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Walt Disney Company
Organization's culture determines communication
Walt Disney's culture and communication can be described as two sides of the same coin. It is through structured mechanisms and processes that the organization exists. It is through documents, memos, meetings, and conversations that employees coordinate their activities. These communicative behaviors are collectively known as the discourse of the company. Therefore, it is primarily identified as the means by which Walt Disney creates a coherent social reality. In case the ongoing communication practices were absent, employees would never have thought of themselves as an organization. The continuous meetings, telephone calls, corridor conversations, and sales talks are mechanisms that create the Walt Disney organization (obbins & Judge, 2011).
This viewpoint shows the connection between an organization's culture and communication. Communication is a viable way by which Walt Disney exists because its processes and structures determine the communication model adopted. This will makes employees…
References
Beebe, S.A., & Masterson, J.T. (2009). Communicating in small groups: Principles and practices (9th ed.). Boston, MA: Pearson.
Frey, L.R. (2012). New Directions in Group Communication. Thousand Oaks, Calif: SAGE.
O'Connell, T.S., & Cuthbertson, B. (2009). Group dynamics in recreation and leisure: Creating conscious groups through an experiential approach. Champaign, IL: Human Kinetics.
Robbins, S.P., & Judge, T.A. (2011). Organizational behavior (14th ed.). Upper Saddle River, NJ: Pearson- Prentice Hall.
One of the most important matters for Disney Corporation is something that is not materially valuable. Its reputation is the one thing that most tend to disregard when considering its fortune, as people would rather think about the money it generates and its possessions. However, the people at Disney's know that shareholders are expecting their investment to benefit them, given the company's tradition. In order to refrain from disappointing its shareholders, The alt Disney Company goes through great efforts to keep up with its reputation as one of the most successful corporations. In order to live up to its name, the company uses the simplest of rules, that involving ethical behavior, just as alt and Roy Disney did at the time when they started it.
Another essential factor responsible for keeping the corporation among the world's greatest is the public and its confidence. People at Disney's are well aware that…
Works cited:
1. Bigelow, Bill, "The Human Lives Behind the Labels: The Global Sweatshop, Nike, and the Race to the Bottom," Phi Delta Kappan 78.2 (1997)
2. Bryman, Alan, Disney and His Worlds (London: Routledge, 1995).
3. "Experiences at the Walt Disney Company," Retrieved August 21, 2010, from the Jobster Website: http://www.jobster.com/at/company/The+Walt+Disney+Company
4. Linetski, Barry, "Think Like an Iconoclast: The Principles of Walt Disney's Success," Retrieved August 21, 2010, from the Strategic Planning Group Website: http://www.tspg-consulting.com/printpages/DIsney_Iconoclast.pdf
When the dentist asked Walt to come over to finalize the deal, Walt had to admit that he did not have the $1.50 to recover his shoes from the local cobbler. The dentist not only came to Walt to hand over $500 for the deal, but also gave him the cobbler's fee. Walt then began work on Alice's Wonderland, in which a child was placed against a cartoon background, but this stream of activity also went bankrupt. In 1923, Walt decided he was getting nowhere and left for Hollywood to work in the movies with just $40 in his pocket. (p. 5)
After he was unsuccessful in securing any other meaningful employment, Walt was encouraged by his brother oy (who was living in Los Angeles at the time) to return to his earlier interest in animated productions and following oy's successful negotiations in gaining some financial backing and a distributor,…
References
Baker, W.F. & Dessart, G. (1998). Down the tube: An inside account of the failure of American television. New York: Basic Books.
Bryman, a. (1995). Disney and his worlds. New York: Routledge.
Burk, K. (2008). Walt's boyhood home: Marceline, Missouri. [Online]. Available: http://www.startedbyamouse.com/features/Marceline01.shtml.
Deegan, M.J. (1998). The American ritual tapestry: Social rules and cultural meanings. Westport, CT: Greenwood Press.
The Walt Disney's animated cartoon has undergone evolution moving from a classic animated character to one of the most recognized symbols in the world.
3) Risk Factors
Walt Disney's media networks is facing a cut throat competition for viewers with other cable networks and television, independent TV stations as well other media among them internet, video games and DVD's. Concerning the selling of advertising airtime, Disney's radio stations, cable networks, and TV competes with other networks and media stations. MVSPs have increased the number of networks resulting to increased pressure of competition for advertising revenues for Disney's cable networks and broadcasting. Disney's ability to acquire and maintain terms of contracts for the supply of its numerous cable-programming services has been greatly affected by market conditions in the cable and satellite distribution industry. The company's digital products and internet websites are competing with entertainment products and other web sites in their…
Currently, the alt Disney Studio produces quality movie, music and even stage plays to consumers all over the world. Feature films are released by the studio under several banners. These include Disney (including alt Disney Animation Studios) Disney nature, Touchstone pictures and Marvel Studios (Cooke 44). The Disney Music Group constitutes the Hollywood Records labels and the alt Disney Records. The Disney Theatrical Group licenses and produces live events such as Disney live, Disney on Ice and Disney Live (Cooke 45).
Disney consumer product, which is the business segment of the alt Disney Company, extends the Disney brands of products which include toys, books, magazines, apparels, home decor, stationeries, fine art, electronics and food and beverages (Cooke 45). This is achieved through a licensing organization which is focused on brand priorities such as Disney Live Action, Disney Media Network and games and Marvel among others. There are other businesses that…
Works cited
Cooke, Charles. "Back to Tomorrowland." National Review 64.10 (2012): 43. MasterFILE
Premier. Web. 13 Oct. 2012.
This award was first given to a alt Disney employee named Fred who was "taught the values for necessary success at Disney." Stated in the article is that these lessons "helped to inspire the award, in which the name Fred became an acronym for friendly, resourceful, enthusiastic and dependable. First given as a lark, the award has come to be highly coveted in the organization. Fred makes each award -- a certificate mounted on a plaque-as well as the Lifetime Fred Award, a bronze statuette of Mickey Mouse given to multiple recipients of the Spirit of Fred Award." alt Disney employees make and relive each day organizational stories and legends which serve as a reminder that there was a certain way that alt Disney wanted thing to be done. There are legends and myths about alt Disney as well which add to the excitement of being employed by the alt…
Works Cited
Debbie Patrick (2004) Walt Disney World the Benefits of Recognition "Recognition News," Vol 2, Issue 2.
Nelson, Bob (2004) Secrets of Successful Employee Recognition Online available at http://search.hp.netscape.com/hp/boomframe.jsp?query=Walt+Disney%3A+motivation+of+employees%2C+rewards&page=1&offset=0&result_url=redir%3Fsrc%3Dwebsearch%26requestId%3D25e612e3c9279ea3%26clickedItemRank%3D6%26userQuery%3DWalt%2BDisney%253A%2Bmotivation%2Bof%2Bemployees%252C%2Brewards%26clickedItemURN%3Dhttp%253A%252F%252F www.qualitydigest.com%252Faug%252Fnelson.html%26invocationType%3D-%26fromPage%3DHPResults%26amp%3BampTest%3D1&remove_url=http%3A%2F%2F www.qualitydigest.com%2Faug%2Fnelson.html.
Cultural Assessment of the Walt Disney Corporation" Online available at http://www.coursework.info/i/73377.html# .
Walt Disney
It makes deals with fast-food companies for using its characters for promotions which also serve to promote Disney productions. The company has some synergy with its television network as an outlet for Disney made-for-TV films and some television shows, though in-house productions are not as prevalent on the network as they might be.
The company has the money it needs to make changes and to continue to produce films, television shows, and other products for the public to consume. It continues to develop theme parks for different parts of the world as it sees a demand. It can draw on the expertise of people in many fields. One of its primary resources is its name, which has long been an attraction in itself. Few movie studios can give a boost to a film just by putting their name on it, but the Disney Studio can.
The Disney company needs to…
References
Coron, E., 1998, July 13, Why Mickey Mouse is sad, the European, 17.
Cunningham, S., 1995, September 7, Theme parks' roller-coaster ride to profit, the European, 21.
Harrison, E., 1999, the Managerial Decision-Making Process, Boston: John Wiley & Sons Australia
Harrison, E.F. & Pelletier, M.A., 1995, a paradigm for strategic decision making, Management Decisions, Vol. 22, No. 7, 53-59.
Disney Propaganda
alt Disney Company and its Contribution to Propaganda Usage in the United States
During orld ar II, the U.S. government retained the alt Disney Company to create a series of videos about various issues. These issues included everything from paying income taxes, dealing with gas or tire shortages, military training, as well as several that portrayed Germans and Japanese figures in vilifying situations (Higgins, 2011). The videos were animated cartoons that contained many of the company's most recognized characters and could be easily watched by adults and children alike. The animations were entertaining and produced in the same style and quality as many of their hit feature films of the time.
The government commissioned Disney studios to create the films shortly after the attack on Pearl Harbor. It was thought that having the Disney characters could make some items such as military training more enjoyable for soldiers as…
Works Cited
(1942). Disney Studio at War. Theater Arts.
Higgins, C. (2011, April 13). The Late Movies: Disney Propaganda Cartoons. Retrieved from Mental Floss: http://www.mentalfloss.com/blogs/archives/85033
Time Magazine. (1942, February 9). The New Pictures. Retrieved from Time Magazine: http://www.time.com/time/magazine/article/0,9171,777597,00.html
The Three Little Pigs went on to win an Academy Award for best cartoon of the year (45). Disney's movies were becoming much more than children's entertainment; they reverberated within a nation during a period of hardship.
During the Great Depression, many theatres started doing the "double features" (Selden 56), which meant that after renting two movies to show to people, there was not much money left over for short cartoons. This worried Disney because there was no longer such demand for his little films (Krasniewicz 87). He had to think of something to do and the first thing that came to his mind was to make an animated feature-length film. As a boy in Kansas City, he had been inspired by a silent film version of Snow hite and so this seemed like the perfect movie to make as it had everything that audiences wanted in films -- tragedy,…
Works Cited
Barrier, Michael. The Animated Man: A Life of Walt Disney. University of California Press;
1st edition, 2008. Print.
Carey, Dachary. (2011). "Cartoon History." Life 123. Accessed on February 8, 2011:
http://www.life123.com/arts-culture/television/cartoons/cartoon-history.shtml
Disney Analysis
The Walt Disney Company founded in 1922 started out with 2 employees from an animation studio. It has become a leader in family entertainment. The company has around 58000 employees worldwide and 189000 shareholders. It has become a media conglomerate with Motion Picture and Video Production (Walt Disney Picture, Touch Stone Pictures), Television Broadcasting Network (ABC), Cable Networks (ESPN, ESPN2), Amusement Parks (Disney World), esorts (Disney World), Professional Sports (Angels). (The Walt Disney Company -- A case study) We shall take a look at how the company achieved its profits, its market penetration, and its product implementation. The 5 techniques used are LE PEST, SWOT, Porters 5 Forces, Stakeholders Analysis and Business Life Cycles.
LE PEST Analysis:
LE PEST stands for political, economic, social and technological trends. The activity is essentially a brain storming session on each of these aspects. This comes into focus when a company considers…
References
Disney Available at http://www.courses.psu.edu/comm/comm497d_amh13/fall01/disney.html . Accessed on 14 April, 2004.
Le PEST Analysis Available at http://www.ask.co.uk/ix.asp?q=%22PEST+analysis%22&ac=none&xx=0&qid=5ED97BF1D582784896792C3CFD24C1C2&p=0&s=3&sp=ix&fn=t&ep=1&b=0&fo=1&r=10&io=2&fp=2&fr=1&url=http%3A%2F%2Fwww%2Emarketingteacher%2Ecom%2FLessons%2Flesson%5FPEST%2Ehtm&adurlAccessed on 14 April, 2004.
Porters Five Forces Available at http://www.ask.co.uk/ix.asp?q=Porters+Five+Forces&ac=TV_&xx=0&qid=5DE0D1D8BFDF4542B1BCFC1349B2FB89&p=0&sp=ix&fn=t&b=0&fo=2&r=10&io=1&fp=1&fr=1&url=http%3A%2F%2Fwww%2Ethemanager%2Eorg%2FModels%2Fp5f%2Ehtm&adurlAccessed on 14 April, 2004.
Product Life Cycle Available at http://www.wiley.co.uk/wileychi/innovate/website/pages/atoz/bcg-02.htm. Accessed on 14 April, 2004.
Walt Disney World in Orlando, Florida opened in 1971 as a simple theme park post-dating Disney Land in Anaheim, California. Over three decades later, Walt Disney World consists of four major theme parks: Animal Kingdom, Disney-MGM Studios, Epcot Center, and the original Magic Kingdom. These four theme parks each offer unique attractions, rides, and events for persons of all ages. Disney Animal Kingdom, the newest of the four major Orlando theme parks, offers a glorified zoo complete with interactive shows and experiences. In 1989, the Disney Corporation opened the Disney-MGM Studios in Orlando, in alignment with their original commitment to supporting the motion picture industry. In 1979, the second theme park to open on Disney grounds in Orlando was Epcot Center, a $1.4 billion project that encompasses both earthly and space travel. Finally, the 107 acre Magic Kingdom, which opened officially in 1971, is the heart of Walt Disney World…
References
All Ears Net. http://allearsnet.com/index.html .
Disney Online. http://disney.go.com/home/today/index.html .
The objective of this tight control is to ensure that the illusion of the Magic Kingdom is maintained -- it is destructive to the customer experience for a young child to see a man in a Donald Duck suit smoking a cigarette or going to the bathroom.
Disney's other businesses are also subject to tight controls. The company relies on both specific job descriptions and on training as part of the control system. Such control requires strong centralization and a significant level of managerial input over all aspects of the business. Thus Disney's internal processes are designed by management and enforcement of best practices is strict. The result is a seamless experience where customers can suspend their disbelief and enter a magic world.
The alt Disney Studios also takes a highly-controlled approach, even though its core businesses are creative. Disney focuses on market research to help guide its creative processes,…
Works Cited:
The Walt Disney Company. (2012). Company overview. Walt Disney Company. Retrieved November 17, 2012 from http://thewaltdisneycompany.com/about-disney
Walt Disney Company 2011 Form 10-K. Retrieved November 17, 2012 from http://thewaltdisneycompany.com/sites/default/files/reports/fy11-form-10k.pdf
Walt Disney Company
When Walt Disney returned from work with the ed Cross during World War One, his brother got him a job at a Kansas City art studio, and he started to experiment with animation. He and his partner made a deal with a local movie theater to run their cartoons, and the popularity of these allowed Disney to create his own studio. After losing the rights to many characters, Disney pursued the Mickey Mouse character and the third Mickey Mouse film, Steamboat Mickey, was an instant success. Many of the famous friends were created shortly thereafter. The company's first feature was Snow White and the Seven Dwarves in 1937, and it was an incredible hit, allowing the studio to produce a string of other now-classic films (Biography.com, 2017).
The company expanded into television and by 1955 it had opened a theme park. Disney has since evolved into an…
References
2016 Disney Annual Report. Retrieved April 27, 2017 from https://ditm-twdc-us.storage.googleapis.com/2016-Annual-Report.pdf
Biography.com (2017) Walt Disney. Biography.com. Retrieved April 27, 2017 from http://www.biography.com/people/walt-disney-9275533
Interbrand (2016) Global 100 Brands. Interbrand Retrieved April 27, 2017 from http://interbrand.com/best-brands/best-global-brands/2016/ranking/
Le, V. (2015) The world's largest media companies of 2015. Forbes. Retrieved April 27, 2017 from https://www.forbes.com/sites/vannale/2015/05/22/the-worlds-largest-media-companies-of-2015/#7a805f714161
Disney is positioned to continue as a profitable entity for the foreseeable future. Its businesses are strong, financials good and the company has a stable model. Disney could be involved in M&a activity, but as the largest company in the industry and having financial strength there is low likelihood that Disney will be purchased.
Memo. Founded in 1923, the alt Disney Company is a diversified entertainment company. Its businesses are mature, enjoying mainly organic growth. Revenues are stable, even through the economic downturn, although profits have slumped slightly. Disney is the industry leader and is the largest firm in the industry by all measures. It competes mainly in theme parks, television, movies and music.
Disney has strong financial ratios, marked by a low debt level, good liquidity and healthy margins. The company's returns are better than the industry average. Because of its solid financial position, Disney has few major threats…
Works Cited:
Federal Reserve Bank of New York. (2010). Federal funds data. Federal Reserve Bank of New York. Retrieved April 30, 2010 from http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm
BEA. (2010). Gross domestic product: Fourth quarter 2009. Bureau of Economic Analysis. Retrieved April 30, 2010 from http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
Hernandez, J. (2010). U.S. inflation report gives Fed breathing room. New York Times. Retrieved April 30, 2010 from http://www.nytimes.com/2010/02/20/business/economy/20econ.html?adxnnl=1&adxnnlx=1272618054-ellf4Oepfl12/+t71Oy+7g
MSN Moneycentral: Walt Disney Co. (2010). Retrieved April 30, 2010 from http://moneycentral.msn.com/companyreport?Symbol=DIS
Since this control stems from the highest chain of command, a company's policies and procedures are usually directed by this authority (Droege, n.d.). Eisner took various actions in efforts to revive the company such as changing the organizational structure, hiring new management, controlling movie budgets and adopting a new company name.
Quality Controls:
This control mechanism not only depicts the extent of the suitable product but also influences the final product provided to customers. In Walt Disney Company, this control mechanism is evident in the company's decision to enter into film production after the failure of its initial cartoon business. The focus of the film production business is to maintain wholesome entertainment for the family.
Functions of these Control Mechanisms:
The major similarity between these four types of control mechanisms is that they have a significant effect on planning and organization of the company. These four control mechanisms are also…
References:
Droege, S.B. (n.d.). Management Control. Retrieved October 19, 2010, from http://www.referenceforbusiness.com/management/Log-Mar/Management-Control.html
Housley, S. (2003). Case Analysis of the Walt Disney Company: The Magic of Disney. Retrieved from Haas School of Business -- University of California website: http://faculty.haas.berkeley.edu/meghan/299/Case_analysis_Disney4.pdf
For example, both jobs could have employee of the month programs with special perks, like free lunches, special parking spots, longer break periods and other small luxuries that allow the employee to valued and valuable. Moreover, once the individuals in these positions have at least three years of time with the company, they'll become eligible for more enticing intrinsic benefits, such as decision-making power and the ability to choose specific assignments. While these types of compensation don't have the same allure as financial ones do, they do have the appeal of giving each employee power, more autonomy and a higher degree of ability in enjoying one's job.
For instance, neither job position will receive a commission, but both will receive performance-based bonuses. For example, the security manager will receive a bonus of 10% of his monthly salary based on keep a low or steadily declining rate of crime. The facility…
References
Bohlander, G.W. Snell, S. (2007) Managing Human Resources. Mason: Thomson Learning
Fundamentals of HR Management. Chapter 11: Establishing Rewards and Pay Plans p. 284-310
Walt Disney Prospectus
#1 Disney offered a five-year bond at 4.5% for sale. These are classed as Global Notes and they were available in denominations of $2,000 minimum and $1,000 after the first $2,000. The notes cannot be redeemed prior to maturity, but the company can redeem at any time at fair value. These are fixed rate notes at 4.5% and they will be paid out semi-annually. The global notes means that they are cleared both in the United States and in Luxembourg, allowing the company to tap the European financial markets. One of the main underwriters, Deutsche Bank, is partly responsible for the European part of the issue. The debt is, however, wholly denominated in US dollars.
There are several steps that Disney undertook in order to enhance the marketability of the debt securities. First, the price and conditions of the issue need to be favorable for the market…
References
Disney Form 10-K for 2010. Retrieved May 15, 2017 from https://ditm-twdc-us.storage.googleapis.com/2015/10/2010-Annual-Report.pdf
Ingram, M. (2015) Six years later, Disney's acquisition of Marvel looks smarter than ever. Fortune. Retrieved May 15, 2017 from http://fortune.com/2015/10/08/disney-marvel/
Walt Disney Company prospectus: Global notes 4.5% due 2013. In possession of the author
alt Disney including: a history leader- page applying leadership traits-: inspiration, goal setting, praise recognition, training/coaching, problem solving, planning,
alt Disney: Leadership style
alt Disney was a creative man who built an empire around his vision. Love or hate his product, he created a distinct, family-focused 'Disney style' of entertainment. Before alt Disney, cartoons were regarded as largely derivative forms of entertainment, as a warm-up to the feature film. Disney placed cartoons front and center of the American entertainment experience during a time when movies were one of the central ways in which Americans came together to enjoy a commonly-enjoyed fantasy. He later parlayed this success into television, and even into theme parks which brought the cartoon experience to life. Disney was able to create his cutting-edge vision through near obsessive control of his product and tunnel-vision focus upon his goals. He was a transformative leader, inspiring his subordinates with…
Works Cited
Cherry, Kendra. "Transactional leadership." About.com. 2012. [30 Nov 2012]
http://psychology.about.com/od/leadership/f/transactional-leadership.htm
Krasniewicz, Louise. Walt Disney: A Biography. Greenwood, 2010
Straker, David. "Transformational leadership." Changing Minds. 2012.
Walt Disney Company's objective is to be one of the world's leading producers and providers of entertainment and information, using its portfolio of brands to differentiate its content, services and consumer products. The Company's primary financial goals are to maximize earnings and cash flow, and to allocate capital profitably toward growth initiatives that will drive long-term shareholder value.
(http://disney.go.com/corporate/investors/index.html
*Organizational structure
Diseny has a tall (or vertical) organizational level with 13 hierarchical structures. This means that the CEO is at the top with levels of hierarchy beneath. Each sub-managerial level controls its own territory. The obverse to this is a flat (horizontal) structure.
*decision-making strategies
The matrix that Disney offers as template for its decision-making strategies are the following: safety, courtesy, show and efficiency. This guides all of its business decisions and serves as heuristic for making decisions (Freeman, 2001) According to Housely (2003) Disney's decision-makign strategy is heterogeneous, attempts…
References
Disney Corporation http://disney.go.com/corporate/investors/index.html
parks, W. (2007) Associated Content. The magic of Disney's organizational concepts. http://www.associatedcontent.com/article/381660/the_magic_of_disneys_organizational_pg5.html?cat=3
Freeman, L. (2001)Freeman, 2001. Disney Exec Suggests Matrix For Decision-Making. Credit Union Journal
http://findarticles.com/p/articles/mi_km3607/is_200109/ai_n8617602/ .
Disney
Internal Memorandum
Michael Eisner, CEO
Case Overview
The purpose of this memo is to provide an outline of the case Walt Disney Company: The Entertainment King and the outline the alternatives that Disney has at its disposal. The best alternative for restoring ROE growth is to tap back into what made Disney great in the first place, which is creative ideas that are nurtured and brought to market.
The company has been suffering from a decline in ROE, which is currently below 10%. The rebound Disney experienced last year was almost entirely due to the success of Who Wants to be a Millionaire?, which has masked underlying weakness in the rest of our businesses. The company lost several key executives, creating a talent void. This in turn affected creative output, and the company began its slide at this point. The company's rebound in 2000 was aided by strong performance…
Walt Disney is the epitome of success through perseverance and hard work. The animator, filmmaker, and entrepreneur once said, "All of our dreams can come true, if we have the courage to pursue them." Disney had dreams that many did not think was possible to come true, and yet he continually proved to the world that anything was possible. The world of magic that we know of today would not have existed without the dreams and accomplishments of Walt Disney, who built veritable empires out of his own imagination. It is impossible to picture children's entertainment or theme parks without invoking the contributions of Walt Disney. His innovation and personal sacrifices required to make those innovations tangible realities have given us a world of magic and a world with no limitations to our imaginations.
Many have known Walt Disney to be the man who built the theme parks, particularly Disneyland…
References
Pat, Williams, How to Be Like Walt: Capturing the Disney Magic Every Day.
2) Bob, Thomas, Walt Disney -- An American Original.
3) Bruce, Handy, December 3, 2006, Escape Artist, The New York Times. Retrieved from http://nytimes.com .
4) Walt Disney Museum -- San Francisco
Walt Disney's Marketing Mix/Strategies
Product and Service Strategy
The products offered by Walt Disney are much more tangible and services. These products have offered Walt Disney high awareness among many customers in the market. The products are designed to meet the specific needs and preferences of the customers in the diverse market. Walt Disney has gone ahead to customize all of its products under certain characteristics of the company. These characteristics help to differentiate and demarcate its products from those of other brands in the market (Deodhar, 2013).
Pricing Strategy
Prices of goods and services offered by Walt Disney are not low. Nonetheless, when one makes a comparison of the prices of products and services of Walt Disney and those of other competitor brands, he or she will realize that the prices are fair, with consideration of the quality and quantity of the products produced by Walt Disney. Pricing is…
References
Deodhar, S. Y. (2013). Why I Am Paying More: Price Theory and Market Structure Made Simple. University Press,
Hubbard, R G, and Anthony P. O. (2006). Microeconomics. Upper Saddle River, NJ: Pearson/Prentice Hall, 2006. Print.
McDaniel, C., D, Joseph F. H, and Charles L. (2014). Marketing 8. Harvard .University Press,
Salinger, Bob, & Len Testa. (2011). The Unofficial Guide to Walt Disney World 2011. New York: New York Press
Walt Disney
Indicate the type of debt Disney offers to the public for sale and discuss the various approaches Disney incorporated to ensure successful marketability of these securities
The type of debt that Disney offers to the public for sale include the company's debt securities, in one or more sequences, which might be senior debt securities or subordinated debt securities. In each of the aforementioned debt securities, it can consist of notes or other unsecured proofs of indebtedness. Another kind of debt offered to the public is the shares of the company's preferred stock. This stock might be issued to the public in the form of depositary proceeds, signifying a portion of a share of preferred stock. There is also the offer of the shares of Disney's common stock. There are also the offerings of warrants to buy any of the other securities that may be sold under the company's…
References
Disney Company. (2007). Prospectus Supplement.
Hoovers Inc. "The Walt Disney Company." Retrieved 27 November 2015 from: http://premium.hoovers.com/subscribe/co/overview.xhtml?ID=ffffrrjfysytjjfykj
Walt Disney Company. (2010). Form 10 Q. Retrieved 27 November 2015 from:https://thewaltdisneycompany.com/sites/default/files/reports/q1-fy10-form-10q.pdf
Walt Disney Conflict
Sources of Conflict and Politics that have Plagued Walt Disney in the Past
Walt Disney has had quite a number of highs and lows over the past two decades. One of the biggest problems that they faced during that period was excessive authority by the company's executives. This made several members of the upper management to feel disenfranchised by the executive. This problem started by the appointment of Michael Eisner as the company's CEO. Upon his appointment to the position, Michael Eisner brought with him a new style of management; he required that every important decision that was to be made by the corporation had to pass through him. This centralized decision making process and slowed down the company's decision making process. This, in turn, slowed down some aspects of its operations and also the speed with which it developed new strategies. Thus, within a few years…
References
Boundless. (2015, July 21). Sources of Power. Retrieved March 3, 2016, from Boundless Management: https://www.boundless.com/management/textbooks/boundless-management-textbook/leadership-9/defining-leadership-68/sources-of-power-339-7332/
Grover, R. (2007, February 4). How Bob Iger Unchained Disney. Retrieved March 3, 2016, from Bloomberg: http://www.bloomberg.com/bw/stories/2007-02-04/how-bob-iger-unchained-disney
Heil, K. (n.d.). Strategy In The Global. Retrieved March 3, 2016, from Reference for Business: http://www.referenceforbusiness.com/management/Str-Ti/Strategy-in-the-Global-Environment.html
Stapleton, S. (2014, March 17). The Five Sources of a Leader's Power, and how (and how not) to use them. Retrieved March 3, 2016, from LinkedLn: https://www.linkedin.com/pulse/20140317135313-14015966-the-five-sources-of-a-leader-s-power-and-how-and-how-not-to-use-them
Organization Management
The Walt Disney
The Walt Disney Company
The Walt Disney Company
An organization is any social entity that has a well-designed structure to coordinate its functions, and the organization has to have a specific goal. Most organizations hardly work internally alone, but rather involve the external environments. Some organizations are profit oriented, like the business organizations, while others are non-profit making (Daft et al. 2010). In this context, a contemporary focus is overlooked towards the Walt Disney Company, a profound firm dealing with mass media and affiliated industrial operations.
Brief Company Profile
Walt Disney Company was founded in 1923, and has always kept the reputation in providing quality and extremely creative products, which consumers have loved ever since. The organization specializes in providing quality entertainment, services of media communication, broadcasting, television programs and live performances. The company, which is located in California (United States), exemplifies exponential characteristics that…
References
Barry, L. (2009) Think Like an Iconoclast: The Principles Of Walt Disney's Success: Rotman Magazine, Pg 108-110.
Daft, R.L., Murphy, J. & Willmott, H. (2010) organization Theory and Design: New York, Cengage Learning EMEA.
Forester, M. (2002) Table-Talk Perspective: Chain Store Age, 10870601, Vol.78, Issue 11.
Gershon, R.A. (1996) The Transnational Media Corporation: Global Messages and Free market Competition: New York, Routledge.
Life of Walt Disney [...] two questions: How did Walt manage each functional piece of the business and develop needed organizational capabilities? In addition, how did Walt achieve strategic and financial objectives?
WALT DISNEY'S FINANCIAL BEGINNINGS
Walt began his career in Kansas City, Missouri, where his family lived, and for years, the business teetered on the brink of collapse. Disney learned how to manage what little funds he had, and continue with his work from these early experiences. While still in Missouri, he incorporated a company called "Laugh-O-gram Films." With his last $500 from the venture, he began a series of cartoons based on "Alice in Wonderland." When his money ran out, he headed to Hollywood, where he set up a "studio" in his uncle's garage, and "wrote to M.J. Winkler, a film distributor, announcing that he was 'establishing a studio in Los Angeles for the purpose of producing a…
References
Author Unknown. (1999). Walt Disney. Business Leader Profiles for Students. Retrieved November 25, 2002 from the Gale Research Web site: http://www.galenet.com/servlet/BioRCBennis , W., & Biederman, P.W. (1997). Organizing Genius: The Secrets of Creative Collaboration. Cambridge, MA: Perseus Books.
Editors. (2002). Walt's Story. Retrieved November 25, 2002, Disney.Go.com Web site: http://disney.go.com/disneyatoz/waltdisney/maincollection/waltsstoryepisode01.html
Eliot, Marc. (May 1993). The dark side of Uncle Walt. (Walt Disney). Los Angeles Magazine, v38 n5 p48(8). Fishwick, M.W. (1954). American Heroes, Myth and Reality. Washington, DC: Public Affairs Press.
Rich, Alan. (Jan. 1983). They used to call it Mickey Mouse U, but not these days. Smithsonian, v13 p46 (10).
Microeconomic Analysis: The Walt Disney Company
Why Walt Disney?
Just a mention of the name, "Walt Disney," stirs up images in the minds of nearly every individual in the western world. From movies to merchandise, theme parks to cruise lines, the Walt Disney Company has been able to create a distinct niche for itself in a variety of markets -- a feat that is certainly no easy task. Headquartered in Burbank, California, The Walt Disney Company is an American multinational media conglomerate, and is the largest media conglomerate in the world in terms of revenue (Siklos, 2009, 1). While, like many American corporations, the Walt Disney Company has had its low-points throughout the years, as well as having been hit by the lingering economic crisis, the fact remains that Walt Disney has consistently remained a company that has the ability to weather any storm. Since its inception as a company…
References
Disney (2012). Company History. The Walt Disney Company. Web. Retrieved from:
http://corporate.disney.go.com/corporate/complete_history_1.html [Accessed on 26 February 2012].
Garcia, J. (2011 June 20). Disney pricing strategy: seeking more profits out of long-term visitors. The Orlando Sentinel. Web. Retrieved from: http://articles. orlandosentinel.com/2011-06-20/travel/os-disney-ticket-prices-20110620_1_disney-pricing-strategy-ticket-prices-ticket-options [Accessed on 26 February 2012].
Nakashima, R. (2009). Disney profits plunge; recession hurts theme parks. USA Today.
Investing in Walt Disney Company
Characteristics of its bonds
Apparently, Disney's bonds seem to be in an enticing situation. After a dip during the past years, Disney's bonds seem to be in great demand. In June of this year -- little less than 3 months ago - it offered a 3.75% banking 10-year paper with over $25mm. This was the hot-shot then, specially in a time when post-holiday trade was lax, and investors were eager to grab it leveraging the bond's cost by eight-cents per $1,000 face worth to 100.68 consequently dipping the concede to 3.66%. (Wilkinson, 2011).
einforcing the optimistic perspective is that earlier this month, Walt Disney sold five-, ten- and thirty-year bonds with the lowest coupons ever in a three-part $1.85bn U.S. debt offering each of which consisted of the equivalent of $750m in each of the notes. Disney seems to be doing well since Financial News…
References
Financial News . (08/18/2011). Walt Disney sets low-coupon records with debt offer http://www.efinancialnews.com/story/2011-08-18/walt-disney-lowest-coupon
Grossman, T. & Livingstone, J.L (2009) The portable MBA in finance and accounting Wiley & Sons, USA.
Investopedia: Why do companies issue 100-year bonds?
www.investopedia.com/ask/answers/06/100yearbond.asp
Business Ethics
Business proposal
Walt Disney is the largest entertainment company in the industry all over the world. Throughout the years the company ahs become a leader in the source of entertainment.an in-depth look at the company's financial processes [provides an insight of how the company became known, respected and loved by many people all over the world. Disney is a familiar household name due to the its lasting impact not only in American society but all over the world .from 1920's Walt-Disney has left an impact to people throughout the world for its entertainment which includes films, theme parks as well as resorts (Disney, 2013). Being a leading entertainment company in the world is an indication that the financial performance of Walt Disney has been secure since its inception. Everyone in the world enjoys entertainment and Walt Disney has natured and organization that provides entertainment to people just as…
References
Disney. (2013). Business and Ethics Standards. Retrieved September 25, 2013 from http://thewaltdisneycompany.com/about-disney /business-ethics
Disney. (2013). Code of Business Conduct and Ethics for Directors. Retrieved September 25, 2013 from http://thewaltdisneycompany.com/content/code-business-conduct-and-ethics-directors
The Walt Disney Company. (2010).Standards of Business Conduct. Retrieved September 25, 2013 from http://corporate.disney.go.com/corporate/conduct_standards2
Politics Walt Disney
Conflict, Politics, and Conflict esolution
A major source of conflict that plagued Walt Disney in the previous periods was organizational conflict. In particular, organization conflict is defined as the battle that takes place when the goal-oriented behavior of one party impedes and interferes with the goals of another party. In this case, organizational conflict came about when Michael Eisner the CEO of Walt Disney started to lose the support of the board of directors owing to his centralized decision-making and as a consequence, failure of the company's performance (Jones, 2013). Eisner's centralized decision-making insisted that he approve all decisions for the company, which slowed down the organization. This hindered the development of new strategies.
Interventions used by Iger
The approach undertaken by Iger with respect to conflict resolution appears to be more of a compromising approach. In particular, the case study outlines the manner in which immediately…
References
Aquinas, P. G. (2008). Organization Structure & Design: Applications And Challenges. New Delhi: Excel Books.
Gupta, A. K., Gorindarajan, V. (2003). Global Strategy and the Organization. John Wiley & Sons Publishers.
Jones, G. R. (2013). Organizational Theory, Design, and Change, Seventh Edition. New York: PH Professional Business.
Disney Parks
Why do you think that the world's largest theme park operator, Walt Disney Company, was motivated to establish parks in Tokyo, Paris, and Hong Kong?
Disney Strategic Planning was able to find the optimal mix of income, family composition by key demographics, and favorability of national government to their expansion in each region (Data Monitor, 2004). The one area they had the most trouble with from a cultural and media relations standpoint was Euro-Disney in Paris (Forman, 1998). Disney pressed on however as the potential to attract millions of visitors from the United Kingdom, Germany, Italy and throughout western Europe galvanized their commitment to this market (Kepler, 2005). Tokyo was a completely different experience, with many Disney fans asking for a park to be built there and the per capita income and demographic factors aligning with Disney's most loyal customer bases (Kepler, 2005). Hong Kong is one of…
References
Data Monitor (2004) -- EuroDisney Profile. Reference Code 16537. Publication Date November 2004. New York, NY
Forman, Janis. 1998. "Corporate Image and the Establishment of EuroDisney: Mickey Mouse and the French Press" Technical Communication Quarterly. Summer 1998, Volume 7, Number 3 (Pages 247-258)
Geoffrey A. Fowler and Merissa Marr. 2006. Disney and the Great Wall; Hong Kong's Magic Kingdom Struggles to Attract Chinese Who 'Don't Understand' Park. Wall Street Journal, February 9, Eastern Edition.
Kepler Equities (2005) - EuroDisney Investment Brief. April 6, 2005. Kepler Equities. Catherine Rolland. New York, NY.
Additionally, the affordability of the Disney products and services is also relative. While in the economically developed countries in the western hemisphere, the Disney products and services are affordable and part of every day life, within the less economically developed countries, the Disney products and services are less affordable; here, they represent social statements and signs of wealth, which integrate an overall experience, rather than a simple product or service.
All in all, the Disney capabilities and resources become mixed to create a series of organizational strengths, which, among other things, include the following:
Innovation and commitment to high quality
Brand strength and customer loyalty to the brand
The ability to create experiences, rather than just products and services
Large size of the corporation, which integrates extensive financial and human capitals (both labor as well as intellectual)
The ability to serve the entertainment needs of various age groups
A well…
References:
2009, Walt Disney SWOT analysis, MBA Tutorials, http://www.mba-tutorials.com/marketing/348-walt-disney-SWOT-analysis.html last accessed on December 15, 2010
2010, Walt Disney Co: Key Ratios, Money Central, http://moneycentral.msn.com/investor/invsub/results/compare.asp?Page=ProfitMargins&Symbol=DIS last accessed on December 15, 2010
Succinct structural form marks all Disney's pictures and makes other animated cartoons, no matter how ingenious they may be, look pallid."
The narrative source of the production is consistently the characters themselves, and the film's style is a mixture of realism in terms of the lush and colorful scenery and a caricature of the protagonist and antagonist, Toby and Max, as the bullied and bully, the show-off and the showed-off, respectively. As Nowell-Smith points out:
The technical advances explored in the Silly Symphonies partly arose from a rivalry with the Fleischers, who, among all the other animation studios that survived into the sound era, consistently produced excellent cartoons in the early 1930s. Unlike the Disney product, which tended increasingly to an 'illusion of life' live-action imitation, the earlier Fleischer cartoons reveled in stylization, caricature, unrealistic transformations, elaborate repetitive cycles, direct address to the audience, and illogical developments which seem inherent,…
References
Hunggyu, Kim and Robert J. Fouser. 1997. Understanding Korean Literature. Armonk, NY M.E. Sharpe.
Jacobs, Lewis. 1939. The Rise of the American Film: A Critical History. New York: Harcourt Brace.
Lounsberry, Barbara, Susan Lohafer, Mary Rohrberger, Stephen Pett and R.C. Feddersen. 1998. The Tales We Tell: Perspectives on the Short Story. Westport, CT: Greenwood Press.
Nowell-Smith, Geoffrey. 1997. The Oxford History of World Cinema. Oxford: Oxford University Press.
6. Personal opinion
The global strategy is effective as it regards numerous areas, all focused on the overall development of Disney. ut since the strategy has numerous applications, it is only natural that some are better received that others. For instance, I believe that the decision to expand onto other continents was extremely wise as it not only increases profits, but it protects the company against economic features that might affect one continent and not the other. Furthermore, I disagree with the copyright strategy as I believe that by dismissing it, Disney would be the beneficiary of free publicity.
ibliography
Disney Official Website, http://disney.com/,last accessed on October 15, 2007
Walt Disney Studios Company Profile, Yahoo Finance, 2007, http://biz.yahoo.com/ic/103/103440.html, last accessed on October 15, 2007
Disney Parks Launches First-of-Its-Kind Programming for Interactive Cable Networks; Introducing Disney Travel on Demand, Tech Web Network, May 15, 2007, http://www.techweb.com/showPressRelease.jhtml?articleID=X607994,last accessed on October 15, 2007…
Bibliography
Disney Official Website, http://disney.com/,last accessed on October 15, 2007
Walt Disney Studios Company Profile, Yahoo Finance, 2007, http://biz.yahoo.com/ic/103/103440.html , last accessed on October 15, 2007
Disney Parks Launches First-of-Its-Kind Programming for Interactive Cable Networks; Introducing Disney Travel on Demand, Tech Web Network, May 15, 2007, http://www.techweb.com/showPressRelease.jhtml?articleID=X607994,last accessed on October 15, 2007
TV, Parks, Consumer Products Drive Disney Gains, World Screen, August 2, 2007, http://www.worldscreen.com/newscurrent.php?filename=disney080207.htm, last accessed on October 15, 2007
They can participate in a variety of programs from credit unions to service awards, contests, and other programs. There are employee stores in many locations, and childcare facilities in California and Orlando. Because of the allure of Disney, some experts call this capturing the "heart" of the employee. They buy in to the company's belief system and represent it totally, because the entire corporate ideals mesh with their own.
Another motivational technique is an extensive training environment for all employees. They offer an Executive Development Program called "Disney Dimensions," and a program called "Disney Way" that introduces the many diversified companies to management and above, and it offers training in professional and management development. Employees also participate in programs on ethics, integrity, and diversity. Most inspirational is the e-learning program, that will allow employees anywhere in the world to continue their education online.
Motivation at Disney is mostly about the…
References
Editors. (2010). Selected financial data. Retrieved 13 March 2010 from the Disney Corporation Web site: http://amedia.disney.go.com/investorrelations/annual_reports/WDC-10kwrap-2009.pdf.
Editors. (2010). Standards of business conduct. Retrieved 13 March 2010 from the Disney Corporation Web site: http://corporate.disney.go.com/corporate/conduct_standards2 .html' target='_blank' REL='NOFOLLOW'>
f Disney hedges its yen royalty cash flow then earnings would be stabilized and risk would be reduced. n order to efficiently hedge its yen royalty cash flow, it is recommended that Disney take out short-term loans in yen in order to match its revenue stream. This will allow the company to have cash inflow and outflow in yen. The minimum amount of yen that is borrowed should be equal to reducing short-term borrowing to 1983's 43% debt/capitalization ratio. This borrowing should help Disney to maintain the company's favorable credit rating and reduce short-term borrowings.
Disney should forego hedging to speculate exchange movements. Because of this, the amount of revenue that is hedged should not exceed royalty revenue amounts. t is recommended that Disney opt for 10-year term hedging strategies and that hedging should not exceed ¥15 billion -- which is equal to the amount of term loan. During this…
It is recommended that the Walt Disney Company hedge its current royalty cash flow in order to protect against future fluctuations in currency. It is estimated that future annual yen revenue streams exceeding ¥8 billion would create currency exposure for the Walt Disney Company. Due to the recent 9% decline in the yen's value, management is concerned about how currency depreciation such as this will impact the company; any further depreciation in the yen's value would significantly reduce the dollar value of future royalty receipts. Additionally, because of Disney's recent acquisition of Arvida Corporation and the increase in debt, it is advised that Disney should do everything in their power to not put the corporation in a difficult situation. Disney's investors, creditors, and shareholders are risk adverse and any decisions that they make can and will impact Walt Disney Company. These investors, creditors, and shareholders could force the company to produce higher rates of return, which would significantly impact Disney's revenue streams.
If Disney hedges its yen royalty cash flow then earnings would be stabilized and risk would be reduced. In order to efficiently hedge its yen royalty cash flow, it is recommended that Disney take out short-term loans in yen in order to match its revenue stream. This will allow the company to have cash inflow and outflow in yen. The minimum amount of yen that is borrowed should be equal to reducing short-term borrowing to 1983's 43% debt/capitalization ratio. This borrowing should help Disney to maintain the company's favorable credit rating and reduce short-term borrowings.
Disney should forego hedging to speculate exchange movements. Because of this, the amount of revenue that is hedged should not exceed royalty revenue amounts. It is recommended that Disney opt for 10-year term hedging strategies and that hedging should not exceed ¥15 billion -- which is equal to the amount of term loan. During this 10-year term, Disney should have the flexibility to use any favorable method to increase revenue streams and decrease short-term borrowings and debt.
Walt Disney Company CSR
The Company
Walt Disney Company began as a small cartoon studio in 1923, produced its first sound-synchronized short five years later, its first full-color cartoon short in 1932 for which it received an Academy Award, and from there the Company catapulted to greatness with hits such as Snow White, Dumbo and Pinocchio. Disney expanded into live-action production, television, theme parks, and global productions over the decades with Walt Disney World among its major attractions, even as it grew the Disney Channel, merged with AC (in 1996), purchased Pixar in 2006, acquired Marvel Entertainment in 2009 and LucasFilms in 2012 (rebooting the Star Wars franchise).[footnoteRef:1] It appeals to a broad-based audience from young children to older generations, with cross-cultural demographic appeal as well. The vision of the company is to be a "leading diversified international family entertainment and media enterprise," consisting of media networks, parks, resorts, studios,…
Bibliography
Brown, J. Nuttall R. Beyond corporate social responsibility: Integrated external engagement, 2013.
Business Review (2013) The Walt Disney Company -- A leader. Web. Accessed
5 Jun 2016 from http://www.businessreviewusa.com/leadership/3827/The-Walt-Disney-Company-A-Leader-In-Corporate-Social-Responsibility
Freeman E. R. A Stakeholder Theory of Modern Corporation." In L.
Disney Character: Genie from Aladdin (1992)
I identify with the Disney character The Genie from Aladdin for three main reasons. First, the Genie is protean: he is capable of taking many forms and dealing with a broad variety of circumstances. Second, the Genie is powerful. Although he uses magic to exhibit his powers, one could argue that people use their own creativity and intellect in a similar way. Finally, the Genie knows his own limitations. He knows when he needs the help of someone else to escape the lamp in which he's trapped. In claiming that I identify with the Genie, I am not suggesting that I myself have magical powers: no human being does. But the Genie does seem to be a profound symbol for imagination, creativity, and possibility. As I hope to demonstrate in my conclusion, it is these aspects of the Genie -- rather than his bright…
Works Cited
Aladdin. Dir. Ron Clements and John Musker. Perf. Robin Williams, Scott Weinger, Jonathan Freeman, Gilbert Gottfried. Walt Disney Pictures, 1992. Film.
Johnson, Malcolm. "It's a Magic Carpet Ride with Williams." Hartford Courant. November 25, 1992. Web. Accessed 28 February 2014 at: http://articles.courant.com/1992-11-25/features/0000109392_1_aladdin-vizier-jafar-princess-jasmine
Poole, Chris. "High Order Bit." YouTube. Web 2.0 Summit, San Francisco, October 17-19, 2011. Web. Accessed 28 February 2014 at: http://www.youtube.com/watch?v=e3Zs74IH0mc
"Protean." Merriam-Webster Dictionary. Web. Accessed 28 February 2014 at: http://www.merriam-webster.com/dictionary/protean
Marketing Strategies of the Shanghai Disney esort
Shanghai Disney esort
Brief History and Facts
Investments
Target Market for the Shanghai Disney esort
Demographic Segmentation
Psychographic Segmentation
The Marketing Strategies of the Shanghai Disney esort
Product Strategies
Integration with the Chinese Culture
Product Mix
The Major esort Segments
Entertainment and ecreational Facilities
Pricing Strategies
The Most Potential Customer Segment
Why Chinese Market?
Promotional Strategies
Segmentation for Promotional Campaigns
Selection of Promotional Mediums
Place Strategies
Overall Plan of Shanghai Disney esort
SWOT Analysis
a.
Internal Environment (Strengths & Weaknesses)
b.
External Environment (Opportunities & Threats)
Failed Market Strategy
Successful Market Strategy
Selection of the Chinese Market
Differentiation
Growth Strategy
Critical Analysis and Concluding Thoughts
Appendices
Appendix 1: Introduction
eferences
Executive Summary
The Shanghai Disney esort is an upcoming theme park in China. The resort is being built by the world's largest entertainment corporation -- the Walt Disney Company. Consisting of theme parks,…
References
Clow, K.E. & Baack, D. (2009). Integrated Advertising, Promotion, and Marketing Communicaitons, 1st Edition. New Delhi: Pearson.
Hitt, M.A., Ireland, R.D. & Hoskisson, R.E. (2013). Strategic Management: Competitiveness & Globalization - Concepts, 10th Edition. Mason, OH: South-Western Cengage Learning
Jenny, M. & Scammon, D.L. (2010). Principle-Based Stakeholder Marketing: Insights from Private Triple-Bottom-Line Firms, Journal of Public Policy & Marketing, 29 (1): 12-26
Mullins, J.W., Walker, O.C. & Boyd, H.W. (2008). Marketing Management: A Strategic Decision Making Approach, 6th Edition. N.Y: McGraw-Hill
Motivational Strategies at the Walt Disney Company
Since the 1920s, the Walt Disney Company has been providing world-class entertainment for millions of consumers around the world and is now a leading diversified international family entertainment and media enterprise. The company's consistent success is attributable in large part to the human resource policies that the Walt Disney Company has in place that motivate employees to provide consistently high quality customer service. To determine how this company has achieved this consistent level of success, this paper provides a review of the relevant peer-reviewed, scholarly and corporate literature concerning the Walt Disney Company and its motivational strategies, followed by a summary of the research and important findings concerning these issues in the conclusion.
eview and Discussion
Motivational strategies that relate to the corporation's success outlined in detail
Organizations that are successful at motivating their employees are characterized by a consistent approach that recognizes…
References
Dumas, M. (2008, Fall). Be our guest: Perfecting the art of customer service. Career Planning
and Adult Development Journal, 21(3), 79-83.
Company overview. (2014). Walt Disney Company. Retrieved from http://thewaltdisney company.com/about-disney/company-overview.
Jones, B. (2013, January 10). The secret to keeping employees engaged. The Disney Institute.
The confidence of Disney was to some extent based on the number of Europeans visiting U.S. Disney parks. The Europeans would be visiting the parks based in U.S. As they were in America but not going to America with the specific motive to pay a visit to the parks. Therefore these figures do not exactly show the popularity of Disney theme parks in Europe. The American Disney Parks are viewed as a part of the American experience and not as a complete holiday destination. All the predictions of attendance are based on parks inside the U.S. And Japan that is also much Americanized. (Euro Disney - Why it failed)
Besides one more striking mistake on the cultural front has been the attention to the wrong details. There will be very few Europeans who will be paying attention to the leather wallpaper when they cannot get their normal breakfast or wine…
References
Dinechin, Florent de. (1994) "Euro Disney: Marne-le-Vallee, France Earth" Retrieved at http://www.galactic-guide.com/articles/2R56.html. Accessed 3 October, 2005
Disney World Paper" Retrieved at http://homepages.wmich.edu/~j0iskend/disney%20world%20paper.doc. Accessed 2 October, 2005
Euro Disney SCA: Perspectives from two Cultures" (2002) Retrieved at http://exams.infodiv.unimelb.edu.au/2002/economics/325303s2.pdf . Accessed 3 October, 2005
Euro Disney - Why it failed." Retrieved at http://www.patrickzimmer.com/eurodisney.htm . Accessed 3 October, 2005
EISNE
Michael Eisner: A Lesson in Leadership
Men make history, and not the other way around. In periods where there is no leadership, society stands still. Progress occurs when courageous, skillful leaders seize the opportunity to change things for the better.
Harry S. Truman (1884-1972)
Professional Development
In 1964, NBC clerk Michael Eisner made $65 a week. Though he only took one business course in his life, he obviously had a proclivity for business: in 1997, as CEO of Disney, Eisner earned over half a billion dollars. With absolutely no foundation in finance, he averted a Disney takeover when he became chairman in 1984 and by May 1998 he earned over $80 billion for Disney stockholders.
Education
Eisner went to boarding school in Lawrenceville, New Jersey in the 8th grade. "I had always breezed through academically at Allen-Stevenson (my previous school), where I was used to being a leader in…
References
Capodagli, Bill, et al. (1999). The Disney Way. Hightstown, NJ: McGraw-Hill Publishing.
Connellan, Thomas K. (1997). Inside the Magic Kingdom: Seven Keys to Disney's Success.: Bard Press.
Eisner, Michael, et al. (1998). Work in Progress (1st ed.). New York, NY: Random House.
Fish, Stanley, et al. (1995). Inside the Mouse: Work and Play at Disney World.: Duke University Press.
alt Disney Company Scenario
Scene: Fiscal Karat (FK), host of TV's Let's Talk Money, is seated at the center of an oak conference table. Let's Talk Money is a weekly PBS talk show that interviews business leaders and often finds government officials to debate certain ideas and programs. Tonight's episode features Mr. Michael McDuck (MM), CEO of alt Disney Company and Mr. Rigid B. Crat (RC), Senior Administrator for the U.S. Treasury's Anti-trust Division.
FK: Good evening and welcome to Let's Talk Money, your weekly adventure into provocative and interesting monetary topics ranging from mild to wild. Tonight, a special treat for the kid in us all -- Michael McDuck, CEO of alt Disney goes head to head with the Administration's Senior Anti-Trust Maven, Rigid B. Crat. elcome gentlemen!
First though, let's take a moment to establish a bit of background. The alt Disney Company is a multinational mass media…
Works Cited
Disney Vows to Investigate Claims of ABuse at Factories. (2005, June). Retrieved from SACOM: http://sacom.hk/archives/66
J&J, Walt Disney, Kraft Foods Top Rankgin. (2010, October 13). Retrieved from Environmental Leader: http://www.environmentalleader.com/2010/10/13/jj-walt-disney-krafts-foods-top-csr-ranking/
Hearing: Are Government Contractors Exploiting Workers Overseas? (2011, November 2). Retrieved from Sparky - Keeping You Plugged In: http://mssparky.com/2011/10/hearing-are-government-contractors-exploiting-workers-overseas/
Areeda, P., & Hovenkamp, H. (2011). Fundamentals of Antitrust Law. New York: Kluwer Law.
Disney's Exit From Video Game Publishing
Disney's primary strategic objective is to product high-quality content through their entire product mix which consists of a wide variety of different goods, services, and media products. Disney's mission statement reads as:
"The mission of The alt Disney Company 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 alt Disney Company, N.d.)."
Disney has just recently made a decision to cut its video gaming segment which was referred to as the Disney Interactive Studio and was staffed by roughly three hundred employees; despite the fact that the publically boasted about the success of the self-published video game unit and the market gains that it was making…
Works Cited
Barnes, B. (2016, May 10). Disney, With Mixed Earnings, Is Shutting Video Game Line. Retrieved from The New York Times: http://www.nytimes.com/2016/05/11/business/media/disney-earnings.html
Morris, C. (2016, May 10). Why Disney unexpectedly quit video game publishing. Retrieved from CNBC: http://www.cnbc.com/2016/05/11/why-disney-unexpectedly-quite-the-video-game-business.html
The Walt Disney Company. (N.d.). News. Retrieved from The Walt Disney Company: http://disneycompanyprofile.weebly.com/
alt Disney Company (DIS)
• Fundamentals - the company's business, is it financially sound? Is it growing?
Per their earnings amounts for Disney, the answer is that they are growing. They are indeed fairly financially sound, but their overall revenues are not doing all that well. Over the last three full years, revenue has grown at a clip of about $3 billion a year as they were at $42.2 billion in 2012, $45 billion in 2013 and $48.8 billion in 2014. Gross profit grew at a good clip over that same time frame, going from $18.8 billion in 2012, $20 billion in 2013 and $22.3 billion in 2014. The proportion of gross profit to total revenue did edge up slightly, albeit by about one percent. Net income has grown at about a billion per year, so it too is looking good. Total assets are growing (about five billion a year…
While the Dow sank and then recovered to its original levels, Immunogen has both done the opposite and it has NOT returned to its original level, although that would be a good thing since the raise in price is a good thing. The price started in the $12.75 range five days ago and then shot up quite quickly until it peaked at nearly $15 a share (a raise of nearly a fifth as compared to the starting point) and then fell very quickly on Tuesday until it bottomed out at $14.00. The price then fluttered a bit between $14.00 and $14.50 and sits at $14.23 as of June 10th. It's about half a buck (or 4.2%) higher it was five days ago but it's been higher very recently. Zooming out to six months tells a very different story. The stock price absolutely soared (it rose about five bucks….about a third) in early June before tapering off and has bounced between $14 and $15 then. Prior to that huge spike, its highest price since the turn of the year was about $10. The reason for the spike is revealed in the headlines about Immunogen in that they apparently had very positive results with one of their ovarian cancer treatments. This news breaking happened on June 1st…right when the spike happened. Not much has been said about them since so this explains why the price is fairly stable but does not explain its activity that is different from the Dow average.
http://finance.yahoo.com/q?s=IMGN
http://finance.yahoo.com/q/co?s=IMGN+Competitors
According to Kepler Equities, there will be a 5% average growth in sales over the next five years for EuroDisney as a result, and breakeven is considered to be achievable in the 2012 timeframe. While EuroDisney can't compete with a strong British Pound and Euro relative to the weak American dollar, they can do what Disney does best, and that is bring in the flashy, new rides and entertainment. In 2005 for example Space Mountain 2 opened and Buzz Lightyear's Laser Blast opened in 2006, with Toon Studios planned in 2007 and Tower of Terror for 2008. All these new attractions are meant for generating interest from young families and stop them from going over to Orlando when they can get the same experiences at EuroDisney.
What will be remembered as Eisner's folly or grand mistake, EuroDisney was built under the direction of Disney's previous CEO, down to the specifics…
For EuroDisney the challenge is how to attract and keep young European families, many of who spend less than ten days out of the country when visiting DisneyWorld in Orlando, FL. According to Kepler Equities, there will be a 5% average growth in sales over the next five years for EuroDisney as a result, and breakeven is considered to be achievable in the 2012 timeframe. While EuroDisney can't compete with a strong British Pound and Euro relative to the weak American dollar, they can do what Disney does best, and that is bring in the flashy, new rides and entertainment. In 2005 for example Space Mountain 2 opened and Buzz Lightyear's Laser Blast opened in 2006, with Toon Studios planned in 2007 and Tower of Terror for 2008. All these new attractions are meant for generating interest from young families and stop them from going over to Orlando when they can get the same experiences at EuroDisney.
What will be remembered as Eisner's folly or grand mistake, EuroDisney was built under the direction of Disney's previous CEO, down to the specifics of how Disney's most expensive castle of all was created, the centerpiece of the park which cost Disney 2.4 billion Euros. The soaring production costs put break-even well into the 21st century for Disney, as did the 6% royalties on all revenues Walt Disney Company imposed on EuroDisney for use of characters, branding, and intellectual property. These two financial decisions nearly led to the bankruptcy of the corporation formed to run the park. Given the continued weak dollar, the costs of production for Disney soared, as did the hotel and golf course introduction and ongoing maintenance costs.
Disney didn't take into account the currency fluctuations and the exacerbating effects this would have on attendance, in addition to the
..in the same manner as their guests and if they operate with this type of beliefs they can ensure everyone gets a dose of the Disney magic." (Waltz, 2007)
V. DISNEY ORGANIZATIONAL CULTURE
Waltz (2007) states that the organizational culture of Disney is build upon: "...innovation, quality, community, storytelling, optimism, and decency because the foundation of the company was based on the very same culture we see today in the above mentioned beliefs of Walt Disney." The work of Arnie Witchel entitled: "A Model for Implementation of Organizational Development in the Human Resources Area" relates that: "A few years ago, Walt Disney World consciously decided to move its culture toward a paradigm of "Performance Excellence." This concept affected all human resource areas, with concentration on eight key actions that would affect the culture, including breaking down barriers, sharing information, risk taking, teamwork (Performance Excellence, 1994). This is an ongoing change…
Bibliography
Grant, Robert M. (nd) Euro-Disney: From Dream to Nightmare, 1987-94. Case Fourteen.
Suit, Douglas P. (2004) Magic for Sale. Workforce Management, September 2004, p. 35-40.
Waltz, Johnny (2007) the Magic of Disney's Organizational Behavior Concepts. 23 Sept 2007. Associated Content. Online available at http://www.associatedcontent.com/article/381660/the_magic_of_disneys_organizational.html?page=2
Witchel, Arnie (nd) a Model for Implementation of Organizational Development in the Human Resources Area - Organizational Development Model for Human Resources. Witchel & Associates. Online available at http://witchelandassociates.com/OD%20Model.htm
It not only recycles, but unlike Universal Studios it donates electronics, furniture, and office supplies to community organizations, so that the products will be put to good use. Like Universal Studios, the alt Disney Company is committed to purchasing recycled-content products, and uses packaging materials that can be reused or recycled. It tries to buy in bulk to minimize packaging waste ("aste Minimization: The alt Disney Company," 2007, the alt Disney Company ebsite). In a unique program that is not present at Universal Studios, the company educates Disney employees both in company policies regarding environmentally sound living and encourages and instructs employees to engage in such practices in their own homes.
orks Cited
Bernards, Kori. (21 Apr 2006). "Film studios maintain healthy recycling rate: Earth Day
Report Shows Studios' Continued Commitment to the Environment." Motion Picture Association of America: Press Release. Retrieved 17 Apr 2007 at http://www.mpaa.org/press_releases/2006_04_21.pdf
Go Metro Specials."…
Works Cited
Bernards, Kori. (21 Apr 2006). "Film studios maintain healthy recycling rate: Earth Day
Report Shows Studios' Continued Commitment to the Environment." Motion Picture Association of America: Press Release. Retrieved 17 Apr 2007 at http://www.mpaa.org/press_releases/2006_04_21.pdf
Go Metro Specials." (2007). MTA. Retrieved 17 Apr 2007 at http://www.mta.net/riding_metro/special_offer/monthly_specials.htm#P8_776
Waste Minimization: The Walt Disney Company" (2007). The Walt Disney Company
To sum up Masters' characterization of Eisner, she highlighted him as an individual "who portrays himself as an insatiably curious child whose father begged for relief from his incessant questions."
Evidently, Masters' portrait of Eisner contrasted the personality of the individual fit to manage Walt Disney Co. Depicting Eisner as incapable of knowing, even perceiving, consumers' needs, particularly that of children, it was not surprising that he had failed to successfully launch Euro Disney at France. The book emphasized the importance of understanding and being sensitive to other cultures as one of the most essential factors that determine the success of a business, be it a local or global organization. Regressing to Eisner's childhood was a tactic that the author adopted in order to convey the message that one must be able to understand the targeted market in order to effectively deliver the appropriate services that this particular market needs…
external supply.
d) When expanding, a crucial decision refers to the actual place in the foreign country where to open the new operational facility. This should be selected based on the concentration of the target market as well as its access to the location.
e) The fact that the company has been successful in the past does not automatically mean that it will be successful in the future expansion projects. It is crucial to adapt each decision to the specifics of the expansion project.
f) The decision of whether to use a local or a delegated managerial team depends on each situation and should be made after a thorough analysis of the project features and requirements.
g) While it cannot be said that a specific industry or business is recession proof, the McDonald's experience in India has shown that there are still businesses which thrive in times of crisis. It…
References:
Adams, B., 2007, McDonald's strange menu around the world, Trifter, http://trifter.com/practical-travel/budget-travel/mcdonald%E2%80%99s-strange-menu-around-the-world / last accessed on October 13, 2010
Bellman, E., 2010, McDonald's to expand in India, Wall Street Journal, http://online.wsj.com/article/SB124628377100868055.html last accessed on October 13, 2010
Laws, E., Faulkner, H.W., Moscardo, G., 1998, Embracing and managing change in tourism: international case studies, Routledge, http://books.google.com/books?id=uLfiZCnkUK8C&dq=disney+in+europe&source=gbs_navlinks_s last accessed on October 13, 2010
Sidhpuria, Retailing franchising, Tata McGraw-Hill, http://books.google.com/books?id=QkOciPWuuD8C&dq=mcdonald%27s+entry+in+india&source=gbs_navlinks_s last accessed on October 13, 2010
Change
We parked in the Dolphin lot. The memories started to flood back. It had been years since I visited Walt Disney World's Magic Kingdom. Only this time, I was not with my family. I wasn't with my parents, or even my brother. I was with two of my friends. We thought it would be a fun thing to do, go to Disney, trip the day away, see what it would feel like going as adults on our own. Not that it was cheap: the price tag really stung -- something I never had to think about when I was a starry-eyed little kid. As a teenager we stopped going to Disney World as a family. Probably because of the divorce, there was never enough time to take the family together on a fun vacation. It seemed like all we did was argue and do homework. This felt liberating, driving…
References
Centers for Disease Control and Prevention (2012). U.S. Obesity trends. Retrieved online: http://www.cdc.gov/obesity/data/trends.html
White, E.B. Once more to the lake.
Wier, B. (2007). Denmark: The happiest place on earth. ABC. 8 Jan 2007. Retrieved online: http://abcnews.go.com/2020/story?id=4086092&page=1#.T5k7xO19nww
hite: Beyond Naivete and Obliviousness
One of the earliest interpretations of Snow hite can be traced to the collected works of the Brother's Grimm. Since then, the tale has been adapted into an animated feature -- Disney's first -- and has served as the subject for Anne Sexton's poem, "Snow hite and the Seven Dwarves." In these interpretations, Snow hite has traditionally been portrayed as an innocent, naive, and oblivious girl who eventually succumbs to the chicanery of her evil stepmother and is almost killed. Through these various interpretations, it can be argued that Snow hite is not only naive and oblivious, but she is also stubborn and selfish.
Snow hite can only be considered to be oblivious and/or naive up to the point that she realizes that her stepmother has tried to have her killed. Up until the moment she realizes that her stepmother has tried to have her…
Works Cited
Grimm, Jacob and Grimm Wilhelm. "Little Snow White." Web. 21 April 2013.
Sexton, Anne. "Snow White and the Seven Dwarves." Web. 21 April 2013.
Snow White and the Seven Dwarves. Directed by David Hand. Hollywood: RKO Radio
Pictures/Walt Disney Productions, 1937. DVD
He wished to build the happiest place on the planet and this message continues to be handed over to the new recruits who join the organization presently also. Disney exists to give a guarantee to the Americans that are there for real. Disneyland is not just unreal, rather it is hyper-real. As a result it is possible to express of the corporate culture of Disney as being created. ("eading Organizations from behavior and experience to representation and experience," n. d.)
4) Explain how the four functions of management support the creation and maintenance of a healthy organizational culture
The four functions of management support the creation and maintenance of a healthy organizational culture as it leads to planning, organizing, leading and coordinating of resources and it is these 4 activities which recur across the institution and are extremely unified. Present features relating to management cover claims leading are distinct from…
References
Arnold, Paul. V. (2002) "Fixing manufacturing" MRO Today Magazine, Retrieved at http://www.progressivedistributor.com/mro/archives/mro%20coach/Lynch/FixingJJ02.htm
Bryman, Alan. (1995) "Disney and His World"
Routledge.
N.A. (2007) "Disney Institute Homepage" Retrieved at http://www.disneyinstitute.com/index.cfm
History of Disneyland
Walt E. Disney sat down on a bench at a small amusement park in California to watch his daughters play. While he was setting there, he noticed how tattered and filthy the small amusement park was. He also observed people's reactions to the different rides and noticed the parents of the children had nothing to do. They would be ready to go home halfway through the day, and their children were still playing and having fun.
This is where Walt started thinking about building a new type of amusement park. He wanted to create an amusement park that was clean, with safe rides, and one that had rides for and attraction for children and their parents. Eventually, this idea turned into Disneyland.
Years before he started construction on Disneyland, Walt completely created the entire theme park in his mind. He traveled the United States, and visited buildings…
References
http://www.scottware.com.au/theme/linkage/history.htm
http://www.disneylandsource.com/history / http://www.geocities.com/Hollywood/Boulevard/1877/history.html
http://www.disneydreamer.com/1970pics.htm
Bob Sehlinger. The Unofficial Guide to Disneyland, 1990. Hungry Minds, Inc.; ASIN: 002862615X; (September 1998)
movie industry in America has been controlled by some of the monolithic companies which not only provided a place for making the movies, but also made the movies themselves and then distributed it throughout the entire country. These are movie companies and their entire image revolved around the number of participants of their films. People who wanted to see the movies being made had to go to the studios in order to see them. They made movies in a profitable manner for the sake of the studios, but placed the entire industry under their control and dominated over it. The discussion here is about some of those famous studios inclusive of that of names like Metro Goldwyn Mayer, Culver, RKO, Paramount Studios, Warner Bros, 20th Century Fox, Walt Disney Studios, Universal Studios, Raleigh Studio, Hollywood Center Studio, Sunset Gower Studio, Ren-Mar Studios, Charlie Chaplin Studios and now, Manhattan Beach Studio.…
"What better way to annoy the Hollywood liberals than to remind them every single day that
George W. Bush is STILL the President?" Retrieved from https://www.donationreport.com/init/controller/ProcessEntryCmd?key=O8S0T5C8U2 Accessed 15 September, 2005
"What's interesting about the business is that it's no longer the movie business" Retrieved from http://www.pbs.org/wgbh/pages/frontline/shows/hollywood/picture/corptown.html Accessed 14 September, 2005
The level of the investment also isolated them more in the case of a failure. They paid attention to the wrong details. Disney acted on American views of Europe rather than on native views, which could identify the important cultural differences. It appeared that the managers were too confident in their success to research the small details about European cultures.
In planning Euro Disney there were not any contingency plans put into place. The attitude towards customer habits was very complacent. They assumed that there would be so many customers every day, each staying an average number of nights spending an average amount of money. In America this would have worked because there is already a well established theme park culture. The European market proved to be a lot more unpredictable.
Up until now, Disney's venture into China has been anything but magical. The Hong Kong theme park, which opened…
Works Cited
Balfour, Frederik. 2009. "Disney Shanghai: Good for China, Bad for Hong Kong." 28 June,
2010. Business Week. Web.
Liu, Ling Woo. 2009. "Disneyland in Shanghai: A Second Try in China." 28 June, 2010. Time.
Web.
Frank Gehry has become a leading architect noted for his innovative structures using industrial materials in new ways and with a certain deconstructivist approach to architecture. Philip Johnson, the dean of American architecture and a power since the 1930s, more recently joined with other architects who have been shattering all the rules, leaving behind symmetry and classic geometry in favor of distorted designs, twisted beams, and skewed angles. Johnson in 1988 showcased this style in a program at the Museum of Modern Art, and he called the show "Deconstructivist Architecture." Among the designers following this approach are Frank Gehry of California or ernard Tschumi from France and Switzerland. Johnson says of this new architecture that it evokes "the pleasures of unease." These ideas have been utilized directly by Johnson in his design for the Canadian roadcasting Corporation building in Toronto. Today, Gehry is probably the foremost proponent if this approach.…
Bibliography
Arnold, Dana. Art History: A Very Short Introduction. Oxford: Oxford University Press, 2004.
Ballantyne, Andrew. Architecture: A Very Short Introduction. Oxford: Oxford University Press, 2002.
Bletter, Rosemarie Haag. "Frank Gehry's Spatial Reconstructions." In The Architecture of Frank Gehry. New York: Rizzoli, 1986.
Celant, Germano. Frank Gehry: Buildings and Projects. New York: Rizzoli, 1985.
Paine is broken and reveals the entire scheme.
Similarly, Dumbo suggests that a belief in one's self can accomplish anything, even in the face of the most seemingly insurmountable obstacles. Dumbo is the story of an elephant with enormous ears. Dumbo is a freak and the mockery of the circus. His mother is taken away after she tries to protect him. The circus is a cruel and judgmental environment that put animals on display for the public's entertainment. However, Dumbo proves that with gumption, unrecognized talents can be honored. This is was typical of the Disney style -- much like during the Great Depression, the third little pig was celebrated as someone who "exhibits old-fashioned virtues, hard work, self-reliance, self-denial" (Sklar 204). The social prejudice that hurts Dumbo does not have to be cured; he merely needs to try harder to use his disability in service of society.
These films…
Works Cited
Dumbo. Directed by Walt Disney. 1941.
Mr. Smith Goes to Washington. Directed by Frank Capra. 1939.
Skylar, Robert. Movie-Made America. Vintage, 1994.
Jonathan Zaun
In two perceptive and provocative essays, authors Ann duCille and Henry Giroux examine toys, movies and media and examine ways in which the modern commercial culture directs the development of a child's psychology. Ann duCille's thoughtful essay, Dyes and Dolls: Multicultural Barbie and the Merchandising of Difference, provides an insightful analysis of the ubiquitous Barbie doll and the role this icon of Americana plays in molding the maturation of entire generations of young girls. With his expansive and detailed Children's Culture and Disney's Animated Films, essayist Henry A. Giroux investigates the Disney empire and its vast influence on today's youth, exercised through their domination of the children's media market. Both of these works provide readers with empirical evidence supporting their separate, yet inherently intertwined, suppositions that media manipulation targeting children for the pursuit of capitalistic gains invariably causes lasting unintended consequences. Whether through the rebranding of a centuries…
References
Ducille, Ann. "Dyes and Dolls: Multicultural Barbie and the Merchandising of Difference." differences: A Journal of Feminist Cultural Studies. Spring. Durham, NC: Duke University Press, 1994. Rpt. In From Inquiry to Academic Writing: A Text and Reader. Ed. Stuart Greene. 1st. New York, NY: Bedford/St. Martin's, 2008. 458-478.
Giroux, Henry A. "Children's Culture and Disney's Animated Films." The Mouse That Roared: Disney in the Age of Innocence. Oxford, England: Rowman and Littlefield Publishers, 1999. Rpt. In From Inquiry to Academic Writing: A Text and Reader. Ed. Stuart Greene. 1st. New York, NY: Bedford/St. Martin's, 2008. 567-591.
In 1996 Westinghouse/CS bought Infinity radio broadcasting and outdoor advertising group for $4.7 billion, a deal that was largely the result of the Telecommunications Act of 1996. The Telecommunications Act heavily deregulated the media industry and allowed a company to significantly increase the amount radio stations it could own. In 1997, Viacom dealt its educational, professional and reference publishing businesses to Pearson for $4.6 billion, and retains Simon & Schuster. In 1999, CS bought King World Productions, the leading television program syndicator at that time, for $2.5 billion. On September 7, 1999, Viacom and CS announced their merger, a $50 billion deal. This was the largest media merger of that era, which came one-month after the FCC approved duopolies. Under this merger, the new Viacom had 33 television stations, eclipsing the FCC's 35% ownership cap. This cap was based on the amount of stations one company owns that reach 35%…
Bibliography
America Online. (2005). AOL.com. Retrieved October 2, 2005 at http://www.corp.aol.com/ .
Bloomberg News. (2005). Viacom Explains Slip into Units. Retrieved October 4, 2005 at http://www.nytimes.com/2005/01/06/business/media/06viacom.html .
Columbia Journalism Review. (2005). Viacom Corporate Timeline. Retrieved October 1, 2005 at http://www.cjr.org/tools/owners/viacom-timeline.asp .
Goldsmith, J. (2005). Viacom Looks to the Future. Retrieved October 4, 2005 at http://www.variety.com/article/ur1117929452?cs=1&5=h&p=0 .