AMC Theaters is our
company of focus. We will provide a detailed overview of the company's history
as well as their mission and goals. Along with that we will analyze the theater
industry to have a better understanding of AMC's competitive strategy, taking
into consideration the firm's strengths and weaknesses.
AMC Theaters is a very large corporation, therefore they make
use of many Management Information Systems tools in order to meet their needs
and accomplish their tasks in an efficient and effective manner.
We are focusing on
the AMC Human Resources Department , reviewing their tasks and expectations and
how their Information Systems aid in attaining those expected outcomes.
Analyzing the MIS tools would help determine if the currently utilized programs
are the best option for the company to accomplish the Human Resources Department goals. Possible alternatives will be considered and
evaluated in order to draw a conclusion and provide useful recommendations to
AMC that will help improve their Management Information System Processes.
AMC Human Resources Operations Flow Chart
AMC Human Resources Operations Flow Chart
Movie Theater
Industry
The movie theater
industry is a highly competitive market which demands a significant amount of
capital most of all to invest in successful infrastructure. This industry has
an oligopoly structure in which competition is fierce and where strategies to
set your business apart from the rest are very limited; this is only referring
to Mutiplex Cinemas. Along with the rivalry amongst competitor, the large Cinema corporations also have to
compete with local movie theaters which can in many occasion take some of their
clientele.
Enterprises
operating in this environment must create highly competitive business strategy
in order to stay in business. Movie Theater firms need to consider the best
alternatives to set themselves apart from the competition. To do this
effectively they are required to hire the best staff members to provide high
quality customer service; offer distinctive services and providing their
consumers with a variety of features and amenities to keep them coming back.
This industry limits businesses' possibilities of differentiating their products, because there are few studios
producing mainstream movies and their lease dates are the same for all the
Cinemas. Multiplex Cinemas must build
their business strategy focusing on all the possible services they can provide.
AMC Theater History
Downtown Kansas City, Missouri, 1920. |
AMC Theater's started as a family business during the 1920's. A Midwest, tent show performer, Edward Dubinsky decided to settle in Kansas City, Missouri and open his first movie theater. By the 1950's he already owned over a dozen drive-ins and theaters. In 1960 when Edward Dubinsky died, his son Stanley took over the business. Consequently, in 1963, Stanley decided to bring innovation into the nature of the business and launched the first Mall-based theater offering multiple screens. In 1968 the company consolidated into American Multi-Cinema and expanded the multiplex concept throughout the nation. In 1983, American Multi-Cinema decided to go public, and at this point they shortened their name to AMC. The company was growing and expanding at such a fast pace that during 1992 they started to accumulate a great amount of debt. The excessive investments forced them to start laying off employees and eventually sell part of their company. (Hoovers Inc., 2013).
Overall, AMC was able to recuperate and continue doing successful business. In 1995, AMC opened the first North American megaplex in Dallas, Texas. In 2000, AMC partnered with a variety of entertainment companies to form MovieTickets.com which allowed customers to purchase movie tickets right over the internet. Later in 2006, AMC partnered with Lowes Cineplex, which significantly improved the company's holdings by adding around 2,000 more screens to AMC and in turn expanding internationally to around 12 other countries. The business alliance with Lowes maintained the AMC name, as well as keeping the same CEO, Peter Brown. In 2011, AMC purchased over 90 film houses from Kerasotes ShowPlace Theatres. A year later they publicly announced plans of possibly being acquired by Wanda Group, a Chinese Investment company (Hoovers Inc., 2013). The Wanda group has acquired AMC at this point, and owns controlling interest in the company.
Mission Statement
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