Kajsa Jonnar

Summary: This is the story of how Blockbuster failed to adapt to change. Blockbuster is a classic example of a once-dominant industry leader failing to adapt to new technology and market trends. Blockbuster opened its first video rental store in Dallas, Texas in 1985 and grew from that single store in Dallas to a chain of 9,000 locations during the coming two decades. But mistakes, such as declining to acquire Netflix when it was just a startup, led the company to go bankrupt and close almost all of its stores. Blockbuster was the largest home video rental company in the world but David Cook and his leadership team failed to adapt to the disruption of streaming.

Summary: In the relentless march of progress, even industry giants can crumble if they fail to learn and change through adapting to the winds of change. This is the story of Kodak, a once-world dominating company in the world of photography, now remembered as one of the most famous failures of modern time. This story unfolds as a stark lesson applicable to any organization navigating the intricate terrain of an increasingly technological world. The Kodak story serves as a powerful reminder of the transformative power of adaptability and the dire consequences of resisting change. This narrative holds crucial insights for any company aiming to thrive in a rapidly evolving technological landscape.

Summary: In the fast-paced and highly disruptive world we navigate today, the concept of a truly predictable environment has become increasingly rare. The dynamic interplay of technological advancements, globalization, and rapidly shifting consumer behaviours has created an atmosphere where change is not just constant but often unpredictable. In this environment, leaders must adapt and evolve their approach to effectively turn disruption into an opportunity for growth.