Running Head: Ritz-Carlton Hotel Company Ritz-Carlton Hotel Company Case Study Steven Kane Benedictine University MBA 630: Operations Management August 11‚ 2013 The business problem facing Ritz-Carlton Hotel Company is how to continuously improve quality through quantifiable measures. Quality management in any service industry can be very complicated. Customers do not purchase a good‚ but are looking for an experience that exceeds all expectations. The problem is that each customer has
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Introduction to the Company The Ritz-Carlton Hotel Company is one of the premier hotel management companies in the world today. Their goal of providing world-class service to its guests is rooted in tradition. History The Ritz-Carlton tradition begins in the early 1900s in Europe. Caesar Ritz a well-known hotelier transformed the Ritz Paris and the Carlton in London into the redefined standard of luxury hotels in the early 1900s. Caesar Ritz died in 1918 but his wife continued the expansion
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pressure to prove his mettle. He has been appointed as the General Manager of the Ritz Carlton which will be shortly opening at Washington D.C. the major challenge he faces is from Millennium partners who are the property partners along with Ritz Carlton and are equally responsible for the successful opening of the hotel. There are various issues that have risen out of this management contract is that Millennium accuses Ritz opening with far lower occupancy against their competitors which yields lesser
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geographical regions is critical for strategic planning. The Ritz-Carlton has excelled in establishing their well-known luxury brand across the world by establishing and adhering to their own standards‚ known as the Gold Standards. They have also established a unique set and order of business priority measurements and have one of the best training programs for employees and professionals. These models and practices enable The Ritz-Carlton to deliver consistent superior service regardless the culture
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Ritz Carlton Case Group C-2 Arthur Ferrandez Georg Zollinger Joan Alba Joy D’souza Lisa Wesner Timothee Hochet Q1: What is Ritz Carlton really selling? • First of all‚ it is crucial to have clearly in mind the difference between the two companies involved in the case‚ Millennium Partners and the Ritz-Carlton company; • Millennium Partners: a real estate development group focusing on luxury flats in major US cities‚ which diversified its portfolio by investing in the hotel business. • Ritz-Carlton:
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The Ritz Carlton Hotel Company On October 11‚ 2000 The Ritz-Carlton was on the eve of opening Washington DC’s first luxury hotel in 10 years. The 300 room hotel was part of a $225 million complex owned by Millennium Partners. This would be the first hotel opened of a six hotel deal between Millennium Partners and The Ritz-Carlton. Millennium Partners owned the properties and The Ritz-Carlton was hired to operate the hotels. After only seven days of training the 400 person staff would open the
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Ritz Carlton: The Case for Service Ritz Carlton Case Study Quality management begins with the president and the other 13 senior executives who make up the corporate steering committee and the senior quality-management team. Corporate Management They meet weekly to review: 1. product- and service-quality measures 2. guest satisfaction 3. market growth and development‚ 4. organizational indicators‚ profits‚ and competitive status Corporate Management Approximately one-fourth of each
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Ritz-Carlton Case Study The two different types of (CRM) Customer Relationship Management are operational and analytical CRM. “Operational CRM supports traditional transactional processing for day-to-day front-office operations or systems that deal directly with the customers. Analytical CRM supports back-office operations and strategic analysis and includes all systems that do not deal directly with the customers. According to our text book the primary difference between operational CRM and
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3rd Assignment – Ritz-Carlton Hotel Company How does The Ritz-Carlton create “Ladies and Gentlemen” in only 7 days? The seven days countdown was a result of the evolution and refinement of the hotel opening process‚ which became more solidified in the late 1980s to early 1990s when hotel chain was opening many new properties. The first two days were devoted to orienting employees to The Ritz-Carlton culture and values‚ while remaining five days involved more specific skills training and trial
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articleid=12186 http://www.businessweek.com/smallbiz/content/feb2007/sb20070213_171606.htm http://www.answers.com/Ritz+carlton+hotel?cat=biz-fin 1-What was the total capital budget at the Ritz Carlton Hotel? Capital Budget: Long-term financing and expenditure plan for acquisition‚ construction‚ or improvement of fixed assets such as land and buildings The total capital budget of Ritz Carlton Washington D.C. was $225 million. this hospitality complex covered tow- and a half acres and include 162 luxury
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