Quote:
Originally Posted by HansTWN
As a business owner I have to say, sometimes you have to meet change head on, even though you are worried. You have to try to manage change, not forget everything that was before. But slowly try new ideas. What would you have done if you had had a horse buggy business in the 1920s? And look at Kodak and Polaroid.
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Indeed. It's tempting to think that you would have sold your horse buggy business and become Henry Ford - but a lot of businesses tried different combinations and fell by the wayside. Perhaps a few happy ones turned to horse management instead and by 'de-evolving' had a rewarding and long career.
One firm local to us used to repair bicycles in the 1900's, but started to help with the radical new airplanes when a customer came in asking if they could fix his. They're now a hugely successful aerospace contractor with a global clientelle. Dozens of other bicycle repair shops in the city weren't so lucky, and no amount of hindsight would allow them to all become aerospace contractors - the market doesn't work like that.