A group of 22 MBA Semester II students specialising in Finance, from Amity University Lucknow campus, went on an industrial visit to Centrum Hotel, Lucknow, as part of the academic curriculum for the subject, ‘Management Control System. The primary objective of the visit was to gain practical insights into the implementation and management of financial control systems within the hospitality industry.
During the visit, students had the opportunity to engage with key members of the Centrum Hotel team, including Mr Abhinav Shukla (HR Manager), Mr Jai Kashyap (Finance Controller), and Ms Radhisha (Learning and Development Officer). The session provided valuable perspectives on various aspects of management control systems. Core topics discussed included budgeting techniques, departmental cost control, revenue management, internal control mechanisms, financial decision-making, and human resource considerations. The interaction offered students a comprehensive understanding of how financial and operational controls are strategically aligned with the organisational goals of a hospitality business, thereby enhancing their practical knowledge and complementing their classroom learning.