Dexter Holman October 16, 2011 CBAD 478 Rotary Cove Beach: Practice Case Analysis Rotary Cove Beach, of Goderich, Ontario, is troubled due to not having direct revenue streams, which in turn causes the beach to lose money on a yearly basis. The YMCA acquired the Cove’s operations in 2003. More recent, the Goderich Town Council gave a $20,000 donation for operations, but the unprofitability of the Cove has caused the Council to reevaluate whether they should spend taxpayers money on a tanking beach. The branch manager, for the area YMCA, was forced into a mandating of a $370,000 net loss allowance. This mandate resulted in the YMCA trying to come up with ways the Cove could become profitable based on its’ present situation. Internally, …show more content…
First, the competitors’ audience seems to be the adult crowd, which provides as an opportunity and suffering for the Cove. They are more family oriented and therefore less directly affected, but the adult night life seems to be more of a profitable success factor in the industry. This establishes there next threat which is the competition’s high vertical integration. The competition brings in a direct revenue stream from the nightlife around the beach. Also for the future of the industry, if the economy gets better tourists may want to go outside of public beaches and go to the private beaches in the industry. These external factors show the industry norms and how well the Cove is doing in the industry.
My first recommendation would be for YMCA to try and sell the company. My first reasoning behind this statement is that YMCA’s strategy is not aligned with what the task provides. YMCA has aims for providing recreation for lower class families, which would be impossible if the Cove expects to gain any profits. YMCA is not the correct organization for the profit success of that beach. Another reason for my reasoning was the low industry attractiveness. The growth potential for the industry is very low and the degrees of risk and uncertainty are high. This in itself is reasons to leave the industry but overall the profitability is low. Both reasons provide a solid motive to sell and get out of the industry. My next recommendation would be to raise money in the YMCA’s
This report demonstrates the current financial situation for the Stratton Township Park and makes recommendations for the annual program budget for the next fiscal year. We first show the current annual budget program, indicating line-item details for each function by account and summarizing the park budget as a whole. Second, we find the break-even points for the golf course green fee and the pool admission to determine what the park would have to charge in order to cover expenses of the these operations. Next, we calculate the marginal revenues and expenses to determine the impact of shutting down certain programs in the park. Lastly, this report prepares the revised budget for the upcoming fiscal year based on our recommendations.
The issue that Coral Divers Resort (CDR) is facing is that it has been unable to distinguish itself from other resorts in the New Providence, Bahamas region and has been experiencing declining revenues and unprofitability for the past three years as a result. Other resorts that have been able to specialize in certain segments of the diving industry have been doing well over the past years as the industry continues to grow. CDR must look for opportunities in the diving industry to find a unique niche and gain a competitive edge that will lead to an increase its revenues. The SWOT analysis (Exhibit 1) looks at the current state of CDR and the environment it is operating in.
The author of the paper, Daly, while arguing against the maintaining of marine parks, brings forwards other people’s views as evidence to some very good points to support his position. Apparently, in Australia such Marine Parks are not easily accessible to a population which is largely city based, and consequently, equally inaccessible to the tourists, whom visit the country. Also the exorbitant fees may actually be out of the budgetary means of many tourists. It has been suggested that many tourists come to Australia, specifically to visit such marine parks. The country is an Island, surrounded by an ocean, an ocean full of marine life. Also a very healthy marine tours industry that
Port Royal was one of the first settlements established in British North America. Located in the Annapolis Valley of Nova Scotia, the settlement was founded by the explorer Samuel de Champlain in 1605 (Parks Canada 2011). It is obvious that the geography of the location was essential in its being chosen for the fort. The land on which the fort was built is flat, but on a peninsula, so one could see any invaders approaching by water. Port Royal is located on the Annapolis River of the Annapolis Basin in the Bay of Fundy. Because the fort was on the water, both the shipping and fishing industries were supported. The water of the nearby Allains River also both supported and powered a grain mill (Parks Canada 2011). The heavy forestation of the
This report will discuss the beach of Glenelg on the coast of South Australia. Aspects that will be elaborated on are the history of Glenelg, the location, natural processes that affect Glenelg, human impact at Glenelg, stakeholders in Glenelg, summary of management strategies that have been employed in the past and an evaluation of strategies that could be considered for the future management for Glenelg.
NOCO Soccer Academy is a successful youth soccer training program is the market that Dyer has been targeting. Dyer wants to grow his business enough to reach his strategic goal of building a sports complex for his business to occupy. Dyer needs to double his business in order to support this goal. In using S.W.O.T. analysis to evaluate NOCO’s current situation it is clear that NOCO has a number of things working for it already; customer retention is very high, awareness of NOCO in its’ current market is close to 100 percent and Dyer has access to enough trainer resources to continue his company’s growth. Some of the obstacles NOCO faces in working toward expansion are loss of customer base to high school sports programs after they
Porter’s 5 forces model allows to analyse the factors outside the Cruise industry that influence the nature of Carnival competition within it, the forces inside the Cruise industry that influence the way in which Carnival compete, and so the company’s likely profitability. With an understanding of where power lies, Carnival can take advantages of a situation of strength, improve a situation of weakness and avoid taking wrong strategies. Porter has identified five competitive forces that shape every industry and every market: bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes and rivalry among competitors. A sixth element has also been added
Martin Menard and Mirella Craciun currently work as personal trainers out of Body Worx, a personal training facility in London, Ontario. Menard and Craciun are interested in leaving Body Worx and opening their own facility – Elite Personal Training (Elite). Both trainers are certified by the Canadian Association of Fitness Professionals which will allow them to charge a higher price, as some competing trainers do not have this qualification.
A week later, the state passes a new law that reads "Because we don't believe that we are capable of managing integrated swimming, beach and golf facilities, we are hereby closing all such
The Chesapeake Bay is a 200-mile-long estuary extending from Norfolk, VA to Havre de grace Maryland. On average this bay contains about 68 trillion liters of water. This bay is the largest estuary in North America. It inhabits more than 3,000 species of plants, animals, and fish. “Since the early twentieth century, the Chesapeake Bay has experienced serious environmental degradation. Problems include large reductions in sea grass, reduced amounts of finfish and shellfish (especially oysters and crab), seasonal depletions in dissolved oxygen, and increases in sedimentation.” (Atkins & Anderson, 2003) These changes are brought on by pollution (Eutrophication and Toxic Contamination), development, deforestation, and agriculture. And according
NOCO Soccer Academy is a successful youth soccer training program is the market that Dyer has been targeting. Dyer wants to grow his business enough to reach his strategic goal of building a sports complex for his business to occupy. Dyer needs to double his business in order to support this goal. In using S.W.O.T. analysis to evaluate NOCO’s current situation it is clear that NOCO has a number of things working for it already; customer retention is very high, awareness of NOCO in its’ current market is close to 100 percent and Dyer has access to enough trainer resources to continue his company’s growth. Some of the obstacles NOCO faces in working toward expansion are loss of customer base to high school sports programs after they reach 14
"The Open Boat," by Stephen Crane, has been critiqued and deconstructed by many thinkers. One such critique is "The Dialogic Narrative of `The Open Boat'." This critique on Stephen Crane's "The Open Boat," was written by two authors: Sura P. Rath and Mary Neff Shaw. The authors focused on a five main points in the duration of this Critique. First Mikail Baktin's theory of the "Five basic types of discourses," are discussed and used in the deconstruction of "The Open Boat." The critique then delves into the use of first-person actor-character to third person spectator-narrator. Shaw and Rath then annotate the tonal quality of "The Open Boat." Fourthly the critique characterizes and analyzes the key figures of the Novel. Lastly
Presented exhibits determine four main segments of the cruise tourism market – contemporary, premium, luxury and destinations. The pattern of market segmentation in this market can be described as clustered preferences based on the natural market segments which will be discussed. It is important to note that major players in the industry develop several brands allowing them to cater to the different segments.
The cruise industry provides an increase of tourism industry within the ports and its country. For example, restaurants, hotels, taxis, theme parks, museums, shops, taxi drivers and travel guides are all positively affected as it will increase local employment within the city and its ports. Anyhow, cruise industry will brings large sums of revenues to the local city and governments. That is why, I think this enhances the relationship with cruise companies and Politicians will be efficient both sides.
In this section we look at who are our competitors in the same industry and how can we gain the large portion of the market share and profits. However, if the level of competition becomes too high it can ultimately lead to a decrease in profits. There has been an increase in the amount of competitors on the tourism industry over the last 10 years, with the introduction of online sales and new airlines. For the tourism industry the level of competition can be quite high as