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  • Essay / Netflix: Swot Analysis and Effective Recommendation

    Table of ContentsStrengthsOpportunitiesRecommendationsNetflix's ultimate goal was to keep families from leaving the comfort of their homes and staying indoors to stream content from their couch or bed . A SWOT analysis will be conducted in order to generate an effective recommendation. A few key factors will be mentioned. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayStrengthsDirect access to movies, Netflix originals, and TV showsDirect download via any internet-connected sources such as smart TVs, phones, laptops, etc.Customer Loyalty WeaknessesTechnical issues switching from DVDs to online videosCompetition from pre-launch competitors such as Pay per view, Red Box, “On Demand” and channel networks like HBO , Showtime and Starz.OpportunitiesThe company offers streaming that can be streamed from several different devices. Having multiple ways to stream is a huge advantage in the streaming industry. Although the streaming industry is heavily crowded, the platform remains open to new competitors. Most competitors do not have the financial capacity to broadcast on their own, so most try to connect to existing networks to accelerate existence in the industry. Netflix CEO Reed Hastings invented the world's best internet service. His invention kept the number 1 for a while and that's what he wanted. Over the years, the company has gained more than 62 million subscribers worldwide and has an average of 36% of households subscribing to Netflix. The streaming world hasn't reached its peak yet, but one can imagine how many millions more households will subscribe. Who will benefit the most from streaming? The increase will depend solely on the separation of major cable TV subscriptions. Becoming number one and staying number one is the main goal. Winning over a wider audience and providing them with what they want and when they want it is crucial and has led to a competitive war. Just when Netflix thought the blockbuster was gone after filing for bankruptcy, it managed to reinvest $500 million against them. Meanwhile, Netflix has taken the initiative to use a defense tactic. This defense strategy helps subscribers easily use the tools from home. This strategy helps reduce overhead across key networks and channels. The competing red box can offer DVDs but not in the same way as Netflix. Red Box still requires you to leave your home, when Netflix offers DVDs by mail as well as online. Netflix's biggest advantage over its competitors. The subscriber simply logs into the device where Netflix is ​​located and clicks on the video they want to watch. Netflix has also collaborated with other companies that create and sell devices that have Netflix installed (smart TVs). These strengths are key advantages over other competitors.Keep in mind: This is just a sample.Get a personalized article from our expert writers now.Get a personalized essayRecommendationsAs a recommendation, Netflix should overall focus on video streaming. Using the Focus strategy to reduce competitive scope can be very useful and could gradually eliminate other competitors. Recognizing the existence of a problem is one of the first steps in decision-making and allows Netflix to provide solid solutions. By obtaining advanced technology, we develop new.