Copthorne Hotel †Department Analysis Essay -- Business and Management

Copthorne Hotel Department Analysis payThe pay department at the Copthorne Hotel is extremely importantto the running of the hotel. Some of the finance operations arcarried out in spite of appearance the hotel and some are centrally carried out. Forexample overall accounts, balance sheets for the whole company,Annual reports and break even analysis part all carried out centrally.These are all done centrally to degrade the amount of pressure on the idiosyncratic hotels and to make sure that they film al the informationsorted instead of waiting or the individual hotels to send all of theinformation to the central office. Here are a few more jobs that arecarried out centrally.- Compilation of the Financial theatrical role of the annual report- Obtaining capital and resources for bulk purchases for all of the hotels regionally- Identifying set down up costs- Identifying running costs- Preparing business plans if hotels need to usurp property- Paying salaries of the managem ent teamThe finance department within the hotel carries out the simple jobslike paying invoices, preparing guest accounts and paying stipend forstaff (casual staff etc.tera. Here are a few more jobs that the financedepartment within the hotel has to handle- Purchasing orders- Monitoring intake (gas, electricity etc) to make sure the hotel stays within its budget each(prenominal) finance department (centrally and locally) has 5 main jobs. Theyare as follows Finance Manager, Cost Controller, Accounts Clerk,Salaries Clerk and several Accounts staff who monitor all of the former(a)departments to make sure they do not go over their budget. The financedepartment would not be able to do work properly without the involvestaff and each person is equally important.How Finance helps the Copthorne to meet its aims and objectivesThe finance department is one of the most important departments in thehotel. The finance department manages all of the money that comes inand goes out of the hote l, so without the money that the financedepartment gives them, many departments would not be able to operateproperly.At the beginning of the business year, the finance department set abudget for each department in the hotel. For example, the HumanResources department would be given a 2,000 budget for all of thebusiness year. The Human Resources ac... ...k unitedly efficiently then Aims & Objectives willbe met- Finance & Administration every(prenominal) of the other departments know noticesand information about budgets, ASAP.- Finance & marketing every(prenominal) of the other departments know when theirbudgets will be received as Marketing may print notices or posters.The finance department will as well as know how much custom is cosmos madefrom the advertising posters etc.- Finance & Sales The finance department will know what is beingspent, hat money is being brought in from sales of merchandise etc.- Marketing & Administration If the Administration team work hardand o bligate the staff happy, the marketing department wont have to sellhotel as much.Changes I think could be made- The first thing I would add is a multi-department meeting at the endof every week. This would entrust the departments to analyse the weeksperformance to see if they could improve anything within the hotel.-I would try and allocate certain days/weeks for certain people. ForExample a week special for families. This would bring in extra money,or a week for couples. This would make a boost to profits as it wouldbe a one off special.