Walt Disney and Organizational Value Essay Example | Topics and Well Written Essays - 1000 words

Walt Disney and Organizational Value - Essay Example The study also talks about how the value of organization is enhanced by close collaboration and communication between different organizations. If two organizations willingly share information with each other it would become increasingly important for the success of the organization because the organization is exposed to more learning opportunities in this case. Hence, an organizational value is not only created by its resources, but also by new knowledge and information that it can learn over time. This will also lead to organizational development. (Winklen) Another important aspect of organizational value creation is the organization’s willingness and ability to meet the needs of its stakeholders and customers. No business can thrive without having satisfied customers because they bring money to the organization. No organization would be able to operate efficiently if its customers are unhappy or does not transact with the company. Many customers often ask for too many things . Businesses, as a result, are forced to do conjoin analysis in order to decide trade-offs. They would be willing to sacrifice certain less important features of a product or service and replace them with important elements to create value for their stakeholders and customers. Many companies which fail to develop customer-driven approaches fail in their ability to satisfy and retain their customers over long run. They are forced out of the business by their competitors who focus on constantly creating and disseminating value for their customers. In the recent fast and competitive environment, there is no luxury for any business to become complacent, because if a laid-back strategy is chosen, the cut-throat competition in the industry will force the company out of the business. (Toomb and Bailey) A study done by Krista Jaakson highlights the organizational value dimensions as showed in the Figure 1 below. The model highlights three dimensional levels. The first level is about surviva l values, the second level is about ethical value dimension and the third stage is about well-being dimension. Any organization starts from the survival value in order to succeed in the first changing business environment. In the first stage, organization has to set its system rights. They need to develop proper financial report systems, set conservatives values, and control volatility in the economic environment. After all of this is achieved, the organization moves to the second level of value dimension. Here the organization is concerned about ethical values. In this level, there is greater advocacy for creating interpersonal value, ethical values and general humane behavior. The third level of value is achieved through developing proper vision values, emotional values and self actualization values. Achievement of this results in proper value creation for the organization’s stakeholders. The sum of all these value dimensions is greater than the amount of input used in valu e creation. It is where the synergy is created and the value created by the organization is greater than its costs and efforts involved in creating the value. (Jaakson) Figure 1: Organizational Value Dimensions Source: (Jaakson) Walt Disney is a large company. The majority shareholder of the company at one time was Steve Jobs with over 10% equity investment in the company. It is America’s large media conglomerate. The company’s financial statements are decorated with amazing financial figures. In 2011 alone, the company earned