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Gamestop is not really a good example to end the article with as a company that has given up on innovation. They've pursued the other strategy: buy it. Since 20
by thomasjudge 10y ago
Gamestop is not really a good example to end the article with as a company that has given up on innovation. They've pursued the other strategy: buy it. Since 2010 they have made several acquisitions including Spawn Labs, Simply Mac, BuyMyTronics, Spring Mobile, and a bunch of Radio Shack stores.
- dragonwriter 10y agoThat's buying something, but is it innovation?
- nickpsecurity 10y ago" that has given up on innovation. They've pursued the other strategy: buy it." Writer claimed they were doing the opposite. Or am I misreading what you're asking? Did you mean to ask if buying something was itself an act of innovation as in other comments?
- dragonwriter 10y agoI was asking if the things that they are buying are fairly described as buying innovations.
- nickpsecurity 10y agoI'd say so. You can build it or acquire it. Steve Jobs, echoing Picasso, used to say that "good artists create but great artists steal." Allegedly, anyway. ;) I'd also say, as some others did, that it takes a certain amount of insight to see through the noise of the market to spot the claims (eg innovations) that will become part of your vision and integrate with your offerings. A track record of doing that right most of the time is certainly a form of innovation even if not as brilliant as a startup. Each time, the company's portfolio is stronger and providing more value to customers and shareholders that competition might not have.