Based discussed in 1997 at its previous successes with Tokyo Disneyland, Oriental Land Corp. Japan and the Walt Disney Co., the possibility of a new joint project known as Tokyo DisneySea Park. Different approaches to investment appraisal and different corporate governance regime led the two companies to evaluate the project in various ways. Although the globalization of the Japanese economy has progressed with amazing speed techniques, management philosophy and investment accounts still differ si … Read more »

Based discussed in 1997 at its previous successes with Tokyo Disneyland, Oriental Land Corp. Japan and the Walt Disney Co., the possibility of a new joint project known as Tokyo DisneySea Park. Different approaches to investment appraisal and different corporate governance regime led the two companies to evaluate the project in various ways. Although the globalization of the Japanese economy has progressed at an astounding rate, management philosophy and investment appraisal techniques still differ significantly among Japanese and American companies. In a joint venture, such differences have a significant impact on the decision-making processes. Demonstrates different key practices in the Japanese and American companies in the field of corporate governance and finance.
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Mitsuru Misawa
Source: University of Hong Kong
26 pages.
Release Date: 23 March 2006. Prod #: HKU568-PDF-ENG
Tokyo Disneyland and DisneySea Park: Corporate Governance and differences in capital budgeting concepts and methods between American and Japanese companies HBR case solution

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