Tag: Nokia
What are the companies that failed because of technology?
Technology is an important part of a company's success, however it can also be the downfall of a business if it is not used correctly. Companies that have failed due to technology include Blockbuster, Nokia, and Kodak. Blockbuster was unable to keep up with the demand for streaming video, while Nokia and Kodak were unable to compete with the increasing use of smartphones and digital cameras. In addition, companies that have not been able to adapt to changing technology have also failed, such as Borders and Toys "R" Us.