Describe How Netflix Was Able to Adjust Their Core Competencies

question 22

Essay

Describe how Netflix was able to adjust their core competencies in order to enhance their competitiveness versus Blockbuster, which ultimately failed. Give another example of a company that has pivoted in order to remain competitive while one or more of its competitors failed.

Comprehend media ownership structures and their implications for content diversity and competition.

Identify the components of media infrastructure, including content, services, and "pipes".

Analyze the strategies used by media companies to attract and retain audiences in a digital age.

Distinguish between horizontal and vertical integration within media companies and their strategic motivations.

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Definitions:

Fundamental Human Values

Core beliefs and principles that are widely regarded as the basis for ethical behavior and decision making.

Adamant Resolve

A firm determination or unwavering commitment to a course of action.

Friendliness

The quality of being amiable and approachable, often characterized by a positive and warm demeanor towards others.

Abraham Lincoln

The 16th President of the United States, known for leading the country during the Civil War and abolishing slavery.