Categories for Amusement park

Metaphors Analysis Essay

Metaphors Analysis Essay

Economists have an image of practicality and worldliness not shared by physicists and poets. Some economists have earned this image. Others– myself and many of my colleagues here at Chicago–have not. I’m not sure whether you will take this as a confession or a boast, but we are basically story-tellers, creators of make-believe economic systems. Rather than try to explain what this story-telling activity is about and why I think it is a useful–even an essential–activity, I thought I would just tell you a story and let My changes you make of it what you like.

story has a point: I want to understand the connection between in the money supply and economic depressions.

One way to demonstrate that I understand this connection–I think the only really convincing way –would be for me to engineer a depression in the United States by manipulating the U. S. money supply. I think I know how to do this, though I’m not absolutely sure, but a real virtue of the democratic system is that we do not look kindly on people who want to use our lives as a laboratory.

So I will try to make my depression somewhere else. The location I have in mind is an old-fashioned amusement park–roller coasters, fun house, hot dogs, the works.

I am thinking of Kennywood Park in Pittsburgh, where I lived when my children were at the optimal age as amusement park companions – a beautiful, turn-of-the-century place on a bluff overlooking the Monongahela River. If you have not seen this particular park, substitute one with which you are familiar, as I want you to try to visualize how the experiment I am going to describe would actually work in practice. 2 Kennywood Park is A useful location for my purposes because it is an entirely independent monetary system. One cannot the park. At the gate, visitors use U. S. dollars then enter the park and spend the tickets.

Rides spend U. S. dollars inside to purchase tickets and inside are priced at so many tickets per ride. Ride operators collect these tickets, and at the end of each day theyare cashed in for dollars, like chips in a casino. For obvioua reasons, business in park fluctuates: Sundays are big days, July 4 is even bigger. On most concessions –I imagine each ride in the park to be independently operated–there is some flexibility: an extra person can be called in to help take tickets or to speed people getting on and off the ride, on short-notice if the day is unexpectedly big or with advanced notice if it is predictable.

If business is disappointingly slow, an operator will let some of his help leave early. So “GNP” in the park (total tickets fluctuate from want to call a spent) and employment (the number of man hours worked) will one day to the next due to fluctuations in demand. Do we slow day–a Monday or a Tuesday, say–a depression? Surely not. By an economic depression we mean something that ought not to happen, something pathological,not normal seasonal or daily ups and downs. This, I imagine,is how the park works. (I say “imagine” because I am just making most of this up as I go along. ).

Technically, Kennywood Park is a fixed exchange rate system, since its central bank–the cashier’s office at the gate– stands ready to exchange local currency–tickets–for foreign currency–US dollars–at a fixed rate. In this economy, there is an obvious sense in which the number of tickets in circulation is economically irrelevant. No-one–customer or concessioner –really cares about the number of tickets per ride except insofar as these prices reflect U. S. dollars per ride. If the number of 3 tickets per U. S. dollar were doubled from 10 to 20, and if the prices of all rides were doubled in terms of tickets–6 tickets per roller coaster ride instead of 3–and if everyone understood that these changes had occurred, it just wouldnot make any important difference.

Such a doubling of the money supply and of prices would amount to a 100 percent inflation in terms of local currency, but so what? Yet I want to show you that changes in the quantity of money–in the number of tickets in circulation–have the capacity to induce depressions or booms in this economy (just as I think they do in reality). To do so, I ’ want to imagine subjecting Kennywood Park to an entirely operational experiment.

Think of renting the suitable compensation, and taking office Neither the operators of park from its owners for one Sunday, for over the functions of the cashier’s concessions nor the customers are to. be informed of this. Then, with no advance warning to anyone inside the park, and no communication to them as to what is going on, the cashiers are instructed for this one day to give 8 tickets per dollar instead of 10. What will happen? We can imagine a variety of reactions. Some customers, discouraged or angry, will turn around and go home. Others, coming to the park with a dollar budget fixed by Mom, will just buy 80 percent of the tickets they would have bought otherwise.

Still others will shell out 20 percent more dollars and behave as they would have in the absence of this change in “exchange rates. ” I would have to know much more than I do about Kennywood Park patrons to judge how many would fall into each of these categories, but it is pretty clear that no-one will be induced to take more tickets than if the experiment had not taken place, many will buy fewer, and thus that the total number of tickets in circulation–the “money supply” of this amusement park economy– willtake a drop below what it otherwise would have been on this Sunday. Now how does all of this look from the point of view of the operator of a ride or the guy selling hot dogs?

Again, there will be a variety of reactions. In general, most operators will notice that the park seems kind of empty, for a Sunday, and that customers don’t seem to be spending like they usually do. More time is being spent on ‘freebies’, the river view or a walk through the gardens. Many operators take this personally. Those who were worried that their ride was becoming passe’ get additional confirmation. Those who thought they were just starting to become popular, and had had thoughts of adding some capacity, begin to wonder if they had perhaps become over-optimistic.

On many concessions, the extra employees hired to deal with the expected Sunday crowd are sent home early. A gloomy, “depressed” mood What I have The reduction in and employment. settles in. done, in short, is to engineer a depression in the park. the quantity of money has led to a reduction in real output And this depression is indeed a kind of pathology. Customers are arriving at the park,eager to spend and enjoy themselves. Concessioners are ready and waiting to serve them. By introducing a glitch into the park’s monetary system, we have prevented (not physically, but just as effectively) buyers and sellers from getting together to consummate mutually advantageous trades..

That is the end of my story. Rather than offer you some of my opinions about the nature and causes of depressions in the United States, I simply made a depression and let you watch it unfold. I hope you found it convincing on its own terms– that what I said would happen in the park as the result of my manipulations would in fact happen. If so, then you will 5 agree that by increasing the number of tickets per dollar we could as easily have engineered a boom Sunday after our manipulations boom in the park. But we could not, clearly, engineer a Sunday by this method.

Our experiment worked only because caught everyone by surprise. We could have avoided the depression by leaving things alone, but we could not use monetary manipulation to engineer a permanently higher level of prosperity in the park. The clarity with which these effects can be seen is the key advantage of operating in simplified, fictional worlds. The disadvantage, it must be conceded, is that we are not really interested in understanding and preventing depressions in hypothetical * amusement parks. We are interested in our own, vastly more complicated . society.

To apply the knowledge we have gained about depressions in Kennywood Park, we must be willing to argue by analogy from what we know about one situation to what we would like to know about another, quite different situation. And, as we all know, the analogy that one person finds persuasive, his neighbor may well find ridiculous. Well, that is why honest people can disagree. can do about it, except keep trying to tell better I don’t know what one and better stories, to provide the raw material for better and more instructive analogies. How else can we free ourselves from the limits of historical experience so as to discover ways in which our society can operate better than it has in the past?

In any case, operating much of that is what economists do. We are storytellers, the time in worlds of make believe. We do not find the realm of imagination and ideas is an alternative to, or a retreat practical reality. On the contrary, it is the only way we have found think seriously about reality. that from, to 6 In a way, there is nothing more to this method than maintaining the conviction (which I know you have after fouryears at Chicago) that imagination and ideas matter.. I hope you can do this in follow. It is fun and interesting and, really, there is alternative. Robert E. Lucas, Jr. December 9, 1988 the years that no practical.

Cedar Point Amusement Park Essay

Cedar Point Amusement Park Essay

When I lived in Michigan, one of my fondest memories was going to Cedar Point Amusement Park in Sandusky, Ohio. We lived over 3 hours away so it was a perfect day trip. When we reached Cedar Point Road, Lake Eerie was to the right and along the horizon seventeen roller coasters stood high as sky scrapers. As we entered the park we were greeted by Snoopy and the Peanuts gang.

The park was soon filled with children laughing, parents pushing strollers, and adrenaline junkies looking for the next thrill.

As the aroma of sugar candy coated apples filled the air, we dashed to the snack shop for candied apples and cotton candy. We enjoyed our sugary treats on the Giant Wheel which is known as North Americas largest Ferries Wheel. Coming off the Giant Wheel we find ourselves entering Snoopy town, where Snoopy and the gang entertained the audience with music and dance.

As the show ended, we decided it was time to ride some coasters.

The first coaster we rode was the world’s fastest coaster the Top Thrill Dragster which slingshot us from 0 to 120 mph in less than 4 seconds and in 15 seconds we were spiraled up 420 feet and back down to the finish line. We soon found ourselves wet on Shoot the Rapids the wettest water coaster that took us up and splashed us down. It was refreshing as the temperature was rising.

Now we were at the end of the park and to our amazement stood the world’s largest wooden roller coaster. Its handsome and elegant architecture was admirable to look at. Aboard this coaster we were rocketed through the hills and turns, just like life, full of ups and downs. Above all Cedar Point Amusement Park is fun for all ages. It clearly left me with a lifetime of memories, to return home to Maui and share with loved ones.

Do people success by emphasizing their difference from other people? Essay

Do people success by emphasizing their difference from other people? Essay

Born to be different, individuals should emphasize and completely take advantage of their uniqueness in order to succeed. It is those differences that launch those who emphasize distinctness of things, into success. Through the stories of amusement parks, the theme has been manifested to be true for several times. Randy Guthrie, the ex-CEO of the ocean park, constructed Ocean Park by imitating Western amusement parks such as Disney, and finally launched Ocean Park into serious ‘financial crises’.

Noticing that several amusement parks became popular, Randy built Ocean Park in Hong Kong after observing different styles of other counterparts, and imitated their instruments and cartoon characters in 1979.

In the year of 2003, as more and more amusement parks appeared, as well as the attack of SARS,the outdated Ocean Park suffered from bankruptcy-threatening loss, 4100000HKD. Have no way to go, the then-Chief Executive of Hong Kong Tung Chee-hwa invited another innovative man, Zeman to be the head of Ocean Park.

Allen Zeman, an ingenious entrepreneur, found out and explored uniqueness of Ocean Park, and eventually gave rebirth to the park.

Considering closing Ocean Park as a pity, Zeman tried his best to save it. Wandering around in the park, Zeman noticed that the management and equipments of Ocean Park were seriously outdated and beyond ‘repaired’. After thinking for long time, he realized Ocean Park should emphasize its own peculiarity—its distinctive location, and should no longer imitate other amusement parks.

The breath-taking beautiful seaside of Ocean Park is a fantastic vantage point compared to other parks. Zeman defined the parkas a theme park about animals, ocean, environment, education and conservation, and invited 15 designers from the United States to transform the draw-up blueprint into a cutting-edge aquatic animal-centric theme park. These efforts finally born fruitin2005,when the park made a profit of 95700000HKD. Also as all the change he exerted in the ocean park began to work out, in 2006; a record of 4.38 million visitors came to Ocean Park, giving it ticket sales of $539 million Hong Kong dollar.

Emphasizing and taking advantages of differences, not only enable Ocean Park to be one of the most popular theme parks in the world today, but also launched Zeman to great success. Had Allan Zeman not focused on Ocean Park’s uniqueness just like Randy, neither Ocean Park nor he would be as successful as today. Nothing will be same in the world. Every individual should emphasize his or her own difference in order to success.

Ocean Park Cast Study Essay

Ocean Park Cast Study Essay

Officially opened on 10th Jan 1977 by the Governor of Hong Kong, Sir Murray MacLehose, the Ocean Park was constructed with HK$150million funded from the racing profits earned from the Hong Kong Jockey Club while the land was given free by the Hong Kong Government. It is located in Wong Chuk Hang and Nam Long Shan in the Southern District of Hong Kong.

The park has won several awards, including The World’s Seventh Most Popular Amusement Park and 33rd Most Visited Tourist Attractions in the World by Forbes (American publishing and Media Company.

) and their vision is to be the world leader in providing excellent guest experiences in an amusement park environment connecting people with nature.

On 1st July 1987, Ocean Park ceased to be a subsidiary of the Hong Kong Jockey Club, becoming its own statutory body, with a Government-appointed Board. At present, Ocean Park is managed by a financially-independent, non-profit organization called Ocean Park Corporation. In Jun 2005, Ocean Park achieved its highest recorded attendance in its history.

Gross revenue grew by 12% and was HK$684 million in 2005 due to their monopoly conditions. It was then Hong Kong Disneyland was opened on Sept 2005 and Ocean Park faced serious competition. The Monopoly Days Even though Ocean Park monopolizes in Hong Kong, they suffered losses from 1999-2002. It was mainly due to the famous Asian financial crisis, while the SARS in 2003 inflict more damages to Ocean Park. The revamping of the brand logo from seahorse to sea lion (Whiskers) on 2000 did leave a better vivid impression to the public, but it was not enough.

The management did not see innovation as a major factor to rein still interest to the public, the thrill rides eventually become out-dated and shabby yet Ocean Park remain contented with their current status. The huge investment on the Abyss Turbo Drop was a good start to innovate, but it does not give the public the urge to take a 2nd ride. Activities and festival events ideas were further introduce to attract the public which manage to receive great response from the public.

Eventually, employees create a work culture and comfort zone which retards the Ocean Park’s reengineering policy, though the management realizes the need of culturing innovation. The workforce resisted the change and become reluctant and worried about facing the new challenges ahead. The Intervention of Hong Kong Disneyland On Sept 2005, 3rd Disneyland from Joint venture Walt Disney and Hong Kong SAR government was set up with their selling points on those famous Disney Cartoon Characters.

Though the admission fees were much higher compare relatively to Ocean Park, their price was considered the cheapest entry for Disneyland and new thrill rides definitely act as surprises for the public who already attended Ocean Park before and acts as an option between the two strong rivals. In terms of attractions, Both Ocean Park and Disneyland have their unique selling point to have a fair market share in Hong Kong. Ocean Park is primarily focusing on nature and wildlife, providing educational to the public on animals while Disneyland emphasis on creating fantasy and virtual stimulations.

With sure fierce confrontation from Disneyland, Ocean Park has to seek an immediate response to prevent them for doom. They fought back by introducing new roller coaster and aquarium; build hotels nearby to go head-on-head with Disneyland which always come with hotels for tourists. Major Problem Ocean Park faced Ocean Park already faced shortage of talented and educated employees, due to the fact that the majority of these employees tend to favor finance sector than tourism industry, The great demand is further enhance as Disneyland is competing with Ocean Park for these talents.

In terms of career opportunities and prospect, Disneyland has the upper hand over Ocean Park. To add salt to injury, Disney is deemed to poach Ocean Park’s best workers. 3-way attack for Ocean Park (Defender Strategy) I will propose and advise on the management of Ocean Park a 3-way attack to have the lion share of the pie between the two rivals. *** Pricing Package/ Educational package Since Ocean Park has the advantage over Disney over the price of the tickets, I will propose the management team to setup a sales team to target the school and students.

Implementation educational tour packages to Mainland/ Hong Kong students will eventually be interesting for school to organize excursion and post-exam events. Disney is more to a virtual land; they cannot provide the educational aspects as compare to Ocean Park. *** Human Resource Management (HRM) The ability of employees is essential to every organization. The management needs to introduce better remuneration packages, better salary wages for staffs whom they interested in keeping and bloom them.

A lucrative pension scheme may be able to keep the current employees loyal. Next, provide strict interviews for new employees and send all the employees to service training to brush up their public relation skills to provide a class of service way above Disneyland. *** Innovation The ability to innovate will determine who has the lion share in the Hong Kong Market. Word of mouth is definitely the best form of advertisement. The only reason why tourists will intro to their friends/family the amusement park is fun and thrilling.

Since the majority of the tourists are from Mainland (China) , it will be wise if they can do a short survey to poll the public what types of excitement they looking for in amusement park and begin source and introduce new fantastic rides. Take reference on those abroad amusement parks and why they are always so attractive to the public. Furthermore, Ocean Park can organize monthly events with relation to public holidays or the season with attractive discounts towards the price of the tickets. Conclusion.

In terms of all rounder, Ocean Park definitely has the edge. The combination of high octane, thrills and spills rides, with superb, and educational, state of the art marine shows and exhibitions is unbeatable. Ocean Park has a pair of superb rollercoasters, a log flume and rapids ride. There are also a number of mid range action rides, meaning there is plenty to keep the family going all day. Disneyland on the other hand has only one rollercoaster and almost no mid range action rides, meaning anyone over the age of ten will be quickly bored.

On the other hand, Disney does have a slightly better selection of toddler and young rides, although Ocean Park is also no slouch in this department. Furthermore, Ocean Park’s selection of Marine shows are also first class, including shark aquariums, dolphin shows and the superb, sci-fi styled Jellyfish exhibit which provide a extra field of education. Disneyland has nothing to compete with these excellent family friendly shows.

In conclusion, Ocean Park will eventually edge out Disneyland, proving that local companies can still compete head to head with big MNCs (Multi-national Company) References http://www. usatoday. com/news/world/2007-06-14-ocean-park_N. htm http://www. docstoc. com/docs/17307909/Ocean-Park-VS-Disney-As-we-know_-Ocean-Park-and-Disney-Park-are http://gohongkong. about. com/od/themeparks/a/OceanvsDisney. htm http://www. articlesbase. com/destinations-articles/hong-kongs-oceanic-aquarium-ocean-park-vs-hong-kong-disneyland-3530410. html.