Shakespeare
“FORMATIVE ASSESSMENT 1 [100 Marks] Read the extract below and answer ALL the questions that follow The internet didn’t kill Blockbuster, the company did it to itself. The video-rental company Blockbuster was at its peak in 2004. They survived the change from VHS to DVD but failed to innovate into a market that allowed for delivery (much less streaming). While Netflix was shipping out DVD’s to their consumer’s homes, Blockbuster figured their physical stores were enough to please their customers. Because they had been the leader of the movie rental market for years, management didn’t see why they should change their strategy. Back in 2000, the founder of Netflix Reed Hastings proposed a partnership to the former CEO of Blockbuster John Antioco. Netflix wanted Blockbuster to advertise their brand in the stores while Netflix would run Blockbuster online. The idea got turned down by Antioco because he thought it was ridiculous and that Netflix’s business model was “niche business”. Little did he know that Hasting’s idea would have saved Blockbuster. In 2010 Blockbuster filed for bankruptcy and Netflix is now a $28-billion-dollar company. The Forbes article aptly describes what exactly happened to Blockbuster, “The internet didn’t kill Blockbuster, the company did it to itself.” Source: (www.valuer.ai) Discuss how Blockbuster failed to innovate at the time; and how they could have restored brand equity. A brief introduction is included. A good understanding of factors that lead to companies failing to innovate, is essential(500 words) “

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“Write a three to five-page application essay for admission to master of arts in theology at vst. The following items below are examples of topics to include in the essay: reflect on your life experiences, and then describe your story thoughtfully and authentically; 1.life experience(s) that has been profoundly formative in your faith and/or life. 2. ways in which your faith in God and/or your spirituality affect the way you see the world(other people, creation, yourself, including your calling. 3. a significant experience, question or concern that inspires and motivates you to pursue graduate theology study.”

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