4 ms·
I don't know why people attack Blockbuster's business model. Blockbuster had a phenomenal business model, and effective leadership, that lasted 25 years and we
by vinceguidry 10y ago
I don't know why people attack Blockbuster's business model.
Blockbuster had a phenomenal business model, and effective leadership, that lasted 25 years and went through several re-conceptualizations. What happened to it wasn't a human failing.
The market simply got disrupted by Netflix. Businesses aren't people, they can't just turn the ship around at a moment's notice. What would you have had them do? Not have ever been in the video rental business in the first place and leave all that money on the table? Have the foresight to see Netflix coming?
I can understand why non-techies would use Blockbuster as a symbol for all things tech-disruption-related, but we can do a little better than that I hope.