Regal Entertainment Group

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Recommended: Internal factors affecting business

The term “big business” attracts a wild frenzy of bad connotation that leads us to believe that the leaders in the business world are innately a bunch of no good, greedy, old men in black suits. The corporate world is cutthroat and if you want to survive in it, you will spend your days walking on thin ice, because any mistake you make can affect everyone below you. The business being analyzed in this paper is going to be Regal Entertainment Group. The exploration of the stakeholder models, internal and external factors will be discussed throughout the course of this paper. Primarily, being one of the largest movie theater chains in the US, Regal Entertainment operated 6,768 movie screens in five hundred forty eight theaters in thirty-nine states and the District of Columbia. It had over 244 million attendees, and has theaters in all of the top 30 U.S. designated market areas. Regal Cinemas was established in 1989 in Knoxville, Tennessee, with Mike Campbell as its CEO. Regal then began growing at a rapid pace, opening bigger cinemas in suburban areas. Regal Cinemas embarked on an aggressive expansion throughout the decade, swallowing up smaller chains as well as building new, more modern multiplexes. Its largest acquisition during this original period was the 1998 combination of it and Act III Cinemas, although it had acquired some smaller chains as well in the mid-1990s, including the original Cobb Theatres, RC Theatres, and Cleveland-based National Theatre Corp. By 2001, Regal was overextended like many other cinema chains, and went into Chapter 11 bankruptcy. Chapter 11 bankruptcies are available to every business, although it is most prominently used by corporate entities, and allows for reorganization. The Regal Foundation ... ... middle of paper ... ...ctions and concessions manager a long with a general and first assistant manager. I have learned from this assignment that there is so much that goes into the creation and success of a major corporation. I would consider the corporate aspect of this job a career, but the lower end of this job as more of an experience-building job due to the work ethic required to be successful as a cast member and manager. Regal Entertainment Group is able to compensate for declining movie attendance by increasing their ticket prices, which ahs proved successful thus far. This corporation employs millions, and it is a good business. Works Cited http://en.wikipedia.org/wiki/Regal_Entertainment_Group#Regal_Foundation http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=7701503 http://en.wikipedia.org/wiki/Stakeholder_(corporate)

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