Implementing Corporate Travel

Corporate travel management (CTM) is the function of managing a company's strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management, and travel and expenses ('T&E') data management. CTM should not be confused with the work of a traditional travel agency. While agencies provide day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in the policy. The agency on the other hand makes the actual reservation within the parameters given by the corporation. This book is the first step to close a gap that has been left open for too long. Not on purpose, but few people outside the industry realize its economic importance - and size. And while it may not give you all the answers, it does provide you with an overview of the complexities of corporate travel and its management.

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Corporate travel management (CTM) is the function of managing a company's strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management, and travel and expenses ('T&E') data management. CTM should not be confused with the work of a traditional travel agency. While agencies provide day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in the policy. The agency on the other hand makes the actual reservation within the parameters given by the corporation. This book is the first step to close a gap that has been left open for too long. Not on purpose, but few people outside the industry realize its economic importance - and size. And while it may not give you all the answers, it does provide you with an overview of the complexities of corporate travel and its management.

In this book, companies can realize substantial savings with the help of one of the industry's experts. The book shows how to develop a travel policy and get a handle on spending.

Inhaltsangabe:Introduction: During a rail or airplane trip on an early midweek s morning men in suits working on their laptops or reading the latest newspaper are a common scene. This might lead to the assumption that business travellers are important customers to the tourism and travel industry and companies spend large sums on the trips of their employees. Indeed this impression can be proven right. Such 30-40% of all travel in Germany is business driven. In average companies spent 3,9% up to 5% of their yearly indirect cost on business travel. In a globalized market business travel is important and necessary for companies. It is an investment which influences the performance of a company positively if applied correctly. However as for every investment costs are attached which need to be validated upon their necessity and their cost-benefit ratio. Furthermore for business travel aspects like security, work time, employee wellbeing and other factors must be considered to increase the positive outcome for the company. There is a clear requirement for business travel and its management which will be explained in more detail during this thesis. However still many companies are not aware of the cost factor of business travel. Even if certain awareness has been established often still no clear strategy is in place to improve the value for money and avoid yearly cost increases. To create such a strategy it is necessary to have a good understanding of the travel industry, their relevant players and the companies travel structure. Motivation: Business travel management i.e. the professional organisation of business travel has just developed during the last 50 years. Globalisation and development of transportation caused a quick increase during the last years of the business travel industry. In 2008 German companies spend 46.6 billion Euros on business travel. The strategic management of business travel requirements however is still not common in every company. Though scientific, universal literature about business travel management is limited. Only a small number of authors give directions upon how to implement a complete travel management system in a company. In many cases the available theoretical literature has no practical tips for users. On the other hand there are many white papers, studies and articles available which are up to date, give practical tips, however only refer to one aspect of the travel process. This implies that inexperienced [...]

For business travelers feeling the pressure from their job and finding it difficult to juggle efficiency and productivity while away, The Essential Guide to Business and Corporate Travel is an absolute must-have. This guide provides you with all the resources you need for successful corporate trips! Whether you are a frequent or occasional business traveler, this guide has everything you need to make the most of your trips. Experienced travelers have compiled invaluable advice on packing efficiently and navigating airports with ease, as well as how to select suitable hotels and manage expenses while away from home. With practical tips designed to minimize stress and maximize productivity during travel days, this book will help streamline your business travels for ultimate success! The Essential Guide to Business and Corporate Travel is the definitive source for tips on how to maximize your efficiency while traveling, such as how best to plan an itinerary, stay connected with important contacts, and sustain vitality during trips. Through this guidebook, you can gain invaluable advice that will have you running a successful business trip in no time! For experienced business travelers and newcomers alike, this book provides everything you need to maximize efficiency and reduce stress during corporate trips. Its practical advice is easy-to-follow, making it the essential guide for anyone looking to excel in the art of business travel. With its comprehensive instruction, this book will be sure to help any reader become a master of navigating corporate journeys with ease!

Corporate travel management (CTM) is the function of managing a company's strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management, and travel and expenses ('T&E') data management. CTM should not be confused with the work of a traditional travel agency. While agencies provide day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in the policy. The agency on the other hand makes the actual reservation within the parameters given by the corporation. This book is the first step to close a gap that has been left open for too long. Not on purpose, but few people outside the industry realize its economic importance - and size. And while it may not give you all the answers, it does provide you with an overview of the complexities of corporate travel and its management.

Has the direction changed at all during the course of Corporate travel management? If so, when did it change and why? How are the Corporate travel management's objectives aligned to the organization's overall business strategy? How can we improve Corporate travel management? Has the Corporate travel management work been fairly and/or equitably divided and delegated among team members who are qualified and capable to perform the work? Has everyone contributed? How is the value delivered by Corporate travel management being measured? This astounding Corporate travel management self-assessment will make you the principal Corporate travel management domain master by revealing just what you need to know to be fluent and ready for any Corporate travel management challenge. How do I reduce the effort in the Corporate travel management work to be done to get problems solved? How can I ensure that plans of action include every Corporate travel management task and that every Corporate travel management outcome is in place? How will I save time investigating strategic and tactical options and ensuring Corporate travel management costs are low? How can I deliver tailored Corporate travel management advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Corporate travel management essentials are covered, from every angle: the Corporate travel management self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Corporate travel management outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Corporate travel management practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Corporate travel management are maximized with professional results. Your purchase includes access details to the Corporate travel management self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book.

The corporate travel industry is a vitally important industry worldwide that continues to grow and contribute to the global economy. Due to the increase in corporate travel and the economic impact thereof, numerous large companies are appointing a dedicated travel manager to implement policies, regulations and homogenous routines, with the main objective of managing the company's travel expenses and their travellers' travel behaviour. One of the main challenges for travel managers is ensuring compliance with such policies. Various factors could lead to corporate travellers violating the travel policy. However, corporate travellers are not a uniform concept, and the workforce today consists of three generations: The Baby Boomers, Generation X and Generation Y, with vastly different characteristics in terms of work values and travel needs. Managers are tasked with understanding these different characteristics and as a result, are adjusting their organisational structures and policies to accommodate and manage the different generations more successfully. The question that remains unanswered is if differences also exist between generations in terms of factors that lead to non-compliance, and more importantly, whether the travel policy should be adjusted to accommodate these differences. The main purpose of this study was thus to conduct a generational analysis of corporate travel policy compliance to ascertain whether policy compliance differs between generations and whether the factors leading to corporate travel policy non-compliance differ among generations in the workplace. Convenience sampling was used to distribute an online questionnaire to corporate travellers. A total of 205 questionnaires were used in the data analysis which included techniques such as factor analysis, analysis of variance (ANOVA), chi-square tests and finally logistic regression. The results of the study revealed that generations differ in terms of their level of compliance and that the content of the travel policy, business ethics, inequality of the travel policy, consequences of non-compliance, traveller satisfaction, life satisfaction, travel procedures and personal values are all factors that could potentially influence policy compliance. Therefore, knowing that there are in fact differences that exist between generations in terms of factors that lead to non-compliance, companies could consider adjusting their corporate travel policies accordingly.