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One could argue that his need for achievement subsequently developed his need for power. Categorizing Jordan’s motivation proved to be a simple task, as McClelland’s Theory of Needs, particularly the need for power and achievement, defined Jordan’s ambitions. Before touching upon how Jordan chose to lead his band of misfits, it is important for us to highlight where his respective management philosophies were developed.Įarly into the film, the audience is introduced to a variety of Jordan’s addictions: drugs, sex, and, most importantly, money. Stratton Oakmont’s management team consisted of Jordan Belfort and his accomplice Donnie Azoff, who was Jordan’s closest friend and most loyal companion. In the case of The Wolf of Wall Street this statement holds true. Scholarly work on vision has associated it with followers’ sense of collective identity, enthusiasm, and commitment to their group or organization.” Journal of Experimental Psychology says that, “Leaders in organizations often use visions- aspiring articulations of an organization’s purpose and direction- to motivate employees.
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Management plays a vital role in the workforce largely in part because they set the direction in which their employees move. Following our assessments we will provide a brief recommendation as to how these problems might have been avoided or corrected in a timely fashion.
#The wolf of wall street movie watch online code
Since the company is no longer in existence, we will examine the role of management at Stratton Oakmont, their code of conduct and the overbearing influence they had on their employees and how this shaped the ethos of the corporation the reasons how and why the employees bought into the management’s philosophy and lastly the resulting effects of subscribing to the inherently flawed company. Had we had the opportunity to evaluate this company prior to its implosion, we would have made several recommendations regarding structural, organizational, and cultural changes. Based on our observational findings of this company, we have come to the conclusion that irresponsible management was the root cause of the firm’s ruination. After years under the spotlight, Jordan Belfort was indicted and found guilty of Stock manipulation and money laundering, ultimately causing the downfall and eventual closing of his brainchild, Stratton Oakmont.Īs budding Organizational Behavior theorists, we were asked to apply OB principles to our examination of the rise and fall of Stratton Oakmont.
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With an army at his disposal, Jordan Belfort took Wall Street and the American Financial System by storm, making such enormous profits that it turned the heads of many larger financial institutions and regulatory boards. They pledged their undying allegiance to Jordan and Stratton in return for a shot at material success. These individuals were often High School or College dropouts with a thirst for the big bucks and would stop at nothing to fulfill their lust for power and money. The “Strattonites”, as Jordan had so appropriately titled them, were the pawns in his great money-making machine. His brokerage firm, Stratton Oakmont, was home to the most abrasive and uncouth employees ever to work on Wall Street. During his tenure on Wall St, Jordan Belfort was known for his antics and for the unconventional way he conducted business.
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The Wolf of Wall Street, directed by Martin Scorsese, is a 180-minute thrill ride through the life of infamous stockbroker Jordan Belfort.