Quote:
Originally Posted by GregWeld
A buddy here is CEO of a high tech import company ---- what they did was to set up a division that sells via Amazon..... said they were just killing it -- and that while it's harder to gain some traction -- Amazon offers training and all manor of "aid" to get you up and running....MOM AND POP Kettle are capable of doubling or tripling their business if they'd get on the wagon instead of slowly wasting away.
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This.
New technologies and advancements must be met and adapted to. Look at telephones. AT&T adapted instead of begged to survive as a land line only company. This is why I'm not worried about companies like Disney who a lot of people say is not doing well because ESPN is sucking. I believe Disney will adapt to the new way of watching TV via streaming or online content. Will Comcast and other ISPs work on trying to become content providers and not just carriers? Or, will another Hulu, Netflix, or Prime show up to fill in the void before ABC, CBS, or NBC move to online only/streaming content? Will Coke survive the attitude change towards healthier products? Altria?
I don't have the answers. I'm not that smart. But, I do look for companies that have adapted to the changing tides in order to stay relevant and alive. Look to the future because its ever changing and will be here before you know it. You don't have to be at the forefront but you can't ignore the obvious changes.