week 1 discussion

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School

Webster University *

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Course

5300

Subject

Information Systems

Date

Feb 20, 2024

Type

docx

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Uploaded by Dynice

Apple is a prime illustration of a company that has implemented strategic adaptations in response to external circumstances. The iPhone was unveiled as a groundbreaking product that profoundly disrupted the entire mobile phone industry. Nevertheless, Apple had to adapt its product portfolio to maintain a strategic advantage due to heightened competition and the emergence of novel technologies. As an illustration, they incorporated a fingerprint scanner into the iPhone 5s. They increased the screen size for the iPhone 6 in order to maintain competitiveness with other smartphones available in the market. Blockbuster is a prime example of a poorly executed business implementing strategic adaptations in response to external circumstances. Blockbuster formerly held a position of superiority in the home video rental industry. However, with the rise in popularity of streaming services such as Netflix, they were compelled to make strategic adaptations. Rather than allocating funds towards developing their streaming service, they opted to form alliances first with Netflix and subsequently with Dish Network. In order to salvage the company, additional measures were required, but ultimately, they were forced to declare bankruptcy in 2010. Good Company Example Apple exemplifies a remarkable case of a company that has adapted its business strategy in response to external circumstances. This is due to Apple's ability to modify its product lineup to stay one step ahead of its competitors. Apple is a prime illustration of a company that has successfully adapted its strategies in response to external factors, enabling it to sustain a notable level of profitability despite fierce competition. Apple exemplifies these adaptations, further solidifying its status as an outstanding business. Conversely, Blockbuster could not maintain profitability and consequently filed for bankruptcy in 2010. Bad Company Example Blockbuster's failure to invest in its streaming service and its decision to partner with Netflix instead make it a subpar example of a company that successfully adapted to external circumstances through strategic modifications. This is because Blockbuster chose to sell its business to Netflix. In order to avert bankruptcy, the firm implemented additional measures in 2010. There are multiple reasons why there are superior examples to Blockbuster, a company that has made strategic adjustments in response to external factors. One of the factors contributing to this is the company's delayed implementation of necessary modifications. Despite entering into a partnership with Netflix, they could not rescue the company due to its advanced decline stage.

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