Strategic Plan for Digital Music Organization EMI Essay

Strategic Plan for Digital Music Organization EMI - Essay Example According to a report by Cimilluca and Colchester (2011), in November 2011, the Citigroup announced a deal to sell EMI’s recorded music business to Universal Music Group for $1.9 billion and music publishing business to Sony/ATV consortium for 2.2 billion. This paper will suggest a strategic plan for this digital music organisation by referring to a number of strategic management theories including PESTLE analysis, Porter’s five forces model, SWOT analysis, and BCG matrix. PESTLE analysis Political factors The EMI maintains good relationship with overseas counties with intent to expand its business operations globally. Since the company offers extensive employee benefits including flexible work schedule, family friendly policies, and other flexible benefits; it gets full support from political environment. Economic factors The recent global economic recession has dreadfully affected economies worldwide and many of those economies are still under the process of recovery. Hence, the current economic environment is not favourable for the company. Socio-cultural factors Historically, music is present everywhere regardless of cultural variables such as customs, lifestyle, language, values, and beliefs. Hence, socio cultural factors provide the company with potential business environment. Technological factors The technology sector has been dramatically improving for the last two decades. The emergence of internet was a milestone in the history of music entertainment industry (BBC News, 2000). Therefore, current technological landscape is better for EMI’s business growth. Legal factors Governments worldwide have developed strict intellectual property laws and many of them specifically deal with music piracy issues. Thus, music entertainment industry is encouraged globally. Environmental factors People today are highly concerned about environmental sustainability. Therefore, increasing environmental concerns raise some sorts of challenges to every sector, and music entertainment industry is not an exception. Hence, EMI has to invest more on environmental sustainability so as to enhance its business growth. Porter’s five forces Degree of rivalry While analyzing the music entertainment industry, it seems that degree of competitive rivalry is very high. Since EMI is a multinational company, it struggles to confront with regionally focused rivals that are more knowledgeable about people’s music tastes. Hence, the company is forced to depend upon price cutting and M&A strategies to survive market competition. Buyer power In music entertainment industry, buyer power is relatively high since there are numerous potential sellers. In addition, market giants like Sony offers quality products to customers at cheaper rates; this situation compels EMI to cut its prices in order retain its customers. Supplier power EMI has high bargaining power over its suppliers as the organisation is well reputed for its quality music prod ucts and services. Since there are large number of potential suppliers in the industry, supplier price changes would not affect EMI’s business activities. Moreover, supplier switching cost is very low in the music entertainment industry. Threat of new entrants Threat of new entrants is very high in the industry, particularly because of the

Free to explore topics and thesis of your choice, but paper has to Research

Free to explore topics and thesis of your choice, but has to have very strong thesis - Research Paper Example To aid in this analysis, focus will be drawn on three films that have undertones of criticism of this particular educational system. These series are collectively known as the Yeogo Goedam I,II and III. Whispering Corridors is a series containing five movies that was first released on the 30th of May, in the year 1998. Being horror by genre, it came at a time when horror was not exactly popular and the teen films had dwindled to non-existence. The cast consisted of new actresses and actors save for a single who actor who played the part of a teacher. Whispering Corridors took a different turn from the conventions of serried films. This is because all of the each of the series is independent from the previous ones and the characters are new in all of them. The common thing between them all is that they are all horror and they are all casted in an all-girls boarding school. Despite the fact that it came as a far cry from the popular genres at the time, the audience’s response to it especially the teenage response, was very great. It was not released during the summer vacation as per the norms of teen movies, the reaction then had something to do with the context of the film. It did well in the box office having reached 2.5 million admissions. This success came after the producer, OH Ki-Min, had been turned down by over en production companies who did not see the place of horror in the Korean Film industry. It was finally accepted by Cine 2000 and Cinema Services who went against the odds of the industry and produced what turned out to be a benchmark for subsequent horror films in Korea. Notable though is the film’s lack of extreme emphasis on horror itself much as it is presented as a horror movie. What they do is employ the horror undertones as a channel of conveying various issues that affect the Korean society. This paper will focus on the first three of the series, that is, Whispering Corridors 1 (Yogo Kwedam I), Memento Mori (Yogo Kwedam II) an d Whispering Stairs (Yogo Kwedam II). Whispering Corridors 1, also known as Yeogo Goedam, touches on important social and cultural issues in its storyline, especially issues that border the unique South Korean educational system. The fact that it depicted the educational system in negative light made the film be subjected to rigorous censorship. After the ban on the censorship it was released for public viewing. It of course caused a stir upon its release but at the end of the day the message that was intended had been put across. The plot of the movie focuses on three platonic relationships between the girls who have some affiliation with the school, Jookran High School For Girls. The first friendship ties are between Hur and Jin-Ju. The second bunch of friends is Ji-Oh and Jae-Yi. The other one is between So-Young and Jung-Sook. So-Young and Jung-Sook, however, have such a strained relationship that they are not in speaking terms with each other. The movie opens with a female teac her at the school, Park, is talking on phone with another teacher about a discovery she has made on a former student of the school, Jin-Ju. Mrs Park has been nicknamed Old Fox due to her unkind treatment of the students who attended the school. She says that Jin-Ju, apparently dead, is back. She however gets killed before she gives a full statement of her discovery. Her body is discovered by three students, Jae-Yi, Jung-Sook and Ji-Oh, the following day. The administration