My most recent blog for BI’s Learing Lab. This is one image of the future of the Norwegian book industry.
Book stores, banks, grocery stores, travel agents, clothing stores are all facing digital disruptions. Some cling on to out-dated business models (yes, we call them Dinosaurs), while others try to adapt.
This week Businessweek writes a brilliant piece on the demise of Borders. Once the world’s largest book retailer, now out of business. The story covers one company. But the lessons are valid for most firms struggling with digital disruptions. Most managers will learn from reading The End of Borders and the Future of Books.
We’re writing an article on the demise of the book industry. It’s titled “All books 99 cent”.
What’s better than using our iPad Kindle app for the research? We were looking for some updated material on Tata’s Nano car. Came across the book “Small wonder. The making of the Nano”. Found it, bought it, downloaded it and read half of it – all in 25 minutes. And for less than the price of a Cappucino at our local coffeeshop. Wow!!
Good luck, old book industry………