Walt Disney Entrepreneurship Analysis

Introduction:

The requirement of this task is to critically evaluate your arguments with examples from existing literature or public sources based on the material covered in the module and my own independent reading. The questions I will be answering are; what is entrepreneurship and who is an entrepreneur & is the contemporary emphasis around entrepreneurship justified? I will be including different theories based on entrepreneurial aspects introduced by very talented entrepreneurial scholars.

What is an Entrepreneur? “An entrepreneur is a person that perceives an opportunity and creates an organization to pursue it. The entrepreneurial process involves all the functions, activities, and actions associated with perceiving opportunities.”

Below, it is explained how Walt Disney became an aspiring entrepreneur and a very successful business man considering many obstacles and difficulties that had come in his way and how he found a solution to these problems.

Walt Disney had a passion for drawing from a very young age and used to draw cartoons as hobby and briefly worked as an advertising cartoonist in Kansas however did not succeed. He then moved to California with his brother, borrowed a little money, set up a studio in his uncle’s garage and produced black and white cartoon of a rabbit named Oswald who he produced for Universal Studios. By doing this, Disney showed innovation and initiative and shows that he was persistent in making his dreams become a reality. When Walt Disney promptly asked for a raise, the company refused and Walt stopped drawing Oswald even though the series

A fraction of people perceives entrepreneurs to not be as important when focusing on a product, it is sometimes forgotten how the entrepreneur actually contributes to producing the idea and finalising the product the consumer may be using. It is important that it is remembered that without an entrepreneur and his idea, the product or service would not have existed in the first place. Another misconception is that entrepreneurs have flexible working hours and don’t have to work as much as other employees do. This is mainly incorrect as entrepreneurs, especially when first starting out or introducing a new business, have to sacrifice personal and family time in order to ensure that their business is running