Change is inevitable and require companies to re-invent themselves

Change is inevitable and require companies to re-invent themselves

Change is inevitable

Massive transformation is sweeping across many different industries. Unfortunately to many companies are stuck in the jar.

The art of life is a constant readjustment to our surroundings – Kakuzo Okakaura

Blockbuster, once the dominant DVD franchise, has fallen into bankruptcy in an era of other video options.

DVD Rental Discruption

In Blockbuster’s case, it was streaming service and mail-order movie service that possessed the foresight that Blockbuster lacked. And while its competitors steadily gained market share through novel and innovative approaches, Blockbuster remained defiantly steadfast in its profound reliance on a brick-and-mortar business. In other words, Blockbuster was neither proactive nor reactive in its strategy, and an obviously failing business model was never materially adapted to sweeping environmental changes.

Who will be the next victim? Is streaming video now going to kill its predecessors?

For production companies, the rise of digital streaming capabilities isn’t necessarily good news. Movies in physical form are still far more profitable than streamed versions. But now it seems that streaming video is killing its predecessors. It’s easy to see why – viewing a movie on a streaming service costs a fraction of the price of viewing a movie on disc.

The days of the digital versatile disc may well be coming to an end, but pronouncing it officially dead as of 2012 may be a bit hasty. The online education site TheDegree360 pulled reports from several sources to produce the infographic below. The graphic does give some perspective on just how dominant streaming video has become:

 

Will the DVD die off like the LaserDisc and VHS Tape before it

 

Short URL & title:
Change is inevitable and require companies to reinvent themselves — http://www.torbenrick.eu/t/r/xtu

Share it:
If you enjoyed this article, please take 5 seconds to share it on your social network. Thanks!

About The Author

Torben Rick

Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement, development and change management. International experience from management positions in Denmark, Germany and Switzerland.

Add a comment

*Please complete all fields correctly

Related Post

Emotional and rational case for organizational change
Posted by Torben Rick | August 8, 2017
Emotional and rational case for organizational change
Emotions are hugely powerful. But many managers barely tap into that power when driving organizational change. Employees’ emotions are where the momentum for real transformation lies.
Change management require a compelling story - a clear and compelling reason for the change
Posted by Torben Rick | August 2, 2017
Change management require a compelling story
Too many change programs don't fully deliver due to lack of foundations . Start the change management process with a clear and compelling reason for the change.
change management infographics
Posted by Torben Rick | June 28, 2017
Top 9 change management infographics
Change is the new normal for leadership. Motivating people to change direction, building new strategies, transforming business models, and adopting new ways of collaboration. Quite a challenge.