In: History
Could you please highlight the using the PESTEL analysis, what are the most critical factors in the PESTEL analysis, or rather the upward trending factors and why?
What are the international drivers for Wanda in acquiring AMC and Legendary and as such use the PESTEL analysis and Porter's Five forces?
Some external variables affecting the organization may be identified in the PESTEL. According to the argument, formerly, the film industry between countries was not extremely open due to concerns about espionage ("The case of Wanda in China," 2021). This could potentially happen in the future, as the US and China have opposed policy ideas. There is considerable tension between them, damaging commercial agreements between industries such as cell phones or film. Economically speaking, there is a gain for both powers, China and the USA, because they have sufficient investment to continue expanding despite the two nations' recessions. In terms of societal considerations, there is some doubt over how the merger of Wanda's and another foreign sector may affect the viewer's perception of the picture.
Technological advancements in the cinema may have a beneficial or destructive effect on Wanda's Studio. Finally, in terms of legal considerations, following new acquisitions of foreign enterprises, several country-specific restrictions complicate the organization's global performance. The following results were collected from five Porter's Forces. When there is significant competition among current competitors, it becomes difficult for existing players, such as AMCs, to get real advantages. Also, if the AMC's customers have strong negotiating power, they will often drive down these lines, limiting the AMC's ability to get real advantages. If the risk of replacement products and services is significant, AMCs must either continuously invest in other goods and services or risk losing out to disruptors in the industry.
Additionally, in terms of provider negotiating power, if the suppliers have strong bartering ability, they will remove the more costly rate from the AMC. We can discover more about Wanda's Studios' growth plan thanks to various analytic techniques. Wanda's Studios has become one of the most popular and significant film businesses in the industry due to its investments and new acquisitions of many film companies ("The case of Wanda in China," 2021). As a suggestion, this approach should target new modalities and markets that may emerge in the future, increasing competition. Because resources are crucial in this sector, making good use enables the company to perform better and expand sustainably.
References
The case of Wanda in China. FutureLearn. (2021). Retrieved 20 July 2021, from https://www.futurelearn.com/info/courses/cultural-diplomacy/0/steps/46523.
Some external variables affecting the organization may be identified in the PESTEL.