CASE STUDY: RESTRUCTURING AT DISNEY Disney has grown exponentially since Walt Disney created the company's first organizational chart, which featured a mass of arrows pointing in every direction. Most recently, starting from 2018, Disney announced a corporate restructuring to help it capitalize on U.S. and international growth opportunities. Under the new structure, the company will be organized into four key business segments, a move that is intended to position the company for global expansion, more technological innovation, and the creation of more diverse content for its audiences. Disney creates theme park magic and movies that captivate both young and old, and it is also taking steps to compete with the likes of Netflix and Amazon in direct-to-consumer streaming. The recent reorganization consolidates certain business units and expands responsibilities for certain individuals on the management team. In addition, CEO Bob Iger has committed to delaying his planned retirement from 2019 to 2021, evidence of flexibility in the company's succession and workforce planning as it continues to grow. At the heart of any successful reorganization is a well-thought-out and well-executed plan that considers a range of industry, customer, and employee implications. Although companies are reorganizing all the time, those who find success take their reorganization in stride and continue to grow and compete. As some of the regant reorganizations demonstrate, restructuring can lead to the redundancy of certain positions and layoffs, but it can also expand individual responsibilities and may even create jobs. No one knows what the future holds, but several business examples prove that reorganizations work and can help companies achieve their longrange strategic goals. CASE QUESTIONS AND MARKING SCHEME: 1. The last paragraph of the case suggests that successful restructuring is grounded within effective planning. Develop a comprehensive action plan to guide restructuring at Disney. Be sure to outline and critically evaluate the key suceess factors for restructuring within your plan. (10 marks- logical coherent planning framework 1 mark, use of relevant business examples 1 mark, evaluation of at least 4 success factors with supporting analyses and the appropriate use of OD theories/concepts 4 marks each for 8 marks) 2. Identify and describe any two (2) examples of businesses that may be viewed as successful cases of restructuring. Be sure to cite the souree(s) of your research