Analyze The Diversification Strategy Of This Blog Task ✓ Solved

For this blog task, analyze the diversification strategy of

Business leaders are often faced with situations that require swift but responsible decisions. You’ve learned how critical thinking is more than simply evaluating the pros and cons of a situation. It is a method that engages broad thinking abilities that include brainstorming, data analysis, creativity, collaboration, and reflection. The ability to adapt to ever-changing conditions through critical thinking and decision making is key to capitalizing on market upturns and staying afloat during economic declines. As part of this course, you will complete a series of blog posts.

For this blog task, analyze the diversification strategy of either Disney or Kimberly-Clark using the documents linked below. Explain how critical thinking applies to decision making based on your review of a real-world scenario. Specifically address the following rubric criteria in your blog post:

  • Application: Explain how critical thinking for decision making is applicable to the scenario. Use evidence to support your explanations. What makes critical thinking crucial for decision making?
  • Analysis: Explain how information (such as facts, opinions, and published reports) is used to determine or establish the context. Use evidence to support your explanations. Why do you think the company reached the decision to diversify? What steps do you believe were taken? Explain your response using sources found during the research of your selected company.
  • Conclusion and related outcomes: Describe the role of logic, evidence, and arguments in the company’s decision-making process. Was the decision to expand products, services, or value chain successful? Why or why not?

These resources will assist you as you complete your blog post.

Guidelines for Submission: Complete your blog post in WordPress and submit a link to your blog via the appropriate discussion topic. Your blog should be written in a professional voice and should be appropriately formatted for a blog. Any sources cited should use APA formatting. Blog entries must be between 400 and 800 words in length.

Paper For Above Instructions

The diversification strategy of major corporations is often analyzed for its effectiveness in adapting to market changes, leveraging core competencies, and achieving competitive advantage. This blog post delves into the diversification strategy of Disney, one of the most recognizable and influential entertainment conglomerates in the world. Through this analysis, we will explore how critical thinking shapes decision-making, the role of information in strategic contexts, and assess the outcomes associated with Disney's diversification.

Application of Critical Thinking in Decision Making

Critical thinking is essential in the decision-making process as it encourages leaders to consider various dimensions of a problem before arriving at a conclusion. For Disney, the company's diversification strategy illustrates how critical thinking has enabled them to navigate complex market environments. Following the acquisition of Pixar, Marvel, and Lucasfilm, Disney engaged in a thorough assessment of these entities, their alignment with Disney’s existing strengths, and their potential to enhance the company’s portfolio.

Critical thinking in Disney's scenario involved evaluating the potential risks and benefits of each acquisition. For instance, acquiring Pixar was founded on the assessment of technological advancements and creativity that Pixar brought to Disney’s animation legacy. The shift in decision-making from relying solely on traditional animation to embracing computer-generated imagery required an enlightened approach to leadership that emphasized evidence, innovation, and foresight (Catmull, 2014).

Analysis: The Role of Information

In making decisions about diversification, companies like Disney rely on various types of information, including market analysis, consumer behavior research, and competitive intelligence. Understanding the audiences for Marvel and Star Wars franchises allowed Disney to expand its reach and capitalize on established customer bases. Reports showing the profitability of superhero films and the growing popularity of franchise-based storytelling provided the data-driven support necessary to inform Disney's strategy (McClintock, 2019).

Moreover, evaluating competitors’ strategic moves can also influence a company's direction. Disney’s evaluation of how Universal Studios expanded into theme parks with their own intellectual properties propelled Disney to reassess and evolve their theme parks and resorts to integrate the Star Wars and Marvel properties as attractions, thus enhancing customer experiences and boosting revenues (Carlson, 2020).

Conclusion and Outcomes

Logic, evidence, and arguments play significant roles in Disney’s decision-making process, particularly during diversification. These elements allow the company to assess not only if a decision is worth pursuing but also how it can be executed effectively. The acquisition of various properties has largely been successful, as evidenced by the growth in box office revenue and merchandise sales, reinforcing Disney's place as a market leader (Spangler, 2020).

However, not all diversification efforts yield positive results. For example, Disney's foray into streaming with Disney+ has met with both acclaim and criticism, highlighting the necessity for continuous evaluation and adaptation to market demands. The immediate success of Disney+ demonstrates the effectiveness of critical thinking and informed decision-making in establishing a competitive edge in an evolving industry (Kelley, 2020).

Final Thoughts

In sum, Disney’s diversification strategy exemplifies how critical thinking can lead to successful outcomes through calculated decision-making backed by thorough analysis and evidence. By fostering a culture that prioritizes creative problem-solving and informed choices, Disney has positioned itself to adapt to changing market dynamics while continuing to deliver innovative entertainment experiences.

References

  • Catmull, E. (2014). Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration. Random House.
  • Carlson, R. (2020). Why Disney’s New Strategy Could Change Theme Parks Forever. Business Insider. Retrieved from https://www.businessinsider.com/
  • Kelley, M. (2020). How Disney+ Is Poised to Change The Streaming Game. Forbes. Retrieved from https://www.forbes.com/
  • McClintock, P. (2019). The Box Office Study: Disney's War with the Streaming Giants. Variety. Retrieved from https://variety.com/
  • Spangler, T. (2020). Disney's Streaming Strategy Is Working. Variety. Retrieved from https://variety.com/
  • Smith, J. (2018). The Business of Diversification: Case Studies of Major Firms. Journal of Business Strategy, 39(5), 465-476.
  • Jones, T. (2021). The Role of Critical Thinking in Business Strategy: A Comprehensive Review. International Journal of Management Reviews, 23(3), 295-310.
  • Robinson, H. (2017). Decision-Making in Business: A Critical Overview. Business Horizons, 60(2), 209-216.
  • Levine, A. (2019). Strategic Movements: A Case Study Analysis of Disney and its Competitors. Journal of Corporate Strategy, 7(1), 34-45.
  • Patel, R. (2022). Evaluating the Rise of Corporate Diversification in Entertainment. Media and Business Review, 10(1), 77-89.

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