...COVER PAGE EXECUTIVE SUMMARY TABLE OF FIGURES TABLE OF CONTENT 1. INTRODUCTION (250) 2.1 History of the resort 2.2 Vision-Mission-Value-Culture 2. SITUATIONAL ANALYSIS 3.3 Stakeholder matrix analysis 3.4 TOWS matrix 3. ISSUES (400) 4.5 Micro issues 4.6 Macro issues 4. SUSTAINABLE PRACTICES (600) 5. IMPACTS (600) 6.7 On the organization (8 JA, 1 Framework) 6.8 On the guest experience (8 JA, 1 Framework) 6. CHALLENGES(400) 7. RECOMMENDATIONS- STRATEGIC PLANNING- Grant Chart(200-250) 8. CONCLUSION (250) APPENDICES 1. INTRODUCTION 1.1 Overview of MGM Resorts International 1986 2000 2010 1986 2000 2010 MGM was incorporated as an company MGM was incorporated as an company MGM Grand and Mirages Resorts was merged into MGM Mirage MGM Grand and Mirages Resorts was merged into MGM Mirage MGM Mirage changed into MGM Resorts International MGM Mirage changed into MGM Resorts International Figure 1. Timeline of MGM Resorts International (Bolton 2014) MGM Resort International (MGM), which is based in Nevada, USA, is one of the global leading companies in hospitality and entertainment industry. (Bolton 2014). It owns and operates 13 properties across the world, some of which are MGM Grand, Bellagio, Mandalay Bay, Mirage and holds 50% investments in four other properties including CityCenter. Besides, MGM has 51% interest in MGM China Holdings Limited owning...
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...Bonuses in Bad Times Spain financial crisis began from 2008, and many companies were affected, included the Spain big retail chain——Superado. Bonuses are the reward for the good performance. Clearly, it is very important for all the employees to get their bonuses. The two key features of the company operation are the sufficient funds and the staff cohesion. However, paying the bonuses may pose a threat to the operation of the company. The dilemma is whether to pay the bonuses to the employees during the recession time. The case study “Bonuses in Bad Time” (2012) outlines the circumstance of a supermarket chain. This case serves as an inside look into a grocery retailer——Superado, an expansive market chain situated all over the nation of Spain. Luisa Fernandes is the CEO of Superao; she had to take over the role as CEO after the demise of her dad. She is at present confronted with the issue of paying her worker's rewards amid a poor monetary time. Superado's Vice President of Finance, Maria Alva, makes it very clear with Luisa when she advises her that the organization cannot stand to pay rewards this year due to Spain's subsidence. Rodrigo Mendoza is the Vice President of Human Resources for Superado. He believes that Luisa should pay the bonus, and he has faiths in the workers and trusts that the accomplishment of Superado amid the retreat is because of management commitments. Jorge Ramos is the store manager. Jorge's essential concerns are his employees and the clients of...
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...· TIME CONTEXT As a coastal resort destination, Mactan Island stands in sharp contrast to the coast to the coast destination in other Southeast Asian countries. Mactan’s costal tourism has essentially developed on a low rock coast two lagoons facing a deep sea fringed by viable coral reefs. The Mactan shoreline is characterized by short sandy beaches between pronounced coral rock outcrops serving as “headlines” along the southeast coast facing Olango Island. Since the 1970s, this coast has experienced significant change due to poorly planned resort development. Three types of modification to Mactan’s southeast coast can be identified. The early stage involved the least amount of change to the rock coast. The existing limited sandy beaches were used and sea walls were built where necessary. The middle stage of modification witnessed a variety of coastal structures built to retain the beaches, together with the use of imported sand for beach nourishment. Groins and breakwaters were deployed in various ways to create different resort layouts. The final stage of modification was the excavation of the rock coast and the creation of new and artificial beaches. Shangri-La’s Mactan Island Resort was the first to carry out the bold move of excavating the rock and building an entire artificial beach. The process of creating a new beach started with the initial removal of the rock along a 350m stretch by jackhammers to form a large bay. Two large outcrops were left behind to remain...
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...INDIVIDUAL ASSIGNMENT Topic: Analyze a culture-specific case study in which a coffee brand (of your choice) in the US, Europe, or Asia has been successfully built. Coffee is big business. The world’s love for coffee has formed some of the most popular globe’s food and drink businesses . Starbucks is one of the most famous chain of coffee shops in the world, mainly making bussiness in selling special coffee beans and other various kinds of coffee or tea beverage. Through out several decades of development, Starbucks is now a global Starbucks logo brand and presents in 64 countries and territories, as of March 2015. Among those regions, Asia is one of the biggest markets that Starbucks has built up its coffee brand sucessfully. (Source: http://Wikipedia.com/Starbucks) One of the big questions is what are the factors that makes Starbucks become an successful global coffee leader. Well, there are a lot of factors. However, in my point of view, the most important thing that makes them to be successful is they are able to adapt and localize if it’s required. According to Hofstede’s national culture theory, Starbucks perfectly suits the cultural characteristics of the host country’s customer. The following paragraphs shall analyze how Starbucks succeeds in Asia, especially aiming to specific countries in that region. Firstly, China is one of two biggest countries having a massive polulation about 1.4 billion in Asia that has Hofstede’s cultural dimension...
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...the major responsibilities of the job.) 7. Tell me about your strengths. 8. Tell me about a time when… (Fill in with situations relevant to the position. For instance: Tell me about when you had to take initiative … you had to deal with a difficult customer … you had to respond to a crisis … you had to give difficult feedback to an employee … You get the idea.) 9. What salary range are you looking for? (See these suggestions for answering questions about salary.) 10. What questions do you have for me? (You can find ideas for your own questions here.) 4 6 7 some advice you could use to improve sales could be put prices down 8 the statergies he can use are pay them more or more store discount bussiness managment 6.5 by law all employees need to provide a safe work environment in 2012 work place health an safety act 2010 came into affect with the...
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...Business Cultural and strategy Section 4 Change [Year] Colin Simpson [Type the company name] [Pick the date] Business Cultural and strategy Section 4 Change [Year] Colin Simpson [Type the company name] [Pick the date] Bussiness Cultural and stratergy Section 4 Change Question1 Change is a integral part of any organisations development, change allows an organisation to become more competitive, efficient and productive. The position of alphabet games management will depend on the change strategy they choose. Lewins Freeze phase is a appropriated model to choose. The theory is based on the existences of a equilibrium in a organisation which is the result of opposing forces, driving forces(forces for change) and restraining forces(forces against change). Lewin states that change should be concerned with the individual.(SQA students notes) To put Lewins theory into action it should follow three stages: Unfreezing; This is the shakeup phase, where reducing the forces maintaining the organisation in its present situation will occur. The result is an acceptance that the existing structures and ways are not working. To get people ready for change it is necessary to develop an awareness of the necessity for change. Change; this is the process of devising and implementing the change. In this stage the problems will be identified, staff will be encouraged to adopted new behaviour and attitudes, hopefully leaving behind old ones. Refreezing;...
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...1. Porter’s Five Forces Model in USA Supermarket Industry • The Threat of New Entrance (Low) In the USA supermarket industry, the threat of a new entrance is relatively low. This consideration is achieved by the advantages that already had by the incumbents. For example, Walmart that was considered as a leader in sales for supermarket in USA,[1] Walmart even already grasped the US market share in 1990 with 41%[2], Walmart had a market presence, buying power and breadth of inventory. Moreover, Walmart also spent large amount of capital investment for its IT division and distribution logistics. Walmarts had IT capability to check individual product sales. In consequences, Walmart is the only retailer that can provide real-time sales data for many suppliers. The market power that Walmarts have, make them very easy to bargain with the supplier, this situation makes it harder for the new entrance to compete with Walmarts. On the other hand, ALDI is considered as a discount grocery chain also has its advantage. ALDI’s unique operating model makes it almost impossible for competitors to match price and quality. Max Levitte, CEO cheapism.com, wrote that one day he visited a store in Ohio and compared ALDI to Kroger and Walmarts, so with the same items in various departments, ALDI was the cheaper for total item in shopping cart, with the gap is more than $13 with Walmarts and more than $21 with Kroger.[3] The bankruptcy case of Kmart in 2002 also strengthen...
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...Journal of Information, Control and Management Systems, Vol. 5, (2007), No. 2 331 RISK AND DECISION MAKING PROCESS Katarína RIPLOVÁ University of Žilina, Faculty of Management Science and Informatics, Slovak Republic e-mail: Katarina.Riplova@fri.uniza.sk Abstract The paper deals with problem risk and decsion making process, risk management, risk in decision making process and risk control. Current business environment is defined by quite big amount instability and possibilities of unforeseenable changes. Base upon environment characteristics above, the structure of decision making is decision making under condition of safety, risk and uncertainty. Risk management represents the process of risk identification, estimation of its potential impact and finding the most effective methods of control or reacting to those risks. Keywords: risk, decision making process, manager, decision risk management 1 INTRODUCTION The risk of a right decision is an inseparable part of manager decisions, primarily of strategic management planning of vital projects and business plans. There are always two aspects on a business, positive and negative. The positive risk feature relates to the hope for success, negative one manifests itself in worse results than expacted, or even in a loss. The increase of business success probability in demanding market environment requires active and systematic work with risk. This is the principal role of risk management. The decision making...
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...government and major national initiative that was designed as a catalyst for the growth of ICT and to satisfy the country’s ambitions in producing fully develop status by the year 2020. In 1996, MSC was set to aimed to build competitive cluster of local ICT and attract word class companies with the passion of becoming a global ICT hub and multimedia variation, procedure and maintenance. The initiative spearheads a number of ICT projects that are intended to transform Malaysian society into a k-economy through the use of ICT including education, healthcare, commerce, governance and industries. The development of MSC has created a lot of incentives and policies that were designed to become the leader in ICT industry and application at regional level and globally. The product and services of the companies that are highly integrated with multimedia technologies have been granted MSC Malaysian-status, which benefited from the bills of guarantees provided by the Malaysian government. The development of MSC Malaysia is planned under three phases. The first phases is 1996 until 2003 including laying out world class ICT infrastructure to attract international and local companies. Under the phase, Cyberjaya and Putrajaya were established as the world’s smart and intelligent cities and will create a world-leading framework of cyber-laws. The second phase of development took the year 2004 until 2010 aims to link up all five cyber-cities with other part of cities in Malaysia and finally to link...
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...Chunlin Du Breastfeeding, Health Lifestyle and Government Support ——Best Way to solve Childhood Obesity Problem Childhood obesity is one of the most serious public health challenges of the 21st century (Global Strategy on Diet). According to the research report from World Health Organization (WHO), the childhood obesity prevalence has increased at an alarming rate. Globally, in 2010 the number of overweight children under the age of five is estimated to be over 42 million. Close to 35 million of these are living in developing countries (Global Strategy on Diet). Extreme obesity among American children is much worse than previously believed. According to Centers for Disease Control and Prevention (CDC), in the United States, childhood obesity affects approximately 12.5 million children and teens (17% of that population). Changes in obesity prevalence from the 1960s show a rapid increase in the 1980s and 1990s, when obesity prevalence among children and teens tripled, from nearly 5% to approximately 15% (Figure 1) (Popovic 42). Source: T. Popovic, "CDC Grand Rounds: Childhood Obesity in the United States." MMWR: Morbidity & Mortality Weekly Report 60.2 (2011): 42-46.Web. 28 Mar. 2012. Compare with the numbers of obese children, the more worrying things are health issues of childhood obesity. Obesity poses a significant public health threat to children for reasons that affect both their current and future health. Immediate health effects included: obese youth are more likely...
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...1. Introduction Management control includes all the devices managers to ensure that people in the organization carry out organizational objectives and strategies, focusing on encouraging, enabling, or sometimes, forcing employees to act in the organization’s best interest. Such a MCS will influence the behaviour of organizational resources to implement organizational strategies. The present MCS is applied to a private hospital, which employs 40 staff and 20 medical doctors, offering medical services and special personal care to all patients. Such hospital accepts all the patients, no matter who has Medicare care insurance or not. When designing and applying this system to a private hospital, which we should figure out both key action and key results, starting from people control, combing with other types of control with varies degree of tightness, according different issues to address three common control problems to implement the whole system. 1.1 Objectives and strategies The hospital aims to provide special personal care to large extent and promote and protect the interest of our hospital. Base on setting objectives, a series of strategies are formulated to achieve management control. Those strategies include promoting and recognizing the highest professional, ethical standard and healthy service delivery; stimulating greater awareness of private hospital excellence through improved communication between doctors and other staffs. 1.2 Key actions Maintaining low operating...
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...Research Toyota - The Global Automobile Manufacturing Industry (Cars) | | Contents History of Toyota 3 Introduction: 4 Toyota’s internationalisation strategy, internal /external triggers and an analysis and evaluation of those strategies and methods 5 The extent to which Toyota’s national environment contributed to its success as a multinational organisation using Michael Porter’s National Diamond Framework (1990) 7 Toyota and life cycle models: 8 Verification and Validation: Strategy 10 Conclusion 13 History of Toyota Toyota one of the largest car manufacturer’s in the world was bombarded with a series of issues in the last decade with multiple lawsuits causing the company millions of dollars in losses. An organization which was founded by Kiichiro Toyoda in 1933 started off producing passenger cars and then in 1937 focused solely on truck production for the Imperial Japanese army. In the early 1950’s Toyota was on the verge of bankruptcy when it pulled through by obtaining an order of more than 5,000 vehicles from the U.S. military for its war efforts in Korea. This then was the beginning and the opening for Toyota into the U.S. Market. In 1957 Toyota established its first sales, marketing and distribution subsidiary in the U.S., called Toyota Motors Sales Inc (TMS). In 1982 Toyota Motor Corporation formed a joined venture with General Motors, called NUMMI (New United Motor Manufacturing, Inc.) and began its operations in Fremont, California. Toyota’s...
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...INDEX 1.CHAPTER ± I * Introduction *Scope of project *Objective of project 2. CHAPTER ± II * Company profile *Industry profile *Beverage preparation section *Sidel section *Marketing strategy *Marketing Mix 3.CHAPTER ± III *Research Methodology 4.CHAPTER ± IV *Marketing survey & Data Analysis 5. CHAPTER ± IV *SWOT Analysis *Recommendations *Suggestion 6.CONCLUSION 7.LIMITATION 8.BIBLIOGRAPHY 9.QUESTIONNAIRE [pic] [pic] [pic] CHAPTER-I INTRODUCTION A soft drink is a beverage, often carbonated, that does not contain alcohol. (Carbonated soft drinks are more commonly known as soda,pop, tonic,or soda pop in parts of the United States and Canada, or fizzy drinks in the U.K.; sometimes called minerals in Ireland) The name "soft drink" specifies a lack of alcohol by the way of contrast to the term "hard drink". The term "drink", while nominally neutral, often carries connotations of alcoholic content. Beverages like colas, sparkling water, iced tea, lemonade, squash, and fruit punch are among the most common types of soft drinks, while hot chocolate,hot tea, coffe, milk,tap water, alcohol, and milkshakes do not fall into this classification. Many carbonated soft drinks are optionally available in versions sweetened with sugars or with non- caloric sweeteners ...
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...published to bring forth comments on research in progress before it appears in final form in an academic journal or elsewhere. Copyright 2007 by Tomislav Ćorić All rights reserved. Sections of text may be quoted provided that full credit is given to the source. Page 2 of 10 FEB – WORKING PAPER SERIES 07-10 Abstract Since the introduction of the Stabilization program in 1993, the Croatian National Bank has been following the monetary strategy of exchange rate anchor. During the first several years (from 1993 to 1997) this monetary strategy achieved acceptable results, accompanied with a low inflation rate and high GDP growth rates. However, the macroeconomic situation has changed in the last decade. The indicators of Croatian economy, such as trade balance, the level of external debt and GDP growth rates, are not satisfying. The criticizers of exchange rate anchor monetary strategy argue that appreciated kuna lowers the competitiveness of the domestic economy. Due to that, the current monetary strategy is in the focus of various economists' discussions. One of the alternatives to the exchange rate anchor is inflation targeting....
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...COMPANY CASE Netflix: Disintermediator or Disintermediated? PRESENTED BY: DANIEL RICARDO ORDOÑEZ 201312625 MARIA LUCIA PACHON 201311104 YALILE KATHERIN ROA 201313192 THE SABANA´S UNIVERSITY BUSSINESS ADMINISTRATION MARKETING GROUP 1.2 2015 1. BACKGRAUND Netflix is a company that was created from the need generated by getting movies to watch from the comfort of the house, although at that time the companies who led this market were Blockbuster and Redbox , but to get them you had to approach a local Blockbuster or go a supermarket or store nearby where a dispenser Redbox addition these had a specific time to be returned, if not met you could have a fine is found, Netflix identify these weaknesses in them and became its advantages as well when you wanted to watch a film could access the internet make your Netflix account and solicitabas the list of movies you wished to see them received and send you the movies , these could be the time you wished and return , so Netflix quickly gained the lead. But with technological advancement and different devices that were created Netflix realized that people prefer to search online movies so they should not leave home or wait for them to arrive , so the company decided to create direct platform on which there are not only movies but also get series , plus Netflix decided also be associated with the different technological advances for these Netflix had already built into the device as we see when we buy a PlayStation...
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