As Developing Countries Make the Transition to Market-Based Economies, One

question 132

Essay

As developing countries make the transition to market-based economies, one of the first major capital investments is in 'Western-quality' hotels.Explain why the establishment of brand-name hotel accommodation is a critical step in attracting foreign investment.

---

Definitions:

Expectancy Theory

A motivational theory suggesting that an individual's motivation is influenced by their expectation of achieving a desired outcome and the value they place on that outcome.

Anticipated Satisfaction

The expectation of fulfillment or happiness one believes will come from acquiring or achieving something in the future.

Goal-Setting Process

A systematic approach to setting objectives that are specific, measurable, achievable, relevant, and time-bound (SMART).

Goal Quality

The extent to which goals set within an organization or by an individual are clear, attainable, and measurable.