Business Competition and Innovation Summary

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What did Walt Disney spend his last day in the hospital doing?

Planning the development of Disney World in Florida

What differentiated Walt Disney's approach to running his company from Harry Cohn at Columbia?

Investing more in developing company capabilities

In the early 1930s, what initiative did Walt Disney undertake to improve his animators' abilities?

Establishing art classes for all animators

What innovative process did Walt Disney invent for his animation team in the early 1930s?

Storyboards

In the late 1930s, what did Walt Disney do to attract and reward good talent for his company?

Installed the most generous bonus system in the cartoon industry

What employee training programs did Walt Disney institute in the 1950s?

'You Create Happiness' training programs

Who established Disney University to orient, train, and indoctrinate Disney employees?

Walt Disney

What was the main focus of Harry Cohn's approach compared to Walt Disney's?

Offering no development opportunities to employees

What was one significant difference between Walt Disney and Harry Cohn's payment practices?

Paying creative staff more than himself

What initiative did Walt Disney undertake to help improve animators' ability to draw animals?

Installed a small zoo on location

This text discusses the competition between Zenith and Motorola in the business world, highlighting the impact of key individuals on the companies' success and innovation. It reflects on how leadership changes can shape the future of a company and its ability to adapt to new challenges.

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