Low Bargaining Power of Supplier High Bargaining Power of Buyer
Low Bargaining Power of Supplier High Bargaining Power of Buyer
Low Bargaining Power of Supplier High Bargaining Power of Buyer
Power of Supplier
Number of suppliers who
use the same equipment
to design new rides.
Companies can
themselves design new
rides.
Suppliers products are
specified.
Used local resources.
Low cost labor allows the
companies to achieve
low cost structures.
High Bargain
Power of Bu
Customers can sp
their money on an
source of entertai
Customer wants a
tastes vary. Need
innovate and keep
fresh so customer
get bored.
Economic impact
influence custome
decisions.
High Bargaining
Power of Buyer
High Competitve
Rivalry
Competing with
entertainment Industry
for the share of
customer's
entertainment spend.
Industry is growing,
competitors opening
parks with retail
shopping experience to
capture a greater market
share.
High Threat to
Substitute
No switching cost.
Numerous other
entertainment options
for the customers.
Scope - Product
Scope - Operations
Scope - Marketing
Scope - Sales
Scope - Sales
Scope - Human
Resoucre
Logic
Agents also promoted park to schools and had the autonomy of offering discounts
for school trips.
Agents aid in increasing week day traffic of customers to the park.
In house training programs. 6 month on the job training followed by 6 month
probabation period for building expertise.
Employee benefits such as medical expense and family insurances.
Valid school education criteria for all employees. Supervisior were diploma holders.
Wonder LA is an established brand name. Which can allow the company to charge a
premium from its loyal customers.
Customer experience is main of focus Wonder LA. Quality of service and experience
has allowed the company to establish postise word of mouth and repeat customers.
Location of the park. It is easily accessible to customers from local and
neighbouring states.
Agents have been able to establish strong relationship with schools and can easily
attract them to visit Wonder LA.
Strong entrapreneurial experience. Building quality and successful brands.
Wide variety of activities such as water and land, established at one place.
Human resource, employees have the autonomy to make decisions and solve
problems which enhances productivity.
Product development and designing of new rides and activities to attract
customers.
For increasing demand for interactive entertainment by the Indian middle class
segement, Wonder LA strategy is to establish itself as an affordable source of
trilling entertainment for all age groups through quality of service and customer
experience.
Values
Description
Services industry dealing with people. Give customers reasons to smile, through quality customer s
Enter hospitality business and setting up new park in Hyderabad and later in Chennai. Open a 2-3
Independent and risk taker believe in a target and works towards it (like going against advice of his
Employee centric. Success of the company lay with its employees.
Customer centric. Focus on price/value for the customers.
Maintain quality customer services through employees, cleanliness facilities etc.
Decentalized, autonomy for the employees to make quality of service better.
Used local resources and infranstruture to diversify the business.
Month
April
May
June
July
August
September
October
November
December
January
February
March
Total
Quarter Average
Kochi
Bangalore
Hihges
102,732
104,384
68,861
47,234
109,279
83,374
89,317
70,753
305,746
Q3
Q4
Taxonomy of institutional
infrastructure
Function
Product Market
Wonder LA acts as a mass retailer. The company add
value as this type of market institution by compiling wide
variety of products into a one-stop shop for all sources of
entertainment for consumers of all age groups.
Moreover, this works as an advantage for the company
as they can attract both national and multi-national food
chains who can earn a great amount of revenue by just
serving the scale of the customers who visit the
amusement park.