Preview

Online Reservation

Good Essays
Open Document
Open Document
1238 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Online Reservation
CHAPTER 2
REVIEW OF RELATED LITERATURES AND STUDIES
This chapter presents the review of related literature and studies, underlying the framework of the study. It includes the conceptual model of the study and the operational definition of terms.
Review of Related and Literatures and Studies
Based on the article that Eric Richard wrote (January 27, 2010), when it comes to diversity, the business world runs the range. From niche devices to everyday services, businesses large and small offer a seemingly never-ending variety of products to customers and clients.
Although their products, services and office procedures vary widely, there is one thing most businesses have in common: competition. Unless a service is completely unique and unavailable from any other providers, businesses must continuously look for new ways to stay ahead of the competition. Whether it's through marketing, the creation of new products or services, or added benefits for its clientele, rising above competitors can help ensure both short- and long-term success.
The thought of staying competitive can make some owners and operators cringe, as they may believe it will cost a substantial amount of money. However, there are many inexpensive actions a business can take to keep pace and pass their competitors. One of these is online reservation system.
TAPPING INTO THE INTERNET
The Internet is an important part of most people's lives. They use it to communicate research information and conduct daily tasks. They also rely upon it for scheduling appointments and booking reservations. Based on the ever-increasing demand for online services, one would think that most businesses maintain an online presence that includes customer self-scheduling. However, this assumption is not necessarily true, as many businesses do not offer such services to its customers. And while they don't, their competitors may.
Online reservation system can be the missing piece of the puzzle that gives businesses the edge

You May Also Find These Documents Helpful

  • Good Essays

    In a marketplace that is always changing and very competitive, it can be very hard for a company or organization to set themselves apart from the competition. Companies are constantly aiming to beat out their competitors, win over customers, and obtain a product that is more desirable than the next companies. These companies are involved in a constant back and forth battle that can be very costly and not very efficient. These companies would be greatly benefited if they concentrated on creating a larger industry for their customers, creating uncontested markets, making the competition irrelevant, creating and capturing new demand, breaking the value-cost trade-off and aligning the system of their activities to pursuit…

    • 886 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    In today’s world of business there are many competitive challenges that are faced while attempting to stay relevant and successful in the business industry. Throughout this paper two companies will be discussed. The first for failing to stay relevant is Circuit City, whose attempt at remaining successful as a retail business was short lived. The second company to be discussed is Johnson & Johnson, who remained successful throughout the many years they have been in business. There are many reasons why a business may fail and many reasons why a business can become and remain…

    • 2103 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Green Room Productions

    • 693 Words
    • 3 Pages

    In the early and mid 90’s the Internet and .Com based companies were booming. In the Travel Industry, people who normally used Travel Agencies to make reservations for airline flights, hotels and auto rentals were now turning to internet based companies such as Prodigy and Pctravel.com, which connected users through ATC’s computer to the Apollo Computer Reservation Systems (CRS), by translating complex codes and commands into a simpler interface.…

    • 693 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    5 porter

    • 1835 Words
    • 8 Pages

    To survive and thrive, an organization must create a competitive advantage. A competitive advantage is a product or service that an organization’s customers place a greater value on than similar offerings from a competitor. Unfortunately, competitive advantages are typically temporary because competitors often seek ways to duplicate the competitive advantage. In turn, organizations must develop a strategy based on a new competitive advantage.…

    • 1835 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    I. Introduction 1. There are several basic approaches to competing successfully and gaining a competitive advantage, but they all involve giving buyers what they perceive as superior value compared to the offerings of rival sellers. 2. This chapter describes the five basic competitive strategy option for building competitive advantage and delivering superior value to customers – which of the five to employ is a company’s first and foremost choice in crafting an overall strategy and beginning its quest for competitive advantage. II. Competitive Strategies and Industry Positioning. 1. By competitive strategy we mean the specifics of management’s game plan for competing successfully –its offensive and defensive moves to counter the maneuvers of rivals, its responses to whatever market conditions prevail at the moment, and its approach to securing a competitive advantage vis-à-vis rivals. 2. A company achieves competitive advantage whenever it has some unique way of delivering way of delivering superior value to customers. Core Concept…

    • 4409 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    Whale Done-Book Review

    • 2738 Words
    • 11 Pages

    Innovation is the key in business. However any new strategy, be it on price or service is immediately known by competitors and replicated. Copying is inevitable. This means that the only real competitive edge is the relationship you have with your employees and your customers. If your employees trust you, respect you and believe in your goals then all the other factors like good customer service, product quality, pricing, marketing and delivery comes automatically.…

    • 2738 Words
    • 11 Pages
    Better Essays
  • Better Essays

    The threat of a new competitor in a market brings a lot of undue stress and angst to an already established business. A strategy needs to be established to address concerns of the employees and guiding them through the process…

    • 3929 Words
    • 16 Pages
    Better Essays
  • Good Essays

    Making reservation information available online to last-minute costumers, and offer special discounts on renting. An updating in the system for database is necessary for future business opportunity.…

    • 374 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The Ipremier Company

    • 1588 Words
    • 7 Pages

    It’s essential in company to develop the competitiveness environment in order to compete the MarketTop…

    • 1588 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Innovation at Toyota

    • 449 Words
    • 2 Pages

    In the long run, innovation of products and processes is perhaps the most important building block of competitive advantage. Competition can be viewed as a process driven by innovations. Although not all innovations succeed, those that do can be a major source of competitive advantage because they give a company something unique—something its competitors lack. Uniqueness can allow a company to differentiate itself from its rivals and charge a premium price for its product or, in the case of many process innovations, reduce its unit costs far below those of competitors.…

    • 449 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    * Firm strategy, structure and rivalry constitute the fourth determinant of competitiveness.[2] The way in which companies are created, set goals and are managed is important for success.[2] But the presence of intense rivalry in the home base is also important; it creates pressure to innovate in order to upgrade competitiveness.[2]…

    • 1539 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    SOGO HOTEL

    • 407 Words
    • 2 Pages

    Using internet provides backend system for hotel’s staff to update and maintain rates and availability, including special promotion, either FREE bonus nights or Percentage discount, early bird discount and last minute deals. They work through rate plans and this allows maximum flexibility to cater for various promotions that a hotel can think of, as well as packages. An increasing number of hotels are building their own websites to allow them to market their hotels directly to consumers. Non-franchise chain hotels require a "booking engine" application to be attached to their website to permit people to book rooms in real time. One advantage of booking with the hotel directly is the use of the hotel's full cancellation policy as well as not needing a deposit in most situations. They have direct connections to the airline national distribution systems .These in turn provide hotel information directly to the hundreds of thousands of travel agents that align themselves with one of these systems. Individual hotels and small hotel chains…

    • 407 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    ONLINE RESERVATION SYSTEM

    • 1489 Words
    • 8 Pages

    Bulacan. Just a 30 minute drive from Manila. You and your family can enjoy the latest…

    • 1489 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Lending System

    • 1342 Words
    • 6 Pages

    This chapter presents the review of related literature and studies underlying the framework of the study. It includes the conceptual model of the study and the operational definition of terms.…

    • 1342 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    It is no wonder that booking hotel rooms can now be done in a more convenient way today. If a certain traveler is planning to visit a foreign place, it would be hard for him if he does not have a hotel or residence to reside in that country. Before, booking a certain hotel room required long processes such as talking to a hotelier either in person or through the phone. Just imagine the disposition of the hotelier if multiple clients came to ask questions about reservations at the same time. Through an online hotel reservation system, hoteliers and travelers will both be benefited. Hotels have minimal need of travel agents to look for clients because information about their business establishment is readily available online.…

    • 792 Words
    • 4 Pages
    Good Essays