organizations that fail to innovate
Instructions
Organizations that fail to innovate find themselves in a situation where they have to restructure themselves to stay afloat.Choose 1 of the companies listed below. Use the provided articles to support your understanding of the company's situation.Based on your chosen company, discuss how reorganization of its business structure would or would not have helped them meet new market challenges. In your response, address the following:Specify at least 2 reasons why you think reorganizing was or was not necessary, and provide an explanation for each reason.Suggest 2 strategies you think could have improved the companys efforts to meet current market challenges and remain sustainable.
Answer
The Significance of Business Structure ReorganizationOrganizational structure is an essential component of any business success. In most cases, a paradigm shift can result in initiatives aimed at changing the organizations structure through aligning operations to products. In the case of Blockbuster, it ruled the airwaves with its home renting model that allowed customers to view their favorite films at homes at a fee. The analysis of Blockbuster business organization and failure to integrate technology into its operations led to its bankruptcy.Blockbuster concentrated on its product distribution and overlooked the consumer experience. The most critical mistake that Blockbuster made was neglecting its customers' needs and forgot they were buying the experience and not the movie. Whereas th...
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