This essay gives an insight on the four major TV network services –Fox, BBC, BT Sport and Netflix in UK. The details about the past performance and how have they evolved over the years. What changes were made by each of the network company to get to the present position of business? All the four companies have performed so well in their respective regions due to the combination of skilled labour, collaboration with government and private companies, innovation in technology, hiring suppliers who can fulfil all the needs of the business and managing the change in regulation and license parameters. Fox, BBC, BT Sport and Netflix have also been affected by external and internal factors in shaping up the business where they are today.
Innovation is related to new ideas which are unique to the business in order to achieve the objectives set. Fox, BBC, BT Sport and Netflix are making used of skilled people and processes to bring about innovation in their business. All this is done to attract the viewers, who can easily compare between the introductions of new technology to fulfil his demands in shortest possible time. In the case of Netflix, the innovation is in the form of TV apps which inform about the latest improvement and streaming of UHD 4K in video viewing.
PLC (Industry life cycle)
It means that the business decides to produce the quantity of product as per the needs and wants of the customers. The employees get paid with the same profit earned, who go out in the open market and purchase products as per their needs, and hence become customers of other business. When there is unemployment and spending power reduces, the inflation is considered as low. If the spending power increases then the demand will also increase which would lead to higher cost of the products. Thus the companies will earn more profits (Rajegopal, 2013).
BBC, Netflix, BT sport and Fox have very good employee health and safety policy. Their offices are located at places where there are bus or metro services every hour. Also, BBC runs their own buses for picking and dropping of the employees. They take care of the employees and in turn the employee is highly motivated and woks towards achieving the business objectives. All this leads to the increase in the spending power of the staff. Thus, one good business gives the opportunity of growth to other businesses as well.