Discuss the below:
1) Analyze two environmental factors that contribute to creation of a new hospitality venture. Predict two (2) ways in which the factors in question may inhibit the creation of opportunity recognition. Provide a rationale for your response.
2) Pinpoint two (2) strategic activities that promote and foster innovation within the selected organization. Interpret the fundamental manner in which these two (2) innovative practices contribute to an organization gaining a competitive advantage within the hospitality industry.