What the Liquidation of Borders Can Teach Us About Stagnation
Lessons Learned: What The Liquidation Of Borders Can Teach Us About Stagnation
A technologist and writer who shares communication on personal productivity, inventiveness and how to use engineering to get things washed. Read full contour
If yous haven't heard the news virtually Borders shutting downwardly its remaining retail stores, then Paid Content has got your back:
"Borders is closing its 399 remaining stores and 11,000 employees are being laid off. In a argument, Borders Grouping President Mike Edwards said, "We were all working difficult towards a different outcome, but the headwinds we take been facing for quite some fourth dimension, including the apace changing book industry, e-reader revolution, and turbulent economy, have brought u.s. to where we are now.""
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Being a past Borders' customer this news sort of saddens me, specially when about 4 months ago they closed my local store. Merely to tell you the truth information technology really isn't that surprising. Borders Group President Mr. Edwards is right almost the "headwinds" and the "apace changing book industry" just this the exact crusade of why Borders is going totally out of business organization.
The existent reason is stagnation and the thought that "we are as well big to fail", not new unpredictable markets that but swooped in and took upwards all their business.
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Years ago, Borders could have done something to counteract the adoption of the Kindle and by the fourth dimension the iPad fabricated its way to consumer's hands, Borders was pretty much out of luck.
Don't allow it happen to you
I'chiliad a technologist and developer. Because of that, having a up-to-date skills and agreement of engineering science is something that I accept to spend time and attention on. Without information technology, the "headwinds" of my industry will sweep me abroad and brand me useless. Without spending considerable effort staying current my "changing industry" volition eat me alive. Sounds familiar, huh?
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Then, instead of sitting dorsum and being happy with where you are in your skills and understanding of your profession or manufacture, you lot should e'er be identifying opportunities to improve yourself by learning and gaining a better agreement of your work. If you aren't doing that, then yous are stagnating simply equally Borders has.
Via [Paid Content]
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Source: https://www.lifehack.org/articles/lifehack/lessons-learned-what-the-liquidation-of-borders-can-teach-us-about-stagnation.html
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