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Labelling of data – an appropriate set of procedures for information labelling should be developed and implemented in accordance with the organisation’s information classification scheme. Book your holidays with tvmsa.com So, what can they do to better protect their supplier ecosystem? That’s why we’re going to use today to explore the pros and cons of both apartments and traditional hotels. Of course, a number of other issues can impact whether you plump for a hotel room or a serviced apartment, such as location and availability. Here are the major advantages and disadvantage of staying at a serviced apartment versus a hotel: Advantages of Serviced Apartments Full Kitchen. To meet the UN’s ambitious 2030 Sustainable Development Goals, businesses ultimately must thrive – working towards establishing a circular economy remains crucial. End consumers are becoming increasingly conscious of packaging. Discovery – Select each data category and identify the associated contracts. Cyber Essentials defines a set of controls which, when implemented, provide organisations with basic protection from the most prevalent forms of threats, focusing on threats which require low levels of attacker skill, and which are widely available online. Preparation – Organisations should start with Tier 1 suppliers and initially identify the contracts with the highest business impact/risk. Only through putting the mantra of “reduce, recycle, rethink and reinvent” can we bring circular products to consumer. You have lots of space. To make the Circular Economy a focus for any business very often means changing the business model. You consent to our cookies if you continue to use our website. Apartments refer to set of rooms built in a high rise building, usually, there are 2 to 4 flats per floor in a building. For some people, of course, all that space isn’t necessary as long as they’ve got a bed, a chair and a desk: if that sounds like you, then you might prefer a hotel. They are almost always conveniently located near to major transport links such as motorways, train stations and airports. We must address all aspects of sustainability and, for example, have better recycling, a focus on infrastructure and emphasis on consumer education. If you’re planning to book for 15 days plus, then you’re likely to be able to get a very good rate. Food costs. Copyright © 2010-2020 GBAF Publications Ltd - All Rights Reserved. There are different hotels to suit all budgets and they come in a range of comfort and quality levels. Apart from furnishing, the reason for occupancy, duration and cost varies in both. She stressed that, if we don’t reinvent, we will fall back into old habits. Unfortunately, not all serviced apartments are cleaned every-day, most provide a weekly maid service, so it may be your responsibility to keep everything clean to your liking. You also may not have access to a clothes line. The full environmental cost of production and consumption includes the choice of materials themselves but also the level of carbon emissions generated, and energy consumed. A hotel, on the other hand, is an enterprise which provides accommodation to tourists or travelers for a short period of time. Necessary cookies are absolutely essential for the website to function properly. Therefore, whenever a new contract is created there are a number of actions required which embed data risk at each stage of the bid, tender, procurement, evaluation, implementation and termination phases of the contract. The Disadvantages of Apartment Living. On some occasions, you may be required to do the cleaning yourself. According to the Deloitte report, many organizations in the Middle East made quick arrangements to engage with employees in the wake of the pandemic through frequent communications, multiple webinars where senior leaders addressed employee concerns, virtual employee events, manager check-ins, periodic calls and other targeted interactions with the workforce. Their are some of benifits and really too risky about serviced apartments for your portfolio? Classification of data – in terms of legal requirements, value, criticality and sensitivity to unauthorised disclosure or modification. Apartment living is convenient for many families, but not always the most cost-effective home choice. Hotels, meanwhile, will nearly always have staff on-site to help. As industries across the world are facing unprecedented uncertainty and anticipating the economic implications of the current health crisis, business leaders have the unique opportunity to seize the chance to make lasting, positive changes and re-interpret the business challenges in a positive way – without forgetting or minimising the toll the pandemic has taken. If having the room cleaned for you is a priority, then you should probably look at a hotel. Hotels normally have a restaurant and bar, of course, but eating there every day will definitely start to add up. Newsletters with Secrets & Analysis. Here, Yolanda Malone, Vice President Global R&D Snacks PKG, PepsiCo, discussed how leaders have to drive the behaviours within the organisation and the tone for the culture. First we will restate the advantages and then address the disadvantages that some critics have about them. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Hotels, on the other hand, will usually ensure that rooms are cleaned daily, whilst you’re out. Serviced apartments also offer more space and can be used for business meetings as well as a place to sleep and eat. Size. Reuse and recycling initiatives are central to this and great strides have been made in raising awareness of this need. Mindset change needs to continue to happen. admin 2nd October 2016. Define a business taxonomy based on information categories of that data and include supply chain factors such as what information categories are shared. These cookies will be stored in your browser only with your consent. Organizations in the Middle East have had to take immediate actions in reaction to the COVID-19 pandemic, such as shifting to remote and virtual work, implementing new ways of working and redirecting the workforce on critical activities. Therefore, now is the right time to be more deliberate: to continue on the path towards a truly sustainable ‘new normal’, businesses need to consider the bottom line impact more than ever before and truly invest in changing their business models to become more sustainable. We also use third-party cookies that help us analyze and understand how you use this website. 1. So, when it comes to a serviced apartment we can monitor problems like that, and we can act on them very quickly. Of course, consumer behaviours play a part and the easier the solution, the more likely consumers will get behind it. Advantages & Disadvantages of an Apartment & a House By Penny Porter If you cannot afford to buy, you could rent a home instead of an apartment. However, serviced apartments can offer investors some unique benefits. Extra features such as DVD/Blu-ray players, iPod docks and the like will only be available in the more exclusive hotels, so those on a budget who want to keep themselves occupied should definitely look at serviced apartments. Please seek Professional advice from a qualified professional before making any financial decisions. Most of us are aware of the fact that certain hotels are not h It’s a good idea to ensure that you take the time to work out which one will suit your circumstances the best. There are various advantages and disadvantages o f staying on the top floor. But opting out of some of these cookies may affect your browsing experience. When looking to find the right accommodation, it’s a good idea to explore all of the options. 3. Typically, serviced apartments are generally larger than hotel rooms. Finally, they should implement the data classification scheme and embed data risk management into the procurement lifecycle processes from start to finish. But sharing information with suppliers is essential for the supply chain to function. At a recent Reuters Responsible Business Summit virtual panel, I was part of an interesting conversation. Flexible and remote working, team-building and engagement activities, well-ness programs, recognition awards and modern workspaces are among the many things that are now adding to the employee experience. Concern around the supply chain was also evidenced in a recent report we have just issued, whereby we interviewed 250 CISOs and CIOs from financial institutions about the cybersecurity challenges they face and nearly half (46%) said that cybersecurity weaknesses in the supply chain had the biggest potential to cause the most damage in the next 12 months. T oday, the real estate sector has come up with an array of housing styles and apartments are one of the major housing styles opted by more number of people. Serviced apartments have the added benefit of kitchen facilities and equipment too. Of course, if you’re staying for a shorter period of time and would prefer to have everything taken care of for you, then a hotel room might be more suitable. Business travellers and leisure tourists alike have begun to rent out serviced apartments rather than stay at a hotel. Share to Twitter Share to Facebook Share to Pinterest. By effectively embedding data risk management and categorisation into their procurement and vendor management processes, they are preventing their suppliers’ vulnerabilities becoming their own and are more effectively securing data in the supply chain. Yet, to ignore this is to take an incomplete view of sustainability: instead, materials are extracted from waste to re-enter production processes. Have any suppliers suffered security incidents? Of course, this depends on the service provider, but it’s worth remembering. Approval – in organisations with complex supply chains senior management, vendor management, procurement and information security will all need to support a robust risk-based information management approach. Digital Business Practice, Briefing: Guest experience is better with latest tech, Briefing: Wellness – A surging $3.4 trillion market, Hospitality TV Channel – Business development experts and career advice, Hospitality tv network for industry professionals.

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