Implementation Plan for Friar Tucker Galleria
According to Glenda Cloud, “Change is inevitable, growth is intentional.” (Said What?, 2007.) Friar Tucker International (FTI) is a leading hospitality industry chain. They currently manage 35 entertainment and food establishments throughout the United States. FTI employs 1,200 individuals and currently has revenues of over $300 million per year. Business has been going will as FTI has been in the enviable position of turning away projects. Their CEO, Richard Bellini, is a visionary that would like to grow the Friar Tucker International brand into new areas. FTI’s goals are to expand their current expertise, enhance brand image and attract new customers. To this end, Mr. Bellini has instituted a system to gauge project viability against other projects. Various financial and non-financial weights have been established to provide feedback on projects FTI is considering.
Based on the new system, FTI has decided to pursue the Galleria project. This is a project the fits well with FTI’s strategic plans and allows FTI to expand and dominate the “family entertainment” industry. This project will need a plan if success is to be achieved. In addition to the project plan, FTI, Atoll Solutions and the project manager will need to manage various resources throughout the lifecycle. The efficiency in which the above are orchestrated, will dictate the level of success the Galleria project will achieve for FTI.
Friar Tucker’s Strategy
Friar Tucker International (FTI) is a leader in the hospitality services industry. Currently FTI manages 35 establishments across four product lines. These establishments are split between four fo ...