Preview

Blockbuster: Renting and Organization Behavior

Good Essays
Open Document
Open Document
786 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Blockbuster: Renting and Organization Behavior
BLOCKBUSTER……..
Group members
01-Divya Malik 11308866
02-Y Himashika Gimahani De Silva 11308685
03-Mohit Thapkiyal 11308743
04-Anushka Singh 11302955
05-Amit kumara 11304693
06-Niyuhire Divine 11303896

Index
Introduction of the cause
Problems of the cause
Solutions to the above mention
SOWT analysis
Conclu

Introduction

Blockbuster is still the world’s largest video rental company,but last few year’s blockbuster have not been good ones.After Mr Janes W Kenyes become the CEO,he get blockbuster good standard.By 2004 his company achieved 36 consecutive quarters of revenue growth and a profit of $106 million.
Mr Kenyes approach quantitative data collected by each store dictates the product mix carried in that store.He always think about the how to satisfy the customer needs in better and best way

Problems of the case
01-Mr Keyes obviously is a big fan of the quantitative approach.How might principles of scientific management be useful to Blockbuster?
These are the principles of scientific management,
01 Gathering of the traditional knowledge of the workmen record and codifit it.
02 Scientific selection of the workman and his progressive development.
03 Bringing together the trained workmen and the scientific approach.
04 Teamwork between management and workmen sharing of the division of the labour.

Mr keyes is use lots of scientific management principles and quantitative approach.In this company people are get together and do their work that is the main reason they became successful.Before 1990s company has made lots of losses,by 2004 they achieved consecutive quarters of revenue growth and profits.

02-How might knowledge of organization behavior help the company ‘s frontline store supervisors management their employees?Would Mr Keyes and other top managers need to understand OB?why or why not?

Organization behavior,
1-Study of different organizational structures.
2-Individual behavior,attitude and learning

You May Also Find These Documents Helpful

  • Good Essays

    Blockbuster case study

    • 312 Words
    • 2 Pages

    1. Below is the computed free cash flow without late fees for 2002-2004 and projected 2005.…

    • 312 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Closing of Blockbuster

    • 3720 Words
    • 15 Pages

    Blockbuster has 500 stores remaining in 2013 down from a peak of more than 9,000 in 2004. Decision making is the key and the way the final decisions are made is very important. “Blockbuster experienced a…

    • 3720 Words
    • 15 Pages
    Better Essays
  • Satisfactory Essays

    MGT 311 Study Guide

    • 907 Words
    • 4 Pages

    In Week One, you are introduced to organizational behavior (OB) as a discipline. You also learn about a number of individual characteristics of employees, and you review both the effects those characteristics have on organizational performance as well as management methods that best align with those characteristics. You will address specific employee characteristics, including attitudes and job satisfaction, emotions and moods, personality and values, and perception and individual decision making.…

    • 907 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    Blockbuster started as an idea by David Cook who owned a company called Cook Data Services that provided computer software to the oil and gas industry in Texas. In the early 80’s the oil and gas industry took a turn for the worse in Texas, and Cook decided to attempt a venture into the movie video rental business. The current video rental marketplace was primarily small privately owned business that had a small inventory of movies that was kept locked up and behind the counter. Cook’s idea was to offer a wide selection, allow the videos to be on the shelf, provide excellent customer service, and integrate his computer software programming background to create a software system to track inventory. On October, 19, 1985 Cook opened his first store in Dallas, Texas. After opening up three additional stores, Cook sold a large portion of the business to a group of investors with Wayne Huizenga, the founder of the world’s largest garbage disposal company, Waste Management, Inc. to finance expansion.…

    • 2057 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Blockbuster Video

    • 3224 Words
    • 13 Pages

    Blockbuster Video has been around for many years providing new and old movies along with video games to be either purchased or rented for a small fee. David Cook left the oil business to open his first store, “He opened the first Blockbuster store in Dallas in October of 1985…With more than 8,000 VHS tapes in more than 6,500 titles” (Poggi, 2010). The company kept growing and overcoming obstacles to stay alive and compete with new technologies. Cook sold shares in his store, went international and “by 1993 there were more than 3,400 stores and Blockbuster was looking beyond its core video chain business to fuel growth” (Poggi, 2010). But with competitors like Netflix and Redbox, Blockbuster went bankrupt in 2010.…

    • 3224 Words
    • 13 Pages
    Better Essays
  • Good Essays

    Blockbuster Hbr Case

    • 662 Words
    • 3 Pages

    Blockbuster became the dominant movie rental firm for a number of reasons. First and foremost in the early years, they were invested in by Wayne Huizeinga who infused the company with $18.5 million dollars and for a span of 7 years grew the company’s market capitalization at an annual growth rate of 118%. Once it started becoming large, it efficiently used economies of scale. It also had the most power to negotiate favorable deals with movie studios as opposed to mom and pop shops. Blockbuster covered all the factors critical for a successful video store which are depth of new releases, breadth of available copies, and store locations. One of Blockbuster’s biggest value drivers is geographic location. Most people, especiall in urban areas live pretty close to a Blockbuster location. Availability of titles is also a value driver that not all video stores can provide. Their reputation is also a value driver. Economies of scale are one of Blockbuster’s largest cost drivers. The ability to negotiate with movie studios with leverage while their competitors can’t as effectively win lower prices for inventory purchases gives a huge advantage. The aforementioned reasons are ammunition to defened against competitors. Geographic location and leveraging the brand name recognition are two of the most important advantages that Blockbuster has that none of its competitors can easily overcome.…

    • 662 Words
    • 3 Pages
    Good Essays
  • Better Essays

    As America’s economy has been in the dumps for the past several years, you would think that companies that provide home entertainment would be booming with business, but that has not been the case with Blockbuster.…

    • 1209 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Buad 304 Syllabus

    • 5690 Words
    • 23 Pages

    During the course, we will move progressively through the individual, group, and organizational levels of behavior within the context of Organizational Behavior (OB) and examine the interrelationship of behavioral phenomena among these levels. Studying OB enables you, as future employees, managers and leaders, to understand your own and others’ behaviors, particularly in teams. It also enhances your ability to effectively communicate and manage human resources, core skills when leading at all levels of an organization. The goal is simple: ultimately, your aim should be to strengthen critical people skills that are essential to becoming a successful leader.…

    • 5690 Words
    • 23 Pages
    Good Essays
  • Better Essays

    final paper

    • 928 Words
    • 3 Pages

    Blockbuster is a company that encountered major problems when internet companies sprang up to offer faster service and lower prices. Blockbuster failed to respond with a positive change and as a result they filed for bankruptcy. If I were the CEO of the company and had recognized the need for change, I believe I would have attempted to fine tune the organization. I would have refined processes for the customer to purchase or rent the product. To do this, they could have gone to an online streaming format such as the one that Netflix uses.…

    • 928 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Blockbuster, the movie and video game superstore, has come to a close. It was established on October 19, 1985. In the beginning of this company's journey, it reached a total of over 8,000 stores and almost 60,000 employees. The company was very popular, considering the low priced rentals or easy deliveries through the mail. However, over the years, there has been many obstacles standing in Blockbuster's way that eventually ran them out of business due to bankruptcy. Blockbuster began to close certain stores in 2013, but officially closed its doors in early January of 2014. One of the many problems that Blockbuster has faced was the newly founded company at the time, Netflix. Blockbuster had been already…

    • 1426 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Since the environment of business is always changing, the role of managers has become more sensitive. In order to know how to utilize a workforce to their full potential, and deal with the complexity of a new environment, supervisors need to develop their information about behaviour and attitude of individuals and groups in organisations. Organisational behaviour is now an essential part of training and development of the workforce and through this training employees are…

    • 843 Words
    • 4 Pages
    Good Essays
  • Good Essays

    •Custom publication for York University: Kreitner, Kinicki, Cole & Digby (2010), OB: Key Concepts, Skills, and Best Practices (Excerpts for AP/ADMS2400). Includes Chapters 2 and 7 from Fundamentals of Organizational Behaviour, 3rd Canadian Edition. McGraw-Hill Ryerson Ltd. Canada.…

    • 2158 Words
    • 9 Pages
    Good Essays
  • Better Essays

    Proposed herein is a framework for formulating and implementing an elective course: “Management Goes to the Movies.” For a typical fifteen week semester, 11 full length feature films are recommended for showing, a film critique form is provided, a structure for grading the course is suggested and links are given to relevant concepts of management and business administration for the purpose of fostering additional research. It is believed that such a course would enable faculty to utilize a non-traditional vehicle: Hollywood feature films, both to reify concepts of management and…

    • 2231 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Block Buster

    • 4592 Words
    • 19 Pages

    1. Perform a STEEP analysis to understand the general environment facing Blockbuster. How will Blockbuster be affected by external factors?…

    • 4592 Words
    • 19 Pages
    Good Essays
  • Satisfactory Essays

    First of all, what external components might be important for managers? There are three different factors that can be considered as external threats for the movie theater. One example for an economic factor is the increase in price of tickets that highly affects the number of customers to attend. What…

    • 505 Words
    • 3 Pages
    Satisfactory Essays