THE RISE AND FALL OF BLOCKBUSTER
The Rise and Fall of Blockbuster (8:27)Misreading the scope of external/internal forces can make or break a company. These two videos are great examples of how a company and industry failed to properly scan the environment and adjust their business models. In both cases, changing consumer habits and emerging competitive forces led to their downfall.As you watch the videos, think of how each company/industry went astray. Identify the internal and external forces that led to their problems.
Video not loading? Watch on Youtube
THE RISE AND FALL OF THE BUFFET CHAIN – CHEDDAR EXPLAINS (9:27) (9:27)
The Rise And Fall Of The Buffet Chain – Cheddar Explains (9:27) (9:27)In the 90s, buffet chains like Old Country Buffet and Golden Corral were seemingly everywhere. But since 2000, the industry has been in decline. While hygienic concerns and shifting consumer preferences have hindered the success of buffets, the business model was flawed from the start.
Video not loading?
Our videos this week profile companies or products that have famously failed. Think of a company or product that you think may not be around five to ten years from now. What are the environmental forces that would make them fail? Again, everyone must choose a different company so make sure you put the name of your company in the subject line.
