Blog: Mgmt611 / HRM611 Assignment No. 1 solution

Semester “Fall 2010”

“Human Relations (MGMT611)”

Assignment No. 01 Marks: 15

“Assignment Title”

Case study

Wayne Huizenga: Entrepreneur

Wayne Huizenga was called the leading American entrepreneur by Success Magazine. Wayne

started his business career working for a waste removal company. Before long, he started his own company and later merged with another waste disposal company to form WMX Technologies, which grew to become the largest waste-hauling business in the world. 

Wayne Huizenga is a best known for building companies and making deals. In addition to WMX, he started Blockbuster Entertainment with the idea of developing a McDonald’s of videos with the policy of not renting or selling pornographic videos. He later sold Blockbuster to Viacom in a stock swap valued at $8.4 billion. Speaking bluntly, as usual, he told shareholders he would leave the company because he cannot tolerate working for anyone else; he leads or leaves.

Wayne Huizenga also acquired Republic Services and is a dominant player in three industries: electronic security, superstore chains of used-cars dealerships, an waste disposal. He also owns the Miami Dolphins, Florida Panthers, and Florida Marlins professional sports teams.

Huizenga is highly disciplined, hard driving, and hard working; his workday usually begins

at4:00 A.M. He enjoys giving advice and solving problems. His basic approach to growing the business is to gather his key people and discuss ideas for expansion and possible deals. Wayne presents his ideas to the key people so they can point out weaknesses and give him ideas for improving his proposals. When making deals, he talks in a relaxed, calm, chummy manner relating to the other party, and he makes an effort to be clearly understood. At age 58, Huizega’s net worth had grown to over $1 billion, and he had no intentions of slowing down.

Nova Southeastern University honors him with its Wayne Huizenga Graduate School of Business and Entrepreneurship in Davie, Florida. Support your answer to the following questions with specific information from the case and text.

1) Wayne Huizenga’s personality falls in which of the following type of personality?

a. Type A

b. Type B

Support your argument with evidences from the case study.

2) Would you say Huizenga has a positive attitude or negative attitude related to his work?

3) Do you believe it would be stressful to work for Huizenga?

Important Tips

1. This Assignment can be best attempted from the knowledge acquired after watching video lecture no. 1 to lecture no 10 and reading handouts as well as recommended text book).

2. Video lectures can be downloaded for free from Online VU Lectures.

Schedule

Opening Date and Time October 28 , 2010 At 12:01 A.M. (Mid-Night)

Due Date and Time November 02 , 2010 At 11:59 P.M. (Mid-Night)

Note: Only in the case of Assignment, 24 Hrs extra / grace period after the above mentioned due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Important Instructions:

Please read the following instructions carefully before attempting the assignment solution.

Deadline:

• Make sure that you upload the solution file before the due date. No assignment will be accepted through e-mail once the solution has been uploaded by the instructor.

Formatting guidelines:

• Use the font style “Times New Roman” and font size “12”.

• It is advised to compose your document in MS-Word 2003.

• Use black and blue font colors only.

Solution guidelines:

• Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various website containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html

• Every student will work individually and has to write in the form of an analytical assignment.

• Give the answer according to question, there will be negative marking for irrelevant material.

• For acquiring the relevant knowledge don’t rely only on handouts but watch the video lectures and use other reference books also.

Rules for Marking

Please note that your assignment will not be graded or graded as Zero (0) if:

• It has been submitted after due date

• The file you uploaded does not open or is corrupt

• It is in any format other than .doc (MS. Word)

• It is cheated or copied from other students, internet, books, journals etc…

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Student’s suggested Answers.

1.1 Question-1.

1.1.1 He is A Type. Reasons are as appended below:

1.1.1.1 He is Business type

1.1.1.2 He is Very Hard working

1.1.1.3 He does not like working under any one. Leads or leaves.

1.1.1.4 He is know to be the best companies builder 

1.1.1.5 Speaks blunt 

1.1.1.6 Very disciplined

1.1.1.7 Drives hard

1.1.1.8 Works for long timings

1.1.1.9 However he possesses some qualities of Type B as well, that includes relaxed and calm while discussing/ dealing with chummy manners. But overall this is called a style/ tactics to achieve the set goal. Analyzing his overall personality he would always be termed as “Type A” Personality. 


1.2 Attitude of Huizenga towards Work

1.2.1 His attitude is positive. Reasons are as following:

1.2.1.1 He works to produce results.

1.2.1.2 His tactics or way of working is excellent that is why he is the Best and achieves his goals.

1.2.1.3 A mission oriented.

1.2.1.4 Derives hard to complete the task

1.2.1.5 He presents his work and appreciates criticism in order to remove weaknesses.

1.2.1.6 He has made his team strong to work well.


1.3 Working with Huizenga

1.3.1 I would like to work for a person who has positive attitude and is hardworking himself. Reasons are as bellow:-

1.3.1.1 He works in team 

1.3.1.2 Presents to criticism

1.3.1.3 Motivated to work

1.3.1.4 Loves hard working

1.3.1.5 Appreciative working hours

1.3.1.6 He is best in business community