I agree with everything the speaker said. Personally, i love the task of placing people or things in the right positions, or finding a fit for everything. It's like a big puzzle that needs to be completed correctly in order to work. Starting up a business is exactly like starting up a television or movie production. All bases need to be covered, not just the obvious factors.
Post by patrickschwaner on Mar 13, 2014 13:55:43 GMT -6
This definitely wasn't my favorite video so far. I do like the comparisons between Hollywood and the business world though. I feel more owners should step back and let the people they've hired perform the jobs that they were hired to do. However this advice is hardly universal, and every business or situation requires a different management strategy.
In the beginning of this video the speaker says to be a success you have to work smart. I agree. Also mentioned was finding the best people in the business to get the best results and having a good working relationship with people is important as well. A good manger can delegate responsibility and not micromanage every employee. These were great tips and I believe if any company follows these tips they have a good shot at being successful.
I really liked this video. Companies and management could learn a lot from this. "I hired them for a reason, they know what they are doing." This is by far the greatest moment in the video. Micro-managing in a company can have many undesired effects on the employees and the bottom line. Micro-managing leads to greater levels of stress in employees which makes them less productive and decreases the profits of a company. The company hired them for a reason. The employees are capable of doing their assigned tasks. Management should check in every now and again to make sure, but they do not need to be breathing over their shoulders while they are trying to complete an assignment.
Post by arenee1370 on Mar 14, 2014 19:43:21 GMT -6
Great video! I have had experience with this on a much smaller scale. My first time chairing a particular event I wanted to have my hands in everything because I felt as if I needed to in order to ensure success. In reality that was the worst thing I could have done. No I did not choose people to do certain things because of their qualification level but I should have allowed them to do things how saw fit to. This video definitely reiterated that lesson.
Post by jessweaver on Mar 23, 2014 18:33:34 GMT -6
I have never really thought about producing a movie being the same as owning a company. This proves that there are a lot of similarities. Work hard and work smart. This motto is the same for both - any company needs to have a CEO that does not micro-manage. The reason you hire managers and employees is because you trust them with the day to day operations of your company. As the producer, owner, or CEO you need to have the company's overall plan as your job. If you waste time micro-managing, you are going to aggravate the managers and employees, making them think that you do not trust them to do the job that you hired them to do.
Post by robertnicholson on Mar 31, 2014 21:54:59 GMT -6
I work in the entertainment industry and love it. Especially when it comes to starting a new project. You get to find and manage all kind of folks and do it on the fly. There is defiantly a rush to it. In my opinion there nothing funner even though it can come with mountains of stress. But its worth it after it comes all together,
Its crazy to compare a startup business to a Hollywood production. You wouldn't think they had anything in common with one another but now I can see that they do. Although I do think its harder for a startup business to succeed than a movie production. The concepts are still the same. I like the comparison.
Post by briandavis1 on Apr 9, 2014 12:21:16 GMT -6
Picking individuals is very impotent to business success. having skilled qualified people to handle certain aspects is a great wa to ensure a comapnys survival. Human resurse has a major part in how successful an employee will be.
Very good advice to take when starting a company. Though hiring the best is what a company strives to do, they need to be able to have these individual parts/people work as a team to complete a product or task. He said he does not want to micro-manage. This can only be done if there is competent people doing the job at hand. Companies need to make sure that their new hires are capable of performing on their own. If not, this will cause many issues and a chain reaction in the production line. The crew or team needs to be able to do their tasks and work together for there to be a successful relationship.
This definitely was a good video. I like the way it simply explained the benefits of empowering workers. It is probably one of the best ways to get things done. When you have a group of people who are capable of making decisions, it helps management to focus on more important things. As an employee I try to solve problems on my own instead of asking for help first.
Running a business is similar to working in Hollywood in that you need all the pieces of the company to work together and flow correctly. It's important to get the right people on the job and put them in a position they will be successful in.
Post by ashleysegalla on Apr 27, 2014 9:51:44 GMT -6
I thought that this video was interesting. I liked when he spoke of getting the best people for every position, as well as collaborating. That is a necessary part of starting any company. The head of the company must hire the best managers and department heads that they can in order to let them do the work that they are hired to do. The head should not try to micromanage all of the different parts of the company. I liked how he spoke of the owner of the business being like a general of an army. They should assign jobs to different people, and then let them do the job that they were assigned.
I like the concept that this video offers. Its interesting to compare a movie production to a business plan or proposal. What first comes to my mind in regard to planning a proposal like a movie pitch budget etc. I think of one of William Shakespeare's famous quotes "All the worlds a stage" to me this relates perfectly because every move we make is a scene in this production called life. If we plan precisely as possible we can better write out the outcome. I believe the same with start-ups, if you plan for every aspect you will always be a step ahead which will lead to quicker and more ideal success.
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briandavis1: Every company wants to try and be different. Some companies difference allow them to have strategic advantages over others. Distinction will give consumers chooses and help the market grow.
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