Businesses are essentially in business for the very long haul, in which, therefore, no business as part of their model, foresees a day or time when they will no longer be necessary, yet, businesses in today's modern era must be nimble and bold enough to change as is necessary in order to continue their success, or risk being put out of business, no matter how smooth the sailing may appear in the present-day age. This does indeed make the management of companies a more challenging task, for if the future is always uncertain, it seems to be even more uncertain in today's quicksilver world.
Not too surprisingly, many people, including management, of course, have a tendency to want things to stay pretty much the way that things are currently, because they are comfortable with their circumstances, yet, it is that very same management, that needs to be most cognizant that businesses must change or adjust in order to maintain their place or to improve their hierarchy in business or else like the most carefully laid out plans, things will change, sometimes dramatically to their business. That is to say, when management is aware that there are material changes in their business, which will necessitate substantial changes in how they conduct their business, employ people, and sell products but are reluctant to embrace these changes because doing so will fundamentally undermine what they had previously been doing, they are in a rather dramatic quandary.
In point of fact, many popular products, many popular ways of doing things, simply don't exist anymore, or if they do exist, exist on the periphery of the marketplace, for instance, horses were once used as a real means of transportation, but in today's world are primarily utilized as a rather expensive hobby. So too, the cars that we utilize today look nothing like cars that were produced at the turn of the 20th century, and with technology pushing ever harder for the advantages and perceived safety of self-driving cars, a business that sells over 17.5 million vehicle annually, and mainly uses petroleum products as the fuel of choice, may indeed be at the cusp of real fundamental change for a product that costs thousands of dollars to buy and hundreds of dollars to insure, so that, the insurance as well as the production of such, is now facing fundamental and traumatic change.
While businesses have many choices in regards to perceive upcoming changes in their business, such as trying to protect their own with laws, or rules and regulations, the inefficiencies of creating a moat will not be enough to stop an idea whose time has come. This means that management of corporations that fail to read the tea leaves of change correctly, are in danger of becoming irrelevant, retarding their growth substantially, and ultimately finding that their business is unable to maintain their accustomed profit, or their gross margins, or their best and brightest, as these things will as a matter of course, gravitate to those businesses that have better upside and have correctly seen the future and embraced it wholeheartedly.
This means, almost for a certainty, that the more governmental interference or alliance that is made between government entities and private enterprise, the less capable these entities are of actively embracing change because they have more of a vested interest in keeping things just the way that they currently are, which, done on a big enough level, slows creative destruction, slows economic growth, and reduces competitive and efficient effectiveness, making a country less competitive, less desirable, and less wealthy.