...SKI RESORTS IN THE USA CASE STUDY Table of Contents: 1. Abstract…………………………………………………………………..3 2. Question 1: What are the most important changes in the environment that have contributed to the drop in revenues?..................................................4 3. Question 2: Why is management a more important success factor for ski resorts now, compared to 20-30 years ago?................................................5 4. Question 3: How is competitive environment of the resorts on the east coast different from that in Colorado? What should the east coast resorts pay particular attention to?..........................................................................7 5. Question 4: Possible changes in the environment in the near future…….8 6. Conclusion………………………………………………………………..9 7. List of References…………………………….…………………………10 Abstract The following paper discuss factors that have lead to changing business environment and its’ impact on ski tourism industry, concentrating especially of the ski resort performance and changes that must take place in order for this business to survive and continue its’ operation on its’ highest level. First and foremost, the economic, political and environmental factors that have been changing in the previous years have lead to the decrease in revenues of the ski resorts that have been taking place since the 1970s. Further on, the management of ski resorts and ski centers must adapt to the above...
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...SKI RESORTS IN THE USA CASE STUDY [pic] TABLE OF CONTENTS: 1. Abstract……………………………………………………………………...3 3. Question 1…………………….……………………………………………4-6 4. Question 2……………….…………………………………………………6-8 5. Question 3…………………….……………………………………………8-9 6. Question 4….…………………………………….…………………..……9-10 7. Conclution…..………….………………………………………………….…10 8. References……..………………………………………………………….11-12 Abstract This case study focuses on the problem of how management is becoming more and more important in many different fields of life. In this case, how good management can contribute to ski resorts. It observes and answers to the four important questions: In the first part it is explained what are the mainly changes in the business environment that have occurred 30 years ago, and how they effected ski resorts. The next part shows why management becomes more and more important for the survival and success of the ski resorts comparing it to 30 years ago. How competition from Europe has influenced ski resorts in the USA, and the discussion about the competition between the Colorado resorts and the other resorts from the east is made. In the last part the focus is on the predictions in the future, how will environment and future of the ski resorts change. Question 1: What are the most important changes in the environment that have contributed to the drop in revenues? From the period of 1970’s...
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...vision 2030 outline the economic diversification plans of Abu Dhabi Government to be away from overdependence on hydrocarbon industries. The company is being given 2.6 billion US dollars to be transformed into Al Ain wild life park and Resort. Continuous political stability in UAE attracting businesses to invest in UAE. This project is a chance for everyone to invest. Partnership agreements with international and regional organizations are another advantage for AWPR. The agreements further reinforce Al Ain Wildlife Park & Resort's commitment to partnering with conservation organizations both regionally and internationally. The agreement includes an animal and plant exchange program. As part of a major expansion, Al Ain Wildlife Park & Resort is developing a world desert habitat featuring the animals and plants. AWPR has a lot of partnerships and agreements such as: * Exclusive agreement with San Diego Zoo was a huge benefit to the Al Ain wildlife park & resort which is the one of the world's largest and most progressive zoos home to over 4000 animals of 800 different species stretching over 100 acres of land will be an integral partner involved in all aspects of the project from initial planning and design to the park and resort operations with special attention to the sustainable conservation of wildlife and education. * Joint venture with Valley...
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...Responsibility Centers & Financial Controls Abstract Deer Valley Lodge in Park City Utah has requested an evaluation on the profitability of a new series of ski lifts for its world-class ski facility. Present-value, pre-tax and post-tax calculations all indicate that the addition of new ski lifts will do well to improve lodge revenues both in the sale of lift tickets as well as overall sales of resort stays, shopping and restaurants. Deer Valley Resort is an over 2,000 acre upscale ski resort near Park City, Utah. It is most well-known for being an Olympic Venue during the 2002 Olympic Winter Games in Salt Lake City (Official Report, 2002). The resort currently has 21 chair lifts and 7,500 skier daily lift ticket limit (Resort History, n.d.). The resort’s management has considered adding an additional five ski lifts to the mountain to increase capacity during the busiest days of the season. The resort has reported that the cost of the lifts themselves is $2 million, and preparation of the slope and installation of the lift is an additional $1.3 million, for a total upfront cost of $3.3 million. Cost Per Lift | $2,000,000 | Installation Cost | $1,300,000 | Extra Ski Lift Ticket Capacity | 300 | Peak Season Days Needed (Per Year) | 40 | The lodge has also estimated that the cost of operation for the new lift will be $500 per day for the entire 200 day ski season, for maintenance, electricity and staff costs. Lift tickets currently cost $55 per day and...
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...Realities of climate change Name Institution Climate is a measure of the average pattern of variation in temperature, atmospheric pressure, sunshine, wind precipitation, atmospheric particle and other meteorological variables in a given region over a particular long period of time. Climate differs from weather in that weather describes the atmospheric conditions of a certain region at a particular time while climate is the average atmospheric conditions of that region for a long period usually 30 or more years. Hence climate may also be defined as the average weather of a region of a given region over a longer period of time. Climate of a place has components which include; atmosphere, hydrosphere, cryosphere, lithosphere and biosphere. Climate change is the statistical distribution of weather patterns when that change lasts for an extended period of time. Climate change may also be termed as the carbon change because this change is caused by the accumulation of carbon dioxide and other particles that prevent part of the sun’s warming rays from reaching the earth’s atmosphere. The burning of carbon fuels notably wood, oil and coal generates greenhouse gases which creates a layer that trap the heat from the sun close to the earth’s atmosphere. These greenhouse gases cause depletion of the ozone layer that protects the human skin from harmful ultra violet sun rays that may cause cancer. Hospitality and Tourism industry have a two way relationship with the climate. The two way...
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...Weather Vol. 58 Margules, M. (1893) Luftbewegungen in einer rotierenden Spharoidschale. Sitzungsberichte der È Kaiserliche Akad. Wiss. Wien, Teil IIA, 102, pp. 11±56 È –– (1904) Uber die Beziehung zwischen Barometerschwankungen und Kontinuitatsgleichung. In: È Ludwig Boltzmann Festschrift, J. A. Barth, Leipzig Pichler, H. (2001) Von Margules zu Lorenz. In: Hammerl, C., Lenhardt, W., Steinacker, R. and È Steinhauser, P. (Eds.) Die Zentralanstalt fur Meteorologie und Geodynamik 1851±2001. 150 Jahre È Meteorologie und Geophysik in Osterreich, Leykam Buchverlags GmbH, Graz, pp. 387±397 Platzman, G. W. (1967) A retrospective view of An introduction to weather and climate derivatives John E. Thornes University of Birmingham The weather derivatives market has grown from being virtually non-existent in 1997 (Price Waterhouse Coopers 2001) to an estimated $10 billion global market by 2002. The market in Europe is just beginning to take off, as indicated by the establishment of the Met Office and London-based Umbrella Brokers’ joint venture WeatherXchange (www.weather xchange.com) in June 2001 and the Londonbased Liffe (www.liffeweather.com) weather futures market and European weather index in July 2001. These two Internet sites give a good introduction to the basic concepts of weather derivatives. Since the early 1980s, derivatives have been used by companies to manage their exposure to risk, be it due to currency exchanges or a host of other financial...
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...Level 7 Professional Diploma in Strategic Management and Leadership UNIT NO/TITLE: Unit 04 / Developing Corporate Culture ASSIGNMENT NO: Individual Report Credit Value: 05 Learning Outcomes: 1.0 Understand how the characteristics of corporate culture affect the achievement of organizational objectives 2.0 Be able to propose organizational values that will influence corporate climate 3.0 Be able to develop strategies to communicate with stakeholders of an organisation who belong to different cultural groups Issue Date: December 6th 2013 Due Date: January 5th 2014 Submission Date: Assessor’s Name: PROGRAMME: Edexcel BTEC Level 7 Professional Diploma in Strategic Management and Leadership UNIT NO/TITLE: Unit 04 / Developing Corporate Culture ASSIGNMENT NO: Individual Report Credit Value: 05 Learning Outcomes: 4.0 Understand how the characteristics of corporate culture affect the achievement of organizational objectives 5.0 Be able to propose organizational values that will influence corporate climate 6.0 Be able to develop strategies to communicate with stakeholders of an organisation who belong to different cultural groups Issue Date: December 6th 2013 Due Date: January 5th 2014 Submission Date: Assessor’s Name: Assessor Comments: Assessor: Signature: Date: ____/____/______ Assessor Comments: Assessor: Signature: Date:...
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...Mountain Resort Green Mountain Resort Organizational crisis is a common occurrence in today’s society. Change is always needed, and it is never a straight forward process. If it was, businesses would always be able to meet their goals. If each and every corporation does not keep up with the changes they will not survive. Change, whether big or small can be extremely challenging and requires a well thought out plan, clever ideas, patience and good leadership. No single method of change management fits every company, but there is a set of practices, tools, and techniques that can be adapted to a variety of situations to (Jones, J, Aguirre, D, Calderone, M, 2004) Change management initiatives are mainly focused at improving organizations effectiveness. This in turn, helps in ensuring the well being of the organization’s employees, customers and stakeholders. A company has to remain competitive in the tough business climate after all. Organizations quite often believe that change can only be managed through six images of managing changing (Drazen, 2011). Each and every image for managing changes has its own particular kind of pattern and formula of implementing the change which is different from one to another. Change image concepts impact an organization according to the person who implements these images. Naturally image concepts show a manager how change should be managed. Furthermore it gives the manager an overview of their role as a manager of change. Image...
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...is a fallacy. Unionized workers are justified to engage in strike activities in order to defend their wages and benefits because it is legal for aggrieved unionized workers to take strike action, strike action affirms workers’ support for the bargaining position, the increasingly hostile political and economic climate and also because it asserts some form of seriousness on the part of unionized workers in their bid to defend their struggles for better wages and employment benefits. Unionized workers are justified to engage in strike activities in order to defend their wages and benefits because it is legal for workers to go on strike. The National Labor Relations Act (NLRA) grants employees the right to strike and if a collective bargaining agreement does not contain a “no-strike” clause. Unionized workers usually resort to strikes only in severe situations when their grievances are not properly sorted out with the employer. With the exception of doctors, nurses, firefighters, and the police; professional codes of ethics do not only permit, but also obligate unionized workers to withdraw their services under certain conditions. According to Black and Silver, “unions resort to strike actions only after a careful evaluation of the likelihood that going on strike...
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...First of all with Climate Change it changes the temperature of even one of the coldest part’s of the world, which causes Arctic Sea Ice to melt. Since 1979 the Arctic sea ice has declined .Each decade the Arctic sea ice is declining by 13.3 percent per decade (NASA, 2017). Study shows that in the next 100 years or sooner the world’s glaciers will have disappeared as will the polar ice cap, and the huge Antarctic ice shelf. Scientist believe that snow will become a rare phenomenon at what are now the world’s most popular ski resorts. (National Climate Assessment, 2012). This shows how much Climate Change can affect even the coldest parts of the world to where it would cost the ice to melt. With the Climate Change melting the glaciers,...
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...Issue 1 8 Jun 2011 The Aral (Turkish for island) Sea is located in Central Asia between Kazakhstan and Uzbekistan. Positioned between the Black Desert and Red Desert, the Aral Sea was once the fourth largest inland sea in the world fed by the Amu Darya and Syr Darya rivers. This flourishing body of water spanned over 25,000 square miles providing fish and wildlife a sustaining ecosystem. Surrounding villages thrived comfortably from the economy of fishery and beach holi- Fishing on the Aral. Fishing was big business and brought in over 50,000 tons of fish per year. (Courtesy day resorts, but between 1960 and 1970 the 53 meter O. Dosanov/Orient Express Central Asia) Inside this issue: (174 feet) sea level would slowly decrease over the next fifty Aral Sea Level 2 years leaving only a baron, flat sea bottom exposed. Devastation would Ecological Deterioration 3 succumb the ecology, climate, econoClimatic Changes 4 my, and health of this once prosperous Asian community due to environEconomic Decline 5 mental degradation and human acVillage Health 6 tivities. Restoration efforts eventually began to raise the sea level, but Restoration Efforts 7 the catastrophic human affects were Authors Comments 8 irreversible and continue. Page 2 The Aral Sea Satellite and Map Views of the Aral Sea Satellite view and map of Aral Sea. From 1976 to 1997, the sea level decreased by 50% following by another 25% from 1997 to 2007 (above). (Courtesy of World Bank). Map of Kazakhstan which includes...
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...there are thousands of fish swimming around the vivid corals just a few feet away from where you sit. The Maldives lies in two rows of atolls in the Indian Ocean, just across the equator. The country is made up of 1,190 coral islands formed around 26 natural ring-like atolls, spread over 90,000 square kilometers. These atolls structures are formed upon a sharp ridge rising from the ocean, making way for their secluded uniqueness. Each atoll in the Maldives is made of a coral reef encircling a lagoon, with deep channels dividing the reef ring. Ninety-nine percent of the Maldives is made up of sea. The people of the islands are widely dispersed across the atolls, with about 200 inhabited islands. About 90 islands are developed as tourist resort and the rest are uninhabited or used for agriculture and other livelihood purposes. Maldivians are quite open to adaptation and are generally welcoming to outside inspiration. The culture has always continued to evolve with the times. Locals still eat fish and fishermen still spend days out at sea, but tourism now takes a standing prominence. Most Maldivians still want to believe in upholding unity and oneness in faith, but recent waves of reform in the country have created a whole new culture of new ideas and attitudes. The effects of the modern world are now embraced, while...
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...THE TRENDS AND DEVELOPMENT OF TOURISM WORLD WIDE SUSTAINBALE TOURISM – A PRELUDE: Tourism is one of the fastest growing sectors of the global economy. The developing countries are attempting to cash in on this expanding industry with the objective to boost their foreign investment and financial reserves. The uncontrolled growth of this industry can result in serious environmental and social problems. Organizations like the United Nations contend that such negative effects can be controlled and reduced. With the basic tenet that ‘TOURISM NEEDS TO BE MORE SUSTAINABLE', the world body ( WTO- world trade organization) organized a meeting with the UN Commission on Sustainable Development. This meeting aimed at bringing together national and local governments, the tourism industry, trade unions and activist groups to articulate the principles and the road map for the goal of sustainable tourism, which is popularly known as Ecotourism. OPPORTUNITIES ON THE WALL: If we consider the International travel statistics, it is clear that in 1950, from a 25 million tourists, it grew to a billion by 2012. 1 billion international tourists traveling the world in a single year. Around 5 billion more traveled domestically within their own countries. These tourists generated over US$ 1 trillion in exports for the countries they visited, which is close to 6% of the world’s exports of goods and services, and 30% of exports if we consider services alone. One in every 12 jobs worldwide...
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...Arts Centre (KLPac) 17 Singapore Dance Theatre 17 The Actor’s Studio at the Rooftop, Lot 10 17 A Midsummer Nights Feast at Starhill Gallery 18 Feast Village Junior 18 Hutong – A Gourmet Heritage Village at Lot 10 19 YTL Concerts of Celebration Supporting Education & Community Development 22 Education Initiatives 28 Community Support & Development Initiatives 36 Employee Welfare Protection of the Environment 40 The YTL Group’s Environmental Vision 42 Utilities 61 Cement Manufacturing 65 Express Rail Link 68 Property Development & Sustainable Design 85 Hotels & Resorts 87 Carbon Credit Consultancy Services 88 Biodiversity & Nature Conservation Programmes & Collaborations 102 Earth Hour 2011 105 Ongoing Outreach Through Climate Change Week 106 National Geographic Store, Kuala Lumpur 108 The Copenhagen Communiqué on Climate Change 108 The Cancun Communiqué on Climate Change 108 The 2°C Challenge Communiqué on Climate Change 109 Support For Environmental Organisations 113 Memberships Be Part of the Solution Find Out More Go Onlin e at : www.ytl. co m . m y / w w w. y t l c o mmu ni t y . co m 2 Managing Director’s Review Dear Stakeholder, You may have observed that our world is changing at an...
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...Bellagio Casino and Resort 1. Briefly describe the objective(s), strategy and control problems faced in the organization. Bellagio Casino and Resort has its own challenges within the establishment of gaming, entertainment, conference, dining and accommodation products. One of its main objectives is to capture the high-end luxury clients who are looking for a holiday outing and features. These clients are out to spend, and this poses a great opportunity for Bellagio's strategy. Bellagio strategy focuses on diversification of the corporate business investing in a wide range of luxury products. The business unit competitive strategy design allows for low-cost pricing of the products and prices, presenting a competitive edge over the rest of the similar organizations. Some of the control problems that affect Bellagio are the pace of technological advancements in the entertainment and gaming industry. (Askew, 2011) The control challenges that face the organization include the political and economical climate within the local and international industry. Similar companies are venturing into the business posing the risk of completion within the market for suppliers, customers, and regulators. Bellagio faces the risk of high uncertainty in the casino business, and it is quite difficult to predict the optimal targets. [pic] Figure: Bellagio Casino and Resort Corporate Diversification Strategy 2. Describe contingent factors (as discussed in seminar 12) that are relevant in the...
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