An article in the WSJ had a call-out box that got my attention: Digital technology continues to roil all manner of once-dominant companies.
The article was about Barnes & Noble, the once-dominant book retailer that left smaller bookstores quaking in fear to a struggling giant, grasping for a plan to ensure its long-term relevance in the publishing industry.
I’m betting Barnes & Noble will figure it out. Why? Because the article goes on to tell us that they are not trying to figure it out all by themselves. In addition to engaging outside consultants, they are talking to groups and individuals far and wide. They even instituted a strategic-review process.
How does that differ from Borders Books that went out of business last year? I’ve heard that “the geniuses” that ran Borders stated over and over: they didn’t need outside help and could figure it out themselves.
Proverbs 20:18 Plans are established by counsel; by wise guidance . . .
-Mike
The article was about Barnes & Noble, the once-dominant book retailer that left smaller bookstores quaking in fear to a struggling giant, grasping for a plan to ensure its long-term relevance in the publishing industry.
I’m betting Barnes & Noble will figure it out. Why? Because the article goes on to tell us that they are not trying to figure it out all by themselves. In addition to engaging outside consultants, they are talking to groups and individuals far and wide. They even instituted a strategic-review process.
How does that differ from Borders Books that went out of business last year? I’ve heard that “the geniuses” that ran Borders stated over and over: they didn’t need outside help and could figure it out themselves.
Proverbs 20:18 Plans are established by counsel; by wise guidance . . .
-Mike
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