An Overview Of World Wrestling Entertainment (wwe)

Abstract

The purpose of this research paper is to inform the reader about the differentiate the characteristics, roles, and functions of Management of the World Wrestling Entertainment. World Wrestling Entertainment is owned by founder and CEO Vincent Kennedy McMahon III. World Wrestling Entertainment company is an entertainment company that consist of airing live wrestling events with their talents, and conducting films, merchandising, tours, and other products and services. WWE is an Equal Opportunity Affirmative Action employer and is subject to federal regulations pertaining to employment. WWE does not unlawfully discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, marital status, veteran status, or any other basis prohibited under federal, state or local laws governing non-discrimination in employment in every location in which the Company has facilities. WWE also provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act (ADA) and any other state or local laws.

History

According to wwe.com/history, Mr. McMahon’s purchase of his father’s business in 1982, and ends ... well, there’s really no telling. This timeline is divided into six action-packed sections, with each one detailing the events of a particular era in the company’s history: The ’80s Boom (’82-’85); The Dawn of WrestleMania (’85-’90); The New Generation (’90-’96); The Attitude Era (’96-’01); The Postwar Era (’01-’05) and The Modern Era (’05-Present) In the 1990’s, the WWE utilized the technology proponent when they adopted the use of the internet by creating their website www.wwe.com.

Organizational Structure

According to wwe.com, Vince McMahon, Chairman of the Board & Chief Executive Officer of WWE, Inc. (WWE), is a third-generation promoter who has made WWE into the global phenomenon it is today. George A. Barrios is Co-President of WWE, a publicly traded (NYSE) $6 billion global media company. In this role, George works with Co-President Michelle Wilson to lead the organization and execute the company’s strategy. He serves on the board of directors of WWE, Tout and the national Make-A-Wish foundation. Michelle D. Wilson is Co-President of WWE, a publicly traded (NYSE: WWE) global media company. In addition to co-leading and executing WWE’s day-to-day operations and strategy, Michelle is responsible for all of the company’s revenue lines. She also serves on the company’s Board of Directors. The only threat that WWE’s human resource department has is one with another promotion’s retention’s rate.

Stephanie McMahon is Chief Brand Officer of WWE, a publicly traded (NYSE: WWE) global media company. In this role, she is responsible for WWE’s Brand, Community Relations, and Pop Culture strategy, which includes celebrity integrations and partnerships within the entertainment industry. Stephanie represents the company as its global brand ambassador, and also plays a character who appears regularly on WWE programming.

The WWE utilizes the HR innovator and integrator which is the knowledge and skills that ensure HR practices such as work design, staffing, and compensation are aligned in ways that facilitate organizational success.

Paul “Triple H” Levesque is WWE’s Executive Vice President, Talent, Live Events & Creative. In this role, he oversees the Company’s Talent Relations, Talent Development and Live Events departments. Additionally, Mr. Levesque plays an integral role in the Company’s creative process, helping shape the creative direction and storylines of WWE’s programming. Mr. Levesque is revolutionizing the business with his global recruiting strategy and developmental training processes. In order to create a platform for future success, he established the Company’s state of the art training facility, the WWE Performance Center, which paved the way for the WWE’s third global touring brand, NXT.

Kevin Dunn, a fixture at WWE for more than 20 years, can trace his roots in the television industry to his early childhood. His father, Dennis Dunn, served as Executive Producer of Intermedia Productions, a program producer and syndicator first commissioned by Vince McMahon, Sr. to handle all WWE production beginning in 1972.After learning the ropes of the TV business at his father’s knee and through more formal education at Towson State University, Dunn was hired full-time by Vince McMahon, Jr. in 1984. He functioned as an associate producer of all domestic WWE programming from 1984-1987.During this period, Dunn had the rare opportunity to hone his producing and directing skills on some of the landmark telecasts in wrestling history. He was an integral part of the production team which brought a radical concept called “WrestleMania” from the drawing board to reality. This event not only signaled the dawn of the modern wrestling era, it served as a benchmark for the later development of the entire pay-per-view industry.

Products/Services

According to wwe.com, WWE Network, the first-ever 24/7 direct-to-consumer network, launched live in the U.S. on Monday, February 24, 2014. The award-winning WWE Network features all WWE live pay-per-view events – including WrestleMania® – for $9.99 per month. WWE Network also includes groundbreaking original programming, reality shows, documentaries, classic matches and more than 10,000 hours of video on demand. WWE seems to use population trends to find their demographics and train their employees to do the same. The company utilizes business strategies and human resources strategies for retention and incentives.

WWE is a global entertainment brand much like Hollywood studios creating programming that puts smiles on people’s faces. All WWE programming features TV-PG content and storylines. WWE SmackDown Live has always been rated TV-PG. Other WWE programming gradually transitioned to TV-PG content and storylines, officially being recognized as TV-PG by WWE’s televisions network partners’ standards and practices departments in July 2008.

Relying on WWE’s in-house production capabilities at our technologically advanced, high definition, production facility, we produce five hours of original weekly programming, 52 weeks per year. This programming is distributed domestically, internationally and via WWE.com. Our domestic programs are: “Raw” and “SmackDown Live” on USA Network; and “Total Divas” on E!. WWE’s TV programs reach approximately 11 million total viewers during the average week in the United States.

“Monday Night Raw” is a three-hour primetime program starting at 8pm ET that is broadcast live on USA Network. It is among the most-watched regularly scheduled programs on primetime cable television and anchors USA, helping make it a top-rated network. As part of the agreement with USA Network’s parent company, NBC Universal, “Monday Night Raw” also airs in replays on NBC Universal and Universal HD. “Monday Night Raw” is the longest-running weekly episodic program in the U.S. with more than 1,300 original episodes.

The two-hour “SmackDown Live” airs live on USA Network in primetime at 8pm ET on Tuesdays. With more than 1,000 original episodes, SmackDown Live is the second longest-running weekly episodic program in U.S. primetime TV history, only behind Monday Night Raw (by number of original episodes).

“Total Divas,” a one-hour reality series on E!, returned for its eighth season last fall. Total Bellas premiered its fourth season on E! in January of 2019.

“WWE NXT” airs on WWE Network in more than 180 countries worldwide. “NXT” holds its live tapings at Full Sail University’s state-of-the-art performance venue, Full Sail Live, giving students enrolled in the university’s entertainment-focused degree programs the opportunity to gain real-world experience learning from WWE professionals.

LICENSING – WWE is a worldwide licensing program builds partnerships with companies around the globe to create products featuring our marks and logos, copyrighted works and characters in diverse categories, including toys, video games, apparel, housewares, collectibles, sporting goods, books and more. WWE licensed products, created by our more than 175 licensees in more than 100 categories worldwide, are available at all major retailers, including Walmart, Target, Amazon, GameStop, Walgreens, Barnes & Noble, Hot Topic, ASDA & Smyth’s. WWE is a nearly $1 billion global brand at retail annually.

The stock is currently trading at US$83.43 on the share market, which means it is overvalued by 30.99% compared to my intrinsic value of $63.69. This means that the buying opportunity has probably disappeared for now. In addition to this, it seems like World Wrestling Entertainment’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be

less chances to buy low in the future once it reaches that value. This is because the stock is less volatile than the wider market given its low beta.

Veteran Partnerships

WWE has a long history of supporting our Armed forces because we are extremely grateful for the sacrifices of our nation’s heroes. WWE’s longstanding commitment to the military in the U.S. and abroad includes visiting nearly 400 military installations, entertaining U.S. soldiers through Tribute to the Troops annual holiday special, offering all U.S. military personnel free tickets to all its Live Events in the United States and partnering with military organizations, such as Hire Heroes USA to provide workforce assistance through personalized employment training, career panels and networking events.

Hire Heroes

WWE’s partnership with Hire Heroes USA is focused on creating job opportunities for military veterans and their spouses through personalized employment training, career workshops and panels hosted by WWE and public awareness campaigns during Memorial Day, Veterans Day and WWE’s Tribute to the Troops.

Internships

WWE constantly recruit college students looking for real-life work experience and want their recruits to explore an opportunity with WWE, an integrated media organization and recognized leader in global entertainment. The company uses the change champion method for new innovative careers in their social media platform. The company continues to utilize labor force trends, equal employment trends, education and training trends, and globalization trends to employee their staff and give the company an diverse edge. WWE is seeking highly motivated, proactive college students looking for career experience in a wide variety of majors including Marketing, Journalism, TV Production, International Business, Finance, Communications, Digital Media, Legal, IT, Design and more.

Requirements:

• Able to work in Stamford, CT.
• Must be a college Junior or Senior.
• Available to work a minimum of 20 hours per week.

“My internship with WWE, World Wrestling Entertainment, was one of the best experiences of my life. Both personally and professionally, I learned so much about myself. I was given the opportunity to work for one of the leaders in the entertainment industry and had the chance to witness how the many departments within the company collaborate to produce a finished product. After the internship, I am now confident that I belong in the industry and that I will be successful.' – Joe Baron.

Conclusion

In summary, World Wrestling Entertainment is a successful Fortune 500 company that may be around for another 10 years. The company has had many success and minor setback through the years but continue to strive despite creative issue with their talents. Finally, as an WWE fan, I think the company will be in good hands once Vince McMahon passes the company over to Paul Levesque.

Works Cited

1. Glassdoor:https://www.glassdoor.com/Salary/WWE-Salaries-E5718.htm
2. Human Resource Management 3rd Edition (Linking Strategy to Practice) 2014 Author: Stewart & Brown
3. Macrotrends: https://www.macrotrends.net/stocks/charts/WWE/world-wrestling-entertainment/revenue
4. Simply Wall Street Pty Ltd (AU): https://simplywall.st/stocks/us/media/nyse-wwe/world-wrestling-entertainment/news/at-us83-43-is-it-time-to-put-world-wrestling-entertainment-inc-nysewwe-on-your-watch-list/
5. World Wrestling Entertainment: https://corporate.wwe.com/news/company-news/2019/02-07-2019
6. World Wrestling Entertainment: https://www.wwe.com/classics/history-of-wwe
7. WWE Careers: https://wwecorp.wd5.myworkdayjobs.com/wwecorp