EclipseAg said:
To bring this back to Disney ...
I saw an interesting post on X the other day, written about another company facing another issue, that applies.
The poster's point was that corporate controversies keep happening because so many leaders fail to understand both their employer's brand and its customer base. They are so focused on promoting a different agenda -- whether it is a particular social issue, personal growth or their own career -- that they derail the company.
And given today's environment, other leaders are afraid to push back even when it's obvious a train wreck is coming.
I think it's clear that Disney has, in several respects, lost its way because some in leadership don't care about the customs and traditions of the brand or the customer base as a whole, and others stay silent. If Iger can fix that, he deserves his pay.
Yup agreed.
And I'll elaborate on this a little more on something I heard a ways back that I agree with.
Not just Disney...but every company needs diversity of thought at the highest level. And by that I mean, you need a healthy combination of conservative thought, and liberal thought.
The reason for this, is that when companies are made up of mostly conservative thought there is a risk of getting stuck in old ways and not being enough of a risk taker in their market and eventually getting left behind. On the other hand, companies that are made up of mostly liberal thought tend to move too far away from what was always working and taking far too greater of risks and eventually driving away their original customer base.
When both of these methods of thinking and reason have a strong balance and ways of communicating, you end up having a strong business model that can both succeed and have forward thinking without leaving behind the tried and true methods that make the business successful.
Disney has simply gone too far one way. They aren't the first company and they won't be the last. My hope is that they can realize this and start to right the ship. No idea what would be required to make that happen....some seem to think it's Iger. Some seem to think it's the board. Others both. Others seem to think it's other aspects of the company.
I'll keep my personal feelings on this specific line of reasoning to myself but just wanted to throw this out there as a general rule of what could be the cause of what we've been seeing basically since Endgame came out.