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Strategic Assessment of The Walt Disney Company
Walt disney media conglomerate
Walt Disney Strategic Planning
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The Walt Disney Organization has many different business units. For example the company produces movies, television shows, a television network and music. It also has merchandise to support the movies, music, and tv shows. Another entertainment sector of the business is the cruise lines, adventure travel and amusement parks. The amusement parks are located in Paris, Tokyo, Hong Kong and two locations in the United States, Florida and California. We will discuss the park history and some of the challenges and accomplishments that Disney has faced expanding its parks globally.
History
The Walt Disney Company was launched into popularity with a little mouse called Mickey in the first fully sound synchronized cartoon called Steamboat Willy in 1928 (The Walt Disney Comany and Affliated Companies, 2011). Next came merchandise, animated and live action feature films, television shows and theme parks.
With the success of the production side of the company, Walt Disney was interested in finding something new. He focused on a place that parents and children could enjoy the entertainment together. Disneyland, the company’s first amusement park opened its doors in 1955 in Anaheim California, with Walt Disney welcoming everyone with the phrase “To all who enter this happy place, welcome”. It is indeed was a very happy, a very popular and profitable place. The park’s four hundred acres allowed visitors to fly with Peter Pan and experience the animated characters face to face (The Walt Disney Comany and Affliated Companies, 2011). Some of the limitations that the California Park encountered was space. The city of Anaheim had grown around the park and there was little space for expansion. They did eventually take a large portion o...
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Works Cited
The Walt Disney Comany and Affliated Companies. (2011). Retrieved January 25, 2011, from Comapny History: http://corporate.disney.go.com/corporate/complete_history_1.html
Ahlstrom, D., & Bruton, G. D. (2010). International Management Stategy and Culture in the Emerging World. Mason: South-Western Cengage Learning.
Leerhsen, C., & Gleizes, F. (1992, April 13). And now, Googy goes Gallic. Newsweek, 119(15), 1.
Solomon, J., & Stranger, T. (1994, Februrary 14). Mickey'd trip to trouble. Newsweek(123), 5.
Spencer, E. P. (1995). Educator Insights: Euro Disney--What Happened? What Next? Journal of International Marketing, 3(3), 3.
Toronto Star. (2010). Walt Disney egar to spread its magic kingdom to Shanghai. Canada: Reuters News Agency.
Yoshida, R. (2010, February 4). Mojo eludes Disney in Hong Kong. Japan Times, p. 1.
problems. In a study done on the role of the Walt Disney Company, Vincent Faherty explains
The World of Disney. Lanham, MD: Scarborough Press, 1985.
The Walt Disney Company is a highly diversified media and entertainment company that has been growing by leaps and bounds since its inception in the late 1920’s. In the past few decades, The Walt Disney Company has expanded into numerous markets and diversified its business greatly. The company states that their corporate strategy is targeted at creating high-quality family content, exploiting technological innovations to make entertainment experiences more memorable, and expanding internationally. Upon studying the happenings of the company throughout the years, it is easy to see that the company is executing this strategy well through numerous strategic moves in the industry.
It would be very hard to not have heard about Disney because he has released so many different kinds of animations, but during the 1950’s Disney began to become less involved in the animation department, entrusting most of its operations to his main animators, the Nine Old Men, although he was always at story meetings. Instead, he started concentrating on other things. On a business trip to Chicago in the late 1940s, Disney drew sketches of his ideas for an amusement park where he envisioned his employees spending time with their children. These ideas developed into a concept for a larger enterprise which was to become Disneyland. Disney spent five years of his life developing Disneyland and created a new company, called WED Enterprises, to carry out the planning and production of the park. In March 1952 Walt Disney got permission to build Disneyland. Construction work started in July 1954, and opened in July 1955; the opening ceremony was broadcast on ABC, which reached 70 million viewers.The park was designed as a series of themed lands, linked by the central Main Street, U.S.A a replica of the main street in his hometown of
The Disney corporation is easily the greatest empire of entertainment in the world thanks to the creator Walt Disney and his brother. Disney’s influence has been great within culture and society and I learned how much of an influence Disney has had through our course this semester. This influence is reflected and broadcasted through the many works and readings that we examined in class. The articles gave me new knowledge about Disney that I was previously unaware of.
(1) Michel G. Rukstad, David Collis; The Walt Disney Company: The Entertainment King; Harvard Business School; 9-701-035; Rev. January 5, 2009
This paper will assess the corporate culture of Walt Disney, addressing the background of the organization, training and teaching, stories, legends and myths associated with the company, philosophy, values, mission statement and the organizational goals of the company.
Walt Disney's enchanting world full of magic and enjoyment was a result of one man's ambition to share his dream with all who could appreciate it. Each year Disney World gets bigger and more evolved with the help of people that have the creativity and ambitions like Walt Disney. As time has passed, the rides and attractions have been redone to keep up with the demands of our modern, changing society. Throughout time it has definitely changed and because of this, Disney World has grown into a contemporary multi-theme park with attractions galore.
One of the key factors of the successful diversification is the very strong branding of the name Disney. That the name was famous after the success in the early years made it among other things possible to go into the theme park industry. Evaluated isolated, the theme parks was a success. But when also accounting for the synergies created, the decision to go into this industry was a huge success. It has created a spiral of synergies, where the characters in the movies get more popular due to the parks, as well as the fact that when people are visiting the parks they get stimulated to buy the merchandise. This is just one example of the synergies that exist in Disney. When Michael Eisner took over control in Disney, he kept focusing on same corporate values as earlier, which are quality, creativity, entrepreneurialism and teamwork. These values have been preserved despite of the size of Disney, and are an important factor in sustaining and building the Disney brand.
The Walt Disney Company started as a small entertainment company in 1923 (Disney.com, 2011). Since that time the company has used various strategies enabling them to grow into a global entertainment company.
The presence of 330 million consumers around the Shanghai is yet another key factor that made the Disney to invest approximately $5.5 billion in this park. Without doubt, the market for Disney is growing across the globe and emerging and fast growing economies offers a huge opportunity for the growth and development. The China expanded its economy at 10% growth rate in the past straight 30 years therefore the Walt Disney will sees the immense growth from its theme park in
But the Disney theme park located just outside Paris did not consider several managerial issues as well as consumer preferences. Walt Disney found Chinese population very lucrative and wanted to open a theme park somewhere around China. After two American parks and one Japanese park, they wanted to avail of the Chinese market which was previously unexplored. Disneyland, after initial talks with Hong Kong government, eliminated any other possibility of majority ownership so that they could invest on management and fees of franchise from their first-cut profits. Finally, Walt Disney had a management team of long experience of dealing with almost all the large and developed markets around the world. With the unparalleled resources and capital they already had, they could easily conduct proper market research before diving into the market in Hong
First off lets start with some background information that will help us understand where Walt Disney World came from. Walt Disney had opened Disneyland in July of 1955. After seeing the sucess of Disneyland, Walt decided that he wanted
The Walt Disney Company, or more commonly known as Disney, is an American corporation headquartered in the Walt Disney Studios, Burbank, California. Disney (DIS) is the largest operator of theme parks and resorts and largest media conglomerate, reported total revenue of $11.58 billion, a 4% raise from the previous year in its third-quarter results. Most of its revenue is generated from the media network segment and the park and resort segment. Disney's strategies mainly focus on generating the best creative content possible along with innovation and utilizing the latest technology. (Seekingalpha.com, 2014)
Most successful firms spend millions on building a strong brand image. Disney must continue to expand the brand at every opportunity and keep the focus on its image. The creative energy of Walt Disney himself must exist throughout the organization. Disney can’t afford to lose its “magic” as the stakes are too high. So far, Disney is a textbook example of marketing genius. The mantra “Think local, act global” is a winning strategy for Disney since their product has a market all over the world. Everyone loves being entertained and escaping to a fantasy world every now and then.