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Don’t fear change, but embrace it – look for opportunities

  • Change is an inevitable part of life and of business
  • E.g. of successful businesses that got left behind or re-invented themselves
  • Kodak; Blockbuster; Record stores, book stores, Toys R Us; Wal-Mart; Amazon – original business was selling books; Facebook;  fax machines
  • Technology has shortened life cycle of products – what used to be years and decades is now often weeks and months
  • Ignoring change will ensure your business will not survive – it is just a matter of time
  • The future is not guaranteed – past success does not ensure future success
  • Successful businesses continually re-invent themselves by continually looking at their business environment