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Disney strategic plans
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Organizational Structure
A company with one of the finest organizational structures known all over the globe for its movies, theme parks, and clothing. Currently having 479 retail stores in the United States, and is one of the best multinational companies in the world, having stores located in Canada, Denmark, the United Kingdom, Ireland, France, Spain, Italy, Portugal, and Japan. The Walt Disney Company is recognized throughout the world, as the “The Happiest Place on Earth” (unknown).
This paper will provide a detailed description of the organizational structure of Walt Disney and how it started as just a dream, and expanded to one of the most recognizable multinational corporations throw-out the world. Furthermore, it will analyze the history of how this company came into existence, how the organization structure was established, and ultimately can the organizational structure of this company be improved in any way.
The Dream
Walter Elias Disney was born in Chicago, Illinois December 5, 1901, most of us know him as Walt Disney. Walt had a love of drawing at an early age. After
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World War I, Walt’s brother Roy got him a job at Pesmen-Rubin Art Studio where he met a cartoonist named Ub Iwerks. He went on to work at the Kansas City Film Ad Company, where he made commercials out of cut out animation. After a few years, he went on to open his own business called Laugh-O-Gram, which went bankrupt in 1923. That same year, Walt, his brother Roy and Ub Iwerks pooled their money and moved to Hollywood, California forming a partnership known as The Disney Brothers’ Studio on October 16, 1923 (unknown). Disney’s core business is that it strives to be the world’s most famous entertainment company by creating amazing experiences for individuals of all ages, all the while obtaining the motto “The Happiest Place on Earth.” After exploring the history of how Walt Disney came into existence, let us look at the organization structure and how it was established. Structure As learned through this course an organizational structure starts with the vision of where the company wants to be and its purpose and values. (Nahavandi, Denhardt, Denhardt, & Aristigueta, 2015, p. 437). Disney has a structure of organization that has shown to aid in being innovative and creative. The chart that Disney follows is not that of a formal hierarchy, like the majority of companies in the world. It is rather a chronologically based organizational chart to make a film (Gendron, 2014). Allowing everyone to be on equal ground with-in the company. Walt Disney’s vision was to create a company that would become the world’s largest destination vacation spot, through his unique organizational structure has accomplished this with over 17 million visitors per year. People come from near and far to get a glimpse of what a huge empire this company has become. Not only do people flock to visit the theme parks and stay in the resorts but also the entertainment side has reached depths no other entertainment company can match. The chart below shows the vision of Walt Disney, on the left is a standard organizational chart and on the left is Disney’s organizational chart (Hirasuna, 2009). This way of thinking has ultimately led to the success of the company. Improvement Can Disney’s organizational structure be improved upon?
With any process, there is always room for improvement. Disney, although one of the best multinational companies in the world, it is not the best. With that being said, Disney can look at the possibilities of tweaking some of its structure, looking at each process and identifying the most important and asking the question “What is the best way to do want they want to do?” and the answer to that question will be the basis of restructuring the process (Nahavandi, Denhardt, Denhardt, & Aristigueta, 2015, p. 465). Although, as far as Disney goes, they have proven to be at the top of their vision and would not change much at all. Think about how Disney has affected the world, I would go so far as to say that almost every household has at least one movie that is a Disney movie; whether you are old or young, we are all kids at
heart. This paper provided a detailed description of the organizational structure of Walt Disney and how this company started as just a dream, then expanded into one of the most recognizable multinational corporations throw-out the world. Furthermore, it has analyzed the history of how this company came into existence; how the organization structure was established, and ultimately answered the question of can this company’s organizational structure be improved in any way.
problems. In a study done on the role of the Walt Disney Company, Vincent Faherty explains
The entertainment industry holds the immense potential for growth and development. The industry is constantly evolving and Walt Disney emerge as a global leader and recognized as the world’s second largest media conglomerate in the terms of revenue after Comcast. The Walt Disney Company is a multinational entertainment conglomerate headquartered at California, United States. The company integrated its products into five target segments are as follows: (1) Media Networks (2) Parks and Resorts (3) Walt Disney Studios (4) Disney Consumer Products (5) Disney Interactive. 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 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.
Walter Elias Disney was born on December 5th, 1901, in Chicago. He was the fourth of five children, having three brothers, Herbert, Raymond, and Roy, when he was born. In 1903, parents Elias and Flora added a daughter, Ruth, to the family. Elias worried about big-city life, so the Disney family moved to a farm near Marceline, Missouri, in 1906 (Jaffe 7). Walt’s job on the farm was to take care of the animals, many of which would inspire his famous characters later in life (“Walt Disney”). These beloved animals were also the subjects of Walt’s first sketches.
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).
In reviewing the vast corporation of the Walt Disney Company and all that it has to offer, one profound statement made by Walt Disney himself comes to the forefront, “I only hope that we don’t lose sight of one thing – that it was all started by a mouse” (Walt, n.d.). This statement suggests that the company has a strong focus to continually guide them in the way of the original idea of the company. Even as it watches the changes taking place in society and adapts to the new technologies and innovations, the Walt Disney Company has been able to implement diverse strategies for its growth and prosperity.
Comparing the size of Disney’s theme parks to that of a shopping store this can be a little harder to accomplish. Each area of the theme park must be broken down and managed, like different departments within a department store, only on a much larger level. When the theme park will open, when shifts will start and end, how many street vendors will be in the park and where, and how long rides will last. These are all things that need to be planned so the company can reach a larger goal. So how Disney’s theme parks are managed would be part of their operational strategy.
The precise plan of Walt Disney pictures would be to bring foreign investments that would help to improve the government and communities organizational processes. The reason this is important is because Kava needs to develop a successful business culture that will help them to overcome the tremulous times they have been faced with and allow them to thrive in the future. Kava can achieve this by stimulating the economy thru tourism in a way that would bring more foreign investors. By doing the proceeding Walt Disney Pictures will be able to encourage the ethical decision-making community.
The company that I choose to explore is The Walt Disney Company. Walt Disney started the Disney Brothers studio in 1926, after years of working as a cartoonist. I selected this company due to the fact I am a fan of their products and services. Disney produced some of my favorite films like Aladdin, Hook and The Lion King. After I visited their website, I discovered that Disney owns multiple media outlets, in such areas as film, Internet, music, broadcasting, publishing and recreation. According to Disney’s “The mission of The Walt Disney Company is to be the one of the world’s leading producers and providers of entertainment and information. Using our portfolio of brands to differentiate our content, service and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world”. The Disney brand is doing exactly what their mission states.
This case provides a brief history of management conflict and change at Walt Disney Company. Former CEO Michael Eisner was considered to be controversial because of his abrasive style and tendencies toward micromanagement. It was this style that strained several important relationships to the Disney Company. Though his reign as CEO during the 80’s and 90’s helped advance Disney Company, it was his conflicting management style that led to his demise and the beginning of Robert Iger’s epoch at Disney. Since Iger has taken the helm as CEO Disney was ranked 67th in the Fortune 500 list for largest companies, it has become the largest media conglomerate in the world, and relationships and disputes stemming from Eisner have been reconciled.
If it would be profitable to split up Disney means that the NPV of the company is higher split up than the company in going concern in its present state. Doing this calculation is a complicated issue, which is outside the scope of this study question. But based on the above answers it does not make sense to split up Disney. Doing this would be very value destructing because it would not be possible to take advantage of the synergies, as well as the fact that one of the worlds best branded names would be thrown away. If Disney at some point of time gets into financial problems the solution therefore will not be to split up the core of Disney. There are though businesses that can be sold away. Examples of this are the Disney Magic Cruise and the Anaheim sports teams, which are not in the core of Disney and could be sold without destroying brand value and synergy. Especially selling the cruise would release quit a lot of money, so we expect that this will be the first thing to be sold. It would also be possible to outsource the hotels and restaurants in the theme parks. But splitting up the core of Disney would not make any sense.
Walt Disney was born on December 5, 1901 in Chicago, Illinois. Walt soon moved to Marceline, Missouri where he lived much of his younger years. In
Walt Disney was born on December 5, 1901 in Chicago, Illinois. His parents, Elias and Flora Disney, gave him the name Walter Elias Disney. Walt was one of 5 children, four boys and one girl. In 1906, his family packed up and moved to a farm in Marceline, Missouri. By this time, Walt discovered that he was very interested in art and drawing. “More things of importance happened to me in Marceline than have happened since – or are likely to in the future.” (Disney, 7) Later on, the Disney family had to move to Kansas City because Walt's father, Elias, could no longer take care of his farm when he became very ill. Elias owned a newspaper company to make money for his family and had Walt and Roy, one of his other sons deliver the papers. In 1910, Walt's family once again packed up and moved to Chicago. Walter did not want to move with his family because he wanted to finish school, so he stayed behind and worked for his brother Herb through the summer. In fall, he moved back with his family and enrolled at McKinley High School. Walt did have an interest in his classes, but found a love for drawing cartoons which were featured in his school's newspaper.
Disney has a rich history and an even brighter future due to the smart decision making of the managing body. Throughout its history Disney has been heavily involved in acquisitions, keeping up with the industry trends and even starting new ones through its parks and resorts segments.
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