Introduction
The motion picture “Tucker: The Man and His Dream” illuminates crucial market and organizational principles. The movie chronicles the difficulties and lives of businessman Preston Tucker and highlights the essential qualities a successful business entrepreneur must have. Furthermore, it displays the corporate components of the business world, such as fraud allegations and stock investing. The film emphasizes how challenging it is to enter an oligopoly sector like the automobile industry.
Entrepreneur Traits
First off, Preston Tucker epitomizes the crucial traits that a successful business owner must have. Coppola, the director of this film, states that the movie is an ode to invention and entrepreneurship, and Tucker’s story serves as a reminder of the value of following one’s passions and aspirations no matter the challenges (Lindsey, 1988). As he strove to design a visually beautiful and technologically cutting-edge car, Tucker was a visionary with a keen sense of creativity. He loved what he did and was not afraid to take chances to accomplish his objectives, even if it meant borrowing money from friends and family to start his firm. He also has exceptional marketing abilities since he can persuade people to support his cause and invest in his goal.
Challenges of Oligopoly
Second, the film shows how challenging it is to break into an oligopoly market like the auto industry. The Big Three automakers, who controlled most of the market, could restrict competition by utilizing their massive resources. For instance, because they perceived Tucker as a potential challenge to their hegemony, the Big Three used their power to stop him from getting the supplies he needed to build his car. The government was also complicit in defending the interests of the Big Three since they hesitated to issue Tucker the licenses he needed to build his car.
Business Controversies
Last but not least, the film depicts essential business aspects such as stock investments and fraud allegations. When Tucker’s company became public, he could finance his business by selling stocks and raising money. The Securities and Exchange Commission (SEC) claimed that Tucker had deceived investors by inflating the company’s financial prospects and accused the corporation of fraud. This led to a court dispute that threatened to put the business out of business and end Tucker’s goal.
Conclusion
Finally, “Tucker: The Man and His Dream” offers insightful information on crucial organizational and market principles. Through Preston Tucker’s persona, the movie illustrates the fundamental qualities a successful business entrepreneur must have. It also illustrates the challenges of breaking into an oligopoly market and the corporate sides of the business sector, such as stock investing and fraud allegations. Overall, the film serves as a warning to people who want to compete in the corporate world.
References
Lindsey, Robert (1988). Martin Landau Rolls Up in a New Vehicle. The New York Times. Web.