Competition in the Marketplace

Your company, Rasmussen Consulting, was hired by MovieFlix, a company that provides subscription service for on-demand Internet streaming media and DVD-by-mail within the U.S. You are the consultant that Rasmussen has decided to assign the MovieFlix case to.

To begin your assignment you will need to select one of the business problems:

You will select one of the following business problems for your project:

Mismatch between the skills needed from employees and the talent available. There is a perceived shortage of talent in the market.
Shortage of talented employees due to people finding employment overseas.
Integrity – employees, and company executives have decided to cut corners, omit information, lie, steal, and deceive to get ahead.
Cash, borrowing, and resources management – the company is having a problem managing their cash flow; capital expenditures and receivable collections are draining their cash.
Increased competition in the marketplace.
Marketing and Customer Loyalty – challenge to market to potential customers effectively and retain existing customers.
Uncertainty – short-term focus due to economic uncertainty; lost focus with long-term planning in favor of shorter-term goals.
Problem Solving and Risk Management – problem with identifying, assessing, and mitigating risks.
Finding the right staff – finding the right staff, retaining them, and ensuring they buy into the vision of the business

You will need to do the following:

Part I

Research your business issue. You will need to use a minimum of 4 credible sources for your research, with 2 being academic sources, such as a book or an academic scholarly journal. Academic scholarly journals can be accessed through the Rasmussen Online Library. For business sources, ProQuest and EBSCO Host are helpful.

*A note about credible sources: Credible sources are reliable, accurate, and trustworthy. These sources are written by authors respected in their fields of study. You want to identify sources where the author of the article is listed, if they’ve referenced other information, the sources should be cited so that you can check for the accuracy of and support what they have written. Wikipedia is not considered a credible source. For more information on credible sources, please visit the Rasmussen Online Library.

In 2- pages, describe the problem that you’ve selected:

What is the problem?
Why is it a problem for businesses?
Why does this problem exist or what causes it?
What are some of the consequences if the problem goes unsolved?
Remember to use proper tone in your paper. You are speaking from a “consultant” point of view. Your audience is the Leadership Team at MovieFlix.
Make sure to write your paper utilizing proper APA formatting guidelines, and to include an APA formatted title page. Use NoodleBib to document your sources and to complete your APA formatted reference page and in-text citations.

Part II

Now that you’ve shown MovieFlix that you’ve adequately researched their issue it’s time to write them a formal business letter to discuss next steps.

Write a formal business letter from your company (Rasmussen Consulting) to MovieFlix. For your letter, you will need to follow proper business formatting guidelines and use “block letter formatting.” Also, include an APA formatted title page
Your business letter needs to be a minimum of 2 pages in length and must include the following:
- Let MovieFlix know that you have researched the issue and what your conclusions are for their company based on your research.
- Discuss latest developments surrounding the issue.
- Describe what the first steps will be in helping them to resolve their issue. Explain why it’s important that these be the first steps and what your role will be in helping them to implement these first steps.

10 hours ago

REQUIREMENTS

paper Business and Professional communication

Answer preview……..

The problem that the company faces is increased competition in the market and this affects the market share. Competition arises from the new development of technology that leads to the change in the accessibility of the different content. The increase in the demand of the internet content creates the need to focus on the law of competition and the regulations that helps in focusing on the operations of the organization. The analysis of the market that the company serves is important as these guides the need to apply the relevant laws in the operations and the regulation of the change taking place in the market (Galperin, 2004). The on-demand content requires the need to focus on other competitors strategies and this creates the need to create the supremacy required in the market. The digital media has continued to disrupt the internet and this leads to the need to focus on the various networks and the advancement of technology that enhances the rising of the consumption of the content………..
APA 666 words