Respond to the following question:

There is a new business term that has entered our vocabulary. It is called “getting Netflixed.” it comes from the recent Battle Royale between netflix and blockbuster video.

What does “getting netflixed” mean? What are the characteristics of the action? How is this related to Schumpeter’s creative destruction?

Explain the concept of “getting netflixed,” demonstrates how this has occurred throughout history, reviews in detail the blockbuster/netflix embroglio, considers other corporations or industries that might be “netflixed” in the near term, and how a business leader should prepare for the probability in his or her company.

Answer rating: 100% (QA)

Getting Netflixed Netflix is a term that refers to all activities geared towards the disruption of an established business model Getting Netflixed which as mentioned earlier derived its existence from ... View the full answer