BlockBuster (Streaming service). Business & Marketing Essay

Student Name
Course
Instructor
Date
Analysis of the Blockbuster Company
Part A
The company that forms the basis of the assignment is Blockbuster LLC. It is an American-based organization that provides a wide range of services including home movies and video game rental services, Cinema Theater and streaming among others (DeGeorge 345). Blockbuster was a reputable and renowned company in the early 2000s. It had over 80000 employees worldwide serving in various capacities in an estimated 9000 stores. However, increased competition from players such as Netflix and poor leadership contributed significantly to its demise. Despite majority of its outlets shutting down, Blockbuster is not entirely extinct. There is one store that remains open in Bend, Oregon that is widely known as the Last Blockbuster (Blockbuster.com n.p). The company is currently heavily involved in the provision of streaming services including Blockbuster at Home and Blockbuster on demand packages. The advantage the company has over competitors stems from its low prices and strong global brand because it has been around for a longer time.
Part B
Strengths
* It offers fixed and low prices.
* It provides its products and services globally.
* It is renowned for the provision of quality products and services.
* It provides various packages for its streaming services.
* The company has a strong website that enhances shopability, navigation and reviews.
* Strong brand equity and awareness.
* Robust domestic market.

Weaknesses
* It faces challenges in convincing older generation to embrace streaming of movies instead of purchasing hard copies.
* Ineffective inventory management.
* Lack of critical talent to help the company penetrate the online streaming market.
* Poor organizational culture characterized by bureaucratic managers.

Opportunities
* Growth and development of e-commerce business models that promote online payments for streaming services.
* Growth of social media oriented business models will help the company to target a large number of customers and at reduced costs.
* Globalization and growth of international markets provide the company with the chance to diversify risk and increase its market share.
* Reducing cost of market entry to international markets.
* Increasing accessibility to the internet also promotes the company’s streaming service.
* Evolving customer preferences provide the company with the chance ...