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HospitalityEducators.com: the #1 independent website for hotel owners and managers
Leading personalities of the hospitality industry delve into the importance of mentorship, listening skills, empathy and objectivity when getting and giving advice. The film follows 20 hospitality leaders through Hong Kong, London, New York and Las Vegas as they oversee their global organizations.
During this journey the film revealed themes that include:
- Is it lonely at the top? - Respecting that others have knowledge - The role of intuition and gut in decision-making - Recognizing what you don't know - The role of advice in teams and the quality of your people - That you need to learn how to give advice - That good advice makes you think and gain a perspective - Telling the truth is absolutely essential - The DNA of a good advisor
This site can help you solve your problems now! ________
Why HospitalityEducators.com is different The academic and corporate hospitality educators on this site are professionalscommitted to sharing knowledge and best practices that blend real world experienceand the latest in educational approaches.
As mentors, we have proven strategies and tactics to help your hospitality business reach its potential.
HospitalityEducators.com: the #1 independent website for hotel owners and managersRECOMMENDED READING
Business Succession Planning For Dummies
by Arnold Dahlke 5.0 out of 5 stars
A solid planning resource for Succession Planning, In my work as an educator and consultant, I work with both family businesses of various sizes and with traditional corporate structures.
Each of them have a common need - planning for the future by either growing their own talent or by identifying and addressing their weaknesses them by finding the right professionals to strengthen their businesses.
This means active succession planning, which sounds muck easier than it actually is.
I am not fond of the series titled "for Dummies" but some of these books do a credible job at simplifying the approaches needed to address the topic. This is one of them.
The book is in 5 main sections
1. What Is a Succession Plan, and Why Do You Need One? 2. Creating a Plan and Putting It into Action 3. Diving Deeper into Succession Planning 4. Keeping the Succession Ball Rolling 5. The Part of Tens
Each of these parts begins with a disarming but pertinent cartoon by Rich Tennant, which add to the relaxed atmosphere of the book itself. Early into the first chapter, the author asks a key question, where we are asked to consider what might happen without a succession plan. He answers that in a very concise way:
Succession planning plays a role in extending a family business into the next generation by resolving issues of responsibility and authority needed to succeed. It can allow a business to pass from one group to another in a sale by ensuring the operational, marketing, and financial and people services are maintained.
Succession planning requires flexibility, timing and a commitment to process. This book provides tangible tools and resources, while acknowledging some of the more intangible but very real emotional characteristics of change
Dr. Arnie Dahlke, the author, has both academic, business and experience credentials to justify his messages and the book offers a guide, using clear and succinct techniques.
I liked the "Where to Go from Here" at the end of the introduction, which summarizes the need and background for planning.
Succession planning often requires more than reading a book due to the very involved details of transition, but this is an excellent resource
Dr. John Hogan CHE CHA CMHS HospitalityEducators Hogan Hospitality
What's the Problem™?
Too small a budget to find new marketing approaches or are there options?
We have all seen good ideas at various businesses we interact with, yet we seldom think about ways we might make them work at our hospitality businesses.