Ethics and Compliance for Disney
Financial Ratios and Ethics of Disney
Finance for Business
August 30, 2010
Financial Ratios and Ethics of Disney
The Walt Disney Company is known far and wide as a major source of entertainment and the embodiment of family values. Throughout the years, Walt Disney studios have supplied millions with wholesome, child oriented entertainment with iconic characters such as Mickey Mouse, Snow White, and of course Alice in Wonderland. From humble beginnings, the Disney Company grew with leaps and bounds throughout the years to include numerous theme and amusement parks, movies, and production studios and the Disney stores. While the general management of the company has changes over the years; the core values of the company have remained the same, as Disney’s website says; “providing innovative, quality entertainment for all members of the family, across America and around the world.” A closer look at the Walt Disney Company will offer insight to the financial processes that have assisted the company to grow into the world renowned company that is known, loved, and respected.
Ethics
Ensuring the ethical standards of The Walt Disney Company is part of the company’s business practices. The Walt Disney Company is an equal opportunity employer in regard to race, religion, color, sex, sexual orientation, national origin, age, marital status, covered veteran status, mental or physical disability, pregnancy, or any other basis prohibited by state or federal law (The Walt Disney Company, 2009). The Walt Disney Company contains a Human Resource department that enforces all company policies and monitors all harassment prevention and discrimination policies. These policies are provided in the business standards and ethics training provided to all employees. This training is provided to all domestic and international employees through web-based tutorials. Training helps to ensure that all of the employees have the knowledge and training to act
Finance for Business
August 30, 2010
Financial Ratios and Ethics of Disney
The Walt Disney Company is known far and wide as a major source of entertainment and the embodiment of family values. Throughout the years, Walt Disney studios have supplied millions with wholesome, child oriented entertainment with iconic characters such as Mickey Mouse, Snow White, and of course Alice in Wonderland. From humble beginnings, the Disney Company grew with leaps and bounds throughout the years to include numerous theme and amusement parks, movies, and production studios and the Disney stores. While the general management of the company has changes over the years; the core values of the company have remained the same, as Disney’s website says; “providing innovative, quality entertainment for all members of the family, across America and around the world.” A closer look at the Walt Disney Company will offer insight to the financial processes that have assisted the company to grow into the world renowned company that is known, loved, and respected.
Ethics
Ensuring the ethical standards of The Walt Disney Company is part of the company’s business practices. The Walt Disney Company is an equal opportunity employer in regard to race, religion, color, sex, sexual orientation, national origin, age, marital status, covered veteran status, mental or physical disability, pregnancy, or any other basis prohibited by state or federal law (The Walt Disney Company, 2009). The Walt Disney Company contains a Human Resource department that enforces all company policies and monitors all harassment prevention and discrimination policies. These policies are provided in the business standards and ethics training provided to all employees. This training is provided to all domestic and international employees through web-based tutorials. Training helps to ensure that all of the employees have the knowledge and training to act
References: Disney Corporation. (2010). History. Retrieved from: http://corporate.disney.go.com/corporate/complete_history_7.html Disney Corporation. (2010). Corporate Standards. Retrieved from: http://corporate.disney.go.com/corporate/cr_business_standards.html Keown, A. J., Martin, J. D., Petty, J. W., & Scott, D. F. (2005) Financial Management: Principles and applications (10th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall. U.S. Securities and Exchange Commissions (2010). Main page. Retrieved from http://www.sec.gov Yahoo Finance. (2010). Walt Disney Co. (DIS). Retrieved from: http://finance.yahoo.com/q/sec?s=DIS+SEC+Filings