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Business Management Asignment

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Business Management Asignment

mkt

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cse2022200021
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© © All Rights Reserved
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ម"វ$ទ&ល័យ*តិ-គប់-គង ធុរកិច8

Business Management

Topic: Marketing and Management Tools for Netflix

Lecturer: Mr.Ong Dy
Assignment by Student year 3 Semester 1
Name: Chhay Lyhour
Table of Content

I. Introduction
1. The Role of Management in Net1lix’s Success
2. Key Management Tools Used by Net1lix
3. Marketing Strategies of Net1lix
4. Marketing Tools Employed by Net1lix
5. Data-Driven Marketing Approaches
6. Content Marketing and Original Productions
7. Subscription Model and Pricing Strategies
8. Technological Innovations Supporting Marketing and
Management
9. Challenges and Limitations in Net1lix’s Marketing and
Management
10. Future Directions for Net1lix’s Marketing and
Management Strategies
II. Conclusion
Introduction

- Brief overview of Netflix as a leading streaming

platform.

- Definition of management as a strategy for ensuring

business goals, targets, and objectives are achieved, with

a client-centered approach.

- Importance of marketing and management tools in

driving Netflix's success.

- Thesis statement: This essay will explore the various

marketing and management tools Netflix employs to

maintain its competitive edge and achieve its strategic

goals.
1. The Role of Management in Netflix’s Success

-Definition of Management and Leadership: How Netflix’s

leadership applies management principles.

- Strategic Goals: Client-centered approach to entertainment,

focusing on global reach and diverse content.

- Innovative Culture: Overview of how Netflix’s management

promotes innovation through policies like unlimited paid time

off and feedback culture.

2. Key Management Tools Used by Netflix


- Agile Management: How Netflix uses Agile methodologies

for product development and content management, enhancing

adaptability to changing markets.

- Data Analytics and Machine Learning: Discuss Netflix’s use

of data for management decisions on content production, user

experience, and personalized recommendations.

- OKRs (Objectives and Key Results): An overview of how

Netflix uses OKRs to set and measure performance against its

strategic objectives.

3. Marketing Strategies of Netflix

- Customer-Centric Marketing: The importance of tailoring

marketing strategies to customer preferences.

- Brand Positioning and Identity: How Netflix positions itself

as a leader in entertainment through branding.


- Global Expansion Strategy: The approaches Netflix uses to

market in international markets, including localization and

cultural adaptation.

4. Marketing Tools Employed by Netflix

- Digital Advertising: Utilization of social media, Google ads,

and streaming ads to reach various demographics.

- Social Media Engagement: An analysis of how Netflix’s

social media presence (on platforms like Twitter, Instagram,

etc.) increases brand loyalty and engagement.

- Influencer Partnerships and Celebrity Endorsements**:

Using influencers to connect with younger audiences and

increase visibility.
5. Data-Driven Marketing Approaches

- Predictive Analytics: Using data to forecast viewer interests

and trends, influencing marketing and content decisions.

- Personalized Recommendations: Leveraging data to curate

and market content recommendations for each user, improving

user retention.

- A/B Testing: An overview of Netflix’s approach to testing

marketing campaigns, homepage layouts, and thumbnails for

optimized engagement.
6. Content Marketing and Original Productions

-The Role of Original Content: How Netflix markets original

series and films as part of its brand strategy.

- Promotion of Blockbuster Content: Case studies of high-

profile shows like Stranger Things and The Witcher.

- Targeted Content Production: Analysis of how Netflix

produces content based on regional interests (e.g., K-dramas,

anime, and international films).

7. Subscription Model and Pricing Strategies


- Pricing Tiers and Target Audience: Discussion on how

different pricing levels (basic, standard, premium) allow

Netflix to target varied demographics.

- Flexible Subscription Options: Emphasis on user-friendly

cancellation policies, free trials, and regional pricing

adjustments.

- Customer Retention Strategies: Initiatives to retain

subscribers, like personalized reminders and continued

engagement through emails and in-app notifications.

8. Technological Innovations Supporting Marketing and


Management
- Advanced Algorithms for Content Discovery: How Netflix’s

recommendation algorithm aids in marketing and user

retention.

- Artificial Intelligence in Marketing: Use of AI in ad

placements and user insights.

- User Interface (UI) and User Experience (UX): The role of

Netflix’s intuitive UI in improving user experience and

encouraging longer view times.

9. Challenges and Limitations in Netflix’s Marketing


and Management

- Increasing Competition: The impact of competitors like

Disney+, Amazon Prime Video, and HBO Max on Netflix’s

market strategies.
- Content Licensing and Regulation: Limitations related to

content acquisition, licensing agreements, and local

censorship laws.

- Rising Costs of Original Content Production: How the costs

of maintaining a fresh library of originals impact Netflix’s

budget and pricing strategy.

10.Future Directions for Netflix’s Marketing and


Management Strategies

- Expansion into New Markets: Potential for further growth in

emerging markets.

- Enhanced Personalization: Predictions for how Netflix might

further refine personalized recommendations and user

engagement.
- New Technologies and Innovations: Exploring the use of

AR/VR or interactive content as potential next steps in

enhancing user experience.

Conclusion

- Recap of the importance of effective marketing and


management strategies in Netflix’s growth.
- Summary of key tools and strategies discussed.
- Closing thoughts on Netflix’s potential to maintain its
leadership in streaming through continued innovation and
adaptation.

This outline can guide you in developing each section with


supporting examples, data, and references. Aiming for 10
pages, you can expand each section with detailed descriptions,
case studies, and discussions of Netflix’s unique approaches.
Each section could include approximately 1-1.5 pages to
provide depth and reach the desired length. Let me know if
you'd like to dive deeper into any specific section!

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