There’s nothing as painful as the regret over a wasted opportunity.
History is littered with examples of individuals, nations and companies who had a golden opportunity that they wasted...only to see someone else take advantage of it and thrive.
Notable examples include companies like Blockbuster, a one-time powerhouse in the DVD rental market. Not only did they underestimate the significance of the Internet, but they rejected an offer from CEO Reed Hastings who offered to sell them a 49% stake in his company called Netflix. Blockbuster would go bankrupt and have to watch as Netflix surged ahead on the back of the Internet, big data, secure data transfer between users on its online platform...and taking advantage of Blockbuster’s wasted opportunity.Continue reading →