ESSAY : Building Business Assignment 4

HTM 251 – Industry Externship

Building a Business Assignment #4 – GROUP

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Due date: Sunday, 06 December 2020 at 23:58

A late penalty will be deducted for material submitted after the stated deadline. Late assignments will be accepted up to two (2) days after the due date; however, a penalty of 10% will be deducted per day. After this time, no assessment will be provided and a grade of “0” awarded. Saturdays and Sundays are counted as days late.  Due dates will not be extended.  E-mail submissions will not be accepted.

Course/Section:  HTM251NH __________

                NOTE:  All members of the group MUST be from the same course/section and must be signed up in “Groups” in Blackboard “My Seneca”.

Name of Group: ______________________

Group Members:

                NOTE:  Group members will remain the same for all assignments the entire semester.

Lead: (Name) ________________________ (Student Number) ___________________

Member: (Name) _____________________ (Student Number) ___________________

Member: (Name) _____________________ (Student Number) ___________________

Member: (Name) _____________________ (Student Number) ___________________

Member: (Name) _____________________ (Student Number) ___________________

Equal Participation:
Each group member should contribute equally. Groups are to assign a section(s) to each member to research, develop and write. The work should be divided equally. Designate one group member as the group leader for the assignment. The group leader will be responsible for the final product submitted.

Grading:
Since grading is based on the overall assignment, group members should notify the professor before the due date if any member does not do their share and advise the professor of the action the group took with the member not doing their fair share (remember, professor only works Tuesday-Wednesday 09:00 – 16:00 during the fall 2020 semester). If the group feels a group member is not doing their fair share, it is at the sole discretion of the group members to take appropriate action.

Purpose:  Bring together the knowledge and skills learned throughout the Hospitality and Tourism Program to create a successful business.

Assignment: You and your group are to create a business in today’s economic reality. You will be working the same group members for the entire semester.

Type of Business:  Choose a business from any one of the following hospitality industry segments:

• Food and Beverages
• Lodging
• Recreation
• Travel and Tourism

Location of Business:  Business locations will be chosen by the student.  Students will be required to support their choice of location.

Use this template (feel free to adjust the boxes accordingly) to answer the following about the business your group is going to open this semester:

What business are you opening?

Restate the following from Assignment #1 and ensure that all your business plans in the rest of the document reflect to:

1. Your Mission Statement to define your company’s business, its objectives, and its approach to reach those objectives.

• Your Vision Statement describing the desired future position of your company.

• Your Statement of your company’s purposes, goals, and values.

1. (95%) Select one (1) role that you have just hired. Develop an onboarding plan for the first three months for this employee.  Include (but not limited to) the following:
   1. Agenda for Day 1 Orientation
   1. Employee Handbook
   1. Policies and Procedures
   1. Details of the job
   1. Goals and action steps
   1. Define overarching expectations
   1. Performance appraisals
   1. Hours of work, hours free from work
   1. Other

• (5%) How does question 1 support your companies’ mission/vision/statement?

SAMPLE SOLUTION

HTM 251 – Industry Externship

Building a Business Assignment #4 – GROUP

What business are you opening?

We are opening a food and beverages’ outlet in New York City. New Yorkers are known to go for the finest things in life which explains our choice of the location. More specifically, we will focus on a bubble tea shop. Nowadays, almost everyone craves for bubble tea which means the turnover rate is likely to be high. The shop does not take a lot of space as the product is often served as takeaway. This will help us save on rental fee. Additionally, it is super easy to make quality bubble tea because there is a specific formula that is easy to…