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

Managing system - Essay ExampleIn this particular take apart 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 stock-still facilitate determining critical success 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 needs to be achieved by a company in golf-club to align business 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 knitted with the framework of strategic management. Netflix is an organization founded in 1997 and providing Internet cyclosis media on demand to wide base 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, join 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 employ a subscription based model within its system. Members are able to choose from wide range of subscription plans encompassing option of unlimited streaming movies or media. This study shall not only highlight current strategies been followed by the firm but even would focus on available strategic options for future development.Netflix is a well-known(a) 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