MGMT Presentations Flashcards
What is the economic importance of tourism?
Tourism creates employment, generates foreign exchange earnings, develops infrastructure, and promotes cultural exchange.
What are the global tourism challenges?
Challenges include revenue losses in tourism-dependent economies, increased demand for dollars, and long-term financial instability.
What solutions are recommended for tourism?
Focus on sustainable tourism practices, strengthen governance, and promote local engagement in tourism projects.
What is the complex balance in ecotourism?
Ecotourism must balance conservation with economic benefits.
What are the hopeful pathways for ecotourism?
Adaptability, true sustainability practices, and greater community engagement are essential.
What is the significance of properly managed ecotourism?
It serves as a powerful tool for environmental conservation and sustainable community development.
What are key insights for businesses from historical practices?
Resilience and innovation in adversity are significant, and community-oriented approaches can address racial inequalities.
What are the educational and workplace implications?
There is a need for a shift in how business history is taught, emphasizing diversity and inclusion.
What is the future potential for modern businesses?
Businesses adopting cooperative and inclusive models can thrive, leveraging lessons from Black management history.
What is the conclusion regarding Black management history?
It is a crucial yet overlooked component of business history, advocating for a transformative approach to education and management.
What must financial innovation balance?
Profitability with consumer protection.
What risks can loopholes create?
They can drive growth but create long-term risks like debt cycles and regulatory backlash.
What are key takeaways on Inditex’s success?
Inditex transformed the fashion model through supply chain innovation, reducing reliance on subcontractors, and strategic cost-saving measures.
What is the cultural identity’s role in Indian high-end fashion?
It is integral to uniqueness but can limit globalization and appeal to diverse markets.
What is the role of consumers in traditional craftsmanship?
Education about its value can drive financial growth.
What is the future potential for the Indian fashion industry?
Balancing tradition and modernity is key to unlocking global potential.
What does BP’s history reflect?
The complex interplay of global business, sovereignty movements, and geopolitics.
What are examples of nationalization in the oil industry?
Iran’s conflict over resource control and Saudi Arabia’s peaceful reclamation of oil resources.
What are modern industry trends regarding BP?
BP and peers are moving away from renewables amidst geopolitical and financial pressures.
What do divergent energy policies reflect?
Differing priorities and circumstances between countries.
What are the risks of offshoring customer-facing roles?
Service quality declines, customer dissatisfaction, and jeopardized brand loyalty.
What is the proposed solution for offshoring?
Best Shoring Strategy: Offshoring routine tasks while keeping complex roles onshore.
What lessons were learned about adapting to local markets?
A one-size-fits-all strategy does not work; cultural values and consumer preferences must shape business models.
What does Walmart’s failure in Germany highlight?
The need for businesses to understand cultural, regulatory, and economic contexts when expanding internationally.
