Etini
Valued Contributor
The world of business is ever evolving and demands that businesses adapt to keep up with trends. Any business that fails to adapt would surely fizzle out.
A business once was the biggest in the industry of movie rentals, Blockbuster was the name. They primarily offered movie rental service. It usually involved patrons going to the physical locations of the business to rent their movies. But then, the landscape evolved. Online ordering of movies became the order of the day. Blockbuster was urged to embrace this move, they arrogantly and bluntly turned it down sticking to their old model.
Netflix pioneered the revolution of ordering for movie rental services online. Customers loved the convenience and that is how Blockbuster went from market leader to a bankrupt and failed business.
Businesses that fail to adapt would run a risk of being left behind and leaving the industry.
A business once was the biggest in the industry of movie rentals, Blockbuster was the name. They primarily offered movie rental service. It usually involved patrons going to the physical locations of the business to rent their movies. But then, the landscape evolved. Online ordering of movies became the order of the day. Blockbuster was urged to embrace this move, they arrogantly and bluntly turned it down sticking to their old model.
Netflix pioneered the revolution of ordering for movie rental services online. Customers loved the convenience and that is how Blockbuster went from market leader to a bankrupt and failed business.
Businesses that fail to adapt would run a risk of being left behind and leaving the industry.
