Managing strategy Essay Example | Topics and Well Written Essays - 3250 words - 1

Managing strategy - Essay ExampleIn this particular study different strategic frameworks shall be incorporated so as to analyze external environmental and internal conditions of Netflix. These tools will not only help to identify key resources and competencies but even facilitate determining critical triumph factors. In broader context these factors are highly responsible for acquiring sustainable competitive advantage. Michael Porter states that a strategy provides valuable and unique market position to a firm. A strategic fit need to be achieved by a company in order to align contrast activities with overall business strategy. Business strategy can be defined as developing, finding and formulating a doctrine so as to ensure long-term success. Strategic thinking and strategic planning approaches are closely create from raw material with the framework of strategic management. Netflix is an organization founded in 1997 and providing Internet streaming media on demand to wide unin tellectual of viewers. It has its viewers located across South and North America, and certain parts of Europe such as Norway, Netherlands, Denmark, France, Ireland, Sweden, United Kingdom, Finland, Belgium, Switzerland, Germany, Austria and Luxembourg. The company is even involved in sending DVD by mail at flat rate in various locations of United States. Netflix has implemented a subscription based model inwardly its system. Members are able to choose from wide range of subscription plans encompassing option of unlimited streaming ikons or media. This study shall not only highlight current strategies been followed by the firm but even would decoct on available strategic options for future development.Netflix is a well-known organization operating in movie rental industry. The company is subjected to political, social, technological, economic, environmental and legal conditions. In legal and political context, the