locates in the US and Canada about 80% of its owned or managed properties‚ Starwood has there a comparatively lower percentage‚ around 60%‚ and instead claims a stronger international presence that returns around 35% of its total room revenues. This difference has been seen as one of the reasons for Marriott to buy Starwood‚ as we are going to explain later. The data on brands divided by business segment confirm also that Starwood proves quite weak compared to Marriott in the limited or select service
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Describe the SWOT analysis and the VRIO model and compare them. Highlight their main similarities and differences. (25 points) (A 1½-page response is required.) Student’s Response The SWOT analysis is used to describe the Strength‚ Weaknesses‚ Opportunities and Threats that face a corporation. The purpose of this analysis is to identify the particular competencies that the corporation has as well as to identify the opportunities that they are facing but unable to take advantage of due to the
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Starwood Sales and Operations Planning 1. Accounting/finance‚ marketing‚ operations and information systems all have roles and inputs that are part of the planning process. Corporate marketing is responsible for evaluating historical corporate and industry seasonal demand trends. Forecasting is used to estimate demand fluctuations to tailor vacation packages‚ seasonal discounts‚ for operations service resource plans to synchronize the flow of services‚ materials and budgetary cash flows. Internal
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Distinctive Competencies The VRIO analysis is helpful in determining if a resource or capability leads to competitive advantage (Middleton‚ 2004). Resources/Capabilities Valuable? Rare? Costly to Imitate? Exploited by Organization Competitive Implications Strength or Weakness Key Account Management Initiative Yes Yes Yes Yes Sustained Competitive Advantage Strength and Sustainable Distinctive Competence Recruitment Process Yes Yes No No Temporary Competitive Advantage Strength and Distinctive
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STARWOOD STRATEGY FRITS VAN PAASSCHEN // CHIEF EXECUTIVE OFFICER ©2012 STARWOOD HOTELS & RESORTS WORLDWIDE‚ INC. | Proprietary & Confidential 75 FORWARD-LOOKING STATEMENTS These presentations contain forward-looking statements within the meaning of federal securities regulations. These forwardlooking statements generally can be identified by phrases such as Starwood or its management “believes‚” “expects‚” “anticipates‚” “foresees‚” “forecasts‚” “estimates” or other words or phrases of
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THE WESTIN PUNE‚ INDIA INDUSTRAIL TRANING REPORT ABHIJIT.MANE YCMOU -2nd YEAR INSTITUTE OF ADVANCE MANAGEMENT‚ GOA INDUSTRIAL EXPOSURE TRAINING REPORT ACKNOWLEDGEMENT I would like to convey my sincere thanks to all the people who have supported me in making the project and especially to all my faculty member and Mr.Anuraj.Bhatnagar & Mr.Sanjay.Kumar for accepting me as a trainee
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W Hotels W Hotels is Starwood’s luxury lifestyle / boutique hotel brand. Marketed towards a younger general crowd‚ the hotel brand was launched in 1998 with its first property‚ W New York‚ opening at 541 Lexington Avenue. The brand has since expanded internationally with properties opening first in Mexico City‚ Seoul‚ and Istanbul. The brand’s first resort property is W Maldives Retreat & Spa. The group has now 52 hotels all over the world‚ also in countries like Taiwan or Chili. In order
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York City in 1998‚ W Hotels quickly achieved success as a New York phenomenon before evolving into the global powerhouse it is today. Signature programming‚ future-forward design and a devoted guest following‚ all backed by the power of Starwood Hotels and Resorts‚ have made W the leading lifestyle brand that continues to outperform the competition. W Retreat & Spa – Vieques island GLOBAL POWERHOUSE W hotels are in the most dynamic international gateway cities — Istanbul
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Competitors VRIO Analysis: Jack N’ Jill VRIO Capability Cream-O Vanilla-cream filled chocolate sandwich cookies 30g (Product) Valuable? Rare? Costly to Imitate? Organized? No Result: Competitive Disadvantage It is not valuable because Cream-O is often seen as a substitute of Oreo cookies. Jack N’ Jill VRIO Capability P8.28 (Price) Valuable? Rare? Costly to Imitate? Organized? Yes Yes Yes Yes Result: Sustainable Competitive Advantage 10-packs of cream-o is only worth P62.50 which is less costly
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Case Summary: Hilton Problem: From the case‚ we know Hilton is currently using the marketing penetration by focusing on business travelers. And now the expensive loyalty-program features that are added by Starwood Hotels and Resorts Worldwide Inc. for attracting more business travelers is threatening Hilton by increasing Hilton’s cost or decreasing Hilton’s market shares. Solution: In my opinion‚ in response to the Starwood’s strategy‚ the solution for Hilton’s dilemma should be market development
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