PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Mr. Whist who wrote (194065)	10/21/2001 9:09:05 AM
From: Thehammer	Read Replies (2) of 769667

Flap, The nature of the business environment is quite a bit more dynamic and multi-dimensioned than indicated by your response. The competitive landscape is undergoing rapid changes mainly attributable to technology. Newer entrants can enter markets with reduced cost structures and state of the art technology. This allows them to offer superior products and services often at a discount to their competitors. The older companies often find themselves needing to deal with a service-cost squeeze overnight. In many cases the older, larger corporations are at a competitive disadvantage. They are saddled with legacy systems and infrastructure. The adoption of the new technology often carries substantial migration costs. How do companies deal with this? Some ignore the change in the competitive environment and slowly lose market share. After bleeding for several years, they may be faced with some unsavory choices: become a niche player with a reduced structure with the hopes of regrowing the business in the future, merge with a competitor or just cease to exist. None of these alternatives is generally good for the majority of their employees. The bottom line is that we live in a dynamic world subject to rapid change. Not only individuals but corporations must be diligent to adjust to these forces of change lest we become obsolete. Corporations do not live in a vacuum and in order to remain in business they must adapt to market place changes. Most corporations view their employees as their greatest asset and see layoffs as a last resort. I don't believe most executives take these decisions lightly. Competition forces certain actions to survive. It is a source of anguish but also makes us stronger as individuals, corporations and as a country. God Bless America Hammer

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