Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Question: WHO HELD BACK THE STONE?

In coining the phrase ‘marketing myopia' Levitt (1960) ensured his place in the marketing pantheon. By myopia he meant the short-sightedness that is characteristic of managers who become blinded by their belief in their product; their technology or their ways of doing business. While a pride in one's product, technology or formula for success is in right measure a good thing, if this is misplaced it can be seen to be the only thing that matters. This can miss that business relies on customers and customers' tastes changing. While Levitt chastized engineers, accountants and technologists, he did not mention that often marketers themselves can be blind to the emerging realities of the market place. During the 1960s executives at Columbia Records met weekly to discuss what singles to shortlist for release. At one meeting in June 1965 the single ‘Like a Rolling Stone' by a then relatively unknown singer called Bob Dylan came up for discussion. Most of those present, from among the artists and repertoire (A&R) to those working in promotions loved the fresh, raw feel of the work. Only Sales and Marketing had a different opinion.

Considine (2004) remarked ‘[unfortunately] their opinion mattered, for Sales and Marketing was the engine behind the label's success'. The main overt objection that they raised at the meeting was that the song's length, at just under six minutes, was well over the average length of three minutes for singles played on national radio. The solution they suggested was to cut it in half. Dylan refused to change it. Already, in 1963, he had failed to persuade Columbia to release ‘Talkin' John Birch Society blues'. Lieberson, president of Columbia, had things other than Dylan on his mind at the time, not least the move to Columbia's parent's, CBS's, Sixth Avenue address. In any event Columbia's vice-president of marketing had never expressed any great fondness for Dylan, who had, according to Considine, performed at one of their mammoth sales conventions but had never ‘mingled'. Considine notes that the Sales and Marketing people had other reasons for not wanting Dylan.

They had fashioned Columbia's success by marketing pop, country, jazz and musicals to the mainstream market and Dylan's style was regarded as being too close to rock ‘n' roll and too raucous. This attitude had led Columbia to turn down Elvis Presley in 1955 as well as the first US album by the Beatles in 1963. In the debacle surrounding the move to the new building Dylan's single was dealt with by memo; it was to be moved from an ‘immediate special' to an ‘unassigned release'. Considine interprets the situation as being that the single's launch had been deferred and was likely to be consigned to the dustbin of history. Columbia executives were caught up in the move to the new building, with all the hassle and heartache that entailed, including the decision as to what to retain of the memorabilia that had been collected over the years and what was not. A ‘welcoming' notice from Columbia's parent CBS had said that clutter would not be allowed in the building. Considine recalls how, during his last trek through the old A&R department, he was invited to sort through a stack of records and demos that were to be junked. In the collection he found a studio-cut acetate of ‘Like a Rolling Stone'.

Carefully he packaged this in an empty long-playing (LP) jacket, carried it home and played it in his apartment. He recalls how he felt exhilaration, ‘Heart pounding. Body rolling - followed by the neighbours banging on the walls in protest'. Considine brought the acetate to Arthur's, the hottest disco in town, where ironically Dylan, dressed in ‘beer-spattered Army-Navy store couture', and his rowdy friends previously had been refused admission. Considine was a club member and handed the acetate to the disc jockey (DJ) while deliberately omitting to mention the name of the artist. The DJ played ‘Like a Rolling Stone' at around 11.00 p.m., and, as Considine remembers, the effect was seismic as people stopped talking, jumped to their feet and danced the entire six minutes. ‘Who is it?' the DJ yelled. ‘Bob Dylan,' replied Considine. There were two important people in Arthur's that night. One was a DJ at WABC, the premier Top 40 radio station in Manhattan. The other was a music programmer at WMCA. Next morning both called Columbia Records and demanded to know where their copy of the new Dylan record was.

Within days, by 15 July, Dylan's single was scheduled for release. DJs were alerted that the promotional copy of ‘Like a Rolling Stone' was to be pressed on red vinyl. On side 1 of the disc the label read ‘Like a Rolling Stone (Part 1). Timing 3.02.' Side 2 said, ‘Part 2. Timing 3.02.' Considine notes, ‘The song had been cut down the middle. Sales and Marketing had struck again.' But DJs simply recorded both sides of the disc on tape and spliced the whole thing together, so that by the following week ‘Like a Rolling Stone' was released in its full version. From there on the record became the subject of legend, being nominated some forty years later by Rolling Stone magazine as the greatest rock ‘n' roll song of all time. Such was the power of the song that it propelled Columbia into the era of rock. Considine recalls that the previously omnipotent vice-president of sales and marketing did not lead the new era. Instead Goddard gave a lawyer with no A&R training and no ear for music the responsibility. His first task was to renew Bob Dylan's contract with Columbia. Dylan's demands exceeded those of top stars such as Andy Williams and Barbara Streisand, yet as Considine noted Dylan's demands were met.

1. Describe, using examples drawn from the case, how Columbia's sales and marketing department could be described as being myopic in Levitt's sense of the word

2. What deep seated problems underlie these instances of myopia?

3. List each problem and discuss the possibilities of addressing it.

4. How relevant is the case to the way in which the record industry operates today?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M92400131
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Management Theories

In chester barnards view an organisation can be efficient

In Chester Barnard's view, an organisation can be 'efficient' without being 'effective'. Discuss. Discuss your answer, with reference to the key relevant theoretical contributions and academic studies that were reviewed ...

Fully answer the assigned questions in narrative third

Fully answer the assigned questions in narrative, third person format. The paper consist of 1200 WORDS. Also, include at least three (3) scholarly sources in your responses. Paper must be completed in APA format. NO PLAG ...

A survey of us adults found that 69 of those who text on

A survey of U.S. adults found that 69% of those who text on cell phones receive spam or unwanted messages. You randomly select 100 U.S. adults who text on cell phones. A) Determine whether you can use a normal distributi ...

Assignmentlearning outcome recognize the impact of

Assignment Learning Outcome: Recognize the impact of organizational culture on shaping values, attitudes and behavior. Case Study: Foundations of Individual Behavior Differing Perceptions at Clarkston Industries Susan Ha ...

Discuss a leader who you would consider to be

Discuss a leader who you would consider to be transformational. Choose a leader located in the Middle East who may serve an instrumental role in Saudi Vision 2030. In your paper, respond to the following: - Determine the ...

Identify three reasons that a project can fail explore each

Identify three reasons that a project can fail, explore each of the reasons, propose a solution that will eliminate the problem and turn the initiative into a success. Use a minimum of two peer reviewed sources. The work ...

In this unit we learned about management organizational

In this unit, we learned about management, organizational structures, and open and closed systems. Write an essay in which you expand on the following topics: Describe management, organization, and leadership in relation ...

Strategic information systems assignment - literature

STRATEGIC INFORMATION SYSTEMS ASSIGNMENT - Literature Review Write a literature review of NOT more than 2000 words. The review should demonstrate that the student has thoroughly researched their topic. Students should us ...

Journal empowering your peopleinstructionsama style with

Journal: Empowering Your People Instructions: AMA Style with references! Journal entries are private between you and the instructor. In this course, journals are low stakes opportunities to submit small portions of your ...

Watch the lynda video wayne winston on analyticswrite a 4-

Watch the Lynda video, "Wayne Winston on Analytics." Write a 4- to 5-page proposal to your current or previous company's executives discussing how analytics can be used in your company to improve sales through your retai ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As