Company to focus on AMC Entertainment Holdings Inc

Posta polished and synthesized entry into the discussion area, which will also be the basis for an entry into the final draft of your Strategy Playbook for Extraordinary Results. At minimum you should add the following to your discussion post and Strategy Playbook:

• An evidence-based and cohesive set of specific and actionable recommendations for actions (based on application of this week's strategy concepts), that your selected organization can take that will clearly enable your organization to achieve its strategic goals, sustain and grow its business, and remain viable and healthy.
• HINT: You should provide a preliminary argument that defends your recommendations. Consider why your recommendations are SMART- specific, measurable, achievable (that is realistic and feasible, and timely (relevant and important).
• A related set of metrics that will enable your selected organization to measure the effectiveness of your recommended actions.

Previous discussion post:

Strategic management involves the managers in an organization drawing steps that will help the organization achieve its goals. AMC Entertainment Incorporation is a Holding Company that deals with theatrical exhibitions. The Company strives to present its customers with the best experience. It is therefore important to analyze the competitive advantage of the firm in order to increase its profitability.

Explanation:

Specific and Actionable Recommendations

AMC Entertainment Holdings Inc to increase its competitive advantage, it should ensure that .The recommendations below look into combating the threat of new products that may arise in the AMC Entertainment's market, how to deal with the bargaining power of suppliers, how to minimize rivalry from competitors, and how to deal with the threat of new entrants. The first recommendation looks into providing a solution to reducing rivalry and reducing the threat of new entrants. The second recommendation looks into dealing with the bargaining power of suppliers with the last recommendation being on reducing the threat of new products.

The company should aim on differentiation and innovation. Innovation will aim at increasing the quality of their products and services and at the same time providing new products.

AMC Entertainment Holdings Inc should construct a systematic supply chain with many of its suppliers.

The company should be more aligned to service delivery rather than product delivery.

Two Related and Measurable Metric for each Recommendation:

AMC Entertainment Incorporation should look more into the Key Performance Indicators (KPI) that will help them determine the effectiveness of the set recommendations and strategy. The company's commercial metrics will determine whether it has achieved its objectives or not. The measurable metrics for AMC include:

Sales Revenue-The company's sales revenue is one of the most important metric that it can apply to indicate whether the set recommendations have worked or not. Innovation in their products could mean an increase in the number of sales thus increasing their revenue. Sales revenue is calculated by adding up all the customer purchases and subtracting from it the total cost returned or products that have not been delivered.

Cost of Customer Acquisition- This is another important metric that the company should consider. This is an important measure of determining whether the company has increased its customer base from their increase of service delivery. Measuring the cost of customer acquisition should follow with the measuring of the customer's lifetime value.

Sales Growth Year to Date- This metric determines the rate of increase and decrease in the number of sales. AMC Inc should therefore measure their number of sales periodically. This is a metric that can be used to measure the effectiveness of constructing a systematic supply chain with the company's suppliers.

Gross Margin- This metric will measure any improvements in the company's processes and productions. Gross margin is calculated by subtracting the cost of services and products sold from the total sales.

Types of Data and how it should be collect

The data that may be needed by the company includes determining the total number of sales made daily, weekly, or yearly. The company should also determine the cost of products and services sold. The company should also calculate its cost of running their business.

Potential Challenges the Company May Face in Implementing the Recommendations

Ineffective training of staff may pose a challenge in the implementation of these strategies. Lack of communication may also be a challenge. Improper follow through may lead to the organization performing contrary to the plan. If regular reviews are not done progress may be hard to monitor.

The performance metrics indicated above may be applied to ensure that alignment towards the plan is ensured every moment.