What if the very instincts that made you successful are now putting your business at risk? Dominant leaders often double down on what's worked in the past instead of seeing the world as it's becoming. In today’s episode, we unpack the real reason Blockbuster failed—and it’s not just about missing the tech wave. It’s about biology!
We explore how the fear of loss can stall innovation and how Netflix thrived by doing the exact opposite: evolving early and often. Plus, I’ll share actionable strategies to help you break free from the trap of dominance, confront your loss aversion, and build the adaptive muscle your organization needs to survive change.
Remember to grab a copy of my book, The Mammoth in the Room, for the full roadmap to evolutionary leadership.
In this episode:
- Introduction to transform or die miniseries
- Blockbuster's dominance and complacency
- The rise of Netflix and Blockbuster's fear-driven decisions
- Transformational leadership lessons from Blockbuster's fall
- Final thoughts on Blockbuster's dominance and fall
Resources Used in the Episode:
Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision Under Risk. Econometrica. https://web.mit.edu/curhan/www/docs/Articles/15341_Readings/Behavioral_Decision_Theory/Kahneman_Tversky_1979_Prospect_theory.pdf
Van Vugt, M., & Ronay, R. (2014). The Evolutionary Psychology of Leadership. Organizational Psychology Review. https://www.researchgate.net/publication/274471020_The_evolutionary_psychology_of_leadership_Theory_review_and_roadmap
Christensen, C. M. (1997). The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail. Harvard Business Review Press. http://lib.ysu.am/open_books/413214.pdf
Tushman, M. L., & O’Reilly, C. A. (1996). Ambidextrous Organizations: Managing Evolutionary and Revolutionary Change. California Management Review. https://web.mit.edu/curhan/www/docs/Articles/15341_Readings/Organizational_Learning_and_Change/Tushman_&_OReilly_1996_Ambidextrous_Organizations.pdf
Get in Touch:
Website: https://www.mammothleadershipsciences.com
LinkedIn: https://www.linkedin.com/in/nicolaspokorny
YouTube: www.youtube.com/@MammothLeadershipSciences
