[ad_1]
Sometimes companies can do everything they can, but they always fail. Large companies such as Marvel, Apple and Netflix have faced big pitfalls, but they have managed to overcome these difficulties. Business Insider reported.
The problems faced by large companies are almost at the origin of their closure, but the majority of these companies have faced the crisis of bankruptcy and the famous brand has become a memory, but has managed to survive.
General Motors
Founded in 1908, General Motors has been a major US manufacturer for many years, but had a difficult time due to the shortage of gasoline in the 1970s. The US automotive industry faced international competition from 1981 to 1990. Engines' on the market of half to one-third.
In 2009, the company went bankrupt and asked for a bailout before negotiating with Congress and resolving a crisis. She restructured and replaced several executives until Mary Parra, who was named CEO from 2014 to today, was finally selected.
Under Bara's leadership, General Motors became the number one manufacturer in the United States and posted higher than expected earnings in the first quarter of 2019.
2 – Lego
Founded in 1923, LEGO has become one of the most important video game companies in the world and, although the company has been able to conclude important agreements, such as obtaining licenses for the creation for movies such as "Harry Potter" and "Star Wars", The company's sales fell after the end of the bustle associated with these films.
The company was still producing the same number of games and was losing $ 1 million a day, until the appointment of a new CEO in 2014. The company was on the brink of bankruptcy at the time, but the new CEO immediately made several changes, including reducing production and stopping production. Production that does not reach sales and closes the computer game department. After being on the brink of bankruptcy in 2003, Lego is now a successful company producing movies, games and video games and has a successful park.
Delta Air Lines
In 2005, the company generated only 86% of the industry's average revenue per mile / seat, the average amount paid by a passenger to travel one mile.
The company had to apply for bankruptcy protection, citing the problem of high fuel prices, taking advantage of the time available for restructuring, and was able to emerge from the crisis in 2007.
Delta Air Lines is now the second largest airline in the world in terms of fleet size of 879 aircraft, just behind American Airlines with 956 aircraft.
Apple
When Steve Jobs was sacked from Apple in the 1980s, the company experienced a series of failures, but after making Jobs to the company, Apple has begun to regain its success, including unveiling the computer "Mac" which was different from everything. Another device on the market, it comes in five different colors.
The company's successes have been followed by the launch of several distinctive devices such as the iPod and the iPhone, and "Apple" has become the world's first company valued at one trillion dollars.
Netflix
Netflix's live streaming service for online movies and series began in 1989 with the sale, rental and delivery of CDs by mail, and ten years later the company started offer its services online.
The company decided to separate CD subscriptions from the live broadcast service and to increase its prices, and decided to call Qwikster the service of CD subscriptions, but this resulted in the decline of the company's shares , losing about 800,000 subscribers immediately after the 2011 announcement.
Two years later, the series "House of Cards" was presented as the first production of the network. The company has not been a failure since its original content preserved it from a crisis that it was about to enter.
Converse
Converse shoes were very popular in the 1970s and 1980s, but for many, the brand became obsolete in the 1990s and early 2000s. The company generated revenues of $ 205 million in 2002, a rather modest.
Although the company filed for bankruptcy in 2001, Nike thought that with the change of brand name, people would buy back.
Nike has already acquired Converse and the company's shoes have once again become one of the most popular shoes in the United States. The value of Converse has increased and now exceeds one billion dollars.
7 – Marvel Studios
Although Marvel Studios is now behind the production of many of the most lucrative films ever made, including the latest one, Avengers .. End Game, which broke records of movie revenues in the world, the company was not in the 1990s.
In the 90s, the company faced challenges such as low stock prices and was heavily indebted to try to get out of the crisis and increase its income by selling the rights of several of his films such as Spider-Man , X-Man and Blade. From behind these films.
In 2008, the company produced Iron Man, based on one of Marvel Comics' comics, which marked the beginning of 22 successful films in 11 years, bringing the company back to success. (Numbers)
[ad_2]
Source link
