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from the scenario below Choose at least two techniques from any Knowledge Area that could be used by Mr. X to better compete with Air BnB. Give a detailed explanation of each technique, the reasons for your choice, and how you would apply them to the scenario.

from the scenario below Choose at least two techniques from any Knowledge Area that could be used by Mr. X to better compete with Air BnB. Give a detailed explanation of each technique, the reasons for your choice, and how you would apply them to the scenario.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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from the scenario below

  1. Choose at least two techniques from any Knowledge Area that could be used by Mr. X to better compete with Air BnB.
  2. Give a detailed explanation of each technique, the reasons for your choice, and how you would apply them to the scenario.
Mr. X had been running a successful hotel for 10 years, but it lost its competitive position with the advent of Air BnB]. Mr X knows that new approaches and strategies have to be considered. He believes in the principles of quality management, but he also knows that such change initiatives could take years to be fully realised. Mr X obtained R 500 000 investor funding, and the investor wants results. After initial discussions, you and Mr X agree to pilot project that might achieve two objectives. • Start an effective quality management project at the hotel. • Gain the kind of short term results you believe are essential to maintain investor interest and support for the project.
Transcribed Image Text:Mr. X had been running a successful hotel for 10 years, but it lost its competitive position with the advent of Air BnB]. Mr X knows that new approaches and strategies have to be considered. He believes in the principles of quality management, but he also knows that such change initiatives could take years to be fully realised. Mr X obtained R 500 000 investor funding, and the investor wants results. After initial discussions, you and Mr X agree to pilot project that might achieve two objectives. • Start an effective quality management project at the hotel. • Gain the kind of short term results you believe are essential to maintain investor interest and support for the project.
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