Crystal Lake Park

Crystal Lake Park

Introduction

Recent researches and studies demonstrate that, amusements parks and theme parks are one of the biggest attractions for large number of visitors. Furthermore, it is also observed that, these amusements parks also play a vital role in enhancing and improving the economic conditions of the state. Therefore, amusement parks can be considered as the most profitable opportunity of business for any entrepreneur, having vast and extensive experience in the area of amusement park business (Anonymous, 2012). On the other hand, it is necessary for the investors to learn about all the facts of amusement park business. These facts may include organizational profile, financial indicators of an organization, major issues and problems that may occur in the working operations of the park. In order to resolve these issues or problems, it is also necessary to implement appropriate and effective solutions (Emaxwell, 2012).

These solutions may greatly help in enhancing the integrity of amusement park. Furthermore, it is also necessary for the entrepreneur to understand all the opportunities that may benefit their business. Proceeding paper incorporates the case study of Crystal Lake Park. Hence, the organizational profile of this amusement park is also provided in the study. All the financial indictors of an organization are also discussed in the paper. In addition to this, all these issues and their solutions as well as the opportunities for this park, are also discussed in the paper. The brief over view of an organization is also incorporated in the paper.

Discussion

Over View of Crystal Lake Park

Crystal Lake Park is one of the most famous and well known amusement parks that are established in the Pocono Mountains of Pennsylvania. This park has been in the industry of amusement park, for more than fifty years. This amusement park is considered as the biggest attraction for the tourist. Patterson family owns this amusement park and has earned approximately more than fifty million dollars from this amusement park. In this scenario, the CEO and President, Sheila, of the park proposed an idea to expand their business and construct a water park on the undeveloped land (Anonymous, 2013). On the other hand, the brother of CEO, George, proposed entirely different idea. According to his opinion, they must build a zoo and safari park. According to his views, the safari park would be more profitable for them, as compared to a water park. He proposed this opinion because he thinks that, during winter season people would not take tickets of water parks. In the mean time, Sheila, claimed that safari park would not attract people, as a water park would do. In addition to this, she also argued that, water park would be a safer investment (Anonymous, 2013). Moreover, the investment decision would also be affected by the present condition of economy within the state. It is because of the reason that, the economic recovery has significantly enhanced the revenues of the amusement parks. The proceeding paper discusses the organizational profile of the park (Anonymous, ...