On average a foreign tourist who visits Sri Lanka spends USD 40 per day in covering his expenses which is considered as a quite low when compared to other countries such as Maldives where an average expenses of a tourist is USD 600 per day. Per Tourist cash flow is important in achieving high level of profit from tourist industry and Now Sri Lankan tourist industry focuses on targeting to up market tourist who has high spending power. In targeting high [...]

Strategic Management is the process by which the organization identifies its desired level of performance and developing/executing an action plan to achieve it. Many scholars have suggested different models in which the strategic management process can be carried out. In this tutorial we present a new model introduced by the author. The model starts with the analyzing the current position of the organization where the internal organization can be analyzed using strengths and weaknesses (S,W) of a [...]

Strategic management is the process of understanding the business environment, developing the desired state of performance and implementing strategies to achieve it. Operations management involves executing the strategy on the day to day basis to achieve the desired performance in the long run. The difference between strategic management and operations management can be described as follows: Strategic management is an organizational wide activity where the operations, sales and finance are concerned from the top level to the bottom level [...]

Strategic management includes strategic planning, implementation and review/control of the strategy of an organization. All most all the modern organizations engage in strategic management to ensure that they achieve the desired level of performance. But in the modern business context strategic management faces many challenges such as: Orientation for globalization- Every aspect of the business is getting globalised and business organizations step in to global operations with MNC and other foreign business operations methods. Due to the globlised operations [...]

Developing effective work place relationships with diverse people is very important to any organization. Diversity in the workplace adds a special richness, but also will bring about special challenges. Effective diversity work relationships are critical for the success of a particular organization. Diversity more than just being willing to hire all types of employees. It is accepting, celebrating and valuing all people regardless of race, gender, sexual orientation, religion and age.