Which of the Following Accurately Describes How Netflix Used Innovation

question 33

Multiple Choice

Which of the following accurately describes how Netflix used innovation to gain a competitive advantage?

• A) Netflix moved from content development to upgrading its data analytics to provide faster online streaming.
• B) Netflix applied big data analytics to its user preferences to provide highly personalized viewing recommendations.
• C) Netflix moved from online streaming to online DVD rentals via the Internet.
• D) Netflix applied first mover advantages to lock up talent needed to produce original content for DVD rentals and online streaming.

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Definitions:

Individualism

An approach in social thinking that values the independence of individuals more than the dominion of collective institutions or government.

Personal Freedom

The ability of an individual to make choices and act upon them independently, without undue influence or restraint from external forces.

Collectivist Cultures

Societies that prioritize the group over individual interests, emphasizing interdependence, cooperation, and social harmony.

Modesty

Modesty is the quality of being unassuming or moderate in the estimation of one's abilities and achievements.