On topic of businesses failing to adapt, NY Times has an interesting read about Barnes and Noble, and how they developed (and continue to develop) the Nook.
“They were all wondering what I was up to,” Mr. Gopalakrishnan, 46, said. “I’m a technology guy — why I was working for a retail company? They thought I was nuts. There were a lot of e-mails that said, ‘Barnes & Noble?!’ ”
What I find most interesting about this article is that publishers really want B&N to succeed. To me, it seems a little bit odd that a publisher is clinging on to B&N, when really, they should be looking at their own business model. It’s clear that publishers no longer offer value (and increasingly less so) and if they don’t adapt, they’re going the way of Borders. I’d like to see if the publishing industry as a whole can still survive and adapt. Dinosaurs are not the future.