StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

High Perception of Netflix - Essay Example

Cite this document
Summary
The paper "High Perception of Netflix" states that during the decision-making process, a consumer is always at the alternative evaluation and purchase stage (Lamb, Hair and McDaniel 95) as she tries to gauge the suitability of the choice she is about to make…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
High Perception of Netflix
Read Text Preview

Extract of sample "High Perception of Netflix"

The consumer has done her comprehensive research and through the alternative evaluation process, it is apparent that the consumer does not have a high perception of Netflix. She expresses he reservations about the subscription since she is not sure whether she will get value for the money that she is going to put in on the subscription.

The entertainment business is a very dynamic field hence one can never be very sure about tomorrow due to the changing attitudes and perceptions of the consumers (Lamb, Hair and McDaniel 110). The success of Netflix's original series shows that their current market strategy has worked, but it is not a surety that they have secured their future market niche. The consumer who enjoyed the original series today may have based her decisions on some factors that emanate the current conditions around their physical environment such as social media trends. However, the consumer may find that she no longer enjoys the series due to their changing beliefs on the attributes of Netflix as the best entertainment provider (Lamb, Hair, and McDaniel 114). The consumer may further grow up and find the hit series today a bit amateurish due to a shift in her or her motivation regarding the meaning of entertainment (Lamb, Hair and McDaniel 112).

Many consumers’ purchase behavior takes the form of a flag that follows whatever pattern and direction of a gust of the blowing wind. As a search, there are very many cultural factors that influence a consumer’s decision to buy or not buy a Netflix subscription. There are very many subcultures such as religion, ethnicity, and race that inform most of the consumer behavior and choice (Lamb, Hair and McDaniel 102). The subcultures, therefore, have a bearing on the kind of entertainment that such groups will embrace since there are those that may not condone explicit sexual scenes, and there are those that may not have any issue depending on their value systems. Social class is another cultural factor that influences a consumers’ willingness to pay for a Netflix subscription (Lamb, Hair and McDaniel 103). Members of the middle class watch a lot more TV than members of the other classes hence they are more likely to buy the subscription due to the considerable time they spend in front of their TV screens.

The inner tension that the consumer feels is called cognitive dissonance (Lamb, Hair and McDaniel 97) that arises from the post-purchase psychological confusion. Cognitive dissonance is a post-purchase behavior that many consumers experience when they feel that they either made a wrong choice or the dealer gave them a raw deal. In this case, the consumer’s post-purchase behavior resonates with the definition of cognitive dissonance since she finds that she does not have an interest in the programs that Netflix offers in their subscription service. The consumer’s negative feedback for the product demonstrates her dissatisfaction with the brand since she claims that she uses the service much less than she had expected. The consumer feels that she both made a wrong decision to pay for the subscription and that the company did not honor the deal by failing to meet her expectations.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Netflix Essay Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
Netflix Essay Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/management/1701076-netflix
(Netflix Essay Example | Topics and Well Written Essays - 250 Words - 1)
Netflix Essay Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/management/1701076-netflix.
“Netflix Essay Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/management/1701076-netflix.
  • Cited: 0 times

CHECK THESE SAMPLES OF High Perception of Netflix

Financial Modeling Of Value At Risk Portfolio

This following report aims to analyze, justify, explain, recommend and conclude on the financial modeling outcomes of four shares of four different companies.... The analysis is carried out on the value at risk of a portfolio of four shares employing the techniques deployed in financial modeling....
20 Pages (5000 words) Essay

Netflix Inc

This research paper "netflix Inc" focuses on the elements of the marketing mix for netflix which includes the elements of the product, price, process, and physical evidence.... The product portfolio for netflix with regards to the target market audience would include a complete subscription package.... netflix Inc was founded in the year 1997 headquartered in Scotts Valley of California, with over 23 million subscribers in the U....
6 Pages (1500 words) Research Paper

Netflix 's Business Model and Strategy in Renting Movies and TV Episodes

This paper will therefore analyse Netflix case by focusing on the problems that resulted in the decline of netflix business.... Problems That Led to the Company's Decline The main problem that caused the decline of netflix resulted from mismanagement of the steady growth process that the company was undergoing.... Analysis Lack of a supportive business environment is the main factor that led to the decline of netflix.... netflix's Business Model and Strategy in Renting Movies and TV Episodes - Arthur A....
4 Pages (1000 words) Case Study

What Is Netflixs Strategy

What is netflix's strategy?... What type of competitive advantage is netflix trying to achieve?... The strategy that netflix uses is to provide a monthly subscription through which the subscriber has access to unlimited streamed video that includes movies and television, along with other video content.... The initial form of usage for netflix was to provide DVD's through the mail with rapid distribution and turn around but the focus is now in a low subscription price with streaming instant availability of a large body of content....
6 Pages (1500 words) Admission/Application Essay

Discussion of a current marketing problem

netflix cannot simply tell consumers that they need to change their habits or pay a price when the foundation of the service was home video delivery with tangible optical discs.... This gives them instant access to tangible video copies (not streaming video) that even netflix could not provide without a day or two wait for the mail system to deliver videos.... As such, subscribership began to drop as netflix was not providing cost incentives to avoid brand defection by once loyal consumers....
4 Pages (1000 words) Essay

The Example of Netflix as a Digital Distraction

For this reason, the paper will use Netflix as a positive distraction to expand upon the significance of netflix as an aspect of life which isn't just undeniable, rather proves to be quite healthy for the human body.... Distraction implies the engagement in any activity which isn't either considered productive in the course of natural routine, or which may cause the individual to indulge in behavior otherwise not sought essential....
11 Pages (2750 words) Research Paper

Occupational Behaviour

The aim of this study was to evaluate whether such liberal HR practices are actually a utor to why netflix continues to outperform competition and achieve substantially-high ratings from consumers who appear satisfied with its customer service practices.... Based on all research and investigation into theory of organisational behaviour and even human psychology, as well as business theory, it is recommended to implement a 360 degree feedback appraisal system at netflix and engage in the management-by-objectives ideology....
10 Pages (2500 words) Assignment

Managing Strategy for Netflix Company

The essay "Managing Strategy for Netflix Company" focuses on the critical analysis of the operation of netflix to determine the best strategic approach that suits the company's growth prospects.... To achieve this objective, the report is divided into sections beginning with an analysis of the external environment inflecting operations of netflix using the PESTEL framework.... here are several political, economic, social, technological, legal, and environmental factors with considerable impact on the operations of netflix....
13 Pages (3250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us