Netflix is one of the most popular streaming services in the world, and it’s no surprise why. They have revolutionized the way we watch television, offering a variety of content that can be streamed on-demand. But how has Netflix been able to remain so successful? It all comes down to their product strategy and their two models for growth – the GLEe Model and the GEM Model – both of which are designed to help them maximize customer satisfaction and margin enhancement. In this blog post, we will explore how these two models work together to ensure that Netflix remains at the top of its game.
The GLEe Model
The GLEe Model stands for Growth, Learning, Engagement, and Experiences. This model was developed by Netflix in order to focus on creating interactive storytelling experiences that would keep customers engaged with their content. By leveraging interactive storytelling techniques such as “Choose Your Own Adventure” style films like Black Mirror’s “Bandersnatch” or an interactive version of “Unbreakable Kimmy Schmidt,” Netflix has been able to create unique experiences that keep viewers coming back for more.
In addition to leveraging interactive storytelling techniques, Netflix also uses personalization tactics such as exclusive content and improved viewing experiences with Ultra HD Video/Sound playback speeds in order to ensure customer satisfaction. They also leverage DHM (Delightful Human Moments) model strategies which involve four strategies designed specifically for delighting customers while increasing margin-enhancement ways through advertising or subscription fees. These strategies include providing memorable experiences, humanizing the brand through customer interaction, providing personalized recommendations based on customer preferences, and creating viral moments through social media sharing opportunities.
The GEM Model & Rolling 4 Quarter Product Roadmap
The GEM Model (Growth Engagement Monetisation) is a model used by Netflix in order to rank growth engagement monetisation strategies in order of importance. This model works hand-in-hand with their Rolling 4 Quarter Product Roadmap which allows them to identify any potential risks or opportunities throughout the year so they can adjust accordingly. The roadmap includes four distinct quarters focusing on product innovation, market positioning/value proposition development & evolution (Q1), user acquisition & retention (Q2), user engagement & lifetime value optimization (Q3) ,and profit maximization / market expansion (Q4). By utilizing both models together, Netflix is able to effectively manage its product strategy for maximum success.
Conclusion:
Netflix has revolutionized the way we watch television and movies by leveraging interactive storytelling techniques and utilizing two powerful models – the GLEe model and GEM model – along with their rolling 4 quarter product roadmap . Through these tactics they are able to maximize customer satisfaction while still ensuring healthy margin enhancement opportunities across all areas of their business operations – from user acquisition & retention to user engagement & lifetime value optimization . By understanding how these models work together project founders , CEOs ,and other decision makers can use this knowledge to plan out effective product strategies that will take their business into future success!
