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"We've won, but at what cost?" (lemmy.world)

submitted 3 months ago by mecfs@lemmy.world to c/memes@lemmy.world

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[–] ThePantser@lemmy.world 61 points 3 months ago (2 children)

We’ve certainly seen companies fall because they’ve not tried to stay on the cutting edge before

Best example I can think of is Kodak and digital cameras. They invented it then sat on it until it was too late because they didn't want to cut into their film scam.

[–] gibmiser@lemmy.world 41 points 3 months ago (1 children)

Sears. They got wrecked by the internet.

[–] someguy3@lemmy.world 31 points 3 months ago (1 children)

Sears had a massive mail order catalog. Easy to switch that to Internet, right? But they decided to focus on stores.

[–] 4am@lemm.ee 27 points 3 months ago* (last edited 3 months ago) (1 children)

It’s quite unbelievable that it was literally right there. The logistics were like 60% solved for them already, the remaining 40% was just making sure the online content remained linked with inventory and fulfillment, and expanding that capacity.

“We think online shopping will be just a fad” - the unimaginable hubris…

[–] someguy3@lemmy.world 13 points 3 months ago* (last edited 3 months ago) (1 children)

I was refreshing myself on wiki. They launched prodigy, but it was too early for online shopping to be popular. So they probably got a bad taste for that kind of thing. A concept in venture capital is that it's all about timing.

[–] 4am@lemm.ee 4 points 3 months ago (1 children)

Ohh I forgot they did Prodigy. It was such a WEIRD experience; it seemed to drop you down into this BBS/DOS mode, and none of the navigation was very similar to everything else on any PC/Mac at the time. I enjoyed some of the games on it but I really didn’t know what to think otherwise. We didn’t keep it very long.

[–] someguy3@lemmy.world 3 points 3 months ago* (last edited 3 months ago)

Can you fill us in on what it was exactly? I'm rather confused but I think I got online store out of it man

[–] magic_lobster_party@kbin.run 27 points 3 months ago

Nokia. They were at the top before iPhone. They couldn’t catch up with smart phones at all.

I believe Intel will be another potential example, but we’ll see about that.