Summary...............................................................3 II. Company Profile...................................................................4 III. Balance Score Card.............................................................6 A. Ritz Service Culture..............................................................7 B. Balanced Scorecard Tables..................................................8‚9 C. Strategy Map.....................................................................
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GROUP WORK Quality at The Ritz-Carlton Company (Quality) Prepared by: Romil Campos Mark Jaccobb Choi Onofre Consolacion III Lorvina Lamug Miljay Luna Lalaine Mesina TSOPEMAN R13 Ateneo-Regis MBA Program Rockwell Center‚ Makati City Prof. Arturo Zamora 28 February 2015 BRIEF OVERVIEW: The Ritz-Carlton Company The Ritz-Carlton Company was established by Albert Keller who purchased and franchised the name. There were known brands of the same name in Boston‚ Philadelphia‚ Pittsburgh‚ Atlantic City
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[The Financial Detective 2005 Introduction Each industry is distinctive. One might be unique in its high fixed assets; other would be differentiated of its increasing intangible assets and many other financial footprints that each industry leaves on its balance sheet. Nonetheless‚ industries are distinguished furthermore; fingers of one hand are not the same as said. Businesses in the same industry can be characterized differently according to their strategic plan and capital structure. The following
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In chapter 6‚ Yalom & Leszcz (2005) speaks of the here-and-now experience as a strong aspect of group treatment (p.141) in association to the structure of group‚ which is beneficial to better recognition of the techniques that the here-and- now offers. Yalom & Leszcz (2005) says‚ the here-and-now focus is most effective when the two therapeutic tiers are implemented (p.141). But one without the other is non effective. Tier 1 is experiencing one; that establishes strong feelings throughout session
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accounting scandals was disclosed during 2005 which involved a material mis-statement due to false transactions during 2000. This scandal set to prelude leading the downfall of AIG in 2008. In this paper‚ I will analyze the cause‚ the transactions and finally effects of the scandal. The Accounting Scandal The Players The CEO of AIG was Maurice “Hank” Greenberg. Greenberg joined AIG in 1962 and led AIG for thirty eight years until his retirement in March 2005. Greenberg was not only the CEO‚ but
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3rd Assignment – Ritz-Carlton Hotel Company How does The Ritz-Carlton create “Ladies and Gentlemen” in only 7 days? The seven days countdown was a result of the evolution and refinement of the hotel opening process‚ which became more solidified in the late 1980s to early 1990s when hotel chain was opening many new properties. The first two days were devoted to orienting employees to The Ritz-Carlton culture and values‚ while remaining five days involved more specific skills training and trial
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The Ritz Carlton Hotel Company Since 1898‚ Ritz-Carlton relied on the vision of services that are personalized and would satisfy the most discerning guest. In the beginning‚ a New York based real estate company named Millennium Partners decided to do business in the hotel industry. They believed that in order to sell residential properties‚ you must be the best at service. The best way to convince people that they’re going to have a great time is to have great services and that is how
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The Ritz-Carlton Hotel chain has enjoyed a long‚ rich tradition dating back to 1927‚ when the first hotel baring the Ritz-Carlton name opened on May 19th. This prestigious hotel giant was originated in Boston‚ according to The Ritz-Carlton website. The character and ambiance of the hotel are still in tact after 80 years of business. The Ritz-Carlton L.L.C. was not originally founded as a hotel chain. The first business venture for Ritz-Carlton was investment banking in Europe. According to The
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Portman Ritz-Carlton‚ Shanghai The main advantage for the Portman Ritz-Carlton in Shanghai (Ritz) is the way it manages and leverages its human resources. The quality of their employees and their employees’ satisfaction contributes significantly to its success. The Ritz’s motto‚ employee promise‚ credo‚ and basics‚ shown in appendix A‚ set the stage for their success. They ensure that everyone is on the same page at the Ritz. All know what is expected of the employees by the Ritz and what
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Legendary services at the Ritz-Carlton 6 months ago‚ I was invited to have business dinner in Ritz-Carlton‚ and was amazed by their ability in consistently delivering ideal service. Starting from then‚ I had one question in my mind‚ which is how Ritz-Carlton‚ who has 81 hotels in 25 countries and 44‚000 employees around the world‚ can deliver consistent services to their demanding customers from place to place. According to Forbes Magazine‚ Ritz-Carlton has become a leading brand in luxury lodging
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