Case 2: Euro Disney 1. The factors that contributed to Euro Disney’s poor performance during its first year of operation were their lack of knowledge of their target market and the fact that they didn’t take into consideration that the target market was not intended to just focus on one culture. Disney builds and promotes Euro Disney as a piece of America in Europe although Disney failed to adapt to the culture. In the European culture they perceived Euro Disney as being overpriced and the vacation
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1) Give the definition and objectives of “your” cultural dimensions (what does the dimension measure? what do you want to measure? For instance : ability to work in groups‚ individual empowerment ... (for the individual/collective dimension). Diffuse and Specific orientated cultures – The most apparent difference is the ability to separate private from professional life. In diffused cultures‚ the private and professional lives are closely linked whereas specific cultures keep them separate.
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Five Dimensions and Leadership Hofstede’s Five Dimensions and Leadership Geert Hofstede examined IBM the company for over thirty years and developed a theory about cultural differences. His theory is widely used to compare differences in culture‚ and also in leadership. There were initially four dimensions of values that he measured; uncertainty avoidance‚ individualism‚ power distance and masculinity. Later a fifth dimension‚ long term orientation was added in 1991. These dimensions were
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bleak picture‚ Michael Eisner‚ CEO of Walt Disney Co.‚ remained optimistic about the venture: "Instant hits are things that go away quickly‚ and things that grow slowly and are part of the culture are what we look for. What we created in France is the biggest private investment in a foreign country by an American company ever. And it’s gonna pay off."5 The Dawning Of Disney After first attempting to start a commercial arts firm in 1917‚ Walt Disney‚ along with his partner Ub Iwerks‚ joined
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Substitute Products 5 Bargaining Power of Buyers 6 Bargaining Power of Suppliers 7 Recommendation of Porter’s Five Forces Strategies 8-9 Hofstede’s Cultural Dimensions 10-13 Recommendation of Hofstede’s Cultural Dimensions Model 14-15 Competitive Strategies Conclusion 15 Reference List 16-18 1.0 Executive summary The purpose of this report is to determine the suitability of Safety
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Euro Disney I found two mission statements for this company one is “to make people happy” and the other one is “we create happiness by providing the finest in entertainment to people of all ages‚ everywhere” (Strauss‚ h. n.d.). Each and every employee from maid to the president knows the mission statement. All employees are motivated to create happiness for their guest‚ and they do everyday. From what I have read and heard‚ Disney lives up to both of these statements. Euro Disney S
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Case Study: 1 The Not-So-Wonderful World of Euro Disney BONJOUR‚ MICKEY: In April 1992‚ EuroDisney SCA opened its doors to European visitors. Located by the river Marne some 20 miles east of Paris‚ it was designed to be the biggest and most lavish theme park that Walt Disney Company (Disney) had built to date – bigger than Disneyland in Anaheim‚ California; Disney World in Oralando‚ Florida; and Tokyo Disneyland in Japan. Much to Disney management’s surprise‚ Europeans failed to “go
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Group presentations about Hofstede’s cultural dimension 1. A brief presentation of Geert Hofstede and his background Geert Hofstede was born 2 October 1928 in Haarlem. He is a Dutch social psychologist that did a pioneering study of cultures across modern nations. Geert has made these models that classified culture along four different dimensions – Power Distance Index‚ Individualism versus Collectivism‚ Masculinity versus Femininity‚ Uncertainty Avoidance Index‚ Long Term Orientation versus Short
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the foreign direct investment. Walt Disney’s international strategy with Euro Disney is no different. In hindsight vision is 20/20 but it is now clear that using a combination equity ownership‚ a licensing contract‚ and a management contract was not the key to success for this investment. The organization had too many interests involved and therefore the proper due diligence was not completed. For example‚ Euro Disney experienced inflated construction costs as a result of using high-end materials
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The Not-So-Wonderful-World of Euro-Disney Q# 1‚3-4‚6. 1- What contributed to the poor performance and the losses of Euro Disney at its first year are: The European families thought that Euro Disney is over-rated and it is like they were promoting American style and culture. Advertising was not well communicated and European people did not get what Disney was trying to convey. They thought that they were emphasizing the size of the park and not the rides. Mickey’s character and his friends
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