Explore the Management and Core Competencies of MGM National Harbor | Hospitality Industry Analysis

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author Note

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Introduction:
The hotel and the resorts industry is observed to have notable amount of growth in the
modern business context. One of the major reason responsible for the significant growth of
the industry is observed to be the sharp rise in the growth of the tourism industry. The
increased development of the tourism industry is seen to trigger the growth of hotel and the
resort industry (Croes, 2014). Along with this, the significant increment in the number of
openings of the hotels and the resorts is pretty effective in stating the growth of the industry.
The comparatively higher spending of the customers is observed to be one of notable factor
responsible for the increased growth of the industry and the organizations of the industry.
The paper focused in the analysis of a company situated in United States in the form
of MGM National Harbor. The paper provides notable amount of information regarding the
vision, mission and the objectives of the organization and at the same time, it also identifies
the core competencies of the organization. Along with that, the paper provides significant
inputs regarding the strength, weakness, opportunities and the threats of the mentioned
organization. In addition to this, the paper also identifies tangible and the intangible assets of
the organization with the application of the resource based view. The paper also identifies
unique selling proposition of the chosen organization.
1.
Company’s mission, vision, values:
The mission of the company is to make sure that they be able to provide the optimum quality
experience of the entertainment to the customers of them and along with that, they are
determined to provide the much needed delight to the customers of them.
The company is seen to have the vision of becoming the one of the prime business
organization or market leader in the hospitality industry of the host nation.

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The company had the objective of producing the much required value to the prices that the
customers of the organizations are seen to pay through the significant infrastructure and the
quality in the services.
Core Competencies:
The chosen organization is one of the prime destination in United States for the
production of the quality entertainment. The company is determined in providing the
optimum quality experience to the customers of it. In addition to this, the reduction in the
stress and frustration of the people of the country is seen to be one of the prime motto of the
organization (Mgmnationalharbor.com, 2019). The organization plays a crucial role in the
economic and the societal development of the country and that seems to increase with the
increment in the operations of the company.
The chosen company consists of 308 numbers of rooms along with a gaming space of
135000 square foot and attractive casino (Mgmnationalharbor.com, 2019). The resort was
opened in the year 2016 in the National Harbor location of the country and is managed by the
MGM Resorts International (Mgmnationalharbor.com, 2019). Considering the mission,
vision and the objective of the organization, the core competencies of the organization are
described below:
Core Competencies Impact Justification
Strong cash flow Rare The senior management of
the resort is able to acquire
significant amount cash flow
and that notably helpful in
the production of the quality
infrastructure that enables

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the management to produce
the optimum quality
experience of entertainment
to the customers of it. Many
of the organizations in the
mentioned industry are
observed to suffer from the
lack of funds for the
development of the
infrastructure and that
becomes one of major
reason responsible for the
decrement in the revenue for
those organizations (Dogru
& Sirakaya-Turk, 2017).
Hence the achievement of
sufficient funds to invest on
the infrastructure so that it
increases attractiveness of
the resort, becomes notably
crucial.
Suppliers Costly The resort is blessed with
significantly strong
supplier’s base. The
suppliers of the MGM