Page 42 - Stakis Consolidated Teaching Note

Structure

Even in this initial assessment the study of the

organisation structure of Stakis cannot be divorced from
the study of the key players in the company. The

organisation charts below identify these key players. The

organisational developments recorded should related to

the changing nature of the business - the growth in the
number of hotels, the increases in staff numbers, the rise

in turnover etc. Thereafter, the chronology of events

should be set against the changes in the earnings per

share (EPS). The outcome is a critical event pattern.

A : Reo/Andros ORGANISATIONAL STRUCTURE

Stakis Plc was a family owned business. It expanded over

the years to become a hotel and leisure company involved

in casinos, hotels, restaurants, pubs, discos, property and
finance. In 1988 there were four divisions, each with its

own headquarters, a board and a managing director who

sat on the main board. The Group Head Office acted as a

treasury for the divisions by determining profit plans and
setting borrowing levels.