Strategic Management and Leadership: The Hong Kong and Shanghai Hotels Group – Page 3

Proper leadership characterizes the management wing of The Hong Kong and Shanghai Hotels Group. Therefore, when accounting for the success of the company, the contribution of leadership plays a very important role. In this company, the leadership composition is very good. It comprises of professional of all ages, young and old. For example, the current head of human resource is a woman aged 44 years. This composition incorporates ideas from all ages with little or no bias. The managers and directors also hail from different locations and nations. This means that there is a wide variety of good ideas to consider. The leadership is also effective since experience and skills are the basic factors considered when naming different managers and directors. This contributes to efficient and effective accomplishment of the company goals. In short, the leadership structure present in The Hong Kong and Shanghai Hotels Group is so effective and proactive thus resulting to positive contribution of the company’s success.

Although The Hong Kong and Shanghai Hotels Group have a good record of success, there is need for strategic monitoring of progress as time goes (Netswitch Technology Management, 2013). This is because the current display of success does not guarantee all time success even in the future. The management should be aware of some factors that either might externally or internally affect the success of the company making it difficult to remain as successful as it has always been. One factor that might change this status quo is competition. Close competitors might copy all its strategies to give the consumers a notion that The Hong Kong and Shanghai Hotels Group is in no way special. To deal with this, this company should strengthen efforts in the strategic innovation wing so that as soon as competitors copy something, they launch something else new (RESET Carbon Ltd, 2013). Something that may change success level from the inside is top management turnover. This could affect the company’s success a great deal since the new management may lack to have the company’s history with them. To deal with this would involve performing job promotion from within. Those who take managerial posts boast of adequate knowledge of the company’s history, and just require a little time to adjust to normal operations.

Conclusion

For such a long time, The Hong Kong and Shanghai Hotels Group has enjoyed adequate limelight in the multinational hoteliers industry. The company has received numerous awards and worldwide reputation as a result. This has wholesomely been because of the efforts that the management in strategic leadership and planning. The company’s future promises to deliver even more services to its customers. Though enjoying success, the management is not at lax but rather it is carrying out more research and development projects to guarantee the continuity of the current success even in the future. The Hong Kong and Shanghai Hotels Group is a company that sets trend for competitors to follow. As far as the prevailing economic conditions don’t change, one can easily guarantee that the success of this company is bound to continue.

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