Hollywood has been one of the most successful American industries for the past 102 years since the founding of Universal Pictures. In comparison to other countries’ movie making industries, Hollywood has gained a lot more reputation and profit from its films.
There are several factors leading to Hollywood’s success. One of which is the organizational culture of creativity that can be found in their studio teams. This allows its films to be unique and creative, which is why Hollywood films are so popular and well known throughout the world. This also ensures teamwork within the industry, leading to a high level of quality in the studio. However, Mark Young argues that the motivation of hard work is caused by the instability of the job, so the workers would have to take every chance to gain recognition. In my opinion, the integration of both complement and threat is what keeps the workers concentrated and motivated to work with great productivity.
Another reason for the success of Hollywood is its ability to adapt to the changes in the environment. For the past 102 years, Hollywood is able to catch up with the change in technology and culture of the world. For example, even with the existence of television and internet, it is still able to attract customers and improve the quality of work keeping up with the technology. Also, noticing the risk of unpopular films, in the recent years Hollywood had been increasing “franchise” films with comics and books, and relying more on outside financing. As things are never predicable, it is very important that a firm can deal with any unexpected changes.