Walt Disney opened the first Disneyland in Anaheim, California, on July 17, 1955, he created a unique and completely new destination unlike any of its time. Since then Walt Disney Parks and Resorts (WDPR) has become a world leader, opening 6 Disneyland’s with 12 theme parks and 52 resorts across North America, Europe, and Asia. The Disneyland involved in this case study was the second built in Asia, Hong Kong Disneyland (HKD). The problem facing HKD and moreover WDPR was their inclusion of shark fin soup in the Chinese-banquet style reception of their Fairy Tale Wedding package. Although, culturally this dish is a Chinese staple HKD faced severe backlash from environmentalists worldwide including Hong Kong. The reason for conducting their program was because of protests and worldwide criticism from environmental groups. Disney’s program was reactive because the addition of shark fin soup in their Chinese wedding reception banquet was an attempt to incorporate a cultural mainstay which obviously rebounded resulting in their reacting to criticism instead of anticipating it. It’s unclear from the case study whether HKD researched this topic before it became an issue but it is evident they did research this topic during the campaign consisting of secondary research that was regurgitated as part of their program. Although in hindsight it is hard to believe HKD would have been oblivious to what seemed like a very controversial dish in Asia. The publics for HKD was
Disney’s long-run success is mainly due to creating value through diversification. Their corporate strategies (primarily under CEO Eisner) include three dimensions: horizontal and geographic expansion as well as vertical integration. Disney is a prime example of how to achieve long-run success through the choices of business, the choice of how many activities to undertake, the choice of how many businesses to be in, the choice of how to manage a portfolio of businesses and the choice of how to create synergies between those businesses (3, p.191-221). All these choices and decisions are
According to Latchford (2013) research, he states that the difficulty in preparation and the length of time taken to prepare certain food also represent its uniqueness and allure in Chinese culture. However, to say that shark fin soup is part of the traditional culture for the majority of the Chinese is disingenuous because most of the Chinese is not in a financial position to consume this dish. The consumption of this dish has only risen for the last few decades. According to Sharks at risk (2013) although it is traditionally an expensive dish (with a price tag upwards of US$100 a bowl), it is increasingly sold more cheaply and as economies grow in Asia, a dish once reserved for the elite is now available to many more consumers and is in demand in many Asian communities around the world. Global trade in shark fins is increasing, and the market for shark fin soup is estimated to be growing by 5% per year (“Stop Shark Fining”). Hence, even shark fins are used in traditional dish in Chinese culture but it is not the reason that causing sustained demand of shark fins; it is because of people irresponsible consumption of shark fin soup and it is a main source of income for certain developing
Many people in Seoul, South Korea opposed hamburgers, especially if they are from McDonald’s, because it goes head to head with the Koreans that produce their rice locally. Korea had seen the McDonald’s commercials on the media and after receiving the results of the market survey they were anti-American because of the tense relationship between Korea and America after the end of WWII. However years later, Korea and McDonald’s came to an agreement and opened the first McDonald’s. As soon as McDonald’s opened it attracted many young people because of its different trend that no one had ever seen before; it was considered modern and a chic place to eat. The
1. What is Walt Disney Company’s corporate generic strategy? Explain the reason for your answer.
The Walt Disney Company is an outstanding renowned entertainment and media corporation with business ventures in Media Networks, Parks and Resorts, The Walt Disney Studios, Disney Consumer Products, and Disney Interactive. Walt Disney Company is a diversified corporation with products all around the world. (The Walt Disney Company, n.d.)
In 1955, the most charming place in the world was ‘Disneyland’ was open for the public. The idea was to create a magical place for the whole family. Ever since then, Disneyland theme parks have been growing and today Walt Disney Company owns 14 theme parks in the world.
The crisis we are going to introduce is rumor of KFC which is about a local customers complained that take-away food consist of alleged pieces of fried mouse. This incident occurred at 1pm on 11th January, 2013. It happened in the KFC of Tuen Mun. This incident was reported to the food and environmental hygiene department and KFC, and soon it went rival online. This issue drew the public attentions of the food quality control of KFC. This incident is a rumor of KFC as it is not yet proved.
The first Disneyland outside the US was opened in April 1983 in Tokyo. Disney took a
Disneyland is the leading brand in amusement park industry. The first Disney theme park, Disneyland was opened on July 17, 1955 in Anaheim, California (The Walt Disney n.d.). Disneyland is the core asset of the American media giant, the Fortune global 500 company Walt Disney group. Per Christian Sylt’s article, in 2013 financial year, its 11 Disneyland parks around the world contribute one third of its total $45 billion revenue and 20.7% of its $10.7 billion operating profit. (Christian, S. 2014) In 2016, the segment of parks and resort generated $16.16 billion revenue and $3 billion operating income in total. (The Walt Disney Company 2016)
Walter Elias Disney (1901-1966) was the man who brought entertainment for the entire family into the homes of the people across the globe. He was both an entertainer and an entrepreneur, ensuring the long term success of his business and his entertainment efforts. Through today, Walt Disney remains a symbol of film making, creation and entertainment innovation.
Known to be one of the largest producers of multi-media content, Walt Disney and Pixar greatly impacted the entertainment industry with the use of three-dimensional generated content. It quickly gained popularity with the release of its animated movies and especially got the attention of children from their sequels. With the growing popularity, the competition in the media industry began to increase. Disney was then faced with a difficult decision regarding its relationship with Pixar on whether they should acquire or not acquire the company.
Walt Disney Company had always been successfully operating theme park until 1992. Starting in 1955 where the first Disneyland set its foot at Anaheim, California and in 1983 in Florida (Hill, 2000). While in 1983, Disney faced a true challenge as they opened the first international Disneyland in Tokyo. In a fear of wide cultural differences between American and Japanese, it turned out an unexpected massive successful Tokyo Disneyland. As a result, Disney did not hesitate to invest a big sum of money for Euro Disney in Paris.
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The Walt Disney Company is one of the largest media and entertainment corporations in the world. Disney is able to create sustainable profits due to its heterogeneity, inimitability, co-specialization and immense foresight. During the late twentieth century, Michael Eisner founded and gave a rebirth to Walt Disney Company. Eisner revitalize TV and movies, Themes Park and new businesses. Eisner's takeover for fifteen years had climbed the revenues and net earnings of the company. It also successfully uses synergy to create value across its many business units. After its founder Walter Disney's death, the company started to lose its ground and performance declined. Michael Eisner became CEO
Hong Kong Disneyland was opened in September 2005 through a joint venture between the Walt Disney International and Hong Kong government. Disney has been on an international expansion since it first opened its park in 1980 in Japan and China being the most lucrative market, Disney decided to open the park in Hong Kong after selecting the city in the bidding process. The park was the first American park in Chinese territory.