Walt Disney

Walter “Walt” Disney was an American Animator who created Mickey Mouse, Disney started out drawing when he was a little boy. He would always draw on his father’s barn and he would always get in trouble by his father Elias. Walt Disney was born on December 5, 1901 in Chicago, Illinois, to his mother Flora Call Disney and his father Elias Disney. Elias was Irish-Canadian and his mother Flora was a German American. Walt was one of the five Children Elias and Flora had. Walt lived most of his Childhood in Marceline, Missouri where he began painting, drawing and selling pictures to his family friends and neighbors.

Overall, depreciation changes resulted in an increase of $3.2 million in net income in 1984.

Walt Disney once said, “It’s not the magic that makes it work, it’s the work that makes the magic.” (Capodagli & Jackson, 2007). Walt Disney was truly a visionary and ethical leader that used his talents as a transformational leader and artist to dream up a world that has stood the test of time for nearly 90 years. In this paper I will explain why he was both a visionary and ethical leader. It will show that he used inspirational motivation and intellectual stimulation to further his clear and easy to follow vision, inspire his personnel, and leverage their creativity. It will also show why I believe Walt Disney fit into the traits of an ethical leader by valuing his team members and creating an environment of mutual trust and respect. Then I will tell you how I have used the same transformational leadership behaviors to lead my people, have made sure not to fall into an ethical trap and take credit for the work others do. All leaders could learn something from Walt’s visionary leadership.

The Entrepreneur I chose was Walter Elias Disney, he was born on December 5, 1901, in Chicago, Illinois. Disney was one of five siblings, he had four brothers and a sister. His father was Elias Disney, he was half Irish and Canadian, his mother was Flora Call Disney, and she was German American. He lived most of his childhood in Marceline, Missouri, where he began drawing, painting and selling pictures to neighbors and family friends.

Transformational Leadership empowers or enables its followers. The leader engages with the follower in a way that both the leader and follower transcend to a higher level of motivation and morality (Nicholls, 1994).

On December 5, 1901, Elias Disney and Flora Call Disney gave birth to a man who would eventually change our world by the creation of a little mouse. Walter Elias Disney, who was also known as “Walt,” was born in a small town in Chicago, Illinois, by a father who was an Irish-Canadian descent, and his mother who was a German- English descent. Walt was one out of five children, four brothers and a sister. Their names were Herbert Arthur Disney, Raymond Arnold Disney, Roy Oliver Disney, and Ruth Flora Disney. Walt was the oldest one out of the five. While he attended school, he was introduced to Walter Pfeiffer, who decided to show Walt vaudeville and the art of making movies. Walt decided to drop out of high school, at the age of sixteen, to join the army. He was rejected to join because he was too young of age. He and a friend decided to join the Red Cross, where Walt was an ambulance driver during World War II. In 1919, Walt moved to Kansas City to begin a career in art, and worked for the newspaper, as a newspaper artist. He met Ubbe Iwerks, and he and Disney soon made their own commercial company called, “Iwerks-Disney Commercial Artists.”

1. Should Disney hedge its yen royalty cash flow? Why or why not? If so, how much should be hedged and over what time period?

The history of how The Walt Disney Company came to be started from a small individual who enjoyed drawing and used art as a way to escape reality, his name was Walt Disney. After the World War 1 ended, Disney went to Kansas City where he later created an animated company that went bankruptcy. Walt Disney moved to Hollywood where he met M.J Winkler a distributor, Disney become part of her production partner. (The Walt Disney Company) In 1927 Disney created a series where the distributor copyright the main character and Disney only made a few hundred dollars, therefore Disney decide to leave and created that same series with a different name which was Mickey Mouse. Disney decided to go with his brother Roy and created Mickey Mouse films. When Disney wanted to put out Steamboat Willie many film producers did not like the film’s idea until Pat Powers decided to release the film in theaters. The film gave Disney enough money to start on other projects which later those project turn out to be such as the amusement parks, merchandise, etc. In December 15, 1966 Walt Disney died from Lung Cancer, Disney’s brother Roy made sure that Disney’s believes and philosophy about the company would still be passed on by the company 's employee. (The Walt Disney Company) The company kept going which has become of the greatest companies that are socially responsible and sustainable.

Walt Disney was born in Chicago on December 5, 1901. Because of the violence in Chicago and because it was hard to make money, in 1906 his father Elias Disney purchased forty-eight acres of farmland in Marceline, Missouri. It was northeast of Kansas city.

77 years later and it is still as emotionally resonant, and artistically beautiful as ever. The feeling was so strange, marveling at the tone and storytelling of The Old Mill. I have never felt more driven than I had in animation. I wanted the Old Mill to stand tall when the storm stood still. The feeling was magical.

Walt Disney is most known for his accomplishment of co-founding one of the best-known motion-picture companies in the world, known as Walt Disney Productions. Although he has been able to pursue many accomplishments throughout his lifetime, the start of his career was not so easy. While in the beginning stages of creating his business, Walt had two individuals, Margaret Winkler and her husband Charles Mintz, were both distributors that decided to invest in the production agency (Biography.com editors). Walt and his brothers took their company to Hollywood and soon came to invent a brand new character, Oswald the Lucky Rabbit. While the cartoon was helping the company get on its feet, Winkler and Mintz stole the rights to the character

With the opening of Tokyo Disneyland in April 1983 and the inflow of yen royalty receipts, the Walt Disney want to increase the assets and decrease debt, they realized they had an opportunity to use the yen royalties from Japan to pay down some of their debt:

Biographical facts: placing emphasis on crucial experiences, episodes, pre-occupations and challenges that created turning points in advancing the subject’s leadership role.

“When you believe in a thing, believe in it all the way, implicitly and unquestionable.”

The Walt Disney Company is a leading diversified international family entertainment and media enterprise. At the same time, Disney also is one of the most famous names in the animation industry for providing entertainment directed to adults and children. Walt Disney was founded by Walter Elias Disney in year 1946. Nowadays, the company almost dominates the whole industry with its international theme parks and a world-class animation studio and business franchise. There are five primary business segments in Disney Company, which are media networks, parks and resorts, studio entertainment, consumer products and interactive media.