Running head: NETFLIX<\/p>\n
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NETFLIX<\/p>\n
Netflix
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Solutions to Netflix challenges<\/p>\n
Legal challenges are among the main challenges the company faces because the company operates in a vast market with different legalities to be followed. These lawful restrictions have led to unbalanced services as some contents are not available to all or some states pay more than others. For the company to solve this problem, extensive research should always be launched before the company provides its services in a given country. The legal compliances should be discussed and adhered to during the study to avoid government restrictions. Since there are different laws in different countries, especially the taxation laws, it will not be possible to unify these laws hence varying costs of services in every country. However, the company should not prioritize profits but services. Therefore, after establishing the taxation laws that affect the service fees, the company should set uniform pay for each country regarding the financial state and subscribers.<\/p>\n
Competition from existing companies like Netflix has been the main problem for the business. However, Netflix is among the earlier entrants to the market; hence it has already created a solid market base. Thus, unlike other companies, Netflix does not compete on market pricing alone. Instead, it competes to secure a large number of subscribers. Since its pricing is relatively stable and has been accepted by most of its subscribers, the company offers t new subscribers to increase its subscription and free trials or limited shows for subscribers who have not subscribed to premiums. Additionally, Netflix has established its competitive advantage in entertainment with a higher penetration rate among adults. According to studies, this rate is likely to be higher since some of the accounts are shared, with some accounts being shared with families, thus increasing its possible penetration in the entertainment industry.<\/p>\n
The penetration has also helped the company develop a competitive advantage over its competitors on online platforms. The platform gives the company a great advertising platform with possible surveys on how they can improve customer entertainment. This information provided from the study will help the company produce its content aside from streaming third-party content. This lowers its production and advertisement cost, thus improving its profits. This also allows the company to reduce the risks of copyright-related claims, unlike its competitors.<\/p>\n
Recommendation<\/p>\n
At the onset of Netflix’s online streaming, they had free trials, which helped the company gain popularity. Despite scrapping off the offers, the company remains competitive because it has penetrated the entertainment market. However, recently, competitors like Amazon have improved their services too. They pose a significant threat in the Netflix streaming business; hence the company should consider pricing and bring back the free trials to gain more subscribers. In addition, free subscriptions should have at least one adverts that will generate income for the company to avoid losses, thus not affecting its production fee by streaming its services for free.<\/p>\n
The company should also consider formal notification to its clients when content leaves the Netflix platform. Netflix should always display the information at the beginning of the show play and make it available even when the person is not logged in to their accounts. The descriptions should be available with Netflix constantly updating outgoing shows on their online website. Additionally, they should consider pop-up notifications which will alert someone of the content expiry or removal. Further, Netflix should consider reminding those procrastinating their watching through emails that the show they had been watching will be leaving the platform in one month. The notification will prompt the subscriber to re-watching or take action to ensure that they are satisfied or are aware of the removal.<\/p>\n","protected":false},"excerpt":{"rendered":"
Running head: NETFLIX 1 3 NETFLIX Netflix FirstName LastName University title \u00a0 Solutions to Netflix challenges Legal challenges are among the main challenges the company faces because the company operates in a vast market with different legalities to be followed. These lawful restrictions have led to unbalanced services as some contents are not available to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10],"class_list":["post-96780","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-writing"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/96780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=96780"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/96780\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=96780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=96780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=96780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}