Casino Porter Definition



Jul 24

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  1. Porter (1980) indicated that the most important determinant of a marketplace’s profit potential is the intrinsic power of the buyers and the sellers. Threat of Substitute Goods In the Tourism, Leisure and Hospitality industry there is usually higher chances to start a new business and progress successfully.
  2. Port definition, a city, town, or other place where ships load or unload.
  3. Porter responsibilities include carrying guests’ luggage, fixing minor issues (like changing light bulbs) and cleaning building areas, including entrances. To be successful in this role, you should be able to manage various tasks on a daily basis to ensure great customer service and that our operations run smoothly.
  4. Bar porters are bartender assistants. In fact, many bartenders start with a bar porter job, where they learn the ropes of an establishment and the restaurant and bar industries. With a bar porter job, you’d have a first-hand look at how a bar is run, and your speed, agility and professionalism at your job could have a positive impact.

Working as a porter stinks. You get paid crap and work long hours. You get treated like crap and are looked down by other employees in your casino. Don't take this job. Anon339746 June 26, 2013. To be a porter is a difficult job because you work for long hours and the pay is not good. Anon327412 March 27, 2013.

Porter casino meaning

Casino Porter Definition Synonym

Supplier Power (one of Porter’s Five Forces)

See also:
Supplier Power Analysis
Porter’s Five Forces of Competition
Threat of New Entrants
Buyer Bargaining Power
Threat of Substitutes
Intensity of Rivalry

Porter Casino Meaning

In Porter’s five forces, supplier power refers to the pressure suppliers can exert on businesses by raising prices, lowering quality, or reducing availability of their products. When analyzing supplier power, you conduct the industry analysis from the perspective of the industry firms, in this case referred to as the buyers. According to Porter’s 5 forces industry analysis framework, supplier power, or the bargaining power of suppliers, is one of the forces that shape the competitive structure of an industry.

Synonyms

The idea is that the bargaining power of the supplier in an industry affects the competitive environment for the buyer and influences the buyer’s ability to achieve profitability. Strong suppliers can pressure buyers by raising prices, lowering product quality, and reducing product availability. All of these things represent costs to the buyer. Furthermore, a strong supplier can make an industry more competitive and decrease profitpotential for the buyer. On the other hand, a weak supplier, one who is at the mercy of the buyer in terms of quality and price, makes an industry less competitive and increases profit potential for the buyer.

Casino Porter Definition

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Supplier Power – Determining Factors

The supplier power Porter has studied includes several determining factors. If suppliers are concentrated compared to buyers – there are few suppliers and many buyers – supplier bargaining power is high. Conversely, if buyer switching costs – the cost of switching from one supplier’s product to another supplier’s product – are high, the bargaining power of suppliers is high. If suppliers can easily forward integrate or begin to produce the buyer’s product themselves, then supplier power is high. Supplier power is high if the buyer is not price sensitive and uneducated regarding the product. If the supplier’s product is highly differentiated, then supplier bargaining power is high. The bargaining power of suppliers is high if the buyer does not represent a large portion of the supplier’s sales. If substitute products are unavailable in the marketplace, then supplier power is high.

And of course, if the opposite is true for any of these factors, supplier power is low. For example, low supplier concentration, low switching costs, no threat of forward integration, more buyer price sensitivity, well-educated buyers, buyers that purchase large volumes of standardized products, and the availability of substitute products. Each of the four mentioned factors indicate that the supplier power Porter’s five forces emphasize is low. To help determine the level of supplier power in your industry, start by performing an external analysis. This tool will easily help you determine the level of all of Porter’s Five Forces. Download the free External Analysis whitepaper by clicking here or the image below.

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Definition

Casino Porter Definition Dictionary

A hotel porter is a hospitality professional who ensures that guests of a hotel receive services which make their stays more enjoyable. The precise duties of a hotel porter vary, depending on the hotel and the region of the world the porter works in. In all cases, the focus of the job is on providing customer service and keeping guests as contented as possible so that they will be more likely to return in the future.

In large hotels, hotel porters may work primarily outside the hotel, with bellmen working inside the hotel. An outside hotel porter collects the luggage of patrons when they arrive and ensures that it is delivered to their rooms. When the patrons are ready to leave, the porter collects the luggage and loads it so that it is ready to go. Hotel porters may also run errands on behalf of guests, such as picking up theater tickets, dropping off and collecting dry cleaning, calling cabs, and similar tasks.

In smaller hotels, porters may also work as bellmen, in which case in addition to handling luggage outside, they also show guests to their rooms, demonstrate the features of the room to guests, and act as a point of contact for guests who need assistance. Bellmen report any problems with the room to maintenance personnel, and may assist patrons with changing rooms if their rooms are unusable for some reason, and they also run errands for guests, make reservations at local restaurants and entertainment venues for their guests, answer questions, provide recommendations for regional attractions, and assist in emergencies.

In an emergency, a hotel porter helps guests evacuate safely, and assists with the implementation of safety plans. Porters can also assist staff members of the hotel with tasks such as moving furniture, organizing rooms, and managing guest needs. In a hotel which lacks a doorman, hotel porters hold the door open for guests in addition to managing their luggage.

Casino Porter Definition Synonyms

This type of work is highly demanding. A hotel porter must be courteous, professional, friendly, and outgoing at all times, and he or she needs to be able to work long shifts. A hotel porter may work eight hours without a chance to sit down, and no matter how uncomfortable a porter is, he or she still responds to guests with a smile. Porters may also have to perform a wide variety of errands, some of which may seem unreasonable, without complaint. Rates of compensation for porters tend to be low, unless they are in a large hotel in which porters are ranked, with an opportunity to advance to a higher pay scale. However, porters can anticipate tips for good service.