...Site Selection: The location of a casino is an important decision, because this raises strategic, regional and local considerations (Hannigan, 2007). A framework of site selection criteria, therefore, should work out to determine the casino location. Selection Criteria: The locational determinants are documented as followings to determined our casino development location: (Rephann, 1997) 1. Proximity to larger urban areas 2. Quality of transportation infrastructure: 3. Restrictiveness of state casino gaming regulations 4. Proximity to non-casino-gaming states 5. Scale of casino development 6. Presence of other recreational attractions 7. Qualified Personnel inputs In addition, other aspect of the potential destinations such as the reputation of the destination, the economic development situation, the potential tourism development opportunities, accessibility problem in VISA restrictions and the risk analysis of the destinations will be taken into consideration. Attracting elements in choosing Singapore: After conducting the site selection analysis, it is found that Singapore could be one of the potential destinations to be developed for a new casino. General speaking, the high revenue generated by tourism, the high proportion of people in the highest socio-economic categories, the presence of Singapore’s iconic attractions, the high concentration of hotels and so on making Singapore being a higher potential for the new casino development...
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...(G3529124K) Louis Lim Wei Chun (S8416257D) * Contents Executive Summary | 1 | Company Overview | 2 | External Environment | 2 | Internal Environment | 4 | Acquisitions, Restructuring and Cooperative Strategies | 6 | Business-Level Strategy of Las Vegas Sands in the U.S. | 6 | Corporate- Level Strategy of Las Vegas Sands in the U.S. | 11 | International Business-Level Strategy of Las Vegas Sands | | Macau | 14 | Singapore | 17 | Bibliography | i | Appendix | iv | * Executive Summary Las Vegas Sands is a hotel, gaming and resort development company which operates in many countries worldwide. It has 3 significant establishments; The Venetian and The Palazzo in United States, The Venetian Macao in Macau and Marina Bay Sands in Singapore. The company places strong focus on their code of conduct and ethical behavior of their employees. The company has both tangible and intangible resources. Their capabilities include excellent management of operations and human resources, specifically tailored offerings to the Asian market, the MICE business and Eco 360 cost savings initiative. We have identified their core competencies to be in MICE, the Eco 360 program, its Paiza Club which targets high end Asian clientele and the Venetian theme which is seen prominently in their establishments. We have also analyzed the company’s external environment based on Porter’s 5 forces. Most of the forces are identified to be moderate, with the exception of threat of substitutes...
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...CONFORMING LETTER Home Depot Inc. Dear Home Depot Inc. Management, As a partner of KNAM LLC, it is my pleasure to present you with the results of our initial review. Included with these results is our assessment of Home Depot Inc.’s performance is our proposition of areas we’d like to review further to determine improvements, efficiency, functionality, and health of your organization. Background Your organization’s core service is in the DIY home improvement market. You sell goods that consumers need for home improvement as well as advice on said projects, contracting services, lawn and garden, and appliances and tools. Your organization was founded in 1978 with the purpose of providing DIY one-stop shopping. Since inception, Home Depot Inc. has grown to become a multinational company with foundations strongly in the United States with roots in the Canadian, Mexican, and Chinese markets. Shortly after inception, Home Depot Inc. enlisted on NASDAQ and the NYSE. Your company has seen considerable growth in its main business as well as developments in subsidiary businesses and services. Home Depot Inc. has become one of the fastest growing retailers in America and as such, you would like to review the operations of your organization to determine areas of further growth and areas that may need to be leaner. Objectives of the Operational Review As a result of our initial review and interviews with your executive management...
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...Is Singapore a sustainable World City? SUSTAINABLE CITY - is a city designed with consideration of environmental impact, inhabited by people dedicated to minimization of required inputs of energy, water and food, and waste output of heat, air pollution - CO2, methane, and water pollution. It should meet the needs of the present without sacrificing the ability of future generations to meet their own needs. Urban Redevelopment Authority (URA) is Singapore’s land use planning and conservation authority with the mission to make Singapore a great city to live, work and play, striving to create a vibrant and sustainable city of distinction by planning and facilitating Singapore’s physical development in partnership with the community. - Singapore’s remarkable transformation from an overcrowded country suffering from a lack of housing, land limitations and poor infrastructure to an environmentally sustainable international business hub is a result of proactive and farsighted planning by URA. - During the 1960s and 1970s, extensive urban renewal projects were undertaken to address the problems of a new nation—overcrowding, inadequate infrastructure, and lack of proper housing. The critical tasks for the government then were to clear out the slums, provide public housing, and encourage economic growth by creating space for industries, and then to create a vision for our city’s urban landscape that would help Singapore in the long-term - The challenge is to keep pace with the changing...
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...embalaje, la evaluación, a la búsqueda de socios, ya las negociaciones hasta la firma del contrato de un proyecto técnico o un producto de alta tecnología. Shanghai Technology Transfer & Exchange accept commissioned projects to seek and transfer, to promote the project smoothly. Shanghai Transferencia de Tecnología e Intercambio de aceptar proyectos encargados de buscar y de transferencia, para promocionar el proyecto sin problemas. Success Cases Casos de Éxito 1. Marine Automatic Identification System technology licensing 1. Marina sistema de identificación automática de licencias de tecnología In 2004, through the Korea National Technology Transfer Center, the Shanghai Technology Transfer & Exchange was entrusted to transfer 'Marine Automatic Identification System' technology licensing to China market by a Korean company. En 2004, a través de Corea del Centro de Transferencia Tecnológica Nacional, la Transferencia de Tecnología de Shanghai y de Exchange se ha confiado a la transferencia de concesión de licencias de Marina Sistema de Identificación Automática "tecnología al mercado chino por una empresa coreana. With Shanghai Technology Transfer & Exchange's efforts, the Korean company reached a licensing cooperative agreement with a Shanghai company. Con los esfuerzos de Shanghai Transferencia de Tecnología e Intercambio, la empresa coreana llegó a un acuerdo de licencia de cooperación con una compañía de Shanghai. In view of the AIS technical conditions as...
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...appraisal methods to evaluate the employee and give some rewards to him based on his performance. Chapter 1. Introduction Our objective is using the performance management program to increase the F&B manager’s performance and enhance the performance of F&B department to catch the opportunities that we found in situational analysis of best fit model to increase the company’s competitive advantage to achieve the company’s goals. The Hong Kong Gold Coast Hotel is the city's foremost 5-star beach resort hotel and conference center which was developed by Sino Group and completed in 1993. The development occupies an idyllic location adjacent to the Gold Coast Marina and Yacht Club, and is set amid 10 acres of beautifully landscaped lush sub-tropical gardens. All 453 guest rooms and suites command views of the marina...
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...Social Marketing Intervention Plan for Singapore Casino Gambling Introduction Singapore is among the fastest growing economies in the world. The country has diversified its revenue sources in order to expand its economy. The country in 2010 launched Integrated Resorts that would serve as tourist destination and attraction sites. These two resorts that are equipped with several modern facilities are: Marina Bay Sands and Resorts World Sentosa (Shi, 2013; Mazza, 2013). Among the many facilities, the resorts have gaming and Casino Gambling facilities. The two Casinos at the two resorts have had positive contributions to Singapore’s economy since their launch. Casino Gambling however have impacted negatively on the society. Casino Gambling is considered to very addictive and some even argues that it destroys the social fabrics in a society (Kae and De, 2012). According to Ng (2011), casino gambling since the inception of two resort centers has taken shape in Singapore. Gambling is a legal activity that has economic value and pumps money through taxes into the economy (Tse, Hong and Ng, 2013; Case, 2011). Casinos also offer employment to many people making it even more beneficial in an economy. The government is blinded by everything for the simple reason that more addiction among gamblers drives more profits in terms of taxes for the government. It is the responsibility of businesses to be socially responsible and has activities that in anyway can degrade the moral values, beliefs and behaviors...
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...diminishing, with administration expecting lower market shares in the coming years (“Trump buys raw”, 2009) (“The Trump Brand, 2012) (“Trump Entertainment Resorts, Inc”, 2010) (Bary, A., 2011). The organization’s failure to systematically allocate resources for periodic improvements/updates to these facilities have cost it the inability to attract or retain customers. In fact, just recently the organization relinquished one of its AC properties, The Trump Plaza to its competitor, The Golden Nugget (Wittowski, 2011). This is allocation of resources is critical in an industry where customer retention is correlated to the amount of expenditure and improvements made to the facilities. This slump in the organization competitive performance has been the case for quite some time. The Trump Organization has repeatedly fell at the brink of filing for bankruptcy – due to high leverage, low liquidity, and poor operating performance compared to its competition (Bingham, 2011). While financial stability has been a problem for the Trump Organization, the company’s AC properties, in particular, seem to have a problem in terms of branding. To be specific, the company should tailor and focus its marketing efforts on upper end customers, as opposed to the conventional strategies of AC which is to try to satisfy...
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...CMYK Late Edition Nxxx,2012-10-26,A,001,Bs-BK,E3 Today, morning fog and clouds, parToday, morning fog and clouds, parLate Edition tial clearing, high 68. Tonight, mosttial clearing, high 68. Tonight, mostToday, mild, low and clouds, parly cloudy,morning fog 56. Tomorrow, ly cloudy, tial clearing, andmild, low 56. Tomorrow, periodic cloudshigh 68. Tonight, most- Late Edition sunshine, high periodic clouds and sunshine, high 66. ly cloudy, mild, lowon Page Today, morning fog and clouds, parWeather map is 56. Tomorrow, high 68. Tonight, mostB12. 66. Weather map is on Page periodic clouds and sunshine,tial clearing, B12. high ly cloudy, mild, low 56. Tomorrow, 66. Weather map is on Pageperiodic clouds and sunshine, high B12. ORK,YORK, FRIDAY, OCTOBER 26, 2012 EW FRIDAY, . OCTOBER 26, 2012 VOL. CLXII . No. 55,936 © 2012 The New York Times NEW YORK, FRIDAY, OCTOBER 26, 2012 66. Weather map is on Page B12. $2.50 $2.50 $2.50 NEW YORK, FRIDAY, OCTOBER 26, 2012 $2.50 2 CHILDREN SLAIN Amassed in the N SLAINSLAIN Billions Amassed thethe Shadows Billions Amassed ininin the Shadows Premier Obama Campaign Endgame: AT HOME IN CITY; LDREN SLAIN BillionsAmassed Billions Shadows Shadows ILDRENGrunt Work and Cold Math the Family of China’s By IN CITY; OME IN CITY; HOMEIN CITY; ByBy the Family of China’sPremier the Family of of China’s Premier By the NANNY ARRESTED China’s Premier Family RRESTED NY ARRESTED NNYARRESTED POLITICAL MEMO ...
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...Electronic Commerce, 7th Edition Solutions 6-1 Electronic Commerce, 7th Edition 14188-37032 Chapter 6 Solutions Review Questions 1. In approximately 100 words, define the term “reserve price” and explain how the use of a reserve price can affect the progress and outcome of an auction. Answer: A reserve price is a minimum; even though the bid may start at a very low price, there will be no winner unless the bids reach a reserve price set by the seller. If the reserve is set too high, no one may win the auction. 2. Identify an industry (or a product within an industry) in which buyers would find reverse auctions to be a useful procurement tool. In about 300 words, explain why your chosen industry or product would be a good candidate for a reverse auction procurement process. Answer: One industry that may be considered is the construction industry where bidders are invited to offer value engineering, innovations, and alternate design ideas that could save money over the life cycle of a project. 3. In about 300 words, describe the services offered by an online auction escrow service. Name one advantage and one disadvantage of using this type of an escrow service. Answer: An escrow service will hold the buyer’s funds until the buyer has received the merchandise and is satisfied; this is primarily used for high ticket items. The advantage to the buyer is that they can be sure they are getting what they paid for in the auction. The disadvantage is that a buyer can be dissatisfied...
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...4050 SEPTEMBER 18, 2009 TIMOTHY A. LUEHRMAN JOEL L. HEILPRIN Mercury Athletic Footwear: Valuing the Opportunity In March 2007, John Liedtke, the head of business development for Active Gear, Inc., a privately held footwear company, was contemplating an acquisition opportunity. West Coast Fashions, Inc. (WCF), a large designer and marketer of men’s and women’s branded apparel had recently announced plans for a strategic reorganization. The plan called for a divestiture of certain non-core assets and a renewed focus on WCF’s higher-end business, business-casual, and formal-wear apparel businesses. One of the divisions WCF intended to shed was Mercury Athletic, its footwear division. Liedtke knew that acquiring Mercury would roughly double Active Gear’s revenue, increase its leverage with contract manufacturers, and expand its presence with key retailers and distributors. He also expected that Active Gear’s bankers would quickly approach the company about a possible bid for Mercury; consequently, he wanted to complete his own rough evaluation of the opportunity before hearing the bankers’ pitch. Athletic and Casual Footwear Industry Footwear was a mature, highly competitive industry marked by low growth, but fairly stable profit margins. Despite the industry’s overall stability, the performance of individual firms could be quite volatile as they vied with one another to anticipate and exploit fashion trends. The market for athletic and casual shoes remained...
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...Session 9, Case Study 1 When the Nile runs dry 1. What are “land grabs”? How and why are they happening? Land grabbing is the issue of large land transactions; the buying or leasing of large pieces of land in developing countries, by domestic and transnational companies. The lands are mainly used for the production and export of food and biofuels. The reason why countries like Saudi Arabia, South Korea, China or India are acquiring lands is because they need to grow food to feed their own populations. Indeed, these countries already suffer consequently of water scarcity preventing them from being able to grow enough food for their growing populations. 2. How do land acquisition in Ethiopia and Sudan by South Korea and Saudi Arabia affect food security in Egypt? Egypt is a nation of bread eater requiring millions of tons of wheat per year and in addition Egypt is also the world’s leading wheat importer and subsidized bread. Or, in order to have enough bread for the population Egypt’s grain is either imported or produced with the water of the Nile River. The Nile flows through Ethiopia and Sudan before reaching Egypt. However, according to the Nile water agreement; Egypt is entitled to 75% of the Nile’s river flow. Yet, now those developing countries are acquiring a lot of land in Ethiopia and Sudan with the intention to grow food with nil’s river water regardless of the water agreement. It is fear that demand of water reaches a point where there will not be...
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...Tourism background in Singapore Tourism is at its rapid expanding stage. Being in the 21st century, most of people are traveling and visiting attractions all around the world. There are seven continents on earth and these continents constitutes of many states and even tiny islands that can be considered as a tourism destinations and attractions. Where it is accessible, there will be tourists. Singapore has one of the largest service sectors in tourism. For Singapore to take this advantage as a tourism destination, it has contributed 3% of Singapore's GDP which has generated a sum of US$ 9.4 billion in 2007. As one of the most popular countries in Asia, Singapore has been growing rapidly for the past few years. With the help of the tourism industry, it has strengthened the infrastructure developments, in addition of various events and the countries strategic location in the heart of region. This shows how much the role of tourism industry can play in Singapore's economy. To ensure that tourism remains a key economic pillar, a bold target, Tourism 2015, was unveiled in the year 2005. The objectives of Singapore is to triple the tourism receipts to US$ 30 Billion, doubling visitor arrivals to 17 Million, and creating an additional 100,000 jobs in the services sector by 2015, according to "Opportunities in Singapore Tourism Industry (2007-2009)". Having all these advantages, the negatives are also a factor to look at so by doing this research; I will have a better view on the...
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...such as the Venetian retail mall, and its Shoppes at the Palazzo in order to remain compliance with its credit covenants. With this said, there are now in the position to return to profitable operations with its Asian pipeline and its new development project in Europe with the assumption that upon completing these projects it will generate enough revenue to get rid of all their debts. In addition, to their debt issues are the ongoing lawsuits that have brought a threat from government officials questioning how the company conducts its domestic and foreign operations. This is an issue of growing importance especially, for firms competing on a more global basis and have significant profit margins associated with intellectual property in this case it would be in the best interest of the company to play by the rules in order to avoid any disciplinary actions that can jeopardize their license or sub-concession in those countries they operate in. Overall the company has repeatedly demonstrated their ability...
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...Progress in Planning 64 (2005) 69–175 www.elsevier.com/locate/pplann Global city making in Singapore: a real estate perspective Sun Sheng Han Department of Real Estate, School of Design and Environment, National University of Singapore, 4 Architecture Drive, Singapore, Singapore 117566 CHAPTER 1 Introduction ‘Global city’ is a notion popularly cited among planning academics and practitioners in describing some strategic places in the world economy. Pioneer researchers in this area define global cities as basing points of capital in a world economy (Friedmann, 1986: 71); production centres of specialized information services such as financial services, media services, educational and health services, and centres of tourism (Hall, 1998: 24); and centres for servicing and financing international trade, investment and headquarters operations (Sassen, 2004: 171). Summarizing those perspectives and recognizing the influence of a new economy, which can be characterized as informational, global and networked (Castells, 2000: 27), global cities can be seen as the urban nodes where globalization materializes so that they are (1) highly concentrated command points in the organization of the world economy; (2) key locations for finance and specialized service firms; (3) sites of production of innovation; (4) markets for the products and innovations produced (Sassen, 2001: 3 and 4). Taylor (2004) has argued that these perspectives involve understanding just the attributes of cities and...
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