Get instant access to this case solution for only $9

Convene Getting Ready For Growth Case Solution

Solution Id Length Case Author Case Publisher
1733 407 Words (2 Pages) Susan Fleming, Matthew Legge Ivey Publishing : W16033
This solution includes: A Word File A Word File

Convene operates in a capital-intensive industry with the strategically distinguished proposition of providing highest quality, standards and services to local meetings market by capitalizing the opportunity of collaboration between underutilized assets and the hospitality industry. The company aspires to grow the brand nationally and become the market leader in providing top class meeting technology-enables meeting facilities with luxury and convenience.

Case Analysis for Convene Getting Ready For Growth

However, the process of expansion can be weakened by the changing economic landscape of the region coupled with hiking real estate prices. Amidst these circumstances, the company must adopt a number of measures to effectively manage the expensive expansion standards.

The company must undertake profit pool mapping to gauge which segment of the current business is the most profit making. This involves evaluating the volume of meetings held and the costs associated with it to analyze which premium services can be re-engineered at lower costs to provide the same level of excellence. Improving the cost base is essential for Convene as the low-returns in capital-intensive industries tend to become endemic. In addition to this, cost allocation is critical which companies of this size and nature often ignore. The company must also not lose sight of Capex as it is heavily dependent upon financing needs which must be serviced promptly. 

Get instant access to this case solution for only $9

Get Instant Access to This Case Solution for Only $9

Standard Price


Save $16 on your purchase


Amount to Pay


Different Requirements? Order a Custom Solution

Calculate the Price

Approximately ~ 1 page(s)

Total Price


Get More Out of This

Our essay writing services are the best in the world. If you are in search of a professional essay writer, place your order on our website.

Essay Writing Service
whatsapp chat icon

Hi there !

We are here to help. Chat with us on WhatsApp for any queries.

close icon