Which of the following is a once successful company that did not adapt to a changing external environment?a.)Appleb.)Googlec.)Blockbusterd.)Amazon
Question
Which of the following is a once successful company that did not adapt to a changing external environment?
a.) Apple
b.) Google
c.) Blockbuster
d.) Amazon
Solution
To analyze the question about companies that failed to adapt to changing external environments, let's evaluate each option.
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Apple: Known for its innovation and ability to adapt to market changes, especially with products like the iPhone and services like Apple Music, Apple has consistently evolved its offerings.
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Google: As a tech giant, Google has shown great adaptability through different services, including search algorithms, advertising, cloud computing, and AI advancements.
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Blockbuster: This is a classic example of a once successful company that failed to adapt to the rise of digital streaming and rental services. Blockbuster did not shift its business model to compete with services like Netflix, resulting in its decline and eventual bankruptcy.
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Amazon: Renowned for its adaptability, Amazon has expanded from an online bookstore to a leading e-commerce platform, cloud service provider, and more.
Conclusion:
The answer is c.) Blockbuster. Blockbuster's inability to transition to a digital model and recognize changing consumer behavior led to its downfall, making it the only choice in this list that exemplifies a company failing to adapt to a changing external environment.
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