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This Guide looks at the beginnings of businesses: where ideas come from; how they are
developed; how they stall on the runway, crash on takeoff, or go soaring to the heights of
success. The Guide starts with a brief introduction, followed by close-up examination of Tucker: The Man and His Dream.
Guide opening:
So you want to be an entrepreneur? Get ready for long hours, cash-flow problems, supply
shortages, the loss of your friends and, possibly, your family. Prepare to have your idea
copied, your business practices imitated and your nights robbed of sleep. Key employees
will desert you at key moments. Stealthy competitors and their lawyers will fight you
every step of the way for market share, patent rights, money and control. Entrenched
interests will battle to keep you from getting started. Prepare to lose faith in yourself
and your idea. If you're lucky, the faith of a key family member or investor will pull you
out of despair and send your enemies flying. If they can't crush you, they'll try to buy
you out. You may even let them. People will call you impractical, crazy, a dreamer.
An excerpt from the plot summary:
Tucker: The Man and His Dream is Francis Ford Coppola's tribute to the inventor
of the Tucker automobile. The film's subject, Preston Tucker, was one of the most
flamboyant entrepreneurs of the 20th century. Coppola's film deals with Tucker's attempt
to build an innovative and futuristic automobile, characterized by safety features Detroit
held back for another 40 years. Tucker's automotive enterprise was ill fated and nearly
landed him in jail. Tucker himself was a man of mixed talents and often tested the line
between genius and confidence artist. In a series of short takes, the Guide looks at
Tucker's strengths and weaknesses.
Summary of the commentary:
Okay. You've seen the movie, heard Tucker's impassioned closing speech to the jury, been
inspired by his idea for small refrigerators, and you're thinking about that little
invention you once tinkered with in your garage. Tucker's infectious enthusiasm has
inspired you to tap your own entrepreneurial talents and be your own boss. Don't (repeat, do not) use Tucker: A Man and His Dream as your textbook for
entrepreneurship. While movies often inspire, they seldom inform in ways that are
applicable in the rough and tumble world of real business. Let's look at some key
entrepreneurial pitfalls that Tucker can help you avoid.
First, there's the question of corporate structure and personnel selection. While you need
the active moral support of friends and family, you will also need financial and
professional assistance from proven rainmakers. Throughout the film, Tucker's most
pressing need is money. More than anything else, he needs a money-raiser. Enter Abe
Karatz. We don't know where or how Tucker found Karatz, but clearly he did not spend much
effort on screening the former convict's background. Karatz knows how to raise money
directly from the public, but his methods are questionable and require the company to
answer legal challenges when it needs to be building cars. In the movie, we love old Abe.
(The Motion Picture Academy loved him so much it gave Martin Landau an Oscar for
supporting actor - but you want to market a product, not win an Oscar!) Karatz does
provide Tucker with sound advice on the need for proven management as a prerequisite for
raising cash. Unfortunately, the proven manager Tucker selects - the cryptic Bennington
- is wrong for the job. Bennington might have been a good candidate for the top job at an
established company. He has a track record as maintainer, but he lacks the key credential
for a startup company: success with previous startups. It is one thing to preside over an
established corporation with long lines of credit, market position and powerful alliances;
but it is quite another to raise money from scratch, challenge existing institutions and
work with a small staff while betting on the come.
The commentary is supplemented by BREAKOUT BOXES on these topics:
 |
Parts are Where You Find Them |
 |
Alex Tremulis: The Real Story |
 |
Tucker's Defense |

THE GUIDE also includes an essay that looks at business as depicted in
the movies. For an introductory section on how to use the Management Goes to
the Movies program, click through to Using The MGTTM Training Program.
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