Delivering happiness to the kids, but fighting trench wars inside
Pros
Who doesn't like LEGO? The products are awesome, designers building those products are even more awesome. That is one big luck for LEGO. Plus couple of people on top who come up with really good visions, sadly though they are not persistent in pushing them through the lower levels.
Cons
It's all about politics. It doesn't matter how much and how good you work. If you can navigate thick net of politics you get ahead. If not or you are disgusted by it, then there is very few people appreciating your good work. All the senior managers and directors think about KPIs delivering their bonuses. That affects any innovative thinking. After all it's too risky to implement new things if it endangers your bonus. Even if it may prove to be good for the company in the end.