Management of the Dorquay Hotel Samples for Students-Myassignment

Questions: 1.Discuss how the Management of the Dorquay Hotel could have estimated the Occupancy rate. 2.Do you think Mr Smith should take the trip? Outline any Ethical Concerns involved. 3.Would you recommend the Change proposed. Answers: 1.There is no similar static rate for an occupancy rate of the hotel. Clearly, occupancy of rooms refers to the number of times a room is booked or sold to the visitor (room occupied) in a specified period of time, as compared to the highest times a room is occupied. The number is expressed in terms of percentage. In a situation where the establishment of each and every room are shared and at the same time estimation is done, then the occupancy of room in an establishment as a while can be calculated. Any variation seen in the calculation process is the bed-night occupancy. Further, the calculation gives consideration on the availability of beds-number in every room. Dorquay Hotel could have estimated the occupancy rate by dividing the total number occupied rooms in their hotel by the available one by 100 times. For this aspect, they might have considered their past experience, previous statistics, seasonal factors and trend in the market[1]. On the basis of these factors; data for computation has been gathered by the hotel to determine their occupancy rates. 2.Acceptance of offer No, Mr Smith should not accept the complete offer as it is kind of bribe salesperson is trying to offer Erle Smith as his decision can provide an absolute advantage to the vendor. Bribery is considered as intolerable aspect all around the world. Indeed, in general, every country knows that bribery is a disgraceful act in itself. Individuals accepting bribes do not ever say that they have accepted such bribe as these are an illegal and unethical for the benefit to oneself. Accepting gifts is a part where someone is accepting a favour from another and can further create the thinking of too much influence[3]. A gift is a thing given happily having no hopes of returns, and a bribe is something offered in the expectation of benefit. However; accepting the gift of a free family trip to Los Angeles might be a severe business breach or contravene to ethics, or maybe a law violation. Hence, it is illegal to accept bribes or invitations like free family trip Losas theintentis to buy favour. Advantages and disadvantages of employee code of conduct In general, code of ethics is good for Practical Solutions Ltd, as it establishes standards and interest for managers while ensuring viable and feasible terms in professional conduct. Code of ethics also creates a process of discipline easier when there is the emergence of unethical conduct[4]. Making use of code constructs a professional rooftop, ethical and positive working environment, however ignoring it can lead to distrust and contradiction. Employees could abuse codes when they apply it to involve grudges and private agendas like condemning subordinates they dislike of working against the code. Employees could do abuse of code by condemning employees failing to the meet the standards regarding permanence measures, even if it is appropriately complied by employees. Integration and values must be boosted by the cited code. Code of ethics is not a comprehensive regulatory standard. It does not even describe the needs to come up to an ethical conclusion. In case employees are not known to this limitation, they consider that there is authenticity in the values and standards because it is not defined by the code. Self-awareness and training programs must be held ensuring that queries must be put if any of the employees are unaware or unclear of the code of ethics. Factors to be considered in developing employee code of conduct Practical Solution Ltd should consider following aspects for the development of their code of ethics; first is values that mean the performance of the company in a daily basis, the major aim of the code of ethics to ensure clear and definite value regarding all interaction, activities and operations of the business. Next are principles, which are a support pillar for the values of business and are required to be followed by each and every member of the organization. Management support of principles and values must also comply in the code of ethics. One other significant component is the responsibility and duty to maintain the code of ethics that means meeting the terms of code ethical and authentically. Last is compliance with the rules and regulations in the daily operations of the business. 3. Profit in existing circumstance Selling price $60 Less: Variable manufacturing cost $28 Less: Variable marketing and distribution costs $12 Contribution $20 =35000 units *$20-$490,000 =$210000 Profit if proposal is accepted Selling price $60 Less: Variable manufacturing cost $28 Less: Variable marketing and distribution costs $16 Contribution $16 =35000 units*$16-$410,000 =$150000 Units to be sold to recover same profit Contribution margin has been reduced due to increased variable costs, and same is $16 To achieve same profit as 2015 =($410,000+$210000)/$16 =38750 units Recommendations The proposed offer should not be accepted in short term as it will make a significant reduction in profits. References Birt, Jacqueline, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver. Accounting: Business reporting for decision making including iStudy, 5th Edition. John Wiley Sons Australia, 2014 Hung, Wei-Ting, Jui-Kuo Shang, and Fei-Ching Wang. "Exploring the Determinants of Hotel Occupancy Rate: A Dynamic Panel Data Approach."Abstract of Economic, Finance and Management Outlook3 (2015): 1-4. Oladinrin, Olugbenga T., and Christabel MF Ho. "Critical enablers for codes of ethics implementation in construction organizations."Journal of Management in Engineering32.1 (2015): 04015023. Psaros, Jim, and Michael Seamer. "Ranking Corporate Governance of Australia's Top Companies: A Decade On."Australian Accounting Review25.4 (2015): 405-412. Hung, Wei-Ting, Jui-Kuo Shang, and Fei-Ching Wang. "Exploring the Determinants of Hotel Occupancy Rate: A Dynamic Panel Data Approach."Abstract of Economic, Finance and Management Outlook3 (2015): 1-4. Birt, Jacqueline, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver. Accounting: Business reporting for decision making including iStudy, 5th Edition. John Wiley Sons Australia, 2014 Oladinrin, Olugbenga T., and Christabel MF Ho. "Critical enablers for codes of ethics implementation in construction organizations."Journal of Management in Engineering32.1 (2015): 04015023. Psaros, Jim, and Michael Seamer. "Ranking Corporate Governance of Australia's Top Companies: A Decade On."Australian Accounting Review25.4 (2015): 405-412. Birt, Jacqueline, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver. Accounting: Business reporting for decision making including iStudy, 5th Edition. John Wiley Sons Australia, 2014