Laws and regulations govern most aspects of the hospitality industry and can relate to safety and security, health standards, mandated certifications, and a variety of other facets. All can directly impact a company’s bottom line and its ultimate success. Regulatory agencies as well as local, state and federal laws, not to mention special interest groups and labor unions, are all examples of the scope of the external opportunities and threats relating to legal issues.
Each student is asked to find a current news article from a reputable, business-focused source (e.g., Wall Street Journal, Fortune, Kiplinger’s or Forbes) that illustrates a force in the external environment that impacts your industry. In this blog, post the link to the article and your analysis of what impact the specific force will have on your industry in the next year.