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Number of Pages 20
This research paper: A 20 page paper examining the topic of bankruptcy and how to avoid it. Bankruptcy carries less negative connotation than it did in the past, but the need for it in the hospitality industry – or any other, for that matter – indicates that management has not properly identified trends or accurately assessed the organization’s place in its industry. Sound financial management does not occur in a vacuum. It is dependent on accurate assessment of the state of the industry; economic conditions in industries that can affect the hospitality industry; regional and global economic conditions; political stability and a host of other issues. It is dependent on the identification and pursuit of appropriate strategy and must take into account changing customer needs as it strives to meet those needs. Bibliography lists 23 sources.
File: CC6_KShotelFinBankr.rtf
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