Hotel Industry Business - Essay Example

I intend to find the best business climate by considering the micro and macro conditions that might affect the business. In considering the microenvironment, I will consider the availability of my suppliers of raw materials and other supplies (Mathis and Jacks 56). I will also consider the presence of my target market, the accessibility to the hotels, and the competitors in an area. The macro conditions to be considered include the factors influencing the operations of the business but are beyond our control. This will involve the evaluation of demographic, normal, fiscal, political, and technological environments (Mathis and Jacks 76). I will consider the legal restrictions that certain countries impose on the type of business to ensure the operations of the business run smoothly. I will also consider issues such as security since the business will depend on it to maintain our customers. The best business climate is the one that will adequately satisfy the above conditions hence ensuring effective competition and success of my hotel business.