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Submitted by: Darshali Patel (26)

Walt Disney

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Walt Disney

Text of Walt Disney

  • 1.Submitted by: Darshali Patel (26)

2. INTRODUCTION Headquarter: California, United States. Employees: 1,56,000 Founded: 16th Oct. 1923 Founder: Walt and Roy Disney Key people: Bob Iger(Chairman & CEO) Parent: Disney Group Subsidiaries: Pixar Animation Studios,Marvel entertainment, LLC, ABC Inc.,Radio Disney, UTV Software. Products: Television, radio, publishing,movies, theme parks Revenue: US$ 40.893billion Net profit: US$ 4.807 billion 3. 4 Ps of Walt Disney 4. 4 Ps of Walt Disney 1) PriceWhile at the Walt Disney World theme parks you are continuously offered other products / services to purchase.* Upon exiting attractions, you enter a store themed to that attraction with gifts.* During travel on trams, monorails, trains, boats, etc. there are always marketing announcements. These recordings inform you of ways to upgrade your ticket, to stay longer, to visit other parks, to dine at restaurants, to stay at resorts or to go to other attractions.* Booths in the parks have representatives selling Disney vacation packages for future visits.* Stores with gifts and restaurants with food areClara Clurkon every corner for your convenience. Disney knows that current customers are the easiest customers to up sell. As a result, they take every opportunity to sell you more. 5. 4 Ps of Walt Disney2)Place Walt Disney World in Orlando, FL attracts visitorsfrom all over the world, as does Disneyland in California.However, Disney realized they could grow their business ifthey offered their product to other marketplaces outside ofthe USA. As a result, Disney developed country specifictheme parks and delivered them to these marketplaces.Disney built a Disneyland Paris, a Tokyo Disney and mostrecently a Hong Kong Disneyland. These parks bring in manyvisitors, as well as many repeat visitors who would not havetraveled to the USA. Disney has increased their marketplaceand expanded their brand worldwide by building thesecountry specific theme parks. Your Internet business canagain follow this business principle and do it with less of aninvestment. Its as easy as developing your site in otherGoofylanguages and then submitting your site to search engines inthose languages. 6. 4 Ps of Walt Disney 3) PromotionWalt Disney World is always advertising. They do not start, stop and then start again. They have a marketing budget and plan thats designed to keep their message in front of audiences. You regularly see their ads on TV, in print publications, on the Internet and Ive even gotten their ads on grocery store coupon print-outs! Disney also continually sends direct mail pieces to past customers with varying offers. Disneys promotions are designed to keep them in your mind. So when its time for vacationing, you think of going to Disney World or perhaps another (undefined) destination. But as Disney has kept itself in your awareness it is always a consideration. Other vacation destination have notDonald Duckestablished themselves nearly as well! Your Internet business should consider the advantage of continuous promotion. 7. 4 Ps of Walt Disney4) Product Disney is never complacent. They are alwaysgrowing, building, expanding and improving. With their existingtheme parks they continuously work to add in new attractionsand shows. They update old outdated rides, as well asrefurbish and modernize long standing favorites. Disney isconstantly creating new products to sell. The most well knownof their products are their movies. Disney studios is alwaysworking to create new motion pictures. Constantly making andreleasing movies to the marketplace brings in consistent profitsfor Disney. In addition, Disney further leverages their moviesby creating products dolls, toys, games, etc -. as well asincorporating them into their theme park attractions. Thesynergy Disney has developed between their theme parks and Plutotheir movies, helps drive movie sales in theaters as well as ondvds, leads to increased sales of their dolls, toys, games, etc,and continues to bring visitors to the parks. 8. Segmenting, Targeting andPositioning According to the marketing process of segmenting, targeting and positioning,it is crucial that Disney select profitable segments in order to be success in theiroperations. After identify the most worthwhile target market, the company shouldbe able to provide them additional value that competitors cannot provide. Byfollowing this principle, Disney must then position itself basis on the targetedcustomers demands. Therefore, the consumers are being regarded as the drivingforce behind Disney, and setting positioning strategies which can fit properly with itsmarketing mix is the key element of successful marketing process. Another part ofmarketing mix that is affected by Disney Studios positioning strategy is thepresentation utilized by the company, it is especially important for service sector.The physical environment is instrumental in customers assessment of the qualityand level of service they can expect, for Disney Studio, in fact, the physicalenvironment is part of the product itself. As the two founders, Walt and Roybelieved that they had to always stay one step ahead of the competition. 9. Product line & width of Walt Disney 10. Walt Disney: StrategiesWalt Disney Studio - To serve the current innovation of the entertainment industryParks and Resorts - A place Where Dreams Come True - Disneyland Resort, Anaheim California - Walt Disney World Resort, Lake Buena Vista, Florida - Tokyo Disney Resort, Urayasu, Chiba - Disneyland Resort Paris, Marne La Valle, France - Hong Kong Disneyland, Pennys Bay, Lantau Island 11. Walt Disney: StrategiesDisney Consumer Products - Disney Consumer Products and affiliates (DCP) extend the Disney brand - Toys, books, magazines, interactive games, foods and beverages, stationery, electronics and fine artDisney Interactive Media Group - Responsible for the creation and delivery of Disney branded interactive entertainment and informational content across multiple platforms such as: i) online ii) mobile and video game 12. Promotion mix The Walt Disney Company is very strong in entertainment and animation, the twoareas do fairly well in the global market, but just because a company has itsstrengths doesnt mean its going to successfully sell its product withoutadvertising. Advertising is essential because lets face it, without advertising we wouldnt knowabout half the products we use. In this case we are talking about Disneysanimated films, therefore Disney uses product advertising which is a form ofadvertisement that touts the benefits of a specific good or service. In order to advertise a product, a company must first select an advertising appealwhich identifies a reason for a person to buy a product. Disney uses the "Fun andPleasure appeal to advertise their animated films. Next, the company mustchoose a style to execute their message. Disney uses the "Mood or Image"executional style for advertising which builds a mood or image around the productsuch as love, happiness, or inspiration. For example, whenever you feel a certain emotion after watching a Disney movietrailer, thats their "Mood or Image" tactics working on you. 13. After the company has established how they are going to advertise, they mustdetermine which types of media will best communicate the benefits of theirproduct or service to the target audience and when and for how long theadvertisement will run, this is called media planning. Disney advertises throughnewspapers, their own radio station - 1560 AM Radio Disney, television, internet,and outdoor media. Of course each media type has its advantages anddisadvantages, but because Disney has such a powerful brand name and history,they end up having more benefits than losses. Due to this powerful image, Disney can sell almost anything by just putting one oftheir famous animated characters on the product. For example, because Disneyhad teamed up with McDonalds and Mattel toy makers many years ago, eachtime it comes out with a new film they simply let Mattel make toys out of theircharacters of the upcoming film who distribute the toys to McDonalds whoadvertises them with their Happy Meal for kids, which brings Disney more fameand customers. As a result, the child begs the parent to take him or her to themovie theater to watch the new Disney film the child now knows of just by eatingMcDonalds. 14. Thank You