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Strategic planning at disney company
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The Walt Disney Company Examination of Branding Excellence Monroe Clemmons 9/5/2015 Brief Summary of the Case From humble beginnings as a cartoon studio in the 1920s to today 's global corporation, The Walt Disney Company continues to proudly provide quality entertainment for every member of the family, across America and around the world. One of the key statements in the text states, “Disney’s greatest challenge today is to keep a 90- year- old brand relevant and current to its core audience while staying true to its heritage and core brand values.” (Kotler, Keller, 2012, p. 179) Diversification has been one of Disney’s smartest business decisions. Today Disney has ventured into various industries such as studio entertainment, …show more content…
Disney embraces the use of modern technology to reach its core customers. Disney has taken advantage of social media as well. Disney is extremely active in the social media sphere under the name “Disney Living.” ("Disney Living - the official channel for the coolest and newest Disney products for all ages.") Disney has more than 300,000 “likes” on Face book, 29,000 followers on Twitter and 8.8 million views on YouTube in just less than two years. (Warren) In addition to social media, Disney advertises in conservative media as well. It believes in steady advertising both online and offline, so as to be forever in its customers’ minds. Disney uses sales promotions and direct mail. Whether it is the theme parks or the movie theater, Disney tries to provide entertainment to children and the child in everybody. It believes in repeatedly improving its products and service contributions. In its theme parks, Disney continually updates and modernizes its rides so as to satisfy usual customers while attracting newer ones. Disney is also a marketing genius by continually creating new sources of revenue. If you look around when inside of one of the Disney parks you will notice advertising everywhere. The rides, the kiosks, even the building signs have sponsors on them. Disney is a master at building synergy among its businesses, such as theme parks, merchandising, movies which bring in more revenues and profits. To …show more content…
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. References Disney Living - the official channel for the coolest and newest Disney products for all ages. (n.d.). Retrieved September 4, 2015. Kotler, P., & Keller, K. (2012). Marketing management (14th ed., Global ed.). Boston, [Mass.: Pearson. Our Businesses | The Walt Disney Company. (n.d.). Retrieved September 4, 2015, from https://thewaltdisneycompany.com/disney-companies Warren, C. (n.d.). Disney Marketing: The Happiest Social Media Strategy on Earth. Retrieved September 4, 2015, from http://mashable.com/2011/08/03/disney-social-media/ Yue, W. (2009, November 1). The Fretful Euro Disneyland. Retrieved September 4, 2015, from
Disney is the epitome of children’s entertainment. Disney serves as one of the largest sources of
Disney’s long-term attractiveness of its industries in their business portfolio is for the most part high. Disney has their hand in a bunch of different industries. All of these separate businesses create revenue, but some more than. By comparing with other entertainment companies, Disney has different styles of entertainment for its
This expansion has made the Disney brand known all over the world. Disney is known for its strong brand equity. Their brand is known for being wholesome and it has built this image through its animations.
The Walt Disney Company has evolved from a wholesome family-oriented entertainment company into a massive multimedia conglomerate. Not only is Disney a producer of media but it also distributes its and others’ media products through a variety of channels, operates theme parks and resorts, and produces, sells, and licenses consumer products based on Disney characters and other intellectual property. CEO Michael Eisner has been instrumental in many of these changes. How can such extensive changes occur while trying to maintain the Disney brand?
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.
Disney’s long-run success is mainly due to creating value through diversification. Their corporate strategies (primarily under CEO Eisner) include three dimensions: horizontal and geographic expansion as well as vertical integration. Disney is a prime example of how to achieve long-run success through the choices of business, the choice of how many activities to undertake, the choice of how many businesses to be in, the choice of how to manage a portfolio of businesses and the choice of how to create synergies between those businesses (3, p.191-221). All these choices and decisions are made through Disney’s corporate strategies and enabled them to reach long-term success. One will discuss Disney’s long-run success through a general approach. Eisner’s turnaround of the company and his specific implications/strategies will be examined in detail in part II. Disney could reach long-run success mainly through the creation of value due to diversification and the management and fostering of creativity, brand image and synergies between businesses (1, p.11-14).
Disney has been a household name for a number of generations since its humble start in a cartoon studio in the 1920s. Since then they have brought forward the animation classics of childhood for the majority of the world.
Maintaining Disney at the top level is no easy task, much time and effort was needed to develop Disney into the big corporation they are today. Since their establishment in the theme park industry, Disney has received much credit regarding their approach to the general American population. Disney’s behavior over time accurately reflect their success through their values , their innovation and their customer service. Because of this, Disney continues to improve, expand and gain more influence over other theme parks in the United States.
The Walt Disney Company is known throughout the world as a leader in entertainment. The strategies that the Walt Disney Company have used include competitive advantage, a growth strategy, and a renewal strategy. When a person mentions a theme park, Disney is the first park that comes to mind. They were not the first theme park, but they have mastered the art of creating memories for adults and children alike. As a former employee of Disney I can vouch for the amount of effort that goes into creating memories for families. Disney is a leader when it comes to the theme park business, and other parks look at Disney as a leader. An example of this is that other parks will not raise admission prices, until Disney first raises their prices. WESH.com said "It remains to be seen if Disney's move will trigger a round of similar increases at other Orlando theme parks. Historically, when Disney raises its prices, the other parks follow" (2011, p.1). There is not a company in the world that can provide the "magic" that the Walt Disney World company can provide (Disney.com, 2011).
The company has strong diversified product portfolios and generate high returns and revenues from all the target segments but the media networks contributes The Walt Disney also focus to create various revenue streams such as franchise that provides a digital multiple platforms that directly connect with people and gives them plethora of accessible options. The company also sees consumer product line as one of its important revenue generation stream. Other major revenue platforms for the Disney Company includes the Social Games based on famous characters such as Avengers. Furthermore, the introduction of the TV series and kid channels provides an immense opportunity for the company to expand its presence and generates a mammoth income from it.
From a small community area within the suburbs of Chicago to the hills of California, Walter Elias Disney’s journey through life is considered to be, at least by myself, an incredibly inspirational story. Walt Disney was the epitome of an innovator during the era that he was alive for. His determination and resiliency to follow his dreams were never stopped as he created one of the most successful corporations in the world today. His lasting legacy has shaped The Walt Disney Company’s business strategies for the present and ongoing future. In terms of revenue The Walt Disney Company, otherwise known as Disney, is currently considered the second largest media firm in the world, only to be behind Comcast (“Global 2000”). It is my goal to break down Walt Disney’s story towards becoming the influential leader that he will always be remembered as. After touching up on his background story, I want to walk you through the very beginnings of the Disney Company all the way to the end of Walt’s life. The story will begin where all he had was a small cartoon named Oswald the Lucky Rabbit and finish with Walt’s latest and greatest accomplishment, Mary Poppins. I will illustrate the difficult times and successful times throughout his almost 50 year reign within the media business. Notice how I only relate to Walt Disney’s life as a story; I do this because I firmly believe that his life was the greatest story of them all. He has brought so much joy to families with his revolutionary ideas and willingness to take risks because he wanted to share his imagination with the world. The story of Walt Disney’s life truly was a dream come true.
The Walt Disney Company was a leader in animation, because he had Techno color and new ideas for the time being of entertainment. Disney's company makes all their money from theme parks, movies, tv shows and animations. With all the advertisement Disney has brought in a lot of money. The Walt Disney company had nothing then, one's dream is now a living empire.
The Disney Company can be said to be the king in the entertainment industry. It has been running for almost a hundred years now and from the way things are currently it will be for a long time. With its mission statement as a guide for the operations at Walt Disney Company, they are bound to become a force to reckon with in the entertainment industry
They are worth over $40 billion and employ over 180,000 employees. They are the second largest entertainment company in the world and to reach their goals of being one of the best internationally, they need to bring in international help. They have a whole diversity division within the corporate section of Disney that specializes in bringing in diversified employees and making sure that all their projects and products are brought through many tests using different people from all over the world to make sure they appeal to every culture. The Walt Disney Company has become the most diverse corporation in the world and they even won an award from the diversity journal awarding the most diverse company in 2015. They have managed their selves wisely and have become a great company to work for and if you are looking for a job, no matter what section of the world there is most likely a way for you to get involved in Disney. They are always looking for the new ways to branch out and especially within Corporate section they are
The Walt Disney Company is one that provides a broad spectrum of goods and services, making it extremely unique. The company divides themselves into five main categories: Media Networks, Parks and Resorts, Walt Disney Studios, Consumer Products, and Disney Interactive. These five factions do different things from producing movies to running theme parks. The Walt Disney Company, an oligopoly as few firms exist with the same relevance in society, continues to prosper and have positive revenue in all recent annual reports. While costs of production may be extreme and expensive, The Walt Disney Company brings in major profit continuously. Holding a major share of the market, Disney is a very powerful and very relevant company.