The Failure Of Blockbuster In The 1920's

In the beginning, Blockbuster was the leader in the video rental industry (Forbe). They had thousands of retail locations, millions of customers, and massive marketing budgets and efficient operations (Forbe). However, just a few weeks before it 25th birthday, on September 23rd 2010, Blockbuster filed for bankruptcy (Gandel/Dallas). The human relations management system theory was developed in the early 1920’s during the industrial revolution (Perry). This theory can relate to Blockbusters failure because the system focuses on things that gets people going, like motivation (Perry). Netflix beat out Blockbuster because it gave the people what they wanted and was cheaper, more reliable, and more convenient.
Netflix played a huge role in Blockbusters