If there’s one thing that all famous storytellers have in common, it’s that they are not afraid to tell the truth.
“Business is tough, you need tough guys.”
“If you are not willing to risk the usual, you’ll settle for the ordinary.”
You get the point.
Dare to speak up, even though not everyone will like that. From what we’ve observed, a tough truth can be discomforting at first but rewarding in the long run.
A fantastic example of that comes from Bob Iger.
Bog Iger became CEO of Disney in 2005. Right at his first board meeting he stood up in front all the board members and said “Guys, Disney Animation is an absolute mess”.
He knew that it was not the 1st time that they had heard something like that, but he also felt that they hadn’t truly internalized it. Instead of giving them data to prove his point, he shared a story of what he meant.
He said, “Two weeks ago, I was in Hong Kong to open Hong Kong Disneyland. I remember standing on Main Street, watching the big parade happening with tons of Disney characters flowing through the streets. All these classic characters such as Pinocchio, Cinderella, and Snow White. As I watched, it struck me that something was missing.”
At that moment, he turned to the board, “What is missing here for you?”
“We haven’t had any characters for the past 10 years!”
And that was a problem because Disney was relying on revenue from new characters. New characters mean new rides, new merchandise, and new offshoot animations.
Iger changed that. Only a year after, in 2006, he purchased Pixar. Another 3 years later, in 2009, he purchased Marvel film studios, and, in 2012, Iger purchased the rights for the Star Wars movies.
Today, Disney is the most successful media company and owns the rights to some of the most popular characters of recent times – from Frozen, to Black Panther to Avengers.
Iger turned the company around by not shying away from the truth.
To listen to Iger’s full story, check out Anecdote’s podcast episode. Anecdote is a fantastic resource to build your business story repertoire.