Movies portray a lot of change in the developing world through discoveries and inventions. This kind of movies influences the managers in taking part in adopting changes such as modern technology in any organization with the aim of the future changes. Movies also influence the negotiating skills which is a crucial managerial skill. Most of movie actor while involved in various deals engages in negotiation with either internal or external entities. The actors are sufficiently trained on how to negotiate with different businessmen in the movie, thus exposing any manager watching the movie to more negotiation encounters.
In the business sector among other sectors movies have been recognized to be most potent and influential. The financial power and sheer size of the studios that are involved in production of the movies, allows them to dominate the foreign industries. This influences any other manager to take such competitive advantage to dominate the foreign industry in the expenses of less competitive local industries. Movie makers do this by allocating big budget, huge salaries for star actors and pump more capital on the movie production and immense marketing budget as well.
However, pumping money in any project is not a guaranteed success of the business. For instance, movies like “the Full Monty” are small-budget movies and yet are international hits. Likewise, French government has been pumping money into the local film industries and yet the Hollywood movies dominate the market.
Watching foreign movies can be appropriate way of promoting business in abroad. This is because various movies depict the culture of a particular country. This offers a businessman opportunity to observe the consumption behavior of the culture represented in the movie and identifies the market niche. For instance, American movies illustrates majority of American culture regardless of the irrelevance of the movie.
Harold Koontz; Heinz Weihrich. Essentials of Management: An International Perspective. New Delhi: Tata McGraw-Hill, 2010
Wheeler W Dixon; Gwendolyn Audrey Foster. 21st Century Hollywood: Movies in the Era of Transformation. New Brunswick, N.J.: Rutgers University Press, 2011