Ladbrokes Business Model - 1607 Words

Name: Lecturer: Module: Business Environment Assignment 1 Word Count: /1500 Contents Page Page Number 1. Introduction 3 2. Findings 3 3. P.E.S.T.E.L 4 4. Conclusion 5 4.1. References†¦show more content†¦It is projected the move will save around  £7 million per year.† (Mr. Sports Book, 2010) P.E.S.T.E.L In the U.K a Gambling Commission aids the Government. The Gambling Commission enforces laws that the gambling services have to abide by and are put in place so the gambling companies do not exploit customers. In the present global economy some laws may restrict companies, which in turn could lead to decreasing profits. In an attempt to cut costs Ladbrokes moved their online services to Gibraltar, which is a tax haven. The licenses are also different in Gibraltar compared to the England, this is important for companies because they can cut costs, as well as maximize their profits without the interference of the U.K Gambling commission. The recession was a major economic factor that saw Ladbrokes sales fall by 28%. The recession acted like a domino effect, which saw customers of Ladbrokes not spending as much as they would have if the economy was strong. Ladbrokes acted by cutting costs, which could help in the long run. They imposed a pay freeze across the company til 2011 as well as moving to Gibraltar and closing down call centres, notably its Aintree call centres with a loss of 263 jobs. Peter Erksine, Chairman of Ladbrokes PLC explained that although Ladbrokes was affected by the recession they still generated cash. We were impacted by the deteriorating economic environment... however, Ladbrokes continues to be a profitable and cashShow MoreRelatedOperations Management of Ladbrokes Plc3988 Words   |  16 PagesIntroduction Ladbrokes plc is one of the leading bookmakers in the high street in UK. It was established in 1886. Currently Ladbrokes plc operating with over 2200 branches across the UK and also operates in Ireland, Belgium and Spain. In this assignment we are focusing on the operational activities of the Ladbrokes plc. Task 1 a) The role of operations management The operations management can be defined as the systematic processes which convert inputs in to finished goods or serviceRead MoreArticle 4 : Coral Casino1859 Words   |  8 Pagesselection so formidable, so if you love to spin the slots you will never be left wanting. Customer Support If you take anything away from this review it should be this, Coral Casino is by far one of the safest around. Taking the model created for their sportsbook business, they have carried it over to the world of online casino with great effect. When you play at Coral Casino you truly do feel secure and that the casino has robust security measures in place to keep you protected. Should things startRead MoreStudy on Online Gambling Market4064 Words   |  17 Pagesline with offering text and audio commentary for sports events. This encourages consumers to use the internet rather than go to the casino or the betting shops. Porters Five force analysis Mr Porter was a scholar and management consultant. His model is based on the insight that a corporate strategy should meet the opportunities and threats in the organisations external environment. Porter has identified five competitive forces that shape every industry and every market. These forces determineRead MoreCorporate identity16799 Words   |  68 PagesIn their composite, these approaches have the potential to form the foundations of a new approach to management which might be termed ``corporate marketing’’. In addition to articulating the author’s understanding of the attributes regarding a business identity (the umbrella label used to cover corporate identity, organisational identification and visual identity) the author outlines the characteristics of corporate marketing and introduces a new corporate marketing mix based on the mnemonicRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pages22/10/2007 11:54 Page 599 Guide to using the case studies The main text of this book includes 87 short illustrations and 15 case examples which have been chosen to enlarge speciï ¬ c issues in the text and/or provide practical examples of how business and public sector organisations are managing strategic issues. The case studies which follow allow the reader to extend this linking of theory and practice further by analysing the strategic issues of speciï ¬ c organisations in much greater depth –