance        1,321,797        3,693,097      Property Operation & Maintenance        3,693,097        878,358      Property Operation & Maintenance        878,358        438,972
          Utilities        308,489        307,543      Utilities        307,543        275,147      Utilities        275,147        209,772      Utilities        209,772        217,642
          Property Taxes &...
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