With all the discussion about what Exc are doing a good job and which ones don't, who makes the right decisions and who makes the wrong ones. I wanted to bring to the table an activity from my business class (Slightly modified)
You have been put in charge of the Magic Kingdom. Just like the previous Vice President, you are given a budget that you can spend on the park. For Simplicity, we will use the term Dream Points (DP).
You have a budget of 250 DPs for the year, how would you split these among the following categories:
1) _Attraction research and development
2) _Attraction maintenance
3) _Attractions labor
4) _Entertainment labor (non-equity)
5) _Entertainment labor (equity)
6) _Entertainment labor other (techs etc)
7) _Merchandise diversity
8) _Merchandise Labor
9) _Food and Beverage Labor (quick service)
10) _Food and Beverage Table Service
11) _General Park maintenance
12) _Horticulture
13) _Atmosphere (Back ground music, etc)
14) _On the job training
15) _Company traditions training
16) _Infrastructure (water pipes, street lights, roads etc)
17) _Park Security
18) _Cast Recognition
19) _Custodial
20) _ Community donations
21) _To be held for future needs that come up throughout the year
Remember these things. You are running a business and your business decisions will be graded by the following parties
a) Stockholders (Profitability)
b) New Guest (Likelihood to Return)
c) Established Guest (upholding expectations)
d) Castmembers (happiness of working)
e) Community (local goodwill)
In my class we had to do something similar to this activity in the begining of the sememster, every week, we had to choose an 'event' out of a bag that would happen to our company, we then had to adjust our budget and try to appease everyone. The 5 groups were rating our deccisions on a 10 point scale, the goal was to make everyone happy.
I won't be giving you events, but I thought it might be interesting to see how everyone things business should be run.
What would you do?
You have been put in charge of the Magic Kingdom. Just like the previous Vice President, you are given a budget that you can spend on the park. For Simplicity, we will use the term Dream Points (DP).
You have a budget of 250 DPs for the year, how would you split these among the following categories:
1) _Attraction research and development
2) _Attraction maintenance
3) _Attractions labor
4) _Entertainment labor (non-equity)
5) _Entertainment labor (equity)
6) _Entertainment labor other (techs etc)
7) _Merchandise diversity
8) _Merchandise Labor
9) _Food and Beverage Labor (quick service)
10) _Food and Beverage Table Service
11) _General Park maintenance
12) _Horticulture
13) _Atmosphere (Back ground music, etc)
14) _On the job training
15) _Company traditions training
16) _Infrastructure (water pipes, street lights, roads etc)
17) _Park Security
18) _Cast Recognition
19) _Custodial
20) _ Community donations
21) _To be held for future needs that come up throughout the year
Remember these things. You are running a business and your business decisions will be graded by the following parties
a) Stockholders (Profitability)
b) New Guest (Likelihood to Return)
c) Established Guest (upholding expectations)
d) Castmembers (happiness of working)
e) Community (local goodwill)
In my class we had to do something similar to this activity in the begining of the sememster, every week, we had to choose an 'event' out of a bag that would happen to our company, we then had to adjust our budget and try to appease everyone. The 5 groups were rating our deccisions on a 10 point scale, the goal was to make everyone happy.
I won't be giving you events, but I thought it might be interesting to see how everyone things business should be run.
What would you do?