Case Study : Video Concepts, Inc.

Numerous failures in planning and monitoring market changes negatively affected profits and decreased customer loyalty. Blockbuster sought utilization of section 11 bankruptcy to significantly decrease the businesses debt. The bankruptcy and acquisition by Dish network provided the opportunity to invigorate a better business solution for moving forward. Blockbuster’s

2. Pirogi, Jeanine. (2013). Titled: The Rise & Fall of Blockbuster: The very Long & Rewinding Road" (The Street). N.p., 23 Sept. 2010. Wide-Web. 11-Dec.

The price of rentals decreased to create less quantity that is available for rent creating an equilibrium and decrease in surplus. This is a hard decision to lower the price significantly but will continue to create revenue for the property management company while decreasing supply of vacancy.

Blockbuster was “the largest movie rental chain” in the Movies industry around the world (Biesada a). According to Rourke, Rothburd and Stansell (2006), Blockbuster mainly focused on “providing in-home rental, retail movie, and game entertainment”. It created 9,100 video stores and provided services to almost three million of customers in America and 24 other countries (p. 74). In 2010, the company filed for bankruptcy since it failed to adapt new technology in their strategies, and “was sold to satellite TV service provider DISH Network in 2011” (Biesada b).

If researched you find that the internal political struggles within the Blockbuster organization ultimately lead to its downfall. Power struggles that stemmed from the change in ownership as David Cook sold controlling his share of Blockbuster to Wayne Huizenga, John Melk, and

He eventually wanted to help other businesses start up so he invested in other businesses involving in social software and distributing networking. The first business was a company called IceRocket a business that is a search engine that scours the blogosphere for content. He is also a partner with a company called RedSwoosh, a company which uses peer-to-peer technology to deliver rich media. And in 2006 he invested in Serius Radio Network, which turned out to be a big network that is in almost every new car that is being made.

Trimble (2014) states that ‘With online video quickly becoming a key means for people to satisfy their information a entertainment needs, small businesses that fail to include it in their internet marketing strategies will do so at peril.’ But this is not true only to small businesses, Larger businesses that don’t take advantage of this, will lack the presence that other business have by implementing this advertising strategies.

In the following, the learning team will revise the Business Research Project. The team will collect all the individual papers from week 5 and will incorporate the best elements into one team inferential statistics and findings paper and spreadsheet. The team will also note the strengths and weaknesses of their statistical findings. They will collaborate if there are any differences to find the best approach. The team will combine all the papers from

Avi is a Jewish man who lives in France; he taught math for 30 years and considers himself to be "pro-Israel." With this in mind, Avi (an Orthodox Jew) is protesting the French government's ban on religious items. Wearing religious items is important to Avi because he has to wear the traditional "kipa" to keep faith with his Jewish religion. There is a local organization who happens to be a "pro-Palestine" group that has already started to contemplate political action to oppose the French law; its members are all Muslims, many who are angry because their daughters can no longer wear the "hijab" (headscarf) in school. In my opinion it would be in the best interest(s) of the local organization and Avi to team up to lobby the government, organizing a peaceful protest against the new law, and teach people about the importance of religious freedom. (Howard-Hassmann, 2005)

The success of Netflix forced Blockbuster to see the growing popularity of rent-by-mail formats. In 2003 Blockbuster launched a rental subscription program, which would allow subscribers to rent an unlimited number of movies during the subscription period like Netflix, but with Blockbuster there was no waiting for movies to arrive. Blockbuster also fine-tuned its rental program and introduced a no-late-fee policy to compete against the growing number of subscribers to online rental companies. In 2004 Blockbuster

The advancement happened too quickly for Blockbuster to do anything and attempt to keep up. Resulting in the unfortunate fold of Blockbuster. However, If the government were to step in and save them, then there would be an unnecessary industry taking up space that could be used for a more profitable industry, jeopardizing the market and making it very hard for companies like Netflix to come into existence. In reality, then, no business is being saved, because the company is not inventing anything new and becomes stuck unable to generate any business. However, Hazlitt does say that not all companies should die out with any help.

Due to this realization, the next thing he did was to talk to the plant’s accountants to determine how the company can make money. The company will have money if the net profit increased along with the return on

• Blockbuster is a generally perceived name in the feature rental business sector, being the first move into the

Blockbuster’s restructuring of the company under its new owners shows how they were open to organizational change. The text describes organizational change as the movement of an organization from one state of affairs to another. Blockbuster completely changed their strategy and technology in order to compete with the new technology based companies that put them in this position in the first place. Simply put, no one visited the stores to rent movies when they could just turn on their television to order on-demand showings for the exact same price without leaving their home or grab a couple movies for a dollar apiece while grocery shopping. If they did not change they were sure to fail as a business and the company would disappear into the long list of companies that failed in the economic recession. The change was forced by other companies’ utilization of technology that caused a drastic change in the market conditions. This shift enabled the cheaper, more convenient home entertainment to steal a huge chunk of market share from Blockbuster’s traditionally structured company. Blockbuster enjoyed a long period on top of the movie rental/ home entertainment industry and this could possibly be what caused the success of these newer

Blockbuster was too confident in their brand and their reach that failed to see the threat from the online rental business, meanwhile Netflix took advantage of their slow entrance to build a market and leverage on growing technology (DVD) that took off really quickly.