Friday Jan 20, 2012
In the 1970s a new leader emerged in tlelevision production. Sony had its three gun Trinitron television which produced a much more clear picture than the Zenith or RCA. Indeed demand was so great Sony decided to start making the sets in the US. US dealers protested, certain that quality would decrease!
Now, Sony and Panasonic both face debt downgrades due to, yep, poor television results. This is all the mroe incredible in that both are leading producers of the digital cameras used in televisoin production!
They have been supplanted by lower cost porducers like LG and Samsung.
Our point is that one cannot stand still in today's global marketplace. Anticiapting such changes is as much a part of the accounting job as it is marketing.
Isn't it amazing how often we can point to a company that is falling by the wayside and look back on its performance to see why they are failing? Look at the myriad of former big players in various markets: Kodak, Yahoo, Sears, Barnes & Noble. They all failed to see the market changing and are suffering or scrambling to regain their footing. The management staff of each company must stay one step ahead of the competition or face the consequences!
Posted by: Luis Martinez | January 20, 2012 at 11:11 PM