F" 9'99.\" Strategic Management Quiz 8 Case: Netix in 20]] Describe Blockbuster's and Netix's Business Model (see below) using four boxes (Value proposition: what solution the company provides to a problenneed; resources: the things it owns to deliver the value proposition; processes: how the company uses resources to deliver the value proposition; prot formula: how the company makes money (major costslow it charges customers) Describe the evolution of Netix's value proposition from start to end (what did they offer at rst and how did their offerings change with time). How did Netix build its library? Why was Blockbuster slow to respond to Netflix? Blockbuster basically duplicated Netflix's online system. Why didn't this save it? Netflix's strategy developed over time. Were all their strategic decisions planned and thought out