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The new economy will bring about death for mediocrity and birth for innovation
By Charles Martin | December 9, 2008
That’s a good thing. Something the HH has wished for. Now, businesses and their half-baked, live on a shoestring and deliver bad service business models — will die.
I sort of feel bad for the employees that are working for companies like this, but then I don’t. As someone that’s worked alongside mediocre business owners, I know that employees are as responsible for the most part in signing on to deliver just-so products or services.
The bank cleanout is one giant example that reaks of mediocre death. We might be back to three or four giant banks by 2009′s end and so many of the banks that were barely making it work (while possibly gouging their customers) will be gone. This can spell problems for competition, but hopefully not so much we all suffer in the opportunity department.
The very good part – and something lots of bloggers talk about — is that innovation careens into the stratosphere when times are hard. People get anxious and start to develop new ways to make do. Through this experimentation phase, we as consumers and business people get to trial and help develop through our feedback and purchasing power.
If your car dealer, your dry cleaner, or your local bodega has always cut corners or given you a fight when they were in the wrong, just hide and watch. They’ll be gone soon.
Topics: Big biz, New S*it, Sales Acumen, The brand room | No Comments »