Tokyo Disneyland and the DisneySea Park: Corporate Governance and Differences in Capital Budgeting Concepts and Methods Between American and Japanese Companies Harvard Case Solution & Analysis

In 1997, building on its early success of Tokyo Disneyland, Oriental Land Corporation of Japan and Walt Disney Co discussed the possibility of a new joint project called Tokyo DisneySea Park. Different approaches to capital budgets and different modes of governance led by two companies to evaluate the project in different ways. While globalization of the Japanese economy has advanced at an astonishing rate, management philosophy and methods of capital budgeting are still significantly different between Japanese and U.S. firms. In a joint venture, such differences have important implications for decision-making. Illustrates key divergent practices between Japanese and American firms in corporate governance and finance. "Hide
by Mitsuru Misawa Source: University of Hong Kong, 26 pages. Publication Date: March 23, 2006. Prod. #: HKU568-PDF-ENG

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