Question

Refer to the SingularityHub website, provided in the topic Resources. Research a company that failed because it did not adapt (e.g., Kodak or Blockbuster). What technology disrupted the company and how long did it take

Answer 1

Kodak and Blockbuster are examples of companies that failed to adapt to disruptive technology. Kodak failed to recognize the potential of digital photography, while Blockbuster failed to adapt to the rise of online streaming services.

Step-by-step explanation:

Kodak is an example of a company that failed to adapt to disruptive technology. The technology that disrupted Kodak was digital photography. Kodak, a company that was once a major player in the film and camera industry, failed to recognize the potential of digital photography and continued to focus on film-based products. As a result, Kodak lost its competitive edge and eventually declared bankruptcy in 2012.

Another example is Blockbuster, a company that failed to adapt to the rise of streaming services. The technology that disrupted Blockbuster was online streaming. Blockbuster, a once popular video rental store, failed to recognize the popularity of online streaming services like Netflix. Instead, Blockbuster continued to focus on its brick-and-mortar stores, which eventually became obsolete with the decline of physical movie rentals. Blockbuster filed for bankruptcy in 2010.