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?

<p>Storyboards (D)</p> Signup and view all the answers

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

<p>Installed the most generous bonus system in the cartoon industry (C)</p> Signup and view all the answers

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

<p>'You Create Happiness' training programs (A)</p> Signup and view all the answers

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

<p>Walt Disney (B)</p> Signup and view all the answers

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

<p>Offering no development opportunities to employees (C)</p> Signup and view all the answers

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

<p>Paying creative staff more than himself (C)</p> Signup and view all the answers

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

<p>Installed a small zoo on location (D)</p> Signup and view all the answers

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