The greatest business failures are business giants that fail to adapt to a changing environment. If Blockbuster only saw the future was digital, perhaps it could have saved itself, even with its stubborn decision not to buy Netflix.
You either adapt to a changing environment or you die.
After a 2 ½ year reconstruction, the local Library reopened after a $35 million renovation. The renovation was made possible after a bond referendum during COVID. I haven’t read an actual paper book since Kindle, and I’m sure many have. However, the library repurposed itself long ago as a community center that the community didn’t have since we are an unincorporated village. It’s for programming and a lot of other things, and they have books too.
Unfortunately, the library is majestic and the school district is in shambles, but that’s another tax district.
Whatever struggle you’re in, you can’t stand pat in a business that is always changing. You have to change when the times change or you become obsolete as a library that just has books.
