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"We've won, but at what cost?" (lemmy.world)
submitted 2 years ago by to c/memes@lemmy.world
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[–] 62 points 2 years ago (2 children)

We’ve certainly seen companies fall because they’ve not tried to stay on the cutting edge before

Best example I can think of is Kodak and digital cameras. They invented it then sat on it until it was too late because they didn't want to cut into their film scam.

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  • [–] 41 points 2 years ago (1 child)

    Sears. They got wrecked by the internet.

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  • [–] 31 points 2 years ago (1 child)

    Sears had a massive mail order catalog. Easy to switch that to Internet, right? But they decided to focus on stores.

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  • [–] 27 points 2 years ago* (1 child)

    It’s quite unbelievable that it was literally right there. The logistics were like 60% solved for them already, the remaining 40% was just making sure the online content remained linked with inventory and fulfillment, and expanding that capacity.

    “We think online shopping will be just a fad” - the unimaginable hubris…

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  • [–] 13 points 2 years ago* (last edited 2 years ago) (1 child)

    I was refreshing myself on wiki. They launched prodigy, but it was too early for online shopping to be popular. So they probably got a bad taste for that kind of thing. A concept in venture capital is that it's all about timing.

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  • [–] 4 points 2 years ago (1 child)

    Ohh I forgot they did Prodigy. It was such a WEIRD experience; it seemed to drop you down into this BBS/DOS mode, and none of the navigation was very similar to everything else on any PC/Mac at the time. I enjoyed some of the games on it but I really didn’t know what to think otherwise. We didn’t keep it very long.

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