What type of change does Red Carpet need?

Review the Red Carpet scenario (see attached ) for this course and prepare a 750–1000 word executive report that includes the following:

• What type of change does Red Carpet need? Should it be transformational, developmental or transitional and why?
• What employees or employee groups should be key stakeholders in the change and why?
• What initial activities should be planned to begin the change process?

Please read the Scenario for the company (Red Carpet)

Red Carpet LLC is a national hospitality and entertainment company with headquarters in Philadelphia, PA with national operations in the US. Historically, the company has had 3 divisions: hotels, food service, and cruise lines. However, it recently completed the acquisition of Sparkstar theaters, a movie theater company, that it is slated to become its 4th division. Red Carpet now owns 200 hotels in 48 states, 4 brands of restaurants with 1776 locations, 4 Buoy Bay branded cruise ships, and 300 Sparkstar theaters.