NetFlix company Essay Example | Topics and Well Written Essays - 500 words - 1

NetFlix company - Essay ExampleAnother reason why the mission teaching of Netflix should be reformulated is because its company philosophy does not appear in the statement. The companys basic beliefs, determine and aspirations are not reflected in their mission statement. What is clear in their statement is where their strategies are directed and what they privation to be in the future.The firms scheme of increasing its streaming subscription globally is the appropriate dodging for the company. Over time, it is expected that their domestic DVD by mail service to decline significantly in the near future thus, their strategy to focus on their streaming service is a good execute for the company. Netflix has decreased its budget in their DVD disdain to allocate more to its global streaming business (Netflix, Inc. 8). One can say that this strategy of Netflix has produced the desired results because as of the first quarter of 2012, there was an extra three million streaming subscr ibers therefore, reaching a total of 26 million global subscribers (Netflix 1). This strategy further strengthened their position as the worlds leading internetTV electronic network (Netflix 1). The domestic streaming service alone contributed $67 million to the companys profit, which is 13% share margin (Netflix 1). Indeed, the firms strategy is providing them a relevant competitive value and is working wellspring for them.Another strategy implemented by Netflix that is to their advantage is their continuous move to increase the quantity and select of their TV shows and movies. Their approach is to sign licensing agreement with TV and movie outfits and major film distributors and producers in arrangement to reinforce their content offerings and have a steady flow of new titles (Netflix 2-3). This is a competitive advantage which they enjoy over their competitors. As