I recently had the pleasure of interviewing Lawrence Levy for the Future Squared podcast. Lawrence was CFO of Pixar Animation Studios from 1994 through to 2001 (in Pixar terms, from Toy Story to Monsters Inc) and maintained a Board role with the company through to 2006, the year Cars was released.
Lawrence recently penned and released To Pixar and Beyond: My Unlikely Journey with Steve Jobs to Make Entertainment History, which was an Amazon Best Book of 2016 in Business & Leadership category. The book chronicles how Steve Jobs called Lawrence out of the blue and persuaded him to join Pixar and turnaround a company that was on the verge of failure. The conversation I had with Lawrence was therefore as enthralling as it was insightful.
Levy worked closely with Jobs and the Pixar team to design and implement a roadmap that transformed what was a sleepy graphics art studio into one of Hollywood’s greatest success stories, having since generated lifetime box office revenues of US$10.8B.
Levy delivered key insights on how to balance financial objectives with creativity and innovation - something at the core of what Pixar does, as well as how to build a culture where people are free to fail and make creative mistakes in order to break through to doing their best work.
Having found this conversation profoundly valuable, I decided to summarise the key take-aways.
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To help you avoid stepping into these all too common pitfalls, we’ve reflected on our five years as an organization working on corporate innovation programs across the globe, and have prepared 100 DOs and DON’Ts.