Industry Disruption – Video Rental

In the 1980s and the early 1990s, the standard way of renting a movie video was through the local rental store. Brands like Blockbuster were a big hit amongst users.

industry disruption examples

Netflix started in 1997 and innovated by using a mail order delivery system to video rentals. Customers could now order videos from the comfort of their homes. Within a short period, Netflix become a big hit and eventually chains like Blockbuster went bankrupt or were sold off.

Learning - Use technology to enhance customer experience in product categories which do not require a physical touch or feel by the customer.

No comments:

Post a Comment

What do you have to say about this post?