Pros
There is a reason Wynn Resorts consistently maintains 5 stars, its the level of service and behind that are people. The pro is you are truly able to learn from the best in the business, Individuals who have been hand selected for their skill level and absolute dedication to their industry.There is so much to be learned from such different management styles that all have one thing in common, guest satisfaction.
Cons
There is a lot of 'red tape' to go through to get something done that falls outside of Policy and Procedure which limits empowerment. There is no room for error which is understandable, however, it can also create uneasiness among employees and instead of owning mistakes and seeking out guidance it cultivates a certain amount fear in employees(especially line level) and an unwillingness to own their actions.