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Make your workplace a magic kingdom: business lessons from Walt Disney.(extra credit)

Business Credit

| May 01, 2009 | Trahan, Kendra | COPYRIGHT 2009 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Even though the name "Walt Disney" is synonymous with creativity and the Walt Disney Company is one of the largest and most successful media and entertainment corporations in the world, many business professionals scoff at the idea of embracing "the mouse" at work. In fact, depending on where you work, wearing a Mickey Mouse tie or watch to the office will not only be frowned upon, but it may also cause coworkers and managers to question your professionalism or challenge your credibility.

Despite corporate America's negative view of all things Disney on the job, millions of people go to one of the many Disney parks for vacations each year, bringing home souvenirs and photos that they proudly display on their desk. And while some people may think that such Disney keepsakes are too whimsical or child-like for an office setting, the fact is that Mickey Mouse and all other Disney items represent the kind of success that many companies are striving for.

No matter what company or industry you're in, seeing something Disney in your office should be a sign of excellence--a reminder to do your best, to think creatively and to reach for the stars. While Disney items are often frivolous and fun, they can also be reminders of great business principles that all companies should implement. Consider the following beliefs that enabled Walt Disney to create and build a multi-billion dollar corporation.

Hire the Best in the Field and Let Them Do Their Best

When it comes to hiring great talent, in many companies, one of two things often happens. Either the manager hires a great person for the job but stands in the new employee's way, resulting in poor performance; or the manager feels threatened by a potential employee's skills and hires someone else who is less qualified for the job. In either scenario, the company suffers.

[ILLUSTRATION OMITTED]

Walt Disney was not a very good artist, so he hired Ub Iwerks to do the animations for him. Rather than feel threatened by another artist, Walt recognized his own weaknesses and sought out the best talent to help him succeed. At the same time, Walt knew he was good at sales, so he handled the sales end of his company. Walt believed that the only way to become successful was to have a great team on your side.

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