Quizzing with Twist & Fun

A fun Business Quiz for everyone! The answers will be at the tip of your tongue... are u ready to Quiz or Quit?
01
Founded in 1971 This brand is present in 43 countries. It is one of the most respected brands, winning awards such as "Best Business", "Most Admired Company". While its quality is unquestionable, its price has always been higher than those offered by the domestic players. The company took a hit during the economic slowdown of 2008 as customers opted for cheaper options. They were forced to shut 600 shops that were not making profits. By March 30, 2008, its profit had fallen 28 per cent compared to the same period in 2007. In 2009, it closed another 300 stores and laid off 6,700 employees. They soon embarked on a technology-oriented strategy. An environment where employees & customers could think freely about the organisation and contribute in terms of strategies and ideas was fostered. As a result, a community involvement concept was developed. More than 93,000 ideas were shared by about 1.3 million users on social media, and page views per month rose to 5.5 million. They implemented over 100 ideas. Through this initiative, the retailer built a robust fan base. By giving customers a platform to voice their ideas and views on the brand and by responding to it, it was able to reignite the brand trust. They are a great example of a brand turning around its business by returning to its roots and reconnecting directly with its customers & came over a crisis & got back its business. Who are they?
02
Initially their model offered customers monthly subscriptions to have movies delivered DVD to their door. As the business knew DVDs were on their way out and they needed to shift gears. They changed their business model & have more than 150million subscribers now. A popular memo that went across the organisation went viral and clearly explained what their focus was on The memo said, “We don’t and can’t compete on breadth with Comcast, Sky, Apple, Microsoft, Sony, or Google. For us to be hugely successful we have to be a focused passion brand. Starbucks, not 7-Eleven. Southwest, not United. HBO, not Dish.
03
This beloved toy company was near bankruptcy in 2004 after 70 years of profits. With this realistic yet disastrous outcome on the horizon, They decided it was time to start restructuring. To begin, the business implemented digital transformation. Instead of putting their sole focus on physical toy products, They increasingly concentrated on bridging the physical and virtual augmented reality (AR) experiences. A book has been devoted to the subject - Brick by Brick: How _____ Rewrote the Rules of Innovation - while the likes of Google, Adidas and Sony all refer to it. Which brand is this?
04
Started in 1892, This iconic American corporate titan and darling of Wall Street had a unique challenge. As it is any organisation this old face so many changes in the industry one such was the quality of the employees which pulled down this organisation. Instead of sacking them and being brutal to their loyal employees, They spent over a Billion $ in Training & Development. They brought in a cultural shift by applying Lean Startup philosophy across the organisation called Fastworks program & empowered people to think failure not being an option.
05
Which of the following automobile companies were originally started as a loom manufacturing and ended up as a biggest automaker by production worldwide?
06
When it comes to corporate turnaround stories, there may be none more famous than this brand. It’s easy to forget now that it is the most valuable company in the world, but there was a time when the tech giant was teetering on the edge of bankruptcy. Twenty years ago, the media was predicting the death of the company and it was losing $1 billion a year. All that changed when the founder returned to the fold, launching revolutionary products. Their products are ubiquitous, and people are wishing they’d picked up some of the company’s stock when it was at bargain-basement prices.?
07
These days, it’s not summer (or, really, any other time of the year) without a big-budget superhero flick. But 20 years ago, This brand was bankrupt and casting about for a new direction. The company had a huge stable of comic book properties, but it didn’t seem to know what to do with them. While rival Comics had managed to turn iconic characters like Batman and Superman into blockbuster movie franchises, This brands attempts to turn its superheroes into silver screen stars failed miserably, such as the infamous 1986 flop Howard the Duck.Starting in the late ‘90s, licensing deals brought some of their characters, to theatres in successful films. But the company still wasn’t making much money. So, it decided to start its own studio. The ambitious gambit worked. The company was eventually acquired by a big corporate in the same space and now they regularly churn out movies that make money hand-over-fist.?
08
#WeMissYouToo started trending when this brand came back to address varied consumer segments—from boys and girls living in hostels to bachelors and Indian moms who’ve been making this for their kids ever since it’s been around. After a brief ban due to Food Safety and Standards Authority of India (FSSAI) order that accused them of having lead and MSG above permissible limits, all variants of their products were banned for about six months.
09
Back in 2008, This brand was struggling as stock had hit an all-time low. It was worse when customers started trending ‘ It tastes like cardboard’. In 2012, however, They were back on their feet due to a successful change management implementation. Thanks to digital transformation, The brand implemented new technology to support the change. A new custom delivery vehicle with a heating oven was introduced, The brand ramped up its digital efforts as well to meet consumer demand. Text messages, Alexa, Google Home, Twitter, Facebook, Smart TVs - they’re all methods used by consumers to order their food. The brand has also tested drone and robot delivery - even partnering with Ford on self-driving options. Which brand are we talking about?
10
Perhaps no organisation has been through change management challenges quite like this Company. It even stretches as far back as World War II. By offering free drinks to soldiers, They quickly marketed itself as a symbol of the US war effort. At the same time, it boosted brand recognition in destination countries that allied forces were occupying. This accelerated the company’s post-war global expansion strategy. Then during the Asian financial crisis, the organisation pursued an acquisition strategy to better deal with consumer preferences. By reacting quickly and acting proactively in anticipation of changing trends, it’s clear how change management is a vital component in their overall strategic vision. Who are they?