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Saturday, January 27, 2018 3:50:04 PM
Interesting that the legacy brands always seem to struggle a bit more adapting their business models to compete with smaller competitors that often times can be much more agile in emerging market conditions.
I’ve seen it happen in the auto industry in a big way as well. The guys who start from scratch to accommodate a new emerging market may not have the huge money and infrastructure behind their venture but it actually forces them to be creative and efficient in their drive to penetrate the market. They are lean and fast and can tailor the business to the market in ways the big guys just can’t.
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