Halina Mountain Resort Part Essay

Victor Herrera, chairman of the get on of Blue Heights immovable & Development Corporation, desired to launch his partnerships first big get wind, a mineral hot reflect repair at Bucal, Calamba, Laguna named Halina Mountain Resort (A). He treasured to fuddle it as something he could leave for his family. Blue Heights Realty & Development Corporation was organized in October 1976 attached in owning, alter and managing real estate it is considered a stable political party with authorized ceiling stock of P1 M and paid-up capital of P900T. The proposed resort was plotted to piddle to their 2.2 hectare land in Bucal, calamba, Laguna.The land was composed of 1.5 hectare Victor inherited from his initiate in 1974 and the other 700T hectare which he purchased from his commission from commodities trading. Upon the proposal of the project, Victor asked his sunrise(pre noneinal)s Victor Jr. to make a survey and gathered bounteous data and information about the vicinity and its rival resort. Also, he do an application with the Minis establish of Tourism requesting the approval for the establishment of the resort stating his reasons for going into the resort trade. And lastly, he made a lend application for a P1.3 M with Far East bank and assertion Company however, there is no assurance if it would recognize the merit of his proposal, with a complete paper requirement, Herrera potently believed that his project is viable & irresistible and their reports are unbiased. The only problem would be the approval of his loan application with the Far East Bank and Trust Company.I. Statements of the Objective/s* To pursue the loan from the bank and continue with the desired project for the resort. * To be able to impress the management of the bank to appoint their loan. * To seek ideas that ordain make the Halina Mountain Resort a odd place that will stand out against its anticipated competitors.II. Central business/s* Loan ApplicationIII. Areas of Considera tion* Strengthsi. New ideas are beingness brought upii. Wide/spacious land to utilizeiii. Strong trade studyiv. Road sidev. New business along the force field* Weaknessesvi. Large number of competitorsvii. No enough funds to start the projectviii. New business that the banks are too meticulous to grant their loan application.ix. Limited facilities set up by the Tourism Department of Laguna. * Opportunitiesx. bring forth new offerings that will make the resort a different one. xi. say packages that are affordable.xii. Apply for the approval of the Tourism Department for the additional facilities for the resort. * Threatsxiii. mischance to be granted by the bank with their loan application. xiv. The public may not tell on their new resort. xv. A lot of competitors are high-priced the area.IV. Alternative Courses of Action1. Halina ignore present to the bank the dissolvent of the commercialise study made by Herrera for their application of loan to be granted.*Advantagesa. I t will make the resort look more competitive and strong.*Disadvantagesa. Unsure if this new business will be accepted by the public.2. Halina can make it a new line of business and make it a adjuvant business by their company.*Advantagesa. More funds may be utilise without applying a loan from the bank.*Disadvantagesa. The resort will now be a company owned.3. Halina can offer membership schemes that will generates funds for them to pass off the project.*Advantagesa. It will make the resort a private resort where members can only use the facilities of the resort.*Disadvantagesa. Limited commercialize segment.V. Strategy FormulationI, therefore, refrain that the best solution to the problem is the alternative course of action no. 1, where the Halina Mountain Resort will present to the bank the studies made by their selected firm that their proposed business is a strong and competitive one. They must explain what are the edges of their resort over their competitors that will mak e them a comical place to stay.VI. Plan of Action1. Set a meeting with the square-toed authorities of the bank and discuss the project. 2. If approved, materialize the project and supervise healthful the actions taken by the people of the resort. 3. Find alternative ways to lift the resort with a minimum cost, i.e. social networking sites. 4. Always make a customer evaluation for management to know what should be improve with their function and facilities.VII. Potential Problems* What if the bank would not approve their loan application? * What if the result of the project will not turn out as planned? * What if there wont be any customers that will patronize their resort?VIII. Contingency Plan* Halina should try the alternative course no. 2 and pursue the project their company as the head company of the resort. * Find other alternatives that will make the project more attractive to the target market and create a team that will market the resort. * Offer packages that will make it more appealing to the public to try their resort.