Spotify Technology in $2022$: Will Its Strategy Lead to Profitability?

The case is intended to introduce students to a global company$$s evolving strategy with a freemium and subscription business model. This case works especially well after covering Chapters $16.$ Students will be able to utilize concepts from Chapters $1,2,$ and $5$ in evaluating the company$$s business model and strategy, select tools from Chapter $3$ in assessing industry attractiveness and competitive rivalry in the industry, Chapter $4$ company situation analysis tools, and Chapter $6$s discussion of strategies for strengthening a company$$s competitive position.

Spotify Technology in $2022$ case should generate student interest since the company will be well$-$known among students with many being subscribers to Spotify or a similar music streaming service. The case should provoke a well$-$thought$-$out discussion of the appeal and future of streaming services, namely in the music industry.

Which of the following accurately characterizes Spotify$$s opportunities?

Select $$yes$$ for the resource opportunities that are accurate and choose $$no$$ for those that are not.

Spotify needs to look into establishing operations in additional markets and intensifying market penetration in its existing markets.

$($Click to select$)$

Spotify has the opportunity to diversify through the development of new products such as offering other digital content.

$($Click to select$)$

With the expanding geography of high$-$speed internet and $5$G technologies, Spotify can grab market share from traditional linear radio.

$($Click to select$)$

With a fluctuating economy, Spotify needs to focus its marketing efforts in the U$.$S$.$ market alone.

$($Click to select$)$

Spotify should consider changing its strategy to one of differentiation and command higher tier prices.

$($Click to select$)$