Control Mechanisms The Walt Disney Company Team project

Control Mechanisms: The Walt Disney Company Introduction Organizations use control mechanisms to help regulate guidelines and procedures which contribute toward effectively achieving organizational goals. The Walt Disney Company is a well known entertainment organization that has become tremendously successful both nationally and internationally over the past 70 years or so partly through successful implementation of control mechanisms throughout every aspect of the organization. The purpose of this paper is to explore four types of control mechanisms used by the Walt Disney Company: (1) budgetary, (2) financial, (3) management audit, and (4) bureaucratic through compare and contrast to determine the effectiveness of each by examining the†¦show more content†¦Management Audit Controls Overseeing The Walt Disney Organization is a major responsibility for Disneys Board of Directors. Responsibilities are extensive, including the overseeing of the companys systems of internal co ntrol, including compliance of financial reports, implementing policy and procedures, along with adhering to the applicable laws. According to the Disney (2007)†¦ The Committee shall have responsibility for overseeing that management has implemented an effective system of internal control to promote the reliability of financial and operating information and compliance, including those related to risk management, ethics and conflicts of interest. The Committee plans periodical evaluations to discuss with management any audit findings, including management recommendations for improvement in a particular area in order to promote internal control. Having an effective internal control is extremely important in any organization, especially The Walt Disney Organization, because of the magnitude of its organization. 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