Question
Please discuss about this passage Disney, a world-renowned company that hosts magical theme parks, went through a breakthrough during COVID and needed to pivot in
Please discuss about this passage
Disney, a world-renowned company that hosts magical theme parks, went through a breakthrough during COVID and needed to pivot in order to maximize profits. Although Disney's brand is well known, Disney's parks had been closed for a long time due to the pandemic which caused many to doubt an increase in profits or allow for a giant loss. However, they have been able to pivot during their park and cruise line closures with Disney Plus. After the streaming service came into fruition, parks came back and their revenue exploded. The biggest improvements Disney has made were to revamp their customer retention and build a safe environment for COVID protocols to allow the masses to come back into the park. Moreover, their streaming service has acquired over a total of 221 million subscribers and are looking to maximize their profits by increasing the cost by offering different packages for members. The basic package will now have ads but members will have to pay more to take the ads out. I believe the key factors that will increase the likelihood of success would include marketing and sales of a company, the management, customers, and systems. Disney has formed a die-hard fan base which bodes well to consistent and growing numbers for the brand and their management team has implemented a culture that makes it one of the best places to work for in the world.
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