Quote:
Originally Posted by rcentros
Stagnation is more deadly.
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Companies do need to continuously improve in their core businesses. Stagnation there will be deadly. But getting into all-new business lines can also be deadly. The great contrarian example is the buggy whip business, where most firms tried to break into auto parts, and failed, while
Westfield Whip seems to chug on nicely.
Here's a prediction it's almost certain I won't be around to know whether it will pan out: In fifty years, Proctor & Gamble will still be emphasizing detergent sales, and still be in the black. And Amazon will, if still around, have gone through at least one bankruptcy.