solved Before the advent of DVDs and streaming entertainment, there was

Before the advent of DVDs and streaming entertainment, there was a company that dominated the home entertainment market, called Blockbuster. Blockbuster was founded in 1985 and quickly grew to include thousands of free-standing video rental stores all over the world. At the peak of its success, Blockbuster’s revenues reached almost $6 billion dollars. Ultimately, however, Blockbuster was forced to file for bankruptcy a few short years later, as competitors Netflix and Redbox secured large portions of the market share. Why did Blockbuster fail? The reasons are many and complex; however, one of the largest contributing factors was Blockbuster’s strategy. Specifically, Blockbuster never fully committed to a digitally driven strategy that would have allowed it to compete with Netflix. Instead, the organization reverted to its traditional strategies, which consisted of serving customers in brick-and-mortar stores and relying on late fees to drive profits (Antioco, 2011).In this Discussion, you will examine specific examples of organizations that have selected and executed organizational strategies and the degree to which those strategies were successful. You also will consider different factors that account for the selection and execution of successful strategies.Reference:Antioco, J. (2011, April). Blockbuster’s former CEO on sparring with an activist shareholder. Harvard Business Review, 89(4), 39–44.To prepare for this Discussion:Read the assigned chapters in Organization Theory and Design and Designing Organizations: Strategy, Structure, and Process at the Business Unit and Enterprise Levels. Pay particular attention to the role of strategy in organization design. In addition, examine the Porter model of competitive strategies and the Miles and Snow strategy typology in the Organization Theory and Design, which provide guidance on formulating strategies.Read the articles, “The Five Competitive Forces That Shape Strategy” and “The Strategy Palette: Five Approaches to Strategy for a Complex World.” Think about which factors are important to consider when creating an organizational strategy.Read the articles, “Think Tank-Beyond the Five Forces Model and Blue Ocean Strategy: An Integrative Perspective from Sun Zi Bingfa” and “Red Ocean Traps: The Mental Models that Undermine Market-Creating Strategies.” Consider the pros, cons, and common pitfalls of using blue ocean and red ocean strategies.Read the article, “Uber’s Competitive Advantage Vis-à-Vis Porter’s Generic Strategies.” Think about how Uber used a hybrid strategy (i.e., cost leadership and differentiation) to gain competitive advantage in the ride sharing industry.Identify an example of an organization that executed a successful or unsuccessful strategy to improve its competitive advantage. You may choose an example from the case studies in the Organization Theory and Design text or from researching organizations on your own.Using the models and typologies from this week’s Learning Resources, determine which type(s) of strategy that your identified organization executed and whether or not it was successful.By Day 3Post a response to the following:Explain the role of strategy in organization design. Then, describe an example of an organization that executed a new strategy to improve its competitive advantage. In your description, be sure to identify the type(s) of strategy that the organization executed based on the models and typologies in this week’s Learning Resources. Finally, explain whether or not the strategy was successful.