Assignment 7.docx - Assignment 7 Building Effective Diagnostic Skills My overall strategy would involve 1 Emphasizing the need for renovation in the

Assignment 7.docx - Assignment 7 Building Effective...

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Assignment 7: Building Effective Diagnostic Skills My overall strategy would involve: 1. Emphasizing the need for renovation in the face of competition. The franchisees must be made to appreciate the need to protect and preserve their investment by upgrades and renovations. They should be convinced to write off losses in other businesses instead of diverting the hotel’s profits. 2. Showing the franchisee investors the numbers. Profit margins from higher room and service tariffs would ensure a higher return. 3. If the franchise is cancelled, a back-up plan has to be in place.
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  • Spring '08
  • SENARY
  • Marketing, Renovation, Home improvement

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