Introduction
In this fierce competition, companies are implementing cutting-edge strategies to compete in the market. The business plan describes advanced techniques and arrangements that boost the success of the organisation. Killashee Hotel is the company under consideration in this study to examine the strategic management issues (Barros, 2021). The hospitality industry is human-oriented, and the general performance of the trade relies entirely on the interaction between the customers and the workers. Employees at Killashee are taught to promote the tradition of serving customers (Pogodina, Muzhzhavleva and Udaltsova, 2020). This study’s fundamental purpose is to discuss the aspects of the strategic issues faced by Killashee and propose potential solutions.
Company Overview
The Killashee Hotel is located in Naas, in a remote suburb. Local icons, such as Russborough House and Kildare Shopping Village, and tourists seeking to shop, will want to visit Whitewater Shopping Centre in County Kildare (“Killashee Hotel,” 2021). There are 2 bars, a full-service salon, and an indoor swimming pool at this smoke-free hotel. A free complete meal, unpaid wireless internet service in public locations, and unrestrained self-parking are also available (Lai and Wong, 2020). The TVs come with satellite channels, and visitors can even find espresso machines and hairdryers (“Killashee Hotel,” 2021). Killashee’s President and CEO contend that staff treats customers with zeal and affection, even beyond the institution’s physical facilities.
Evaluation and Review of Concerns
External Environment-Pestel
The PESTEL model is a methodology that examines the external market climate that has a significant effect on the company’s results. This analytical system lets the company reach new markets through the development or introduction of new goods.
The facets of the macro-environment examined by PESTEL are explored in conjunction with the Killashee Hotel in the following section:
- Political Factors: The country’s political climate has a significant effect on the organizational dynamics of the sector. The level of funding for new industries, the easing of international investment, and other regulatory issues in Ireland have an important role (Matovic, 2020). Ireland’s leadership ranking in the 2020 Economic Freedom Index was the sixth highest globally (Matovic, 2020). Consequently, the state offers the Killashee Hotel a secure and progressive atmosphere for the growth of the company (“Killashee Hotel,” 2021).
- Economic Concerns: The nationwide financial condition influences the organization’s growth. The development of Killashee Hotel will keep escalating economic development in Ireland (Webster, 2019). For example, in any world championship, Killashee Hotel is fully booked and makes a good profit. The higher the net income of Irish citizens, the greater the disposable revenue and the better quality of life (Bronskaia, 2018).
- Social Factors: A wide range of social standards has an impact on the business of Killashee in Ireland. Killashee is a well-known hospitality brand, and visitors worldwide come to Ireland for stress relief and corporate reasons (Pierscieniak and Grzebyk, 2020). The changing patterns of consumer behaviour, demographic features, and regional customs have a tremendous impact on Killashee’s business in the state.
- Technological Issues: Ireland is a technologically developed country that encourages scientific competence. The Killashee Hotel integrates innovative types of technology into its structure. The company also implemented an online reservation method, feedback process, and facilities management in its branches.
- Environmental Matters: Country, state, and federal government agencies in Ireland collectively enact and track environmental conservation initiatives. Killashee Hotel must comply with environmental requirements to ensure that its systems run smoothly throughout the country (Jhaiyanuntana and Nomnian, 2020).
- Legal Issues: The Irish government has imposed a vast amount of company registrations and prohibitions. Goods and utility levy, Tax file Number, Ireland Company number are some of the country’s limitations (Bronskaia, 2018). The Irish Government has also imposed visa limits. This restriction negatively impacted Killashee Hotel service as visitors came from all over the planet.
Porters Five Forces-Industrial Environment
Porter’s Five Forces Precursor is a technique that analyses the market situation within the same sector. This approach aims to evaluate the attributes within the business that affect the efficiency ratio of the company (Osterrieder, Budde and Friedli, 2020).
- Competition with the New Entrants: The entry barriers into the hospitality sector are low, which does not help the Killashee Hotel Company (Malmström, 2020). A huge range of hotels and restaurants are opening up in tourism locations in Ireland and around the country, making this brand an extreme competition.
- Threat from the Existing Rivals: Killashee Hotel belongs to the first tier of resorts. The amount of rivalry in this kind of hospitality sector is strong. However, the company has diversified its profits to various areas of the sector and is maximizing its business.
- Negotiating Power of Vendors: Killashee Hotel has launched a new initiative called the Supplier Diversity Program, which enables the company to buy from various suppliers, granting them individuality and pricing strategy (Lata, 2020). In the case of Killashee Hotel, the vendors’ negotiating power is flawed, as the organization buys its supplies from a wide range of vendors.
- Bargaining Power of Buyers: Killashee Hotel is under immense strain owing to customer-end negotiations. Clients have a wide variety of hotels to pick from across a luxury range of resorts. Consumers, thus, possess substantial negotiating leverage in this regard.
- Threat from Substitute Services: Replacement services are insignificant in the hospitality field, especially in Ireland. Customers do not have the choice of substituting a location other than spending at a relative’s place. This proportion appears to be small, thus, Killashee Hotel does not encounter any problems in this market.
SWOT Analysis
SWOT analysis is a critical review of the vital components of the company itself. It provides an incentive to use their core competencies and develop in the fields where the business needs a foothold (Gürel and Tat, 2017). This tool is focused on the evidence, details, and actual data relevant to the company’s executives.
Table 1: SWOT analysis: Killashee.
Evaluation of the Appropriate Method for Strategic Implementation
The Killashee Hotel’s strategic strengths detail certain events that take advantage of all available tools and expertise to gain a tactical advantage over rivals and float in the business sector. To achieve a sustainable edge, Killashee Hotel has taken three strategic steps. The business balanced its entry modes around cultural lines (Darvishmotevali, Altinay and Köseoglu, 2020). Next, Killashee Hotel plans to extend its business to developing market. The corporation established market prospects in a rural area and grew appropriately (Jhaiyanuntana and Nomnian, 2020). Killashee Hotel is not just the leading company; it is the business leader in creativity (Punt et al., 2016). The company has reached this role due to the successful application of its service separation policy, HR strategies, and CSR operations.
Recommendation
It is suggested that the Killashee Hotel should concentrate its next step on developing digital expertise. Therefore, they should offer digital education to their staff. In addition, the organization does not make full use of the ability of social networking platforms.
Professionals who have experience in social network campaigns must be hired (Punt et al., 2016). Moreover, the provision of training and expertise to staff on modern tools would enable the business to motivate individuals to succeed in contemporary times. Net revenues will improve if sufficient material is written using digital resources. Social networking marketing is the newest type of advertising tool that reaches billions of people worldwide, and the information may be shared within seconds. The recruitment of social networking professionals would also help to brand the business in any country corner.
Conclusion
According to the above details and secondary research, it can be inferred that Killashee Hotel has succeeded in this aggressive market for ten years due to its striking tactics, customer-focused offerings, and sophisticated technology solutions. Killashee Hotel has given the greatest priority to Porter’s five forces strategy’s common principles, which shows that customer service is of the greatest priority to this company. The PESTEL study illustrated that Ireland’s political and economic circumstances are stable for the expansion of Killashee. Nevertheless, Killashee Hotel must conform to environmental requirements and legal requirements.
Threats from potential competitors and consumers’ purchasing power are essential for the Killaschee Hotel. However, the negotiating power of the vendors and the competition from providers are low. Killashee Hotel has an extensive network of suppliers, an outstanding record of success, and exemplary service efficiency as its advantages. It does not, however, blend with the diverse cultures of Ireland. The customer satisfaction record of the company is their central competent jurisdiction. Product distinction and digitization initiatives have rendered Killaschee the industry leader. The company is alienated from the majority of these two aspects. However, the hotel chain is increasing because of its successful capacity to accommodate clients.
References List
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