Company Strengths and WeaknessesThe aforementioned data presented in the financial section demonstrates that Wynn Resorts has been a very profitable company, despite aggressive competition. To further demonstrate Wynn Resorts' success, we have identified two predominant competencies that give Wynn Resorts competitive advantages over other related companies. These skills are listed below.Company StrengthsOverall financial stability“A commitment to providing an elegant environment, high-quality amenities, a superior level of service and distinctive attractions to our guests.”1a. Does the skill give access to a wide variety of markets? The financial stability of a company like Wynn Resorts is all about growing profits. Wynn Resorts shareholders, investors and employees are more willing to run a financially stable business on financially favorable terms. These conditions allow for expansion, greater profitability and an overall stable operation. This fact suggests that Wynn Resorts has developed an ability to stay close to its core competencies and strategy through expansion. This skill therefore gives access to a wide range of potential markets.b. Does it make a significant contribution to the customer’s perceived benefits of the final product? Companies like Wynn Resorts are created to make money and increase shareholder value. Regarding the financial stability of Wynn Resorts, they need to generate revenue to cover operating costs and remains a growing concern. Second, profits reward management and owners for the business risks involved. Financial stability and earning capacity are directly linked. Additionally, strong management... middle of paper......ely strong. Potential entrants have ample access to suppliers and a consumer base willing to visit and spend money on newer, better luxury resorts. Consumers in the gaming industry have exceptional bargaining power, while that of suppliers remains somewhat weak. Even though Wynn Resorts has focused a large amount of resources to offer a variety of activities at its resort, the threat of substitutes remains relatively high. The Las Vegas Strip is associated with a massive number of casinos and luxury resorts, making it very easy for consumers to find a substitute. Works cited1. http://elonstratwinnresorts.wetpaint.com/2. http://money.cnn.com/quote/chart/chart.html?pg=ch&symb=WYNN&time=1yr&freq=1dy&charts=0&comp=&compidx=aaaaa%7E0&ind_compind=8677%7E3234821&uf=0&lf=1&ma=0&maval=60