Final answer:
An example of a company that focused on short-term profit and not enough on long-term leadership and innovation is Blockbuster.
Step-by-step explanation:
An example of a company that focused too much on short-term profit and not enough on long-term leadership, resulting in eventual failure, is Blockbuster. Blockbuster was a dominant player in the video rental industry in the 1990s and early 2000s. However, they failed to adapt to the changing market landscape and underestimated the impact of online streaming and digital media.
Instead of investing in new technologies and embracing the shift towards online streaming, Blockbuster stuck with their traditional brick-and-mortar rental model. This shortsightedness eventually led to their downfall as competitors like Netflix emerged as leaders in the industry.
By prioritizing short-term profit over long-term leadership and innovation, Blockbuster missed out on a significant opportunity to remain relevant in the evolving market. This serves as a cautionary tale for companies that fail to adapt and anticipate changing consumer preferences.