For my discussion paper, I am discussing the movie “Other People's Money”. The movie starts slow giving us a great context of Lawrence Garfield's aspect of the business, being an investor. Lawrence Garfield is known as a “liquidator” as most would describe him in the movie and is solely focused on raiding out companies and selling their products off piece by piece. In every part of the movie Lawrence and kate (Lawyer for Cable and Wire) go back and forth, Kate tries to find reasoning with Lawrence showing him it is wrong to put innocent individuals out of work. Andrew Jorgenson who is the owner of the company at stake stays convinced that the company will remain stable in the hands of his own, telling Kate that he will keep the whole situation under control. In the mists of all this, Kate and Lawrence develop a love for each other which Kate is only aware of from the beginning. Lawrence continues throughout the movie attempting to win the girl of his dreams over but later on decides that business is still more important regardless of the love he has for Kate. Finally, Lawrence and his firm manage to win over the company with more votes. This would allow the stockholders to make more money off of the company at risk. After Lawrence gains possession of the company he receives a call from Kate asking to return the company to its employers and he will gain a share of the new product that is being produced, that being airbags.
My reasoning behind this movie being interesting is that entrepreneurs are a different breed, constantly looking for the next best thing or in other words sometimes jumping ahead of the competition just like Lawrence did in the movie. Although Kate who is the lawyer for New England Cable and Wire is not another Entrepreneur, this is a perfect example of how Entrepreneurs operate. It may also seem unethical to the individuals he is trying to outvote in this particular situation but it is strictly business. Companies come and go, stockholders will always invest regardless of whether they think it is right or not, their goal is to make money. Entrepreneurs help companies figure out new ways to do things and sometimes even cheaper ways to do things, like using different types of materials or producing items in a completely different manner in which the establishment might make more money in the long run.
Even though most of society doesn't realize it, Lawrence Garfield is the one making more of a difference in the economy, surprisingly it also ends up being more beneficial for the community. Most of the community has a hard time realizing the sacrifices some franchises have to make even if they are for the better. Just like we discussed in class, One company may have to fail for another company to be successful, and so on. One entrepreneur may lose all of their investments due to another entrepreneur seizing the opportunity quicker than they were able. This affects society greatly, the market is frequently changing and resources remain scarce no matter the constant goal. It is how we apply or allocate these resources to make all the difference. There will always be a better alternative to something no matter the item or business, people are constantly changing and therefore constantly thinking of new ideas throughout their lifetime. Society is constantly adjusting, sometimes without even realizing it which makes these changes almost irrelevant.
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