International Business & Economics Research Journal – January 2009 Volume 8‚ Number 1 69 Strategic Human Resource Management And Global Expansion Lessons From The Euro Disney Challenges In France Guergana Karadjova-Stoev‚ Nova Southeastern University‚ USA Bahaudin G. Mujtaba‚ Nova Southeastern University‚ USA ABSTRACT The strategic role of human resource (HR) management should be seen as an integral element of a company’s overall success in accomplishing its mission and business strategy.
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When we think Disneyland‚ we think the happiest place on earth. For those who think this is an exaggeration‚ let me shed some light on why this place is magical for me. Disneyland to me means family traditions with a heart full of happiness and love. When you first enter Disneyland‚ you are overcome with a vast amount of emotions. I get a nervous feeling deep inside my gut. The excitement overwhelms me‚ knowing that in just a few small steps‚ I will see the castle at the end of Main Street. The smell
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After the massive success that the Walt Disney Company has achieved in Tokyo‚ the company suffered a big failure in the next overseas expansion venture which was named Euro Disneyland. The failure’s main reason was the lack of the emotional intelligence that should be present in effective leaders. In particular‚ the emotional intelligence components are: self-awareness‚ self-regulation‚ motivation‚ empathy‚ and social skill. The most important element that was missing in this case is empathy which
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1. How would you value the Hong Kong Disneyland project from the perspective of Walt Disney? The valuation of Hong Kong Disneyland from the perspective of Walt Disney is done by taking the following assumptions: Cost of Capital = 9.52% Cost of Government Debt = 8.19% Cost of Commercial Bank Debt = 11.36% Cost of Equity = 12.3% (10 year average) Inflation = 7.31% (10 year average) Gross margin = 37% Operating Cost = 22% Variable Management Fee = 5% With the above assumptions the FCF
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Introduction The purpose of this assignment is to prepare as director of Disneyland Europe‚ two strategic scenarios for the next 5 years plan (2009-2014) for consideration by the board. Firstly will assume that the credit crunch is short- lived and that the European growth starts again in 2010-11. Secondly will assume that the credit crunch effect will get worse‚ combined with increasing prices in particular construction materials and fuel. It will provide recommendations and description on how Euro
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Executive Summary Hong Kong Disneyland (Disney HK) is owned by Hong Kong International Theme Parks Limited‚ a joint venture company with 57 percent shares from the Hong Kong Government and 43 percent shares from the Walt Disney Company. One of the key reasons Disney HK was constructed is to create new jobs for both within Disney and through other employment opportunities and was also estimated to generate economic benefits for Hong Kong. This report would include a comprehensive analysis of the company
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California‚ A Place‚ a People‚ a Dream In “California‚ A Place‚ a People‚ a Dream‚” James J. Rawls gives his version of the California dream‚ and describes the paradoxes that are associated with that dream. According to Rawls‚ the California dream is a love affair with an idea‚ a marriage to a myth‚ or fantasy. (Rawls 22‚ 23) Everyone has their own version of the California dream. It might be something‚ or nothing at all. As I began reading Rawl’s essay‚ I found it
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Fear and Loathing in California Throughout America’s short history‚ California has been a mysterious land of snowy mountains‚ sandy beaches and fertile soil. From the Gold Rush to the Free Love movement‚ it has been a Mecca for the misunderstood‚ the thrill seekers‚ and the independent. For over a hundred years people have found what they were looking for in the sprawling lands of California. Throughout the years‚ the ideals of the misfits who populated California have shaped the mentality of
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California Budget Crisis Rozlyn Brown Comm/215 BSDC0TEBB5 Michele Watson Poor money management of the State of California has caused people to suffer. The global recession has caused California and many other states to plummet. In the Los Angeles Times California deficit is said to be $25.4 billion according to the states chief analyst. The state of California has taken drastic measure to fix this problem. Fixing the problem includes layoffs
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The History of DisneyLand Paris In the beginning... Following on from the success of the DisneyLand theme park in Anaheim‚ plans to build a European version first started around 1975‚ nine years after Walt Disney died. Initially Britain‚ Italy‚ Spain and France were all considered as possible locations‚ though Britain and Italy were quickly dropped from the list of potential sites because they both lacked a suitably large expanse of flat land. The most likely site was thought to be in the Alicante
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