Carlos Z. Shows’ Post

In 2004, Blockbuster was making $5.9 billion in revenue. Now, they cease to exist because of one fatal mistake: Getting comfortable. They thought renting out physical DVDs would be a profitable business for life... Surely, no one would move to digital streaming 🫣 Looking back, they just got too comfortable. I don't want to be a Blockbuster. So I study birth rates and gifting trends and then actually work through what steps to take next. In business, you have to think: • What does the data *actually* show you? • What are the trends of the future? • What will people want in 10 years that they aren't even thinking about now? The best business owners NEVER get comfortable. Read and LISTEN to the data. And then act accordingly. Don’t be a Blockbuster. I’ve had some great conversations with suppliers on this recently, so if you want to share some ideas reach out and lets chat.

Change = Opportunity

🚀 Don't Let Your Business Become the Next Kodak or Blockbuster! 🛑 Innovation isn't just a buzzword; it's the lifeline of your business. Failure to innovate can lead to catastrophic consequences, as seen with Kodak's reluctance to embrace digital technology or Blockbuster's dismissal of online streaming. 💡 What's at Stake? 1. Losing relevance in a rapidly evolving market 2. Falling behind competitors who adapt faster 3. Missing out on opportunities for growth and profitability Innovation isn't optional; it's imperative for survival in today's business landscape. Embrace change, foster a culture of innovation, and stay agile to thrive in an ever-changing world. 💪 Read the full article here: https://lnkd.in/eCnz72Wb . #Innovation #BusinessStrategy #StayRelevant

Feeling confined by your current structure? Episode 261 of the #GCAPodcast tackles the critical concept of strategic restructuring for explosive growth. Challenge the idea of incremental adjustments and learn how bold changes can unlock the potential to handle complex cases, embrace disruptive innovation, and fuel significant, sustainable growth — leaving the competition behind. Tune in: https://bit.ly/3ycg4bN

Feeling confined by your current structure? Episode 261 of the #GCAPodcast tackles the critical concept of strategic restructuring for explosive growth. Challenge the idea of incremental adjustments and learn how bold changes can unlock the potential to handle complex cases, embrace disruptive innovation, and fuel significant, sustainable growth — leaving the competition behind. Tune in: https://bit.ly/3ycg4bN

Embrace Innovation for Success 🔬 Technological changes can pose threats to your business model. Companies like Kodak and Blockbuster Video discovered this when digital photography and streaming technologies disrupted their respective businesses. And these changes were not sudden. They had been foreseen over many years. They were like distant approaching train lights coming in a long tunnel. In leading a business, it is important to see the approaching lights of technology and adapt before you get run over. - Chris #Author #BusinessBooks #TheValueEquation #ChrisVolk #WealthBuilding #MoneyMatters #LeadershipSkills #BusinessModel #BusinessLeadership #BusinessStrategy #FinancialLiteracy #CompanyCulture #EntrepreneurMindset #BusinessManagement

History has shown industry giants like Blockbuster & Blackberry toppled by innovators like Netflix & Apple. But what's true disruption? Explore the key differences between breakthrough and disruptive innovations, and discover why market leaders are not invincible:https://buff.ly/4ckjKqC #InnovationManagement #IdeaManagement #Innovation #InnovationManagementSystem #IdeaManagementSystem

Had a great chat recently about the “if it ain’t broke” mentality. While it’s comforting, it can hold you back - I know this first hand because I was that person! But breaking free from this mindset has been key to unlocking new opportunities and realising my full potential. Classic example of this? Blockbuster! They stuck to their model of renting DVDs in store, ignoring the rise of streaming services like Netflix. End result? Bankruptcy! Who remembers Kodak? Disposable cameras and little film canisters might jog your memory. They clung to film photography, ignoring the digital revolution. Failed to adapt and ultimately faced a detrimental decline in market value. Better to try and fail in the pursuit of improvement than to fall behind and miss out on opportunities! #continuousimprovement #embracechange

Every high-performing company needs two types of people: those with their heads in the future, strategizing and innovating, and those focused on the present, ensuring smooth day-to-day operations. Episode 261 of the #GCAPodcast dives into why having both is the foundation of a great organization. Learn how to build a balanced team and unlock true success today: https://bit.ly/3ycg4bN

Robert C. Wolcott brought forth a compelling argument on how the "proximity revolution" is disrupting traditional business paradigms. But what exactly is the proximity revolution?   Simply put, it's about bringing production closer to the point of demand, both in time and space, using digital technologies.   This approach isn’t a logistical luxury; it's becoming imperative for success in today's competitive landscape. Tune in now at the link in the comments to listen or watch the full episode!