Gary Loveman -- Paths to Power, (Video) DVD Description
When then CEO of Harrah's, Phil Satre, offered Gary Loveman the chief operating officer (COO) position, Loveman's life changed. Bringing Gary Loveman into Harrah's was not the most obvious move and caused some internal and external rumblings. Loveman, an untenured associate professor at Harvard Business School who had little management experience, was now going to manage 15 casinos with more than 10,000 hotel rooms and over 35,000 employees. The gaming industry was dominated by insiders who had spent their careers in gaming, working their way up from the bottom. In the video, Loveman highlights what factors helped him succeed. He brought with him a competitive spirit, a bundle of energy, and the notion that as a team Harrah's would succeed. Loveman narrowed areas of responsibility, pushed urgent issues, and worked hard at gaining everyone's trust. This video is intended for use with the written case OB45 Gary Loveman and Harrah's Entertainment and is part of Jeffery Pfeffer's Paths to Power series. Other titles available in this series include: OB56V-05 and OB56V-04 Rudy Crew, OB44 Keith Ferrazzi and accompanying video OB44V, OB55V Jack Valenti, OB42A and OB42B Dr. Laura Esserman and accompanying videos OB42V-04 and OB42V-05
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Case Analysis of Gary Loveman -- Paths to Power, (Video) DVD
Gary Loveman -- Paths to Power, (Video) DVD is a Harvard Business (HBR) Case Study on Organizational Development , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. Gary Loveman -- Paths to Power, (Video) DVD is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. Gary Loveman -- Paths to Power, (Video) DVD case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. Gary Loveman -- Paths to Power, (Video) DVD will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.
Case Study Solutions Background Work
Gary Loveman -- Paths to Power, (Video) DVD
case study solution
is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Organizational Development, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of Gary Loveman -- Paths to Power, (Video) DVD, is to not only build a competitive position of the organization but also to sustain it over a period of time.
Strategic Management Tools Used in Case Study Solution
The Gary Loveman -- Paths to Power, (Video) DVD case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
Texas Business School Approach to Organizational Development Solutions
In the Texas Business School, Gary Loveman -- Paths to Power, (Video) DVD case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – Gary Loveman -- Paths to Power, (Video) DVD
Step 1 – Problem Identification of Gary Loveman -- Paths to Power, (Video) DVD - Harvard Business School Case Study
The first step to solve HBR Gary Loveman -- Paths to Power, (Video) DVD case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Loveman Harrah's is facing right now. Even though the problem statement is essentially – “Organizational Development” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Loveman Harrah's, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.
Step 2 – External Environment Analysis
Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the Gary Loveman -- Paths to Power, (Video) DVD.
The external environment analysis of Gary Loveman -- Paths to Power, (Video) DVD will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.
What is PESTEL Analysis? Briefly Explained
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Gary Loveman -- Paths to Power, (Video) DVD case study. PESTEL analysis of " Gary Loveman -- Paths to Power, (Video) DVD" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?
As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with Gary Loveman -- Paths to Power, (Video) DVD macro-environment and how it impacts the businesses of the firm.
How to do PESTEL Analysis for Gary Loveman -- Paths to Power, (Video) DVD
To do comprehensive PESTEL analysis of case study – Gary Loveman -- Paths to Power, (Video) DVD , we have researched numerous components under the six factors of PESTEL analysis.
Political Factors that Impact Gary Loveman -- Paths to Power, (Video) DVD
Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.
Policy Making Impact on Gary Loveman -- Paths to Power, (Video) DVD
Government policies have significant impact on the business environment of any country. The firm in “ Gary Loveman -- Paths to Power, (Video) DVD ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.
Data safety laws – The countries in which Loveman Harrah's is operating, firms are required to store customer data within the premises of the country. Loveman Harrah's needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.
Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. Gary Loveman -- Paths to Power, (Video) DVD has numerous instances where the competition regulations aspects can be scrutinized.
Import restrictions on products – Before entering the new market, Loveman Harrah's in case study Gary Loveman -- Paths to Power, (Video) DVD" should look into the import restrictions that may be present in the prospective market.
Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Loveman Harrah's in case study “ Gary Loveman -- Paths to Power, (Video) DVD ” should look into these export restrictions policies.
Foreign Direct Investment Policies – Government policies favors local companies over international policies, Loveman Harrah's in case study “ Gary Loveman -- Paths to Power, (Video) DVD ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.
Taxation & Regulation Impact on Gary Loveman -- Paths to Power, (Video) DVD
Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.
Tariffs – Chekout how much tariffs the firm needs to pay in the “ Gary Loveman -- Paths to Power, (Video) DVD ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Loveman Harrah's can compete against other competitors.
Government Scheme & Subsidies Impact on Gary Loveman -- Paths to Power, (Video) DVD
Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at Gary Loveman -- Paths to Power, (Video) DVD case study have to assess whether their business can benefit from such government assistance and subsidies.
Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.
Political System & Stability, and its Impact on Gary Loveman -- Paths to Power, (Video) DVD
Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.
Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.
Corruption level – Loveman Harrah's needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.
Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.
Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.
Economic Factors that Impact Gary Loveman -- Paths to Power, (Video) DVD
Social Factors that Impact Gary Loveman -- Paths to Power, (Video) DVD
Technological Factors that Impact Gary Loveman -- Paths to Power, (Video) DVD
Environmental Factors that Impact Gary Loveman -- Paths to Power, (Video) DVD
Legal Factors that Impact Gary Loveman -- Paths to Power, (Video) DVD
Step 3 – Industry Specific Analysis
What is Porter Five Forces Analysis
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Gary Loveman -- Paths to Power, (Video) DVD case study. PESTEL analysis of " Gary Loveman -- Paths to Power, (Video) DVD" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
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