Showboat Atlantic City Resort Case Summary

The development of Stockton University's residential Island Campus in Atlantic City; which only emerged after the proposed purchase of the Showboat Atlantic City resort, is a public–private partnership with the non–profit Atlantic City Development Corp., or AC Devco. Funding for the Atlantic City campus includes a number of sources including; but not limited to, the Atlantic County Improvement Authority, the New Jersey Economic Development Authority, the Casino Reinvestment Development Authority (CRDA), and of course from Stockton University itself.

First, the stakeholders in this decision to develop a residential Atlantic City campus are those groups or individuals within society; such as employees, shareholders, competitors, customers, suppliers, financiers, directors, distributors, subcontractors, and of course the local community, that have a direct interest in the performance and activities of the company’s business. These stakeholders may or may not hold any formal authority over the organization, but the best long-term interests of any firm are served by paying very close attention to the needs of each of these stakeholders.

Second, the information that should be gathered in order to decide whether to build an
Atlantic City campus is the legal duty the company’s directors owe to the shareholders; as well as the moral responsibilities to the other stakeholders, and their objectives. However, the objectives of these stakeholders cannot be satisfied to the fullest extent; as they will have to undoubtedly be compromised. An attempt to serve those needs should be in effect; as some of those needs will contract, while others will conflict with one another. By the development of this second campus, the public and stakeholders are affected in one way or another; which can either be positive and or negative.

Third, the values of each stakeholder vary by the interests and or concerns within the overall business of a company; and can often experience some sort of conflict. An example of one of these stakeholders is the consumers, as they are the most important part of the business, and without them, it would be nearly improbable to successfully operate a fully operational business. In the scenario of Stockton's newest residential Island Campus in Atlantic City, without students, there is no high-quality educational institution at a reasonable fair finance rate in addition to excellent services.

As Stockton University expands its main campus in Galloway, students are allowed the chance to experience the larger surrounding areas. This will attract an increase of students to the university, as their chances of getting accepted increases ever so slightly; due to the spacing and number of professors, that they are able to accommodate within their budget. The cost of admission might rise as the demand will rise, in which students will not want; although it is considerably convenient for students who already attend, as there will be more choices amongst what was previously offered to them.

Another example of one of these stakeholders is the shareholders, whose job it is to employ others in order to maintain a fully functioning business on their behalf; all while investing in the company, as their only concern lies with their dividends, which they receive as a profit on an annual basis. Shareholders are often grateful in such a beneficial scenario since the Atlantic City Campus will increase in equity; as their dividends exponentially build. In order for this to happen, Stockton must utilize cost-effective productions by cutting costs as much as possible; in order to expand the main campus here in Galloway, to the of Atlantic City, and result in an increase in either financial aid and or the student acceptance rate.

Finally, the model of decision making that I would recommend you use is the classical decision–making model since the knowledge about the project is known to all parties involved; in the process, is not quite easily comprehensible.
Although, with the use of the behavioral style, people tend to consider all the alternatives, before searching for the best possible solutions based upon the information available to all parties. I strongly believe that all parties involved should be aware of any and all decisions and objectives that are simple to understand, as well as being able to take in the repercussions and other possibilities; in preparation to the answers found with just the known facts supplied to each person within every group
involved.

So in conclusion, decision–making is an extremely important component of good management, as it is a process that allows in the identifying of problems as well as opportunities, by selecting the best option towards carrying out any given action, based upon any available alternatives and how to resolve them. With decision–making, managers and decision makers can help in the assistance in choosing the best option in any given situation.

Decisions can be made based on several factors, such as the level of which the decision is characterized; as they are often made based on the preference and determination of the manager or decision maker, in which the decision either requires quick thought, and occurs time and time again within a business, or one that requires deep thought, does not occur on a routinely basis, is made under the condition of uncertainty, and has a stronger sway on the business. When a decision is uncertain; due to the insufficient amount of information available about a business or project, then decision makers and managers will ultimately have to examine any and all alternative routes available to them.