“How Netflix Expanded to 190 Countries in 7 Years” from Harvard Business Review

 

 

 

https://hbr.org/2018/10/how-netflix-expanded-to-190-countries-in-7-years

Call Center Waiting Time

 

Part 1: Globalization and Information Research

Context: Companies that perform well in their country of origin usually consider expanding operations in new international markets. Deciding where, how, and when to expand is not an easy task, though.

Many issues need to be considered before crafting an expansion strategy and investing significant resources to this end, including:

the level of demand to be expected for the company’s products/services
presence of local competitors
the regulatory, economic, demographic, and political environments

Carefully researching and analyzing these and other factors can help mitigate the inherent risk associated with an overseas expansion strategy, thus increasing the likelihood of success.

 

As a data analyst in your company’s business development department, you’ve been tasked with the responsibility of recommending countries for international expansion. You’ll write a report to the company’s executive team with your research, analysis, and recommendations.

Instructions:

Write a 525-word summary covering the following items:

According to the article listed above, what were the most important strategic moves that propelled Netflix’s successful international expansion?
The article mentions investments in big data and analytics as one of the elements accompanying the second phase of overseas expansion. Why was this investment important? What type of information did Netflix derive from the data collected?
According to the article, what is exponential globalization?
Not all international expansion strategies are a resounding success, however. Research an article or video that discusses an instance in which an American company’s expansion efforts in another country failed. According to the article/video you selected, what were the main reasons for this failure? Do you agree with this assessment?
Explain some of the reasons why certain companies’ expansion plans have failed in the past.

Part 2: Hypothesis testing

Context: Your organization is evaluating the quality of its call center operations. One of the most important metrics in a call center is Time in Queue (TiQ), which is the time a customer has to wait before he/she is serviced by a Customer Service Representative (CSR). If a customer has to wait for too long, he/she is more likely to get discouraged and hang up. Furthermore, customers who have to wait too long in the queue typically report a negative overall experience with the call. You’ve conducted an exhaustive literature review and found that the average TiQ in your industry is 2.5 minutes (150 seconds).

Another important metric is Service Time (ST), also known as Handle Time, which is the time a CSR spends servicing the customer. CSR’s with more experience and deeper knowledge tend to resolve customer calls faster. Companies can improve average ST by providing more training to their CSR’s or even by channeling calls according to area of expertise. Last month your company had an average ST of approximately 3.5 minutes (210 seconds). In an effort to improve this metric, the company has implemented a new protocol that channels calls to CSR’s based on area of expertise. The new protocol (PE) is being tested side-by-side with the traditional (PT) protocol.

 

Sample Solution

The corporate governance requirements adhered to In PayPal Holding Inc. are, we must have a review board, which must designate, assess, manage and control the activities of the organization’s evaluating firm. In addition, every money related exposures must agree to the law and reasonably speak to the organization’s condition, We are lucky to have an able, profoundly drew in and free Board of Directors who considers corporate governance very important. This is to ensure that management is responsible to the Board and that the Board is responsible to investors, it protect shareholders rights and treats all investors fairly, it ensure precise revelation on every single material issue, including the money related circumstance, execution, proprietorship and corporate administration. 2.3 Evaluate the classic and contemporary models used in developing business strategies and plans. As discussed previously, strategic management and planning is more or less the foundation of a company performance and progress. In developing strategies and plans, we must put to consideration the long term goals, dissecting the most vital issues that the plans needs to address, prioritizing, organizing and analysing feedback after implementation. There are plethora of classic and contemporary models that are efficient, but every company must choose the model that suits them. For example; in the case of PayPal Holding Inc. these were the models followed in developing our business strategies and plans. Models used in developing business strategies and plans Figure 5 Basic strategic planning model: We identified our purpose, approaches and action plan Issue based strategic planning model: This model involved execution, establishing budget, and carrying out a ‘SWOT Analysis’ (strength, weakness, opportunity, threat) Alignment strategic model: here we adjusted company our mission and resources so that they align Scenario strategic planning model: At this stage we outlined some events that could oc

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