EditorialsBy Matt Bud, Chairman, The FENG

On becoming obsolete

From our daily member newsletter on May 13, 2019

It is a sad state of affairs when your presumed skills become obsolete, but like the buggy whip manufacturer of old, your only choice unless you want to become extinct is to adapt. Let’s see, buggy whips are made out of leather, so a good first step would be to define yourself as a leather goods manufacturer. Of course, they didn’t have the Internet back in those days, but my bet is that many of the buggy whip manufacturers knew each other. And, if they didn’t know each other, they probably knew who their competition was and as demand fell, they took note of what steps others were taking to adapt their operations. The carriage makers didn’t have such a [ Read more… ]

OUR SPONSORS:

cfo