MGT 411 Week 5 Innovation Entrepreneurial Change Presentation (Blockbuster)

MGT 411 Week 5 Innovation Entrepreneurial Change Presentation (Blockbuster)

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Use the same organization that your team selected for the Week 3 Innovation/Entrepreneurial Change Annotated Bibliography Assignment.
Create a 12- to 15-slide Microsoft® PowerPoint® presentation, with detailed speaker’s notes, on your innovative strategic plan to move the organization back to innovative vitality.
Present two innovative solutions that the organization can use to solve its current downfall.
Address the following in your presentation:
 The history and process that led the organization to its current state (include an analysis of the missed opportunities for innovation as well as an analysis of the organization’s ecosystem in terms of innovation).
 A comprehensive description of the proposed innovation strategy, that includes:
 Details on the process for change
 Key players within the organization
 The most critical market impact
 Technology acquisition plans
 Current competition profiles
 An analysis of leadership within the organization and its ongoing role in innovation moving forward.
 Details on measurement and reward systems for existing employees, including motivational strategies for change management.
 Description of implementation and evaluation plans for innovation.
 Short-term goals (e.g. cultural change toward innovation, market entry, organization re-vitalization) and long-term goals (strategies for global presence, long-range innovation) for innovative change.
Format your presentation consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

MGT 411 Week 5 Innovation Entrepreneurial Change Presentation (Blockbuster)

What makes a business successful and profitable? Does innovation and entrepreneurial behavior improve new ideas and generate more choices and benefits for customers? Is strategic management and planning necessary within a company? An overall review of the home entertainment company, Blockbuster, was required in order to understand the missed opportunities and attempt to find remedies and solutions that would be beneficial for the customers and profit generating.
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A Little Bit of History…1985 – The first Blockbuster opens in Dallas, TX1992 – By this time, Blockbuster is the undisputed video rental leader, with over 2,800 stores worldwide.1994 – Viacom buys Blockbuster for $8.4 billion.1997 – Reed Hastings founds Netflix, partly out of frustration after being fined $40 by Blockbuster for being late in returning a movie.1999 – Blockbuster becomes public, increases its steady flow of cash.
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More History…2000 – The associated press estimates that Blockbuster takes in almost $800 million in late fees, which accounts for roughly %16 of its revenue.2002 – Netflix goes public.2004 – Blockbuster is at its peak, with about 9,000 stores globally.2007 – Blockbuster CEO steps down after feuding with investo