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What Himalayan Mountain Climbers Can Teach Us About Office Hierarchy Hierarchy can both improve and undermine a team. Be sure all your colleagues have a voice in the boardroom, or face the consequences. What do mountain climbers, surgeons, and business leaders have in common? They all are members of high-stakes teams, and hierarchical structures within these groups can both benefit and devastate them. Read Full Story Hashtag #money. The business of the pound sign First introduced in 2007 as way of sifting through Twitter's newsfeed, the hashtag has since spawned new tech businesses and become a pop culture phenom that retailers are cashing in on. Former Executive Shares The Secrets To How Disney Runs Its Empire "You don't have to be happy to work at Disney, but you do have to act happy for eight hours. Because we're putting on a show." During a 16-year run with Disney, Lee Cockerell was an executive vice president who led a team of 40,000 employees and was responsible for operations at 20 resort hotels, four theme parks, and two water parks, among other things. Disney is an empire built as much on grand expectations—from families who might save up all year to make the trip to Walt Disney World Resort—as it is an empire of scale, one that spans a dizzying area of properties and experiences. Disney World alone, according to recent figures , sees about 18.6 million visitors a year. In 2014, Disney's parks and resort division contributed about a third of the company's $48.8 billion in revenue for the year, or a little more than $15 billion. For executives on the amusement park and resort side of the company, that necessitates the mastery of formidable organizational complexity to not only accommodate all those visitors, but to present them with a memorable experience that makes the visit worth it. That's why what goes on behind the scenes at Disney's parks and resorts is a lesson in the leadership of large, sprawling organizations. In fact, when Cockerell retired from the company in 2006 he decided to draw on his time at Disney for insights on leadership, management, and customer service that he could share with other companies and organizations. While his clients don't have a collection of theme parks and resorts or put on nightly lavish fireworks shows, Cockerell says that plenty of leaders could still learn a thing or two by studying the machinery and motivations behind the entertainment destination that bills itself as "the most magical place on Earth." "Disney is just like every business, including yours, whatever it may be," Cockerell writes in his book Creating Magic: 10 Common Sense Leadership Strategies from a Life at Disney. "It has to make a profit, it has to deal with serious business issues, it faces intense competition, and its strongest competitor is its own reputation." In an interview with Fast Company , Cockerell explains that one way Disney checks all those boxes is by embedding a fastidious attitude toward the small stuff throughout the company. At Disney, he says, attention to detail is practically a religion. That's partly because at properties like Disney World, Cockerell says the company regards its interactions with guests as tantamount to staging an epic performance. And one thing out of place, one miscue, one "actor" whose heart isn't in it could end up spoiling the whole thing for a visitor
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NEWEST BUSINESSES FOR SALE
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Contact The Business Broker Journal Network:
|Business Resource Center |
Longstanding Business Broker or agents that have been with the company for over 20 years.
|VR Business Brokers |
Confidential, discreet professional services to privately held business owners.Specialists in 401k/IRA business funding.VR has sold more businesses in the world than anyone.®
|Sunbelt Business Brokers of Atlanta |
Sunbelt Business Brokers offers professional and reliable services for clients who are interested in buying and selling privately held businesses, mergers & acquisitions in the Atlanta, Georgia areas.
|Hilco Real Estate Auctions |
Chapter 11 Bankruptcy Absolute Auction of the
Evergreen Hematology & Oncology Medical Practice
Sept. 16th at 3.30pm
Contact Fernando Palacios:
|Coldwell Banker Mergers & Acquisitions |
Coldwell Banker Mergers & Acquisitions brings together buyers and sellers of businesses across the United States, from main street to the mid-market
|BTI Group / Business Team |
Business Team, a unit of BTI Group, is the largest Business Brokerage firm in the Western United States specializing in arranging the purchase and sale of privately owned companies