MGT3201_Mod9_corporate_travel

MGT3201_Mod9_corporate_travel - MGT3201 Applied...

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MGT3201 Applied Administration MGT3201 Applied Administration Module 9 Corporate Travel
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Module Objectives Module Objectives Explain why, given modern technology, corporate travel is still a major business expense Discuss the procedures involved in making corporate travel arrangements discuss a number of ways of assigning responsibility for making travel arrangements Suggest a number of ways of improving the cost- effectiveness of corporate travel Prepare an itinerary Make domestic and international travel arrangements
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Cost of Travelling Cost of Travelling $ Fares Accommodation $ Allowances Time Away from Work
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Types of Travel Types of Travel Air - intrastate, interstate, international Road - car (Rental/Company), bus Rail - seldom used in the past - may change with advent of fast trains
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Air Travel Air Travel Quick Many providers (reputation an issue) Choice of Times Expensive? Status - first class Comfortable Travel
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Road Travel Road Travel Inexpensive? Greater control over times May not be possible overseas Need to book vehicles in advance(?)
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Rail Travel Rail Travel Relaxed mode Sleeping accommodation available Cheaper than other forms of transport? Access to railways?
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1st Step with Travel 1st Step with Travel Decide whether travel is necessary? Other options ie videoconferencing, email meetings, fax, phone? Need to justify travel with two simple criteria: value & opportunity
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Baker (1996) Baker (1996) Value : calculates the overall travel investment - if travel produces more benefits the trip should occur Opportunity : justified easily for sales and marketing to secure the business. What is the cost of an opportunity lost?
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Cost vs Benefit Cost vs Benefit Employee Safety some employees may prefer accommodation that offers room service larger rental cars may be safer - especially over long distances Comfort business class for international trips allowances including time off
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This note was uploaded on 07/31/2011 for the course MGMT 2027 taught by Professor Shak during the Three '07 term at Queensland.

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MGT3201_Mod9_corporate_travel - MGT3201 Applied...

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