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Netflix vs Blockbuster

4. Do you think Blockbuster will succeed in the future? Explain your answer. I do not feel that Blockbuster will succeed in the future if they continue following their new business model. First, they lost so much money with their “No More Late Fees” campaign, and if they continue this, they cannot succeed because of all the lost revenue. Also, with the Netflix lawsuit, they will lose not only money for lawyer’s fees and such, but also their patent rights to the business model. This costs more money and gives the public the image that Blockbuster steals other business’s ideas. Lastly, while the online service works for Netflix, it has not worked for Blockbuster. They are still losing money, more…

Building loyalty in video rental

The video rental market is essentially flat, with few seasonal peaks apart from the Easter holidays. Demand-drivers tend to cancel each other out – with good weather in the summer (bad for video) being compensated for by the presence of children on school holidays (good). It is also volatile – consumers are likely to dip in and out of the market, with little indication as to why. This all makes it difficult for video rental companies to predict and manage demand. Because of this, rental chain Blockbuster has implemented a data-driven direct marketing programme, Premier, to make the switch away from generic, new release-led marketing, to customer-focused promotions. These aim to find, and hang on to, its top renters, driving…

Blockbuster Competitors

Blockbuster has went bankrupt in US people in the industry keep saying that DVD-rental company just lost a competition to NetFlix. Who came into market with better business model of flat-fee unlimited rentals without due dates, late fees, shipping or handling fees, or per title rental fees. Netflix is still on top of DVD-rental business in US and in October 2011 it announced it was announced that Netflix would be launching in the UK and Ireland in early 2012. Netflix was officially launched as a streaming-only service in the United Kingdom and Ireland on January 9, 2012. On August 20, 2012 Netflix announced it had reached the one million member milestone in the UK and Ireland. While Netflix is expanding…

Broadway Entertainment Co., Inc. Case Question Solutions

1. Review the data flow diagrams you developed for questions in the BEC case at the end of Chapter 5 (or diagrams given to you by your instructor.) Study the data flows and data stores on these diagrams and decide if you agree with the team’s conclusion that there are only the six entity types listed in this case and in BEC Figure 6-1. If you disagree, define additional entity types, explain why they are necessary, and modify BEC Figure 6-1. The six entity types in BEC Figure 1 are the only ones needed to represent the MyBroadway system. However, depending on what data about Customers and Employees are required, entities for these objects may also be required. 2. Again,…

Business Law

In this question, after the completion of the MRT train station, the owner of a building is attempting to raise the promised discounted rental fees back to the normal rate, as well as recover the accumulated discounted amount for the 3 years which he had promised Roy and other tenants, in order to deter them from moving out. So in essence, I will be discussing whether or not the owner is allowed to raise the rent back to the original amount, and also whether or not he can recover the accumulated discounted amount. Whether or not the owner of the building can do this, we will look at a principle called Promissory Estopple. Promissory Estopple refers to when a party…

Video System

1. The description the requirement of the video system is as below. A video store system runs a series of fairly standard video stores. Before a video can be put on the shelf, it must be cataloged and entered into the video database. Every customer must have a valid customer card in order to rent a video. A customer rents the video for three days at a time. Every time a customer rents a video, the system must ensure that they do not have any overdue videos. If so, the overdue videos must be returned and an overdue fee must be paid before the customer can rent more videos. Likewise, if the customer has returned overdue videos, but has not…

An Organizational Failure: Blockbuster

1. Describe and discuss how the organization’s culture facilitated the failure. Philips (2011) believes that success or failure of any great company depends on “Events, internal and external” (p. 3). Blockbuster also appears to be a victim of certain events at internal as well as external level. Based in McKinney, Texas, Blockbuster and founded in 1985 (Blockbuster Corporate, 2012) and it ushered in a new era as far as video rental retail industry was concerned. The company gave birth to video rental places that had significant amount of movies under one roof (the first store had 8,000 movies) and were not associated with bad movies or bad neighborhoods (Greenberg, 2008). Initially, the company’s strategy was to expand aggressively and the…

Landlord Tenant Relationship

Understanding landlord and tenant rights and responsibilities is critical for a successful relationship between two parties, whether in a residential or commercial environment. Both the landlord and the tenant have specific rights and also specific responsibilities. To understand the landlord – tenant relationship one must first understand the roles of each party and understand how the relationship is defined. The landlord, or lessor, is the owner of real property who willingly gives up his right to possess the property in exchange for a monetary gain. The tenant, or lessee, agrees to pay the landlord for use of the property. The lease is the actual document that lists the rights and duties of the two parties. It is the actual agreement…

Princess Regional Trucking Company

Princess Regional Trucking Company has been approached by a client with an opportunity that would require 120 trailers which is about 20 more than we currently own. We are not sure how long the relationship with this customer will last but this deal has the potential for considerable growth. I have a great deal of information for you regarding lease options that Princess Regional Trucking Company may want to consider before going forward with this deal. The first type of lease to consider is the direct financing lease. This lease is used by lessors in capital leases if the collections of minimum lease payments are guaranteed and the amounts of unrefundable costs are known in advance. In this type of…

Rent-a-Ride

Description of Business. The business which I have chosen to open is a car rental by the name “Rent-a-Ride ”. This is a sole trader type business which focuses on providing quality cars at a very affordable rate. My target market will be people within the community. My business will employ three full time employees to rent and maintain the cars and operate the business as otherwise needed. Articles of incorporation were attained as to allow the vehicles used to obtain specialized rental insurance. This business will be operated between the hours of 6am and 10pm. Rent a Ride is very useful as it supplies people with the opportunity to access vehicles whenever needed. Justification of location. This business is…

Tax Research Memo

You, Peter Sleiman, entered into a lease agreement with Blockbuster Video, Inc. Your lease stipulated that you purchase land, build a video rental store, and lease it to Blockbuster. You then set up an S Corporation, REE, Inc. and assigned the lease to REE. REE then obtained bank loans of approximately $1 million by pledging the property the S Corporation had purchased as collateral. Mr. Sleiman, you personally guaranteed the loans, however the bank did not contact you for repayment. Analysis Is Mr. Sleiman eligible for a $1 million step-up in basis for the guaranteed loans? Mr. Sleiman is NOT eligible for a $1 million step up in basis because of the personal guarantee on the loans. Mr. Sleiman is…

My apartment

When I was younger, I fantasized about how wonderful life would be when I moved into my own apartment. Now I’m a bit older and wiser, and my dreams have turned into nightmares. My apartment has given me nothing but headaches. From the day, I signed the lease; I’ve had to deal with an uncooperative landlord, an incompetent janitor, and inconsiderate neighbors. First of all, my landlord has been uncooperative since the first day I came to that apartment. As promised, I arrived there at 3 p.m. sharp but he leisurely came there one hour late with depressed looking faces. Then he immediately started to give tour in the apartment and explained a little bit about the rent. After that,…

What Would You Do?

As the president of the board of directors of the cat shelter, I am faced with rather or not Ms. Della should remain as part of the staff at the cat shelter. There are several problems that have been brought to my attention and I feel that now is the time to figure out exactly what should be done regarding the matter. After, evaluating the situation and giving it a great deal of consideration, I have come up several solutions to the problem. One of the easier solutions would be to just let Della go. I have considered retraining Della as manager of the cat shelter, or having a sit down with Ms. Della and asking her how she thinks…

Failure Analysis Strategy Change

Movies have always been a past time enjoyed by many. As the technology continues to grow, many video stores are going out of business and digital or online movies are rising in popularity. Blockbuster Video and Netflix are businesses that have been affected by these changes. Blockbuster opened in 1985 with the mission statement of “Our corporate mission is to provide our customers with the most convenient access to media entertainment, including movie and game entertainment delivered through multiple distribution channels such as our stores, by mail, vending and kiosks, online and at home. We believe Blockbuster offers customers a value-prices entertainment experience, combining the broad product depth of a specialty retailer with local neighborhood convenience” (Farfan, 2010). Blockbuster continued…

Netflix Analysis

Summary According to Boogren (2013), the video rental industry has changed in the past decade due to the development of IT technology. Customers have more opportunities to choose different ways to catch the TV programs, movies or shows if they want, it could be from a traditional way like brick-and-mortar stores such as Blockbuster, an online service provider such as Netflix, or a modern channel like TV cable companies. Consider of all, this paper will be separate to the following parts: Implementation of Porter’s five forces in U.S video rental industry; Implementation of Porter’s Value Chains in Netflix; IT techniques and applications applied in Netflix; Netflix’s Strengths and Problems; Recommendation and conclusion. Implementation of Porter’s Five Forces in U.S Video…

Craddock Cup Case

In order to decide whether or not to keep the Craddock Cup, we needed to classify the expenses as either fixed and sunk or variable, fixed and sunk costs are not relevant so they are not included in the revised statement. Exhibit A shows an income statement that is revised in this manner (under the revised column). The first expense we found not relevant is the city field rental. We found that this expense is fixed, where $1,200 is allocated to this weekend, a cost that the Craddock Cup cannot avoid if decided to not keep the cup this year. Rivaldo’s salary is also a fixed cost because even if the tournament were called off, Rivaldo would still be paid…

Netflix Case Analysis

Netflix was the first company to create an online DVD movie rental service. The service has created a new ‘movie’ market niche which has secured them a competitive ‘first-mover’ advantage in this new ‘high-tech’ venture. The popularity of the service has sparked the interest of market competitor Blockbuster who may become a growing threat to Netflix should they enter the online movie rental market (Perreault, 2004). Netflix was founded by Reed Hastings, Netflix was incorporated on August 29, 1997 and began operations on April 14, 1998. Netflix began operations with an online version of a more traditional pay-per-rental model which included financial penalties for late returns (US$4 per rental plus US$2 in postage). It did not introduce the monthly subscription…

Accountabliliy and loss of CAC card

Accountablitly and how it has a roll in the Army. One type of accountability is personal item accountability for instance your wallet and ID. As a PFC and in the Army for almost 2 years i know how important accountablitly of personal items are and expecally possible security risk items. According to AR735-5 Army property is considered as follows; Army property is all property under the control of the Department of the Army (DA) except property accounted for as owned by a nonappropriated fund (NAF) activity. It must be accounted for on a property account unless specificallyexempted by an AR. Property leased by an Army activity is considered Army property for accounting purposes. Property loaned to a non-Army activity remains…

Enterprise Rent-a-Car

SWOT With Enterprise, the customer always comes first. This is a major strength that the company has capitalized on in order to separate itself from the competition. Their “We’ll pick you up!” slogan is the primary focus of the company’s customer service aspect. After the customers, the focus is on employees. Good customer service comes from only the best employees and Enterprise wants all of their employees to be happy with their jobs. By offering a sense of ownership and incentives to advance within the company, Enterprise employees are often very satisfied with their positions. Enterprise is the largest car rental company with the largest fleet and the most rental locations. Because of this, they are easily accessible all over…

Marketing Mix – 4Ps of Marketing Mix

Marketing mix can be describes as “the use and specification of the 4 Ps describing the strategic position of a product in the marketplace… A prominent person to take centre stage was E. Jerome McCarthy in 1960; he proposed a four-P classification which was popularized. (wikipedia.com)” The marketing mix approach to marketing is a model of creating and implementing market strategies. The marketing mix stresses the mixing of different factors in a way that both organizational and consumer or target markets objectives are attained. The 4 Ps of marketing are Product, Place, Promotion and Price. Each plays a key factor in the overall successful marketing of a product or service. Product”Although this typically refers to a physical product, it has…

Case Study: NetFlix.com, Inc

SUMMARY: NetFlix.com, the world’s largest online DVD rental company, was founded by Reed Hastings and Marc Randolph in 1997, and is headquartered in Los Gatos, California. The company started its online DVD rental business by launching Netflix.com, offering pay-per-DVD rental services by delivering DVDs via mail. As the company prospered during late 1999, Netflix replaced its pay-per-DVD revenue model with a fixed monthly fee system that allowed customers to rent up to 4 DVDs per month with no due dates or late fees. In February 2000, it launched a new plan, where, with a monthly fee of $19.95 instead of its previous $15.95, subscribers were able to have up to 4 DVDs in their possession at one time. The website…

Current Events in Business Research

INTRODUCTION There are six basic stages to the research process. Stage 1 is clarifying the research question. This would be the process in identifying the problem that is prompting the research. Stage 2 is proposing research, which would be the act of identifying the resources necessary to do the research. The third stage is designing the research project, or deciding which method to use to gather the information. Stage 4 involves data collection and preparation, which is gathering the data and making it ready to be evaluated. Stage 5 would be the data analysis and interpretation stage. Stage 5 is defining what the data is saying about the problem. The final stage, stage 6 is reporting the results. This is…

Statement of Work for Wild Wood Apartments

History: Wild Woods Apartments is a property management company. They own around 20 different building, each of which is composed of anywhere from 10-60 different units. Each building has a lot of information to maintain such as occupancy, leases, payments and maintenance requests and expenses. This is expected to be done by the manger on site and then they are to send a report to cooperate every quarter. Every quarter, cooperates receives the information form all 20 sites and has to then manage that. Doing all of this paper work and managing by hand or even in spreadsheets is very inefficient and wastes time. Creating a database that can record and organize all of this pertinent information would help both…