Blockbuster: Leadership & Strategic Failures Scott E. Morris MGT 460 Professor Robin McCart-Brown May 30th‚ 2011 Abstract This research paper will explore and analyze the leadership and strategic failures that occurred within Blockbuster Incorporated. The paper will look at leadership and strategic theories that could have assisted Blockbuster. In addition the paper will discuss the importance of leadership within an organization‚ and its necessity for the company to survive. Blockbuster:
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Strategic leadership basically means using strategy in the management of workers. The main strategy usually employed is to motivate workers to take the initiative to improve their productive input into the company. Strategy involves thinking and planning‚ while leadership inspires others to take the appropriate action. This management model trains and encourages employees to best prepare the company for the future. Leaders who are strategic are always looking ahead and analyzing the present in terms
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Objectives --The role of leadership‚ structure and culture -Indicators of failure -Specific Organization behavior theories that explained its failure. approx 500 Blockbuster Video Blockbuster used to be the behemoth of video stores with people roaming the aisles in search of a favorite movie the entire family could enjoy. It was also convenient because customers could get their favorite movie along with a wide selection of candy‚ popcorn‚ and soda pop. Blockbuster was iconic in the 90"s and
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beginning‚ Blockbuster was the leader in the video rental industry (Forbe). They had thousands of retail locations‚ millions of customers‚ and massive marketing budgets and efficient operations (Forbe). However‚ just a few weeks before it 25th birthday‚ on September 23rd 2010‚ Blockbuster filed for bankruptcy (Gandel/Dallas). The human relations management system theory was developed in the early 1920’s during the industrial revolution (Perry). This theory can relate to Blockbusters failure because
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Academy of Management Journal - In Press The Dynamics of Collective Leadership and Strategic Change in Pluralistic Organizations1 Jean-Louis Denis Département d’administration de la santé‚ Université de Montréal‚ C.P. 6192 Succursale Centre-Ville‚ Montréal‚ Canada H3C 3J7 Tel: (514)-343-6031 Fax: (514)-343-2448 jean-louis.denis@umontreal.ca Lise Lamothe Département de management‚ Faculté des sciences de l’administration‚ Université Laval‚ Sainte-Foy‚ Québec‚ Canada G1K 7P4 Tel: (418)-656-2131 X5960
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An Organizational Failure: Blockbuster Rana Fawad 1. Describe and discuss how the organization’s culture facilitated the failure. Philips (2011) believes that success or failure of any great company depends on “Events‚ internal and external” (p. 3). Blockbuster also appears to be a victim of certain events at internal as well as external level. Based in McKinney‚ Texas‚ Blockbuster and founded in 1985 (Blockbuster Corporate‚ 2012) and it ushered in a new era as far as video rental retail
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References: Strategic leadership is defined by Barron‚ 1995 as practicing existing abilities and skills and influencing others to train in new formats for new leadership models
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David Cook founded Blockbuster video in 1985‚ opening the first store in Dallas Texas and has grown to become the world’s number one video chain. In 1987 cook sold a one-third stake in the company to a group of investors. Cook was forced to turn over future control of the company‚ and eventually left the company. By 1992‚ Blockbuster had over 3‚000 stores (1‚000 franchise and 2‚000 company owned). 2003 was the most interesting year for Blockbuster. The company placed a net loss of $845.2 million
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Value of Failure in Leadership Trenise S. Palmer Dr. Laura Poluka MGT 550‚ Leadership Strategies October 24‚ 2014 Failure is something that we cannot go through life without experiencing. The best thing about failure is that failure can be used as a great learning experience to improve upon things in our lives and career. Using failure as a learning tool is dependent upon the person and how they view it as well as how they use it. Failure is a matter of perspective and the lessons in failure are important
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the legal issues and clean up the culture‚ no small feat in a $38 billion company that employed 260‚000 people worldwide. His friend was among those under indictment. In the Tyco failure‚ Lytton said‚ “They failed as leaders. They forgot that leadership was about serving others and not themselves.” But it was also a failure of those who follow the leaders‚ the corporate lawyers who failed in their duty to keep the leaders in
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