Case solution Study Example | Topics and Well Written Essays - 500 words - 1

Solution - Case Study Example However, this initiative was not successful and the league died after one season leading to a loss in the club. In addition, the company has also engaged in movie production through use of the varied characters in the WWE. Further, the company has also launched smart phone applications for the WWE programs aimed at boosting the company revenue. However, despite these ambitious business strategies, WWE has faced various strategic problems. To start with, the increased focus on social media has had a negative impact on business strategy of the company. Many non-televised shows were introduced in the official WWE website, You Tube and Facebook attracting a large number of viewers. As a result of the excessive online focus, other extension brands were limited. Secondly, there is reduced number of divas matches that have been focused on non-televised dark matches hence not receiving enough reaction from a wide WWE fan base. The competitive forces surrounding the WWE are vast but limited considering the fact that WWE is a sports entertainment industry. To start with, the supplier power in relation to the number of well known actors used to perform live performances is limited. This is because other rival firms such as TNA and WCW (later bought by WWE) also compete for the few outstanding performers. Secondly, WWE has a wide customer base hence reducing the buyer power. This was mainly achieved by expanding their audience by making shows that were more acceptable among families. Thirdly, WWE faces limited competitive rivalry in the industry because of adopting business strategies that have been hardly matched by other competing firms. On this note, the WWE was able to compete WCW effectively and even bought the firm later. Of more significance, WWE faces minimal substitution threat in the market. This is because the firm presents wrestling as a form of