Organisational processes in the Walt Disney Company

Organisational influencees in the Walt Disney CompanyAccording to De Wit and Meyer (2010) Organisational puzzle outes refer to the arrangements, procedures and routines used to manoeuvre and coordinate the various people and wholes within the organisation. This nates be both(prenominal)(prenominal) formalized processes that span the entire organisation, or more informal organisational processes. The front category cannister be processes such as business formulation and control procedures, final budgeting and account. Other control and coordination processes are more particular in scope, such as new product development meetings, each year sales conferences, weekly quality circles, web based expert panels and every quarter meetings with the senesce of directors. Informal organisational processes are more about personal networking and influencing decision-making through factors such as informal negotiation.The case of Walt DisneyControl and coordination mechanismsCorporat e cheek guidelinesOne of the internall(a)y control mechanisms in the Walt Disney Company is the supervision done by the board of directors.According to the Walt Disney Company web site, the responsibility of the board of directors is to supervise and direct the management of the phoner in the interest and the profit of the companys stakeholders. The board act directly through committees and have the following dutiesOverseeing the conduct of the companys business to gauge whether the business being properly managedReviewing/approving the companys study pecuniary objectives, plans and actionsReviewing/approving study changes in, and determination of other major issues respecting the eliminate visiting and accounting system principles and practices to be used in the preparation of the financial statementsAssessing the major risk factorsRegularly evaluate the performance and approving the compensation to the CEO. And with the advice of the CEO, evaluate the performance of pri ncipal senior executivesPlanning for succession with respect to the stake of CEO and monitor management succession provision for other executives depute the authority and responsibility for managing the business in relation to guidelines (Disney Web page).The corporeal administration of the companyAnother control and coordination mechanism is The Walt Disney Company incorporated team, who support services to the business wholes and affiliates of the Walt Disney Company. The individual responsibilities in this group can be strategic, tactical, diverse and specialized. It can span the whole organisation or focus more on the corporate division. This team work jointly to analyze potential opportunities, assess gos and recommend future direction.The corporate planning and control group of the administration is divided into five units Corporate controllership This unit is responsible for overseeing the financial statements of the company and as well as other finance reporting and c ontrol functions. Tasks included for this group is developing presentations to senior management and the scrutinize committee of the board of directors concerning the financial performance of the company, as well as update of significant accounting standards. In plus to this, they work near with investor relations and corporate communications departments with respect to financial communication. Management audit The Partners with financial, operational and IT executives to down the stairsstand their internal control environment, risk and risk palliation activities. They develop and execute a plan to address diagnose risks and also promote an overall risk and control awareness in the company. green light Finance Processes Is responsible for optimizing the companys finance and accounting operations. This is done through process improvement, finance system sustainability controls and data governance. As a result, they partner with controllership, planning and financial system supp ort teams to maintain the ongoing efficiency of the financial systems and reliability of data. They also support the finance processes, reporting and system improvements for the company. trading operations Planning The focus and responsibility is on company-wide operating, long-range and capital planning, quarterly and annual earnings and cash flow forecasting. Furthermore all major capital projects and monitoring and assessment of all segment/business unit operating performance. Moreover they are evaluating the financial impact on key business decisions and alternatives, and projects aimed at improving the financial performance of the company. They also go proposals to the board of directors concerning these matters. Accounting Shared Services Their mission is to provide exceeding service, low cost processing and value added information/consulting for enterprise vide accounting and HR functions. The group work with all the business units to consolidate and perfect transaction oriented processes. Corporate synergy and special projects This unit under corporate administration of the company develops plans and strategies to foster collaboration across all business units. This department work with identifying, communicating and supporting the annual company-wide merchandise and synergy initiatives and partners with the different divisions in order to drive those priorities into their business. Corporate system business Planning and Technology Work with business units to optimize their strategies at the segment level.One can also say that the end result of an organisational process is an organisation. In other words a whole consisting of unified parts acting in harmony to execute tasks to achieve the goals both effectively and efficiently (http//www.cliffsnotes.com/study_guide/The-Organizational-Process.topicArticleId-8944,articleId-8875.html).It can be said to be the process of the product life cycle. In The Walt Disney Company and its Media and Broadcast ing segment, the company has realized a culture were innovation is encouraged. As stated, Since our brand is innovative, entertaining and inviting, we compose a similar learning environment that encourages employees to learn and develop in engaging and developing ways (http//corporate.disney.go.com/careers/learning.html). As a result of this, the company offer a variety of training programs and learning opportunities. In addition to this the company recognize and reward their employees both individually and in teams (http//corporate.disney.go.com/careers/rewards_and_recognition.html). This can also be said to be part of the organisational processes of the company.