Organization That Failed to Innovate – Avoid Their Fate
ReadWriteStart
DECEMBER 20, 2022
Blockbuster is a classic example of how complacent management can lead to a business’s downfall. Rental subscriptions and late fees were the main drivers of revenue for the organization. Ironically, the founder of Netflix, Reed Hastings, made an offer to Blockbuster to buy out Netflix for $50 million in 2000. Blockbuster.
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