https://padlet.com/itsupport4/9zku6hv67cs2 en-us 2018-07-09 02:15:30 UTC 2018-08-16 13:19:51 UTC hello@padlet.com https://padlet.com/itsupport4/9zku6hv67cs2/wish/271356651 An example of change I think of is hospitality within the region. Hospitality is a market which is constantly changing, with new trends to adapt to and follow etc. 
If a cafe or restaurant falls behind the trends of the current market it is hard for the business to redeem itself. 
Changes like market trends are inevitable and in this specific line of work change is required to succeed.


]]> 2018-07-29 06:10:09 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271356651 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271501423 One change that almost all  businesses have done is to have a website. 
Occasionally I come across mainly local businesses that don't and its very frustrating trying to find out more information about them. Some may just have a facebook page which is fine if you have facebook , but as some people dont - I think a website is vital for any business to keep up with the times and get there business out into the public and for the business to be as successful as they can be.]]> 2018-07-31 01:23:17 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271501423 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271532900 I think a change in the health /beauty service sector is having online booking. Businesses that do not make this change risk losing loyal customers as a way of convenience. Having online booking contributes to success  ]]> 2018-07-31 07:26:06 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271532900 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271612649 DEKA was a good example of a company that failed due to not changing successfully. Lasting around ten years, the company failed due to fierce competition and ongoing trading losses. Both of which perhaps could have been prevented by changing or restructuring their internal functions to better understand and address consumer needs, and if the change was planned and implemented at the first sign of trouble as well. ]]> 2018-08-01 01:15:15 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271612649 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271748356  Fonterra has made a change in August with their invoicing policy to pay businesses on the 20^th of the month, instead of making businesses wait 90 days to pay their invoices for its 1000s of trade suppliers.  This change will provide business  with transparency and certainty and take away the financial pressure of waiting the 90 days.  The New Zealand government welcomes this change and hopes Fonterra’s decision would encourage other larger organisations to prompt payments of invoices, and make it the norm rather than an exception.  MYOB software company also thinks reduced pay time for businesses were good for New Zealand’s economy.  This change also helps Fonterra to survive against their competition long term in the business environment ]]> 2018-08-02 05:27:39 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271748356 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271755429 Change or not to change
An interesting example is to look at Blockbuster and Netflix. Blockbuster was a multinational company that dominated the market of renting and selling movies and series. In the late 90' Netflix started as a rental of DVD through mail in the US only. It rapidly became a competitor for Blockbuster who did not see Netflix as a competitor. In October of 2000, Netflix offer itself to sell to blockbuster for $50 million and Blockbuster decline the offer. Blockbuster only launch their website and subscription model similar to Netflix by late 2004. By then it was too late, and we all know what happen. However, Netflix did showed a innovation and change because by 2013 they launch their first exclusive and self produce series, House of cards. Netflix found themselves with a lot of new competitor in the online stream service and realize that many of their product will not be allow to show anymore because their competitor will only show them in their own platform.   Blockbuster closed its down in late 2013 and Netflix generate a revenue of US$11.692 billion in 2017 alone.  ]]> 2018-08-02 07:06:24 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271755429 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271757521 Fonterra has made a change in August with their invoicing policy to pay businesses on the 20^th of the month, instead of making businesses wait 90 days to pay their invoices for its 1000s of trade suppliers.  This change will provide business  with transparency and certainty and take away the financial pressure of waiting the 90 days.  The New Zealand government welcomes this change and hopes Fonterra’s decision would encourage other larger organisations to prompt payments of invoices, and make it the norm rather than an exception.  MYOB software company also thinks reduced pay time for businesses were good for New Zealand’s economy.  This change also helps Fonterra to survive long term against their competitionin the business environment ]]> 2018-08-02 07:36:02 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271757521 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271935197 I think the most common and easiest failures to recognize is with technological companies. Two companies come to mind immediately and they are Blackberry and Nokia. Both companies were at one point in time dominating the cell phone industry. Blackberry failed by not listening to consumer demands and not realizing where the market was heading. As for Nokia (and Blackberry), they didn't keep up with the software technology and couldn't keep up with the apps that everyone was using when Apple and Android hit the market. Technology moves so quickly that you can't get comfortable and think the product is perfect, but rather what will the consumer want next or what more can it do.]]> 2018-08-04 04:48:19 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271935197 https://padlet.com/itsupport4/9zku6hv67cs2/wish/271968922 The most significant change that I can think of is a retail store adding an online store. My work in particular is a good example of this. Before we added the online store we were missing a huge market. Initially it seemed like a massive thing to create the website but in the long run it has proven to be very successful reaching a whole lot of customers nationwide and even internationally that would never have been able to purchase from us. A lot of these customers purchase again which is impressive as even though they did not physically come into the store they were happy with the service that they received online. It is seeming that it is the way of the future and jumping on the bandwagon a few years ago has been great as it allows our online store to keep expanding at a time where there is more and more interest in this way of shopping. 2017 was a record breaking year on our shop and I believe that this year might be even better 

]]> 2018-08-05 03:07:25 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/271968922 https://padlet.com/itsupport4/9zku6hv67cs2/wish/272011394 a lot of businesses I think have failed due to lack of innovation or change is dvds stores there used to be many dvds stores in Palmerston north and now there is only one left and all the rest have failed .there is no innovation nothing new and there can also be due to the fact you can easily go online and watch but maybe if they were more innovative with what customers demand they would have survived]]> 2018-08-06 00:01:41 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/272011394 amhepi https://padlet.com/itsupport4/9zku6hv67cs2/wish/272702704 An example of the change I went through with the company I worked for saw huge changes in the way the company was run. The company decided to with a Japanese system called the Kaizen principles hich saw a staff turnover as well as creating jobs at the same time.

]]> 2018-08-11 07:59:38 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/272702704 https://padlet.com/itsupport4/9zku6hv67cs2/wish/272830809 When I was growing up in the 80's Kodak was the dominant player when it came to photography.  In the 90s they began to struggle financially due to a decline in film sales and the company was slow in transitioning to digital photography.  This was despite them positioning themselves as a market leader at the time.  Eventually the company went bankrupt.

The key change in this was the rapid development of technology.  While Kodak shifted its focus in the 90s to embrace the change and produce products to meet the market, they did not price them reasonably and this resulted in financial losses, crippling the company despite their long term digital marketing plan.  ]]> 2018-08-13 08:52:45 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/272830809 https://padlet.com/itsupport4/9zku6hv67cs2/wish/273019116 Change that has been undertaken by Yahoo. Yahoo has failed to keep up with innovation and the market which has made them behind and an unlikely search engine that people will use.
https://valuer.ai/blog/50-examples-of-corporations-that-failed-to-innovate-and-missed-their-chance/]]> 2018-08-14 08:42:03 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/273019116 https://padlet.com/itsupport4/9zku6hv67cs2/wish/273464185 An example of change I have seen was with a company I worked for, saw the managers department completely revamped. 
which then lead to implementations of new techniques in all aspects of the company, as well as moving with current technology by creating a webpage and allowing booking online and installing cctv security, it has been a huge contribution to the success of the company. If they had not made some of these changes they would have lost on both staff production and customer revenue. ]]> 2018-08-16 13:04:01 UTC https://padlet.com/itsupport4/9zku6hv67cs2/wish/273464185