Blockbuster Business Analysis - 1092 Words

Table of contents 1 Introduction The rental movie market is a high competitive and dynamic market, dominated for several years by Blockbuster, with its pioneer business model of delivering convenience to the costumers looking for home entertainment. The company was a model for the industry during the 80’s, 90’s, but with the new age of online movies, the consumer behavior changed drastically, and other companies, as Netflix and Redbox, providing online content and innovative services, started to dominate this new market. Nowadays, Blockbuster’s business model seems to be obsolete, since the company could not keep up with the changes, almost closing the doors in 2010 when a bankruptcy process was open, the†¦show more content†¦This report will be showing below the SWOT Analysis for Blockbuster: 4.2 GAP Analysis The GAP analysis consists in a framework describing, and identifying the major changes and solutions, for what the company are pursuing to achieve with the new strategy. The chart below presents the GAP analysis for Blockbuster, considering the needs for the new business online model: 4.3 Cost-Benefit Analysis According to Wikipedia, Cost-Benefit Analysis â€Å"†¦ is a systematic process for calculating and comparing the benefits and costs of a project, decision or policy.† The main objective is to justify investments, and to provide a basis for projects comparison and analysis. For Blockbuster, the main strategic changes are related to prepare the company for the new online market, and the chart below will be presenting the main solutions/initiatives for it: 5 Conclusion This report showed that theShow MoreRelatedEnvironmental Impact Analysis: Analysis of Blockbuster Llc1128 Words   |  5 PagesBlockbuster revolutionized the video rental industry. Founded in 1985, by David Cook, the company became the leader of the video chain industry by 1988 (Wooldridge, B. R., Matulich, E., Riddick Jr., J. C. 2007; â€Å"First Blockbuster,† 2012). 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(Exhibit 2) A closer look at figures posted for the periods ending 1997 end 1996 would show a dramatic increase in revenues and its equivalent earningsRead MoreSummary of Major Risks and Factors that Blockbuster has Faced and Will Face in the Future517 Words   |  3 PagesSummary of Major Risks and Factors that Blockbuster has Faced and Will Face in the Future The purpose of this case study analysis is to summarize major risks and factors that Blockbuster has faced and will face in the future, and to recommend how Blockbuster should prepare and set their business strategies to gain competitive advantage and market share in their industry. In the early days of the establishment of Blockbuster, the CEO of their company set up a good image ofRead MoreBlockbuster Analysis : Blockbuster Llc1616 Words   |  7 Pages Blockbuster LLC Ethan Yoo HMD 307 Blockbuster LLC Introduction Blockbuster LLC first came into existence in 1985 as Blockbuster Video in Dallas, Texas. Its founder, David Cook was a computer programmer whose experience was helpful in inventory activities and in determining which genres of films were the most saleable and rentable. Soon shares in the firm were purchased by a firm called Waste Management, which then initiated the company’s expansion, believingRead More Blockbusters Place in the Current Movie Rental Market Essay1411 Words   |  6 Pagesinternet hurt Blockbusters dominance in the movie rental business and if it has what will they have to change in their business plan to regain their market shares? This case has studied the influence of new technologies for delivering movie rentals along with downloading movies directly to your television at home without a customer even getting off their couch. It also examines the impact DVD recorders are going to have on Blockbusters main products like DVD players and VCRs. The case tal ks about