Jeff Bezos - Very Rich, But Not Very Smart [vanity]

-“the stupid part of the equation goes to Sears who developed the process utilizing the technology of the time. -Can you elaborate on that? Sure. Sears pioneered the mail order business almost 100 years ago. Their process and procedure was essentially the same as Amazons is today. Sears; browse through their catalog Amazon; browse through their database Sears; select product and write pn and qty on paper order form Amazon; select product click on desired field, click on qty Sears; put order firm in preaddressed envelope and mail Amazon; click on method of payment click buy I did the shortened versions of their process flows but you get the idea. Sears, Instead on changing and adapting with new technology, remained stuck in their old 20th century paradigm. Amazon, came along, adapted new technology, user friendly, fast, don’t have to get off the couch, etc, etc, and has essently put Sears out of business. Remains to be seen if Amazon will stay current with technology or even create new technology. It appears to me most businesses eventually become complacent and stale. Few are able to continually reinvent themselves. We shall see 😏...

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