Gening Group: An Overview Of The Genting Group

Genting Berhad is the parent company and holding company that manages investment in others Genting companies around the world. The Headquarters was in Malaysia, and this multinational corporation companies started from humble beginnings in 1965.

The relationship between employees and companies are becoming more and more complex all over the years. This relationship is extremely important since it directly affects how the employees fells about the organization, what are their attitudes about the company and how they effectively perform in their jobs.

It could be much beneficial for the company considering its future growth and development (Campbell & Rahman, 2010). The company management should give fair chances to the other employees to convey their views in the board meetings so that the overall situations and issues could be handled together. In modern governance and alliance management systems the employees and the customers get the highest priority (Czinkota et al, 2009). Thus the company should focus on giving importance to its employees to achieve better contributions from them for the benefit of the organization. Products and customers of a business are its main factors for its profit, thus the company should be more innovative and active to design and introduce new products in justified prices so that the customers do not lose their loyalty to the company brand and products (Davenport, 2009).

As companies continue to try to come up with a plan for remaining profitable, some are overlooking one of their best opportunities due to their short sightedness and obsession for short term gain. It is the very asset which most firms claim is their most important and the one which provides them their competitive advantage. It is also, in some companies, the asset which is most mistreated and neglected as it is the most costly. It is the company’s employees. I don’t know of any company which would not state that employees and their knowledge of the company, its products and services, processes,

We want to maintain a close working relationship with all our employees based upon cooperation, common goals, and providing the best possible working conditions we can.

These ideas have been carefully analysed and a number of options were considered extensively. The preferred option for investment that fits with the allocated strategy and budget is Aurora Resorts in Scandinavia Peninsula.

carefully assessed. The objective of this tourism plan is to show the possibility of developing a

Employers must invest into the driving forces of the organization, the employees, in order to reach the goals set forth.

Tourism is somewhat popular in East Timor. Travel sites and companies have created new advertising for the Timorese hotels and results. The government has also improved infrastructure, airports, as well as preserved areas of the natural landscape. The natural beauty of the island makes it attractive to exotic travelers. East Timor as gone to great lengths to establish their government, however the people of East Timor are not particularly skilled and the island lacks high land area for commercial agriculture. For foreign investors, there is no specific benefit for placing very heavy industries in East Timor. In the future, I project a large growth in the tourism industry specifically, making it a

build value within the organization. If employees feel the company cares about their by well-

For an organization to thrive, a clear vision, mission, and set of core values must be developed and instituted. To a certain extent, employees at all levels of the organization should be involved in the process. Solely having upper-level management develop such organizational identities does not accurately reflect the entire organization. Also, having employees contribute to the process allows them to align their own ideologies with that of the company. Studies have found that “workers in the most profitable companies have directly linked their own values, abilities, goals, personalities and interests to what they perceive are the values, abilities, goals, personalities and interests of the companies for which they work.” Consequently, the involvement of the employees results in greater job satisfaction.

As the Company promotes good corporate governance, the employees are committed in maintaining a high level of transparency or openness for

Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).

Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the

Tan Sri Lim Goh Tong (February 28, 1918 – October 23, 2007) was a prominent wealthy Chinese-born Malaysian entrepreneur. He was renowned for his vision and courage in transforming Genting Highlands from an unexplored hilltop into one of the world’s most successful casino resorts. He founded the Genting Group in 1965 to build the hilltop resort, which opened with a single hotel in 1971 and expanded to include, in addition to casinos, several hotels, a theme park, a golf course, and a convention centre. He was once the third richest man in Malaysia with a net worth estimated to be 4.2 billion USD. The government of Malaysia honoured Lim with the title Tan Sri in 1979.