A New Blockbuster Image I. Point of View Harry Wayne Huizenga‚ Chairman‚ Blockbuster II. Major Problem What steps should Blockbuster Inc. take to ensure the company’s sustainability in the long run? III. Case Facts To determine Blockbuster Inc’s market position and future business strategy‚ SWOT analysis was conducted and company traits and overall environment categorized as follows: SWOT Summary |Strengths |Weaknesses | |High market share in the video rental industry |Company resources
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ANALYSIS A New Blockbuster Image POINT OF VIEW The group will take the point of view of the Chairman of Blockbuster‚ H. Wayne Huizenga. As Chairman‚ he is director‚ decision maker‚ leader‚ manager and executor of the company and thus‚ in the position to solve and decide upon the dilemmas faced by Blockbuster regarding the issues on the diversification of the company. MAJOR PROBLEM From 1985 to 1992‚ Blockbuster has managed to become a video-rental giant. But by 1993‚ Blockbuster through its
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BADM375 CASE #2 Blockbuster Fights for Survival against Intense Competition Blockbuster Company is one of the largest providers of videos‚ DVDs and video games worldwide. Blockbuster’s revenue reached $5.5 billion in 2002‚ and during the same year‚ nearly 80 % of Blockbuster’s revenues were generated in the U.S.‚ where the company has 48 million member accounts. At first Blockbuster was grown from a single video rental store to more than 8‚500 stores in the United States‚ Mexico‚ the United Kingdom
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Blockbuster LLC‚ also known as Blockbuster and previously known as Blockbuster Video Entertainment‚ Inc.‚ was established and founded in Dallas‚ Texas in 1985 by David Cook. The company was a provider of home movie and video game rental services by video rental shops‚ DVD-by-mail‚ streaming‚ video on demand and cinema theater. When Blockbuster was at its peak success‚ it comprised of nearly 60‚000 employees and over 9‚000 stores. But the company could not sustain much with the emerging competitive
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the name of Blockbuster Video came along. Once Blockbuster showed up in a town these stores had no chance of survival and ended up closing their doors shortly after‚ there was truly no one that could stop Blockbuster from beating the pulp out of the little guys. At its peak Blockbuster was operating nearly 10‚000 profitable stores around the nation and had a market value of $5 billion dollars that was until 2011 when they would file for bankruptcy (Downes‚ Nunes‚ 2013). Blockbuster may have not
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approx 500 Blockbuster Video Blockbuster used to be the behemoth of video stores with people roaming the aisles in search of a favorite movie the entire family could enjoy. It was also convenient because customers could get their favorite movie along with a wide selection of candy‚ popcorn‚ and soda pop. Blockbuster was iconic in the 90"s and early 2000’s. A phrase was even produce among customers and used for many years "it’s a blockbuster night" At its peak in 2004‚ Blockbuster had up to
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Background Blockbuster is an American based company in the business of home video rental services established in 1985. In the early years the company entered the market with a bang which was predominated by single stores. The Blockbuster business model was better than its competitors because of the following points: • Large number of copies and broad selection of movies • Conveniently located and highly visible stores • Superior customer service • Optimal pricing and lower costs due to self
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Vision and Mission It is part of the business world for companies to establish their visions and missions in order to build around them the success of the company. Blockbuster and Netflix are no exception. Starting with the first; Blockbuster’s vision statement: "At BLOCKBUSTER‚ diversity means valuing differences. It’s a corporate value that must be continually developed‚ embraced and incorporated into the way we do business." The company appealed to the diversity‚ differences‚ making the approach
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Blockbuster Analysis Abel De La Cruz Mark Koalenz Gabriela Sotelo Reece Timmermann Table of Contents SECTION 1: INTRODUCTION AND HISTORY TO DATE 4 SECTION 2: THE ENVIRONMENTAL THREAT OPPORTUNITY PROFILE (ETOP) 6 Industry Analysis 6 Competitive Analysis Error! Bookmark not defined. Netflix Error! Bookmark not defined. Movie Gallery Error! Bookmark not defined. Time Warner Error! Bookmark not defined. Hastings Error! Bookmark not defined. Customer Analysis Error
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. Brief Strengths 1. International locations 2. Can reach remote areas 3. Subscriber incentives 4. No late fee policy 5. 6. 7. 8. 9. Weaknesses 1. Not digital options 2. Takes too long for online rentals 3. No technology advancement 4. No enough kiosks 5. Too many unprofitable stores 6. Not covenant 7. Failed partnerships 8. 9. 10. Opportunities 1. Online
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