Analysis for Walt Disney Company
When working for a company as large as the Walt Disney Company, there are many benefits that are designed to help employees with; their jobs at the Walt Disney Company, as well as their life outside of work. The Walt Disney Company has tailored the incentives and benefits for their employees to help with health care for the employee as well as their families. They offer a wide range of health care and dependent day care flexible spending accounts, life/accident and disability insurance. The Company offers programs to reimburse employees for furthering their education and learning and development opportunities. Vacation benefits such as 11 paid holidays per ...view middle of the document...
(Disney Institute, 2013) “We have learned that emotional engagement is a much stronger indicator of discretionary effort” (Disney Institute Facilitator, 2013)
The Walt Disney Company combines a wide range of motivational techniques in motivating their employees as well as managing the Company as a whole. Since Walt Disney started the Company in 1922, the Disney management principles have over time proven themselves true to the success of the organization (Capodagli,B and L. Jackson, 1999). Walt Disney’s four core concepts where: to Dream, to Believe, to Dare and to DO. The Disney Company’s ten management principles are
1) Make everyone’s dreams come true
2) You better believe it
3) Never a customer, Always a guest
4) All for one and one for all
5) Share the spotlight
6) Dare to dare
7) Practice, Practice, Practice
8) Make your elephant fly
9) Capture the magic with storyboards
10) Give details top billing
The first Disney management principle outlines the importance of allowing members of the organization to dream and develop their creative talents. The organization fosters a culture of creativity in all of its employees. This encourages participation and is credited with a decreased turnover rate. The second principle stresses, to their employees, the importance of a clear understanding of the basic beliefs and core values of the company. The forth principle highlights the importance of teamwork and empowerment of the employees. Teamwork is described as a method of fostering intense loyalty, enthusiasm and commitment....