A Journal opinion article Essay Example | Topics and Well Written Essays - 750 words - 11

A Journal sentiment article - Essay Example When contrasted with a similar period a year ago, JP Morgan enlisted a decrease in bond exchanging income by 21%. Also, the bank income acquired from the home loan decreased to 84%. Significant perspective that caused the terrible showing by the bank was because of vulnerabilities that encompassed the US economy to the extent loaning to shoppers and exchanging volumes are concerned. Being one of the Wall Street banks to post the decreased profit, JP Morgan shows how the money related division has been confronted with challenges in the main quarter of 2014. Moreover, dominant part of the organizations possessed by the bank including the business loaning and the Mastercards showed low benefits. This came about to decreased complete income for the bank in the principal quarter an angle that may bring about decrease of yearly income if the pattern of the low execution in the budgetary division proceeds in the rest of the quarters. As indicated by the bank, the net gain tumbled to $5.27 b illion which is comparable to $1.28 per share structure the $6.53bn, or $1.59 per share which was knowledgeable about a similar period in 2013. As per the experts, the bank gaining per share was relied upon to remain at $1.40 per share. Be that as it may, this was not accomplished because of the decrease in net income which experienced 8.5% tumble to remain at $22.99bn while the bank anticipated that all out income should remain at $24.53billion. So also, in the premarket exchanging, JP shares discounted by 3.3% to sell at $55.50 going astray from $61 most significant expenses that the bank has kept up throughout the previous 13 years. This is a significant marker of horrible showing of the bank a viewpoint that may result to low degree of trust from the clients just as financial specialists. Notwithstanding the low execution by the JP Morgan, Jamie Dimon, the CEO demonstrates that the biggest bank in US is making trust in the country’s economy. As the aftereffect of

Fall 2016 New Student Series Part 4 Ma. Angelica Feliz Chua Cruz COLUMBIA UNIVERSITY - SIPA Admissions Blog

Fall 2016 New Student Series Part 4 Ma. Angelica Feliz Chua Cruz COLUMBIA UNIVERSITY - SIPA Admissions Blog In our fourth edition of this years new student series, meet Angelica Cruz. Shes an incoming MPA in Development Practice student and is from Manila in the Philippines. Shes obsessed with technology, and hopes to one day help improve  urban development plans in Manila. Full Name: Ma. Angelica Feliz Chua Cruz Program: MPA in Development Practice Anticipated Graduation Year:  2018 Hometown: Manila Undergraduate University: University of the Philippines â€" Diliman Undergraduate Major: Geography Undergraduate Graduation Year:  2012                                                                                                                                                                               What’s your professional background? Since graduating from college, I’ve been working in non-government organizations. The three organizations I worked in helped me gain experience in microfinance, education, and good governance reform. While I knew from the very beginning that development work was what I wanted to dedicate myself to, I wasn’t sure what aspect of it I really wanted to focus on. Working as an outsider with the government for the last two years or so has helped me understand that the biggest hurdle to Philippine development has really been governance. Through my organizations’ strong relationships with cities and local government units I’ve observed that balanced urban development that is driven by thoughtful and strategic leaders is the key to regional cohesion. Did you apply to SIPA to change careers or to gain experience in a career path you already have experience in? I applied to SIPA, because it was/is the ideal school for furthering my career. While I’ve had a lot of local experience, I think that incorporating international perspectives to my understanding of development issues is of utmost importance. This is particularly true in the Philippines where leaders are prone to reinventing the wheel, or going the complete opposite direction, and fully adopting a solution without considering the context it came from. What was your reaction when you found out you were accepted to SIPA? I was honestly shocked. I thought about the admission results constantly, and I was in a permanent state of anxiety for almost half a year. Because of the time difference, I stayed up each night of the first week of March just waiting for an email. The day I got my decision, I found out four hours after it was released since my email categorized the notification as an ad. I just felt so happy after reading that first sentence that I only actually read the full letter a half day later. I had a Plan B, C, D, E in case Plan A didn’t work out, but amazingly enough it did. I’m still awed when I think about it. Why did you say yes to SIPA? I didn’t really apply to any other school. SIPA was the only one I wanted to go to. I figured that if I didn’t get in the first time, I didn’t want to settle for any other school or program, and I’d just try to make myself a better candidate after another year.   What do you most look forward to as a graduate student at SIPA? As mentioned before, I’m really interested in urban development. The fact that SIPA is in New York is so important to me, because I see New York as a model for Manila. I’m excited to learn from faculty who have worked with the city government on urban designâ€"for both infrastructure and institutions. Do you have any apprehensions about starting graduate school? A lot. I like to think that I’d do well academically, but of course that’s not a given. And financial constraints linger in the back of my mind. But if I’m honest, my main concern is fitting in. I don’t know if I’ll be overwhelmed by the complete change in environment or if I’ll thrive in it. Part of me is still in disbelief that this is happening at all, so I can’t seem to imagine myself actually being there when the time comes. (On a more personal level, I’m really afraid of leaving my dog who is 16 years old.) What are your goals after SIPA? I hope to work in the UNDP, so that I can get a better picture of different development strategies around the world. But in the long-term, I’d really like to be part of improving urban development plans here in Manila. While the big cities have been booming, the growth has been terribly unequal. If you could change one small thing about your community, country or the world, what would it be? For the Philippines, I think it’s most important for us to foster a sense of unity. While class divisions are evident in cities like Manila, regionalism prevents us from working together on a national level. There’s a very strong us-against-them mentality that inhibits Filipinos from thinking about the best programs and people for the whole country, not just for ourselves or those closest to us. Tell us something interesting about yourself: I love technology, and I am addicted to tech news. However, I only started using a smartphone this January. For the longest time, I stuck with my Nokia 3310 because of Snake II. The only reason I’m not using it now is because it gave up on me. Like a lot of people, I like to think of myself as a forward thinker and (maybe) would-be pioneer, but there are irrational traditions and habits that I am too attached to let go of. View all of Fall 2016s interviews here.

The Image of Women in Sports Today Essay - 1095 Words

The Image of Women in Sports Today We live in a world that changes quickly, so its no terrible surprise that the image of women in sports is changing quickly, as well. Relatively, it hasnt been that long since women were not even socially permitted to participate in sports or any kind of physical activity-- now, I dare say, its nearly expected. There are still remnants of past gender-types, but overall I think the image of women in sports has changed dramatically. It used to be that women were not allowed to participate in sports-- beyond just being seen as unbecoming and unfeminine, it was actually believed that physical activity would harm a womans reproductive system. Men did not think that women should or could do the same†¦show more content†¦Despite all the progress we have made, a woman still has to do more to get the same amount of respect that a man is given automatically. Another aspect that has remained part of the image of women in sports is the element of being... well, pretty. More than anything, I see this as a holdover from the days when women had to prove that they could play sports and still be feminine, to-- Im not sure what. Assuage fears that by playing sports, they were somehow going to be turned into men? At any rate, women werent allowed to be anything except perfect, even while playing sports. They had to not sweat, not get tired, and always still look fresh and beautiful. Even to this day, the female athletes who do best in the media are not necessarily the ones who actually play at the highest level, but the ones who look the best. This is true even outside of performance sports like ice-skating, where it is, to a certain degree, understandable that its important for the ice-skaters to be attractive. The same is true of male athletes-- ugly male athletes dont grace the front of a Kelloggs box-- but not nearly to the same extent. Another aspect of how women are portrayed in sports, today, is how closely the idea of female athletes have become tied to the idea of strongShow MoreRelatedThe Fight Against Discrimination Today s Society1030 Words   |  5 Pages Andie Girard Mr. Morrow English-1D1 08 December 2015 The Fight Against Discrimination In Today s Society â€Å"Discrimination is treatment or consideration of, or making a distinction in favour of, or against a person or thing based on the group, class, or which that person or thing is perceived to belong to rather than an individual being or object.† (Dictionary.com) Imagine living everyday hiding your true self, disguising the person you actually are and what real emotions you feel. PeopleRead More Women in Sport: â€Å"Sacrificing the womanly attributes we admire†1343 Words   |  6 PagesWomen in Sport: â€Å"Sacrificing the womanly attributes we admire† Do I sacrifice my ‘womanly attributes’ by making the choice to ski down a mountain with a 3000+ vertical drop, while traveling at 50-60 mph? Does my choice to do squats and engage in strength training, or my desire to do 300 sit-ups each night in order to achieve a six-pack, make me less of a woman? Is it odd that I do not enjoy displaying polite, ladylike behavior during every second of my existence? I do not think so. SocietyRead MoreThe Fight Against Discrimination Today s Society1030 Words   |  5 PagesAndie Girard Mr. Morrow English-1D1 08 December 2015 The Fight Against Discrimination In Today s Society â€Å"Discrimination is treatment or consideration of, or making a distinction in favour of, or against a person or thing based on the group, class, or which that person or thing is perceived to belong to rather than an individual being or object.† (Dictionary.com) Imagine living everyday hiding your true self, disguising the person you actually are and what real emotions you feel. People areRead MoreThe Controversy Of Female Sports806 Words   |  4 PagesIn todays sports, we recognize women as equals to men but it is much harder for women to become recognized due to fans being blinded by the stardom of only male oriented sports. This essay is about the issue of whether women should expose their bodies in revealing calendars. First it is shown that women receive less recognition then males in sports. Secondly in order for women to even participate in sports they need to raise much-needed money to sponsor their participation in competitions. ThereforeRead MoreSports Med ia And Body Image1235 Words   |  5 PagesJournal Article Mini-Paper Article 1: Sports Media and Body Image Tia DeHaan The article Must See TV or ESPN: Entertainment and Sports Media Exposure and Body-Image Distortion in College Women by Kimberly L. Bissell and Peiqin Zhou examines how media promotes an idealization of thinness in college-age women. The study by Bissell and Zhou takes place at a southern college university in the United States, and compares and contrasts the entertainment industry and sports media on disordered eating and bodyRead MoreEssay on Power Structures of Men and Women in Sports1003 Words   |  5 PagesPower Structures of Men and Women in Sports As an athlete or a spectator, it is easy to both feel and see the impact sports have on people of both genders. Athletes are able to experience sports personally, while spectators usually experience sports through different channels of mass media. Realizing the effects that the world of athletics has on individuals and society as a whole is vital to the understanding of how sports can positively and negatively effect athletes as well as spectatorsRead MoreGender Inequality Around The World1437 Words   |  6 Pagesfor Women Worldwide, Nicholas D. Kristof said, â€Å"In the nineteenth century, the central moral challenge was slavery. In the twentieth century, it was the battle against totalitarianism. We believe that in this century the paramount moral challenge will be the struggle for gender equality around the world†. Although women have made great strides in gaining equality, females around the world are not treated as equals to their male counterparts. Their education is taken for granted, their sports areRead MoreEssay on Women in Sports707 Words   |  3 PagesWomen in Sports In the last one hundred years women have made tremendous inroads in many facets of life. Of that there can be little doubt. Women may now hold jobs, own property and participate in professional sports. Today women can compete in sports, once a vestige of male domination; there is now room for women in that arena. But even today women in sports are not portrayed in the same light as their male counterparts. To a large degree this is because of todays cultural ideal of women.Read MoreAnalysis Of Jean Kilbourne s Video, Killing Us Softly 41485 Words   |  6 Pagesexpresses how advertisements have been portraying women as a sex symbol or even as just a typical housewife. She talks about how the advertisements have sold various products by not necessarily selling the product itself, but by using women or men to sell the product for them. Ad agencies have used sex and body image to create a type of selling factor for their product. These selling strategies have shaped the way society vie ws women and how women are treated (Killing Us Softly). When looking at twoRead MoreTitle Ix Of The Education1544 Words   |  7 Pages When it comes to Title IX most people just think of it as something that lets women play sports, or they just don’t know what it means. According The United States Department of Justice website, the definition of Title IX is â€Å"a comprehensive federal law that prohibits discrimination on the basis of sex in any federally funded education program or activity. The principal objective of Title IX is to avoid the use of federal money to support sex discrimination in education programs and to provide

Andrew Jackson The Second President Of The Democratic Party

Andrew Jackson (1767-1845), Americas seventh President, was born into poverty and became wealthy as a Tennessee lawyer and politician by 1812. His leadership developed while the United States and Britain fought against one another. Throughout the battle Jackson showed great leadership skills and direction. Some say he became America’s most influential and polarizing political figure between the 1820 and 1830. Jackson first ran for President in the 1824 presidential election losing in a close race to John Quincy Adams. Four years later Jackson defeated Adams to become the Seventh President of the United States. America’s political party’s evolved and Jackson was the leader of the Democratic Party. He was a big supporter of states’†¦show more content†¦With this gained knowledge of law he was granted admission to the North Carolina bar in 1787. Shortly after, he began to practice law as a prosecuting attorney in an area which was later known as Nashville, Tennessee. Jackson prospered and gained enough wealth to build a home, called the Hermitage, near Nashville and also purchased slaves. Possibly the start of Jackson’s political career sparked from him joining a convention in 1796, to draft a new Tennessee state constitution. He later became the first man to be elected to the U.S. House of Representatives from Tennessee. Jackson declined to seek reelection and returned home March of 1797. Almost directly following his decision, he was elected to the U.S. Senate. Again, Jackson decided to leave and resigned a year later. He was then elected Judge of Tennessee’s superior court. Following this, he was elected to the position of head of the state militia just before the war with Great Britain in 1812, which played a pivotal role for Jackson’s future. Jackson served as a Major General during the War of 1812. Under his command he led the U.S. through a five month long campaign against the Creek Indians which were known allies of the British. He claimed victory in the battle of Tohopeka also known as Horseshoe Bend in Alabama in 1814. Later Jackson led U.S. forces to a victory over the British known as the Battle of New Orleans in 1815.

Dollar General Case Free Essays

Dollar General: Case Study #1 Timothy Mayer Professor Perreira 02/01/2010 Executive Summary: Dollar General Corporation is a leader in the discount retail industry, but clearly could use new information systems to further establish its presence and dominate the industry. The ability of Dollar General to set up new stores quickly, at a low cost, and efficiently has enabled them to maximize their revenue, while keeping costs minimal. Dollar General is very dependent on the ability of the management they place in charge of each store opening, known as the setter, to coordinate the process and make sure the opening runs as smoothly as possible. We will write a custom essay sample on Dollar General Case or any similar topic only for you Order Now The setter must be able to train the store manager to run the Dollar General store to the exact specifications presented by the upper management of the company. Dollar General does depend on some information systems to help open and establish its stores. They have contracts with companies, like IBM and Spacenet, which set up most of the technological requirements for their stores. These relationships allow for Dollar General to monitor and accelerate the creation of new stores in a way that is familiar and comfortable for them. However, once the stores are up and running information systems are not utilized to their fullest extent. This has lead to numerous inventory and employee issues that are costing the stores and company money. With the economy in the USA at one of the lowest points it has been in history, Dollar General is in a perfect position to increase sales and establish a greater industry presence. They must adapt and embrace though technology that can help establish this growth in order to continue to be successful. Case Study Dollar General’s use of information systems is a far from perfect system. They have the technology in place for the most part, but do not fully utilize its potential. They clearly do not fully embrace technology. They use a satellite system over a higher speed options and do not use networks to enhance their operations. Their reasoning for this is to keep the overhead costs down, but this increasing the overall deficiencies of their business. The main process that suffers from the lack of information systems s their inventory process. When inventory arrives at a store, it is not scanned nor is the amount of goods verified or noted. This had lead to the shrink rate, the amount of loses in sales a store writes off, to increase and develop a distrust between corporate management and the employees at the stores. Dollar General uses inventory information systems at their distribution centers already. By adapting this technology on the store level, Dollar General will be able to sol ve one of the biggest problems they face. Dollar General clearly has found a niche in their industry that has worked for them for years. In order to keep their status and grow further they need to increase the budget they provide to each store for technology systems. The economy of the United States is at a perfect place for discount stores to flourish. The limitations and issues created by the lack of advanced systems will eventually catch up to them and cause more losses of revenue. The initial costs might be greater, but over the long term Dollar General will position itself in a better place. How to cite Dollar General Case, Papers

Retail Management for Values Customer Satisfaction - myassignmenthelp

Question: Discuss about theRetail Managementfor Values Customer Satisfaction. Answer: Product Woolworths is the leading Australian retailer. The company provides all sorts of grocery items as part of its marketing mix (Andrew, 2011). Some of the grocery products comprise of fruits, vegetables, meat, packed products among others. The company has also started selling stationary items, DVDs, and magazines. In each category, Woolworth allows its customers to have large variety of choice relating to local produce, brand, and international cuisine. This means its management values customer satisfaction as one of the key factors of maintaining good performance of the business. To ensure continuous customer loyalty and satisfaction, the management ensures its products are tested and approved by experts to maintain good quality. The company has diversified range of products ranging from furniture, bags, housewares, beddings to clothing and accessories (Stanton, 2012). The diversified range of products has assisted its management for to cater the all-around needs of the consumers because it enables them to have all they need under one roof. Price Woolworth has been trying to maintain similar or slightly higher prices than its competitors. Having learnt that, it offers a wide variety of premium brands in food chain as one of the strategies to keep the prices competitive in the market. The company uses various pricing strategies to ensure it serves people of different levels of income (George, 2013). The company also uses other unique tactics to ensure its pricing strategy attracts as many customers as possible. For example, frequent club is a reward program which provides $20 vouchers for every 200 points gathered. The customers are also provided with Woolworths shopping cards which automatically track various aspects like purchases, meaning its customers do not need to retain paper receipts. Recently, Woolworth has introduced a new pricing strategy known as round numbers. Although various people including retail experts have criticized this strategy, Woolworth believes it certainly makes it easier for its customers to identify prices, and also creates references prices (Louis, 2011). The strategy was aimed at moving more than 20,000 of its products to round dollars and no cents. The company believes this pricing strategy provides customers with simpler price points to assist them in adding the cost of weekly shopping and in managing weekly budgets easily. Promotion Promotion is always of keen prominence for this company (Louis, 2011). Recently, its management has been using it to attain some of its business goals. The company offers different loyalty schemes which comprise of petrol pump discounts to its consumers as one way of keeping long term relationships with them. Woolworth uses various media including magazines, newsletters and social media for efficient promotion. Woolworth gives extensive deals and offers including gift cards to its customers as one way of making its customers realize why they should be associated with the company. Having realised that most of its customers are in one or more social media platforms, the company carry extensive promotion through the online media (Dee, 2011). The strategies of promotion correspond to every mean which this company uses to communicate the values and benefits of its products. Although this company has tried to incorporate promotion in its marketing mix, it is yet to use it effectively to assist it in maintaining as many customers as possible (Ene, 2014). The company should incorporate as many promotional tools as possible in order to attain its targets. Some of these tools should include advertising with several channels, sales promotions among others. Location The company currently operates more than 1000 stores in Australia, with more than 950 being supermarkets. Some of the Woolworths stores operate as Safeway stores in Victoria Melbourne (Kaifi, 2012). The company has also realised that with the current technological advancements and the desire for every person to me digitized, its business can thrive online and therefore its management has considered operating through different online platform. Alongside operating on these platform, the company has recently development a mobile app for the purchases to continue making itself more available to its consumers. To make itself more available to consumers in different locations, the company has come up with various private label brands, like the Woolworth Homebrand, Woolworths gold, Woolworth select, Woolworths fresh among others (Gummesson, 2012). There are also other retail chains using the name of this brand located in United Kingdom, Mexico, Germany, among other countries. Just like other big firms, Woolworth has realized the importance of using social media platforms to stay relevant to the lives of its customers. To become widely known and available to most customers, the company has made itself available to different social media platforms. Like for example, it has a very popular Facebook page with more than 800000 followers (Gupta, 2011). The company is also available through various other platforms like Pinterest, Instagram, YouTube, twitter, among others. The kind of feedback which its consumers provide through these social media platforms helps its management to determine the kind of experience with they have with its brands. Customer service and selling Woolworth serves more than 18 million customers every week (Louis, 2011). Its Customers are one of the most important assets because they play a significant role in the performance and existence of the company. Its customers comprises of people of different age groups, gender, and social class. To ensure its customers maintain loyalty with the company, Woolworth ensures its products are of good quality and customer satisfaction is valued in everything the company does. The company has various strategic objectives aimed at improving customer experience. For example, it aims at being a customer centric business. With this objective, it has been trying to define who its future customers are and what can be done to ensure their needs are addressed (Louis, 2011). The company has defined business-wide view of the Woolworths customer, which is based on customers mind-set, and their wants and needs as informed by lifestyle segments. The company also has various strategies to build and maintain strong customer relations. For example, it uses its WRewards programme to ensure its customers have the best experience than the one they can have from its competitors (Gupta, 2011). This programme has remained Woolworths key strategy to increase the lifetime value for its consumers. The program enables the company to reward loyal customers and gather information to further understand the needs of its clients and align them with its total customer proposition. In Woolworth, offering real value goes beyond offering its consumers with quality at a reasonable price. Woolworth always puts the customer first because it believes they are the reason the company is in business (Dee, 2011). Its management values customer feedback regarding their experience and views regarding what the company does best, and what should be changed to improve their satisfaction. Although this company tries to maintain its relationship with customers, competition makes it to experience challenges in maintaining its market share. Store layout and design One of the recent aims of Woolworth is to ensure its stores meets the needs of its consumers. The company has been trying to consider various aspects in its stores like space, location, lighting and ventilation, to ensure they are fit for its target customers (Kaifi, 2012). To keep good and cost effective business, the management also considers a number of green design elements like natural light and a system that automatically adjusts depending on the daylight conditions. The stores also recaptures waste heat from refrigeration to heat its stores. For better customer experience, the company has considered placing enough spaces between the shelves to ensure the customers can spot their desired products from a distance. The spaces also allows free movement of people and trolleys (Gummesson, 2012). The stores are also deigned with considering security features like several emergency exit doors and CCTV cameras to monitors all activities around the premises. Merchandise Woolworth places various commodities in its stores to allow the customers have a wide range of selection and its aim of making all products under one roof to become a reality. The company places its products in a manner that can aid in making the consumers to have the best experience (Arun, 2015). The products are organized according to their category to assist the consumers to access them without difficulties. The use of tags placed at strategic points where customers can see them has also assisted its clients to have easy access products around the stores. Placing a wide range of commodities allows the company to realize high customer turnout because consumers like obtaining products from places where they can get all what they need without wasting time (Ene, 2014). The manner in which the company presents its products in its stores has also promoted its sales because it brings some sense of attraction to the consumers. References Andrew, H. F. (2011). The Definitive Handbook of Business Continuity Management. Hoboken, NJ: Wiley. Arun, H. (2015). Case Study: Consumer's Perception towards Private Label Brands in Retail Stores. Advances in Management, 8(1), 56-96. Dee, M. (2011). National Competition Policy and the Retail Sector. Journal of Australian Political Economy, 67. Ene, S. B. (2014). A Study on Corporate Image, Customer Satisfaction and Brand Loyalty in the Context of Retail Stores. Asian Social Science, 10(14), 89-105. George, T. K. (2013). The AMA Dictionary of Business and Management. New York: AMACOM. Gummesson, E. (2012). Total Relationship Marketing. London: Routledge. Gupta, M. S. (2011). Consideration of Sources of Information as Selection Criteria in Mutual Fund Purchase: A Comparative Study of Retail and Non-Retail Investors. IUP Journal of Applied Finance, 17(1), 589-612. Kaifi, B. S. (2012). Strategic Leadership Applied to Retail Management: Joe Contrucci Discusses the 21st Century Dynamic Organization. 17(4), 85-102. Louis, D. C. (2011). Image and Personality: Two Complementary Tools to Position and Differentiate Retailers. International Management Review, 7(1), 12-65. Stanton, T. (2012). Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis. New York: Oxford University Press.

Current Issues and challenges of Hospitality and Tourism Industry

The hospitality and tourism industry has been evolving every now and then because of the changing needs of the society. This is because the industry as a whole deals in a wide range of issues and aspects that need to be fully adhered to for customer satisfaction.Advertising We will write a custom essay sample on Current Issues and challenges of Hospitality and Tourism Industry specifically for you for only $16.05 $11/page Learn More It should be known that customers in the hospitality industry are always demanding unique products and services and this is up to all stakeholders to take up the challenge. In this case, there are a lot of emerging issues and challenges in the hospitality and tourism industry that has forced stakeholders to go back to the drawing board and this is what this paper will mainly focus on. There is need to stay ahead of customers and this is one of current issues that are facing the tourism and hospitality industry (Mitchel, 2009, p. 12). This is because their service expectations are always changing meaning that they need to be matched at all costs. It should be known that the tourism and hospitality industry has been growing in recent years and this is because various economies have been on an upward trend. As a result, there has been an increase in the demand for accommodation. This aspect has increased the demand for hotels thereby piling pressure on the industry to increase their facilities. An increase in the demand for hotels is something that needs to be attended to because all customers can not be accommodated by one facility since this might compromise the services that they are being given (Bar kin, 2002, p. 23). Technology is something that is always evolving and any industry can not do without it. The rate at which technology has been evolving and emerging is too fast that if you are left behind, you will likely miss customers.Advertising Looking for essay on communications media? Let's se e if we can help you! Get your first paper with 15% OFF Learn More This means that technology is one of issues that the hospitality and tourism industry has to cope with for long terms sustainability There is an implication that technology is one of the current issues that are facing the tourism and hospitality industry in a broad way. The product aspect of the tourism and hospitality industry has been changing in recent years and this is a trend that needs to be coped up with. For instance, ecotourism is an emerging industry as far as tourism and hospitality are concerned and this means that efforts should be directed towards the satisfaction of customers (Kummer, 2010, p. 18). The relationship between tourism and development is one of the issues that have emerged in recent years and this is a major issue that has brought in governments, international bodies and different industry stakeholders. In this case, the line between these two aspects needs to be drawn effectively to do away with any contradictions or conflict of interest that might come by. Pricing in the hospitality and tourism industry is a major issue that needs to be attended to. This is because the industry is wide and covers a large geographical area. In this case, pricing trends have been changing depending on the product or service but this has had an impact on the number of customers (Kummer, 2010, p. 31). We can wholesomely say that the growth of the tourism and hospitality industry greatly depends on pricing and products.Advertising We will write a custom essay sample on Current Issues and challenges of Hospitality and Tourism Industry specifically for you for only $16.05 $11/page Learn More This implies that the industry has to choose between growing their own margins and increasing the number of customers. Plane ticketing is one of the current issues that the industry has to look at. In this case, people do not want to travel for long distances and this affects the industry in a broad way. All this withstanding, the needs of the hospitality and tourism industry will continue to change and emerge as time goes by meaning that all stakeholders should be up to date with what is needed. The hospitality and tourism industry is facing a lot of challenges and this is bound to affect it in a broad way. In this case it should be known that the challenges are numerous and complex. The rapid growth of the industry has brought in a lot of challenges that need to be solved by all stakeholders. Labor and skills shortage has been identified as one of the challenges that are facing the tourism and hospitality industry. This has mostly been complicated by the emergence of new technologies and trends that need to be satisfied and attended to. As a matter of fact, the new environment under which the industry operates demands a new approach to labor and skills (Economy Watch, 2011, p. 27). This has given the industry a big challenge because they h ave to meet the needs for new skills and labor at all costs to keep customers. In extreme cases, the industry has been forced to develop this skills and talents at huge costs. An increase in construction costs is a challenge that the tourism and hospitality industry has continued to face in recent years (Quinion, 2005, p. 21).Advertising Looking for essay on communications media? Let's see if we can help you! Get your first paper with 15% OFF Learn More It should be known that the demand for new facilities has been going up because of an increase in the number of customers. On the other hand, the cost of constructing new facilities has been skyrocketing every now and then posing a major challenge to players who want to expand to new markets. Whenever such costs go up, the industry has to find another way of covering up for this and most likely they can increase prices which will affect customer numbers. The availability of capital is a challenge that the industry has faced in recent years mostly because of the global economic crisis (Economy Watch, 2011, p. 35). We all admit that the industry has been growing tremendously and various players and stakeholders need money for expansion activities, value addition and financing of operations. In this case, the availability of capital has been limited. As a matter of fact, the industry has been forced to obtain capital at high costs thereby affecting their operations. Different countries have enhanced their security measures because of an increase in crime and terrorism activities (Travels, 2009, p. 31). In this case, there have been a lot of travel permit restrictions that have ended up affecting the hospitality and tourism industry. In this case, customers are not free to travel to different destinations before being checked up. As a matter of fact, some people have been restricted to move to other places and this has been a major challenge to the industry as a whole. Most notably, such measures have affected tourist numbers yet the industry might have spent a lot of money trying to woo and attract customers. Regulation is another challenge because the industry does not operate in one definite location (Kummer, 2010, p. 29). As much as the industry has a body that can champion for its rights, this has been at the expense of different governments. Some of these laws have been punitive and affected the growth of the tourism and hospitality industry in a broad way. All in all, the industry has a great potential and there should be efforts to ensure that it is sustainable. Reference List Bar kin, D. (2002). Eco tourism for sustainable regional development: Current Issues in Tourism. Washington, DC: Island Press. Economy Watch. (2011). Tourism Industry Trends. Retrieved from http://www.economywatch.com/world-industries/tourism/trends.html Kummer, F. (2010). The Hospitality Industry and Some of the Personnel Challenges it faces. Retrieved from https://www.hotel-online.com/News/PR2010_3rd/Aug10_HospitalityPersonnel.html Mitchel, J. (2009). Value chain analysis and poverty reduction at scale. Oxford: Butterworth–Heinemann. Quinion, M. (2005). Dark Tourism. New York: World Wide Words. Travels. (2009). 2009 tourism trends. Retrieved from http://moelwintravels.blogspot.com/2009/01/2009-tourism-trends.html This essay on Current Issues and challenges of Hospitality and Tourism Industry was written and submitted by user Aaden Dillard to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.