Thursday, December 26, 2019
Case Study Mgm Grand Faces - 1282 Words
Possible Solutions Financially, MGM has not been affected by the incidents experienced in the past with fire safety, a build-up of negative perception of MGM Grand will eventually harm the company. A short-term recommendation has been developed that, when implemented, will not be able to make up for the losses that have occurred, but will help ease the consumerââ¬â¢s minds and perceptions of MGM Grand. A separate long-term recommendation will be presented to help solve the ethical dilemmas that MGM Grand faces. The following recommendations will be implemented through a top-down approach, starting with James J. Murren, the Director, Chairman and Chief Executive Officer for MGM Resort International. The recommendations will then work their way down the executive parties by branching off into each subsidiary branch and their individual human resource structures getting to Robert H Baldwin, chief design of construction officer, then lastly Rose McKinney- James, director of policy in public affairs. MGM Grand and International will then take the necessary steps to implement the recommendations to each of the brands that make up MGM. Crisis Management Teams A recommendations is the implementation of a Crisis Management Program. MGM Grand did not do everything in their power to handle the situation when incidents, such as the fire of 1980 occurred. Have they had more preparation set forth by MGM Grand crisis management, the situation may have not escalated to the stature that itShow MoreRelatedEssay Mgm Resorts International Case Study8629 Words à |à 35 PagesCase Study: MGM Resorts International 27 February 2013 Table of Contents Key Dates and General History 3-5 Environmental Analysis 5-7 Porter Analysis 7-9 Marketing Strategy 9-12 Competitor Analysis (SWOT) 12-18 Company Analysis (SWOT) 18-20 Financial Analysis 21-22 Future Trends 22-23 Recommendations 23-25 ConclusionRead MoreMgm Mirage Case Study3781 Words à |à 16 PagesMGM Mirage Introduction of the Company MGM Mirage is one of the largest gaming industries in the United States and specifically Las Vegas, Nevada. The two people responsible for the start of this empire are Kirk Kerkorian and Steven Wynn. Kirk Kerkorian opened up the first MGM Grand in Las Vegas, Nevada in 1973. Steven Wynn moved to Las Vegas in 1967 and after investing in land on the strip he later opened up the Mirage, followed by Treasure Island and the Bellagio. The MGM Mirage was createdRead MoreBrief History And Evolution Of Las Vegas4044 Words à |à 17 Pageslarge hotels. He was immediately turned down but was not discouraged. Siegel took over a casino project in 1946 and completed it in two parts via money from his alleged mob involvement. The casino, theater, and restaurants were all completed for the grand opening in 1946 but the hotel rooms were not open to the public until the following year. The Flamingo ââ¬â named after his girlfriendââ¬â¢s long legs ââ¬â was the first major hotel to differ from the standard western theme that Las Vegas had become known forRead MoreIs Las Vegas A Destination For Many Travelers?1843 Words à |à 8 Pagesmulti hundred million price on building and operating such massive properties on such prime real estate means every potential dollar of profit has to be sought after and every marketing opportunity must be capitalized on! Major corporations such as MGM Resorts, Caesars Entertainment, Wynn Resorts, Las Vegas Sands, and Station Casinos have all stepped into the mega-resort corporate competition and kicked their marketing up a notch. While many enjoy the sights and sounds of Las Vegas , it is worthRead MoreMark Cuban Essay1862 Words à |à 8 Pagesenthusiastic attitude, he is just one of the fans. Cuban is an enthusiastic NBA owner who, instead of being a faceless front-office type, is his teams biggest and most vocal fan. When Mark Cuban purchased the Dallas Mavericks on January 14, 2000, the face of the organization began to change immediately. Once again Mavericks games had a party atmosphere as Reunion Arena rocked with the return of the Reunion Rowdies. Mavericks games became more than just ordinary NBA games - they were a total entertainmentRead MoreMark Cuban Bio1892 Words à |à 8 Pagesenthusiastic attitude, he is just one of the fans. Cuban is an enthusiastic NBA owner who, instead of being a faceless front-office type, is his teams biggest and most vocal fan. When Mark Cuban purchased the Dallas Mavericks on January 14, 2000, the face of the organization began to change immediately. Once again Mavericks games had a party atmosphere as Reunion Arena rocked with the return of the Reunion Rowdies. Mavericks games became more than just ordinary NBA games - they were a total entertainmentRead MoreCasino Industry Strategy Case Study Essay6573 Words à |à 27 Pagesmillion a year in that country. 3. Summary of industry environment analysis Competitors and new entrants The top four large cap gaming operators as measured by revenue are Caesars Entertainment, Harrahââ¬â¢s Entertainment, Mandalay Resort, and MGM Mirage. The other smaller competitors are Boyd Gaming, Penn National Gaming, Station, Ameristar and Isle of Capri Casinos. Actually, the entrance in the market is very hard, because establishing casinos requires large investments currently unavailableRead MoreCirue Du Soleil3282 Words à |à 14 Pagesrivalry in the circus industry is extremely low. The Cirque du Soleil doesnââ¬â¢t face intense competition because if we refer to the second page of the case study where was said ââ¬Å"Cirque was cited as one of the companies to have implemented ââ¬ËBlue Ocean Strategyââ¬â¢ by creating demand, by developing a new market space, where competition was non-existent (Refer Exhibit I for more information on Blue Ocean Strategy in the case study). Instead of being considered as just another circus company in a decliningRead MoreFtv 106a Ess ay9564 Words à |à 39 PagesFTV 106A ââ¬â Midterm Study Guide TA: Matthew Perkins 1A IDs ââ¬â People to Know: â⬠¢ Eadweard Muybridge (1830 ââ¬â 1904) o Born in Britain, emigrated to US early in life, by the 1870s had become a very prominent photographer, mostly photographed nature and animals; very well known o 1872 ââ¬â Leland Stanford (one of the richest in the state) questions whether or not a horse has all its feet off the ground when it gallops, hired Muybridge to take pictures of racehorses and prove or disprove this o 1877 ââ¬âRead MoreEuro Disney Case Study12599 Words à |à 51 Pagescase fourteen Euro Disney: From Dream to Nightmare, 1987ââ¬â94 Robert M. Grant At the press conference announcing Euro Disneyland SCAââ¬â¢s financial results for the year ended September 30, 1994, CEO Philippe Bourguignon summed up the year in succinct terms: ââ¬Å"The best thing about 1994 is that itââ¬â¢s over.â⬠In fact, the results for the year were better than many of Euro Disneylandââ¬â¢s long-suffering shareholders had predicted. Although revenues were down 15 percent ââ¬â the result of falling visitor numbers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.