Minimum references for each is 4ISMG Chapter 4 Netflix Case Studyhttps://open.lib.umn.edu/informationsystems/part/chapter-4-netflix-the-making-of-an-e-commerce-giant-and-the-uncertain-future-of-atoms-to-bits/For this assignment, read Chapter 4 – “Netflix – The making of an e-commerce giant andthe uncertain future of atoms to bits” from the ISMG book and answer the followingquestions. Please submit your file in a Word/PDF format only and name the file as:“Firstname_Lastname_ISDS705_Netflix_CS”.1. Discuss all the components of IS (Hardware, Software, Data, People, and Process) inthe context of Netflix as outlined in the case (in the context of the time period presentedin the case) (Use the information in the case or refer to external sources to formulateyour answer)..………………….………………………………………………..…….25 points2. The chapter presents Netflix’s (then) business model – utilizing the DVD-by-mail optionand how it became a market leader. Describe how Netflix gained competitive advantagein a niche and novel market (at the time of the case) by using Porter’s five forces model.…………………………………………………………………………………………..25 points3. Today, Netflix is one of the leading online subscription based streaming serviceproviders. But it is operating in a highly competitive market along with other streamingservice providers like Apple, Disney Plus, Hulu, YouTube, Amazon Prime etc. Identify theways in which Netflix is using or can use IS / IS based strategies to compete with thesemarket players. Propose some steps that Netflix should take in order to maintain adominant position in this market. ……………………………………………………………..25 pointsGrading Notes:1. To be considered for grading, you must submit your assignment in the statedfile format only and follow the file naming conventions.2. Each question carries 25 points, total points for this assignment – 75.3. You must answer all the three questions and your answer must address all partsof the question, for example in question 1 you need to discuss all the fivecomponents of IS. For question 2, you need to elaborate on the five forcesdiscussed in the chapter and how they apply to this case.4. Answers to each of the three questions must meet a minimum word count is 350 words.*5. Include the word count for each answer (excluding references Minimum 4 References), 5 pointsper question will be deducted if the word count is not included in the6. Turnitin is enabled for this assignment and your Turnitin score for thisassignment must be less than 7% (Higher Turnitin scores are unacceptableand points will be deducted for not meeting the Turnitin score threshold).*References will not be counted in the word count, you can use any format MLA / APA.• To prepare for this assignment, you may refer to Module 1 for a refresher onPorter’s Five Forces model. Additionally, review the supporting resources(videos, links) for this case study available on Moodle to prepare your answers.

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