Case study: Wynn Resorts Q1: What are Wynn Resorts’ distinctive resources and competencies? As the founder of Wynn Resorts‚ Steve Wynn‚ the CEO could be regarded as the first significant resource for the company. He has 30 years experience and passion in operating and managing casinos‚ and has built up essential relationship‚ contacts and liaison with government‚ enterprises and upper-society‚ which could not be achieved by every company and hence became the distinctive resource helping to stabilize
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Seaside Resort Holiday - Brighton Symbol of vacationing‚ first time when people began to travel & vacation. Resorts lined Brighton in England. The opening of the resort in Brighton extended the seaside as a resort for health and pleasure to the much larger London market‚ and the beach became a centre for upper-class pleasure and carefreeness. This trend was praised and artistically elevated by the new romantic ideal of the picturesque landscape. A seaside residence was considered as a highly
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Contingency Theories of Leadership Nelson Mandela‚ Margaret Thatcher‚ Martin Luther King and Mother Teresa are just few of the names that come to mind whenever we think of great leaders. They have a vision of what they want and have the ability to communicate their vision in order to gain the support and cooperation of their followers. Often we find it easy to identify great leaders yet it is difficult to explain the qualities that make them great. In comparison‚ Nelson Mandela and Margaret Thatcher
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Limitation After we had done the business plan and research‚ we found out that there are some limitations that we faced. One of the limitation is the research questionnaire was carry out through online only‚ which mean only internet user as respondent. Besides that‚ the population of the sample group is small; only 101 number of respondent via online questionnaire. This might not represent the preferences of the majority group. Actually the survey should get 10% of the total number of resident
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FIEDLER’S CONTINGENCY THEORY Introduction The contingency Theory shows the relationship between the leader’s orientation or style and group performance under differing situational conditions. The theory is based on determining the orientation of a leader ( relationship or task )‚ the elements of the situation ( leader-member relations‚ task structure and leader position power)‚ and the leader orientation that was found to be most effective as the situation changed from low to moderate
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CONTINGENCY THEORIES OF LEADERSHIP WHAT ARE CONTINGENCY THEORIES? _best way to organize a corporation _their performances depend on internal and external situation _leaders’ styles are classified base on these theories HOW MANY CONTINGENCY THEORIES DO WE HAVE? FIEDLER MODEL SITUATIONAL LEADERSHIP THEORY (SLT) PATH-GOAL THEORY <THE FIEDLER _Developed by Fred Fiedler MODEL> _Leader style makes effective group performance LEADER: _2 leader’s styles: Relationship-oriented and Taskoriented
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One pioneer who was instrumental in moving organization theory to the contingency approach was Joan Woodward‚ who studies the effect of technology on the organization. Woodward found that many variations in organization structure were associated with differences in manufacturing techniques. As Woodward pointed out: "Different technologies imposed different kinds of demands‚ and these demands had to met through an appropriate structure. Commercially successful firms seemed to be those in which function
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Comprehensive Project Proposal Regression Application toward Better Management of Construction Project Budgets Objective This project plans to develop a methodology to estimate future projects’ costs and their appropriate contingency reserves for changing prices in constructional projects. Based on the methodology‚ recommendations will be given in order to change Ministry of Construction’s policies that relates to project budgets‚ and how to deal with the current policies if they are not
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Behavioral Leadership‚ Power and Influence Leadership‚ and Contingency Leadership (“How Leadership Theory Can Work For You‚” n.d.). These theories clarify the specific element of an effective leader that are helpful when leading others. Basically‚ trait leadership theories argue that the common personality characteristics of an effective leader. Whereas‚ behavioural leadership theories emphasize on how leaders behave. However‚ contingency leadership theories concerned with the styles of
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Aman Resorts operates at 26 unique locations all over the world‚ portraying “peace‚ uniqueness and family”. It targets high net worth individuals who like to be out of their normal lifestyle and enjoy their family time relaxed and differently‚ away from the pressures of work. Aman Resorts are located in select tranquil locations and provide a very unique and localized experience. Such uniqueness is the key competitive advantage against other resorts‚ which helps it to retain a lot of its loyal
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