Janaki Kannan
University of Miami
1) Universal studios tends to mimic the strategies of Walt Disney World. Please take the time to study some of World Disney World’s branding, entrepreneurial, and new product development strategies and demonstrate them in a short paper (4-5 Pages)
Walt Disney World – these are three words that anybody and everybody can relate to no matter where they come from, the language they speak, or the culture they belong to. Every child grows up in the midst of Disney characters, animation movies, and cartoons. It is almost like the first word out of a child’s mouth is Disney. On the other hand, it is not only kids, but also adults who enjoy visiting Disney parks and riding all the rides they offer. So what has Disney done to create such a strong impression in the minds of both adults and kids? Let us take a look at the different approaches and strategies Disney uses not only to gain customer loyalty but also to retain existing customers.
To begin with, in the year 1928, Walt Disney gave birth to an unforgettable character with huge black ears, memorable red shorts, and giant white-gloved hands – Mickey Mouse (Robertson, 2008). Mickey is a character people can immediately identify that has invaded our television screens for the past 80 years. Mickey has become one of the most recognizable symbols in the world, thanks to Walt Disney’s branding strategies (Suddath, 2008). Like most companies, Disney uses a variety of integrated marketing communication strategies - radio, television, outdoor media, direct mail as well as online advertising and promotions. In order to maintain the magic and fantasy behind the Disney brand, the company believes that direct marketing is essential to maintain a dialogue between themselves and potential customers (Robertson, 2008). Disney has three essential “pillars” it focuses on to build its branding strategy. “One, to invest in
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