MAR Income Statement Research Paper Example | Topics and Well Written Essays - 750 words - 1

MAR Income Statement - Research Paper Example However, there has been a lot of stiff competition within the international organizations that deal with hospitality operations but the Marriott International Incorporation has maintained standards of being among the few that maintain a competitive advantage (Hartman & Werhane, 2009). The core principle that facilitates the great returns or rather success to the Marriott International Incorporation is the element of effective top management. This majorly consists of the board of directors that are having sufficient knowledge in the line of hospitality management and supervision. Due to this focus and teamwork, the organization still looks forward to a great establishment thus economic growth and development. The board of directors, including the general manager or chief executive officer, has very defined roles and responsibilities within a business organization. Fundamentally, it is the role of the board of directors to hire the general manager of the business and evaluate the overall direction and strategy of the business (Finance.yahoo.com). The general manager is responsible for hiring all of the other employees and overseeing the day-to-day operation of the business. On the contrary, management is not responsible for the overall policy decisions of the business. Some of the major responsibilities of the board of directors include: The process of evaluating, recruiting, supervising, retaining, and compensating the general manager is probably the most important functions of the board of directors. Value-added business boards need to aggressively search for the best possible candidate for this position (Hartman & Werhane, 2014). Actively searching within your industry can lead to the identification of very capable people Directing the Marriot International Incorporation effectively as the board has a strategic function in providing the vision, mission, and goals of the organization. These are often determined in combination with the chief executive officer of the business.