Preview

hongkong disneyland

Powerful Essays
Open Document
Open Document
1895 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
hongkong disneyland
Introduction
In 1923 Walt Disney made a short film named Alice’s Wonderland. Then Disney brothers cartoon studio was formed by Walt and his brother Roy Disney. In 1926 it was changed to Walt Disney Studio.
As one hear the word Disney. Its creates a happy feeling for everyone.
The five business Segments are Optimism, Decency, Trust, Creative and the all these together forms the fifth one. It was no.1 in entertainment companies of 2012
Mickey Mouse goes to Hong Kong
Disney land was regarded as one of the main companies to stabilize the local economy. After the discussions and negotiations for almost nine months the government and the company reached a preliminary agreement for the Disneyland in Hong Kong.
Major Pillars of Hong Kong economy
It can be segmented as:
Tourism from mainland China
Tourism from Taiwan and Southeast Asia
Tourism from Other countries Market Barrier
The market barriers can be categorized into:
Pricing
Competition Culture

The main market barrier was competition. The large amusement park in Shenzhen was a treat to the Hong Kong Disney land because the Ocean Park had become an all-rounder by then.
1.) Hong Kong Disneyland (HKD) had mechanisms in place to adapt to local Hong Kong culture, yet these means appeared to be ineffective. Why? What areas, in terms of cultural adaptation, still need further improvement? Using Professor Brannen's concept of decontextualizing strategic assets (see case Exhibit 2), do you think Disney's strategic assets are in an advantageous position or a disadvantageous position in the Chinese cultural context? Explain.
Answer: The HKD tried it’s very best to fit into its own culture as closely as possible. The mechanisms working out with all this is that Hong Kong Govt used Disneyland and made it adopt its own culture. Everything from top to bottom was done keeping their cultural concepts into consideration and getting a big response both negative and positive from the world.
First of all

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Disney Walt must realize that venturing into the Chinese market means that they are moving from a modernized culture to tradition-based culture of the Asian community. Therefore studying the market differences in cultural desires of these two groups would positively impact on their marketing success in China.…

    • 332 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    As we all know Walt Disney is an American icon, and has been since the 1930s (Ferrell, Hirt, & Ferrell). With the popularity of the company in American, that made the company want to expand to other countries. The two Walt Disney parks were started first in California and second in Florida (Ferrell, Hirt, & Ferrell). Walt Disney seen how well they were doing, and decided to spread the business to Paris and France 10 years later. There was also a Disney that opened in Hong Kong in 2005 (Ferrell, Hirt, & Ferrell).The Disney parks that were opened in the other countries were not performing well.…

    • 802 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    you right now, you see Walt had a dream for a “Magical Land” called Disneyland. Disneyland opened on July 17, 1955 and quickly became a tourist attraction! After Disneyland was built, the company had an idea about Disney World! Or also known as Walt Disney World. Once Disney World was created it soon became popular with all age…

    • 497 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Michael Eisner

    • 1279 Words
    • 6 Pages

    •In 1954, Walt Disney started pursuing a strategy of financial economies: the ABC-produced television program Disneyland was actually destined to generate financing and stimulate public interest. The creation of the first park in 1955 pursued the same strategy.…

    • 1279 Words
    • 6 Pages
    Good Essays
  • Good Essays

    But Disney did not cease at cartoons. One of the biggest companies of the world, Disney, has influenced the world's economy by the works it has produced, and it changed peoples' perspective of what a company can do. Moving to Los Angeles, Walt collaborated with his elder brother Roy, who helped him with the business. And the company was founded by the two brothers in 1929 under the name Walt Disney Productions, which was used as a studio to make animated motion picture cartoons. However, it later grew into one of the biggest sources of children's and adult entertainment and is currently involved in movies, theme parks, etc. (Compton's by Britannica). So Disney Company was not only rooted to producing cartoons, it was also involved in making…

    • 783 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Case 2.1: EuroDisney

    • 415 Words
    • 2 Pages

    A few things that made Hong Kong Disneyland unsuccessful was the fact that it was too small. There were only sixteen attractions. Most people said it wasn’t much different from the amusement parks China already had. Another issue was that the park didn’t offer anything to those who were unfamiliar with the Disney characters. Most people in China didn’t know Mickey and Donald Duck even existed.…

    • 415 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Disney Asia

    • 386 Words
    • 2 Pages

    With its large population, and low number of theme parks, Asia is an attractive location for Disney. Already, the company has been successful in Tokyo. While its park in Hong Kong has been less profitable, the company believes that further expansion into the region is worthwhile. However, the company faces a number of cultural challenges that must be overcome. Certainly language poses a problem for the company. At Hong Kong Disneyland, the company has chosen to be trilingual for example. In addition to dealing with language differences, Disney must also tailor other components to meet the local needs. The Hong Kong location includes more covered space to allow people to enjoy the park without dealing with the region’s rainy weather, special gardens for picture taking that appeal to the preferences of tourists visiting the park have been created, and the menu has been adapted to local preferences. Plans for the Shanghai location will incorporate Chinese cultural features as well as more traditional Disney themes.…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Building and investing in a multi-billion dollar theme park would represent another major, long-term commitment for The Walt Disney Company. Therefore, much research and planning were involved in this decision. In addition to the attractiveness of each of the remaining cities, Shanghai and Hong Kong, the market characteristics of the demand for theme park experiences by the Chinese people would have to be carefully evaluated.…

    • 1290 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Walt Disney History

    • 1086 Words
    • 5 Pages

    The Disney Company was becoming largely successful in the US, therefore during the 80’s they began to globally expand. They opened their first international Disney theme park, Tokyo Disneyland, in 1983. Later that decade, they agreed…

    • 1086 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    5. Why did success in Tokyo predispose Disney management to be too optimistic in their expectations of success in France? In China? Discuss.…

    • 1286 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Hong Kong Disney

    • 1153 Words
    • 5 Pages

    This allowed CAPEX for further expansion instead of using FCF for amortization full underwriting of the deal by up to 3 Lead Arrangers no reduction of management and royalties. The main collateral for the deal is the land it would only become gradually available as the government first needed to reclaim the land Not only did Disney remain conservative with regard to the overall capital structure but they also chose to access the markets in 2000 in order to ensure access to funds at attractive pricing despite having to pay commitment fees during the first two years when the DDTL was undrawn.…

    • 1153 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Hong Kong Disney

    • 1316 Words
    • 6 Pages

    Q2. What are the three key considerations for Disney when choosing mode of entry in foreign market?…

    • 1316 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    The main objective of this report is to provide a strategy that will enable Hong Kong Disneyland to enhance its competitiveness in the Hong Kong market. In this manner, the report provides the issues that affects the performance of Hong Kong Disneyland and provides the perceived solutions to ensure that the company is on track of achieving the goal of being competitive. In order to find a better solution for these issues, analysis of the company, through the use of different marketing tools has been conducted. For example, to analyze the internal environment of Hong Kong…

    • 9123 Words
    • 37 Pages
    Powerful Essays
  • Good Essays

    Disney Park

    • 862 Words
    • 4 Pages

    The reason behind Disney's motivation to set up theme parks abroad were mostly because of business opportunities. Based on how successful the Disney Theme Park is in the United States and the attraction they are gaining from foreigners, the management probably realized that it is time to consider entering the global market. By doing this, it would mean an increase of sales for the company. This is somehow a form of advertisement for people to buy their products and even to attract more and more consumers. Opening another theme park in a different country would also contribute to the survival of the company should their theme park in the United States lower in sales.…

    • 862 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The venture into Hong Kong by Walt Disney was a simple example of a large successful western company not doing its homework. The case presents a clear picture of the importance of understanding a foreign market thoroughly before doing business there. Several factors led to an unsuccessful first year of operations and a majority of these factors could have been avoided with a better cultural understanding in the planning stages. One of the culture differences that was obvious to Disney was the fact that the children are not familiar with the Disney characters. Disney has established its brand and is a marketing poster child in the United States, however this advantage goes out the window in a country such as china that has sheltered itself from the outside world until recently. Disney thought that making a meager attempt at introducing the characters before the launch of the park would help, however familiarity isn’t synonymous with brand attachment. As listed in Global Marketing Management by Kotable & Helson, “Cultural Distance” is one of the six external criteria for choosing a mode of entry into a foreign territory, which was not accounted for by Disney. Cultural distance also recognizes the fact that different cultures have different expectations. This was also the case with China. As stated in the case, “for the tourists of Mainland China, going to Hong Kong means a shopping experience, and so they choose the cheaper alternative to Hong Kong Disneyland…” The case goes on to allude to the fact that the culture in China is one about dollars and cents – when a Chinese person spends his/her money, they are more interested in what they are physically getting. This is very…

    • 1118 Words
    • 3 Pages
    Satisfactory Essays