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Disneyland
Disney is one of the most revered companies in the entire world. The company has excelled in many different areas including its Disneyland franchise. Disney success in this regard is due in large part to the type of corporate governance the company has embraced over the years The company presents these guidelines based on various subjects including but not limited to The composition of the board of directors, Functions of the board of directors, Implementation of the Guidelines, Board meetings, board leadership and Social Responsibility. As it pertains to reporting requirements the corporate governance guidelines explain that
"The Chief Executive Officer shall seek the advice and, in appropriate situations, the approval of the Board with respect to extraordinary actions to be undertaken by the Company, including those that would make a significant change in the financial structure or control of the Company, the acquisition or disposition of any significant business or the entry of the Company into a major new line of business (Functions of the Board of Directors, 2011)."
Disney also requires that a substantial majority of the individuals on the board of directors be independent from the company. This means that many of the directors have no material ties to the company, which has an impact on the decisions that are made in regards to the company.
In addition the company has placed a great deal of emphasis...
Succession involves the transitioning of one Chief Executive Officer (CEO) to the next CEO. Succession planning is important because it assist in guaranteeing that the new CEO can function appropriately in the role and that the transition is a smooth one.
Disney is also adamant about ensuring that it has the appropriate information to ensure that the best decisions are made for the company (Implementation of the Guidelines, 2011). In the context of the Disneyland franchise this means that the company is paying a great deal of attention to trends as it pertains to the number of people visiting amusement parks each year. The company will also pay a great deal of attention to the average ticket prices at parks and economic trends. This information assists the company in setting the appropriate prices for admission tickets based on the estimated number of visitors and the economic conditions that families are facing. This strategy is one of the reasons that the Disneyland franchise has been so successful over the years.
Although Disney's theme parks have received a great deal of recognition for their exceptional service and accommodations. The park has also had some problems at some of its theme parks. For instance, Hong Kong Disneyland has not received a great deal of fanfare. This lack of fanfare is due in part to the lackluster way in which the park opened and the limited attractions at the park. The park…
Bibliography
Official Website of Disney Corporation, 2011. Implementation of the Guidelines. [online] (Updated 30 Jan 2011) Available at: http://corporate.disney.go.com / corporate/guidelines18.html
Official Website of Disney Corporation, 2011. Functions of the Board of Directors. [online] (Updated 30 Jan 2011) Available at: http://corporate.disney.go.com / corporate/guidelines2.html
Schuman, M, 2006. Disney's Hong Kong Headache. [online] (Updated 2006) Available at: http://www.time.com/time/magazine/article/0,9171,501060515-1191881,00.html
It is hard to imagine (indeed, impossible to imagine) how a large company could not have a web presence as a central part of its marketing campaign. However, this does not that the company's website is as effective as it might be, or even very effective at all. One of the consequences of the fact that websites have become both ubiquitous and necessary is that there is actually less pressure
There was little effort to adapt to local culture other than to require the employees to speak English and French (Travel Weekly; 10/24/1994; Godwin, Nadine (http://www.wired.com/wired/archive/10.02/disney.html). When the park was built outside of Paris the same areas that are in the United States parks are in the Paris parks. There is a Main Street, Discovery area, Frontierland, Adventureland and other familiar areas. The problem became the fact that the areas are
Compliance with Government Regulations and Current Issues - Initially, this joint venture between the Walt Disney Company and the Hong Kong government appeared successful as evidenced by the huge crowd it attracted since its opening on September 12, 2005 (Great Holidays and Hotels 2004, Giezl 2005). The very next day, Park chairman George Mitchell arranged for the opening of a second park in the adjacent lot. The government required an
" Gane 107) This potentially creates a stifling and an inability of women, the holders of virtue (especially given our imagery the virgin princess) to laugh at a torn dress and an exposed areola the way some European cultures do. Fashion has become modern sexuality in the sense that it has the function of establishing these qualities or attributes. As everything gets drawn into this system gradually all culture is affected by
Disney sets them up, sexes them up, and throws them under the bus when they come of age. But who is complaining? Very few. The fact is celebrity gossip has become an industry unto itself. People love watching stars fall. If Disney can provide the stars, people will watch. In summation, Disney Corps. has gone from Dumbo to just plain dumb. Yet, the park Walt Disney originated in 1955 holds
but, in addition to having to give up a share of profits to partners, it will most likely be more difficult for the company to control expenses such as real estate and labor costs and to standardize operations where desirable. 2. Why do you suppose Disney made no financial investment in Japan, one of $140 million in France, and then one of over $300 million in Hong Kong? Tokyo Disneyland opened