Business Report

1099 words - 5 pages

Walter Elias “Walt” Disney is the co-founder of the well-known Walt Disney Productions. He was born on December 5, 1901 in Chicago, Illinos. He was one of five children of Elias Disney, and Flora Call Disney Walter attended McKinley High, where he took drawing and photography classes and was a cartoonist for the school paper. In addition, he took courses at the Chicago Art Institute. At the age of 16, he dropped out of school to join the army but was underage, influencing him to join the Red Cross and was sent to France.
When Disney returned from France, he pursued a career as a newspaper artist. Disney worked at the Kansas City Film Ad Company, where he made commercials based on cutout animation. He began experimenting with a camera, doing hand-drawn animation, and decided to open his own animation business. His first cartoon was Laugh-o-Grams, but by 1923 Disney declared bankruptcy. Later, Disney and his brother moved to Hollywood and began the Disney Brothers' Studio. They also invented a character called Oswald the Lucky Rabbit, and in 1925, Walt Disney developed the famous Mickey Mouse character. The same year, he married an ink-and-paint artist Lillian Bound.
In 1929, Disney created Silly Symphonies, which included Mickey Mouse’s friends, featuring Minnie Mouse. Towards the end of 1937, Disney’s first full-length movie Snow White and the Seven Dwarfs, was released and produced $1.499 million, and won a total of eight Oscars. In all, more than 100 features were produced by his studio. In 1939, a new campus for Walt Disney Studios was opened in Burbank. In 1955, Disney’s theme park, Disneyland opened. Walt Disney was awarded 22 Oscars, and four honorary Oscars. In addition to 59 Academy Award Nominations, a minor planet named after him, and numerous more awards. The company is still continuing to carry on the success of Walt Disney productions. They own various amounts of magazines, radio channels, recording studios and much more.
Walt Disney showed a wide range of managerial skills. To start off with, his interpersonal skills were phenomenal. Disney treated all his employees as family and created a friendly environment for staff. He motivated and rewarded all of his employees. He was strongest in his conceptual skills. Walt Disney was very creative and was able to incorporate his artistic ability with his company and decision making skills.
Walt Disney was very creative and innovative. He was very creative and his innovative trait allowed him to advance with new technologies. He was also a risk taker, and learnt by trial and error. He started his own business when he was 20 with only $500, and spent the money all on one film, rather than small projects. Disney strived for excellence. He decided he had to become better and more effective in order to maintain the success. Walt Disney had 4 core concepts, to Dream, to Believe, to Dare and to Do. He also had 10 base management principles that he followed and guiding his company to...

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