What allows an industry to be staid? I can't think of anything that hasn't been affected by changes in world-wide economics in the last 20 years and if that is true, can one be a one-trick pony regardless of the industry? Maybe there are still a few where that works but in the future?
i was actually thinking about the domestic auto industry.
i remember wondering how long detroit could sustain its old model of uncompetitive labor/pension costs, uncompelling vehicles, etc, etc and sure enough things caught up with them. but they sure had a good, long run before bankruptcies and reorginazations shook them up.
They did have a long run but ultimately it caught up to them.
Maybe it's my age but it seems like things are changing much faster these days than was true 20 years ago, and if that is so, all the more critical for companies to be change oriented if they are to survive.
Habit sounds bad. How about "efficient methodology"?
ReplyDeleteSure, as long as they are (efficient methodology), that works for me. But is that what most company management practices are?
ReplyDeleteNot in my experience.
it's ok to be a one-trick pony in a staid, established industry with very few changes but not sure how many of those exist anymore...
ReplyDeleteInteresting point.
ReplyDeleteWhat allows an industry to be staid? I can't think of anything that hasn't been affected by changes in world-wide economics in the last 20 years and if that is true, can one be a one-trick pony regardless of the industry? Maybe there are still a few where that works but in the future?
I don't think so.
i was actually thinking about the domestic auto industry.
ReplyDeletei remember wondering how long detroit could sustain its old model of uncompetitive labor/pension costs, uncompelling vehicles, etc, etc and sure enough things caught up with them. but they sure had a good, long run before bankruptcies and reorginazations shook them up.
They did have a long run but ultimately it caught up to them.
ReplyDeleteMaybe it's my age but it seems like things are changing much faster these days than was true 20 years ago, and if that is so, all the more critical for companies to be change oriented if they are to survive.