Redbox was created to fill a customer need in the marketplace, renting low-cost movies in a convenient location. While the company was not profitable in the first two years due to the capital intensive nature of the inventory, it is now America's No. 1 choice for movie rentals and has over 27,800 kiosks across the country dispensing DVDs, Blu-ray, and video games. Redbox is located conveniently in over 400 retail partnerships, where customers can rent a DVD for only $1.00 per day. Redbox has responded to the challenges of continuously advancing technology by allowing customers to view kiosks' inventory and reserve items online, and search Redbox's database for the closest kiosk that has a desired item in stock. A diverse workforce is important …show more content…
This type of environment has a strong significance because it allows for different types of ideas, thoughts, innovation, work, and engagement to occur. Utilizing diversity in a company’s workforce gives them a look into how different cultures and backgrounds perceive the need of customer service and product offerings. Having someone that is not originally from the United States as a part of a Team with those who are, allows for the flow of ideas to be very broad and reach a multitude of differences. Redbox having a diverse workplace gives them as a company a competitive advantage to rivals or new comers into this particular market. Employee diversity allows for a better understanding of Redbox’s customer base. The workforce being equally diverse as their customers allows for improved quality in their service to their customers. The diverse workforce recognizes that customers are primary the stakeholders of the company and Redbox’s diverse workforce gives the company more understanding of how to respond to needs of their customer …show more content…
The major risks in the Redbox start-up that prevented venture capitalist from investing in the company was the fear of no profit and advantage to their business. The businesses were afraid that the Redbox wouldn’t grow their revenue and profits, while making a profit for Redbox. Competition from other providers, including those using other distribution channels, having more experience, better financing, and better relationships with those in the movie industry, than Redbox has, including traditional video retailers like Blockbuster, online retailers like Netflix, other retailers like Wal-Mart, pay-per-view, cable or satellite and similar movie content providers like Time Warner, and other forms of movie content providers like computer download sites. Changes in the sequential timing of when movie content is provided to the various movie content distribution channels; for example, studios may change, shorten or discontinue altogether the period they have historically provided between the time movie content is provided to more traditional video retailers usually directly after theatrical release and to other movie content providers such as pay-per-view, cable or satellite and computer download providers will usually only after a significant period of time following distribution to the more traditional video retailers, usually one month or longer. Changes in consumer content delivery preferences and increased
Introduction Diversity is a characteristic that is characterized by the recognition and shared regard of the similarities and differences in culture, age, ethnicity, gender, religion, sexual orientation, and experiences that make people unique. Many people suppose that the Canadian society is diverse and problems such as discrimination and racism are not difficulties affecting this community. Canadians understand that they are characterized by diversity, tolerance, and acceptance and that these are the traits that virtually define the values of this nation. Although many people assert that the country is diverse, previous cases and literature have portrayed how the Canadian society is segregated and intolerant. The most disturbing elaboration of intolerance in the Canadian society was the Saskatoon starlight tours where law enforcement officers would pick aboriginals from their communities, and they were taken to the outskirts of the city in the dead of winter where they were left for dead.
Through out the world there are many companies that are working the same task as us, but in different race, gender, language, religion, education and skills. Although these companies are different they share the same goals and that is called diversity. Many of the components that make a company unique are how diversity is applied in an organization. More specific, “Sephora operates approximately 1,900 stores in 29 countries worldwide, with an expanding base of over 360 stores across North America.” As a result, employees will adapt to any change in the environment more rapidly than those who do not offer diversity in their companies, since diversity breeds innovation and innovation breeds business success.
I. Introduction Blockbuster is a provider of home movie and video game rental service through video rental shops, DVD-by-mail, streaming, video on demand, and cinema theater. This United States of America (USA)-based company had more than 9,000 stores in 2004, with more than 2,000 stores overseas. Blockbuster started with the retail film and video games in 1985. After the first few stores successfully seized customer demands, Blockbuster had been approached by many bigger companies and corporations. Since then, Blockbuster had undergone huge changes, from franchising to play into international markets.
(Collins, 2012) Federal regulations prohibit discriminations against workers based on color, religious beliefs, physical disabilities or age. Ensuring our workforce understands cultural diversity will help avoid the organization suffering from any lawsuits due to discriminatory behavior. A lack of understanding of cultural diversity could also lead to a lesser understanding of a potential customer/consumer market. The organization can become more
Immigrants bringing diversity and culture to the U.S: Immigrants come to the U.S for hope of a better future for themselves and their family. Not to mention that, they help the U.S to be a stronger and diverse country. Immigrants bring so much to the U.S. For example: their culture, experience, traditions, foods, holidays etc. In the mexican culture; they carry their language, religion, and values.
With the help of the results, Cineplex executives were able to differentiate the valuable group of customers. Cineplex was not individually attached to the customers and it was being challenging for Cineplex to target consumers for specific movies and special events. It became the mission of Cineplex executives to link box-office and concession purchases to a specific customer to create
Reading the article helped me see that diversity is more than just race; it has variance between skin color, wealth, education level, religious beliefs, and gender identity. One of the concepts from the article that intrigued me was how someone could be dismissive when interacting with a diversity wheel, a diagram categorizing race, sex, social class, and other things related with society. To the person examining the wheel, it does not show anything unique. However, that same wheel could be remarkably different to someone else. Multiple diversity wheels contain various differences of backgrounds from person to person, making it easier to see diversity on paper.
- Diversity brings a variety of ideas and viewpoints to the organisation especially when creative problem solving is required. - Diversity increases passionate workers and makes work fun and
The DVD arrange, which can store a brilliant duplicate of a whole element film on a solitary five-inch circle, had been presented in the spring of the year and not as much as a thousand titles were then accessible. In spite of the fact that the equipment expected to play DVDs was genuinely costly and claimed by moderately couple of Americans, Hastings and Randolph thought the plate had the reasonable potential to supplant bulkier, bring down determination tape as the customer arrangement of decision. Key to the company's underlying procedure was the way that few video stores conveyed DVDs, making leasing them in person a hit-or-miss undertaking. The organization opened for business on April 14, 1998, with 30 workers and 925 titles for lease, which traded off almost the whole inventory of DVDs in print. Netflix at first offered a seven-day DVD rental for $4, in addition to $2 shipping, with the cost going down when extra circles were leased.
Importance of Diversity in Workplace Cultural diversity includes differences in the composition of the members of an organization in terms of nationality, race, color, gender, creed, religion or age; in other words, a variety of cultures found among people from different environments. Organizational behavior be referred to the nature of the interactions between individuals and groups within an organization. The positive influence of cultural diversity makes it easier for members of an organization build relationships and know one another regardless of their origins and their environment. "Diversity and Inclusion brings in diverse different talents together working towards a common goal using different sets of skills that ignites their loyalty and increases their retention and productivity" (Sahar Andrade, 2010).
According to the literature there is no agreement about the effects of cultural diversity on team performance. What is certain is that the role of multicultural teams has increased a lor in the latest years and multinational companies started to pay great attention on these effects. Generally cultural diversity can affect the team performance in three ways: ● People find easy to work and cooperate with whom shared similar values, attitudes and beliefes according to the cultural similarity theory; ● People tend to class themselves according to their social identity and use their group norms to judge others people behaviour according to social categorization theory; ● An effect of (cultural) diveristy in team can bring a wider variety of networks and prespectives improving the team performance according to the information-processing theory. Pieterse,Knippenberg and Dieredonck define cultural diversity as a “double edge sword” (Milliken & Martins, 1996; Phillips, Northcraft, & Neale, 2006) and try to find out when could be a benefit or a detriment.
The negative consequences of diversity can reduce creativity and innovation, problem solving, and workgroup cohesiveness (Ziller, 1973; Lott & Lott, 1965; Randolph & Blackburn, 1989; Jackson, 1991). As a result, these negative consequences can reduce market share, profitability, and achievement of organizational goals (Cox, 1993, p.
Challenges There are both negative and positive benefits to the workplace that encourages diversity. According to Bill Clinton, “The price of doing the same old thing is far higher than the price of change.” The advantages of diversity outweigh the challenges. Workers from various backgrounds can offer a selection of different aptitudes, skills and experiences that benefit the company and their work performance.
Our society today is filled with lots of diversity. Everyone has insecurities, along with struggles they have to overcome. I once heard a quote that explained the way I was feeling, it read, “When life gives you every reason to be negative, think of all the reasons to be Positive. There’s always someone who has it worse.” Ever since I was a little girl, I have always been very insecure about myself, and how others view who I am.
As a business, MBO have to ensure create a healthy growth rate in all areas of the business MBO cinemas spread to 26 outlets with 191 screens that can make the strong in third biggest cinemas in Malaysia. These business customer are happy to get as many of the region close to many and big shopping mall. Also our customer can enjoy our live stage performance. All the outlets located in the mainly shopping mall in every city. With this, the moviegoers can go in nearly place to feel the amazing viewing of this