management answer to the questions

management answer to the questions - What is the general...

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What is the general environment of the company? First of all we have to define the general environment of a company before analyzing the Hyatt hotels chain. The general environment of a company represents its demographic, socio-cultural, economic, political and technological trends. It is an analysis of the market situation and the position of the company. We can say that the general environment of the Hyatt Hotel chain is the luxury branch, they target the rich and classy branch of people who wants to stand in high level hotels. Being located in the main cities of the world they are by then able to target and reach a high percentage of clients, being willing full to stay at the Hyatt’s hotels. About the economy the Hyatt is part of a niche which permits it to stay in the top and not to be too much affected by the economy of the world, as far as they target rich customers and that there will always be people willing to pay the money in order to stay in the Hyatt and not the Formula 1 hotels. About the technological trends, Hyatt always try to improve the comfort of the client and of its
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This note was uploaded on 12/09/2010 for the course MGT 430 taught by Professor Xie during the Spring '10 term at Tampa.

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management answer to the questions - What is the general...

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