Business Failure Analysis/Leading Organizational Change

1610 WordsMar 16, 20147 Pages
Business Failure Analysis/Leading Organizational Change Organizational Leadership/531 July 15, 2013 Business Failure Analysis/Leading Organizational Change Team D’s assignment consisted of two parts; first we selected a business that failed and one that has succeeded within the last 5 years and identified their objectives, visions, and missions. After our research we determined the indicators of the business failures and successes. In our paper we will describe how specific organizational behavior theories could have predicted or explained the company’s failures or successes and how leadership, management, organizational structure, the culture of the organization and its departments played a…show more content…
Conducting surveys, looking at trends, and studying the advancement of technology and consumerism, the shift in consumer needs would not only be recognized, but also anticipated. Evolving and changing our focus to adapt with the customer and not the industry allows Blockbuster to foresee the impact of movie-by-mail service, online streaming, and movie kiosks. Anticipating these market shifts gives Blockbuster the chance to shift its priority and finances into research and development to establish strong products the new market areas. Understanding whom our competition is, and establishing a competitive product from the beginning, allows Blockbuster to use its name recognition and capital to dominate in new areas of entertainment and diminish any competitor’s chance of becoming successful. We live in a world where there is constant change. New initiatives, improvements with technology, and various tactics help organizations stay ahead of their competitors. Change has to occur in order remain successful in any field. Leaders need to be visionary and guide the organization with superior change management skills. Because of the advancement of technology, live personnel are not required to complete certain tasks. However, many tasks still require people and cannot be automated. Effective leaders can assess the needs of the customer and organization and determine the
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