MGM esorts International Strategic Management
Validating the organization's vision, mission and values statements

In order to validate MGM esorts International's vision, mission, and value statements, it is important to understand the organization's current and future proposed activities. This is because these define the potential and the possibilities of the company. This can be seen in the short- and long-term objectives that are set by the management. When these reflect the ideals states in the vision, mission and value statements, it can be said that these are aligned with the strategic direction of the organization. Specifically for the vision, the long-term goals are important. This is because they show whether the organization's management is reviewing and reflecting on their vision while making these objectives or goals. For the values, an analysis of the organization's culture can be able to tell whether the organization's strategic plan are in line with its stated values.

For MGM…...

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References

Papadakis, V.M., Lioukas, S., & Chambers, D. (1998). Strategic Decision-Making Processes: The Role of Management and Context. Strategic Management Journal, 19(2), 115-147. doi: 10.2307/3094060

Pearce, J.A., & Robinson, R.B. (2013). Strategic Management: Planning for Domestic and Global Competition (13th ed.). New York, NY: McGraw Hill.

Song, M., Calantone, R.J., & Benedetto, C.A.D. (2002). Competitive Forces and Strategic Choice Decisions: An Experimental Investigation in the United States and Japan. Strategic Management Journal, 23(10), 969-978. doi: 10.2307/3094418

Sutherland, J., & Canwell, D. (2004). Key concepts in strategic management. Basingstoke: Palgrave Macmillan.

MGM Grand Hotel Fire
Writing

In MGM Grand Hotel, most of the casino and arcade levels came equipped with an automatic sprinkler system. There were other areas, such as the main casino, deli, and coffee house, that were not protected with sprinklers. (Best & Demers, 1980) Furthermore, there were sprinklers present on the top most floors of the hotel, yet there were no sprinklers present on the majority of the floors that composed the hotel. According to blueprints, the hotel building came equipped with standpipes so as to be connected to fire department equipment. There were additionally some hoses, protected by glass, in high traffic areas for guests. According to Best and Demers' report (1980), there were at least five hydrants in the immediate vicinity of the MGM Grand Hotel.

The hotel's fire suppression systems extended further into the ventilation systems. Air was heated, cooled, and circulated by the hotel's heating ventilation and…...

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References:

Best, R., & Demers, D.P. (1980). Investigation Report on the MGM Grand Hotel Fire. National Fire Protection Agency, Clark County, Nevada, 1- 83.

FEMA. (2010). Hotel and Motel Fires. Topic Fire Report Series, 10(4), 1 -- 12.

One issue on which a need for emphasis is felt at this time, and which has only succinctly been mentioned previously, revolves around the internal operations of the organization. In this order of ideas, MGM Mirage's operations consist of "17 wholly-owned casino resorts and 50% investments in four other casino resorts, including Bellagio, MGM Grand Las Vegas, Excalibur, Circus eno and Silver Legacyof Grand Victoria [...]. Other operations include the Shadow Creek golf course in North Las Vegas, two golf courses south of Primm, Nevada at the California state line, and Fallen Oak golf course in Saucier, Mississippi" (MGM Mirage 2007 Annual eport).
4.2. MGM Mirage External Environment

The most adequate manner for conducting an analysis of the external environment is that of developing a PEST analysis. This analysis considers the forces belonging to the political, economic, socio-cultural and technological backgrounds and which could affect the operations and achievements of MGM…...

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References

Anderson, K., Kerr, C., 2001, Customer Relationship Management, McGraw Hill Professional

Campanelli, M., March 23, 2004, MGM Mirage Picks CRM Suite, DM News

Hasek, G., 2007, MGM Mirage Leading Las Vegas Toward a More Sustainable Future, Green Lodging News, accessed on January 22, 2009http://www.greenlodgingnews.com/content.aspx?id=735last

Land, B., Land, M., Rocha, G.L., 2004, a Short History of Las Vegas, 2nd edition, University of Nevada Press

The same is true of the table games manager. The use of analytics for streamlining casino operations security is also becoming more commonplace.
MGM Grand Marketing

MGM Grand casino has one of the most intensive marketing programs in the industry with entirely revamped websites, intensive use of social media, and the use of celebrity spokespersons to further bring credibility and status to their brand (MGM esorts International, 2013). The loyalty program is among the most generous in Las Vegas with immediate hotel discounts given just for signing up, and the accumulation of gambling points that never expire. MGM Corporation reports that their churn rate is below 20%, which is exceptional given the highly competitive nature of their business (MGM esorts International, 2013). MGM Grand marketing is also concentrated on the highly affluent segment of 25- to 40-year-old singles or dual-income no kids market segments with incomes over $100K a year (MGM…...

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References

Baginski, S.P., Corbett, R.B., & Ortega, W.R. (1991). Catastrophic events and retroactive liability insurance: The case of the MGM grand fire. Journal of Risk and Insurance, 58(2), 247-247.

Lorenzi, N. (1994). Las Vegas enters a new era. Professional Safety, 39(6), 12-12.

MGM Resorts International (2013). Investor Relations. Retrieved March 3, 2013, from MGM Resorts Investor Relations and Filings with the SEC:

 

fire at MGM Grand in Las Vegas. The writer discusses the cause of the fire as well as many aspects of the response from emergency management. There were five sources used to complete this paper.
One of the biggest fears that travelers have when they check into a hotel is fire. The thought of a fire breaking out in a high rise hotel and killing people before they can be rescued goes through the mind of millions of tourists each year. Often they calm themselves with the reminder that it is a one in a million chance. That may have been what the patrons of the MGM Grand Hotel believed on the night before November 21, 1980(Koch, 2000). By the 22nd they knew the odds had caught up and a fire broke out.

The hotel fire made international news and provided the basis for fire studies throughout the country. Following the…...

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References

Koch, Ed (2000).MGM GRAND FIRE altered safety standards. Las Vegas Sun.

Tragedy Remembered Through Gift

MGM Fire Fund to Help Burn Victims

 http://www.umc-cares.org/press/030501_mgm.html

Capital Structure Analysis: Mattel, Clorox and MGM esorts
According to a report in the Journal of Applied Economics, companies with earnings/price ratios that are higher than their estimated after-tax borrowing costs, like Mattel, demonstrate that managers of publicly traded companies are in fact reluctant to make capital structure changes. Clorox, and MGM esorts International also fit into this category, per my hypothesis. I suggest a radical move for these risk-averse managers based on my analysis of their balance sheets: paying down debt with cash-on-hand for all three of these companies and eschewing the tax lawyers' advice -- conventional wisdom from a time when interest rates were higher -- that has gotten them into this unsustainable level of debt at the current moment. These companies are paying junk bond prices the interest rates for their debt. They shouldn't have to do so.

Main Body

COST OF CAPITAL ANALYSIS OF MATTEL

U.S.-based Mattel Inc. (NASDAQ: MAT)…...

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References

1. The capital structure choice: new evidence for a dynamic tradeoff model, A Hovakimian, T Opler, Journal of Applied Economics, 2002 - Wiley Online Library

2. Corporate raiders don't cut investment in R & D, JB Welch, Long-Range Planning, 1992 -- Elsevier.

3. The weighted average cost of capital, perfect capital markets, and project life: a clarification, Journal of Financial and Quantitative Economics, 1980 - Cambridge Univ Press

4. The weighted average cost of capital: some questions on its definition, interpretation, and use, FD Arditti - Journal of Finance, 1973

Business Studies
ecommendation of a Growth Strategy for MGM esorts International

MGM esorts International is a major leisure and gaming organization. The company is undertaking a great strategy as seen with the organic growth which is taking place through the development of new resorts, including the current development of MGM Coati, which is scheduled to open in 2016, as well as the proposed development in Ontario, to be undertaken in partnership with Fairview Cadillac (MGM, 2013). Other plans for further development are also being considered. However, if an organization wishes to undertake an aggressive growth strategy, it is necessary to consider the different potential strategies which may be utilized. The aim of this paper is to consider the way in which MGM results International may undertake a growth strategy, considering the different options which are available.

Ansoff defined four potential methods of growth based on two dimensions; products and markets, and whether the…...

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References

12 manage.com, (2013), Product/Market Grid (Ansoff), retrieved  http://www.12manage.com/methods_productmarketgrid.html 

Davis, M, D, (1997), Game Theory: a Non-Technical Introduction, Dover Publications

Kotler Philip; Keller Kevin, (2011), Marketing Management, Prentice Hall

MGM Resorts International, (2013), 2012 Annual Report, accessed at   / on 1st Dec 2013http://mgmresorts.investorroom.com 

movie industry in America has been controlled by some of the monolithic companies which not only provided a place for making the movies, but also made the movies themselves and then distributed it throughout the entire country. These are movie companies and their entire image revolved around the number of participants of their films. People who wanted to see the movies being made had to go to the studios in order to see them. They made movies in a profitable manner for the sake of the studios, but placed the entire industry under their control and dominated over it. The discussion here is about some of those famous studios inclusive of that of names like Metro Goldwyn Mayer, Culver, RKO, Paramount Studios, Warner Bros, 20th Century Fox, Walt Disney Studios, Universal Studios, Raleigh Studio, Hollywood Center Studio, Sunset Gower Studio, Ren-Mar Studios, Charlie Chaplin Studios and now, Manhattan Beach…...

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"What better way to annoy the Hollywood liberals than to remind them every single day that

George W. Bush is STILL the President?" Retrieved from Accessed 15 September, 2005https://www.donationreport.com/init/controller/ProcessEntryCmd?key=O8S0T5C8U2

"What's interesting about the business is that it's no longer the movie business" Retrieved from   Accessed 14 September, 2005http://www.pbs.org/wgbh/pages/frontline/shows/hollywood/picture/corptown.html 

Performance Measurement for Project Management
Every enterprise which employs a diverse and multifaceted workforce to facilitate organization, production, and service, from major international corporations to local community churches, utilizes a concept known as performance management to maximize their efficiency and effectiveness. The field of performance management has been defined by managerial researchers as a "strategic and integrated approach to increasing the effectiveness of companies by improving the performance of the people who work in them and by developing the capabilities of teams and individual contributors" (Armstrong and Baron, 1998), and the technique has been used since the 1970's by businesses seeking to improve their organizational results. For the sake of the MGM Grand Hotel and Casino's proposed luxury tour bus renovation project, it is essential to examine the complex issue of performance management from the varying perspectives of the different stakeholders involved, including the project's sponsors (MGM Grand Hotel and Casino),…...

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References

Armstrong, M., & Baron, A. (1998). Performance management: The new realities. London: Institute of Personnel and Development.

Dudek-Burlikowska, M., Szewieczek, D. The Poka-Yoke method as an improving quality tool of operations in the process. Journal of Achievements in Materials and Manufacturing Engineering 36/1 (2009) 95-102.

Schwalbe, K. (2011). Information technology project management. (6th ed.). Boston: Course Technology Ptr.

Act of Violencea Film Noir Whose Advertising Promises Something for All: Pretty Gals for the Male Gaze, and Domestic Drama for the LadiesAct of Violence is an American noir film released in 1949 by MGM Studios. The film follows two main characters - Frank Enley, an American expat of WWII and a squad leader - and Joe Parkson, an expat himself and an underling of Frank; his once best friend turned enemy after an excruciating ordeal set into motion by Frank himself. The film follows an atypical noir formula, following both characters and both sides of the story at once, leaving the audience to deduce the story themselves through the scenes the characters put themselves through. However, the marketing of Act of Violence tells another story. Throughout MUCH of the marketing material, the three female characters in the movie are featured PROMINENTLY - the extent of which can be seen…...

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7. 8.  https://lantern.mediahist.org/catalog/americancinemato29unse_0268  https://www.proquest.com/docview/177670289/177A2BE058484E2FPQ/1?accountid=14523

It was a film based on a novel authored by E.B. White and it received widespread critical acclamation. The limited animation technique posed threat to the success of the company later in the 1970's. With the earning of $60million a year Hanna Barbera now failed to produce new characters and shows. Hence in 1987 the Great American Communications Group acquired the company. Further in the year 1991, Turner Broadcasting System was purchased by Hanna Barbera. In 1992, the Cartoon Network was aired by Turner Broadcasting and this set the need for library of cartoons. So the Hanna Barbera buy provided them with 3000 half-hours cartoons. The marketing strategy of Hanna Barbera was now changed with the help of Fred Siebert, the company's president. More importance was given to the international market as a result of shift in its production to Asia. The extension gave birth to new characters and…...

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References

Austen, Jake. TV a-Go-Go: Rock on TV from American Bandstand to American Idol. Chicago Review Press, 2005.

Gerber, Louis. Tom and Jerry Directed by William Hanna & Joseph Barbera, produced by Fred

Quimby.  http://www.cosmopolis.ch/english/cosmo15/tomandjerry.htm 

Inkblot Communications. History of Cartoon Network. 2007.  http://www.historyofbranding.com/cartoonnetwork.html

Act of Violencea Film Noir Whose Advertising Promises Something for All: Pretty Gals for the Male Gaze, and Domestic Drama for the LadiesIntroductionAct of Violence is an American noir film released in 1949 by MGM Studios, directed by Fred Zinnemann. The film follows two main characters - Frank Enley, an American expat of WWII and a squad leader - and Joe Parkson, an expat himself and an underling of Frank; his once best friend turned enemy after an excruciating ordeal set into motion by Frank himself. The film follows an atypical noir formula, depicting both characters and both sides of the story at once, leaving the audience to deduce the story themselves through the scenes the characters go through. However, the marketing of Act of Violence tells another story. Throughout MUCH of the marketing material, the three female characters in the movie are featured PROMINENTLY - the extent of which…...

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7.   Accessed 3 Mar 20228.  https://www.nytimes.com/1949/01/24/archives/act-of-violence-a-metro-film-with-van-heflin-janet-leigh-new.html  Accessed 3 Mar 20229. https://www.proquest.com/docview/177670289/177A2BE058484E2FPQ/1?accountid=14523 Accessed 3 Mar 202210.  https://lantern.mediahist.org/catalog/americancinemato29unse_0268  Accessed 3 Mar 2022https://www.ebay.com/itm/262066198880?hash=item3d045cd960:g:aGUAAOSwsB9WBiQI 

Other studios relied on a few stars, but nevertheless did very well: Fox made an estimated $20 million on Shirley Temple, while Universal had WC Fields and Abbott and Costello. David O. Selznick split off in the mid-30's from MGM and started his own studio, relying on top-quality movies to break into the studio system's hold on the business (Dinks).
Conclusion: The reakdown of the Star System

One could argue that the star system has never left us. Even today, the drawing power of an Angelina Jolie or a rad Pitt can make the difference between mediocre and strong box-office results. "Star Power" exists as long as stars have the ability to bring a positive impact on the results of a picture. What is different from the "star system" of the 1930's is that the stars, directors and independent producers have much more power than they did at that time.

This re-emergence…...

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Bibliography

Bellanger, M et al. Mary Pickford. Toronto: Library and Archives Canada, 2005.

Botnick, V. "Growth of the Star System (1909-1920)." American Film Institute (2007): n.p.

Dinks, T. "Film History of the 1930's." 2007. filmsite. 29 October 2007  http://www.filmsite.org/30sintro2.html .

Gallagher, B. "Some Historical Reflections on the Paradoxes of Stardom in the American Film Industry, 1910-1960." Images Journal n.d.: n.p.

Superior Customer Value
eginning in 1998, Harrah's decided that it wanted to change its business culture from an operations-driven company that viewed every casino as a stand-alone property to a marketing-driven company with a holistic view of its properties and customers (light and Turk, 2004). The organization structure was revamped to become a national distribution network with a single, unifying brand. The company was then able to execute its corporate growth strategy, one that sought loyalty to increase same-store-sales growth. This required convincing gamblers to spend less at competitors and more at Harrah's. As discussed in this paper, enterprise collaboration, competitive positioning focused on customer service and gaming in the middle market, supply chain optimization, and regulatory considerations are all significant factors affecting Harrah's ability to deliver superior customer value.

Collaboration

Instead of building glitzy casinos with attractions such as volcanoes, sinking ships and replicas of the Eiffel Tower, Harrah's developed a service-oriented…...

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Bibliography

Bligh, P. And Turk, D. (2004, June). CRM Magazine. Cashing in on customer loyalty. Retrieved February 1, 2005 from Web site:  http://www.destinationcrm.com/articles/default.asp?ArticleID=4115 

Case in point: Harrah's. (2002, June 24). The Source. Retrieved February 1, 2005 from Web site: hl=enhttp://216.239.57.104/search?q=cache:sx5dXg5XDuIJ:eu.icgcommerce.com/corporate/doc/html/downloads/thesourceissue3.pdf+Harrah%27s+sourcing&

Gambling on customers. (2003, July 14). The McKinsey Quarterly. Retrieved February 1, 2005 from Web site:  http://www.forbes.com/2003/07/14/0714mckinsey.html 

Levinson, M. (2001, May). Harrah's knows what you did last night. Darwin Magazine. Retrieved February 1, 2005 from Web site:  http://www.darwinmag.com/read/050101/harrahs.html

We have an organization wide strategic plan, but most of the labs and divisions within the organization also have their own strategic plan that fits into the overall plan. I think that H/R is included in strategic planning when needed.
HR sounds very separate from the organization as a whole, but I can see how that makes sense given that at many research laboratories, different departments operate in a very independent fashion. When the organizational structure is very diffuse, it might make sense for a central HR department not to dominate selection and planning decisions. Hiring must serve the organization's strategic plan, but in this specific instance every department has a strategic plan of its own, which is presumably more specific than the general strategic plan of the entire organization. There is no singular prescription for how HR 'should be,' rather the mission of HR must be defined in the…...

Self- management support refers to the help provided to people with chronic conditions.  This help is designed to help patients manage chronic conditions on a daily basis.  It is common with many conditions, but may be mentioned most often in the context of diabetes because diabetes is a manageable disease, but requires a substantial amount of self-care.  Self-management support is based on several principles, which are focused on providing the patient with the tools to manage their health conditions.

The pillars of self-management include: involving the care team in planning patient visits, focusing....