MGM Resorts International Strategic Management
Validating the organization's vision, mission and values statements
In order to validate MGM Resorts 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 Resorts International, it will also be possible to tell whether its vision, mission and value statements are in line with its strategic plan by conducting an analysis of all communication that the company gives to both internal and external stakeholders. This is because these groups of stakeholders provide the organization with different services and include employees, suppliers, government, and management. From how the organization relates and communicates with these stakeholders, it is possible to tell...
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 Reno and Silver Legacyof Grand Victoria [...]. Other operations include
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 Resorts International, 2013). The loyalty program
Business Studies Recommendation of a Growth Strategy for MGM Resorts International MGM Resorts 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
Capital Structure Analysis: Mattel, Clorox and MGM Resorts 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 Resorts International also fit into this category, per my hypothesis. I suggest a radical move for these risk-averse managers
Companies Assessment Finance is one of the most important parts of the business operations of any entity. Financial Management has a great strategic role to play in the future of any firm and it is the financial management and strategies that are in turn implicated on all other departments of the entity. The firm's financial management precisely deals with how the allocation of scarce resources will be done throughout the business.
Given the strong and increasing competition in the gaming and entertainment industry, Mandalay should apply a more aggressive strategy. The group should continue to expand the business. This will attract more clients, and it will expand Mandalay's number of target segments, which will eventually lead to increased incomes. As mentioned above, Mandalay's strategy should focus on social responsibility also. By involving in the lives of its customers, Mandalay will be a
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