My headline may be brutal but it’s true. My last post talked about the demise of some big High St names which have all failed in recent weeks. A primary cause of their failure was an inability to adapt their business model to the new world.
Our lives have changed. We have changed the way we shop. Some of us have changed the way we work. Many of us have reduced our visits to pubs and restaurants. We have changed the way we spend money and perhaps more than anything else we have changed the way we spend our time. So why do so many businesses continue to trade as they’ve always done?
There are probably lots of different answers. Perhaps nobody has future proofing a business in their job description. Perhaps a business is too big or cumbersome to change direction quickly. Perhaps a business is too strapped for…
View original post 347 more words