Implementation Plan for Friar Tucker Galleria Project

Implementation Plan for Friar Tucker Galleria

Friar Tucker International (FTI) is a hospitality services chain that manages 35 entertainment and cuisine establishments. Friar Tucker has these establishments across different yet distinct markets. FTI maintains 15 cuisine establishments, 10 sports entertainments establishments, eight family entertainment establishments and has agreements with two hotel chains (Apollo Group, 2003). Ricardo Bellini, the dynamic CEO of Friar Tucker, has expanded FTI's business by entering into agreements with several hotel chains to plan and execute projects for them. FTI's business is booming to a point where not only was Ricardo able to complete projects that fell into their core business but he also stepped outside the core business with the hotel chain agreements. The eccentric method in which projects were chosen, led the CEO to create a project selection committee to identify the projects the company should pursue.

The project selection committee (PSC) was tasked to short-list three projects that were determined as being in line with the company's strategic objectives and core business. The committee was given a set of critical success determinants along with the critical weight associated with each determinant. The PSC narrowed the project list to Friar's Nest, Braithwaite Greens and Galleria.

After applying a relevance factor to each critical success determinant, and based on the weight of each determinant, the project selection committee decided that the Galleria project best fit the strategic objectives of FTI.

Friar Tucker's Strategy

FTI currently operates in the hospitality services industry, specifically the family entertainment business. Friar Tucker's