Brands without future
Brands without future
Out of context: Reply #11
- Started
- Last post
- 13 Responses
- kbags0
The critical point is that EBay and Amazon FOUND new marketplaces, and that is the essence of business success.
McDonalds is faltering because of the pricing war in the fast food industry, which was the direct result of longtime follower Wendy's launch of their one-dollar menu two years ago. Since that time, it hasn't really paid to invest in the former sure bet that is the McDonald's franchise.
Entrepreneurship's greatest adversary is fear of failure, and that's why most people don't try to be the next nike. Grab your balls and your laptop and go make something happen instead of bitching about the things that don't happen because we're too busy sipping coffee and complaining about what's wrong with the world.