The Walt Disney Company Analysis

“The Walt Disney Company is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.” (The walt disney, n.d.) At year end of 2013, the company had net revenues of $45 billion, up from $42.3 billion the previous year and net income of $6.1 billion, up from $5.7 billion the previous year. ("Walt disney co," 2014)

Enterprise Risk Management

Risk management is a way for firms to grow and create value. Enterprise risk management programs give organizations the tools they need to make quicker decisions with confidence. Steven Hunt, vice president of research at Forrester Research states, “It’s like driving a car: You can only go fast if you know you have good brakes.” (Buchanan, 2004) “As organizations develop their risk management processes, they can use those processes to consider the opportunity side of risk and use those processes to both protect and create value.” (Frigo & Anderson, 2014) The following will be an overview of The Walt Disney Company’s risk management practices.

The People

At The Walt Disney Company, they understand that the people are one of their biggest assets. The success of the company wouldn’t be possible without their employees, from top-level executives to individual employees, which they refer to as cast members. With that being said, it would only make sense that they implement a comprehensive risk management strategy for workers’ compensation. Disney recognized that reputation is another one of their biggest assets and disregarding the safety of their employees and care for injured workers would be a contradiction to their closely held values an...

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