Use your knowledge of strategic planning to answer the following question.

Netflix is the world's leading internet entertainment service. The company was founded in $1997,$ and its early years were focused on DVD$-$subscription services. Today, however, Netflix has reallocated its resources in significant ways. For example, according to Netflix's "long$-$term view" statement to investors, the company plans to spend over $$8$ billion in content development for its members in $2018.$ Netflix has already won major awards for its original series, such as The Crown and Stranger Things. As this information illustrates, companies such as Netflix must social trends, and legal regulations. to remain relevant and competitive in the ever$-$changing environment of technology advancements,