Question

Company X is one of the most successful and unique organizations in the film industry and,...

Company X is one of the most successful and unique organizations in the film industry and, perhaps, anywhere in the world. It has produced ten major movie hits, and they are all highly creative and computer-animated. The blockbuster movies include Toy Story, A Bug's Life, Monsters Inc, Finding Nemo, The Incredible, Cars, and Wall-E, to name a few. In fact, all of Company X's movies have been highly successful, which is a truly amazing accomplishment. Company X's success is due to the talent of its managers and how it grows and develops its associates, as employees are called. It begins with a thorough recruitment and even more careful selection process. It believes that it is important to have the right type of employee who cares about and is challenged by producing the best possible movie. The company looks for people who are innovative with good communication skills. In fact, it looks for people who have failed but overcome their failures and learned from them. As the Vice President of Human Resources observed, "the secret of innovation is learning from mistakes, not avoiding them." Hiring the right employee is only the first step. Allowing associates to grown and reach their full potential is the second step of Company X's success. Company X builds teams of people and expects them to work together to produce an amazing end product. Managers trust their teams and give them the autonomy and decision-making responsibilities to work in their own way; the only criteria is that the outcome be of the highest quality. Everyone is expected to participate in solving problems by contributing their best solutions in open and honest conversations. "We practice team innovation and team problem-solving. All 200 to 250 members of a production group are given an opportunity to offer their ideas. Sure, it takes time, but it is only in this way that we are able to create the blockbuster hits that we do," explains one of the team leaders. There are few rules but everyone is expected to offer their ideas, while, at the same time, respecting the opinions of everyone else in the team. In this way, everyone contributes to the overall success of the organization. Everyone is challenged to grow through involvement with the whole creation and production of each movie. Company X rewards its employees highly by offering the highest salaries and benefits in the industry. As one senior executive said, "We hire the best and treat them the best! It is our employees who are responsible for our success!" In this way, Company X is able to not only attract and develop the most talented individuals in the movie industry, but also to keep them. Company X's turnover is less than 4% per year--much below the industry standard. In addition to teamwork, Company X emphasizes integrity and collaboration. It believes that it is important to create a work environment where everyone can have fun while pursuing their passions. Interdisciplinary learning is encourage and creativity is rewarded. George Lucas (creator of Star WARS) founded Company X in 1970 and sold it to Steve Jobs in the late 1980s for $10 million. Jobs sold Company X to Walt Disney in 2006 for $7.4 billion! This shows you the value of human capital and the benefits of managing that talent to gain the most from it. Question 1: What was the company doing right that made it achieve so much success? Question 2: Which Organizational Culture can explain its success?

Homework Answers

Answer #1

1. The company was right in its people policies. That is, it had clear goals on recruitment. They exactly knew the kind of people to be hired. Secondly, and very importantly they treated their employees with a lot of respect and care. This made everyone feel included in the larger goals of the company and strive towards its success.

2. The organizational culture that can explain its success is the clan culture of the company whereby the management follows a deep rooted belief in collaboration. The company that consists of 200-250 employees treats everyone equally and everyone's ideas are taken into consideration before making a decision. This collaborative decision making makes people feel accountable for the success and failure of the company and thereby their own perks and benefits from it. Hence, this culture drives them to work better and harder.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Read the following case and answer the questions that follow. Can employees really manage themselves? At...
Read the following case and answer the questions that follow. Can employees really manage themselves? At W.L. Gore and Associates, self-managed teams have helped create a thriving business that has operated profitably for more than 50 years. Gore is a manufacturer that develops innovative solutions for demanding environments. Focusing primarily on protective fabrics, Gore products might be found in clothing worn on a hike up Mt. Everest or in medical implants for the human body. You may have encountered their...
AstraZeneca is one of the world’s largest pharmaceutical companies. Headquartered in London, the company has 59,000...
AstraZeneca is one of the world’s largest pharmaceutical companies. Headquartered in London, the company has 59,000 employees around the world. Some 21.8% percent are in the United States, 32.9 percent in Europe, and 18.1 percent in China. The company is active in more than 100 nations and had sales in excess of $23 billion for 2016. A key strategic imperative for this multinational is to build a talented global workforce, led by managers who have a global perspective and are...
1.Establishing the virtual Management: As known, managing virtual staff requires a different method or approach than...
1.Establishing the virtual Management: As known, managing virtual staff requires a different method or approach than managing local staff. Due to that reason, Golden Scent has developed a strategic plan to successfully manage its virtual staff in the USA. Identify the suitable manager. to make sure our work will proceed as we planned, Golden Scent willrecruit a virtual manager with the essential skills and knowledge required to manage virtual employees. Find the skilled people to work with. Since not everyone...
Please read the article below, and answer the questions that follow. In doing so, remember the...
Please read the article below, and answer the questions that follow. In doing so, remember the following, - Although the use of generic theories, covered in class/your module guide/text book will provide a framework, the expectation for the student is to be able to discuss it in context with research relevant to South Africa and your own reflective experiences. - You are required to extensively research current South African trends, amidst our changing political landscape and benchmarked against a global...
The author describes the story of the New York Police Commissioner Bill Bratton and how he made his top management understand the problems faced by the subway users.
As a manager, you may have the power to change your organization’s policies with the stroke of a pen. And you may have the ability to hire, fire, promote and demote people with relatively little effort.But changing an entrenched culture is the toughest task you will face. To do so, you must win the hearts and minds of the people you work with, and that takes both cunning and persuasion.In their book “Blue Ocean Strategy,” W. Chan Kim and Renee...
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation....
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation. case:    W17400 APIGEE: PEOPLE MANAGEMENT PRACTICES AND THE CHALLENGE OF GROWTH Ranjeet Nambudiri, S. Ramnarayan, and Catherine Xavier wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be...
As a manager, you may have the power to change your organization’s policies with the stroke...
As a manager, you may have the power to change your organization’s policies with the stroke of a pen. And you may have the ability to hire, fire, promote and demote people with relatively little effort. But changing an entrenched culture is the toughest task you will face. To do so, you must win the hearts and minds of the people you work with, and that takes both cunning and persuasion. In their book “Blue Ocean Strategy,” W. Chan Kim...
Employees Love SAS SAS, a software company established in 1976, has consistently been praised as one...
Employees Love SAS SAS, a software company established in 1976, has consistently been praised as one of the best places to work. Year after year, the company receives high rankings and awards from magazines such as Fortune and Working Mother. Review the three segments of the case and write your responses as instructed. Because employees do the actual work of the business and influence whether the firm achieves its objectives, most top managers agree that employees are an organization's most...
New Wave Music New Wave Music is an international company that develops music software that is...
New Wave Music New Wave Music is an international company that develops music software that is used to compose music, play recordings in clubs, and produce albums. Founder and CEO Moritz Halbach is the company’s biggest fan. He said “I started this company from nothing, just me, my ideas, and my computer. I love music---love playing music, love writing programs for making music, love listening to music---and the money is nice, too.” Moritz says that he never wanted to work...
Use the business developed below. Explain the 10 assumptions that you used in developing this business....
Use the business developed below. Explain the 10 assumptions that you used in developing this business. Overview- We are going to start a bakery business as I have my interest in bakery. This is going to be start-up business plan. The name of our Bakery would be “Bake It or Make It”. It would be managed by me along with my team of new bakers around the city. Opening a bakery at initial stage would involve a lot of investment...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • Six men and six women are to be divided into three different groups, each consisting of...
    asked 11 minutes ago
  • Determine the effects of the following on a cash basis taxpayer’s gross income for 2018 and...
    asked 36 minutes ago
  • XYZ is a calendar-year corporation that began business on January 1, 2017. For 2018, it reported...
    asked 1 hour ago
  • Although aging and death are realities that all individuals have to deal with at some point...
    asked 1 hour ago
  • Implement the following functions with AVR assembly language 1) 2-byte addition (i.e, addition on 16-bit numbers)...
    asked 1 hour ago
  • Assume you have a chemical compound (HA) that is a weak acid which changes color upon...
    asked 2 hours ago
  • A company has two divisions. The first division consists of project management and generated $4,523,367 of...
    asked 2 hours ago
  • Practice Quiz 1 Use the following information to answer questions 1 through 5.                              &
    asked 2 hours ago
  • 3) The corrosion of iron is an electrochemical process that involves the standard reduction potentials given...
    asked 2 hours ago
  • Type or paste question here In 2015, the United States is still recovering from the recession....
    asked 2 hours ago
  • Failures of a critical machine part due to cyclical vibration has a gamma distribution with a...
    asked 3 hours ago
  • f(x)=ln(1+2x), a=4,n=3,3.7<=x<=4.3 (b) Use Taylor's Inequality to estimate the accuracy of the approximation f  Tn(x) when x...
    asked 3 hours ago