FTI is a hospitality services chain that manages:
35 entertainment and cuisine establishments
10 Sports entertainment
8 Family entertainment
2 Hotel chains
Employs approx 1200
Generates revenue in excess of 300 million
CEO Ricardo Bellini Recently entered into agreements with several hotels to manage their establishments and execute diverse projects.
Most of these projects fall under the core business including:
Managing a popular entertainment center
Setting up 3 bars
Operating several restaurants in Washington DC, New Jersey, Richmond
Some of these projects though, such as the ones with the two hotel chains do not fit in with their strategic objectives for the company.
Ricardo wants to establish a Project Selection Committee to determine what projects the company should consider.
This committee is expected to choose projects that align with strategic objectives
Company is currently evaluating 5 proposals and needs to select only 1 and identify a sub contractor for parts of the execution.
Focus Areas - Entertainment Hospitality, Cuisine Business, Corporate Entertainment
Ariane De Lazaro Suggestions -
Kalimpong looks to be a good idea to expand the specialty side of the business.
Galleria might be a good proposal since Ricardo already is convinced of the idea and it maps well with the Entertainment Hospitality business. But a profit sharing and outsourcing plan would need to be created.
Braithewright Greens promises good returns and substantial increase in corporate clientele. But Ricardo does not like part-owned projects
Friars Nest promises high returns but is not a focus area for you
Templars Towers is only peripherally connected with corporate entertainment so it may not be the best way to start in a new area.
Project Chosen: Galleria
Critical Success Factors:
Ensure investments are less than 15 million per project 10
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