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The need for change at Red Carpet is driven by the company's desire to boost its overall performance in the business and enhance its position as a market competitor. The purchase of a theater company justifies the requirement that Red Carpet alters its business practices in order for the organization to be able to run the newly acquired business. For Red Carpet to successfully operate its standard business and the movie theater, a significant adjustment is required. This considers that the company would be obliged to break away from its distinct corporate culture and implement new guidelines to manage the hospitality sector, in which Red Carpet works, and the new theater industry (Napier et al., 2017). Red Carpet's decision to incorporate the theater into its corporate culture will require the company to implement some much-needed operational adjustments. For a business to undergo transformational change, it must first develop a strategic plan that outlines how operations will be managed. It is an essential model of transformation since it enables a business to boost its overall performance and, as a result, improve its chances of success in the market (Napier et al., 2017).

To guarantee that the organizational changes successfully achieve the goals set or desired, all stakeholders should model the changes. Employees of an organization are the most critical stakeholders since they are the ones who can rapidly determine whether or not a change is successful. To ensure that both of its businesses function as a single entity, Red Carpet should recruit individuals from a variety of backgrounds who are well-suited to their respective fields. Red Carpet has to prioritize recruiting qualified workers in the electronics and electrical engineering sectors.

Analysts and personnel working in human relations would also play an essential role in ensuring the success of the Red Carpet purchase. Red Carpet would need such staff because they would be responsible for maintaining harmony across all departments. The staff of Red Capet should be up to date and be able to keep up with the latest trends despite their constantly shifting nature. Due to this, the organization has the potential to maintain its competitive edge in the hospitality as well as creative sectors.

After completing the purchase of the movie theater, Red Carpet should begin by formulating a comprehensive plan outlining how it intends to integrate the newly acquired business into its existing structure. This should include the management, workers, policies, laws, and regulations expected to be in place. With the help of the plan, the company should assess how efficient the process of acquiring new assets is and provide timetables for how the transition to the new state is anticipated. Because of this, the business can avoid incurring costs that are not essential and continue to be competitive across the entire market with fewer or no variances. In light of the results of these evaluations, the company may accept the new organizational structures and put the determined policies, laws, and regulations into effect. For the company to avoid any potential internal conflicts, it should make every effort to involve all of the organization's essential stakeholders.