Preview

Ethics and Compliance of the Disney Company Essay Example

Better Essays
Open Document
Open Document
1502 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ethics and Compliance of the Disney Company Essay Example
Ethics and Compliance of The Disney Company

FIN 370

March 5, 2013

Ethics and Compliance Paper The Walt Disney Company is known for its compelling entertainment experiences. From revolutionizing the way people connect with sports, to creating new realities in interactive experiences, we are dedicated to immersing our Guests, audiences and consumers in never-before-seen ways (Disney Careers, 2012). The company's primary financial goals are to maximize earnings and cash flow, and to allocate capital toward growth initiatives that will drive long-term shareholder value. Team C will discuss and assess the role of ethics and compliance in the financial environment and describe Walt Disney’s procedures that are in place to ensure ethical behavior. Team C will then move on to explain how financial markets work in the United States, identify Walt Disney’s processes used to comply with the SEC regulations, and finally evaluate the financial performance over the last two years using financial ratios, and discussing the trend for each ratios revealing Walt Disney’s financial health.
Roles of Ethics and Compliance in Disney’s Financial Organization 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.) The Walt Disney Company contains a Human Resource department that enforces all company policies and monitors all harassment prevention and discrimination policies. The Walt Disney Company, its employees, and cast members make the magic happen. It is in the company’s best interest to enforce all codes of conduct to maintain a fair and successful work atmosphere. The culture and values reinforce the commitment and responsibility to the people of the organization. There are three categories that employees

You May Also Find These Documents Helpful

  • Powerful Essays

    Disney has taken great lengths to ensure they are practicing ethical behavior when it comes to their financial environment. Disney Company has a division that was created called Evaluation of Disclosure Controls and Procedures whose sole purpose is ensure that the company is following ethical behavior when reporting files within a timely manner as mandated by SEC…

    • 1506 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Any organization would need to make sure it is on solid ground before taking a chance on growth and return. Strategically the initiative would be to build a relationship between three solid areas; sell the strategic need first, operational development, and financial planning. Our team paper will illustrate a strategic initiative for the Disney organization as well as identify an initiative discussed in Disney’s Annual Report. The focus will look at how the initiative affects Disney’s financial planning and explain how the initiative can affect the costs as well as sales within this organization. Last but not least, our paper will describe the risks associated with the initiative and financial effects the risks may have to the organization. The conclusion will recap the importance and value of the relationships between the strategic and financial planning initiatives within The Walt Disney Company.…

    • 1317 Words
    • 6 Pages
    Better Essays
  • Better Essays

    What is the secret of the Walt Disney success? What are the rules and standard that make Walt Disney one of the biggest corporations in the world? Team C is going to discuss in this presentation the role of ethics compliance, the procedures and ethical behavior, the processes that the company uses to comply with the SEC regulations, and assess the financial performance of Walt Disney Company.…

    • 1207 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Disney Enacted Values

    • 998 Words
    • 4 Pages

    When Walt Disney started his company his goal was to “produce great visual entertainment” (Igner, 2008). An idea that quickly took off like a wild fire and grew into a dynasty. Disney still encompasses the visual media but also includes the additions of parks, resorts, consumer products, television stations, animation departments, and movie picture organizations. Each department has goals, missions, and values, but they strive for the same espoused values: “Innovation, Quality, Community, and Storytelling. Optimism, and Decency”. (Sklar) All these values are engrained into the employees by a university they created to teach each cast member (employee) who they are working for, why they are working there, what their goals should be, and how they should carry out their work. This paper will cover those espoused values that Disney strives to reach on a day-to-day, year-to-year, person-by-person basis; and also discuss the enacted values that take place in the magical Never Never Land.…

    • 998 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    There are plenty of hotbed issues on how the Disney corporation’s sociological and socio political ideologies are embedded into their products and how they affect children, but very few ask why Disney would place hidden ideologies in their movies/shows. What reasons would Disney have to program children with outdated morals while trying desperately to uphold a model image of innocence? What practices has the disney corporation practiced that some would consider immoral or even illegal? To answer these questions the following issues must be explored in more depth: The history and actions of Disney from its inceptions to the present,Walt’s strict “moral” code along with the legacy he left behind, the policies of Disneyland along with the corporation’s political, judicial and economical power, Walt’s ties to the FBI and organized crime syndicates, and the revolving door politics in our government. Disney’s powers have allowed them unprecedented freedoms associated with a private company and the pandora’s box that is Evil Mickey.…

    • 5396 Words
    • 22 Pages
    Powerful Essays
  • Better Essays

    Ethics and Compliance

    • 1462 Words
    • 6 Pages

    In this paper we will as a team: Assess the role of ethics and compliance in your organization’s financial environment. Describe procedures your organization has in place to ensure ethical behavior. Explain how financial markets work in the United States. Identify processes the organization uses to comply with SEC regulations. Evaluate your organization’s financial performance during the past 2 years, using financial ratios. Calculate the ratios for each year: Current, Debt, Return on equity Discuss the trend for each ratio and what it tells you about the organization’s financial health.…

    • 1462 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Walt Disney Controversy

    • 613 Words
    • 3 Pages

    The development and marketing of products to minimize negative effect on physical environment and to improve it. Disney is a company that is about respect in every aspect, they require that every manufacture meet guidelines to ensure the business is operated in the most efficient and ethical way. Disney has a tremendous responsibility to give back to those who have helped it become what it is today. The Walt Disney Company focuses on the environment, community and labor standards while focusing on volunteerism It is the major to focus for them, offering free tickets to millions in exchange to volunteer service of an organization. It has five business segments; media networks, park and resorts, studio entertainment, consumer products and interactive…

    • 613 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The Walt Disney Company is a global brand recognized throughout the world. As part of an Oligopoly market structure the Walt Disney Company works tirelessly to maintain its reputation, integrity, and social responsibility to the communities of the world through quality entertainment and communication tools for the entire family. According to Disney, “Disney’s performance in fiscal 2013 reflects the impact of the company’s acquisitions and capital investments and long-term strategy focused on exceptional creativity, innovative use of technology and global growth.” The Walt Disney Company’s plans are a part of the company’s goals which is to be the world’s leader in entertainment and communication. In order for the Walt Disney Company to keep its influence in the world of entertainment and communication, the Disney Company has continually used its revenues and profits to grow its brand name and products around the world by introducing the different cultures of the world in one location.…

    • 1754 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Alan Horn Characteristics

    • 650 Words
    • 3 Pages

    His actions in the company speak volumes about what is important to him. Managing such a large organization requires a level of competence to create value for the organization. Also, he is in a position where a high degree of integrity is required. Through his actions, he improves Disney’s performance, which leads to building a stronger social recognition all around the world. Despite his reputation after being in charge of Time Brothers, Inc., as “too old, too out of touch” (Barnes, 2014). However, while at Disney Studios he proved them wrong. His own value system influenced Disney’s organization by increasing productivity and value. In financial terms, in 2014, Disney reported “$1.55 billion in profit for its last fiscal year, up from $661 million in 2013” (Barnes, 2014).…

    • 650 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Walt Disney worked very hard to provide the community with an outstanding organization. Anyone who is affiliated with or working for the Disney organization is expected to maintain and be held accountable for the same high standards that Walt Disney founded his organization on. Disney provides quality entertainment for everyone. In order for visitors of the park to receive a memorable experience employees must undergo a vast amount of training. The Disney Company has created a culture in which their employees are valued as individuals and as part of a team. Disney believes you can have happy guests only if you have happy employees. (http://voices.yahoo.com/the-magic-disneys-organizational-behavior-concepts-550698.html). This is one example of organizational culture. Communication within an organization is the key to making any company successful. Disney believes that if the work environment is comfortable mployees will feel free to share their thoughts and ideas, and speak their mind. This is turn can lead…

    • 820 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The floating egg experiment – How much salt is needed to make an egg float?…

    • 518 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Disney

    • 705 Words
    • 3 Pages

    In bureaucracy there are both official and impersonal relationships among the associates of the organization. Disney follows the principle of rationality, consistency and objectivity. From the unique organizational structure, to the decisions made that guide the Disney Company’s significant growth, these are things that come from the culture of the company. The most important part of the culture is how the company deals with its employees. The Disney tries to take great investment in each of its…

    • 705 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Disney Ethics

    • 251 Words
    • 2 Pages

    Walt Disney spent his entire life promoting happiness. He tried his best to capture the imagination and excitement of people of all walks of life. Walt had a darker side that became public during his life and more public after his death. In the 1930’s he invited the Nazi propaganda filmmaker Leni Riefenstahl to Hollywood to promote her film. Walt knew she was a Nazi and what she stood for but invited her anyways, and received public disdain. In the 1940’s he aligned himself with the Motion Picture Alliance for the Preservation of American Ideas, which was a known anti-communistic and anti-Semitic group. He was never outspoken about dislike for Jewish people, but by allying himself with the group he gained a public image of an anti-Semite. The Disney museum acknowledges that Walt had difficult relationships with some Jewish people and there are obvious references to anti-Semitism in some films ( The 3 Little Pigs and The Opry House ). The Disney museum points out that Walt donated too many Jewish charities and had Jewish friends, but this may be to only to satisfy his public perception that he was an anti-Semite. It was also rumored that Disney was a racist as well, due to his racial remarks and some of the dialect in his films. Disney was rumored to be many things, but he promoted racial equality in his business. He hired people of all religion, race, gender and nationality in his…

    • 251 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Pepsi-Cola or PepsiCo is a global company that has $510 million in sales and 19,000 employees in many countries worldwide including Europe, Asia, Middle East and Africa. PepsiCo was founded in 1965 after Pepsi merged with Frito-Lay. PepsiCo has the philosophy of being committed to delivering sustained growth through empowering people, acting responsibly, and building trust within the community it serves (PepsiCo, 2012). The mission of PepsiCo is to be the premier world’s consumer product company focusing on convenient foods and beverage (PepsiCo-Mission, 2012). The focus of this paper is to discuss the ethical behavior of PepsiCo; to explain how financial markets work within the United States; to identify the processes PepsiCo uses to comply with SEC regulations and discuss the financial performance of PepsiCo.…

    • 1637 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Walt Disney is a major amusement park conglomerate, understanding the dynamics of the business culture, economy, competition, information technology, and adhering to the social responsibility and ethical guidelines that are expected of the company to the stakeholders, along with regulatory forces. The goal of Walt Disney Corporations is to humbly embrace how the cultural differences in a society can be inclusive in working together for the common good of all…

    • 71 Words
    • 1 Page
    Satisfactory Essays