this post was submitted on 20 Oct 2024
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A company cannot disrupt itself. Sears, Kmart, and their colleagues who have perished became particularly good at making a profit through one specific channel. So every executive, every performance bonus, in fact every person on the payroll was focused on maximizing their specific method of turning a profit.
Unfortunately for them, the world changed and the leaders didn't realize they were themselves being disrupted and therefore had no capacity to turn the titanic.
Guy on YouTube likes to highlight these "Empires" on their rise and eventual fall. Many of them get bought out by private firms, gutted for all they have left, and finally shutter the doors on them when their carcass is no longer financially viable. Bright Sun Films, is the channel.
CompanyMan? I love that channel but it got really repetitive with "Rise and Fall" videos.
Not because the dude makes bad content, but because every single failure was because the company was bought out by PE firms that tanks the business, or they went public, expanded way too rapidly and collapsed.
They literally said Bright Sun Films is the channel.