Redundancy in New Zealand: Procedural Fairness and Remedies

Redundancy in New Zealand: Procedural Fairness and Remedies ArJun Sree Raman Title of the study Redundancy in New Zealand: Procedural Fairness, Substantive Grounds, and Remedies. Introduction Redundancy has become a normal part of organizational life, researchers are predicting that both the rate and the extent of job losses through redundancy are likely to continue well into the twenty first century (e.g. Appelbaum and Donia, 2001a; Cascio, 2002; Dawkins et al., 1999). Generally redundancies within an organisation occur when there is a decline in company revenue and/or work available or the company is looking to restructure and streamline the organisation (Wooden, 1988). In these circumstances the employee may find that their position is surplus to the companys requirements or needs. Therefore, the organisation or employer will announce to the employee or employees affected that their contracts are going to be terminated as their positions will no longer exist. Redundancy in New Zealand    In the New Zealand Employment Law Guide (Rudman, 2014) the Labour Relations Act 1987 defines redundancy as a situation where a workers employment is terminated by the employer, the termination being attributable, wholly or mainly, to the fact that the position filled by that worker is, or will become, superfluous to the needs of the employer. Thus, it is the position itself that is made redundant and the decision to make a position redundant should have nothing to do with the particular employee who is filling that position. Redundancies have to be for genuine commercial reasons and not for any other underlining reasons such as capability or performance issues. Redundancy is acknowledged within New Zealands employment relations system, as it is in many countries. However, in contrast to the majority of foreign jurisdictions, successive governments in New Zealand have decided not to codify the law relating to redundancy and provide definitive protection for employees who face a redundancy situation (Hughes, 2011). Venn (2009) provides a comparison with other Organization for Economic Cooperation and Development (OECD) countries, highlighted New Zealands minimal protection for employees in situations involving redundancy. In particular, Venn emphasized New Zealands negligible cover in mass redundancy situations. The following figure clearly depicts the limited protection in correlation to the other OECD countries. Figure 1: Strictness of Employment Protection OECD Countries (Venn, 2009) Effects of Redundancy    From an organizational perspective, the economic outcomes of redundancy are open to debate (Cascio, 1993; Ryan and Macky, 1998) but it is widely recognized that for the individual, redundancy can lead to a wide range of negative outcomes. Redundancy is frequently associated with diminished psychological wellbeing, while long-term unemployment can lead to physiological deterioration (Leana and Ivancevich, 1987). As Wooden (1988) comments: The concern about redundancy stems from the perception that job loss involves substantial economic and psychological costs for the adversely aà ¯Ã‚ ¬Ã¢â€š ¬ected worker and his or her family. The worker made redundant must immediately deal with the shock of job loss. For example, redundancy has been found to impact on employees in terms of loss of morale, lowered organizational commitment, withdrawal behaviours such as absenteeism and increased turnover, loss of motivation, mistrust, uncertainty and insecurity (e.g. Brockner, 1988; Brockner, Grover and DeWitt, 1992; Dolan and Belout, 2000; Koslowski et al., 1993; Latack, 1990; ONeill and Lenn, 1995; Worrall, Campbell and Cooper, 2000). Waters (2007) study on voluntary and in-voluntary redundancy shows the different attitudes and thoughts employees are feeling when it comes to redundancy. Redundancy can have serious implications for those it has happened to and can be an extremely difficult time during the entire process. Employees fear for the future and responsibilities they have outside of their working life. Employers should let the remaining employees express their anger or frustration and inform them that it is perfectly normal to express their feelings. Burke (2008) investigates the effects of redundancy during a strong economy and low unemployment rates. Burke says that the number of people experiencing redundancy is surprisingly high. This can come as a shock and be difficult for employees who have been with an employer for a substantial number of years as they are suddenly back in the job market. Looking for a job after so many years of working and competing with thousands of others who have also lost their jobs can be very traumatic. According to Burke, Being made redundant can have similar emotional effects to bereavement. People still see a stigma attached to being made redundant and would feel embarrassed or humiliated about being in the situation. Redundancy also results in a range of negative economic outcomes, including interruption to employment and career paths, loss of income, and potentially à ¯Ã‚ ¬Ã‚ nancial hardship (particularly where it is followed by an extended period of unemployment). Ewart and Harcourt (2000) assessed the effects of a mass redundancy at a New Zealand airline on a group of 139 ground stewards in August, 1991. Findings show that the ground stewards post-layoff earnings have declined nearly 40% by 1996, from $50-55,000 to $30-35,000. This was a severe decline than that documented in most studies, in which earnings losses of 10 to 20% were more common and 5 to 10% were not unusual. Ewart and Harcourt identified the primary cause to be the non-transferrable highly specific training and work experiences to the airline industry. Furthermore, ground stewards also expressed profound feelings of bitterness post-redundancy as 94% of the respondents thought that the company had handled the dismissals very inappropriately. Those who remain after a period of redundancy are known as the survivors and are often described as suà ¯Ã‚ ¬Ã¢â€š ¬ering from survivor sickness (Noer, 1993) or survivor syndrome (Appelbaum and Donia, 2001a, 2001b; Brockner, 1988). Noer (1993) deà ¯Ã‚ ¬Ã‚ nes survivor sickness as a term that describes the attitudes, feelings, and perceptions that occur in employees who remain after involuntary staà ¯Ã‚ ¬Ã¢â€š ¬ reductions. Survivors may exhibit a range of emotions including fear, insecurity, uncertainty, frustration, resentment, anger, sadness, depression, guilt, unfairness, betrayal and distrust (Noer, 1996). Redundancy impacts further on the individual through changes to the psychological contract. Rousseau (1995) notes that, redundancy and restructuring have imposed on workers employment arrangements they did not choose. She suggests that the psychological contract, which the employee originally accepted, changes as organizations restructure and à ¯Ã‚ ¬Ã‚ nds new ways of doi ng things. In the process of change, jobs are altered but employees do not feel free to renegotiate the contract. Research Questions The research questions proposed below are the fundamental core of this redundancy study. It focuses on factors within the redundancy such as procedural fairness, substantive grounds, and remedy. The research questions are as follows: To what extent do employers follow procedural fairness? To what extent do employers have substantive grounds for redundancy? In situations where employers fail to follow procedural fairness and substantive grounds, what are the remedies offered to the employee? Low budget airlines | Analysis Low budget airlines | Analysis Ryan Air Europes First low budgeted airline. Ryan air was founded in 1985 by the Ryan family head by Tony Ryan. To provide scheduled passenger airline services between Ireland and the UK. Ryan Air Europe first Low-Fares, No-Frills carrier, offer a point to point service to customer that was the first European low-cost Airline in Airline Industry. Ryan Air was a full service conventional airline, with two classes of seating, leasing three different types of Aircraft. Ryan air Airlines is based on the model of southwest airlines. A new management team, led by Michael OLeary. In 1997 company was floated in an IPO on the Dublin Stock Exchange and on NASDAQ. (Gerry Johnson, et al, 2008) Mission statement of Ryan Air: Ryan air will become Europes most money-making airlines through its motto Low-cost- carrier, no- frills services in all market which Ryan air operates. Ryan air Objectives: To establish Ryan air as Europes leading Low-Cost airline through continued improvement and offering of low cost budget price. Ryanair Business Model Ryanair business model is based on Southwest Airlines, the highly successful Texas based operator. However, Ryanair was impacted by the financial difficulties in 1990 which required a complete restructure and new business model is formed. In 1991, CEO Michael OLeary visited US Southwest Airline and extracted their new strategy and business model from Southwests Low Cost leadership model. Ryanairs Low Cost leadership model encompasses a single passenger class, a single type of airplane, a simple fare scheme, unreserved seating, flying to secondary airports, fast turnaround times, no free amenities, minimum baggage allowance, employees working in multiple roles, and generation of ancillary revenue( Baker, 2006). Analysis strengthen and weakness of Ryanair Strength: Strategy of Ryan air is Marketing- strong branding and reputation of product. Ryanairs aggressive pricing strategy makes them different from other Airline companies in Europe. Low costing of tickets due to airport operator deals. A biggest advantage of Ryanair is Reputation as First Biggest Budget Airline in Europes. Main strength given to Ryanair by media through free footage to people from various Controversial issues created in flight and due to the tough decision made by chief executive Michael OLeary. Ryanair collects enormous profit from Ancillary revenues from on-board and online gambling, an in-flight mobile phone service, including non-flight scheduled services and also from Ryanairs website. On time delivery which help customer to reach at their target. In future Ryanair planning to purchase new aircraft with huge capacity for sitting which will generates lots of income as well as new routes for reaching destination much quicker. Ryanair control the fuel and noise emission by purchasing new Environmentally-friendly aircraft. (Sascha Mayer, 2007). If any delays due to climatic condition or technical quandary, then Ryan air Customer Service Desk (CSD) prompt refund is provided to customer. Weakness Employee relations: Ryan airs relationship with employee is Fraught. Extra work load for Pilots. Also provide poor working condition for staff. For example: Banned from charging of mobile phones at work place. Ryan air has been involved in number of labour union disputes. Lack of scales: The Company is small in sizes compared to its competitors. Its competitors, such as British Airways, Lufthansa, Virgin Airlines all these Airlines are large in size and enjoy competitive advantages in financial, technical better human resources. As it was low fare Airlines in-flight Entertainment facilities were not available to passengers. Prone to bad press: Relationship with media is always dreadful for Ryan air. Even it may be the incident of staff sleeping in the air craft or forcing pilots to sign new deal in order to fly new air craft. Every time Ryan air is on head line of media. Blocking Finance: In increasing their passenger Ryan air has block lots of money in purchasing new Boeing in next six year. Long Routes: Instead of main airports choosing Secondary and Regional airports destinations for short haul which much more far-off from passengers destination. For examples, Ryanair uses Frankfurt Hahn, 123 kilometres from Frankfurt; Torp, 100 Kilometres from Oslo; and Charleroi, 60 kilometres from Brussels. Customer service: Services provide to customer by Ryan air cabin crew were not satisfactory. Even breathing spaces for leg were narrow down. STRATEGICS CAPABILITY OF RYANAIR Every company must have adequacy and suitability of the resources and competences for survive and prosper in the market. Henceforth Resources and competences are essential for any organisation. Initially Ryan air started their operations with a team of 25 and a single 15-seat Bandeirante Turbo-prop, flying between Waterford and London (Box.T, et al 2007). In 1986, Ryan air received permission from the Regulatory Authorities to begin flying four flights a day on the Dublin-London route with two 46-seat BAE748 turbo-props, by the end of 1989 Ryan air had six BAC-111 jets and three ATR 42 turbos (Box.T, et al 2007). Now Ryan air is giant player in Budgeted Airlines in Europe with 100 new Boeing 737-800 which flew out 18European base. According to Ryan Air Chief Executive Officer Michael OLeary organisation as place the order of 200 newest Boeing by end of 2009 and required the aircraft delivery by 2012(Robert 2009). Boeing 737 planes used frequently which were replaced with new aircraft , more environmentally- friendly aircraft. Its reduced the average age of fleet by 2.4years. Newer aircraft does not require more crew member. Before 2006 capacity of staff were around 700, in fiscal 2006, employee tally rise by further 700 to 3500 people from different nationalities. Cabin crew were given commission from on board sales i.e. Euro49, 612 which is higher figure than any other leading airlines. Due to a low-cost HR strategy, which includes low costs via wage minimization, union avoidance and employee control, had contributed to making the company highly profitable. In addition, both strategies are similar in that they also include achieving low total costs by increasing operational productivity (Zagelmeyer.S, 2009). Core Competence: A corporate strategies are made with lots of research and development of product and services in todays world. Ryan air have made strategic decisions based on increasing their competitive edge, the main one reason involved in attracting customers at both ends of their routes (Haberberg and Rieple 2001). In Ryan air case company focal point is on providing low cost, efficient, frequent connections and subsequently offering no other frills or supporting services on their flights, due to this outcome, Ryan air has no need for the numerous subsidiaries that Aer Lingus own(Peter Kangis, M. Dolores OReilly, 2003). The performance reliability of Ryan air is high for the reason that customer product quality and the airports served, airline product is not delayed because of point to point services due to this check-in is much quicker and less complex than an interline one as well as boarding is quicker because seat choice is greater for earlier passengers at the departure gat e for the reason that it operates from lesser-used non-hub airports the airline encounters less airport congestion than airlines serving major hubs (Barrett S. D. 2004). Ryanair Financial Analysis During the period of 2004 through present, Ryanair has experienced significant growth in sales revenues and net income. Since 2004, sales revenue has grown at a yearly average of 32%, highlighted by a 41% growth from 2006 2007. Net income has experienced a yearly average growth rate of 25%, highlighted by a 51% growth from 2006 2007. While sales revenue continued to increase from 2007 2008, with 33% growth, net income was down from $563M to $559M. This decrease in profits was largely due to the 50% increase in fuel prices during the year. The growth experienced by Ryanair in sales revenue and net income during the period of 2004 2008 (AOL Finance 2008) Portfolio Analysis by BCG Matrix Portfolio of any business is important in order to analyse its market shares and where the business is standing. It can achieve through the BCG Matrix. In Ryanair case, as per the above diagram of BCG (Boston Consulting Group) matrix Ryanair comes under the cash cow. Cash cow is that section of BCG matrix where market share of any business is high and their growing maturity is low in market. Ryanair being a low-fare airlines in European market have captures the entire market in budgeted airlines. Ryanair have outstanding market share and generate a lot of revenue for the company as well as for investor, but they cannot expand their business. Ryanair is domestic flight within the European territory and accumulate high revenue but cannot expand their airline business from European market due to low cost strategies and short haul. They extract profit from the market and investing as little cash as possible. Critical success factors of Ryanair: Success of any organisation depend upon various factors such as Brand: Brand of Ryanair has been cultivated through constantly providing the same product services to customer. Ryanair brand has been built through their strategies i.e. low budgeted airline in Europe with no frills and sell product on board. Most important part in creating the Ryanair brand is played by the CEO Michael OLeary and international media. Michael hard-hitting decision, autocratic behaviour against employee and competitors and controversial statement- if you want a quiet flight, use another airline. Ryanair is noisy full and always try to sell something ob board. Media always providing free footage to viewer about the incident in flight for example: Ryanair aircraft unhygienic and poor staff morale and cabin crew sleeping on the job. All these incidents have helped the Ryanair to build it brand image in the world market. Location: Ryanair being a low-cost airline, airport used by the Ryanair for landing aircraft were secondary and regional airport destination. For example, Ryanair uses Frankfurt Hahn, 123 kilometres from Frankfurt. During second half of fiscal 2007 Ryanair faces various challenges related to extra capacity and new routes and location. Speed: Ryanair started with fewer flights with the low cost airlines strategies and through these strategies they started capturing the market at a greater speed. Become the world most profitable airline in whole Europe. During March 2006 other airlines started charging for check-in bags due to this passenger were carrying fewer bag probably zero check-in bags which reduced the cost and enhance the speed of aircraft. Technology: Ryanair incorporated its own travel website, www.ryanair.com, for direct sales of tickets over the Internet to avoid fees and commissions associated with travel agents and reservation systems. Ryanair has steadily achieved the most Environmentally- friendly and sustainable by investing in the latest aircraft and technology which reduced 50 per cent less emissions, 45 per cent less fuel burn and 45 per cent lower noise emissions. Ryanairs grown-up Boeing 737-800 aircraft has been replaced with new aircraft which more environmentally-friendly reducing the average age of fleet to 2.5 years. Fuel Emissions:International airlines have been responsible for emitting 2.5%- 3% anthropogenic carbon dioxide (CO2), International Civil Aviation made regulation to reduce the CO2(Scheelhaase J.D, Grimme W.G, 2007). Due to new technology aircraft of Ryanair has reduce fuel emission by 50%. Noise: Ryanair minimised noise pollution through modern technology aircraft and new modified winglet. Waste: All International Airlines generates significant amount of waste mater material through food, packaging, and newspaper distribution. All these item are available free in international airline. Ryanair a low-cost airline with no-frills due to these reason Ryanair is free of from waste. Management Quality: Ryanair management qualities from the success point of view were efficient to carry out the productivity in the organisation, due to the leadership Quality of Michael OLeary. From employees view management were autocratic. Management behaviour towards staff was not acceptable. Thus critical factors such as Brand, Technology and Management Quality play important role in performance of business activity, if any of these factors fail, success fails. Benchmarking Approach of Ryanair: A set of information has been developed by separate indices of benchmarking for different business model. In Ryanair case, Profitability of Ryanair signifies the overall achievement of the business, collection of ancillary revenue from flight is much more than the any other international flight by selling various goods and services on flight. Distribution strategies of Ryanair: The proportion of sale made by Ryanair is through online reservation system and even they promote the Ryanair through web page. Ryanair has set up the four benchmarks which its competitor cannot match their strategies with Ryanair strategies- firstly airport cost per passenger is calculated, secondly they land on secondary and regional airport which offer lower landing fees, thirdly the weighted average number of full service carriers at the airports served and lastly Ryanair has created the monopoly in budgeted airline (Mason k.J, Morrison W.G, 2009). All this factors make the Ryanair airlines are best- in- c lass benchmarking in Europes airlines. Leadership of Ryanair: In todays Airlines business leadership and culture is essential in achieving strong business operation. In Ryanair case, Ryanair was struggling to survive in early 1990 but then after new CEO Michael OLeary. OLeary changed the design of Ryanair in the model of southwest airlines i.e. a low cost airline this strategy worked for Ryanair. Being transformation leadership his clear vision and empowerment are often observed as important element that has changed the view point of Ryanair. In 2006 Ryanair airline received WORLD MOST FAVOURITE AIRLINE. Michael OLeary has served Ryanair for 20 year and makes Ryanair most profitable airline in 2006. In 2005 he was 18th among the Worlds Most Respected Business Leader in financial times. Ryanair comprising over 25 different nationalities this shows culture of Ryanair is diversifying. CONCULSION On the intact Ryanair seem to be following a strategy which works for them. They are obviously aware of their business environment and understand the importance of monitoring it as they took advantage of the opening in the market when they restyled themselves over a decade ago. However they need to be aware that this environment is constantly shifting and evolving and therefore maintaining a close eye on it and being ready to adapt to any changes should be a fundamental part of their strategy. References 1. Gerry Johnson, Kevan Scholes, Richard Whittington, (2008). Exploring Corporate Strategy, 8th Ed., Pearson Education, England, accessed via textbook. 2. Sascha Mayer, 2008. Rayanair and its low cost flight in Europe: Marketing Plan. GRIN VERLAG http://books.google.co.uk/books?id=2zGFUC9bWX4Cdq=swot+analysis+of+ryanairlr=source=gbs_navlinks_s 3. Box.T, Byus.K, Chris.C, (2007), Ryan air (2005): Successful low cost Leadership. Journal of the International Academy of case studies. , 13(3): pp 65-70. 4. Robert.W, (2009). Ryan Air to order 200aircraft, Air finance Journal (323): 7-7. 5. Zagelmeyer.S, (2009), Up in the Air: How Airlines can improve performance by engaging their employee.38(6):715-717. http://www.emeraldinsight.com/Insight/viewContentItem.do;jsessionid=8657998ADE2405248475899C62216650?contentType=NonArticlecontentId=1812116 6. Haberberg, Adrian Rieple, Alison (2001), The Strategic Management of Organisations. Pearson Education Ltd. 7. Peter Kangis, M. Dolores OReilly,(2003), Strategies in a dynamic marketplace: A case study in the airline industry. Journal of Business Research, 56(2):105-111. Strategies in a dynamic marketplace: A case study in the airline industry Journal of Business Research, Volume 56, Issue 2, February 2003, Pages 105-111 http://www.sciencedirect.com/science?_ob=ArticleListURL_method=list_ArticleListID=1248681592_sort=rview=c_acct=C000047642_version=1_urlVersion=0_userid=9060888md5=a3f6ba19889c87ea2ae5dc4ea2047611 8. Barrett S. D. (2004), The Sustainability of the Ryanair Model. International Journal of Transport Management, 2(2), pp.89-98 9. Scheelhaase J.D., Grimme W.G. (2007), Emissions trading for international aviation-an estimation of the economic impact on selected European airlines. Journal of Air Transport Management, 13 (5), pp.253-263. 10. Mason k.J, Morrison W.G (2009), Towards a means of consistently comparing airline business models with an application to the low cost airline sector. Researched in Transportation Economics, 24 (1), pp. 75-84. http://www.sciencedirect.com/science?_ob=ArticleURL_udi=B8JHM-4VRNNKM-2_user=899537_coverDate=12%2F31%2F2008_rdoc=1_fmt=high_orig=search_sort=d_docanchor=view=c_searchStrId=1253612908_rerunOrigin=scholar.google_acct=C000047642_version=1_urlVersion=0_userid=899537md5=3f2fe272f1c4fb849562e877dad82a11 11. Baker, C. (2006, May). Blurring the model. Airline Business, 22(5), 40-44. Retrieved September 17, 2008, from Business Source Complete database. 12. AOL Finance Web Site. Ryanair Holdings PLC Income Statement. Retrieved October 5,2008 from http://finance.aol.com/ryanair-holdings-plc/income-statement

Thrre Things Wrong with the World :: social issues

Thrre Things Wrong with the World The first thing I would have to say that is wrong with the world is definitely the drug problem. I mean, it seems that most of the war, famine, & disease that are running rampant through our lives are initially from drugs. For instance, you get a hit of crank from a friend who used the needle on herself & then WHAM, you've got AIDS & never even knew it could happen. Another example would be the wars. In Cuba, there are drug wars going on now that inadvertently have caused many people to die, be left homeless, or even without food or water. So, that would definitely be my first & foremost idea on what's wrong with the world today. The next thing on my list would have to be AIDS itself. Mostly, this is a big problem because there is no cure & many people get this disease every day. Granted, it isn’t always contracted by a needle, but other ways, such as intercourse without protection, are effective in contracting this disease as well. The only real way to prevent this disease would have to be never to share a needle (if you’re doing something stupid enough as doing drugs in the first place), & never have sex. That would have to be the only 100% way not to get this disease, besides knowing your partner is not HIV positive. That is why this disease is affecting so many people. It’s because they don’t realize that they can get it just by doing one of the above mentioned activities, as well as some others I can’t think of. That, & many other reasons, is why AIDS is my number two in my list of three things. My final thing I believe that is wrong with the world would have to be our government. Yes, I said it, OUR GOVERNMENT. It is not as if I am Anti-American, I love my country, but there has to be some sort of line between helping other nations & trying to control other nations. I believe we have not only crossed that line, but have gone so far as to cross several more after it. Take the war on Iraq, for example. Initially, I was all for getting rid of Saddam Hussein & helping the Iraqi people become free & independent. But, now as I think about it more & more, I wonder why we're are still over there fighting & killing those people if they say that we have ridded ourselves of that nuisance already?

Public company of electronic media

CompanyCompany may be defined as a voluntary association of individuals. It is an association of persons formed for some common intent but chiefly it is a voluntary association of individual. It has capital divisible into parts, known as portions. At the same clip it is an unreal individual created by a procedure of jurisprudence. It has a ageless sequence and a common seal. It exists merely in contemplation of jurisprudence ; i.e.it is regarded by the jurisprudence as a individual, merely as a homo. On incorporation of a company becomes a organic structure corporate or corporation with a ageless sequence and a common seal. It besides acquires a personality distinct from its members.Features Of A Company1. Separate legal entity 2. Limited liability 3. Ageless sequence 4. Common seal 5. Transferability of portions 6. Separate belongings 7. Capacity to actionElectronic MediaIt is media that uses electronics or electromechanical energy for the terminal user ( audience ) to entree the content. This is in contrast to inactive media ( chiefly print media ) , which are most frequently created electronically, but do n't necessitate electronics to be accessed by the terminal user in the printed signifier. Most new media are in the signifier of digital media. However, electronic media may be in either parallel or digital format. Although the term is normally associated with content recorded on a storage medium, recordings are non required for unrecorded broadcast medium and on-line networking. Any equipment used in the electronic communicating procedure ( e.g. telecasting, wireless, telephone, desktop computing machine, game console, hand-held device ) may besides be considered electronic media.Incorporation Of CompanyBefore a company is formed, certain preliminary determinations are necessary, for illustration, whether it should be a private company or a public company, what its capital should be, and whether it is worthwhile organizing a new company or pickings over the concern of an already established concern. All these determinations are taken by certain individuals known as â€Å"promoters† . They do the full necessary preliminary work minor expense to the formation of the company.Public Ltd CompanyA Public Limited Company is a Company limited by portions in which there is no limitation on the maximal figure of stockholders, transportation of portions and credence of public sedimentations. The liability of each stockholder is limited to the extent of the unpaid sum of the portions face value and the premium thereon in regard of the portions held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimal figure of stockholders is 7. It has a minimal paid-up capital of Rs 5 hundred thousand or such higher paid up capital, as may be prescribed. Every public company, bing on the beginning of the Companies ( Amendment ) Act, 2000, with a paid-up capital of less than Rs. 5, 00,000 shall, within a period of two old ages from such beginning, heighten its paid-up capital to Rs.5,00,000.Get downing A New Public Ltd CompanyBefore stepping in the concern universe & A ; get downing up a new concern i.e. a new public Ltd company, we must believe a name of the company which co-relate the work of the company and be easy grasped in the head of the people. As we are get downing a new public Ltd Company of electronic media i.e. Television & A ; computing machine fabrication company and the name of the company to be registered will be Protechno media ltd company.Name-Approval For The Proposed CompanyThe process for obtaining the name blessing for the proposed company is that an application in Form No. 1A demands to be filed with the Registrar of Companies ( ROC ) of the province in which the Registered Office of the proposed Company is to be situated. The application is required to be signed by one of the boosters. The inside informations of the application are as follows: 1. Four alternate names for the proposed company. ( The name can be coined names from the objects of the proposed company or the names of the managers, etc. but should decidedly be declarative of the chief object of the company. Justification for the name needs to be specified along with the application ) . 2. Name callings and references of the boosters ( Minimal 7 for a public company while 2 for private company ) . 3. Authorized Capital of the proposed company. 4. Main objects of the proposed company.Documents Required To Be Executed For IncorporationFollowing are the paperss require for acquiring the certification of incorporation or registering the company with registrar†¦ †¦ †¦ .. MOA and AOA are required which is to be executed by the boosters in the presence of a informant in saying their full name, male parent ‘s name, residential reference, business, figure of portions subscribed for, etc. 1. Form No. 1 – This is to be to be executed on a non-judicial stamp paper of INR 20 by managers of the proposed company or by other individuals such as Advocates saying that all the demands of the incorporation have been complied with. 2. Form No. 18 – This signifier contains information about the registered office of the proposed company. 3. Form No. 29 – This is a consent obtained from all the proposed managers of the proposed company to move as managers of the proposed company. ( Not required in instance of private company ) . 4. Form No. 32 – This signifier shows the fact of assignment of the proposed managers as the board of managers. 5. Name blessing missive in original. 6. Power of Attorney signed by all the endorsers of MOA authorising one of the endorsers or any other individual to move on their behalf for the intent of incorporation and accepting the certification of incorporation. 7. Power of Attorney in instance of a endorser who has appointed another individual to subscribe the MOA on his behalf. Filing fees as may be applicable.This Form Is Filled For Checking The Availability Of NameFORM 1A Application signifier for handiness or alteration of name [ Pursuant to segment 20 and 21of the Companies Act, 1956 ] Note – All Fieldss marked in*are to be compulsorily filled. 1. *Application for integrating a new company altering the name of an bing company Part A: Handiness of name 2 ( a ) . *Name of applicant Prankur Rastogi ( B ) *Occupation Businessman ( degree Celsius ) . *Address Line I Phagwara, Jalandhar Line II Punjab ( vitamin D ) . *City Jalandhar ( vitamin E ) . *State Punjab ( degree Fahrenheit ) . *Country India ( g ) . *Pin codification 144402 ( H ) . *e-mail prankurrastogi @ gmail.com ( I ) . Phone 9569231524 ( J ) . Fax 09534267447782 3. Name callings of boosters * ( I ) Name of promoter†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Prankur Rastogi * ( two ) Name of promoter†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pawan Rastogi * ( three ) Name of promoter†¦Ã¢â‚¬ ¦..Rajesh Dubey 4. *Name of the province in which the proposed company is to be registered Punjab 5. *Name of the Registrar of Companies in which the proposed company is to be registered†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Mr Y B Singh 6. *State whether the proposed company is public or private Public 7. * proposed name of company ( at least 6 proposed names ) a. Fanko electro ltd B. Rigs electro-media ltd c. Protechno Media Ltd Company d. Agnis electro ltd e. Jippo electro ltd f. Retro electro media After make fulling the application for handiness of name ROC will assign the name within three hebdomads of application submission†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. The ROC will look into for the handiness of name and inform the individual who has filled the application†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . Name Protechno Media Ltd Company is available and is allotted. This is to be to be executed on a non-judicial stamp paper of INR 20 by managers of the proposed company or by other individuals such as Advocates saying that all the demands of the incorporation have been complied with. FORM NO. 1 Registration No Of Company -1090 Nominal Capital- : Rs. 2,00,00,000.00 THE COMPANIES ACT, 1956 Declaration of conformity with the demands of the Companies Act, 1956 on application for enrollment of a company [ Pursuant to subdivision 33 ( 2 ) ] Name of Company Protechno Media Limited/Private Limited Presented by Protechnicals group I Prankur Rastogi of Protechnicals Group do solemnly and unfeignedly declare that I am [ 1 ] Promoter who is engaged in the formation of the company, or a individual named in the articles as a director/manager/secretary of the†¦ †¦ †¦ †¦ Protechno Media Limited/Private Limited. And that all the demands of the Companies Act, 1956, and the regulations at that place under in regard of affairs precedent to the enrollment of the said company and incidental thereto have been complied with. And do this solemn declaration scrupulously believing the same to be true. This signifier contains information about the registered office of the proposed company. FORM NO. 18 Registration No. of the Company1090 Nominal Capital: Rs2,50,00,000 THE COMPANIES ACT, 1956 Notice of the situation/change of state of affairs of registered office [ Pursuant to segment 146 ] Name of the company – Protechno Media Ltd Company Notice is herewith given that — — 1. ( a ) the registered office of the company is situated in Jalandhar ( Punjab ) .with consequence from [ day of the month ] 20.11.09 ( B ) The state of affairs of the registered office of the company of was changed from to with consequence from [ day of the month ] 2. Situation of registered office falls under the legal power of Jalandhar ( name of the constabulary station ) . * Dated this thirtieth Day of Nov 2009 Signature Prankur Rastogi Name PRANKUR RASTOGI ( In Block Capitals ) Appellation Chairman *State reference of close constabulary station with territory and tehsil. This is a consent obtained from all the proposed managers of the proposed company to move as managers of the proposed company. FORM NO 29 Registration No. of Company..1090†¦ †¦ †¦ †¦ †¦ Nominal Capital Rs.2,50,00,000†¦ †¦ †¦ THE COMPANIES ACT, 1956 Consent to move as manager of a company and/or set abouting to take and pay for making portions [ Pursuant to subdivision 264 ( 2 ) /266 ( I ) ( a ) and 266 ( 1 ) ( B ) ( three ) ] Name of company Protechno Media Limited Presented by†¦ . Protechnicals Group†¦ †¦ †¦ †¦ . To the Registrar of Companies†¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ Jalandhar†¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ . I, the undersigned, herewith attest my consent to move as manager of the†¦ Protechno Media Limited†¦ Pursuant to subdivision 264 ( 2 ) /266 ( 1 ) ( a ) of the Companies Act, 1956 and attest that I have non been disqualified to move as a manager under subdivisions 267 and/or 274 of the Companies Act, 1956. I, the undersigned holding consented to move as manager of the.Protechno Media Limited, besides herewith undertake to take from the said company and wage for..5000†¦ .. portions of Rs.20†¦ †¦ Each, being the number/value of the portions prescribed as the making portions for the office of manager of the said company. Name and family name in full and male parent ‘s names Address Occupation Date of birth Nationality Signature 1 2 3 4 5 6 Prankur Rastogi s/o Pawan Rastogi businessman 04-04-88 Indian Prankur Rastogi Signature Dated the†¦ †¦ †¦ .20th of†¦ .Nov†¦ †¦ †¦ †¦ †¦ . 2009†¦ Prankur Rastogi†¦ Designation Chairman This signifier shows the fact of assignment of the proposed managers as the board of managers FORM NO. 32 Registration No. of Company.1090†¦ †¦ †¦ †¦ . Nominal Capital Rs.25000000†¦ †¦ †¦ .. THE COMPANIES ACT, 1956 Particulars of assignment of managers and director and alterations among them [ Pursuant to subdivision 303 ( 2 ) ] Name of Company†¦ †¦ . Protechno Media Ltd Company Presented by†¦ †¦ . Prankur Rastogi Note: — – If a company has no specifics to be included in one or two of the headers ‘A ‘ ‘B ‘ and ‘C ‘ the parts incorporating those headers ( in regard of which the company has no specifics to be included ) need non be filed. A. Appointment of and alterations among managers. Name or names and family name in full Father's/ hubby ‘s name Usual residential reference Nationality Date of appointme National Trust or alteration Brief specifics of alterations 1 2 3 4 5 6 Notes: ( 1 ) A note of alterations should be made in column 6 e.g. by infixing against the name of new manager, etc. the words â€Å"in topographic point of†¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ and by bespeaking against the name of the former manager, the cause for the alteration, e.g. by decease, surrender, retirement by rotary motion, disqualification etc. ( 2 ) In instance of pull offing manager, his appellation should be stated with his name in columan1. B. [ *** ] C. Appointment of and alterations in director ship and secretary ship. Name or names and family name in full Father's/ hubby ‘s name Usual residential reference Nationality Date of appointme National Trust or alteration Brief specifics of alterations 1 2 3 4 5 6 Dated the†¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ twenty-four hours of†¦ †¦ †¦ †¦ ..19 Signature†¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ .. Appellation†¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ .. Notes: ( 1 ) For the intents of this signifier, specifics of a individual appointed as director within the significance of subdivision 2 ( 24 ) of the Companies Act, 1956 demand be given. ( 2 ) A note of alteration as besides the cause of alteration e.g. , by decease, surrender, remotion, disqualification, etc. should be stated in column 6. Memorandum of Association ( MOA ) and the Articles ofAssociation ( AOA ) Of A CompanyNow on reception of the name blessing missive from the ROC the MOA and the AOA are required to be drafted. The MOA states the chief, accessory / subordinate and other objects of the proposed company. The AOA contains the regulations and processs for the everyday behavior of the proposed company. It besides provinces the authorised portion capital of the proposed company and the names of its first / lasting managers. After that the MOA and AOA are required to be stamped and a cast responsibility based on the authorized portion capital is to be paid.Contentss Of MemorandumThe name of the company. The province in which the registered office of the company is to be situated. Limited liability. Share capital. Object of the company A public company has the option of ask foring the populace for subscription to its portion capital. Consequently, the company has to publish a prospectus, which provides information about the company to possible investors. The Companies Act specifies the information to be contained in the prospectus. Articles of association- The articles of association or merely articles are the regulations, ordinances for the internal direction of the personal businesss of the company. They are framed with the object of transporting out the purposes and object as out in the memoranda of association. The articles are following in importance to the memoranda of association which contains the cardinal conditions upon which entirely a company is allowed to be incorporated. They are as such subsidiary to, and controlled by the memoranda. Contentss of articles- It contains commissariats associating to the undermentioned affairs. Share capital. Lien on portions. Calls on portions. Transportations of portions. Transmissions of portions. Conversions of portions in to stock. Shares warrants. Change of capital. General meetings. Directors and secretary. Dividends and militias. Capitalization of net incomes. The Articles of Association contain the regulations and ordinances of the company for the direction of its internal personal businesss. While the Memorandum specifies the aims and intents for which the Company has been formed, the Articles lay down the regulations and ordinances for accomplishing those aims and intents.The Certificate Of IncorporationAfter the paperss in FAQ 5 are filed, the ROC calls the lawyer on a specific day of the month for examination and doing the corrections in the MOA and AOA filed. On following with the same, the certification of incorporation is granted to the lawyer. When the requite papers are filed with the registrar, the registrar satisfy himself that the statutory demands sing enrollment have been punctually complied. After this a certification of incorporation given by the registrar in regard of a company is conclusive grounds that all the demands of the companies act have been compiled with in regard of enrollment. After the duly stamped Memorandum of Association and Articles of Association, paperss and signifiers are filed and the filing fees are paid, the ROC scrutinizes the paperss and, if necessary, instructs the authorised individual to do necessary corrections. Thereafter, a Certificate of Incorporation is issued by the ROC, from which day of the month the company comes in to existence. It takes one to two hebdomads from the day of the month of registering Memorandum of Association and Articles of Association to have a Certificate of Incorporation. Although a private company can get down concern instantly after having the certification of incorporation, a public company can non make so until it obtains a Certificate of Commencement of Business from the ROC.Document To Be Filled With The Registrar:The documents/forms stated below are filed along with Memorandum of Association and Articles of Association on payment of filing fees ( depending on the authorised capital of the company ) : Declaration of conformity, punctually stamped Notice of the state of affairs of the registered office of the company Particulars of Directors, Manager or Secretary Authority executed on a non-judicial cast paper, in favor of one of the endorsers to the Memorandum of Association or any other individual authorising him to register the paperss and documents for enrollment and to do necessary corrections, if any The ROC ‘s missive ( in master ) bespeaking the handiness of the name. Before the advertisement company is registered, it is indispensable to determine from the registrar of companies and if the proposed name of the company is approved so the undermentioned paperss punctually stamped together with the necessary fees are to be filed with the registrar. The memoranda of association. The article of association. The understanding. Declaration. When a company is registered and a certification of incorporation is issued by the registrar the company becomes a distinguishable legal entity, its life commences from the day of the month mentioned in the certification of incorporation. And the company requires a ageless sequence. The member may come and travel, but it goes on forever, unless it is wound up. A public limited electronic media company has to be obtained certification to commence concern before it can get down concern.Tax Registration-Businesss apt for income revenue enhancement must obtain a revenue enhancement designation card and figure [ known as Permanent Account Number ( PAN ) ] from the Revenue Department. In add-on to this, concerns apt to keep back revenue enhancement must needfully obtain a Tax Deduction Account Number ( TAN ) . Both the PAN and the TAN must be indicated on all the returns, paperss and correspondence filed with the Revenue Department. The PAN is besides required to be stated in assorted other paperss such as the paperss refering to sale or purchase of any immoveable belongings ( transcending Rs. five hundred thousand ) , sale or purchase of a motor vehicle, clip sedimentation ( transcending Rs. 5 hundred thousand ) , contract for sale or purchase of securities ( transcending Rs. 10 hundred thousand ) , to call a few Filing Registering/Approving Authority One transcript has to be submitted along with a forwarding missive addressed to the concerned Registrar of Companies.Enclosures-The declaration must be submitted with the undermentioned annexure. Document attesting payment of fee. Memorandum and Articles of Association. Transcript of understanding if any, which the proposed company wishes to come in into with any person for assignment as its managing or whole-time manager or director Power of Attorney from endorsers. Letter from Registrar of Companies doing names available. No expostulation letters from directors/promoters. Needed fees must be either in hard currency or demandCompany Get downing Business OperationssAfter having the certification of incorporation, the public company has to finish certain other legal formalities such as a statutory meeting ( within 6 months ) , statutory study, etc. On completion of the said formalities and on filing of the statutory study with the ROC the ROC issues the enfranchisement of beginning of concern to the company. Thereafter, the Public Company can get down the concern operations. The Private Company can get down its concern instantly on incorporation. Certificate of incorporation Form 1 No 55-009877 of 2009-10 I hear by certify that †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Protechno Media Limited†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦is this twenty-four hours incorporated under The companies act 1956 ( NO 1 of 1956 ) and that the company is limited Given under my manus at†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Jalandhar†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦this twenty-four hours †¦ †¦ †¦ .day of 20†¦ . 09 SD/- Mr.Y.B.Singh Registrar of Companies Jalandhar, Punjab This was the certification issued by the registrar of companies for the incorporation of company Certificate of beginning of concern [ Pursuant to subdivision 149 ( 3 ) of companies act 1956 ] I hear by certify that the †¦ †¦ . Protechno Media ltd†¦Ã¢â‚¬ ¦ . which was incorporated under The companies act of 1956†¦Ã¢â‚¬ ¦.on the thirtieth twenty-four hours of November 2009 And which has punctually verified declaration in the prescribed signifier that the conditions have been compiled with is compiled to get down the concern Given under my manus at†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Jalandhar†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦this †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7th†¦ .day of November 2009. SD/- Mr Sohan Singh Asst Registrar of Companies Jalandhar, PunjabContractsMy company i.e. Protechno media ltd, a fabrication company has contracted with two companies in which 1 is an advertisement company for the advertizement of the merchandises and secondly with a computing machine fabrication limited company. The first contract is with High Ad ltd Company owned by Sarpreet Kaur as one of the Board of Member. We have contracted for Rs 5, 00,000 for the advertizement of our company and our merchandises like TVs, LCDs and Computer french friess etc. The other contract is with Infojets ltd of Heramb Agrawal for Rs 10, 00, 000 as their company needs LCDs for their company from our company. All the indispensable elements for a contract and the footings & A ; conditions are fulfilled and are lawfully enforced by jurisprudence.Weaving Up Of The CompanyIf the members of the company are reduced below the minimal no. of members in the company, it is traveling to be wound up by the tribunal. It is a compulsory weaving up of a company. For this the Registrar presents a request for weaving up of the company. Now after that the tribunal will take any action against the company on hearing request as it canDismiss it, with or without cost.Adjourn the hearing conditionally or unconditionallyMake an interim order that it thinks tantrumMake an order for weaving up the companyConsequences of weaving up by the tribunalO Intimation to official Liquidator and RegistrarO Copy of weaving up order to be filed with the registrarO Suits stayedO Court addition legal power to entertain1. Any suit against the company 2. Any claim made by or against the company 3. Any application made under sec.391 for via media with creditors and/or members 4. Any inquiry of precedences which may originate in class of the weaving up of the companyMentionsMercantile Law -by N D Kapoor hypertext transfer protocol: //www.sethassociates.com hypertext transfer protocol: //www.articlesbase.com/patents-articles/company-incorporation-the- procedure-for-incorporating-a-company-in-india-1390673.html

Netflix Is The World s Leading Internet Television Network

Alex Lee As mentioned by the Netflix CEO, Reed Hastings, the core of the company’s business is providing DVD by mail and streaming. Netflix incorporation is in the business of providing on-demand internet streaming entertainment and providing DVD media by mail to many parts of the world. Netflix is the world’s leading internet television network with fifty million members among forty countries such as North America, South America, United Kingdom, Finland, Ireland, Norway, Netherlands, Denmark, and Belgium. This American company started in 1997 with its headquarters based in Los Gatos, California. Subscribers of Netflix are given the ability to experience billions of hours of TV shows and movies per month. The members are allowed to watch†¦show more content†¦Businesses that have few powerful buyers are not often able to dictate the terms and conditions of a business. However in Netflix’s scenario, there are many powerful buyers which enforces the companyâ€℠¢s terms. The buyers are so powerful that the Netflix CEO had to respond to the world with a written apology. The New Market entrants include Amazon Prime, HBO Go, Hulu Plus, and Vudu. These companies were attracted to the Internet streaming entertainment as being a profitable industry. However, Netflix maintains its land by its originality i.e. being the first large scale operation of its kind. Netflix also holds the most content making survival for the future companies very difficult. Supplier power is a measure of how easy it is for a company to raise prices. As far as supplier power goes, Netflix has a good brand reputation, geographical coverage, and high quality product and service with their customers than the competitors. In terms of substitute products, Netflix has a high quality product that was developed as a result of high level technology compared to the competition. Strong substitute products that exist in the market will increase the likelihood that customers would sw itch to alternatives if prices rise. The impact of substitutes will reduce the power of suppliers and the market attractiveness. Among all else, Netflix continues to be a force to be reckoned with in the online streaming industry compared to its competitors. Netflix’sShow MoreRelatedNetflix Is The World s Leading Internet Television Network1741 Words   |  7 PagesNetflix, Inc. is the world’s leading Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of TV shows and movies per day, including original series, documentaries and feature films (Netflix: Overview, n.d.). The company offers subscription service streaming movies and television episodes over the Internet and DVDs by mail. Netflix operates its business via National streaming, Global streaming and Domestic DVD; the company obtains contentRead MoreNetflix Is The World s Leading Internet Television Network1367 Words   |  6 PagesNetflix is one of the smartest ideas to turn reality in our generation. They are currently the world’s leading Internet television network. It has over 93 million subscribers and can be viewed in over 190 countries. Netflix has more than 125 million hours of movies, shows and other cinema available for its members to watch at anytime, anywhere. Even though Netflix is now a multibillion dollar company and leading the way in its industry ,it had a rocky start and took years of time and effort beforeRead MoreThe Canadian Media Company Profile1439 Words   |  6 Pagesfocus in radio, television, digital media and outdoor advertising. According to the company s website, it creates builds contents and brands that are tailor made to inform, inspire, entertain and engage audiences through their most preferred platforms. Bell Media owns thirty local television stations, 30 specialty channels and four pay television services. Its CTV is the local television station that is rated most high in terms of viewership. The RDS and TSN are also the country s most watched specialtyRead MoreNetflix Strategic Management7016 Words   |  29 Pages| Netflix | Heather Murdock, Brian Wynn, Joseph Casey, Samuel Faulkner, Allen Porter, Josh Blum | | The University of Memphis | 4/13/2013 | | â€Å"Netflix, Inc. is the world’s leading Internet television network with more than 33 million members in over 40 countries enjoying more than one billion hours of TV shows and movies per month, including original series. For one low monthly price, our members can watch as much as they want, anytime, anywhere, on nearly any Internet-connectedRead MoreNetflix : Case Study Analysis10160 Words   |  41 Pages NETFLIX: CASE STUDY ANALYSIS Kevin Graham Capstone Project Minot State University July 27, 2015 Table of Contents Synopsis/Executive Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 Purpose of the Case Study†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...3 Field of Research†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 The Netflix Business Model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 Theoretical Framework: Porter’s Five Competitive Forces†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...6 Issues and Summary Findings†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.7 SWOT Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreTelevision Has Changed Our Lives1592 Words   |  7 PagesTelevision has been an everyday experience on most people’s lives for the last 80 years. Over these years it has changed the way people see the world and how people got their news. It has changed people socially; it has sparked fads and fashion. With radio people were not worried about their appearances or how the listener saw things. All of the radio listeners had were their imagination, television helped conceive what characters actually looked like on the shows. People, including myself, haveRead MoreBlockbuster Video3231 Words   |  13 PagesStrategic Planning for Organizations Instructor Sandra Watts 22 October 2012 Blockbuster Video The always changing world of technology creates a challenge for many older businesses that once thrived years ago. Americans along with many other countries are becoming centered around immediate gratification and in a way, lazy. Fast is better and right now wins. When Netflix came into the homes of millions, it almost seemed like the end of all other movie rental providers. A change in leadershipRead MoreNetflix: Problems and Solutions3159 Words   |  13 Pagesï » ¿Netflix: Problems and Solutions Background While most users didnt find Netflix to be a widespread or household name until 2003-2004, Netflix was actually founded much, much earlier. Reed Hastings and Marc Randolph were two of the primary founders of Netflix, and they were both what is known as new technology entrepreneurs, seeking to rent and sell DVDs on the Internet marketplace (IDCH, 2004). One of the anecdotal parts of how the company began was in connection with how Hastings, who offeredRead MoreNetflix Case Study Analysis7552 Words   |  31 PagesNetflix, Inc., (NASDAQ:  NFLX) is an American provider of  on-demand  internet  streaming media  in the United States, Canada[5], and Latin America and  flat rate  DVD-by-mail  in the United States. The company was established in 1997 and is headquartered in  Los Gatos, California. It started its  subscription-based  digital distributionservice in 1999[6]  and by 2009 it was offering a collection of 100,000 titles on DVD and had surpassed 10 million s ubscribers. On February 25, 2007, Netflix announced the billionthRead MoreNetflix Case Analysis Essay3260 Words   |  14 Pages4 – Financial Data †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 12 Exhibit 5 – SWOT Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 14 Sources †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 15 Executive Summary This report analyzes the strategic and financial performance of Netflix in the movie and video stores industry. Through an examination of the video retailing industry’s five forces model, driving forces, key success factors, financial statements, and SWOT analysis, we have been able to clearly articulate Netflix’s position