Closing of Blockbuster

In: Business and Management

Submitted By obaapa91
Words 1596
Pages 7
Closing of Blockbuster
Alimatu Asumah
Organizational Behavior
Southern New Hampshire University

I. Introduction a. Closing of Blockbuster b. Challenges faced by Block c. Filling for bankruptcy
II. Dish Takeover and Tactics a. Dish Purchase and Layoffs at Blockbuster b. Exploring new channels c. Blockbuster need for innovation
III. Employment and Morale a. Compensation and Quality of work b. Morale and Job Satisfaction c. Corporation Image
IV. Conclusion

I. Introduction
Founded by David Cook and Wayne Huizenga in the mid 1980’s, in the late 1980's and early 1990’s, Blockbuster Inc. was the leading in the video rental industry. Which grew quickly maintaining interest in the entertainment industry, including retailing music. Also growing nationwide, many American families were turning all over to movie rentals as a form of in-home entertainment. I propose that an organizational behavior theory that leads to a company’s success includes a rational system perspective and the most important things within these theories are formalization and specific it y of goals. Organizational behavior becomes standardize. Through formalization, organizational behavior becomes standardize making training of new employees easier for both management and the employee. Goal specification allows procedures for specific tasks to be performed along with a structured way for resources to be allotted (Kreitner 2012). When companies have a rational structure, expectations are stable, which turns out to creating a rational organizational system. The role of management and organizational structure, management is put in place to deliver training and knowledge on new products for the business. When the organizational structure is a matrix structure, it combines functional and divisional chains of command in a grid so that there are two command structures;…...

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