10 Great Companies That Lost Their Edge
Different companies in the world have revolutionized at different times. Some have been able to remain steadfast in their position while others have fallen behind. Revolutionary companies face many challenges, and if they are intoxicated with the spirit of success, it is difficult to stay ahead. Many times they suddenly fall behind. Have been removed from their positions. Some companies have closed. Some are continuing to try now.
1. Blockbuster:
Blockbuster is Officially known as Blockbuster LLC and somehow Blockbuster vedio is familiar. The founder of this company is David Cook. Blockbuster was bought in 1994 by media giant Viacom for 8.4 billon dollars. The bad time of Blockbuster started after 2009. In 2010 It declared bankruptcy. Some people think Blockbuster went out of business cause of Netflix. But according to Tom Casey who is the former chief financial officer of Blockbuster Vedio, said that, "
Blockbuster and Netflix were growing same position at ghe middle time of 2000 to 2009. But that time Netflix had Capital but Blockbuster didn’t. That's the main reason behind It's destruction.
2. Dell:
Dell is an American multinational Company. It mainly develops, sell, repair computers and also sell computer related products. It is founded in 1984 by Michael Dell. Dell sells personal computers, data storage devices, software, cameras, printers etc. In the past It's requirement was in advance level but a decade later, Dell faltered as Mobile devices began to displaced PCs cheap Asian machines cut into profitability and big customers began to demand end to end service, not just hardware. There are many allegations against Dell. Someone expressed his experience like hell with Dell.
3. Kodak:
The Eastman Kodak Company which simply known as Kodak. It is an American company and it is public. This company’s main products are print system and Packaging, software and solution, and consumer and film.It is best known for photographic film products. In the digital age, Kodak fell behind, sutting down efforts to expand to many other business lines. But it didn’t work.
4. Microsoft:
Microsoft is an American technology based multinational company. It produces computer software, consumer electronics, personal computers etc. Its best known software products are the Microsoft Windows line of operating system, the Microsoft office suite and the Internet Explorer and Edge Web browser. Microsoft ranked 21th position in 2020, Fortune Global 500 ranking of the largest United State Corporation by revenue. In 2016, It was the world's largest software company. Following through on breakthrough ideas has become a pronounced weakness.
5. Motorola:
Motorola was an American multinational telecommunication company. In 2007 to 2009, it lost huge amount of money. It’s about 4.3 billion dollars. Then the company apart into two public companies. One is known as Motorola Mobility and another one is Motorola Solution on 4th January, 2011.When others competitors gain an advantage over this company in a particular situation by behaving clever and skillful way. After that Motorola fell behind.
6. Sears:
Seras full name is Sears Reobuck and Co. It is an American Departmental store. It began as a mail ordering catalogue company.In two generation, It sold products successfully. But it failed after that time.
The company was bought in 2005 by the management of American Big Box Chain Kmart, which formed Sears is now a troubled chain seeking salvation.
7. Sony:
Sony Group Corporation is a Japanese multinational company and commonly known as Sony. It operates as one of the world's largest manufacturers of consumers and professional electronic products.They provide consumer electronics, semiconductors, vedio games, films, TV shows, Music, Computers, Hardware, Telecommunication equipment, Robot etc. But Sony failed to foresec the move from hardware to software, which put the emphasis on the brains of the device rather than the Circuitry.
8. Sun Microsystem:
Sun Microsystem was an American company. It was founded on 24 February, 1982. They provided computers, computer components, software and information technology services.At different time, there were production facilities in different parts of the world. When the company acquired Oracle, it outsourced most of It's production responsibilities. After breaking dot com, that customers whom cash-strapped, started running their computer system from cheap PCs instead of high-end servers at sun product lines main hub. Sun tried but it’s value fell down. The biggest reason for Sun's downfall is "the inability to recognise the X86 open artitecture as opposed to what they were selling with the spare processors", said Enterprise Strategy Group analyst Brian Babineau.
9. Toys " R" US:
Toys R US is an American company. It sells toy, cloth and baby products. it mainly a toy company. They operated 800 store in US and around 800 store outside US. But day by day these number decreased. However, with the rise of mass retailers as well as online retailers, the Toy R US began to lose It's share with toy market. It failed to adjust to discounters like Walmart and Target and online sites like Amazon.
10. Yahoo! :
Yahoo is an American web services provider. It is a web portal site, founded in January 1994. It provides a web portal search engine Yahoo search and services my Yohoo, Yohoo mail, Yahoo mail, Yahoo news, Yahoo finance, Yahoo sports.In 2000 it was the most popular website worldwide. It’s business declined in the late 2000 as it lost shares to Google. However, Yahoo domain websites are still among the most popular website, ranking 12th place in global particiipation according to bothe Alexa internet and Simmel web.
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