The Big Bucks Corporation and Consolidated Industries, two major corporations have just merged. The two companies have picked Nashville, Tennessee as their desired location for a six-day planning meeting bringing together the upper management, which will now consist of 250 executives. Nashville, Tennessee is a great location for a meeting, there is plenty to do and lots of DMCs that can help me plan companion programs, trips and tours for the wives of the executives. Destination Nashville, is a global DMC partner as well as the Gaylord Opryland Resort’s go-to for anything events related. They specialize in Meet & Greets, Tours, and VIP Activities, Shuttling and Transportation, Evening and Daytime customized services for all types of guests. Blue Spark Event Design has a Nashville location. They strive to create more for the guest traveler to Nashville and specialize in historical tours, sports tours, museum visits, and of course anything to do with country music. Blue Spark Nashville can also help companies with meeting planning, site selection, hotel sourcing and contract negotiation, registration, and if necessary audio visual requirements. Now, saving the best for last, The Key Event Group is Nashville’s premier DMC. They pride themselves on delivering creative, high impact events and have been doing so since 1978. In conjunction with their high impact events, they also do team building activities, Full, Half Day, Pre and Post meeting Tours, they visit historic Nashville sites, as well as plenty of sporting options. They too, specialize in Meet & Greets. I believe that each of these DMCs would make a great choice simply because they all offer pretty much the same thing. The only differences would be how long they have been oper...
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...est last memory of Nashville. This will give the ladies a chance to get any souvenirs or a pair of real cowboy boots to remember their stay in Nashville by. The busses will leave around 8:45am so as to get to the stores right as they open, before the crowds get too thick and the tidal waves of tourists flood the area. Then around 1pm, boarding of busses will begin and we will return to the hotel, leaving the wives to spend the rest of their day as they please.
This business turned fun trip to Nashville, Tennessee definitely would not have been possible without the knowledge and expertise of The Key Event Group, Nashville’s premier DMC. It is for trips like these that truly show why these DMCs are so important and helpful to our industry. These mini-events, trips, tours and companion programs further show why The Key Event Group truly is Nashville’s Premier DMC.
On April 4, 2008 Goldman, Sachs & Co. submitted a prepared prospectus for Dollar General Corporation. According to the prospectus, Dollar General is the largest discount retailer in the United States by number of stores. They serve a broad customer base and majority of products are priced at $10 or less and approximately 30% of products are price at $1 or less. They believe that their combination of value and convenience is what has kept them ahead of their competitors since opening in 1955. Dollar General has had substantial growth in recent years, growing their number of stores from 5,540 as of February 1, 2002 to 8,229 as of February 2, 2007. This growth encouraged Richard Dreiling,
In the past decade, Hormel has expanded their portfolio, primarily through acquisitions, and has slowly begun to deviate from their core competencies in beef and pork. These new ventures are requiring new inputs for hormel such as peanuts, avocados, and tomatoes. Cultural attitudes towards products and rapidly changing demographics both domestically and abroad present the biggest opportunities and threats. In addition, growing pressure on natural resources means that securing high-quality supplies of critical raw materials in the long term is of paramount strategic importance. Moving Hormel’s products and competencies abroad as part of a transnational strategy is crucial. A series of pre-emptive strikes should be implemented in order to seize
A merger is a partial or total combination of two separate business firms and forming of a new one. There are predominantly two kinds of mergers: partial and complete. Partial merger usually involves the combination of joint ventures and inter-corporate stock purchases. Complete mergers are results in blending of identities and the creation of a single succeeding firm. (Hicks, 2012, p 491). Mergers in the healthcare sector, particularly horizontal hospital mergers wherein two or more hospitals merge into a single corporation, are increasing both in frequency and importance. (Gaughan, 2002). This paper is an attempt to study the impact of the merger of two competing healthcare organization and will also attempt to propose appropriate clinical and managerial interventions.
It is proper to present a business definition of merger as it found on legal reference with the ultimate goal in the pursuing of an explanation on which this paper intents to present. A merger in accordance with the textbook is legally defined as a contractual and statuary process in which the (surviving corporation) acquires all the assets and liabilities of another corporation (the merged corporation). The definition go even farther to involve and clarify about what happen to shares by explaining the following; “the shareholders of the merged corporation either are paid for their share or receive the shares of the surviving corporation”. But in simple terms is my attempt to define as the product or birth of a corporation on which typically extends its operation by combining with another corporation. So from two on existence corporations in the process it gets absorbed into becomes one entity. The legal definition also implied more than meet the eye. The terms contractual and statuary, it implied a process on which contracts and statuary measures emerge as measures to regulate, standardized, governing or simply at times may complicate whole process. These terms provide an explicit umbrella and it becomes as part of the agreement formulating or promoting a case for contracts to be precedent, enforced or regulated in a now or in the future under a court of law under the Contract Business Law Statue of Practice. As for what happens to the shares of the involved corporations no more explanation is needed as the already actions mentioned clearly stated of the expectations of a merge’s share involvement.
Hilton Worldwide carries out business through three segments: (1) management and franchise; (2) ownership; and (3) time-share. These business segments enable management to capitalize on strengths like brand recognition and economies of scale. The company focuses primarily on the management and franchise segment which consist of 3,918 hotels with 610,413 rooms. Managing the properties, rather than owning them, allows the company t...
Technology has created a major impact on the way in which all organizations market their products and services. With the development of the internet, companies are now able to economically market themselves on a global level. Even smaller companies that were once not able to capture international business due to the cost factor can now do just that. The Washington Plaza Hotel is no exception. The hotel industry in DC relies heavily on tourism as a major part of its client base. Many of these tourists who visit the city are of foreign nationality. It is important that the Washington Plaza Hotel targets these people when marketing the company. Not only do they target the tourist but they also target the international business travelers that come to the city on business related trips. The hotel's website, which gives detailed information about the hotel's accommodations and services, can be accessed by potential customers all over the world. In addition, the Washington Plaza Hotel has teamed up with such web-based travel services like Orbitz, Expedia, Travelocity, Etc. in order to capture more of the global market. Before the existence of the internet, the global market was not easily reachable. Technology has the greatest affect on marketing for many organizations and certainly for the Washington Plaza Hotel as well as the hospitality industry itself.
...essee and the capital of country music. Many historic sites are the battlefields. Tennessee’s highest courts are the state supreme court and court of appeals, and some of the buildings in Nashville look like they could come from Athens, Greece. Some of the agriculture are soybeans, cotton, tobacco, and livestock. Great Smoky Mountains National Park, in Tennessee, is the most visited national park. Some famous people who live or lived in Tennessee are Davy Crockett, Morgan Freeman, and Dolly Parton. These are some of the businesses Tennessee and fun facts about the state.
Companies merge and acquire other companies for a lot of strategic reasons with different degree of success. The success of a merger is measured by whether the value of the acquiring firm is enhanced by it. The impact of mergers and acquisitions on organization can be small and big in other cases.
When two companies decide to combine forces and become one bigger, richer mega company, it is called merging. This process forms a new company, combining the money and ideas of what used to be two different entities into one. This, however, is not the only thing that results from merging two different companies, and since we will be discussing the merging of two companies in the pharmaceutical industry, the impact will be incredible. Of course, the merging of two companies will not only have positive impacts but it will have many negative side effects as well. Furthermore, depending on the size of the merging companies and the goals of the people leading these companies there will always be contradictions according to the long-term goals or short-term goals depending on what both parties’ interests are. Our company, Verduga Inc. is contemplating to merge with Coronado-Salinas Inc., so before we rush into such a merger we must contemplate the positive and negative aspects of such a move. When it comes to mergers there are always many possible positive and negative impacts due to the effects of merging; these effects more widely impact the fields on research and development, on employment and management, stocks and shareholders, monopolization, and ingenuity.
Rawlinson, J. (2013). Music Festival Tourism Worldwide - International - June 2013. Retrieved 02 28, 2014, from Mintel Report: http://academic.mintel.com/display/643783/
In recent years, business tourism has become increasingly prevalent and prevailing in the tourism industry. There are large quantities of significant changes which have far-reaching implications for all consumers and suppliers of business travel such as consumption patterns, great developments in transport and communications technology, and the world´s political and economic changes related to tourism industry. All these developments have brought large effects on business travel as well as the main challenges to this sector for the coming years. Every day, tens of thousands of people are beginning or ending their business trips all around the world, while numerous conferences or exhibitions are being held globally, so business tourism is a
So, furthermore, it is quite easy to enter and exit the market however, brand loyalty can influence how well your event planning does in the industry. Thus, consumers tend to look at the level of knowledge, expertise, and experience many event planning businesses entails in order to differentiate one from other competitors. Therefore, you tend to see that many consumers generally base their decisions and choices on if they have utilized the services previously, does the company have a great reputation, is the company known for exceptional services and events, and does other consumers speak highly about the business. All these factors contribute to how well a company excels over its competitors in the market. Moreover, these attributes and qualities brings forth and bridge brand loyalty among its consumers and potential consumers looking for quality services and companies within the event planning business and causes many event planning businesses to stand out and reign supreme over others. All the more making it harder for other incoming event planning business to excel due to others in the industry have the upper hand when it comes to knowledge and expertise according to many
Bollenbach, who had a reputation for creating innovative financial structures in the hotel industry, proposed a radical restructuring for MC. Bollenbach’s proposal included breaking MC into two separate entities. The new company would retain the service businesses of MC and have the financial strength to raise capital and take advantage of various investment opportunities. On the other hand, the old company would retain the hotel properties and the pressure to sell properties at reduced prices would be greatly lessened. This drastic restructuring proposal, deemed Project Chariot, had to be evaluated by J.W. Marriott before he went before his board of directors with his ultimate recommendation. Thus, Marriott planned to review the company’s past financial history that led to their current position; evaluate Project Chariot’s advantages, disadvantages and value; determine the bond risk involved if Project Chariot was accepted and finally consider alternative recommendations.
It would take time before I could build the necessary relationships with the venues, photographers, linen and design companies, entertainment businesses, and so many others. I would be able to organize and budget for all of the different vendors I would hire, but I do not have any relationships with them being inexperienced in this industry. If I were to start in the event planning industry tomorrow, I would need to utilize as many resources as I can in order to build the key relationships with vendors in the Peoria