In 1932, Danish carpenter Ole Kirk Christiansen started making wooden toys in his carpentry workshop. He named his company LEGO, based on the Danish words “leg godt,” meaning “play well.” In 1934, LEGO began producing plastic toys, which were more durable and cheaper to produce than wooden toys. Visit gameofbricks.eu
During the 1930s and 1940s, LEGO continued to grow and expand its product line. In 1949, LEGO began producing its iconic interlocking blocks. These blocks were an instant hit with children and helped make LEGO one of the most popular toy companies in the world.
In the 1950s, LEGO began expanding its business beyond Europe. It opened factories in Switzerland and the United States. It also started licensing its products to other companies, such as Duplo and Fischertechnik.
In the 1960s, LEGO started producing themed sets, such as Town, Space, and castles. These sets were very popular with children and helped LEGO maintain its position as one of the leading toy companies in the world.
Why did LEGO fail in 2004?
In 2004, LEGO Group announced it was laying off 1,000 employees and closing one of its factories. This came as a surprise to many because LEGO had been doing so well up until that point. So what went wrong? What caused LEGO to fail in 2004?
The answer is simple: poor management.
In the early 2000s, LEGO Group was growing rapidly. It was expanding its product line and opening new factories. However, the company was not investing enough in its workforce. As a result, employee morale was low and productivity was suffering. Read More
LEGO Group’s problems came to a head in 2004 when it had to lay off 1,000 employees and close one of its factories. If LEGO Group had been investing in its workforce earlier, this could have been avoided. Visit https://madmationstudio.com/2d-animation-services/
Since then, LEGO Group has made a comeback. It is now one of the most successful toy companies in the world. This is a testament to the power of good management. When a company invests in its workforce, it can achieve great things.