Tokyo Disneyland Questions

In: Business and Management

Submitted By iceberg
Words 936
Pages 4
Assignment Questions
1. Is Japanese corporate governance changing?
Yes, moving toward an Anglo-American or market-based governance system, there is little possibility that it will converge on that mode. One reason is that there are two kinds of factors determining corporate governance: one is the factors that converge easily internationally, such as financial markets reflecting financial globalization, financial data, and accounting rules; the other is those that are less likely to converge, such as the social system of a nation, commercial and corporation laws that reflect history and commercial practices.
2. How do Japanese cultural, historical and institutional variables make Japanese corporate governance different from Anglo-American counterparts?

The difference between Japanese and Anglo-Americana following :
1. An initial capital investment in Tokyo Disney Sea Park of ¥400 billion (US$3.4 billion) will be made in 2000.
2. The number of visitors will remain the same during the next four years and will increase
30% in 2002 when Tokyo DisneySea Park will be opened. They will increase 10% in
2003 and 2004. In 1997, the average admission fee per person was ¥10,421 (US$88.30).
Given the deflationary climate, admission fees will increase by 2% annually during the four years after 1997, and will increase by 15% in 2002 at the opening of Tokyo
DisneySea Park and will again increase by 10% in 2003. In 2004, admission fees will remain at the same rate as in 2003.
If the new project is not undertaken, the number of visitors will remain the same during the seven-year period and admission fees will increase by 2% annually over those seven years.49 3. Operating costs other than depreciation (67% of the sales, the ratio of 1997 data), administrative expenses (7%), and other expenses (4%) will increase proportionately with the increase in sales. These…...

Similar Documents

Tokyo Afm

...TOKYO AFM Case Study 1. I would recommend to Matsumoto to change the way he recognized revenues by recognizing the revenues on a monthly basis for the period or straight-line method for the time of the contract. So for a five-year contract I would recognize 1/60th of the revenues each month for 60 months. So for this question I would recognize Y1,666.67 each month for 60 months. 2. I would recommend to Matsumoto to capitalize all acquisition costs incurred during the acquisition of the revenue. For this example I would capitalize Y70,000 for the two-year contract. I would amortize the acquisition cost for 24 months on a straight-line method. So I would recognize Y2,916.67 of expense every month for 24 months or the time period of the contract. 3. I would recommend to Matsumoto to do two things when recognizing respected losses associated with automobile insurance and catastrophes insurances: Since its a high probability of occurrence and can be reliably estimated for automobile insurances I would recognize 70% of the premium as a liability on the balance sheet and disclose the reasons for the liability on the financial statement notes. Since probability of occurrence is only reasonable or amount cannot be estimated for the catastrophe insurance I would just disclose 12% OF premiums as liability or the scenario of 4% to 20% of premium payouts is likely in the financial state notes but do not accrue as a liability. 4. I would recommend to Matsumoto to......

Words: 455 - Pages: 2

Hong Kong Disneyland analysis of Hong Kong Disneyland. This analysis will examine the effect of the national culture of the Hong Kong in relation to the business operation and other several various factors of that affects the business conduct of chosen industry. The industry chosen by the writer is Hong Kong Disneyland (Disney, for brevity). Hong Kong Disneyland was a theme park built and operated by a new-joint venture company, the Hong Kong International Theme Parks Ltd. (HKITP), as formed by the Hong Kong Special Administrative Region Government and the Walt Disney Company.             The author uses Disney as the subject of the paper as it is a new in the business industry. It has been conducting business since the year 2005, hence, assessment and analysis about the company is still few. This report will give a brief background about Disney. The analysis portion applying the different methods for strategic analysis in order to examine the remote and close environments of the subject company will follow the background. The paper will use some cultural theories in order to provide a comprehensive background as to the cross cultural awareness of the company with the culture of a state.   BACKGROUND             Hong Kong Disneyland is built and operated by a new-joint venture company, the Hong Kong International Theme Parks Ltd (HKITP), as formed by the Hong Kong Special Administrative Region Government and the Walt Disney Company.  It is the fifth (5th) Disneyland style Park, which......

Words: 1847 - Pages: 8

Hong Kong Disneyland

...HONG KONG DISNEYLAND ! According to Ali Farhoomand1, Hong Kong Disneyland has been struggling with lower-than-expected profits for almost three years since its opening; factors such as park’s small size, inconvenient location, lack of unique features and Chinese elements, and insufficient appeal to adults have been claimed as possible major causes2. Forhoomand points out that there has been negative press coverage pouring in regards to overcrowding; for instance, “You have to line up for everything. It is a pain, it’s too crowded”, said Chai Zaiyong, who came on a package tour from northern China3 . Then, according to Chester Yung 4 , due to the perceived lack of Chinese elements, Disneyland had not attracted the flocks of mainland Chinese tourists that Disney and the Hong Kong government had anticipated. “This place is very foreign to me,” said 50 year-old Yuan Xiaozhi, an interior decorator from the southern city of Foshan, who was visiting the park for the first time with his wife 5. Consequently, being aware of the importance of adopting local customs, Hong Kong Disneyland launched its first integrated marketing campaign with Chinese cultural elements. In details, for the Chinese New Year of 2008, a new collection of red Chinese costumes was designed for Mickey and Minnie, visitors were also greeted by the Chinese gods of wealth, blessing, health and longevity, who handed out Chinese traditional chocolate gold coins. the fading magic of Disney in Hong kong, the......

Words: 562 - Pages: 3

Euro Disneyland - a Case Study

...Xavier Institute of management & entrepreneurship | EURO DISNEYLAND CASE ANALYSIS | CCM ASSIGNMENT | | | Augustine George (32)Balaji Subramanian (36)David Aditya Solomon (45)Eliza Mathew (52)Eliza Pani (53) | | EXECUTIVE SUMMARY The given case “Euro Disneyland” elaborates about the issues faced by the Walt Disney Company when expanding to international borders. It first begins with the history of how Disneyland became so successful and expanded to various states across the country. It then describes about its first international success namely the Tokyo Disneyland and the factors affecting it. The case then describes Disney’s decision of expanding into Europe. The various differences and problems faced in setting up of the amusement park. Some of the major issues in setting up of the park were: * Cultural differences between the European and the American market * Environmental and location factors for setting up the amusement park * Financing and initial business plan were not analysed thoroughly in synchronisation with external economic factors * French labour laws were not taken into account while inducting the workforce * Management issues such as different attractions in the park It was understood that the chief reason for Euro Disney’s failure was a lack of understanding of European culture on Disney’s part. Based on the understanding from the case following recommendations were made: * A study in history and an......

Words: 4410 - Pages: 18


...Process of Disneyland Disneyland is the greatest place on the earth. It is an imaginary place where you can really feel that you are enchanted. There is no place in the world that has this special magic which Disney has. It is the dream of every child, teenager, adult, and even mothers and fathers. I went there when I was fifteen years old and actually no one can imagine how happy I was; except who went there. In addition, I could not forget how my dad and mum were extremely happy with us; really it is a place where parents and children spend the most joyful time together. I choose to discuss this topic because many of us go there and spend unforgettable time, but we cannot imagine or think how the inventor of Disneyland (Walt Disney) achieved his dream. Disneyland process involves several steps in order to be done. On July 18, 1955 Walt Disney had invented his first theme park Disneyland after four years of working hard and extensively. The theme park was located in, California, U.S.A. Walt Disney came up with the concept of Disneyland in the 1930s and 1940s when he and his daughters visited the Griffith Park in Los Angeles and he came up with the idea of having a park where parents can spend enjoyable time with their children. But this dream took a long time to be a reality. Walt Disney was receiving many letters from the fans that they want to visit Disney studio so that he started thinking of building an adjacent tourist attraction in order to amuse fans.......

Words: 1383 - Pages: 6

Hong Kong Disneyland

...Submission #______ BUAD 357 Fall 2010 Hong Kong Disneyland I. Synopsis of the Case This case is about cultural differences among Disney theme parks located in different countries. It begins by discussing the difficulties encountered when associating American Disney theme park norms to HKD. It explores Disney’s efforts to rectify dilemmas highlighted in the media involving differences among the culture, park guests, and disgruntled employees. It examines the initial attractiveness of Hong Kong to Disney and the current factors limiting its success in the country. This case study is an excellent demonstration of how Disney failed to translate its strategic assets to the Chinese culture and the challenges present to turn things around. (99 words) II. Identification of key issues HKD opened with the expectations of 5.6 million visitors the first year and visions of the success of another Tokyo Disney Resort. However, HKD was unable to present its products, practices, and ideologies with the success of Tokyo Disney. This was due to managerial policies as well as many ethical dilemmas among the Chinese culture brought upon by park practices. Among the dilemmas due to managerial policies were capacity issues. Capacity limit issues of 30,000 visitors......

Words: 909 - Pages: 4

Performance Management in the Disneyland Hotel

...internship in the Disneyland Hotel Mr. Ruben Hilberink, who allowed me to use his research on performance quality management while he was in college which inspired me in finding the company problem statement of this paper. While his research focused more in the implementation of performance management in the workplace in general, he advised me that it could be a good subject concerning the hospitality industry, precisely at the level of the reception where the performance can be measured easily. Following his advice and being interested by the subject, I therefore decided to study more precisely this process and how it was implemented, rightly or not, in the Disneyland Hotel. Apart from this person, I would also like to thank my manager Mr. Oliver Drutschmann who hired me as a Team Leader intern and allowed me to work in this environment, involving me in several projects such as the transformation process of the majority our standard rooms in terrace rooms situated in the main floor of our hotel (in order to get a higher average price / room) or empowering me and other team leaders in taking operational decision related to management. I had also the opportunity to work with a wonderful team, always available if needed and I’m grateful to them as my time at the Disneyland Hotel was very positive in terms of personal and professional experience. 3. Table of contents 2. Acknowledgments 4. Development I) Introduction II) Disneyland Paris: the Disneyland Hotel III) The......

Words: 14196 - Pages: 57


...Everyone that was there seemed so happy and that’s when it hit me. All this time I had knew what was wrong with me. I had realized that I was angry and emotional towards my parents. I felt like they let me down by never taking me to an amusement park. Lights started to turn off and that’s when I snapped out of my thoughts. The only lights that were on were the store lights and the lights from the rides. The lights looked nice especially the castle where sleeping beauty slept. Boom! Boom! Boom! Fireworks were being shot. The only thing I could stare at was her smile. The only thing that was going through my mind was the thought of her bringing me to Disneyland and the outcome that it brought to my heart. I told my girlfriend that it was the best memorable gift a nineteen year old could ever receive for being his first time to Disneyland. ...

Words: 714 - Pages: 3

Culture, Service and Product (Hong Kong Disneyland)

...Culture, Service and Product (Hong Kong Disneyland) Managing Service Operations in the Evolving Business Environment Executive Summary This paper covers the early stages of Disney and its growths in the years that have past. Disney Company is well known for its television series, movies, radio, shops, and theme parks. Disneyland has evolved throughout the years and has opened internationally theme parks in Paris, Tokyo and Hong Kong. It is soon opening its doors to another one in Shanghai in the first half of 2016. Disney branding is global and its value and culture broadens worldwide, but glocalization and grobalization need to be taken into consideration when opening a new concept in different countries. Furthermore, this paper shows the first negative impact of the opening of Hong Kong Disneyland in 2005 and what had to be changed in order to have a successful future and generate productivity for the business. It puts in perspective what needs to be taken into consideration prior to any opening. It describes the problems that have shown the difficulty of the new theme park and the solutions taken in order for them to be victorious. Finally, this paper talks about the recommendations and actions that can be taken into consideration in order to avoid this happening in the future. Disney first opened in 1926 with the name The Disney Brothers Studio. According to Robbins, (2014), “The Disney Company has been a premier entertainment company for over ninety...

Words: 2890 - Pages: 12


...Financial Accounting Concerns 1. Tokyo AFM recognized premium revenue at the time it received the policyholder’s up-front cash payment. The company’s accountants argued that since the level of up-front payments received from policyholders had been stable over the last few years, this method was an appropriate reflection of economic reality. For example, Fuji Computers entered into a five-year insurance contract with Tokyo AFM against earthquake damage to its headquarters building. As is customary, it paid the 100 million premiums for the five-year coverage up front in cash. Question: How would you recognize revenues associated with this type of catastrophe insurance contract? This case can be considered as premiums from short-duration insurance contracts, which are intended to cover expected claim costs resulting from insured events that occur during a fixed period of short duration. As of now the management is recognizing premium at the time it received policyholder’s up-front cash payment, but they should recognize the premium as earned revenue over time as the risk covered by the policy runs off. This is called a “deferral-matching approach”, as it attempts to defer recognition of any revenue or expense so that it can be matched with the timing of the incurred losses. Therefore, premiums from short-duration contracts are earned and recognized as earned revenue evenly as insurance protection is provided. In this case of Fuji computers the 100 million premiums...

Words: 999 - Pages: 4


...   Hong Kong Disneyland is the co-operation between Disney and Hong Konggovernment, which was announced from 1998 and is opened to the public fromSeptember 2005. This theme park is the fifth Disneyland on the World, and the second onthe Asia, the first is Tokyo Disneyland, a well-known theme park. Hong KongDisneyland is expected to be successful and attracted around 5.6 million visitors in thefirst year of operations. However, there are some issues which constrain the growth of Disneyland in Hong Kong as well as cause an unexpected performance of the theme park from 2005 until now. The Hong Kong Disneyland was expected to overcome the Ocean Park, a famous theme park in Hong Kong from 1977 and then to become the market leader of the Hong Kongand China theme park industry. However, the issues in management, estimation, marketcompetitors, and internal and external environment strategy are the barriers to delayDisneyland to achieve their goal   The perceptual map above shows the position of Hong Kong Disneyland in the marketwith their competitors, and specially Ocean Park, their main competitor in Hong Kongand China market. It is clearly seen that Hong Kong Disneyland is on a disadvantage position to compare with other competitors, the Disneyland has a higher ticket price, butthe attraction is just over average. This position was a result of the poor estimation of Disneyland when they started their business in Hong Kong and Asian. Disneyland aimedto build their......

Words: 1607 - Pages: 7

Hk Disneyland Case Study

...S HONG KONG DISNEYLAND w 907M13 Michael N. Young and Donald Liu wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Ivey Management Services prohibits any form of reproduction, storage or transmittal without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Management Services, c/o Richard Ivey School of Business, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail Copyright © 2007, Ivey Management Services Version: (A) 2007-08-27 September 12, 2006, marked the one-year anniversary of the opening of Hong Kong Disneyland (HKD). Amid the hoopla and celebrations, media experts were reflecting on the high points and low points of HKD’s first year of operations, including several controversies that had generated some negative publicity. At a press conference and interview to discuss the first year of operations, Bill Ernest, HKD’s executive vice-president, acknowledged that the park had learnt a lot from its experiences and that the problems had made it stronger. Ernest also announced that HKD......

Words: 8333 - Pages: 34

Disneyland in France

...Case Study: Disney in France1 Until 1992, the Walt Disney Company had experienced nothing but success in the theme park business. Its first park, Disneyland, opened in Anaheim, California, in 1955. Its theme song, "It's a Small World After All," promoted "an idealized vision of America spiced with reassuring glimpses of exotic cultures all calculated to promote heartwarming feelings about living together as one happy family. There were dark tunnels and bumpy rides to scare the children a little but none of the terrors of the real world . . . The Disney characters that everyone knew from the cartoons and comic books were on hand to shepherd the guests and to direct them to the Mickey Mouse watches and Little Mermaid records. The Anaheim park was an instant success. In the 1970s, the triumph was repeated in Florida, and in 1983, Disney proved the Japanese also have an affinity for Mickey Mouse with the successful opening of Tokyo Disneyland. Having wooed the Japanese, Disney executives in 1986 turned their attention to France and, more specifically, to Paris, the self-proclaimed capital of European high culture and style. "Why did they pick France?" many asked. When word first got out that Disney wanted to build another international theme park, officials from more than 200 locations all over the world descended on Disney with pleas and cash inducements to work the Disney magic in their hometowns. But Paris was chosen because of demographics and subsidies. About......

Words: 1450 - Pages: 6

Disneyland Facts

...SHEET Financial arrangements relating to Tokyo Disneyland, Disneyland Paris and Hong Kong Disneyland 1. Background 1.1 At the special meeting held on 4 July 2009, the Panel on Economic Development discussed the financial arrangements relating to the proposed expansion of Hong Kong Disneyland. During the discussion, a member requested the Research and Library Services Division to provide information on the financial arrangements relating to Tokyo Disneyland, Disneyland Paris and Hong Kong Disneyland. As such, the purpose of this fact sheet is to provide the Panel with information on these three theme parks in terms of their ownership and the financial arrangements for the construction project. 1.2 This fact sheet originally intended to study the operational statistics of the three theme parks. According to the Tourism Commission of Hong Kong1, both the Government and the Walt Disney Company (Walt Disney) are bound by the confidentiality provision under the current agreement not to disclose any commercially sensitive information of Hong Kong Disneyland, including the gain or loss from the operation of the theme park. Against this, this fact sheet only lists the key operational statistics of Tokyo Disneyland and Disneyland Paris for comparison. 1 See Tourism Commission (2009). page 1 Research and Library Services Division Legislative Council Secretariat FS30/08-09 2. Tokyo Disneyland Overview 2.1 Tokyo Disneyland opened on 15 April 1983 at a cost......

Words: 3904 - Pages: 16


...Disneyland Park is a theme park located in Anaheim, California, owned and operated by the Walt Disney Parks and Resorts division of The Walt Disney Company. Known as Disneyland when it was dedicated on July 17, 1955, and still almost universally referred to by that name, it is the only theme park to be designed and built under the direct supervision of Walt Disney. In 1998, the theme park was re-branded Disneyland Park to distinguish it from the larger Disneyland Resort complex. Walt Disney came up with the concept of Disneyland after visiting various amusement parks with his daughters in the 1930s and 1940s. He initially envisioned building a tourist attraction adjacent to his studios in Burbank to entertain fans who wished to visit; however, he soon realized that the proposed site was too small. After hiring a consultant to help determine an appropriate site for his project, Walt bought a 160-acre (65 ha) site near Anaheim in 1953. Construction began in 1954 and the park was unveiled during a special televised press event on the ABC Television Network on July 17, 1955. Since its opening, Disneyland has undergone a number of expansions and renovations, including the addition of New Orleans Square in 1966, Bear Country (now Critter Country) in 1972, and Mickey's Toontown in 1993. Disney California Adventure Park was built on the site of Disneyland's original parking lot and opened in 2001. Disneyland has a larger cumulative attendance than any other theme park in the...

Words: 297 - Pages: 2