Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Initial Problem Analysis The Business Foothill Cinema Stadium 10 is a 10-screen theater offering recent and old releases to accommodate an array of different viewer

Initial Problem Analysis

The Business

Foothill Cinema Stadium 10 is a 10-screen theater offering recent and old releases to accommodate an array of different viewer interests along with a variety of concessions and self-service ticketing kiosks. Founded in 2000 by Jacob Morgan, the theater is now the oldest movie theater in Azusa, California. In partnership with BOSE Cinema, the theater offers BOSE Vision laser projection, BOSE surround sound systems and seatings are all powered recliners for added comfort.

The Problem

The problem we are encountering is the rapidly changing entertainment world. Since the COVID-19 pandemic, affordable home theater systems and low cost streaming services like HULU, Netflix, Disney Plus and Prime Video have won the hearts of more consumers to be entertained at home. Foothill Cinema Stadium 10, along with other local theaters, are facing stagnating attendance, thus lowering revenues at a rapid pace. The theater is thinking about adding more security to the premise to offer more peace of mind to their audience in hopes to help stray away from the increased concern displayed on social media of bomb threats in movie theaters. The theater is also thinking about cross training all of their employees who work the ticket booths, concession stands, film room and janitorial duties to streamline workflow. If everyone knew how to do everyones jobs, they believe it will provide easier coverage on days when staff is low. Lastly and the most important change that the theater would like to improve on is increasing revenues through room rent outs, hosting private events and offering monthly movie subscriptions

The research???

Task: complete the research section for this initial problem analysis. Describe ways, in 1-2 paragraphs, to research this problem and consider what your/their competitors are doing to address this problem

-what research methods and sources will they expect you to use

-what research methods and tools would they deem inadequate or unprofessional?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Rajan Datar, Srikant M. Datar

16th Edition

9352860195, 978-9352860197

More Books

Students also viewed these Accounting questions

Question

What are estate, gift, and inheritance taxes?

Answered: 1 week ago

Question

1. How do sex hormones affect neurons?

Answered: 1 week ago