08.28.13
Are you a Blockbuster or a Netflix?
Last week I had the pleasure of listening to a speaker discuss the health of the local San Diego economy. Of course, there were a few San Diego mayor jokes thrown in to start the presentation but now we are moving onward and upward from that sordid tale.
A few observations were interesting to me. As he reflected on the last few years he reminded us of the trip we used to take to the local Blockbuster store and walk up and down the aisles searching for the perfect movie to check out. And then this small start up company began mailing the DVD’s directly to our home and streaming them via the internet. The Blockbuster store on the corner is gone. Young kids do not know the concept of walking the aisles of the video store but Netflix is as well known of a brand as any.
Times change don’t they. Businesses that don’t change are bound to stagnate and possibly disappear.
What changes are you pursuing in your business? Do you encourage innovation with new products and technology? Embracing change can lead to great opportunities.
Regards,
Brian
