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Medialย โขย 1y
In 2003, Lego were just months from bankruptcy. Their sales were plummeting & they were $800 Million in debt. Until they made ONE decision that would transform Lego into a $13 Billion empire... Here's the full story: 2003: LEGO was burning. $800 million in debt. Sales plummeting 30% year-on-year. How did it get so bad? LEGO had lost its focus: โข Created jewelry for girls โข Launched clothing lines โข Built theme parks that lost $30M in year 1. Then in 2004, everything changed: Enter Jรธrgen Vig Knudstorp. His first insight? LEGO wasn't just a toy company... They were a storytelling company. Every brick was a chance for imagination. His new strategy? "Back to the brick." First step: slash complexity. Cut unique parts from 12,000 back to 6,000. But the biggest change was still to come: Instead of fighting digital, they embraced it. The digital transformation supercharged partnerships. Star Wars sets became Star Wars games. Harry Potter blocks became Harry Potter apps.

Figuring Outย โขย 1y
This year, all toy brands reported a double digit decrease in their revenue. Expect Lego. But the reason why this happened might surprise you. So compared to last year, Lego made $4 Billion more in Sales but this didn't came out from selling lego to
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Hey I am on Medialย โขย 1y
๐จ๐คฏ Investments in Lego turned out to be more profitable than stocks and gold. ๐ Blogger Shane O'Farrell shared that in 1996, he bought a Fort Legoredo set for $85. In 2022, he sold it for $2,405. Shane previously traded on the stock market, earni
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Passionate about tec...ย โขย 1y
Is getting a book published easy? Let me tell you about few people. A lady wanted to get her book published. She was told that concept of her book was outdated , book was long,book was not unique a blah blah stuff. And later she got her book publish
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Case Study: Stripe - Revolutionizing Payments Foundersโ Background: Hailing from Ireland, the Collison brothers were no strangers to innovation. Their early ventures included creating an auction platform and even winning the prestigious Young Scient
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9/10 AI companies use the "โญ" icon? Look around, almost every AI-powered feature has a star icon attached to it. But why? Itโs not just a random choice. Itโs branding psychology at play. Letโs break it down: 1. Stars symbolize excellence & trust T
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.......ย โขย 7m
Byjuโs was Indiaโs most valuable edtech giant โ now itโs valued at ZERO. How did it fall from a $22B star to a cautionary tale?" Byjuโs rapid rise was fueled by aggressive expansion, celebrity endorsements, and massive investments. But cracks began
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Figuring Outย โขย 11m
This side project makes Google $8 billion Annually! So, Google always encourages their employees to spend 20% of their time working on side projects. Because of this, Susan Wojcicki decided to make a tool that helps them monetize search results.
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