Thursday, April 7, 2011

BlockBuster - The old can’t compete with the new

When was the last time you rented a video in a blockbuster? It’s no surprise that this is a business that will soon be gone.

They played with the old rules too long. Companies, such as Netflix, adapted the rental business to the digital world and are winning the rental race because of it.

This is the K-mart story all over again. Some of you may remember K-mart, it used to be bigger than Wal-Mart. Wal-Mart’s idea was better and before K-mart could adapt to it, they got ran over.

Due to the information age, the biggest of business can go bankrupt to the smallest business. It’s who ever as the biggest idea that will win and the idea, more often than not, needs to be connected to the biggest thing used by the community which is the Internet and ,more recently, facebook.

For more information on the Blockbuster article, see:

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