Paradise Park
Paradise Park is a theme park that was developed by Francis "Fritz" Hoover. Hoover wanted a place where people could enjoy life and spend quality time together with family and friends. With nineteen convenient locations, Paradise Park was very successful. After markets had moved on to more popular locations, Hoover chose to keep his parks and investments very small so real-estate prices would remain low. In the late 1990's, Paradise noticed that they were losing money. Profits had remained slow and the cost of building new rides sharply increased along with tax and wage increases. The company would have to make changes quickly to avoid filing bankruptcy or become overwhelmed by their competitors. A significant change needs to take place in order for Paradise Parks to stay in business.This poses the question: Should Paradise offer a different type of service to overcome their financial difficulties? Situation Analysis: SWOT- (Strengths and Weaknesses, opportunities and threats) The SWOT analysis helps managers gain a better understanding of the internal and external environments and helps to evaluate the firms fulfillment of its mission. Below is a list of information stating ideas about the SWOT analysts for
Selling the Real-State. Considering that fixed cost went too high, there is an option of selling the property to another kind of business and relocating the business to another place that offers lower fixed costs (labor, real-state tax, insurance, etc.) Competitive - The founder Francis Hoover had to reorganize its attractions around a variety of themes that expressed his vision of idyllic American life-Town square, Frontier world and play land. He later added water parks and syndicated-cartoon theme parks to keep up with his competitors. Technological - The Company would have to keep up with the latest technology and knowledge of new high tech rides.
Some common words found in the essay are:
Paradise Parks, Paradise Park, Upmarket Preferred, Alternatives Recommendations, West Depending, Human Resource, Strengths Weaknesses, Francis Hoover, Technological Company, Real-State Considering, paradise parks, paradise park, preferred customer, preferred customer plan, customer plan, theme parks, selling business, willing pay, park theme park, parks paradise park, preferred plan, economic environment, parks losing, preferred customer program, willing pay price,
Approximate Word count = 1900
Approximate Pages = 8 (250 words per page double spaced)
|
