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3 Common Mistakes Big Brands Make That Leads To Downfall Of Their Product
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[QUOTE="Jasmine, post: 224172, member: 49159"] One of the biggest failures for big brands is related to not adapting to the market. Nokia was once the world's number one mobile handset maker. When iPhone as a smartphone was lunched and Samsung also started launching smartphone, Nokia refused to upgrade its handsets, which resulted in a big loss. Blockbuster was once world's largest video rental service, Netflix tried to sell itself to Blockbuster, but blockbuster refused. Sadly, Blockbuster filed for bankruptcy in 2010. The company failed because it could not upgrade its service to the streaming service. Motorola is another company that failed because it could not adapt to the new market. [/QUOTE]
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3 Common Mistakes Big Brands Make That Leads To Downfall Of Their Product
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