1. The Seminole Tribe of Florida has had a long history of overcoming adversity in their little...

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1. The Seminole Tribe of Florida has had a long history of overcoming adversity in their little corner of the world. What sort of resistance might Hard Rock’s new owners face when initiating organizational change?
2. What measures can Hard Rock’s new owners take to reassure staff and investors that they are in good hands?
3. Name some basic steps that upper management should take as they assess the best possible direction in which to take the company.

At the close of 2006, British gaming company Rank Group made a deal with the Seminole Tribe of Florida to sell its stake in the Hard Rock business, to the tune of $965 million dollars. The deal covered ownership of the Hard Rock brand name, 124 Hard Rock Cafes and stores located around the world, 8 hotels, and two Hard Rock Live concert venues.

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Understanding Management

ISBN: 978-0324568387

6th Edition

Authors: Richard L Daft, Dorothy Marcic

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