Willy Shih and Stephen Kaufman Reed Hastings founded Netflix to provide a home movie service that would do a better job satisfying customers than the traditional retail rental model. But as it encountered challenges it underwent several major strategy shifts, ultimately developing a business model and an operational strategy that were highly disruptive to retail video rental chains. The combination of a large national inventory, a recommendation system that drove viewership across a broad catalog, and a large customer base made Netflix a force to be reckoned with, especially as a distribution channel for lower-profile and independent films.
I recently stumbled on this interesting case study by the harvard business school on Rob Parson. A high level summary and my personal recommendation would follow shortly. So enough talk, lets get down to the nitty gritty of the case study.
Parson had a proven track record in financial services and Nasr felt that Parson had the type of energetic, entrepreneurial nature that Morgan Stanley needed to penetrate the sector. Rob Parson, a gifted banker with 10 years of experience had built strong relationships and reputation with the important players in the banking and insurance industries.
Clients loved him and always looked forward to doing business with him as they felt he was one of the most amusing, entertaining and interesting people to be with. He however lacked team player spirit and interpersonal skills to relate successfully with his colleagues.
Rob Parson had to pass the degree performance evaluation process to secure his promotion to the position of Managing Director.
The degree performance evaluation was a platform through which all professionals in the firm were evaluated by superiors, colleagues and subordinates with the aim of providing every employee the opportunity to know how well they faired and advice on their potential areas for development.
Though the position that Parson was hired to fill had a reputation for being notoriously difficult to perform and had seen a tremendous amount of turnover at Morgan Stanley, Parson was a strong revenue producer and had generated a great deal of new business for the firm.
He made things that otherwise would never have happened to happen. Unfortunately, Parson was sharp tongued, impatient and often difficult to work with. He created a hostile environment around him and his resultant negative performance evaluation has put Nasr, his boss in dilemma as to whether to put him up for promotion or not.
The outcome of the decision is vital to the retention of Parson in the company. After assessing this situation and the impact of promoting Parson on the culture and values of Morgan Stanley, I recommend deferment of his promotion till the cultures of Morgan Stanley can be fully inculcated in him through training and counseling for the following reasons: To avert the possibility of Rob Parson leaving the company on the decline of his promotion, I advise his being given incentive in terms of bonus being an incremental percentage based on the number of business he brings in so as to keep him happy and inspired to work even harder pending the expiry of his probationary period or period of inculcating in him the culture and values of Morgan Stanley.Solutions to Four Harvard Business Review (HBR) Case Studies - Boise Automation Canada Ltd.
- ENSR International - Medical Equipment Inc. in Saudi Arabia - Heidi Roizen - Mike G. - Script - Business economics - Miscellaneous - Publish your bachelor's or master's thesis, dissertation, term paper or essay. Articles and case studies from Harvard Business Review [HBR] can be found in the Business Source Complete via EBSCO database..
How to find Harvard Business Review case studies in Business Source Complete via EBSCO. 1. After opening the database, click on Advanced Search. 2. Type in the title of the article or other search terms. 3. Hi, it is really tough to find Harvard case studies for free, however, you can visit Harvard Business School Case Study The case study is an elaborative one that studies the mid-day meal journey of .
ZARA Case Solution,ZARA Case Analysis, ZARA Case Study Solution, Annual Report Part 1: External Analysis Inditex with its flagship brand Zara should look to enter New Zealand market, which is still untapped by the compan Harvard Business School 26 pages.
Publication Date: March 12, Prod.
#: PDF-ENG More From Harvard Case. Find new ideas and classic advice on strategy, innovation and leadership, for global leaders from the world's best business and management experts. Find new ideas and classic advice on strategy, innovation and leadership, for global leaders from the world's best business and management experts.