Premium Essay

Swot and Strategy Evaluation

In: Business and Management

Submitted By TONJA4612EVANS
Words 809
Pages 4
SWOT and Strategy Evaluation Paper
Tonja Evans
September 21, 2015
Steven Mersereau

SWOT and Strategy Evaluation Paper
Gambling in the United States along includes about 3,000 establishments and an annual revenue of a little less than $100,000. Worldwide, gambling generates over $450 billion in annual revenue, according to Global Betting and Gaming Consultants. Gambling industries includes casinos, state lotteries, bingo parlors, electronic betting arcades, electronic horse racing, online gambling and sports bookmakers. This industries includes casino operations of casino resorts and hotels as well.
The demand for gambling is driven by consumer’s growth and state spending and profit depends on efficient operation and effective marketing. The competitive landscape of the industries in the United States is concentrated ad the top 50 companies account for about 60% which lead hotel casino more concentrated and about 90% of revenue out of the 50 companies.
The Product, Operation and Technology is slot machines, table games, such as roulette, blackjack and poker (both table and video) in a place to play games of chance. The operation of casino involves gambling machines, training and supervising dealer and cashiers, entertaining customers, and managing cash. The industry attract and retain customers and some casino business to operate in hotel that can accommodate large numbers of guest such as Las Vegas, and Atlantic City. These hotels can house up to 6,000 hotel rooms with accommodations and open 2,000 slot machines, up to 150 table games, restaurants, bars and retail stores.
State lottery games are sold through special computer terminals at retail stores rented by the state which allow gamblers to guess a randomly drawn number or purchase instant games, such as scratch off. And most state earmark the proceeding from the lottery to social…...

Similar Documents

Premium Essay

Starbucks Analysis (Swot, Strategies and Core Competencies)

...that their customers are very loyal to them. I am a very loyal consumer to them. Amongst all the coffee shops, I prefer Starbucks because they serve excellent sandwiches and pastries plus their ambience is good for studying. Their products are consistently delicious and innovative. Also, according to my research, they have good relationships with their suppliers. And last but not the least, one of the internal primary strengths of Starbucks is that they are the industry market leader   2   with a globally renowned brand. Starbucks has a very aggressive strategy: “Starbucks on every corner” which has allowed them to dominate the market. On the other hand, Starbucks has internal weaknesses too. First, there is an ever increasing number of competitors in a growing market. There is Coffee Bean and Tea Leaf, their main competitor, that offers similar products with almost the same pricing strategy and McCafe, as their indirect competitor, that sells more affordable products. Second, their product pricing. They products are expensive and in a country like the Philippines, their prices are high for an average person. 2. Opportunities and threats: One of Starbucks’ opportunities include opening a new distribution channel. They can provide deliveries or simply add more drive-thrus since there is only one Starbucks drive-thru here in the Philippines. People who buy coffee usually want it to-go because they are always in a hurry or they are busy and have work to do...

Words: 1124 - Pages: 5

Premium Essay

Strategies for Is Evaluation Six Generic Types

...Strategies for Information Systems Evaluation- Six Generic Types Stefan Cronholm and Göran Goldkuhl Linköping University, Sweden Abstract: The aim of this paper is to contribute to the decision of how to perform evaluation depending on the evaluation context. Three general strategies of how to perform evaluation are identified: Goal-free evaluation, goal-based and criteria-based evaluation. Two general strategies of what to evaluate are identified: IT-system as such and IT-system in use. From the three “how-strategies” and the two “what-strategies” we derive a matrix consisting of six generic types of evaluation. Each one of the six types are categorised on a ideal typical level. For each type there is suggested evaluation process model. Keywords: IS Evaluation, IS Assessment, Information Systems, Goal-based evaluation, Goal-free evaluation, Criteria-based evaluation 1. Introduction All over the world there is a huge amount of money spent on IT (e.g. Seddon, 2001). It is therefore important to evaluate the outcome. Evaluation is never an easy task and consequently there are a lot of suggestions for how to evaluate IT-system. Much of the literature on evaluation takes a formal-rational view and sees evaluation as a largely quantitative process of calculating the likely cost/benefit on the basis of defined criteria (Walsham, 1993). There are also interpretative approaches (e.g. Remenyi, 1999; Walsham, 1993). The interpretative perspective......

Words: 6083 - Pages: 25

Premium Essay

Evaluation of Tourism Strategy

...Evaluation of Tourism Strategy Objectives Assessment of the Tourism Board Role of Branding The world is witnessing all the countries trying to be the same infra structurally and through the quality of life. However the objectives for a country to promote trade, tourism and investment are best achieved through difference between all the countries. Countries should shoot questions to themselves asking why other countries would come for investing and for tourism rather than going to other countries. This self analysis will lead to making a country more attractive and recognized worldwide for tourism in the case of this assignment. Asking questions like is the transport system working fine. How effective are the roads leading to tourist destinations. How are the tourist destinations maintained. All these self analyzing questions act as the starting point in branding the nation among the tourism friendly countries in the world. This process of branding will showcase the strength and weaknesses of a country in terms of tourism. However the nation’s brand is not going to be fixed and it is going to evolve in time. Thus even if there are lot of issues to be solved in a country there is no reason to delay branding and it’s the best way possible to position the country in the world. A nation branding is not about coming up with logos, tags and advertisements. It takes much more than that to achieve attracting the customers through recognition and by......

Words: 2364 - Pages: 10

Free Essay

Swot Strategy

...SWOT Analysis President University Strengths * Using English as Lecturing Media * Generate Local and Foreign graduates * Located in the center of Industrial Estate * International Living Environment * Foreign Academic Facilitator * International Curriculum * 6 month internship program * Internship Career Center Support * Provide Dormitory * A lot of Scholarship Chance * Provide 3,5 years graduation | Weakness * Newly comers university * Developing infrastructure and facilities * Not all faculty has A Accreditation * The price is not affordable for all economic level * Far from Capital City * Unclear Alumni Association * Poor Library Facilities * Poor Lab Facilities * Poor Canteen Facilities * Poor Wi Fi Facilities * Slowness to adapt to Change | Opportunities * Located in the center of industrial estate (Jababeka, Agip, Lippo, KIIC, MM2100) * Direct relationship with PT Jababeka * Reducing Cost for Study in Abroad * Development of Jababeka Area is getting better every year * Attract many stakeholder from industry and business area around the word * The best private university in Indonesia * Global Expansion * Alumni works national / multinational company or create their own business | Threats * Quality of government university is increasing every year * Industrial environment will become the treat as well as its opportunities * The raising number of private university which provide better facility and...

Words: 707 - Pages: 3

Premium Essay

Smoke-Free Ontario Strategy Evaluation Report

...Smoke-Free Ontario Strategy Evaluation Report Ontario Tobacco Research Unit November 2012 Smoke-Free Ontario Strategy Evaluation Report Suggested Citation: Ontario Tobacco Research Unit. Smoke-Free Ontario Strategy Evaluation Report. Toronto: Ontario Tobacco Research Unit, Special Report, November 2012. Ontario Tobacco Research Unit ii Smoke-Free Ontario Strategy Evaluation Report Acknowledgements Many people were involved in the preparation of this report. Key authors are Robert Schwartz, Shawn O’Connor, Alexey Babayan, Maritt Kirst, and Jolene Dubray. Marilyn Pope, David Ip, Pamela Kaufman, and Marian Smith provided editorial comments on an earlier draft and Sonja Johnston provided production assistance. The interpretation and opinions expressed in this report are the responsibility of the Principal Investigators of the Ontario Tobacco Research Unit (OTRU):         Susan Bondy, University of Toronto K. Stephen Brown, University of Waterloo Joanna Cohen, Johns Hopkins Bloomberg School of Public Health, University of Toronto Roberta Ferrence, University of Toronto, Centre for Addiction and Mental Health John M. Garcia, University of Waterloo Paul McDonald, University of Waterloo Robert Schwartz, University of Toronto, Centre for Addiction and Mental Health Peter Selby, Centre for Addiction and Mental Health, University of Toronto Ontario Tobacco Research Unit iii Smoke-Free Ontario Strategy Evaluation Report Table of......

Words: 43612 - Pages: 175

Premium Essay

Critical Evaluation of Marketing Strategies of "Maggi Soup"

...MKT301 Section: 001 Term Paper Critical Evaluation of Marketing Strategies of "Maggi Soup" Prepared by: Name | ID | Fahad Amin Quadery | 12104116 | Sajjad Hossain | 12104191 | Redwana Huq | 12104069 | MD. Imtiaz Uddin | 12104057 | Seefat Binte Kabir | 12104089 | Wahidul Islam Siam | 12104261 | Nafisa Nawal Hossain | 12104253 | Submitted to: Md. Tamzidul Islam BRAC Business School BRAC University Letter of Transmittal 3rd December, 2013. Md. Tamzidul Islam BRAC Business School BRAC University Subject: Submission of report for completion of course. Dear Sir, This is to inform you that we have completed our report on Critical evaluation of marketing strategy of Maggi Soup. The term is a summary of how we would analyze our topic. The main purpose of this report is to present our conceptual understanding of the course MKT-301, Marketing Management and demonstrate our ability to apply it in a real world scenario. The report has been prepared for the completion of the course titled MKT-301 – Marketing Management. All your instructions regarding the structure of preparing the report have been adhered to when writing the report and we are willing to shed light on any discrepancies that may arise. Thank you for giving us the opportunity to work on this topic to enhance our insight in this course. Yours sincerely, Fahad Amin Quadery (ID: 12104116) Seefat Binte Kabir......

Words: 5988 - Pages: 24

Premium Essay

Training and Evaluation Strategies for Landslide Limousines

...Required Documentation Within the car service industry there a multiple certifications that Landslide Limousines would need to be in compliance of. These requirements are for the safety and security. (Imani, 2014). Below are the required documents that Landslide Limousine drivers would need: * Valid CDL license * Proof of insurance * Proof of clean driving record Training Evaluation Strategies Now, that we have reviewed the training methods we also have to assess and evaluate the effectiveness of the training. Accoriding to Cascio (2013), evaluation is a twofold process that involves (1) establishing indicators of success in training, as well as on the job, and (2) determining exactly what job-related changes have occurred as a result of the training.” Effective evaluation not only happens at the conclusion of the training, but it happens before training, during training, and after training. The recommended evaluation strategy for Landslide Limousines would be Kirkpatrick’s Four-Level Model of Evaluation. ("Ensure Your Training Is Effective", 2014). 1. Reaction – What does the learner feel about the training? 2. Learning – What facts or knowledge did the learner gain? 3. Behavior – What skills did the learner develop; what new information is the learner using on the job? 4. Results – What results occurred? Did the learner apply the new skills to the necessary tasks in the organization and, if so, what results were achieved. Reaction. This......

Words: 992 - Pages: 4

Premium Essay

Evaluation of Marketing Strategies at General Mills

...Main Title: Evaluation of Marketing Strategies at General Mills Matthew Swygart Indiana Wesleyan University Instructor: Scot Squires 31 May 2015 To recognize when a product may be transitioning to another stage, “The competitive frame of reference defines which other brands a brand competes with and therefore which brands should be the focus of competitive analysis. The range of a company’s actual and potential competitors can be much broader than the obvious. For a brand to grow by entering new markets, a broader or maybe more aspirational competitive frame may be necessary to reflect possible future competitors. In fact, a firm is more likely to be hurt by emerging competitors or new technologies than by current competitors” (Kotler & Keller, 2012, p. 130). Business and growth strategies for food categories that General Mills, Inc. partakes in are highly competitive; “their main competitors have substantial financials along with a large marketing budget and other resources. Not only are they competing with the competitors in the market but also having to divide their market share with generic products produced by grocery wholesalers. To grow in the market segment General Mills, Inc. plans to increase their media spending in order to have stronger brand recognition with their products. They also plan to grow through the multiple joint ventures they participate in. they have a 50 percent equity interest in CPW, which manufactures ready-to-eat cereal products in......

Words: 2202 - Pages: 9

Premium Essay

Swot and Strategy Paper

...SWOT and Strategy Paper PHL/320 6/8/2015 SWOT and Strategy Paper Retail companies, like other businesses, often use SWOT analysis to evaluate their companies. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis for retail is a detailed look at the retailer’s strengths, weaknesses, opportunities and threats vs. there competitors. The internal factors that affect company’s success and failure are the Strengths and Weaknesses of a company. Opportunities and Threats are external factors that show a firms growth. The success or failure all depends on how well the customers see the products being. There are many positives and negatives that retail stores face all the time with product, quality, and customer service. The first step in doing a SWOT analysis for an online retail is indentifying certain strengths that the company has. The strengths a lot of online companies have are unrestricted services/24-7 operation, Labor and time saving, less cost/affordable. On-line shopping can be accomplished without any restrictions. The way technology is with online shopping, gives the consumers the ability to select and purchase whatever at anytime and anywhere. Online gives the ability for the business to offer anytime service which helps for people that can’t make store hours and don’t have an efficient and effective location to go to. Labor and saving time is a big strength for online companies because consumers can save the cost and time. The......

Words: 1194 - Pages: 5

Premium Essay

Swot Analysis and Strategy Evaluation

...SWOT ANALYSIS AND STRATEGY EVALUATION Erica Hite PHL/320 MAY 11, 2015 Linda Fisher-Lewis SWOT ANALYSIS AND STRATEGY EVALUATION SWOT Analysis SWOT is the abbreviation for Strengths, Weaknesses, Opportunities, and Threats. A SWOT Analysis is a planning method that is very structured and is utilized in the evaluation of the strengths, weaknesses, opportunities, and threats of an entity, such as a business organization. Gambling Industry Gambling is the wagering of something of value, usually money, on the outcome of an event (horse races), or a game (lotteries, slots. Table games). Many criticize gambling, gambling still faces many Legal restrictions in the United States. The Gambling industry makes a total contribution of 240 billion U.S. dollars to the U.S. economy annually. The gambling industry directly employs 700 thousand people worldwide. The gambling industry has forecasted to reach approximately 400 billion U.S. dollars in 2015. The following is a SWOT Analysis of the Gambling Industry: Strengths In a SWOT Analysis, strengths are the advantages that an organization enjoys over its competitors. These are the factors that are used by an organization to boost its competency in the market. The gambling industry has many strengths. One of their strengths is their asset leverages. Meaning they get to use their assets to be able to expand their business and improve their market shares. Marketing is very important for the gambling industry. They want...

Words: 1087 - Pages: 5

Premium Essay

Evaluation of St.Lucia Poverty Reduction Strategy

...Evaluation of St.Lucia Poverty Reduction Strategy [Type the document subtitle] 5/2/2011 808011470 807004688 808010033 807001237 807004522 Table of contents -Profile of Country……………………………………………………….3    ~Economic    ~Social - Poverty Profile .........................................................................................9    ~Trends    ~Segments most affected - Detail of Strategy ………………………………………………………16   ~Evaluation of Past Strategy   ~Sustainability - Recommendations and Findings……………………………………….23 Saint Lucia Country Profile The Caribbean island of St. Lucia is made up of a population of approximately 170,000 with an annual growth rate of 0.74%. The demographics of the population is made up of 90% persons of African descent, 6% mixed, 3% East Indian and 1% Europeans. Their religions include Roman Catholic, Seven Day Adventists and other various Protestant denominations. The official language of St. Lucia is English although French patois is common across the country. The literacy rate among adults is a high percentage of 94.8%. In terms of health, St Lucia has a infant mortality rate of 12/1000 and the life expectancy of men is 73 years and that of women is 76 years. Unemployment rates are approximately 15.7%. Their style of governance is that of Westminster- style parliamentary democracy having gained their independence on February 22nd, 1979. In terms of the economy, St. Lucia has......

Words: 7638 - Pages: 31

Free Essay

Circle Swot and Strategies

...hấp tẩy cùa Cosmo Laundry. * Thanh toán nợ cho công ty ACS (ACS - Dịch vụ thu hộ dành cho khách mua hàng trả góp. Khi khách hàng muốn mua các sản phẩm nhưng chưa có đủ tiền, một số cửa hàng điện máy hoặc vi tính có chương trình mua hàng trả góp liên kết với công ty ACS. Qua đó, ACS sẽ cho bạn vay để mua hàng và trả góp hàng tháng) 3. Dịch vụ sau khi bán * Điểm mạnh: Điều đặc biệt hơn cả và mang rõ nét tính tiện lợi của Circle K là bạn có thể dùng ngay tại cửa hàng vì chúng tôi có phục vụ nước sôi hoàn toàn miễn phí cho bạn, có thể thưởng thức mì, miến,hay phở một cách dễ dàng và nhanh chóng chỉ trong vòng 03 phút. * Điểm yếu: chưa có dịch vụ nào khác. Kết Luận của chuỗi giá trị: E. Mô hình IE và SWOT I. Ma trận IE 1. Ma trận EFE Các yếu tố thuộc môi trường kinh doanh bên ngoài | Mức độ quan trọng | Phân loại | Điểm quan trọng | Mức tăng trưởng kinh tế thấp | 0.02 | 3 | 0.06 | Tình trạng lạm phát cao | 0.005 | 2 | 0.01 | Lãi suất vay vốn kinh doanh, mua bất động sản thấp | 0.005 | 3 | 0.015 | Lao động trẻ, rẻ, dồi dào, có trình độ | 0.06 | 4 | 0.24 | Sức mua của người dân, Niềm tin vào kinh tế thấp | 0.04 | 2 | 0.08 | Thiếu lao động quản lí cấp cao | 0.01 | 3 | 0.03 | Tỷ giá hối đoái tăng dần | 0.005 | 2 | 0.01 | Chính trị ổn định, an ninh | 0.02 | 3 | 0.06 | Nhà nước có chính sách khuyến khích đầu tư | 0.01 | 4 | 0.04 | Thủ tục đăng kí rườm ra, phức tạp | 0.03 | 2 | 0.06 | Hệ thống pháp luật chưa......

Words: 17218 - Pages: 69

Premium Essay

Swot and Strategy Evaluation Paper: Gambling

...SWOT and Strategy Evaluation Paper: Gambling PHL/320 07/21/2015 SWOT and Strategy Evaluation Paper: Gambling Fancy cars, extravagant vacations, expensive jewelry, and a bigger house; we all wish for these things and wonder how we will ever make them a reality. Growing up we all heard that ‘the grass is always greener on the other side.’ This is even truer as an adult since we all want something that we don’t have. To some people, gambling is the only way that dream will ever happen. All they need to do is win one more time or win just a little bit more money. However, most people will not stop at just one more time. It turns into a never-ending cycle. If it is used for the good of society it can be a completely healthy hobby that really adds to society. |Strengths |Weaknesses | |Gambling become socially acceptable |Large capital investments | |Key source of revenue for States |High debt-to-equity ratio | |Increased US tourism spending |Gambling addiction | |Increased casino hotel revenues |Gambling can lead to health issues ...

Words: 1106 - Pages: 5

Premium Essay

Swot and Strategy Evaluation Paper

...SWOT and Strategy Evaluation Paper PHL/320 April 25, 2016 Chris Mendoza SWOT and Strategy Evaluation Paper In today’s world, smart phones has become a vital part of daily life as is having a internet at home and work. The Telecommunications Services has three sectors of business which include wireline, wireless and technology. With today’s globalization, most businesses have difficulty without the services of the technology. Although even today, smart phone usage does not account for the large numbers of families without direct access to the Internet. Due to reductions in price for usage and the ease of use from satellites and fiber optics, Internet now provides easy access to users all the over the world. The Telecommunication Industry (Telecom) is providing fast and easy access to Internet and other related services to everyone, including businesses, homes and access wirelesly. The various companies in this Industry are providing services through wired and wireless connections. The major U.S. companies are: Verizon, AT&T and Comcast. Japan based are Nippon and Telephone cooperation. Italy provides Telecom Italia and Telefonica from Spain. Broadband development is on the rise all over the world and in Nigeria it has become a new growth frontier for their nation’s economy (Azeez, 2016). The profitability of the organizations in this Industry depend on how it markets its services and efficiency of operations. The bigger providers are earning profits on a larger scale......

Words: 1118 - Pages: 5

Premium Essay

Online Gambling Swot Evaluation

...SWOT: Online Gambling Jonathan Moore PHL/320 April 6, 2015 Aileen Smith SWOT: Online Gambling Gambling has always been a form of entertainment in the United States. Visuals of gambling by means of poker have been displayed as far back as the 1800’s in the days of the “Wild West”. Statements can be heard on the playground of elementary schools by kids saying “I bet you…” Sometimes these stakes are small and sometimes they are large. The total gambling industry is a large profit maker for many people and covers many different forms of betting such as legalized casinos, state lottery drawings, and sports wagering. Unfortunately, in the United States, gambling is still frowned upon when done online. However, is online gambling a completely negative form of allowing individuals to take part in their gambling ways? SWOT Analysis [pic] The biggest strength for the push to legalize online gambling is that there is a total worldwide revenue for gambling in the amount of $400 billion. This is an amount that has the potential to grow by allowing more customers a chance to log in and entertain themselves in the privacy of their own home. Estimates show that this revenue can reach over $500 billion by only expanding throughout Asia. The U.S. gambling, or gaming, industry consists of about 500 casinos, about 450 Indian casinos and bingo halls, and lotteries in about 40 states with combined annual revenue of about $85 billion (First Research,......

Words: 1164 - Pages: 5