What was Netflix’s original business model? Briefly describe how its business model and strategy evolved over...

What was Netflix’s original business model? Briefly describe how its business model and strategy evolved over time and why. Would you say Netflix did a good job of adapting its strategy as it developed? Briefly discuss.

Expert Solution

Netflix's original business model: The company has started its business in 1998. Originally its deal in the delivering of real copies of movies, video games and other media kind of media by the means of mailing system.

Evolution of business model and strategy: The company has started its business at that time when people spend their time by using DVD and Tapes. At that time company deals in renting DVD by the means of mailing.

After the development of technology, the company started streaming of content by providing service to their customers at their convenience.

After the improvement in streaming Technologies, the company started providing its observers to stream tv shows, movies etc by means of a proper application.

Yes, the company did a great job as its adapts all the technological changes in the market and the reason of adapting all the changes is the major reason behind the growth of any company.

keosha answered 6 months ago

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