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Business Competition and Innovation Summary

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Business Competition and Innovation Summary

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Questions and Answers

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

Working on a new animation technology

Reviewing financial documents for his company

Planning the development of Disney World in Florida (correct)

Meeting with his creative team to discuss new projects

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

Investing more in developing company capabilities (correct)

Ignoring the talent within the company

Paying himself the highest salary in the industry

Focusing on increasing profit margins at any cost

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

Implementing strict performance evaluations

Establishing art classes for all animators (correct)

Installing a bowling alley on location

Organizing company-wide picnics

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

Storyboards Signup and view all the answers

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 Signup and view all the answers

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

'You Create Happiness' training programs Signup and view all the answers

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

Walt Disney Signup and view all the answers

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

Offering no development opportunities to employees Signup and view all the answers

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

Paying creative staff more than himself Signup and view all the answers

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

Installed a small zoo on location Signup and view all the answers