VIRTUAL TEAM MEETING - MINUTES OF THE MEETING ROLEPLAY (Purposive Communication)

Summary

In this meeting, the CEO and board members discuss the proposal to expand the resort with a new water park attraction. Sharon Joy Dapar, the CEO, presents a comprehensive plan to enhance the company's infrastructure to boost revenue, which has been declining due to low tourist demand. Key elements of the proposal include upgrading water slides, adding a wave pool, and landscaping improvements. Despite concerns about costs and space, the board agrees on the potential benefits, including increased tourist interest and long-term company growth. The proposal is set to begin in 2024, with full backing from the company's leadership.

Takeaways

• 😀 CEO Sharon Joy D. Dapar introduced the meeting and outlined the agenda, which was centered around expanding the resort with a new water park.
• 😀 The primary goal of the expansion is to increase tourist engagement and revenue, which has decreased due to low demand in the past year.
• 😀 The proposal includes adding major new attractions such as a high-altitude water slide called 'Bombs Away' and a moon tsunami wave pool.
• 😀 Landscaping improvements, including new foliage and ornamental grass, are planned to enhance the park's aesthetic appeal and create a serene environment.
• 😀 A budget of 1.2 billion is proposed for the water park's construction, which will occupy a 28.10-hectare land plot and is expected to be completed by 2024.
• 😀 Despite current company revenue being low, the project is believed to be financially viable with the available funds of 2.5 billion.
• 😀 One concern raised was the negative impact of maximizing resource space, which could lead to facility adjustments or disruptions.
• 😀 The CEO assured that, despite some challenges, the new attractions are expected to significantly increase company revenue by attracting more tourists.
• 😀 Board members suggested minimizing or dropping some facilities to optimize space and reduce costs while maintaining the project's objectives.
• 😀 The meeting concluded with agreement on the water park expansion plan, scheduled to open in 2024, with a follow-up meeting set for June 6, 2022.

Q & A

What is the main purpose of today's meeting?

The main purpose of the meeting is to discuss the proposal for expanding the resort by adding a water park to attract more tourists.

Who is leading the proposal for the new water park?

The proposal is being presented by Sharon Joy Depar, the Chief Executive Officer (CEO) of the company.

Why is the resort considering expanding its facilities?

The resort is considering the expansion due to a decline in tourist demand, which has caused the company's revenue to drop. The new water park is seen as a way to boost revenue and attract more visitors.

What are some of the new facilities included in the proposed water park?

The new water park will include a high-altitude free-fall water slide called 'Bombs Away,' a new moon tsunami wave pool, and upgraded landscaping with ornamental flowers and grasses.

How will the proposed water park benefit the resort?

The water park will attract more tourists, increase the resort's revenue, and help the company stand out from competitors by offering unique facilities not found in other resorts.

What financial challenges are associated with the proposal?

The proposal requires an estimated budget of 1.2 billion for the construction of the water park. However, despite a decrease in revenue, the company’s current balance of 2.5 billion is considered sufficient to fund the project.

How does the company plan to handle potential financial risks?

Despite the large financial investment, the company expects the new water park to generate increased revenue, which will ultimately offset the initial expenses. The plan aims to bring the company into a more profitable position in the long run.

What concerns did some board members have regarding the proposal?

Some members, including Katherine Donald, expressed concerns about the cost and space usage, suggesting that certain facilities in the plan could be minimized or dropped to reduce expenses and avoid over-using available space.

What are the expected positive and negative impacts of the water park expansion?

The positive impact is expected to be increased profit and a higher number of tourists due to the new attractions. The negative impact may include over-maximizing the resort’s available space and requiring significant adjustments to the existing facilities.

When is the water park expected to be completed?

The water park is expected to be completed by the year 2024.