Propose a Loss Prevention Plan for Netflix company.

Propose a Loss Prevention Plan for Netflix company. •From the loss issues that you listed in the previous assignment, select 4 issues that will be the focus of your plan. Here is my loss issues I listed in last assignment. Possible Losses Netflix relies on member subscriptions for most of its revenue. First, if its consumers were to perceive its services to be of lower value, then it would lose its existing members and it would not be in a position to attract more members (EDGAR Online, 2015). Such reactions would be from actions like a change to the existing features, change of prices or services, and lack of favorable content. The failure to attract new members or the loss of existing ones can impact the business’s ability to grow (Gaus, 2018). Second, if the company were unable to compete with new or existing streaming service providers, then this would also cause possible losses. The competitors include entertainment video providers, broadcasters, internet-based providers, and cable network operators. Some of these competitors have operated longer than Netflix and they have a wide customer base, sufficient marketing, as well as creative and financial resources. Competitors also include new entrants who could adjust their services and provide unique offers that could alter the industry and Netflix’s place on it (EDGAR Online, 2015). Third, aside from these competitors, piracy is also a threat to the business just as it is to others in the entertainment industry and it is challenging to compete against since it makes all content available free of charge. Fourth, Netflix may also face liquidity problems since the payment of content providers and creation of content is not tied to the number of subscribers. The company has to meet such commitments even when its predictions for member or subscription growth are not met. These failures can affect the company’s liquidity and hinder its operations since it is still expected to meet its content commitments. Lastly, the company has been able to scale its business operations to over 190 countries and it has handled this growth successfully. However, as this growth continues, the company may face losses if it does not handle the growing complexity. The growth requires the company to continue improving and revising its systems and streaming operations (EDGAR Online, 2015).•Provide examples of how each of the 4 loss issues could impact your company.•Detail whether each loss issue would be considered internal or external, and explain your rationale.