What led to the downfall of the industry giant Blockbuster ? On its peak in 2002 it was valued $5 billion, 9 years later it was sold for only a little over $300 million and was shut down entirely in 2014. Blockbuster is a perfect example for losing the game of digitalization by sticking too long to an outdated strategy and failing to understand market changes which other exploit.
Cengage and other textbook publisher are moving to full digital content and signing their own death warrant
Borders used to be the bookstore behemoth that both avid and casual readers loved until a series of poor strategic choices led to their filing for Chapter 11 bankruptcy protection. How could such a successful company completely misread the changing landscape within the book industry?
We’ve all used Paypal. It’s the lesser of two evils when deciding between the manual input of payment information, or clicking a few buttons. But, in a world of shifting payment systems, and increasing disruptions in the transaction […]
The New York Times struggles to maintain its market leadership position against innovative upstarts in the digital media industry.
Telemedicine is not a new idea. Since the birth of video-calling, experts thought that telemedicine will revolutionize the industry. Analysts bullishly have suggested that the market could be worth $4.5B by 2018 (IHS, 2014). Back in 2002, a small start-up […]
By now, many of us have forgotten that Barnes & Noble attempted to compete against the likes of Apple and Amazon in the e-reader/tablet market with their ill-fated Nook. Barnes & Noble invested significantly in R&D and actually produced some great devices, so why did they fail? In hindsight, it’s easy to see that Barnes & Noble was playing the digital game all wrong.
Among all industries transformed by the digitization of our economy, the retail industry has been among the first and most heavily affected markets during the last decade. The Information Age spawned many new powerful retailers like Amazon – and caused serious issues for established retailers that have been dominant for many decades.
Brick-and mortar travel agents are dead. How did the decline happen in one of the first industries to be digitalized?