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The wolf of wall street book analysis
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Wolf of Wall-Street is based on a true story; a movie which contains massive amount of inappropriate content, but most of all, the movie resembled a modern business environment which strives towards success thanks to great management such as International Capital, access to technology and great ethics. All the key features towards a success full business in a competitive environment
The movie begins with a young man named; Jordan Belfort, who secured a position in Wall-Street as a stocks broker, making money by selling and recommending stocks to the shareholders. However, one day the stock market crashed and to no one surprise, Jordan got fired. He started to look for a job and latter on, he secured a similar job, selling penny stocks, hard to sell, however you get 50% commission fees. As time went by, Jordan became good at what he did and decided that he could run the business himself. One of the first people he recruited was Donne Azoff, who was a good salesman and someone who wants to strive in life. Jordan then recruited some close friends, they were all good salesman, the never had any experience in the stock market, but Jordan was determined to teach them all about the new market and make them all wealth. As the team grew bigger, they’ve seen great retunes and a lot of profit. Collective Brain power and great knowledge of the business made Jordan Belfort a very successful CEO. One of the most significant quotes in the movie was: “never let the investor roll-out with the money after a hit investment, instead keep him preoccupied with new sales, while the broker makes off with the commission”. This tactic has made not only Jordan rich, but everyone who was working for him at that time. Jordan has provi...
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...ot better then you are at making money. In the movie Jordan wasn’t very pleased with the work ethics he say at the office which sold penny stocks, everyone was laid back and there was barely any productivity going on, which was one of the reasons he wanted to start his own company.
Wolf of Wall-Street is a great movie which displays management the way it is supposed to be because in that movie, the three key components for good management were making the business strive and succeed against its competition. International Capital made it easy for the business to make reliable decisions, technology made everything faster and ethics have made the environment a lot better for the people working for Jordan. A successful business is a place where people work hard, use its reassures correctly and have a great time doing what the do best and that it make money.
Huge technological improvements and scientific breakthroughs have paved the way for larger, more stable and profitable financial markets. Fast and easy money was to be made by playing the booming stock market - many laymen took advantage of these opportunities without having a complete understanding of what exactly they were doing. This inevitably led to the crash that sent America and the world into the Great Depression. In the movie we see the first stages of the panic that spread throughout the country. People got scared and ran to the bank to take out their life savings.
In conclusion, Jordon Belfort has had a major influence on today’s world. Belfort changed the way that people today see Wall Street and the world of stockbrokers. He lived at the top of the food chain but fell back to being “pond scum” (“The Wolf”). He even proved to all that a successful life isn't always the most perfect. Belfort served his time and is even a motivational speaker now. Now, Belfort is an example of how drastically one’s life can change within minutes, days, months, or
“Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge, has marked the upward surge of mankind and greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A.” This quote, said by Gordon Gekko in the 1987 blockbuster hit Wall Street, perfectly displays how the society today has been overcome by greed and materialism. In this quote Gordon Gekko explains how greed is what makes mankind and the “manufacturing corporation called the U.S.A” work. The short story Rocking Horse Winner, by D. H. Lawrence, also exhibits the extensiveness of greed and obsession with material goods in society today; this is shown through the characters Hester, Uncle Oscar, and Paul.
The stock market is an enigma to the average individual, as they cannot fathom or predict what the stock market will do. Due to this lack of knowledge, investors typically rely on a knowledgeable individual who inspires the confidence that they can turn their investments into a profit. This trust allowed Jordan Belfort to convince individuals to buy inferior stocks with the belief that they were going to make a fortune, all while he became wealthy instead. Jordan Belfort, the self-titled “Wolf of Wall Street”, at the helm of Stratton Oakmont was investigated and subsequently indicted with twenty-two counts of securities fraud, stock manipulation, money laundering and obstruction of justice. He went to prison at the age of 36 for defrauding an estimated 100 million dollars from investors through his company (Belfort, 2009). Analyzing his history of offences, how individual and environmental factors influenced his decision-making, and why he desisted from crime following his prison sentence can be explained through rational choice theory.
Joe Clark uses many different management theories, some controversial in order to achieve his goal. The movie was set in mid 1980s, so at that time Modern Approach to Management didn't come in to being, but Joe did seem to work like the Modern Approach to Management. He used many different theories to accomplish his difficult task. Classical Management assumes that people are rational. They make logical decisions in order to maximize their gain.
The Wolf of Wall Street is based on the life and also the author, Jordan Belfort. Jordan becomes discontent with his everyday life and realizes his talent for selling. As he continuously gains more money, he begins using more drugs. Way more drugs. Jordan starts his own brokerage firm named Stratton-Oakmont. Jordan hires a staff of, well, criminals to help him sell cheap stocks. They would sell all of these cheap stocks to their customers, then Belfort would buy large amounts of these stocks, running up the price, and then dump it. Finally, Jordan begins running into a lot of legal trouble as the FBI is on to the ways his brokerage firm works. Although Belfort has the FBI watching him very closely, he continues to spend huge sums of money on things such as boats, cars, houses, strippers/hookers, and last, but certainly not least, drugs. As Jordan’s already massive drug problem continues to escalate, he has to keep a very large portion of his money in a European account to hide it from the Feds. Belfort ends up going to prison for 22 months for fraud of his
This report will analyse the leadership style of two main characters, Bud Fox and Gordon Gekko. This movie shows corporate America and the ethical behaviour in the workplace at the Wall Street. Bud Fox a smart, yound and very motivated stock broker has the desier to become the highes salesperson in his company. His main target is centered on big share trading account like Gordon Gekko. He says, “Just once I would like to be on that side” he dreaming of the day when he will be big corporate shot controlling the flow of millions of dollars like his hero Gordon.
Furthermore, he engaged the customer with an optimistic attitude and stated how the stock could affect him or her in the best way possible. Jordan could immediately hook any client into believing what he had to offer by providing the customer with the success stories others have had under his instruction.... ... middle of paper ... ... Works Cited Belfort, Jordan. The Wolf of Wall Street.
Rothman, Lily.”So, Does The Wolf Of Wall Street Glorify Greed Or Not?.” Time.Com (2014):1.Web. 18 Mar. 2014.
This movie starts off as Jordan Belfort, the main character in the movie, losing his job as a stockbroker in Wall Street. After losing his job, he goes and gets a job in a Long Island brokerage room. In the brokerage room, he sells penny stocks. Thanks to him being aggressive in his selling skills, he was able to make a profit. With the new income, he gives his wife a bracelet and she asked him why doesn’t he go after the people that can afford to lose money, not the middle-class people or lower income people. That is when he gets the idea to get a lot of young people and train them to become the best stock brokers.
In order to be so successful, it greatly helps if you are good leader/manager, especially in the eyes of the workers. Many people think of Buffett as a very successful stock picker, which he obviously is,
Before being cultivated with cocaine and hookers as the key to success in Wall Street, Jordan Belfort demonstrated the incontrovertible advantages of positive business communications. One of which pertains to the effectiveness of corresponding with customers over the telephone. Especially for stockbrokers, having a conversation over the phone is pivotal when trying to sell a stock to a potential investor. Jordan Belfort begins his process with a potential client by stating his name, where he was from, and what he had to offer. This is a method of gaining the trust of a customer that he does not know. Furthermore, he engaged the customer with an optimistic attitude and stated how the stock could affect him or her in the best way possible. By providing the customer with onl...
With the help of Madoff’s father, a retired accountant, the company attracted investors and scored an amazing client list. "Madoff Investment Securities” grew famous for its reliable annual returns of ten p...
In the twenty first century, leaders are required to build a greater impression in which people believe in strategy, trust in management decisions, and trust in their work. Once people believe in management choice, there will be enthusiasm inside an organisation. Such an environment helps the organisation growing or flourish. A doing well leaders create a surroundings in cooperation inside and outside the organisation. (Subir chowdbhury management, 21c financial times prentice hall (2000)