Accountabilities, Objectives, And Standards At Disney

Accountabilities, Objectives, and Standards at Disney Below is an actual job description for a purchasing and procurement internship position that was available at Disney Consumer Products / Studios. Based on the information in the job description, create accountabilities, objectives, and standards for this position.

After reading the case, go back to paragraph 1. Your assignment is, based on the job description, to develop OBJECTIVES for the position listed. Remember that SMART objectives are specific, measurable, attainable, reliable and timely. Objectives always begin with a "verb".

Paper For Above instruction

The internship position at Disney Consumer Products and Studios requires a structured approach to defining objectives, accountabilities, and standards that align with the company's strategic goals and the specific responsibilities outlined in the job description. Based on the detailed responsibilities, the following objectives are formulated in accordance with the SMART criteria, ensuring they are specific, measurable, achievable, relevant, and time-bound.

Objectives for the Purchasing & Procurement Internship at Disney

  1. Analyze current pricing models across business units and develop at least three innovative approaches to pricing and procurement strategies within the first three months of the internship to improve cost efficiency and business advantage.
  2. Identify and assist in the development of at least 10 key stakeholder lists and uncover five significant savings opportunities regarding existing contracts by the end of the internship period, ensuring that these opportunities align with corporate procurement goals.
  3. Support the development of a comprehensive Purchasing & Procurement strategy by collaborating with cross-functional teams and present strategic recommendations to management quarterly, demonstrating understanding of Disney's business units and procurement needs.
  4. Survey existing buying patterns and monitor procurement spend, with the aim to influence at least 15% of the total spend in targeted units within six months, thereby increasing Disney’s procurement influence.
  5. Utilize advanced Microsoft Excel modeling skills to create detailed financial models and dashboards that enable better decision-making support for procurement projects, with initial drafts ready within the first six weeks.
  6. Build professional relationships with stakeholders by maintaining regular communication and demonstrating collaborative problem-solving, achieving positive feedback from at least 80% of contacts at the end of the internship.
  7. Manage multiple procurement tasks simultaneously by developing and adhering to a project timeline, culminating in the successful completion of at least four key projects or analyses by the internship's conclusion.
  8. Learn and apply project management skills to coordinate procurement initiatives, resulting in improved workflow efficiency and documented lessons learned in project reports.
  9. Gain exposure to media and entertainment industry procurement practices by actively participating in at least three strategic meetings and providing insights or reports based on data analysis.
  10. Evaluate internship progress and demonstrate professional growth by setting personal development goals at baseline and reflecting on achievements in a final report, with measurable progress indicators.

Standards for the Objectives

  • All objectives are aligned with Disney’s corporate procurement strategies and values.
  • Performance benchmarks are set based on industry standards and internal Disney metrics.
  • Regular progress checks are conducted bi-weekly to ensure objectives are on track and to adjust strategies if needed.
  • Objectives are designed to enhance the intern’s skills in analysis, strategy development, stakeholder communication, and project management.
  • Success is measured by tangible outputs such as models, reports, stakeholder feedback, and achievement of set influence targets.

Conclusion

Developing clear, SMART objectives grounded in the responsibilities of the internship promotes a focused and measurable pathway for both the intern’s growth and the company’s procurement goals. These objectives provide a framework for evaluating performance and ensuring the internship delivers meaningful value to Disney’s procurement operations while fostering professional development in future industry leaders.

References

  • Disney Parks, Experiences and Products. (2016). Annual Report. The Walt Disney Company.
  • Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
  • Kroon, B., & Van den Hooff, B. (2015). Impact of Procurement Strategies on Cost Savings. Journal of Supply Chain Management, 51(4), 25-38.
  • Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2015). Purchasing and Supply Chain Management. Cengage Learning.
  • Chen, I. J., & Paulraj, A. (2004). Towards a Theory of Supply Chain Management: The Constructs and Measurements. Journal of Operations Management, 22(2), 119-150.
  • Christopher, M. (2016). Logistics & Supply Chain Management. Pearson UK.
  • Lysons, K., & Farrington, B. (2016). Procurement and Supply Chain Management. Pearson Education.
  • Handfield, R., & Nichols, E. (2002). Supply Chain Redesign: Transforming Supply Chains into Competitive Weapons. Financial Times Prentice Hall.
  • Harland, C. M., Zheng, J., Johnsen, T., & Lamming, R. (1999). An Operational Model for Managing Supplier Relationships. European Journal of Purchasing & Supply Management, 5(2-3), 177-193.
  • Ellram, L. M. (1991). A Critical Review of Supplier Selection Using Multiple Criteria. Journal of Purchasing and Materials Management, 27(3), 2-11.

Related Assignments