Operation Of Tourism Hospitality Management -Myassignmenthelp.Com

Question: Discuss About The Operation Of Tourism Hospitality Management? Answer: Introducation To manage economic sustainability in a chocolate business the organization should focus more on earning profits (Schaltegger Wagner, 2017). However, this can be done if they can bring innovation, prosperity as well as productivity in their products. To manage social sustainability of the business tax payment is essential and holds high benefits. This will help the business to save hundreds or thousands of dollars every year. Tax pay can further help if the business is unable to make money then the losses can be deducted from the income tax. Environmental Moreover, to manage environmental sustainability in chocolate business they can 100% recyclable products where no material will be wasted. From the wrappers and the chocolate boxes everything should be made with 50% recycled materials and must be fully recyclable (Epstein Buhovac, 2014). Code of ethics Here in the chocolate business the customers are the main visitors for whom there will be no such code of ethics. For employees However, for the employees their code of ethics will represent the values of the company through which a consistent customer services will be provided (Beeri et al., 2013). Customers must be treated like family, employees should always listen to the customers and positive attitudes should be maintained. Environmental Accreditation In a chocolate business, the sole responsibility must be regarding their sustainable farming whether the resources are sourcing locally or overseas. Among them, the most appropriate will be UTZ certification (Kruschwitz, 2012). Through this, the farmers can get more operations to adapt better methods of farming, improved work conditions as well as take better understanding of their environment. It can further have cocoa certification, which will enormously help the business to enhance its brand name. On the other hand, it can also boost the supply chain and helps in narrating a more trustworthy story around the emergence of the products. Environmental standards of the business Environmental management is an important part in any business in Australia. However, there are several environmental laws, which can affect any business severely. State, territory and local government together administer the environmental protection. Whatever business one might run but it must diminish the impact on the environment and enhance their bottom line. The basic environmental standard that this chocolate business must adhere to is minimizing their carbon footprint, diminishing the wastes (Kizil et al., 2013). Thus, becoming more sustainable can result in energy, water as well as saving of waste management. Apart from these Australian businesses, have competitive, consumer, product liability, environmental legislation as well as privacy laws, which every business must adhere. Environmental risks Environmental risks factor that can affect the chocolate business can be natural disasters legal risk factors like insurance issues, resolving disputes, contractual violations, liabilities and so on (Smith, 2013). Moreover, regulatory as well as governmental policy changes also act as risks. Work health and safety risks including accidents caused by materials or location of the business. There can be economic as well as financial risk factors like shortage of the cash flow, rising costs or increase in interest rate. Reducing techniques A risk management plan is highly recommended along with a business impact analysis so that the potential risk factors of the business are identified as well as minimized at their roots and thus, the business can be saved from its negative impacts. This risk management plan should detail the strategies to deal with the risky situations. On the community and users of the land The contemporary society is perceived to be a platform from where the health as well as equity concerns are present among the people. Therefore, this Chocolate business should also be connected with fair trade certification as well as with direct trade practices, which mainly helps in enhancing the living conditions of the farmers or traders, connected with whom the work of sustainability is carried forward (Raynolds, 2012). Moreover, the business is very much committed towards promoting the principles of human as well as labour rights. Therefore, this business will try to provide healthy products, as well as try to utilize the labour of that very country where the business is situated. Along with it for this very business, the raw materials are mainly preferred not to be exported from other countries. Thus, the ingredients are mainly utilized from the home country. References Beeri, I., Dayan, R., Vigoda-Gadot, E., Werner, S. B. (2013). Advancing ethics in public organizations: The impact of an ethics program on employees perceptions and behaviors in a regional council.Journal of Business Ethics,112(1), 59-78. Epstein, M. J., Buhovac, A. R. (2014).Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts. Berrett-Koehler Publishers. Kizil, C., Eddy, V., Clary, L., Crowell, K. (2013). Hershey's Entry to the Australian marketing with a New Brand: An Accounting and Marketing Perspective.Emerging Markets Journal,3(2), 97. Kruschwitz, N. (2012). Why Kraft Foods cares about fair trade chocolate.MIT Sloan Management Review,54(1), 1. Raynolds, L. T. (2012). Fair Trade: Social regulation in global food markets.Journal of Rural Studies,28(3), 276-287. Schaltegger, S., Wagner, M. (Eds.). (2017).Managing the business case for sustainability: The integration of social, environmental and economics performance. Routledge. Smith, K. (2013).Environmental hazards: assessing risk and reducing disaster. Routledge.