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Home » The Lethal and Dangerous Price for Innovation Inertia
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The Lethal and Dangerous Price for Innovation Inertia

adminBy adminMay 24, 2020Updated:July 23, 20212 Comments1 Min Read
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The #Covid19 crisis is proving to be a final blow to a lot of large traditional retailers who were already struggling to cope with the ever-changing digital retail era. If reports are to be believed, then #Amazon might buy #JCPenney in the next few months. It is quite an interesting fact to know that both the companies were valued at $14bn in May 2005. However, after 15 years in May 2020, JC Penny filed for bankruptcy and up for sale now and Amazon is worth $1.2tn.

Its current market cap stands at $58M which is 0.11% of Amazon’s cash on hand ($49.29B) & 0.30% of Amazon’s 2019 marketing spend ($18.88B) so it’s a pocket change for Mr. Bezos however this deal would give him a lot of “ REAL ESTATE” & most importantly help Amazon in its push towards #Fashion and #Clothing segment.

The way tech is changing the world especially in the last decade or so & how lethal & dangerous innovation inertia could be for any business these days, here is the classic case study !!

Ravikant Sharma

Business Consultant

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2 Comments

  1. Johnette O'Meara on August 5, 2020 7:42 pm

    An excellent post, congratulations !!

    Reply
    • admin on August 5, 2020 8:28 pm

      Thank You

      Reply

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