Essays on Success and Decision-Making - Case of Genting Group Case Study

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The paper "Success and Decision-Making - Case of Genting Group" is an inspiring example of a case study on management. According to Neil Russell-Jones (2000), the process of decision-making involves identifying a need and the solution that is likely to best address the need while minimizing the risks and consequences involved. In any business, the process of decision-making is of high importance. Every business needs to make sound decisions that can chart the way forward for the organization while at the same time guarantee profitability. In this way, the process of making effective decisions for the business should be both critical and habitual.

Decision-making involves choosing the best available alternative that can aid the enterprise in achieving its mission and objectives. The process of decision-making usually incorporates several techniques and tools to ensure the organization makes a sound decision. In order for businesses to make effective decisions, they need to have reliable information and the experience and expertise to interpret this information. This paper explores the importance of the decision-making process in business, with a special focus on the Genting Group. Furthermore, In order to understand the correlation between effective decision-making and success achieved by the Genting Group, an analysis of the decisions made by its member companies is necessary. Genting Group is a conglomerate founded in 1965 and based in Malaysia.

It comprises of Genting Berhad, the parent company, and four other member companies, which are Genting Singapore Plc, Malaysia Berhad, Plantations Berhad, and Genting Hong Kong (Genting Group, 2012). The group operates within the hospitality and tourism industry in Malaysia and beyond, with several integrated resorts and casinos under its name.

The award-winning multinational began operations as a company specializing in hospitality and leisure activities but has since diversified into other activities and industries such as energy, property, and information and biotechnology. The overall market capitalization of the group is estimated at over US$ 50 billion, with the parent company and all member companies of the group listed on their respective stock exchanges.

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Genting Group, 2012. Genting Group, Our Mission. [Online]

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Genting Group, 2012. History. [Online]

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PRNewswire, 2013. Genting Group Announces Plans For Transformational New Development Project Along Las Vegas Strip. [Online]

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Russell-Jones, N., 2000. The Decision-Making Pocketbook. New York: Pocket Books.

Williams, R. G., 2005. Decision Making in Business. New Jersey: Pearson Education.

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