Final answer:
Organizational change can fail from factors like poor leadership and lack of strategy, while five pillars including effective leadership and planning support success. Blockbuster Video serves as an example of an adaptation failure, lacking in areas such as planning and leadership, and an inflexible organizational culture.
Step-by-step explanation:
Organizational change initiatives can fail due to a plethora of factors, including lack of effective communication, resistance from employees, insufficient resources, poor leadership, and the absence of a clear vision or strategy. In contrast, there are five pillars that can bolster the success of change efforts, which are effective leadership, comprehensive planning, open and clear communication, employee involvement, and sustained focus and maintenance of the change effort.
An example of an organization that failed to adapt is Blockbuster Video. Blockbuster Video struggled with the shift to digital streaming, holding too firmly to its physical rental business model. The organization lacked several of the five pillars of successful change such as comprehensive planning and effective leadership, which might have helped to navigate through rapidly changing technologies and consumer preferences.
Lastly, in relation to the company's aversion to change, organizational culture can have a significant impact on adaptation success, as it influences employee behavior and receptiveness to new directions. In Blockbuster's case, the culture was possibly too rigid to pivot towards the new digital market, leading to its demise.