In terms of the big picture, do you think Blockbuster was just stupid ignoring changing market conditions? Explain your reasoning.

A

Essentially, yes. The company realized that it was falling behind in service innovation to a relatively small company (Netflix) at the time. Despite having the resources to create the necessary infrastructure and supply lines for new services, it chose to halt and even drive away customers by imposing fees.

Answer by Academic.tip's expert
An answer to this question is provided by one of our experts who specializes in business & economics. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2021) 'In terms of the big picture, do you think Blockbuster was just stupid ignoring changing market conditions? Explain your reasoning'. 9 June.

Reference

Academic.Tips. (2021, June 9). In terms of the big picture, do you think Blockbuster was just stupid ignoring changing market conditions? Explain your reasoning. Retrieved from https://academic.tips/question/in-terms-of-the-big-picture-do-you-think-blockbuster-was-just-stupid-ignoring-changing-market-conditions-explain-your-reasoning/

References

Academic.Tips. 2021. "In terms of the big picture, do you think Blockbuster was just stupid ignoring changing market conditions? Explain your reasoning." June 9, 2021. https://academic.tips/question/in-terms-of-the-big-picture-do-you-think-blockbuster-was-just-stupid-ignoring-changing-market-conditions-explain-your-reasoning/.

1. Academic.Tips. "In terms of the big picture, do you think Blockbuster was just stupid ignoring changing market conditions? Explain your reasoning." June 9, 2021. https://academic.tips/question/in-terms-of-the-big-picture-do-you-think-blockbuster-was-just-stupid-ignoring-changing-market-conditions-explain-your-reasoning/.


Bibliography


Academic.Tips. "In terms of the big picture, do you think Blockbuster was just stupid ignoring changing market conditions? Explain your reasoning." June 9, 2021. https://academic.tips/question/in-terms-of-the-big-picture-do-you-think-blockbuster-was-just-stupid-ignoring-changing-market-conditions-explain-your-reasoning/.

Work Cited

"In terms of the big picture, do you think Blockbuster was just stupid ignoring changing market conditions? Explain your reasoning." Academic.Tips, 9 June 2021, academic.tips/question/in-terms-of-the-big-picture-do-you-think-blockbuster-was-just-stupid-ignoring-changing-market-conditions-explain-your-reasoning/.

Copy