Originally Posted by
All Bizniz
Hasn't there been many quiet, conservative, old school companies that went out of business, or were acquired by their more innovative competitors because they refused, or were unable to adapt to the changing climate in their respective industries?
I'm not saying it hasn't been to their advantage in the last 80 odd years, and one could say that it has been especially so in this pandemic, but I feel the competive forces that will eventually make another rally against our castle walls, stand a big chance of breaching our competitive moat, unless we adapt to the changing landscape.
They came real close the last time.
Yes this, their philosophy and model has worked OK for a long time, but that unfortunately does not guarantee future results. Stagnation, or God-forbid shrinkage, are will-known paths to oblivion in this industry. If they are small enough, and the competition is big enough, the competition can AFFORD to loose money in order to under-cut and drive them out.
Covid might have bought them a reprieve from DL, but they might need to worry about WN now.