Life cycle of tourism and hospitality businessesLaajuus (5 cr)

Objective

You know the stages and typical features of a tourism and hospitality company's life cycle.

You know how to assess the life cycle stages of the company, the industry, and the business cycle.

You know the challenges and opportunities associated with the different stages of a tourism and hospitality company's life cycle.

You can act responsibly at different stages of a company's life cycle.

You know how to influence the stages of a tourism and hospitality company's life cycle with the help of innovations, new ideas and people.

Content

What are the stages and typical features of a company's life cycle?

How can you assess the life cycle stages of the company, the industry, and the business cycle?

What are the challenges and opportunities associated with the different stages of a company's life cycle?

How do you start a business, grow a business profitably, expand a business, or implement a change of ownership?

How can you influence the stage of a company's life cycle with the help of innovations, new ideas and people?

Evaluation

Student can

use professional concepts expertly in different situations.

evaluate the information sources critically.

work as a team member in expert roles in working life and notice and describe problems in the professional field.

evaluate operations in customer, user and target group situations.

choose appropriate models, methods, software and technologies and justify the choice.

promote the goal-oriented activities of the team.

critically apply the ethical principles of one's field in different situations.