For our project, we studied the entire journey of Disney movies- from its humble beginning as a production house to its journey up the ladder to world’s second largest media multinational and entertainment company; by coming up with unique business and corporate level strategies, leading to diversification, differentiation, mergers and acquisitions. We chose Disney movies within the entertainment media domain because the organization is constantly striving for excellent performance and yet is continually changing to adapt to the consumers’ taste. Walt Disney has been one of the best global companies. It has the mission of providing entertainment to the world in an innovative way. The company has been working since eons with the concept of
Disney’s mission statement is “To be one of the world’s leading producers and providers of entertainment and information. Using our portfolio of brands to differentiate our content, services and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world.” (The Walt Disney Company) Disney operates, using a strategic business unit (SBU) type organizational structure. Its four SBUs consist of Parks and Resorts, Studio Entertainment, Media Networks and Broadcasting, and Consumer Products. Resorts and Parks Walt Disney Company owns and operates the following resorts and parks; Walt Disney World Resort & Cruise Lines in Florida, Disneyland Resort in California, ESPN
The Walt Disney company is one of the most well known company in the world. “The Walt Disney Company originated with its animated characters and expanded into other adjacent businesses with the goal of bringing happiness to families via several different, but related revenues” (Carillo, Carlos et. al). The vast majority of society has had some exposure to Disney, whether movie films, parks, television shows or toys. This makes Walt Disney one of the most profitable businesses in the world.
Since the 1930’s, the Walt Disney Company is known for producing characters, images, as well as stories which have created happiness for audiences around the world. This corporation has grown from a small cartoon studio run by famous Walt and Roy Disney to a million dollar business. In Janet Wasko’s novel, “Understanding Disney”, Wasko explains Disney as corporation calling it “The Disney Empire”. Throughout her novel, Wasko argues that Disney is set up like a typical profit seeking corporation, as well as creates and manufactures fantasy, and lastly re-invents folk tales by americanising them. Rather than looking at Disney as a place of magic, Janet Wasko examines Disney as a corporation, which is known to be the largest entertainment corporations in the world.
This may sound simple but it was a lot different than the Anaheim resort competing with the Six Flags parks in Los Angeles. However, Disney has consistently focused on high quality service and entertainment, keeping their branding relative to their family-oriented Disney characters (Disney, n.d.). Globalized Disney has been very successful due to their willingness and ability to make required adaptions for both cultural and competition purposes. This type of flexibility is often the key factor in making an organization successful when they seek to
Disney has control over many large radio stations, music studios, cable channels and networks, film studios, merchandising outlets, as well as theme parks. Disney has clearly organized and planned their business to become a known brand, and generate as much profit they can from each industry for their shareholders using techniques like corporate synergy. Disney participates in synergy by having cross ownership of many different media and entertainment outlets, and well as aggressively advertise their merchandise (Wasko
From my perspective, companies should balance these three categories, if they want to achieve their goals. This research paper will examine about the sustainability of Walt Disney Company base on triple bottom line. Walt Disney company is an entertainment industry, that has a prestigious history. The Walt Disney, originally known as the Disney Brothers Cartoon Studio was established by Walter and Roy Disney as equal partner on October 16, 1923. The company changed its name to the Walt Disney Company in 1986.
Furthermore, Walt Disney Company provides all the employees a total rewards package which can help them to have a better life and grow professionally. The total rewards package is included 6 categories which are let the employees understand their pay, providing them good health benefits, giving them opportunities to upgrade themselves likes learning training, offering them a time off, providing them financial benefits and some extra special benefits like employee discounts. Not only that, Walt Disney Company rewards its employees regarding their performance and hard work. According to the employees’ good results, it indicates that there is a positive effect in Disney Walt Company as the employees
The creator of this magic kingdom is no man but a mouse, Mickey Mouse. The Walt Disney Company formally began in 1923 as a partnership, consisting of Walt Disney and his brother Roy Disney under the name Disney Brothers Cartoon Studio. Roy then suggested that the company just be called Walt Disney Studios, and his brother agreed. The Walt Disney Company is now a publicly traded corporation owned by its shareholders. Disney’s vision is to be the world’s leading producers and providers of entertainment.
No matter what part of the word you are in, the word “Disney” would probably be recognized by anyone. Why? Because Disney’s influence spans globally. From theme parks, to television networks, to movies, to Broadway shows, it is clear that Disney is “the” multi-media conglomerate. So, when Disney recently announced its intention to purchase 21st Century, a well-known mass media cooperation, it is no surprise that people reacted strongly.