Blockbuster Organizational Failure Research Paper

Blockbuster Organizational Failure - Research Paper Example At the same time, it also created numerous challenges in the market place regarding competitiveness, innovativeness as well as sustainability, which has greatly influenced company sustainability in many sectors. Focused on a similar notion, this paper will entail critical analyzes regarding the failure of Blockbuster LLC, which was formerly recognized as Blockbuster Inc. Overview of Blockbuster Organization Blockbuster is a global retail chain, which offers a vivid array of video games, home movie and rental services for DVDs and VCDs at reasonable price to its discriminating global customers. Besides, the organization is also dedicated to provide its customers with adequate product choices and unique purchasing experiences. Currently, Blockbuster is operating with more than 2,500 retail stores spread worldwide. Being an American MNC, the company owns its maximum number of retail stores in the US, apart from Europe, Asia and Australia. The primary objectives of the company over the y ears have been to provide a world class entertainment experience to the consumers with a vivid assortment of movie and game genres, serving to around 90 million people all around the world (Blockbuster, 2013). Irrespective of its success since its establishment, with the increasing pressure of competition in the global platform, the company had to witness a decline in its revenue structure. It was in the year 2010 that the organization filed for bankruptcy and was consequently acquired by Dish Network (Almeida, 2011). Analysis of the Organizational Failure Factors In order to analyze the reasons behind the failure of Blockbuster, the following subject areas will be taken into consideration, which shall be helpful to obtain an in-depth understanding of the role played by various external and internal business environment factors to secure the sustainability of a company in the long-run. Competitive Advantage According to Michael E. Porter (2008) competitive advantage is a strategy of gaining benefit over competitors by offering customers high value through reasonable price, good product quality, product variety, innovativeness as along with other value added services (Porter, 2008). In the current phenomenon, competitive advantages are not only necessary to assist a company in obtaining larger market share, greater profit and brand value, but it is also necessary to assure long-term leadership position of the company, in the modern era. However, when studying the incident of Blockbuster’s failure, it can be observed that the most significant aspect of competitive advantage is to guarantee the sustenance of a company, apart from the aforementioned benefits. It is in this context that apparently, due to its business model limitations, Blockbuster was in a competitively disadvantageous position. The industry context can be accounted as responsible in this regard, to a large extent. The current market structure of the entertainment industry tends to be highl y volatile, where both the suppliers and the customers possess high degree of bargaining power, majorly due to the availability of close substitutes. Additionally, with frequent occurrences of forward and backward acquisition and mergers, Blockbuster also had to witness the threat of new entrants. Hence, given the limitations of the business model followed by the organization in terms of ill fit with external environmental changes, rigidness to adapt innovative ideas and cost as well as time intensive characteristic, the organization failed to preserve its

The Problems Of The Women In Current World Essay

The Problems Of The Women In Current World - Essay Example Research has been done on the present situation of the wage gap in the US in the last decade and the improvements made in the last 30 to 40 after the enforcement of equal wages acts and the women’s movement in mid 20th century. Women are still considered as second-grade custody workers in various job sectors. A decade ago in the US, the women were still being paid low as compared to the men for the same job that they were doing. Women caretakers and cleaners have a salary widely disparate from that of men and all because of gender difference. A salary gap of 8000 US dollars separated the women’s yearly income (22000 US Dollars) form the men’s yearly income (30000 US Dollars). (Barko 1) Even after 5 decades since the enforcement of the Equal Payment Act of 1963, American women earned 74 cents for every dollar earned by men, according to the study published jointly by the AFL-CIO and The Institute for Women’s Policy Research (IWPR), Washington (Barko 1). An increase in the wages of women task force employed across different industry sectors and in different categories would bring more than 50 % of low-income dual-earner and single-mother households above the poverty line. The recent study has challenged the age-old argument of lesser industry experience, childbearing time off and child rearing time off supporting the low income of women stating that 43 % of wage gap remains unexplained. After the industrial revolution in the late 19th and early 20th century, many new fields of work emerged and the professional world witnessed a boom. New posts were created, new organizations came into existence and new business lines became viable profit-making options.