Featured Resource
Author
Kaitlyn
Subject
Contract Management
Create an interactive learning resource that develops students' ability to analyze and evaluate contract negotiation strategies and budget management principles in hospitality and retail operations. Students should be able to demonstrate critical thinking skills by examining real-world scenarios where they must balance contractual obligations with financial constraints, identifying potential risks and opportunities in vendor relationships. The resource should enable learners to synthesize negoti...
This learning resource focuses on the critical skills necessary for effective contract negotiation and budget management in hospitality and retail operations. It aims to develop students' ability to analyze real-world scenarios, understand the implications of contractual decisions on budgets, and make informed strategic recommendations. The resource includes an overview of essential vocabulary, a decision-making framework for negotiation, and several contrasting case studies highlighting effective versus ineffective practices. Students are encouraged to engage in guided practice exercises and real-world scenario analyses to deepen their understanding of contract terms, risk assessment, and overall cost management while ensuring quality and operational efficiency.