Walt Disney case study Submitted to: Mr.Farrukh Idrees Submitted by: Ali Husnaen & Muhammad Waqas
Table of Contents
Introduction
3
Company Background
3
Brands of Walt Disney
4
Company Mission Statement
5
Objectives
5
Strategies
5
Internal Audit
4
Strengths
4
Weaknesses
6
Internal Factor Evaluation (IFE) Matrix
7
External Audit
7
Opportunities
7
Threats
8
External Factor Evaluation (EFE) Matrix
10
Strategic Analysis
10
Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix
10
Strategic Position and Action Evaluation (SPACE) Matrix
12
Grand Strategy Matrix
15
Recommendations
19
Sources
23
Introduction:
Walt Disney Company is a diversified international company with operations in four business segments: Media Networks, Parks and Resorts, Studio Entertainment and Consumer Products. They employ over 150,000 people in over 40 countries and had revenues of approximately $40.89 billion in 2011
Walter Elias
Walter Elias "Walt" Disney (December 5, 1901 – December 15, 1966) was an American film producer, director, screenwriter, voice actor, animator, entrepreneur, entertainer, international icon and philanthropist, well known for his influence in the field of entertainment during the 20th century.
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“I do not like to repeat successes; I like to go on to other things.”
“Walt Disney”
He was co-founder of Walt Disney Productions, which later became one of the best-known motion picture producers in the world. The corporation is now known as The Walt Disney Company and had annual revenue of approximately US$40.89 billion in the 2011
Disney itself was a great film producer and a popular showman and also an innovator in cartoons and theme park design. He and his staff created some of the world's most famous fictional characters including Mickey Mouse, for whom Disney himself provided his voice.
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Walt Disney brands and portfolios
Disney media networks Disney parks and resorts Disney studios
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Company Mission Statement
The mission statement is defined as a company’s “statement of purpose.” The current mission statement for the Walt Disney Company is:
“To be the world’s leading producers and providers of amusement and information. Using our portfolio of brands to differentiate our content, services and consumer products, we track for to develop the most creative, innovative and profitable entertainment experiences and related products in the world.”
Vision
Walt Disney strives to be the world’s most famous entertainment company by creating an amazing experience for individual of all ages.
Objectives
Objectives are the goals which an organization wants to achieve in future. Objectives can be both long term and short term. Organizations design their objectives according to economic and competitive climate.
They design their compensation programs to achieve the following objectives in the context of the Company’s large and complex business:
· Support the Company’s business strategy and business plan by clearly communicating what is expected of executives with respect to goals and results and by rewarding achievement;
· Attract, motivate, and retain executives with superior talent; and
· Align incentive compensation with performance measures that are directly related to the Company’s financial goals and creation of shareholder value.
The Walt Disney Company mostly does not publish its corporate objectives.
Strategies
Strategies are the tools through which company attain its objectives. We can also say strategies are the path to achieve objectives.
Strategy is the course of action on which an organization decides to get on affects all divisions and aspects of said organization. Strategies should be formulated and implemented only once all internal and external factors are assessed. Only then can a strategy be deemed “safe” for a company for implementation. So Walt Disney will make its strategies after assessing its internal and external factors.
Disney Goal
At Disney, we believe being a good corporate citizen is the right thing to do: for our consumers and guests, our employees, and our businesses. It makes our company a desirable place to work, reinforces the attractiveness of our brands and entertainment, and strengthens our bonds with families.
Our goal is to achieve exceptional performance by embedding citizenship into all of our daily decisions and actions, guided by three core principles.
Core Principles
Act
Act and create in an ethical manner and consider the consequences of our decisions on people and the planet
Champion
Champion the happiness and well-being of kids and families in our endeavors
Inspire
Inspire kids and families to make a lasting, positive change in the world
Disney competitors:
These are some major competitors of Walt Disney
· News Corporation,
· Viacom
· NBC Universal
· Times Warner
Competitive Profile Matrix (CPM)
Before designing any strategy it is necessary to see the strategies and performance of our competitors. We evaluate the competitive position of our competitors and than make the strategies for the future. So this is the competitive profile matrix which will show the position of our competitors with respect to us like News and Time Warner.
Corporations
Walt Disney
Time Warner
News
Critical success factors
Weight
Rating
Score
Rating
Score
Rating
Score
Advertising
0.4
2
0.20
4
0.8
3
0.6
Product Quality
0.3
3
0.10
3
0.3
4
0.4
Price Competitiveness
0.1
2
0.05
3
0.45
2
0.1
Management
0.3
3
0.1
4
0.4
3
0.3
Financial Position
0.4
4
0.10
3
0.3
4
0.4
Customer Loyalty
0.45
3
0.15
2
0.3
3
0.45
Global Expansion
0.6
3
0.20
4
0