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Lary Doe's avatar

This same in-ability to shift towards emerging tech is what killed Border's Books & Music. They suffered from a CEO who hated using email and thought a small company by the name of Amazon would be a good partner to handle online order full-fillment.

That small company not only learned about buying habits but cut better deals with publishers of both books and CDs to handle distribution. (Same lesson that destroyed Suncoast, Wall-to-Wall, Tower, etc.)

Kodak is a sad story since they led the industry in development of product but kept trying to vertically integrate in an effort to prop up stock rather than fund research or production.

Antowan Batts's avatar

Great article but I think number 2 of adaptability is part of the problem. There has been a recovery creep over the years which is contributing to the anxiety people feel in these markets.

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