Failure Analysis / Change Strategy: Business The Failed (Essay Sample)

Failure Analysis/Change Strategy
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Business the failed
First and foremost, it is perceived that blockbuster failed due to lack of a reliable and credible leadership approach. The chief executive officer is seen to have been fighting with the board of directors on the type of strategy that could be implemented to better the DVD product. There was also the issue where there were cases against each other and undermining of each leadership’s credibility that led to the failure of the organization. The culture at blockbuster shield away from innovation and embraced the comfort of strategies that had worked for years (Strinham, 2012). The fact that the company was too comfortable with its business model and corporate culture, they failed to adapt and offer adequate competitive measures to counter their competitors. Therefore, the implication here is that use of the corporate culture by Blockbusters did not work out for them as it led to their failure. Furthermore, the failure of the organization was caused by poor management skills. The rationale for my perspective is based on the fact that the management team did not propose any changes that would generate positive results for the firm. The organizational and its departments seem to have ignored the signs because they were too busy fighting among themselves (Hitt, Ireland & Hoskisson, 2008). Additionally, the firm lacked balance between adaptive and innovative creativity. Therefore, it can be perceived that the management and leadership of the organization were incapable of understanding the implications of the radically different business model. The firm collapsed and were likely to be closed for good because of poor approach in leadership and management.Business the succeeded Netflix is a company that has succeeded based on its culture, leadership, management and their well-organized departments. The company has a culture that emphasizes on performance, freedom and responsibility. The culture in question assists the company actually focuses on attaining excellence through practicing integrity, communication, and respect. The company has a well-set leadership and management employees who work as a team, and, hence, the reason they proposed the strategy of eschewing retail locations. The proposal lowered costs, and the firm was able to offer client far greater variety DVDs as opposed to what Blockbuster (Hill & Jones, 2012). The company offered its customers subscriptions that made late fees unnecessary. Apparently, Netflix management and leadership approach can be looked at as an updated profession as they valued the needs of clients to get better services. Therefore, the firm proved that they were innovative and succeeded through their threshold model. The threshold model was not easy to use at first because clients had different perceptions about the company, but the influence from other customers created better opportunities for Netflix (Strinham, 2012). Leaders at Netflix understand the importance of owning the job and creating the company culture. Essentially, it is part of the reason the firm has succeeded at each level of the organization is defined to create and ...