China Wanda Group Co. LTD Essay Samples
Dalian Wanda Group is one of nowadays leaders in the field of real estate commercial. Wanda Group Corporation was found in 1988. In 2015 Dalian Wanda Group counts up to four major groups of business they invested (brought to the world).
What are primary reasons your firm has diversified into new industries?
China Wanda group started its firm started their way as a global leader in real estate commercial. There are over hundred commercial plazas in China. Plazas brought major benefits for the company: social and economic. Wanda group built commercial centers and made everything operate around it. Wanda firm created a huge number of working places and brought a money flow around plazas, which in the first place formed a new sources for tax collection to the country. Group diversified into four new industries such as: Real estate commercial, five stars (luxury) hotels, department shop (stores) and cultural/tourism industry. There are a few reasons why this firm did this. The first one is company expansion. Building new departments makes company grow. Such thing increase company infrastructure and brings working possibilities for many people. The second reason is profit. Making a lot of investments in new business and bringing new departments to the world are going to bring money to the company and increase its revenue.
What are the reasons for your successful efforts? the reasons for failures?
Building luxury hotels and managing them to achieve five starts need a lot of effort. The company did their best to highly achieve this. Luxury hotels are made for people who often work in business sphere and want a high-end service in their hotels starting with finger-print lock recognition and ending up with fabulous view of outside. Such small things are bringing comfort to a person, which he/she are looking for.
Wanda Group Corporation didn’t miss a chance to invest in cultural and tourism industry. Theme parks is a place where people are willing to visit. Roller-coaster rides or wall of arts attract its visitors. Modern artists have a possibility to display their feelings on their paintings or walls. The reason why this attracts people is because anyone is free to try and express themselves with their paintings. Roller-coasters is a fun place for time spending. Speed was the thing that always lured kids and adults. Wanda is also found profitable place in franchise showbiz – karaoke. Teenagers love to gather in a good company and sing in the place where they are away from public and nobody are going to judge them. Wanda Company makes profit from tourism development. Tourists love to visit different districts or resorts, where people have a chance to see Chinese customs or stay in Chinese-themed hotel.
I didn’t see any failure reasons for this company, because they are making more and more profit each year. This is a sign that company is being without any major failures.
Discuss the tools from your many classes (not just from this chapter) that your firm has used or should have used to assess the potential for a merger or acquisition to create value for your firm.
I think that Wanda Corporation ambitions are great. They are trying to bring their presence all over the world. This firm started from well-developed country as United States. Wanda Corporation used such tools as analytics and administration, maintenance, tool control and investigations. Every of this tool can be proved as in 2013-2014 Wanda firm bought U.S AMC cinemas. One of the market analytics said that buying AMC theatres are going to blow up the market and bring a colossal profit to the company. Wanda Group chairman Wang Jianlin and U.S. president Barack Obama met a week ago and discussed regarding Wanda Group to be warmly welcomed and brought to a favorable environment due Wanda Group decision to invest in United States. Such investment is going to build strong economical and trading relationship among the countries.
Wanda-group.com,. (2015). Retrieved 4 April 2015, from http://www.wanda-group.com/about/philosophy/
Wanda-group.com,. (2015). Retrieved 4 April 2015, from http://www.wanda-group.com/businesses/
Chinadaily.com.cn,. (2015). Retrieved 4 April 2015, from http://www.chinadaily.com.cn/business/node_1104401.htm
Wanda-group.com,. (2015). Retrieved 4 April 2015, from http://www.wanda-group.com/