Module 4,5,& 7 Strategic Management Essay Example | Topics and Well Written Essays - 750 words - 1

Module 4,5,& 7 Strategic Management - Essay ExampleGeographically, U.S. entertainment / gaming spread is limited, basically, to Las Vegas, Illinois, Mississippi, New Jersey, and Atlantic metropolis. City councils, reluctant to provide development properties and licenses to casinos / hotels, constitute a major drawback for entertainment / gaming industrys expansion plans. Expanding abroad is one strategy entertainment / gaming major players resort to in determine to make up for slowing returns inside and to avoid prolonged licensing procedures. Further, given heavy investments in authentic estate developments, a typical entertainment industry strategy for growth (Ross, Keeffe, & Middlebrook, 2006), market expansion base on property development is both an opportunity during booms and a threat during recessions and economic down turns (Stein, 2009). granted no public mission statement exists for Mandalay Resort Group, Mandalays vision should build upon companys founders sentimention of fun, play, and entertainment. Future actions by Mandalay should center on insights possibly translated into following set of goals and objectives1. Expanding on concept of entertainment such as to, on one hand, approach gaming players (e.g. Nintendo) whose main target (teens, upstart adults, and family) borders on Mandalays (e.g. themed parks, play areas, and low roller clients) and to move away from wrong-doing characterization associated with gaming and shimmer industry upon entering markets (e.g. Middle East) whose local cultures regard gaming and enjoyment of it as sinful, on another.3. investment funds wise in real estate developments especially in local market (i.e. U.S.) in which gains achieved during booms cannot be guaranteed at sustainable levels during recessions and downturns let alone negative public image impressions of a luxurious speediness / development, working great as fun and entertainment destinations during booms, but questioned as extravagancies and spoils during hard