2016-2017 KPMG Case Competition
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Transcript of 2016-2017 KPMG Case Competition
1© 2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
The Dream Team
Jumeirah’s Growth and Expansion Strategy
cutting through complexity
November 7th, 2016
XuAlbanoMehrishiCaldara
2© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Our Team
Daniel Albano
Abihshek Mehrishi Chris Caldara
Fudi Xu
3© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Our StrategyThe Jumeirah Group
Complications
Approach
Recommendations
Risk
Overview
4© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Overview Recommendations Risks
Overview
cutting through complexity
Complications Approach
5© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
OverviewOverview Complications Approach Recommendations Risks
From our data, what can we identify?
- “Stay Different”: The Jumeirah Experience
- To be a world-class luxury international hotel and hospitality management company, committed to being the industry leader in all of our activities through dedication to our stakeholders, colleagues, customers, business partners, and owners.
- Guiding Principles: Integrity, Teamwork, Recognition, Innovation, Continuous Growth, People Focus
6© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Complications ApproachOverview Recommendations Risks
Complications
cutting through complexity
7© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
What problems are Jumeirah facing?
Complications ApproachOverview Recommendations Risks
- Market Saturation to Midscale Properties
- Changing Economy
Complications
8© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Complications ApproachOverview Recommendations Risks
Approach
cutting through complexity
9© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Complications ApproachOverview Recommendations Risks
How did we first approach these problem?
Externally
Internally
Our Approach
Adapt to the changing economy
Dominate our “Luxury” Niche
10© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Complications ApproachOverview Recommendations Risks
Internally
TechnologyBranding
Personalize
Promote
Partnership
11© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Complications ApproachOverview Recommendations Risks
Externally
Local Global Expand
Elevate
Evolve
12© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Complications ApproachOverview Recommendations Risks
Recommendations
cutting through complexity
13© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Internal: Branding “The Jumeirah Experience”
“Stay Different”Imaginative & Exhilarating Experience
Culturally Connected Thoughtful and Generous Service
• Providing an unforgettable experience that customers cannot get while staying in any other luxury hotel.
• Each location has a unique attraction.• Beyond great service, the customers will be able to make
memories that they will have for the rest of their lives• All locations will be customized to the local demographic to
provide the most culturally rich experience possible• By implementing the new and innovative technology
recommendations, service is designed to provide an even more personalized experience to our guests.
Complications ApproachOverview Recommendations Risks
14© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Internal: TechnologyJumeirah Application
ReservationsReserve rooms with special rates straight from the app.
Special Circumstances
List medical conditions and allergies to receive 100%
personalized care. Local Attractions
Receive a guide to local attractions and fun
destinations with audio tours within the app.
Hotel OperationsCheck-in quickly. Check-out
hassle free. Order room service. Request house
keeping. Receive concierge support. A one-stop-shop for
all your hotel needs.
TemperatureChange the temperature in your room with a tap of your fingers. LightsControl the lights in your room with different colors and shades. Create the ambience you want, when you want it.
Room KeyWith one less thing to keep track of during your stay, simply use your phone to access your room.
Multi-Media ControllerControl your television, your music player, and much more, with this app. Shower/Bath After a long day of travels, enter your room with a bath already waiting for you with your settings.
Complications ApproachOverview Recommendations Risks
15© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Internal: TechnologyVoice Control Personalization
“Jumeirah, please turn off the lights.”
“Venu, turn on relaxing music please.”
“Jumeirah, por favor, baja la temperatura.” (Please turn down the temperature)“Venu, 请关电视” (Please turn off
the TV)
“Jumeirah, कृपया मेरे स्नान पर बारी” (Please turn on the shower)
Complications ApproachOverview Recommendations Risks
16© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
External: LocalThe Jumeirah Cruise Line
Complications ApproachOverview Recommendations Risks
“The Jumeirah Experience” on Boat
Along the Persian Gulf with destinations at Dubai, Qatar, & Bahrain
Exclusive to Quarters 3 & 4 to supplement declined income
Follows the Burj Al Arab “Sail Silhouette” Branding
17© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
External: GlobalVenu: A Jumeirah Experience & Resort
Complications ApproachOverview Recommendations Risks
Expanding the Venu brand to encompass a larger market.
Similar service ; Lower cost
Following the “Stay Different” trademark, Venu includes similar experience like live music, cultural experiences, the recommended technology, etc.
Authentic architecture that is adapted to the local culture.
Venu Inside: Experience 360˚ of Excellence
Introducing…
VENU
18© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
External: GlobalVenu: A Jumeirah Experience & Resort
Complications ApproachOverview Recommendations Risks
VENU India
Singapore
China
1
3
2
19© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Our 8 Year Plan
Complications ApproachOverview Recommendations Risks
Venu
APP
Cruise
Voice Control Personalization
“The Jumeirah Experience”
Branding
IndiaSingaporeChina
Y0 Y4 Y8Y6Y2
20© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Complications ApproachOverview Recommendations Risks
Risks
cutting through complexity
21© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Possible Risks
Complications ApproachOverview Recommendations Risks
Expanding into New Cultures
Beginning a New Cruise
Line
Expanding the Venu Brand
Costs Operations
New ProductNew Market
Culturally InsensitiveCultural Appropriation
Different marketExpansion CostsTarnishing Jumeirah’s Brand
22© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Mitigating Risks
Complications ApproachOverview Recommendations Risks
Research Adapting
Smart Marketing
Campaigns
The Jumeirah
Experience
Expanding into New Cultures
Beginning a New Cruise
Line
Expanding the Venu
Brand
23© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Conclusion Overview
Jumeirah’s Vision & Guiding Principles Complications
Market Saturation to Midscale Properties Changing Economy
Approach Internal – Adapt to the Changing Economy
Partnership - Technology Personalize - Technology Promote - Branding
External – Dominate Luxury Niche Expand - Global Elevate - Global Evolve - Local
Recommendations Internal
App Voice Control Personalization “The Jumeirah Experience” Branding
External The Jumeirah Cruise Line Expanding Venu: A Jumeirah
Experience & Resort into India, Singapore, then China.
Risk Research Adapting Strategic Marketing Campaigns The Jumeirah Experience KPMG
Thank you