Question

Think of an organization that has been in existence for as long as you can remember. A Fortune 500 company for example. Why and how has the company managed to survive all the years despite radical growth in technology, political changes, and economic trials and tribulations? Where does leadership fit into the picture? Using the same organization as a basis, has the organization always operated on an ethical basis in order to remain profitable? Give specific examples to support your stance.

Answer 1

Walt Disney is the company which I can recall that has been in existence for long. The company was established in the year 1923 by Walter Elias Disney. The company was, first of all, started as a commercial animation due to which Walt resigned from his job and started working on the company full time. With the passage of time, the company grew leaps and bounds. The main instrument in the success of Walt Disney was the foresight and interest in making crucial investments in the characters without knowing any potential and ultimately all the characters of the company turned out to be iconic.

Regularly company introduced new characters and it helped the company to grow its business. The success of the business was further boosted by the opening of theme parks, restaurants, and TV serials. As the company is operating in the entertainment segment of the economy, thus it plays a major role in this segment of the economy.

While opening the theme parks, many risks were handled by Disney and it was taken after bankruptcy. Thus not only by pushing but keep motivating for initiating the theme parks, the business became successful in fact the modern animation studio also helped in this regard. This provided comprehensive entertainment experience having theme parks, cruise ships, merchandises and so on.