Blockbuster was one of the most significant global icons of in-home rental, retail movies, and game entertainment in the mid-1980s. It is a great profile of how a lack of strategy, management, and obsolescence in planning for change can affect the success and growth of an organization.
Review the following case studies to explore how Blockbuster applied strategic planning processes to define its vision and purpose in the market.
A Blockbuster Failure: How an Outdated Business Model Destroyed a Giant from Davis, T. and Higgins, J. (2013), Chapter 11 Bankruptcy Case Studies, University of Tennessee, Research and Creative Exchange http://trace.tennessee.edu/utk_studlawbankruptcy/11
Blockbuster Videos Inc, Failure Case Study from Devika, A., Challa, P., Sirasala, R., Ghanta, S., and Gorrepati, V.(2016) Enterprises Architecture
Step 2: Write a paper.
Summarize your perspective and analysis of the case studies, by responding to the following prompts:
Discuss strategic management and/or planning practices that made Blockbuster successful. Highlight those practices or principles that you see as key success drivers.
In what ways do you think Blockbuster failed, and how better strategic planning and positioning have prevented their demise.
Make at least 3 recommendations that the organization would have to consider, regarding the strategic planning and critical decisions for growth, innovation, and expansion into the entertainment market.
If Blockbuster were still in business, how might the strategic planning decisions or practices differ for the organization to succeed in todays technology-driven world?
