One of the most important things any business needs to do in order to
survive in the long term is reinvent itself. Every day, you have to be
open and willing to change, never letting yourself get locked into a
single way of doing things. Last week, Kodak, one of the iconic
businesses in this country, declared bankruptcy because it wasn’t able
to successfully reinvent itself.
Sometimes, businesses fail. To survive, any business has to stay a
step ahead of the competition, looking for ways to improve its products
and services, get more out of its workers, and operate more efficiently.
That is at the very heart of capitalism. Become effective and
efficient, or disappear.
Reprinted from The Wall Street Journal © 2012 Dow Jones & Company. All rights reserved.
On
Sunday, when Denver Bronco wide receiver Demaryius Thomas caught a pass
from Tim Tebow on the first play of overtime and ran it all the way for
a game-winning touchdown, the stadium erupted. At once, people cried
that it was a miracle, and Mr. Tebow went down to pray on one knee in
his signature pose. Millions of viewers already knew the first words he
would say whenever a reporter caught up to him for a postgame interview:
"First of all, I want to thank my Lord and Savior, Jesus Christ!"
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