The Boiler Room

The Boiler Room

The movie The Boiler room is about a young man who has dropped out of Queens College and wants to please his father, who is a federal judge who is extremely harsh. At his father's persistence, Seth Davis closes down a casino he operated in his house for college students and seeks a new job. Thinking he would be pleasing his father he takes a job at a small brokerage firm called JT Marlin. At JT Marlin trainees make cold calls to lists of well-paid men, and then apply high-pressure tactic to sell initial public offerings exclusive to the firm. Seth is terrific at sales and once his training is over, the pay is phenomenal, and Seth is very curious to why. Curiosity leads him to many ethical dilemmas and encounters with the FBI. The major theme in the movie is whether or not Seth should whistle blow on his company or wait to get caught.

In the movie there are many issues in this movie that relate to management. Management is getting things done through people. JT Marlin showed good and bad forms of management. They managed to get work done through organization, planning and controlling. They also had different levels of positions in the company to help getting work done efficiently. These job positions were interns, secretaries, brokers, and the head of the company.

Good management was shown in many ways through out the movie. JT Marlin had very good planning skills. JT Marlins Corporation planned what to do and how to keep contact with their investors if the FBI would catch them. They also were very motivating to their employees, which helped their employees work harder, so that they could achieve expensive cars, homes, and millions of dollars. Bad management was shown when the employees were extremely disrespectful to one another. They also never demonstrated good skills when a problem came about.

Presenting your self is one thing JT Marlin really stressed. They emphasized that looking sharp and successful was key to achieving business goals and making money. In the movie the character played by Ben Affleck did a speech on acting as if. He told each employee to act as if they were head of the company act as successful as you want to be and that's what they would be come.

Planning is a very important part of management. JT Marlin had great plans to escape the FBI, make the sales, answer questions, what stocks to sell, and how to make their first million dollars in three years. Organization was what made JT Marlin so successful in the business world. Each employee had his or her jobs to do so that the business could go about productively. An example of this what at night when one employee would destroy all the paper work so that the FBI would not catch them. The whole movie was filled with organized Schemes and crime.

Controlling is setting standards and monitoring. Monitoring was shown poorly in the firm. The employees were not trusted and were constantly being watched by the group leaders. Setting Standards was demonstrated very well in the movie. Setting Standards involved what you want to accomplish and how to get it done. Since JT Marlin had a very high work ethic they were able to accomplish a lot. They never settled for average, they wanted to be above and beyond the average brokerage firm.

A major factor for JT Marlin was their environments. External environments consisted of any factors the company could not control. These external environments affected how much money the firm made which was a huge concern for the brokers as well. The internal environments were controlled very well. They were able to decide what was said to customers, what stocks were sold, how employees dressed, and all of their expenses.

Decision making style reflects the combination of how an individual perceives and responds to information. . In the movie the head of the company had to chose what stocks to sell, the group leaders had to decide who to hire, and each individual broker and to decide which pitch to sell to the investors. Another large decision was to not to inform employees that they were involved in illegal schemes. These decisions were crucial in their business because it is what keeps any business going.

JT Marlin's firm demonstrated many kinds of management skills. Conceptual is what the organization is about and how it functions as a whole. The Boiler Room consists of stockbrokers, the stocks itself, and the people that buy and sell the stocks. All of these components are what makes the organization conceptual. Human Relations is working together in groups together. This is shown throughout the whole