We now know how quickly the world changes. Technology disrupts long standing business. The web, wireless and smart devices bring instant communications and transparency.
And the rate of change seems to continually accelerate. Wasn’t is just a few (pre-Tivo) years ago that Blockbuster stores were all the rage? We know it has been coming for a while … it happened today. Blockbuster filed Chpater 11 and indicated another 500 or so stores will close.
This $4 billion company — #1258 on the Global 5000 list — is yet another on a growing list of businesses in disrupted markets.