subject: What Did You Say Your Business Was? [print this page] Several businesses have return, flourished for a time and gone because they targeted on force feeding the customer with merchandise without a real understanding of the constantly changing needs and desires of the customer. The client pain changes with time, typically as a result of of technology, and businesses tend to ignore the changes, leading to the ultimate demise of entire industries.
A prime example is the railroad trade that failed to concentrate to the arrival of the aircraft and failed to comprehend that their business was transportation, Another example is that the newspaper business that failed to understand that with the coming of the internet, news was much a lot of out there for reading in real time and the impatient customer no longer had to attend for the printed paper and therefore the newspaper is currently a dying breed. They failed to acknowledge that they were in the knowledge business and not the business of selling advertisements.
Another entire business area is once more rapidly evolving and business homeowners aren't comprehending the changes that are happening in the client environment. Customers are now actively concerned within the simultaneous creation of data and entertainment because of social networking. Facebook, Flickr, MySpace, Twitter and YouTube are permitting the client to become concerned in the concurrent production of stories and to a nice extent their own entertainment and now they're no longer forced to take a seat and stare at the TV screen drinking in whatever garbage is being doled out to them. Currently they need a say in building their own entertainment by manner of the social media sites.
The heyday of the Television super company is long over and unless they start to understand the changing client atmosphere, they can soon disappear into the darkness of the failed conglomerates. The day of the publishing firms is long gone and books and magazines are evolving as we have a tendency to shift to digital production environments. The music business is additionally being forced to alter the publishing methodologies and CDs, DVDs and every one of the hardware that's needed to play them are soon to vanish.
The worldwide economy is currently mostly primarily based on info technology. Law and its apply together with contracts and the means they are negotiated and delivered needs to be modified. Health care desires to change during this electronic world and medical records will soon go totally digital and medical transcribers will become irrelevant. The duty market will shrink because of disappearing jobs that are replaced by automation. The post workplace is changing into a phenomenon of the past and the postman soon will not ring even once, following in the footsteps of the telegram delivery boys who vanished a long while ago. Lastly, the parcel post services can give method to "beaming up Scotty"
