LEGO: Rebuilding from the Bricks Up

LEGO: Rebuilding from the Bricks Up

Assessment

Interactive Video

Business

11th Grade - University

Hard

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By 2000, LEGO faced a crisis due to overexpansion and competition from digital games. Jorgen Vig Knudstorp identified these issues and sought to understand the company's financial losses. The digital revolution made traditional toys like LEGO seem outdated, leading to panic and misguided product changes like Jack Stone. Despite these challenges, LEGO's commitment to quality, rooted in its history, remained. Retailers expressed concerns about LEGO's performance, and Knudstorp's report highlighted the company's dire financial state, risking his career to present the truth.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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