Core Competency

Topics: The Walt Disney Company, Walt Disney World Resort, Walt Disney Pages: 3 (699 words) Published: October 22, 2013
Disney’s Core Competency

Walt Disney once noted: “I only hope that we don’t lose sight of one thing – that it was all started by a mouse”. (Disney Dreamer, 1998). Walt Disney’s original core competence was cartoons and animated movies. By combining Imagineering with engineering Disney’s company reached unparalleled success with the creation of the first full length animated movie. This success led to new ideas and one of them was to open a park, a different kind of park. In Disneyland Walt used new technology to bring his characters to life. He called them “Animatronics”. (Magical Kingdoms, July 2008) Together with unique storytelling and high quality of service Walt Disney created a magical environment for his guests which none of the competitors could quite duplicate. It became Walt Disney’s core competency. Disney once said: “Anything that has the Disney name to it is something we feel responsible for.” (Disney Dreamer, 1998)

This competency is driven by superior Disney products and most of all by cast members and their renowned guest service. It’s always been a challenge to keep up with high expectations of the guests. To continue to improve its business Disney has set up new cast member standards in the form of the Basics (Meeting the new standards, December 2007). The new standards expect cast members to create and reinforce “magical” experience for the guests by being approachable, engaging, and willing to go above and beyond.

As the company developed, many new lines of businesses have been added such as retail, media, and sports. The danger has been to overextend and lose track of what the company does best. In order to stay competitive the company had to realign and shifted attention from retail to those which are the cornerstone of the company – intellectual property. To reinforce its animation business Disney purchased Pixar in 2006. In the acquisition statement it read: “Animation is the foundation upon which the Company was built and for...

References: Disney Dreamer (1998), Walt Disney Quotes.
Retrieved from: http://www.disneydreamer.com/walt/quotes.htm
Josh Buchanan, Matthew Covarrubias, James Gills, T.J Lovejoy, Craig Wuollet, Meeting the new Standards (December, 2007), Executive Summary, P
Retrieved from: http://www.slideshare.net/jamesrg6/disneypaperfinal
Walt Disney Company release (January, 2006) Comments on Acquisition of Pixar Animation Studios
David Goldman (August, 2009), CNN, Disney to buy Marvel for $4 billion
Retrieved from: http://money.cnn.com/2009/08/31/news/companies/disney_marvel/index.htm
The History of Disney’s Animatronics (July, 2008), Disney Blog at Magical Kingdoms
Retrieved from: http://www.magicalkingdoms.com/blog/2008/07/08/the-history-of-disneys-audio-animatronics/
Mr. Papa (June, 2010) Cruise Talk Retrieved from: http://cruisetalk.org/2010/06/disney-cruise-line-adds-final-building-block-to-new-cruise-ship-disney-dream.html
Adventures by Disney, Retrieved from: http://abd.disney.go.com/abd/en_US/index?name=HomePage
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Define Competitive Advantage and Core Competencies Essay
  • Core Competencies and Competitive Advantages Essay
  • Core Competence of the Corporation Essay
  • A Competency Trap Essay
  • Sustainable Competitive Advantage Through Core Competencies in a Resource Based Approach Essay
  • Core Competence for Sustainablecompetitive Advantage: a Structured Methodology for Identifying Core Competence Research Paper
  • Essay on Strategic Management and Core Competence
  • Essay on Core Rigidity

Become a StudyMode Member

Sign Up - It's Free