We are witnessing a Kodak moment. A contraction of an industry is taking place, it may spurt and stutter, but the overall trend is getting smaller. True, the innovative and those who adapt to change will survive. Ask yourself how innovative HAL has been with their introduction of products and the adapting to change. When I got involved with HAL I saw how difficult it was to turn that big ship in the right direction. There are too many people 'who know best' that can put roadblocks in your way. So I say, have those roadblocks been removed or are those roadblocks still in place.
2 replies (most recent on top)
Even if production goes back to where it was, there's going to be a big push to keep prices low because the customers are swimming in debt. Where you used to see a warm body your going to see automation and technology. This industry will never be close to going back to the way it was. And the energy industry isn't the only one with that problem.
Kodak refernce is right on. They never saw the digital camera as the threat that it was until it had overtaken them. And the digital cameras got had by cell phones. HALs opportunity to transform is gone, far too concernned with dividends and status quo. This contraction will be the nail in the coffin for some in the industry, for HAL who knows.