The Hollywood Business Model & Leadership
Leadership in the workplace is changing rapidly. Business methods and management practices of the past are quickly becoming obsolete in our hyper-connected age. Models of thinking, managing and leading will encounter even more disturbances as workforces shift into new technologies and cultures.
Specifically, there is a rise in contract employees today. According to an article by Fast Company that highlighted a study by the Freelancer’s Union, “One in every three Americans is a freelancer of some sort… [and] expect this figure will increase to 50% by 2020.”
So how will this affect leaders? With traditional work roles quickly being left behind, there needs to be an effective way to manage a large group of contractors. Fortunately, a model already exists: The Hollywood Model.
The Hollywood Model in essence applies the business method for how modern movies are made. You create a large team that temporarily works on a project and the timeline depends on the scope and budget of the work. Inc.com’s recent article gets into the specifics about how the “Hollywood Model” can be applied to business today.