April 27, 2016

5 entrepreneurial traits in entrepreneur – Walt Disney



Team Oriented
Team oriented is where you include others in making decision rather than just think about yourself. Everyone has a contributing factor in the company and decisions that concern the business or venture. No one is more superior in the business and everybody has an equal say without any repercussions.
       The team oriented features can be seen in Walt Elias Disney. As everyone may know, he not just a film maker, animator and voice actor US citizen. He also is a founder of Walt Disney Production and Disney is known all over the world. Disney is known especially as a film and entertainment brilliant entrepreneurs. He and his staff have produced a large number of famous fictional characters including Mickey Mouse, a character who voiced by Disney himself as the original voice.
       Walt Elias Disney work in group even to commercialize The Walt Disney Company, he has use four concepts namely employment indicators ‘Dream, Believe, Dare and Do’. These concepts have been the basics of many principles for the management team of the company. One of the principles of management is ‘All for One and One for All’, this shows the importance of teamwork and employee empowerment in order to foster a loyal, enthusiastic and committed.
       Walt Disney has allocated the same job for their employees to ensure that every guest who comes to Disneyland experience truly enjoyable and memorable. Walt Disney love to dream and shared his dreams with his employees. He has urged his employees to carry out the dream. He emphasizes teamwork as he felt anything accomplished is the result of a group effort.
Failure is an option
       Today Disney raises in billions from movies, merchandise and the theme parks around whole the world. But Walt Disney had a bit of a rough start, he was fired by a newspaper editor because the editor said that Walt was lack of imagination and had no good ideas. After that, Walt Disney started a number of businesses that didn’t last too long and ended. But Walt kept plugging along, however he finally found a recipe for success that worked today known as Disney.
Walter Elias Disney never wasted a second to contemplate why others knocked him down, or why he failed so miserably. Instead of contemplating the past, he always looked forward, envisioning for a better future. When Walt got stepped on, he just simply let go. When he fell, he had just get back up. He would modestly move on from the failure and start over, even if it meant rebuilding from the ground up. Walt Disney failed and was turned down three hundred and two times before financing and creating the theme park – Disney Land.

Walt founded Laugh-O-Gram Studios in Missouri in year 1922. He went into the business to create cartoons and with his first large contract for $11,000 to produce a series of cartoons for a company called Pictorial Clubs and followed later by a contract to do a cartoon about tooth hygiene for a local dentist. He used every penny made to produce the cartoons, living in his studio, and scrounging food on credit from the restaurant next store. One year later, Walt’s studio went to bankrupt but he had options. His father owned a business and offered Walt a job, but he didn’t take it. Instead, Walt took his failure with a grain of salt. The only property he owned in 1923 was just a camera. He sold it and moved to Hollywood to follow a dream of making motion pictures and eventually started his company today known as Disney.

Observant
Walt Disney is an observant, as he was inspired to build a theme park which gave him a more success in his life.
One day, when Walt Disney was sitting on a bench at an amusement park, watching his daughters play, he noticed how dirty the small amusement park was. He also observed people’s reactions to different rides, and noticed how children’s parents were bored. They would be anxious want to go home, while their children were still playing and having fun.
This is where Walt was conjuring and starts planning a new type of amusement park, a park that would be clean and would have attractions for those parents and children together. This was Walt Disney’s idea, which eventually turned to be Disneyland.


At the years before Disneyland was constructed, Walt was thinking and generating everything in his mind. He traveled the United States, and visited buildings of Americas most well known inventors and creators, such as Thomas Edison’s Workshop, the Wright Brothers Bicycle shop, and the home of the Dictionary magnate Noah Webster. While visiting these places, he was formulating and dreaming of a “Mickey Mouse Park” with a western village, Main Street, and more, these ideas would eventually form Disneyland.
Walt often visited to Disneyland a few times a week, and many times he would visit late at night, when no one was there. He often spent the night in his apartment in the fire station, on Main Street. When he came before the park opened, he would make sure the park was clean, and talk with the cast members.
Walt always wanted to know everything that was going on in the park. He knew about everything. He knew where water pipes were, how tall buildings were, and he knew how the park ticked.
One time when he visited the park, he noticed things were a little sloppy. He found the maintenance engineer of the park, and told him “I want this place painted”. The engineer agreed, then said “We’ll do it over the weekend.” “No, I want it finished a painted by morning,” ordered Walt. By that, dozens of painting crews were painting through the night, and finished before the park opened.

Visionary
Visionary means the person who can think or plan the future with creative and wisdom, able to imagine how something will develop in future and a good seer for opportunities
Walt Disney’s success can be said to a big story in the history of the Hollywood film. He was attracted by animation’s potential for future development when he worked as creating advertisements for magazines and local movie theater. When the movie was still black and white, silent stage, he began to pursue a career in commercial art. Walt started a small company called Laugh-O-Grams, which eventually fell bankrupt in 1923. He produced a series of live-action and animated cartoon, Alice Wonderland, a black and white silent movie and a series of small joy, Laugh-O-Grams, which was same name with his company.
At the same year, 1923, Walt formed Disney Brothers Studio with his brother Roy. After producing various short, animated cartoons, the studio started making a series in 1927 about a character named Oswald the Lucky Rabbit. However, the next year, Walt lost the rights to the lucky rabbit. In that event, Walt tasted the taste of betrayal and Oswald was the pain forever in his heart. After that experience, he learned a lesson which is, he must had the copyright in a film himself.

In response, he developed a new character, Mickey Mouse.

Mickey Mouse made his official debut in 1928 short film tittle “Steamboat Willie”, one of the first cartoon ever to use the synchronized sound effects and became the first sound film in the history of cartoons. Because of the success, he planned to produce an animated feature-length version. However, he faced many problems in production process, people did not believe anyone would go to a one hour animated movies, even the media also said that was “Disney folly”. He continued his production and at the end the “Snow White and the Seven Dwarfs” officially launched in Hollywood. Snow White successfully opened a new page in the history of animation, from the cartoon was no longer just a cartoon, and became animated.
1932, Walt won the Academy Award, “Flowers and Trees”, the first colourful and provide sounds cartoon. Following this, he keeps launched the “Pinocchio,” “Three Little Pigs,” “Bambi” and a lot of excellent cartoons. In Walt’s later years, he focused on planning for a new theme park and in 1955 Disneyland was created, which was the world first theme park.
Walt has been advancing toward his dreams, along the way, he experienced failure, was hit, being ridiculed and discouraged, but he did not give up. And now, he was success. He became one of the world’s famous filmmakers, directors, playwrights, voice actors and animators. Walt brave to pursue his dreams, his excellent insight and a keen eye for business made him a well-known entrepreneur. So far still get the most Oscars people in the world. A visionary, Walt is an inspiration to an entire generation.

Open Risk Taker
In July 1923, Walt sold his camera and, with the little money he had, moved to Hollywood. He had decided he wanted to be in the motion picture business instead and envisioned himself as a director. He moved in with his uncle Robert Disney and set out to look for a job. Every studio in town turned him down. As a last resort Walt returned reluctantly to animation. He had sent his unfinished project Alice’s Wonderland starring child actress Virginia Davis to Margaret Winkler in New York. When the distributer offered him a deal, Walt asked his brother Roy and best friend Iwerks to join him, and together they began the Disney Brothers’ Studio. It was at this studio where a young woman named Lillian Bounds was employed and met Walt. After a year of dating, the two married.
The series, renamed Alice Comedies, was successful in 1926 but the company decided the series had run its course. Margaret Winkler had married Charles Mintz who took over the company and wanted a new animated series. This came with Oswald the Lucky Rabbit, and was an instant hit. It was distributed by Universal – the first major company to distribute one of Disney’s cartoons. The rabbit was drawn and created by Iwerks. It was so successful that it was shown in major theatres around the country with first–run films. In February 1928 the contract for Oswald was up for renewal and Walt boarded a train to New York to strike a deal. Mintz had other plans for Oswald. He decided he no longer needed Walt, and by hiring Walt’s staff could produce the cartoon himself. As distributer, he had the rights to do what he liked with the cartoon. Walt was devastated. He decided then and there that he would now only work on characters to which he owned the rights. On the train ride home from New York, Walt knew he desperately needed a brand new idea. He didn’t want to admit he had lost Oswald without another plan. In the back of his mind he had the idea of a mouse – a sympathetic character that had a lot of potential. He called the mouse Mortimer, the name eventually changed to Mickey Mouse thanks to the insistence of his wife.
Although Mickey Mouse was not an overnight success, the introduction of sound changed everything. Mickey first appeared in May 1928 in the unfinished short Plane Crazy. Six–months later he starred in Steamboat Willie with partner Minnie. The short was a parody of Joseph M.Schencks’ blockbuster Steamboat Bill, Jr, and revolutionary for its time as it was the first cartoon to have synchronised sound. Walt had struck a deal with American businessman Pat Powers who would provide all the necessary sound equipment to theatres and distribute the cartoon. The cartoon had live voice–overs, sound–effect people, and an orchestra. Walt had a very unique and specific idea for Mickey’s voice but could not find anyone who could replicate the way he imagined it to be. So it was Walt who voiced Mickey. Walt and his mouse made front–page news, and Mickey had finally overtaken his silent competitor, Felix the Cat.
Intrigued by animation and music, Walt produced a series called Silly Symphony. The first in the series, The Skeleton Dance, became very popular. It consisted of skeletons simply dancing in a graveyard to music. Walt demonstrated you didn’t need a storyline to provide entertainment. In 1932, Walt discovered the new phenomenon of technicolour. He had been working on a project called Flowers and Trees, which was a part of the Silly Symphony series, and to Roy’s bewilderment told him they would reshoot the animation using the new technology. Flowers and Trees went on to become the first–ever cartoon to win an Oscar.


In the following years, Walt took on a new role within the company. He wanted to focus on story development for new projects, and, while giving guidance to his animators, would leave the animation to them. An art–school was set up within the company, and every animator was required to undergo special training in the Disney–style of animation. Then one day in the 1930s Walt called a meeting. Unlike other meetings, he began with the retelling of his favourite childhood fairytale, Snow White and the Seven Dwarfs, spontaneously acting out all the parts. It was this story that the animators with their new training would bring to the silver screen.

From the journey that Walt have been faced, its clearly showed that he is obviously an open risk taker because he tends to behave in a way that can potentially cause physical harm or financial loss but still he puts on his confident and thrived on innovation which at last brings a rewarding outcome and success in his career. 

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