by Victoria Ehrman | Dec 12, 2022 | Various Subjects
In a perfect world, increasing size and scale should lead to operating efficiencies, improved profit margins, a strong growth trajectory (both per unit and in the number of units), career opportunities for employees, and competitive prices and options for customers....
by Victoria Ehrman | Dec 12, 2022 | Various Subjects
In a perfect world, the year-end financial process should be no more difficult than any other month-end closing. But we do not live in a perfect world and although all these boxes should be ticked at the end of each month, there are times when it is just not...
by Victoria Ehrman | Oct 18, 2022 | Various Subjects
As the hospitality industry returns to the new normal, internal audit departments along with their corporate finance and hotel operations teams have to examine their approach to achieving coverage and compliance with internal controls across their entire control...
by Victoria Ehrman | Oct 18, 2022 | Various Subjects
As an industry, we have discussed moving towards a total revenue optimization model ad nauseum for years but achieved only limited success in meeting room space management. It’s time hospitality fully embraced the discipline. Challenges such as ongoing staffing...
by Victoria Ehrman | Oct 17, 2022 | Various Subjects
Formulate, Maintain and Adapt a Clear Company Vision I am often complimented on the success of our business, the creativity of the premise and the length of time we have been in business. I also often hear the likes of “I wish I would have thought of that,” which...
by Victoria Ehrman | Oct 17, 2022 | Various Subjects
Key Preparations Include Recognizing ‘Red Buttons Conflict has such a negative connotation that I prefer to call it the “creative process.” Constructive debate and discussion are at the root of all truly impactful change. The hard part is keeping those...
