10 Business that FAILED to Adapt to Change

[@alux]

Hello, hello aluxers! What is the greatest business demise you have seen caused by a failure to adapt? Mind Mastery: www.alux.com/mindmastery Get a free audiobook thanks to Audible: www.alux.com/freebook 15 Reasons Why Businesses Fail: kzbin.info/www/bejne/Y2bHiYJ3oZ6Nl5o

[@akanshgupta1023]

Thanks for the content you post everyday! it helps me a lot!

[@spizongema2715]

I think you have failed to adapt with the epidemic aluxer, what are you saying about that?

[@alux]

Happy to hear that! 💪

[@Nnnt7533]

I would totally buy the New Hummer, they are so masculine(sure if i have the money😖😂)

[@westoncharm7467]

Saturn automobiles. "Environmentally friendly", but fell apart in car crashes. I'd fly in a Concord. Macy's is overrated. People never liked the Hummer, only the elusive H1 Alpha. Hostess was good for what it was. I never desired to buy any clothes from Ambercrombie. Kodak isn't anything new. Blockbuster could have been a streaming company, but did expensive pay per views instead. AOL wasn't bad, just bland. Never liked Yahoo. Fads fade and these newer companies will be no exception.

[@azel5026]

In case don't have enough time to watch the entire video. 1. Nokia and Blackberry 2. Blockbuster 3. Segway 4. Kodak 5. Macy's 6. AOL and Yahoo 7. Hostess 8. Concorde 9. Abercrombie & Fitch 10. Hummer Bonus -11. Kodak Coin

[@deadringer2349]

Hero Level: 1000

[@theallseeingkats6321]

They forgot Sears!!!!

[@jatinbandhiwal1987]

A damn hero, you are.

[@derekjohnston2780]

Toys'R'Us

[@tiffprendergast]

Azel A brexit

[@yapyap3]

It's not always who's the first. It's about who gives the best service. Being a "Pioneer" is kinda overrated. Customers don't care about who's first, we care about the service quality.

[@alux]

Exactly. Well said Justin.

[@illustratorbee]

If you are reading this you will succeed

[@alux]

💙💙💙

[@ReggieBryant]

Adaptability should be a core principle in ALL businesses! Without adaptability, there is no survival. Great video, Alux- you continue to serve as a great motivation to my channel!!

[@redcap2k]

Should be a core principle to every person, this is a survival skill.

[@QuestionEverythingButWHY]

"What's dangerous is not to evolve." --Jeff Bezos

[@cUser691]

Other failed business models: 1) Lotus spreadsheet from Lotus Software Co. IBM. They didn’t innovate and were decimated by EXCEL. 2) Encyclopedias, specifically Encyclopedia Brittanica. Pre-internet, GOOGLE and other search engines, they missed the boat, the opportunity to convert to online. Globalization meant knowledge was changing rapidly and their salesmen and paper gold- emblazoned, once every 2 year volumes in one’s library were quickly outdated. You could not even find “Zimbabwe” because they were out of touch and still had it under “ Rhodesia”. Data was coming in fast and they failed to adapt to it. 3) Typewriters. Manual typewriters from 1900s to maybe 1970s thought using tape to fix mistakes then correction fluid still failed. “ Word Processing” on then new ‘computers’ made typewriters obsolete. Some earliers, precursor programs worked until MS WORD decimated them. Now we have a myriad of options like GOOGLE focs etc. Thanks, Alux.

[@rimidalV_2020]

Lesson learned: "Innovation" is the key in whatever kind of Business or Industry. If businesses would innovate and do R&D then any kind of business will still be in the lime light and will not be wiped out. Beautiful & informative video of Alux. More power to your channel! 🙌

[@AndreyZenperial]

Being able to pivot is essential in today’s world, whether for businesses of individuals like you and I. Being able to adapt to change is what has allowed me to start my KZbin channel a month ago and already reach 450 subscribers! I couldn’t be happier🙌🏻Thank you for the reminding us about the importance of it❤️

[@alux]

Always happy to help! Got any companies to add to this list or maybe some favorites that went down in the blades of glory?!

[@cUser691]

Zenperial Nice pitch for your business cloaked in a faux complimentary comment to Alux. We are not that stupid.

[@mrarp1491]

You can make the second part of this video after the Corona pandemic.

[@alux]

Lool, there's a good chance for that.

[@vipendrasingh4720]

Great 😁

[@Snow_Pulse]

Mr Arp 💯

[@pazzariatv]

Yes. I would really love to fly the Concorde. My grandmother, when she was alive, flew it several times, and, apparently had an amazing experience.

[@mikewilliams7104]

Fisker is another one that went down. Also, we just bought a H2 Hummer. We have always loved them, but couldn't afford owning one. Now we have a 2004, that we got for $6300 and gas is super cheap ($1.49 as of 4/11/2020) . We still have our gas saver , for when gas goes up again. For the mean time, we will enjoy driving one of our favorite trucks of all time.

[@trusno7751]

Great post Alux, I will never forget the day this chic told me she wouldn't give me her number because I was wearing a A&F tshirt, and that was a couple years ago, now I know why💯 Keep motivating Alux, thanks for all that you guys do! -Trusno🖤

[@Manuel-gu9ls]

As I quoted before of what Stephen Hawking had quote; " Intelligence is the ability to adapt"

[@willcook6967]

This video hit me pretty hard. I was an employee of Filene's when they were bought by Macy's. I wasn't smart enough to see the company falling fast enough, but I was smart enough to beat the coming layoff. I left about two month before Macy's issued their monster layoff. Still, before then I was the "company guy." I believed in the company so firmly, that a huge part of my retirement plan was in company stock. When Macy's absorbed us, my stock commanded $80 per share. When I left, and my shares were manditorily bought back, I only received a little over $6 per share. My plan's value fell from 40k to under 7k. To top it off, this was very late 2008, so none of my choices did well. I still think I'm the only man who managed to lose money on his retirement plan. On a positive note, the transition to food was a huge boon to me. My cooking ability has increased exponentially, and the job I left them for is where I met my fiance. Even though I opted for a career change, cooking has become a huge passion for me. It has been a greater source of entertainment for me than anything else I do. My fiance works in slightly upscale restaurant now, and she can't wait to come home for my food. I've seen some real crap in business, but it's amazing that somehow it all still worked out.

[@phoenix5054]

Victoria's Secret and Under Armour will be on this list in 3 years.

[@geocyo8835]

I doubt if it takes that long for VS.

[@misterbb]

Edge VS is already dead, due to the Size 12+ revolution.

[@enzocarranza]

Why? Im from argentina so i dont know

[@phoenix5054]

Enzo Carranza VS: Because of body positivity. VS is built on skinny traditionally-beautiful women and women are becoming more averse with this kind of marketing. UA: Because of excessive focus on performance VS. the cool, stylish, cultural supremacy of Nike.

[@misterbb]

You missed Sears...concentrated on having a store in every community, while Amazon came in and took ‘We Sell Everything’ by mail to astronomical heights.

[@emmyreturn]

Nice video. Very educative

[@tanakaeuan7528]

For the first time the youtube algorithm has given me something useful for my assignment for too long I've been watching distractions.

[@atharvvatsal]

During This Quarantine Time. I watched Alux.com ❤❤

[@alux]

Much appreciate the support! Hope you're well! Stay safe. 💙

[@LilVu10k]

Good morning Alux! I’ve been waiting! Love you guys!

[@alux]

Morning Dr Boyd! 💪

[@airflowautoparts3047]

Awesome vidoe Alux.com as always!

[@lizzyvlogsrandomness1634]

Surprised Sears wasn’t on this list

[@achyutkhot1122]

I am learning during this lockdown from Alux.com

[@thebookwasbetter3650]

I lived in Nyc when the Intrepid air museum got a concord. Oddest thing in the world to see a barge chugging down the Hudson with a concord parked on it.

[@maryghek]

I think Kodak has digital cameras back in the 80's. My mom used to have this Kodak camera that instead of using a good old film, it has a slot for a disc. I think back in the days, the reason why it was not popular back then is because computers weren't readily available to anyone 🤷‍♀️ I did searched the model and it was the Kodak Disc 4000

[@josephlamarhineschannel1572]

Change is the one thing that is guaranteed in life never failed to adopt in business or in personal life!

[@matthewbrown6163]

I once worked in Senior Retail Management, it was impossible to educate the dinosaurs that technology changes so fast. Just In Time inventory (buy what you need at the time) as technology is outdated so fast. Before my last employer went bankrupt there was millions of dollars in superseded technology & accessories. Staff would give huge discount to score a sale as the customers whip out a Credit Card - 5% merchants fee as our Net Profit shrunk to a mere 3% net profit after deducting fees.

[@Prkshdarshan]

Everytime I watch A-lux videos. I fall in love with voice over women again and again.

[@damobudhi1983]

I wouldn’t go for a Hummer but Concord may be yes as long as it’s safe. It’s always great to have a taste of new technology

[@pickymagaretedube9236]

💜💛OMG I'm in love with this channel since I subscribed it's inspiring to me I will never leave this channel (love)💜💛

[@alux]

Happy to hear that 💙

[@pickymagaretedube9236]

@@alux😊 we appreciate your inspiring contents Alux (Grow Big and Grow Healthy )think you for your work as always🌹🌸🌹💛💜

[@edwardroy3401]

You can't tell me Concorde-speed travel isn't the future. It will be back.

[@knight1506]

Very informative, one problem is the voice actor tone doesn’t sound like business tone

[@ruready2rock856]

What about my MySpace? That was a huge failure to adapt.

[@GeraldAlpinePerry]

Good one. I should have remembered that. I was on Myspace and jumped to Facebook early due to the lack of ads that was all over Myspace. Hmmmm...

[@sohahm]

Orkut and Google+, too.

[@shakirajameel8042]

No.I will not fly Concord neither buy a Hummer but I have to admit I love the look of the Hummer.

[@jimlaad6949]

I'm Early The Place I Come To Get Knowledge On This Idk Thanks 🇯🇲🙏🏿🙏🏿💯 Keep Up The Great Work

[@alux]

Heei! Thanks for stopping by 💙

[@ayushkaul9808]

I like your voice Alux girl ! Please make videos of Business Rivalries.

[@JayPrakash_hyd]

I love you Alux ❤️ Miss you till you're back tomorrow ✨🍁✨

[@sersastark]

No one is goons talk how alux kept saying A&E instead of A&F? lol

[@spencerparker4037]

There were a few minor errors where the text didn’t match what was verbally being said lol

[@1javixD]

I heard it just as I was reading this comment

[@PrinceMGolds]

Please make a video on 15 ways how to be successful in 30's with a College Degree!!!!!!

[@menumlor9432]

Sometimes pride can prevent people from growing.

[@jenefer3744]

Alux is like saying what I have in mind 😘

[@alux]

Feeling inspired today?!

[@jenefer3744]

@@alux Yes you inspire me more!

[@qwertyqwerty9349]

Nokia and Blackberry : Ah shit , here we go again.

[@russelldesigner2682]

I would love to fly in a Concorde.

[@skeleguns10oooooo10]

AOL used to sponsor Richard Childress Racing in NASCAR back in the early 2000s

[@stuarthirsch]

Great video. I think a greater retail business failure than Macy's is Sears Holdings. It took 2 American icons with it Sears and Kmart. At one time Sears was the largest non government employer in the US. Kmart was a retail Icon. Although still in business I seriously doubt they can survive the current crisis. Almost as big a retail failure was Montgomery Wards. At one time Sears largest competitor. Also does anyone remembers WT Grant. At the turn of the 20th century the nation's largest company. Not to mention the numerous railroads (Pennsy and NYC among others) or airlines (TWA and especially PAN AM)

[@nanaedusei8963]

We would rather burn clothes than give them to poor people. How can you utter such a disgusting words!. Greetings from Ghana

[@alux]

Society has created some pretty horrible people..

[@TheSultan1470]

What? They have clothes that's not the problem

[@shreyashishaan1675]

A video which includes reliance group, Tata group and the now dead kingfisher group. I'm sure you'll get good content(videos) from it. Especially Tata. And we as viewers would gain a lot.

[@leratosword6594]

Great video!

[@clintonjones955]

Good Job, ALUX (a keeper) ...I think that the VLOG (gar) has ruined (enhanced?) the traditional scheduled Media for 'journalism' ...NEWSPAPERS are now in skeletal form and online with ad popups to annoy serious readers (watchers) ...SMARTPHONES have killed computers, cameras, and programmers in favor of 'Dick Tracy' style watches that perform every known function in one place ...Market Saturation is about to level the smartphone field with cheap models that automate everyone's world for the electric transportation industry which is downsizing Gas & Oil industry back to road work and plastic manufacture ...the 3d Printer has come around to Star Trek 'Food Replicator' where a common nutritious 'spooze' is formulated instantly (and recycled) ending the need for gardening, grocery stores ...promoting instant delivery via auto-drive vehicles on a 'third surface' ...like the Monorail High-Speed 'Interstate Highway System' ...the Internet has eliminated the need to physically show up for school ...The Medical Industry has rendered us into 'Space-Suits' and 6-foot clearances as we ride electric pods on the monorail system ...Clothing will be made with 3d printers ...The cloth will be electrically aligned to each person body (as antennae) and be like lightweight KEVLAR (bullet-proof) as well as be an electro-magnetic 'Battery Core' for modular electronics (CPU, SENSORS, HUD) ...ROBOTS will do everything for us (The Jetsons) with ION-DRIVE taxi's (Blimps, Derrigibles, Balloons) delivering us and our 'stuff' to Pod Castles in the air ...NEXT, I expect 'Warp-Drive' (faster than light speed) to be developed (STAR-TREK)

[@aryantaneja2244]

@Clinton jones Dude whatever you have posted I agree with you Also I am engineer so I will be making 3d printed clothes kit

[@PicassoBabyDC]

Blockbuster's failure is number one for me but AOL is a close second.

[@CalebOliver]

Yay for Kodak! I wanna see them win! Also I think an electric Hummer is a cool idea! Im excited for it!

[@avidebnath8435]

I have seen brands like Ambassador car of Hindusthan Motors failing miserably.

[@vikasasware]

Concorde was way ahead of its time and should have focused on safety and price reduction. Humanity will always seek technology to travel faster.

[@info145]

KODAK is the champ!

[@round12tko]

10 businesses that could not compete against better businesses

[@OgolordIntl]

I love the way you called hummer gas greedy😂

[@oleggeraschenko4932]

hey, Aluxers, here are 2 great books on this: The Innovator's dilemma by Clayton Christiensen and Brand Failures: 100 Biggest Branding Mistakes of All Time by Matt Haig

[@rephillips56]

What about Lucent Technologies?

[@seanmackenzie4432]

Yahoo finance is still my daily go to!

[@MarkTotoyi]

Great topic and content... It is rather interesting that Kodak would not wanna be more innovative in a space that they pretty much dominated at one point... because I think that a stock photography platform would make better sense than entering in the crypto-currency space... but let's wait and see how things unfold... though I think that they would stand a better chance of becoming Getty Images direct competition if executed properly... My 20 cents

[@sleepii5186]

Buying a hummer is like buying a stock and then watching it go down in value day after day.

[@BruceBender-zz6uf]

Blockbuster tried establishing a streaming service. It’s mistake was partnering with Enron to do it.

[@techedzee]

Blockbuster was the worst

[@artcastro5694]

I love girls that wear Abercrombie and Fitch. That's a line from one of the songs of the boyband LFO

[@emmyreturn]

Nice back ground music.

[@Je.rone_]

You gotta be able to wiggle, even bridges know that

[@uvwxyzero]

10:22 😂😂😂😂 what is that guy doing nobody should witness such violence

[@m32mikestu]

Apple will be on this list soon. They recently slipped to #3 in the world. #1 Samsung #2 Huawei # 3 Apple

[@thebookwasbetter3650]

Still remember when blockbuster got rid of late fees and replaced them with reshelving fees. Somehow that would ahred the threat of Netflix.

[@justinfigley4867]

I liked Abercromie clothes but I could not afford when I was younger. Hell yea if I wasn't so bent on getting a Tesla, I would GLADLY get an electric hummer! Oh the utility of it!!

[@dolsiemercado3140]

Wow all of these companies had a CEO that was not attuned to what was happening in reality. Regarding ALux question: American school system, Bally Total Fitness- Jack Lalanne must of been so upset selling his business to them.

[@gerald_mouse]

Here in Zimbabwe a few people own the hammer and it still turns heads...

[@bryanalstoncoxing]

The Gap should be on this list as well

[@johnathonallen2545]

If hummer came out with a street legal version of Halo's warthog I would buy that.

[@JohnDoe-wb4iv]

It was a key systems installation company

[@connie1wilson]

Nokia made excellent phones! Loved them, shame they went by the wayside!

[@czrbumm.5290]

I would fly Concord if that crash never happen, and the ticket prices dropped a little, but I think it was bound to fail, dew to social conscience on pollution. Speaking of brands going down, Tommy Hill had its own problems similar to A n J.

[@alux]

Good point.

[@martinrandall5836]

Alux.com - You didn't do a very good job with Concorde. You failed to explain that the project had failed before the aircraft had its commercial debut in 1976. There were orders for 62 aircraft to be built and options on a further 16 but Boeing had launched the 747 and then the 1973 oil crisis meant that most of the orders were cancelled in early 1973 baring Air France and B.O.A.C./British Airways. The French and UK governments had put too much money into the project to just scrap it and so AF and BA had to keep their orders. And even though the Concorde service was to be terminated because of falling passenger numbers (9/11 etc) Virgin Airways was willing to buy the BA fleet to keep the service going. The only reasons the deal didn't go through were the fact BA didn't want to lose face to its rival, and that Airbus had refused to keep supplying maintenance for the aircraft. Those people that could afford the price of a Concorde ticket loved to fly on it even if it was cramped and out of date, there was no other supersonic passenger aircraft so in that respect it had no competition. So, it didn't need to adapt to change, to adapt or change Concorde would have been a too expensive project for Airbus to take on with money already committed to the A380 and other aircraft, for Concorde it was time to retire.

[@roncur]

I’d definitely fly Concord if I had the money

[@JoshuaNaabu_MD]

Can upls make a video on d best social media to use or advantages & disadvantages of all d social mediaz

[@freddiebutler3653]

No to both!!

[@MRB16th]

If countries qualify, the Soviet Union would be there (as George Orwell warned in 1946, "the Soviet regime must democratize itself or it will perish").

[@GHOST-cy7rc]

12:45 , *YES I MOST CERTAINLY WILL*

[@shabdavedhi]

Konica-Minolta ! Two Japanese giants came together only to court disaster for both..!!

[@SaajanMR]

XEROX ....impossible to copy the failure. :)

[@thebookwasbetter3650]

At the liquor store just show them your blockbuster card.

[@lovelllee8519]

I love my Hummer H3

[@herbtube7824]

i would fly aboard the new Concorde immediately and I'd get a Hummer. Plus A&F don't really fit here, they have been adapting constantly. They also increased profitability by 900% in 2018.

[@stuarthirsch]

The final nail in the EK coffin was they expected that people would always want paper prints. In the early 2000s EK was also king of the digital camera market selling more digital cameras than anyone else. They also sold printers and scanned negatives to CDs included when you got film processing. However cell phones and high quality home printers eliminated the need for professional photo finishing. Too bad because up until recently film was still very competitive with digital in quality. Many old school photographers prefer film to digital, especially in B&W. There is even a cult film following. Even some cinematographers prefer super 8mm and 16mm film to video. EK still produces some great films, photo papers, and chemistry. If EK would do a better job of marketing traditional photography and integrating it with digital technology it could make a comeback. The key would be lowering the price of film and processing and making sure every shot would become a Kodak moment for the photographer and family. Film is forever, digital for the selfy. In business innovate using what you know, have experience doing, and are the best of breed at.

[@CaribbeanChatt]

For me the greatest disappointment was Blockbuster, I kept screaming for change but no one heard me.

[@colinchandler6516]

nice video

[@wintrixx4137]

Do a video on payroll tax

[@WhatsHappnin1]

Yes , Bring back the Hummer! I loved my H3 ... I wanted a H2 SUT but fully loaded it wouldnt fit in my garage. 😟

[@DilipKumar-vg8pg]

Concord for sure.

[@sundharsundhar5476]

No experience bussiness failed experience customer like bussiness man happy face no partner ships hard work god gift work gold work bussiness sussessful thanks medam

[@Pluto-vd9fx]

Greed is why businesses fail....

[@unknownuser6809]

You forgot to mention Kodak getting involved in pharmaceuticals

[@marksummers463]

A lot businesses fail bc of sheer incompetence and favoritism. Read The Hatchet Man's Playbook.

[@MattTungate-e7d]

Why does she keep saying "A&E" for Abercrombie & Fitch?