Question

Netflix is an internet television network that currently boasts the worldâs largest paying membership (Source: 2015 Netflix investor relations overview, Netflix website). The company was founded in 1997 and its early years were focused on subscription services mailing loaned DVDs to subscribers. Today, however, Netflix has reallocated resources of the organization in significant ways. For example, according to Netflixâs "long-term view" statement to investors, the company plans to spend $3 billion in content development for its members in 2015. Indeed, Netflix has already won major awards for shows like House of Cards, aired only by Netflix. As this example illustrates, companies like Netflix must engage in to remain relevant and competitive in the ever-changing environment of technology advancements, social trends, and legal regulations.

Answer 1

Answer:

As this example illustrates, companies like Netflix must engage in ONGOING STRATEGIC PLANNING to remain relevant and competitive in the ever-changing environment of technology advancements, social trends, and legal regulations.

Explanation:

When a company develops a strategic plan, management is setting the business direction of the company. This means setting up a long term plan for the company to follow, but strategic plans cannot be fixed.

Strategic planning must always be an ongoing and fluid process, since markets are not static, nor your competitors will just sit around waiting for you to decide what to do. Your competition will constantly try to find ways to increase their market and lower yours, so you must respond accordingly.

In this case, Disney last year launched their own online service and that is going to be tough for Netflix, but if it isn't Disney, ti would be some other company.

Answer 2

Answer:

Yeah!!!!!!!!!!!!!!!!!!!