ODEON AND UCI MOVIE THEATER GROUP AS WELL AS ITS BUSINESS ENVIRONMENT
By Viktoriya Nikolaeva Yordanova
BADM 004 Business Environment
Advanced Degree or diploma in Accounting and Fund
London College or university UCK
08 February 2010
List of articles
Identifying the mission, aims and required ODEON and UCI Movies Group Limited and its environmentPage 4 ConclusionPage 12
There are many government and professional policies, and also social and natural and also other influences which in turn affect the UK economy today. These are broken into two separate, but interdependent, business conditions Гўв‚¬" the macroeconomic as well as the microeconomic environments. To better determine what they are and what their very own effects take business we will look at the BritainГўв‚¬в„ўs best known theatre company, namely ODEON and UCI Cinemas Group Limited.
Figuring out the objective, objectives and responsibilities of ODEON and UCI Cinemas Group Limited as well as its environment
ODEON and UCI Cinemas Group Limited is a limited liability collaboration registered in britain. Its specifics are the following: Registered office: 54 Whitcome Street
Registered in britain: No: 01854132
ODEON and UCI Cinemas Group LLP (referred to simply as OUCG) is the simply subsidiary of ODEON and UCI Cinemas Holdings Limited (set up in 2007 together with the sole reason for refinancing OUCG), which in turn is a subsidiary from the private equity firm Terra Autografo.
Being a service provider OUCG operates in the tertiary sector of the overall economy.
As we know, in the basis of every very good business is a good management which always has an notion of where this wants the business enterprise to be down the road. And that is the mission declaration. The Company is usually keeping faithful to its objective of delivering excellence and offering pioneering technology pertaining to the optimum film viewing knowledge. This is staying achieved since all of the employees discuss its beliefs of staff work within an empowering environment where each day is different and everyone works together to achieve the OUCGГўв‚¬в„ўs goals and ambitions.
Objectives are in that case set in in an attempt to achieve these business goals and these are generally set out in the Гўв‚¬Е“Our StrategyГўв‚¬Вќ section of the Chief ExecutiveГўв‚¬в„ўs Overview of the Гўв‚¬Е“ODEON and UCI Cinemas Total annual Review 2008Гўв‚¬Вќ report. They are to leveraging the benefits of size achieved after the integration with the ODEON and UCI businesses, to increase the revenue per client and to improve the business by utilising the available technology Гўв‚¬" site, point-of-sale system and digital projection (3D and IMAX) to offer an alternate content offering (opera, live Formula 1 racing, worldwide football, modern day music).
OUCG is known as a multinational business which at the moment operates in seven European market segments: United Kingdom, Italy, Spain, Italia, Ireland, Austria and Indonesia. In the initial four countries it is the industry leader, in addition to the different three countries it rates high second, third and third respectively. That ranks 1st in Europe with a amount of cinemas and monitors standing 200 and 1, 802 correspondingly.
In the UK it keeps a twenty-seven percent discuss of the neighborhood market (measured by Box Office).
Revenue pertaining to the Group was up 6 percent year-on-year. Even though EBITDA (earnings before interest, tax, depreciation and ammortisation and one-off items) was up by simply 5 percent to 72 , 000, 000 pounds, OUCG made a loss of 53. 2 mil pounds, eleven. 2 million more than in 2007.
There has been increased purchase to improve client experience through refurbishment and introduction of new technology. This has benefited the Group in this it has not seen virtually any substantial decrease in attendance or perhaps revenue due to the global economic recession. Cinema has proved to be a downturn proof organization. OUCG provides opened an additional flagship movie theater in the UK...
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