This is the most dangerous. Although rare, but there is. In the case of Nokia, the company did not immediately go bankrupt. It's just that now the name "Nokia" will have difficulty in pursuing past glory. In fact, some say like this,
“Nokia will rise again one day, but it will not achieve the same glory twice.”
Evil indeed. However, if you look back, in the technology industry, this often happens. Blackberry was once more popular than Apple's iPhone, now it's gone who knows where. Yahoo was once bigger than Google, now Google is the king. Ebay was once bigger than Amazon, now the owner of Amazon is actually among the richest people in the world.
So, what are some examples of companies that failed list of france cell phone numbers to adapt and went bankrupt? Maybe you are quite familiar with Netflix, right? What about Blockbuster? The business of both companies is the same, CD rental. But, why is it that only Netflix is heard now? Where is Blockbuster?
So here's the story, in the 1990s, Blockbuster was the largest CD rental company in America. Even Netflix was far behind Blockbuster. Until in 2010, Blockbuster filed for bankruptcy protection. And in early 2014, Blockbuster closed their last 300 CD rental stores. Yes, it's that sad. It was once successful, but not for long.
According to Bianca Miller Cole, as a contributor to the Forbes portal, Blockbuster was destroyed because of resistance to technological developments. In fact, when technology began to develop rapidly, and the internet was present, Blockbuster was reluctant to innovate. They believed more in surveys and were lulled by the success they had. Closing their eyes to the future and being reluctant to know about the possibility of changes in consumer behavior, became the first step towards their grave.
The peak was when Netflix introduced its online CD rental service. In fact, Blockbuster once tried to thwart Netflix's steps by offering a "free rental" promo to online consumers who returned CDs to Blockbuster offline stores. Yes, they forced consumers to keep visiting offline stores. Now, the name Blockbuster is completely unheard of.
So, what do you think? A company as big as Blockbuster can say goodbye just because it was 'late' in innovating. Really, do you want to join in? Hehehe.
In fact, now innovating and transforming digitally is not difficult. Software House Professional is ready to help your business stay relevant to today's consumer behavior. Hihihihi.
Innovation is a death sentence!
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