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Misleading (and not original) title. The 'economic environment' has not changed, the prevailing economic environment is that if you're an incumbent, sooner or l
by stevetrewick 11y ago
Misleading (and not original) title. The 'economic environment' has not changed, the prevailing economic environment is that if you're an incumbent, sooner or later someone fitter comes along and eats your lunch. Which is also pretty much the tl;dr of TFA.
- throwaway13337 11y agoFrom the perspective of large multinational companies, the environment has changed. Tech and emerging market companies create low margin competition that incumbents can't compete with. The rate at this happening is higher than ever before and has recently sort of exploded.
- stevetrewick 11y agoWhile I'll certainly agree that the rate is variable, the underlying mechanism seems fundamental to how trade/markets/capitalism function. Perhaps my definition of 'environment' is wonky.