The future of SMEs(Small Medium Enterprises) in developing hospitality Essay

The future of SMEs(Small Medium Enterprises) in developing hospitality products - Essay Example Eminence inside a hospitality organization consists of the entire services which the tourist is busy in and is not restricted by instance or locality of the stay. The pace of reply and size of information are to be perceived as significant factors for the quality of Small and medium-sized hospitality organization and, of course, customer satisfaction.   This paper deals with the future of small and medium-sized hospitality Enterprises (SMHEs) in developing hospitality products. The hospitality industry is entered a new era of dazzling breakthroughs in communication and information technologies. Today, the top organizations are no longer shrinking back from the technology sector because they believe it to be broad, personal, or indispensable. In its place, advanced hospitality hands, especially in UK, distinguishes that in a progressively more bloodthirsty market, the acceptance and amalgamation of new technologies across their whole business enterprise opens the door to new potentials and practices that can indicate the disparity between success and malfunction. It has been argued that smaller enterprises can achieve considerable profits from IT sector. However, there should be a clear difference between the information needs of firms and their technology requirements (Mutch, 1998). The spending on IT sector in the hotel industry is somewhat low contrasted with industries such as monetary services and telecommunications, whose basic functions are reliant on IT-based developments, the sector use up to  £2,241 per desktop every year for small and medium-sized industries and  £5,554 for larger industries. Study has previously shown that various products are by now one of the most well-liked and trendy products putted up for sale over the Internet. Once the chains of hotels have been nippy to take advantage of on new technology and similarly it can be alleged for Internet, with the majority of

Island of stone money Essay Example | Topics and Well Written Essays - 500 words - 1

Island of stone money - Essay Example The uniformity of Fei was another element that added to its qualification as money. As a trait in Fei, the stone could not be duplicated and this helped to restrict the use of alternative commodities as currency. Fei was a viable item for money because it was transportable. It had a hole in the center that helped in carrying it around especially when the need to complete a transaction arises (Friedman 1). The suitability of Fei to perform the function of medium of exchange underpinned its qualification as money. Fei allowed the islanders to transact buying and selling goods amongst themselves conveniently. Money helps in storing value and so did Fei. For example, a family in the Islands was renowned for its wealth because of an ancestor who had discovered a Fei that, besides having sunk in the sea, it still gave them a sense of wealth (Friedman 2). Fei was commodity money because its users accepted it as a form of payment even when they did not have a specific need for it. This is the reason why it was not necessary to carry the Fei from the buyer after completing a transaction. The value in use of Fei is one paramount aspect that justifies that it was commodity money. Fei had intrinsic value and besides helping the buyer to get the goods and services they needed, the seller obtained a sense of wealth and he or she enjoyed the prestige ascribed to people in possession of it. It therefore helped fulfil the goal of an economic activity of acquiring the value of commodities and services. Fei is commodity money because using it in transactions resembles barter trade only that it has a single recognizable unit of exchange (Friedman 2). Fei also qualify as commodity money because it has value in exchange. Exchanging Fei for other goods helped buyers indirectly acquire other items. Fei had value in exchange and if its value in use changed, it would have