Successes and failures: large companies that disappeared

They usually say that there is no evil that does not come for good and in most cases it tends to be true because from any crisis you can always draw a learning that serves future situations of similar characteristics. The instability caused by the great changes in the economy and society with its derived consequences leads us to ask ourselves what will become of us when we are ready to return to normality.

Successes and failures: large companies that disappeared

They usually say that there is no evil that does not come for good and in most cases it tends to be true because from any crisis you can always draw a learning that serves future situations of similar characteristics. The instability caused by the great changes in the economy and society with its derived consequences leads us to ask ourselves what will become of us when we are ready to return to normality. The point of view and the spirit with which we face these situations can make a critical difference between sinking for good and taking advantage of the learning received to overcome it with more strength, with an innovative attitude and with a desire to grow, mature or improve in any way.A quick review of Forbes' history shows that even the most powerful and established companies risk being lost in oblivion as a result of changes in society and the economy. successful companies that did not survive Blockbuster was one of many companies that were seriously affected by the unstoppable evolution of new technologies.

The digital formats of movies that are downloaded and bought over the Internet without a physical medium were a real condemnation for rentals. This same problem has been suffered by other sectors such as the press or music, but despite the losses, these other areas have managed to reinvent themselves to take advantage of the Net as an ally instead of being dragged down by its influence.film rental in physical format practically disappeared from the whole world in a few years and in this process Blockbuster, the largest company in its sector, is included. The digital format rental that came from the hand of companies like Netflix would have been its salvation if it had known how to reinvent itself, however, the arrival of this type of business meant, instead of help, fierce competition that accelerated its disappearance. The fall of the financial services company Lehman Brothers is a clear example of how globalization extends a problem until it becomes a real devastation worldwide.

In 2008, the company was announced as bankrupt, giving rise to a global economic crisis that still has consequences for many countries. This is the case of the airline company United Airlines, which saw its end on 11 December 2001 when four flights from various parts of the country were hijacked by terrorists and crashed in different places, causing an exorbitant number of deaths.