Walt Disney Company Essay - 2641 Words

Disney Corporation The Walt Disney Company started as a small entertainment company in 1923 (Disney.com, 2011). Since that time the company has used various strategies enabling them to grow into a global entertainment company. Strategy The Walt Disney Company is known throughout the world as a leader in entertainment. The strategies that the Walt Disney Company have used include competitive advantage, a growth strategy, and a renewal strategy. When a person mentions a theme park, Disney is the first park that comes to mind. They were not the first theme park, but they have mastered the art of creating memories for adults and children alike. As a former employee of Disney I can vouch for the amount of effort that goes into†¦show more content†¦Under his leadership the company went from two theme parks to nine located throughout the world. Disney now consists of the Magic Kingdom, Disneyland, California Adventure, Animal Kingdom, Epcot, Disney Studios, Euro Disney, Tokyo Disney, and Hong Kong Disneyland. In addition to the theme parks Walt Disney has acquired several companies to increase their television and movie presence. Some recent examples include the acquisition of Pixar Entertainment, Marvel Comics, and the ABC television networks (Goldman, 2009). Eisner is also credited with the creation of the Walt Disney Cruise Line that is made up of four ships; the Wonder, Magic, Dream, and Fantasy (Disneycruise.com, 2011). Disney.com said Making dreams come true every day is central to our global growth strategy (2011, p.2). The third strategy that Walt Disney Company utilized was a renewal strategy. After Walt Disney died the company lost its direction. They hadnt made a successful movie in years, the theme parks were suffering from little growth, and the attendance had not increased in several years. In 1984 Disney was underperforming and was fighting off takeover bids. Roy Disney, Walts brother, recruited Michael Eisner to save the company. The end result was that Eisner took the company from a 1.3 billion dollar company to a 30 billion dollar company (ABCnews.com, 2011). He accomplished this by renewing the companys focus on entertainment. Under hisShow MoreRelate dWalt Disney Company1730 Words   |  7 PagesThe Walt Disney Company is a diversified international family entertainment and media enterprise business. They have five business segments which are media network, parks and resorts, studio entertainment, consumer products and interactive media. Disney Media Network consists of broadcast, cable, radio, publishing and digital businesses within the Disney/ABC Television Group and ESPN, Inc. Walt Disney Parks and Resorts is comprised of family oriented parks and resorts all around the world. TheyRead MoreWalt Disney And The Disney Company Essay1236 Words   |  5 Pages1923 by animator Walt Disney and Roy O. Disney, the Walt Disney Company is an â€Å"American diversified multinational mass media and entertainment conglomerate†; whose media companies include the Disney Channel, ABC, ESPN, and AE. Furthermore, they receive revenue from their various theme parks and resorts located around the world, the sale of merchandise related to their various media projects, and their mergers and acquisitions. Notably with Pixar, Marvel, and LucasFilm Ltd. Walt Disney is currently ledRead MoreThe Walt Disney Company1001 Words   |  5 PagesThe Walt Disney Company Jessica Weber Communications for Accountants / COM/530 September 13, 2010 Deborah Elver, MBA, CPA The Walt Disney Company Walt Disney founded the Walt Disney Company in the late 1920s in order to provide families across America and around the world with quality entertainment for every member in the family. Disney created entertainment for families in several different ways. The first being their television programs, which include animated and live moviesRead MoreWalt Disney Company1069 Words   |  5 PagesThe Walt Disney Company if there was an authoritarian leader it would affect group communication immensely because the employees need to be creative and because authoritarian leaders â€Å"make decisions, give the orders, and generally control all activities† (Beebe Masterson, 2009, P. 290) this does not allow creative communication. When a leader dictates techniques to a group it does not allow constructive communication, and ideal sharing, and this would not be good for The Walt Disney Company. InRead MoreThe Walt Disney Company642 Words   |  3 Pagesentertainment and media, Disney has also been able to remain profitable for so long due to the company’s various strategies used to create value through diversification, expansion, and integration. Throughout Disney’s history, the company was always operated by key businesspeople that had a goal of maintaining the brand and remaining profitable as the largest multinational entertainment conglomerate in the world. Additionally, Walt and Roy Disney set the stage for future leaders of the company to achieve successRead MoreWalt Disney Company.857 Words   |  4 PagesWalt Disney Company is famed for its creativity, strong global brand, and uncanny ability to take service and experience businesses to higher levels. In the early 1990s, then-CEO Michael Eisner looked to the fast-food industry as a way to draw additional attention to the Disney presence outside of its theme parks - its retail chain was highly successful and growing rapidly. A fast-food restaurant made sense from Eisner’s perspective since Disney’s theme parks had already mastered rapid, high-volumeRead MoreThe Walt Disney Company4305 Words   |  18 PagesThe Walt Disney Company; A Dream and a Mouse Abstract Throughout its history, the Walt Disney Company has seen both struggle and success. Today the company continues to expand both globally and within its current business segments with new projects and acquisitions. In a struggling economy that has lent to the fall of other major companies, the importance of realistic and useful information is necessary to estimate the current and future financial stability for a company’s investorsRead MoreThe Walt Disney Company1449 Words   |  6 Pageshis own brand of architecture that he could peddle to the masses and, after time, his corporate investors. The Walt Disney Company, has since become an empire, and from the help of Michael Eisner during the Disney decade, a brand that cannot be easily avoided. Its presence has sprung up world-wide with no indication of slowing. The parks have transformed into a vernacular that can set up shop in any international environment. Unlike the buildings we commonly design today, Disneyland’s have littleRead MoreThe Walt Disney Company Essay2102 Words   |  9 PagesThe Walt Disney Company FIN534: Financial Analysis Heather Kain Strayer University Dr. John Karaffa November 30, 2011 Introduction The Walt Disney Company, along with its subsidiaries, is a diversified entertainment company. Its animation studio, parks, resorts, consumer products and media networks has allowed the Walt Disney Company to remain a staple in the entertainment industry along with its impeccable ability to market to children and adults. Through analysis of the company overviewRead MoreWalt Disney Company954 Words   |  4 PagesWalt Disney Company Angela Pursel University of Phoenix COM 530/ Communications for Accountants Brent Smith March 21, 2011 Walt Disney Company Walt Disney is a well-known name in today’s society. Walt Disney once stated, â€Å"You can dream, create, design and build the most wonderful place in the world but it requires people to make the dream a reality† (Sparks, 2007). Marty Sklar, Vice Chairman and principal creative executive for Walt Disney Imagineering was quoted as saying, â€Å"From

Essay about Antigone by Sophocles - 871 Words

I would not count any enemy of my country as a friend. In the play Antigone, written by Sophocles, Antigone finds herself torn apart between divine law and state law. The play opens up at the end of a war between Eteocles and Polyneices, sons of Oedipus and brothers of Antigone and Ismene. These brothers, fighting for control of Thebes, kill each other, making Creon king of Thebes. Creon, as king, gives an important speech to the citizens of Thebes, announcing that Eteocles, who defended Thebes, will receive a proper burial, unlike his brother Polyneices, who brought a foreign army against Thebes. This speech introduces the major conflict of divine law versus state law. Furthermore, Creon cherishes order and loyalty above all else.†¦show more content†¦It is evident, through this argument, that there is dramatic foil between Ismene and Antigone. Ismene is a typical woman of the Greeks society, accepting male dominance. She believes that a man can do as he pleases, an d a woman must not get in the way of his wishes. Antigone, on the other hand, not only speaks her mind, but acts on her beliefs as well. In the end, she makes up her own rules and assumes full responsibility for her actions. Although Creon has stated that the traitor Polyneices must not be given proper burial, Antigone is the only one who speaks against this decree and insists on the sacredness of family. Whereas Antigone sees no validity in a law that disregards the duty family members owe one another, Creons point of view it the total opposite. Antigone calls attention to the difference between the divine law and human law. She doubts Creons authority. Creon represents the power of human law and of the human need for an orderly, stable society. Between Antigone and Creon there is no compromise. They both find absolute truth in the beliefs they stand up for. Antigone admits right from the start that she wants to carry out the burial because it is a glorious action. Creons pride is that of a tyrant, failing to take advice. They both suffer from pride, which causes them toShow MoreRelatedAntigone By Sophocles Antigone1478 Words   |  6 PagesThroughout Antigone, Antigone is a presented as a st rong woman who is both dedicated to her family and her community. That said, there is much conflict between these two dedications. In this paper, I will give examples of Antigone’s different individual responsibilities and her philosophies and explain how those conflict with the commitment that she is to have to her community and indirectly, her king. Ultimately, I will argue that Sophocles demonstrated his values of family, the way of the godsRead MoreSophocles Antigone By Sophocles Essay1869 Words   |  8 PagesIn Sophocles’ play Antigone, two brothers, Eteocles and Polynices fight for the thrown of Thebes. The war comes to an end when both brothers die fighting for the honor, and their uncle Creon becomes the king of Thebes. Upon his coronation, Creon issues a decree that Eteocles, the former king of Thebes, will be honored with a traditional military burial, while his brother Polynices will be â€Å"left unwept, unburied, a lovely treasure for birds that scan t he field and feast to their heart’s content† (SophoclesRead MoreSophocles Antigone By Sophocles1892 Words   |  8 PagesAntigone †¢ Title: Antigone by Sophocles †¢ Genre: Play; Tragic drama †¢ Historical context: Written circa, 442 B.C.E. in Athens Greece. Performed circa, 441 B.C.A. Its literary period was classical. While Antigone was the first written of Sophocles’ three Theban plays, it was the last of the trilogy. It was performed during a time of national unrest. Sophocles was appointed to serve as a general in a military crusade against Samos. The significance of the historical events during that timeRead MoreSophocles Antigone By Sophocles1495 Words   |  6 PagesAs one of the most famous tragedies ever written, Antigone, by the Greek playwright Sophocles, has received much notoriety as well as much speculation. Set in the city of Thebes after a devastating civil war between the brothers Polyneices and Eteocles, the play begins after the brothers’ deadly struggle for the throne. Polyneices and Eteocles have already caused the undue deaths of one another, and without another man in their immediate family available, their uncle Creon trav els to Thebes to seizeRead MoreAntigone By Sophocles Antigone912 Words   |  4 PagesIn Sophocles, â€Å"Antigone† begins with the stages of grief as Antigone mourns the loss of her two brothers, Polyneikes and Eteokles, who die simultaneously in face-to-face combat in Thebes. Eteokles dies with honor fighting for the Thebesians and is honored with rituals and a proper burial. The body of Polyneikes, who attempted to burn the city of Thebes, is left for the dogs and birds to savage. Thesbesian’s law forbids anyone giving a traitor, like Polyneikes, a proper burial, for that itself isRead MoreSophocles Antigone By Sophocles964 Words   |  4 PagesIn â€Å"Antigone† by Sophocles, a famous ancient Greek tragedian, the main character, Antigone, demonstrates a prohibited action in a strict, male-dominated society. Greek civilization upheld strong values and rules that were designed to enforce orderly behavior among its people. There were state laws created by the King, Creon, and divine laws created by the Gods. Divine law was superior to the king laws, and if that rule was disrupted, eternal consequences could ruin an individual. In this societyRead MoreAntigone by Sophocles1059 Words   |  5 Pages In the book Antigone, Creon and Antigone can be considered as the tragic heroes of the play. Antigone is considered the tragic hero because of the characteristics she shows such as her ambition to defeat Creon, Creon shows more of the characteristics clearly. Creon is the king of Thebes. He is also Antigones uncle. Creon became king after a fight between Eteocles and Polyneices. One may see Creon as a harsh and controlling ruler, but he is not good nor bad because he shows signs of both like whenRead MoreSophocles Antigone By Sophocles967 Words   |  4 PagesTragedy in Antigone Antigone is one of the greatest Greek tragic plays by Sophocles. The play portrays two main characters, Antigone and Creon, who undergo tragedy in the play. Various arguments have been put forth regarding who amongst the two characters is the actual tragic hero in Sophocles’ Antigone. A number of people are for the idea that Creon qualifies since he does possess the real characteristics of what tragedy is all about, while numerous others believe that Antigone is the actual heroRead MoreAntigone, by Sophocles1997 Words   |  8 PagesThe death of Antigone is truly a tragic episode in the Theban Plays, where she hung herself with a woven linen of her dress. By convention, her death would be characterized with feminine quality. However, Antigone, one of the few female characters in the book, possessed distinguishable female characteristics that are as remarkable as a male hero. Antigone was determined when she made up her mind to bury her brother. She was an agent of her words a nd took up the risks that accompanied to her deedsRead MoreAntigone By Sophocles Antigone1525 Words   |  7 Pagesneglect nothing that the gods demand† (1349-1350). Sophocles’ Antigone takes place in a trying time for the city of Thebes, when Oedipus, their king, and most of the royal family have died, and Creon has just been appointed the new king. Throughout the play, Creon tries on his power as the new ruler, and seems to believe that the gods will not be angry with some of his choices as king, even though they directly violate the divine law. However, in Antigone, when there is a conflict between the divine law

Logistics and Supply Chain Management Manufacturing Company

Question: Discuss about the Logistics and Supply Chain Management for Manufacturing Company. Answer: Introduction Transportation is a very vital aspect of any manufacturing company. There are many companies which are totally dependent on the transportation service for get going. So, the importance and vitality of the logistic company increases due to this purpose. A manufacturing company should be equally conscious and responsible while carrying out any clients job as a lot rides upon him. Abbott is the leading nutritional manufacturing company in Asia, since its inception in 1970 it has come across many a miles. It is one such company which has used technology to its fullest. This logistic company does have many mobile and desktop based apps which help in coordination between its huge base of customers and its various logistic vehicles which vary from motorbikes, trucks and vans. Abbott has revolutionized technology at its best in this field. It does have GPS vehicle tracking, instant order matching, driver rating and also at the same time help the drivers get more and more opportunity of work. All these innovations did not only help Abbott to set its foot hold in the business but it has shown the way how these business can be conducted and be fruitful at the level best. Due to all these technology and customer servicing and as well as looking after the fellow workers, the manufacturing business was never so faster, easier or safer before. Incoterms selection consideration Purpose of Incoterms Almost all global companies that operate on a large scale need to enter into certain contracts that provide them with the rights to operate their trade. In this case, the trade is to buy and sell goods. While entering into such a contract, they are free to negotiate their terms and conditions. The terms are the quantity, price and specific characteristics of the goods. These contracts contain a section technically known as international commercial terms or incoterms. The incoterms provide the companies with the ability to select the parties that are to provide the various services for the supply and delivery of the goods. Criteria for selection of Incoterms To be a good manufacturing company the transportation strategy should have an effective part in the supply chain management which Abbott actually has in its management system(Bloomberg, LeMay, Hanna, 2002). Abbott does not go after downing the rates but it is a strong believer that a company should be good responder to the dynamics of the business. Abbott looks after the customer requirements, its supply chain management involves effective movement of product from its manufacturers to the customers or owners. Its service and time aspect plays a vital role in its operations(Burt, Starling, Dobler, 2003). They make sure that their shipment reaches on time and also by the carrier preferred by the customer. The transportation program of Abbott gives it a competitive advantage over all its competitors. The carrier selection of Abbott is of top notch and it makes sure that carrier relationship is right. The volumes in general create a forwarder attention(Chopra Meindl, 2007). The carrier attention does attract interests to the business but Abbott makes sure that its business is not divided among many carriers thus creating a good supply chain responsive program. A transportation strategy, to be effective in supply chain management, is not playing one carrier off against another. It is not beating down rates. Rather it is a way to respond to the dynamics of your business, its customers, suppliers and operation. The strategy, regardless of whether you are involved with domestic or international, is much more and should recognize Measuring/benchmarking. To know how well the system and its bearers are performing. This takes two systems. One is measuring. Measuring proposes looking at execution versus rules. What is the real development to client execution, on a full scale reason, transporter and client by client premise? A full scale measure can cover an issue paying little regard to the way that the general measure is magnificent (Hugos, 2011). Additionally, store framework association, Lalamove is concentrating on every client and development zone he has. It ought to gage the expenses to ensure they are controlled. Where the customer is spending vehicle dollars and how well? Payload cost information tied with courses of action and sending information makes an amazing information base for orchestrating and overseeing costs. It offers information to trades, creating unimaginable burden costs for courses of action and bookkeeping, for studies and unmistakable purposes. Benchmarking recommends recognizing what p articular affiliations do- - the best practices. All the time benchmarking is not finished with a relationship in your industry. Contenders are not at danger to share data. Also, best practices are not the restrictive of one industry or affiliation. Regulatory impact. Administrative changes can change, in any case, the firms method. The late destruction of the Interstate Commerce Commission wiped out a security net for shippers, particularly for little shippers (Kim, 2005). Shippers now need to work with bearers with whom they can make authoritative affiliations which mirror the new transport world as to risk, load class, rate changes, accessorial and different necessities. Potential administrative changes with the Federal Maritime Commission can additionally change your system. For example, if there is genuine oceanic deregulation, then steamship line get-togethers will lose their antitrust security with setting rates and most extreme. Shippers won't bargain through or with get-togethers. On the other hand possibly they will bargain direct with steamship lines for association contracts and unmistakable needs. Carrier mergers and affiliations and closings. This is a fundamental and troublesome issue. In the fifteen years or so since engine bearer deregulation, there have been indispensable changes. Different bearers left business. Others changed their center from truckload to LTL. New truckload transporters showed up (Mentzer, 2001). Sea has its issues. Massive steamship lines in the trans-Pacific and trans-Atlantic exchange framed affiliations. Immediately with the late merger of PO and Nedlloyd, mergers are starting to happen. Lalamove have separated what is occurring inside every mode and adjust your structure to bearers who will at present be sensible in five years. A stunning system with a transporter who is normal control or lets business is well enough alone for the blue not a not all that awful method. Immediately there is need to make one with another transport, and that requires some certified essentialness. Flexibility change is occurring. It is not an issue of paying little regard to whether it happens. The essential solicitation is the path by which rapidly it happens. New client, new things, new affiliations, new suppliers, and new corporate supplement. Each of these can basically change the system. Witness that change will. Keep an open ear and brain to different modes and bearers. Carrier selection criteria The selection of a carrier is generally done on the basis of cost effectiveness and speed of transit. Among these two, the speed of transit is given the prime importance while selecting the carrier. Abbott is conscious of the fact that it is one of the most sought after companies by the customers primarily because of the speed of delivery that it provides. It is considered to be one of the most preferred companies because it has time and again proved its capacity to deliver its services on time with a very high efficiency rate(Monczka, Trent, Handfield, 2002). Manufacturing management needs the carrier selection criteria to be enforced with a high level of parameters. Manufacturing relies on supplying the right product at the right place at the right time in the right condition for the right cost to those customers consuming the products. Manufacturing is all about creating value through the factors of time and place. In such a case, the activities need to be coordinated in order to add value. Also, since international trade is on the rise, the manufacturing department is faced with ever increasing challenges along with the various opportunities it brings. This is because; the manufacturing need to operate on a much larger scale than it had to earlier. However, it also needs to be kept in mind that manufacturing deals with the choices and preferences of individual customers as well(Rushton, Croucher, Baker, 2010). In such a case, the choice of a carrier becomes all the more important in this regard. In the current scenario, the transport options consist of railways, roadways, airways and waterways. However, we see that the waterways are the most preferred mode of transport owing to the cost efficiency associated with it. Abbott has also utilized this mode to deliver a huge amount of services all around its operational sphere. However, the problem has not arisen because the company has always been ahead of their deadlines. The work culture has been maintained a s such that the services have always been completed ahead of time(StadtlerKilger, 2008). However, it must be noted that Abbott does not have much restrain regarding funds. So as such, the primary criteria for selection of a carrier depend on the efficiency of the carrier. In the case of normal deliveries, there is not much of a problem as the time and schedule is known beforehand and optimization is possible in such cases. However, recent times have seen a rise in the number of emergency services. In such a case, there is a need for a more reliable carrier who delivers the work on time. The criteria for a carrier selection are thus dependent on the speed and efficiency of the carrier(Supply chain management process standards, 2009). In such a case, Abbott needs to employ carriers who have an established standing in the industry for a long time and are well known for providing their services. The selection of Incoterms can be understood through the analysis of another company, Driscoll, a leading fruit supplier of the United States. In this case, it needs to be noticed that fruits are a perishable product and need to be handled with extreme speed and caution. The slightest mistake would result in massive losses for the concerned company. The selection of the service provider can thus be one which would provide the necessary measures for the delivery of fruits. It is because of this reason, that Driscoll utilizes trucks that have refrigeration system in their carriers. The refrigerated trucks are extremely important as the company operates on a large landscape and as such, need to deliver products that are produced in one region in another. The company also utilizes airways carriers which provide the company with the essential time limit that is needed to deliver the fruits in a fresh manner. The carrier criteria also depend on the availability of refrigerated containers t hat would keep the products fresh until delivery. Carrier Relationship Management Carrier relationship is one of the prime factors for the survival of any manufacturing company. The carrier relationship team, as such, must possess a strong network that successfully executes the various aspects of carrier relationship. Without the carriers, there would be no means as to provide the services to the various customers(VollmersVollmers, 2010). In such a case, there needs to be good professional as well as personal relations with the carriers. Since Abbott utilizes top notch carriers in the various processes, the carriers are at the heart of their successful supply chain. The carriers also need to be made aware of their value in the organization in a manner that they are eager to prove their worth time and again. The carriers also use their expertise and skills to solve the various customer problems. To attain such a balanced coordination with the carriers, there is a need to include them in the various processes and schemes of the host organization(Wang, 2011). The und erlying factor in all these is that the carriers need to know that the organization values their services and lays importance on the functions that they perform. The entire system runs on a framework of trust and the carriers perform all that they can do to uphold those aspects. In such a case, the organization needs to follow certain steps in order to make sure that the carriers are devoted to their jobs. First and foremost, the organization needs to negotiate rates and schedules in good faith. The next step is to work together in conjunction with the carriers in order to identify and implement time- and cost-saving innovations. The organizations need to share technology and data in ways that help your carriers improve their service overall and, as a result, help them improve their own business strategies and become even more competitive. The competitive spirit helps the carriers grow to the level where they are almost flawless in the delivery of their services(Xu, 2011). Finally, the most important step for any organization is to work hand-in-hand with each carrier to ensure outstanding service, on-time payment and satisfaction at all levels: shipper, carrier, provider, worker, and customer. The resulting outcome of these methods are more than likely to work as towards the companys overall growth. This is because customer satisfaction is one of the prime factors in this situation. Conclusion Manufacturing is one of the most important functions in the world. It has always been the most important sector in business. The manufacturing is concerned with creating value to its customers but it also takes into account the various factors that are necessary for maintaining the quality of the services delivered. In such a case, the manufacturing companies need to employ carriers who are efficient and dedicated towards their jobs. The carriers also need to possess good working relation with the concerned organization. In such a case, the carriers are more encouraged to work for the betterment of the company in a manner that it benefits both the companys as well as the carriers reputation. References Bloomberg, D., LeMay, S., Hanna, J. (2002).Manufacturing. Upper Saddle River, N.J.: Prentice Hall. Burt, D., Starling, S., Dobler, D. (2003).World class supply management. Boston: McGraw-Hill/Irwin. Chopra, S. Meindl, P. (2007).Supply chain management. Upper Saddle River, N.J.: Pearson Prentice Hall. Hugos, M. (2011).Essentials of supply chain management. Hoboken, N.J.: Wiley. Kim, B. (2005).Supply chain management. Singapore: John Wiley Sons (Asia). Mentzer, J. (2001).Supply chain management. Thousand Oaks, Calif.: Sage Publications. Monczka, R., Trent, R., Handfield, R. (2002).Purchasing and supply chain management. Cincinnati, Ohio: South-Western College Pub. Rushton, A., Croucher, P., Baker, P. (2010).The handbook of manufacturing distribution management. London: Kogan Page. Stadtler, H. Kilger, C. (2008).Supply chain management and advanced planning. Berlin: Springer. Supply chain management process standards. (2009). Lombard, Illinois. Vollmers, C. Vollmers, S. (2010).Manufacturing. Troisdorf: Bildungsverl. EINS. Wang, G. (2011). Supply Chain Integration Based on Commerce Flow and Manufacturing.Contemporary Manufacturing, 91-97. https://dx.doi.org/10.5503/j.cl.2011.02.015 Xu, X. (2011). Quality Control and Management of Plum in Cold Chain Manufacturing.Contemporary Manufacturing, 28-31. https://dx.doi.org/10.5503/j.cl.2011.03.005

Motivation Essays (1341 words) - Climate Change,

Motivation The need for action is pressing in order to feed the expanding human population, expected to increase by almost one billion people per decade for the next three decades at least. Much of this increase will occur in developing countries in the low-latitude regions of the world. To meet the associated food demand, crop yields will need to increase, consistently, by over 2% every year through this period. Most research on agriculture and climate change has focused on potential impacts on regional and global food production, yet few studies have considered how global warming may affect food security. Food security has been defined as access by all people at all times to enough food for an active, healthy life. (World Bank, 1986). The World Food Summit, convened in 1996 by the Food and Agriculture Organization of the United Nations in Rome, highlighted the basic right of all people to an adequate diet and the need for concerted action among all countries to achieve this goal in a sustainable manner (FAO, 1996). The overall world production changes mask a disparity in response to climate change between developed and developing countries. The largest negative changes are predicted to take place in developing regions, although the extent of decreased production varies greatly from country to country, depending on the specific nature and degree of the local change in climate. The welfare effects of climate change on individual countries will not only depend upon changes in domestic yields, but also on changes in world prices, and the country's relative strength as an exporter and importer. Cereal-price increases resulting from climate-induced reductions in yield are estimated to range between 24 and 145%. The combination of production declines in developing countries and increases in prices due to climate change would increase the number of people at risk of hunger. Furthermore, the results show that adaptation strategies do little to reduce these disparate effects. This is due to the fact that developed countries have many more resources to utilize in adaptation strategies than do developing countries. Globally, both minor and major levels of adaptation can help restore world production levels (especially when CO2 physiological effects are included), compared to climate change scenarios with no adaptation. Low level adaptation largely offsets the negative climate change effects on yields in developed countries, thus improving their comparative advantage in world markets. However, developing countries are predicted to benefit little from this level of adaptation, and may experience a negative change of -9% to -12% in cereal production. More intensive adaptation may effectively eliminate the overall global reduction of cereal yields. Whereas under low adaptation cereal price increases range from 10 to almost 100%, under more intensive adaptation the compounding price responses range from a decline of 5% to an increase of 35%. Not only do preliminary analyses of direct effects of global warming indicate greater adverse effects in poor countries, but these same countries are less able to achieve the changes required for adapting. Less developed countries also tend to have less developed capital markets, with access for farmers being a pervasive and chronic problem for many. High interest rates are common even where loans for the agricultural sector can be obtained. If the needed adjustments require investment, these factors will slow or eliminate farmers' ability to adapt. Alternative assumption -lowering of trade barriers, low economic growth, and low population growth- were tested both in the absence and in the presence of climate change. Without climate change, the combination of full trade liberalization and low population growth would have beneficial effects on the world food system, whereas the effects of low economic growth would be detrimental. With climate change, the beneficial effects of full trade liberalization and low population growth would be equal to or even exceed the otherwise adverse effects of climate change. Therefore, there may be much to be gained from altering the conditions of trade and development as a strategy for helping to mitigate potentially negative climate change impacts. In the absence of such measures, cereal production would tend to diminish, particularly in the developing world, while prices and population at risk of hunger would increase due to climate change. The unequal distributional aspects of climate change are