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Showing posts from February, 2012
"If we have learned one thing from the history of invention and discovery, it is that, in the long run - and often in the short one - the most daring prophecies seem laughably conservative." - Arthur C. Clarke (1917 - ), The Exploration of Space, 1951

Healthcare CEO's Guide to Avoiding the Newspaper Industry's Mistakes

Imagine an industry, slow-moving, comfortable and secure in assuming its own irreplaceability.  Health care?  Well, yes,  But also newspapers, and therein lies a lesson or two.

From Forbes here's the Healthcare CEO's Guide to Avoiding Newspaper Industry Mistakes: (note that the underlined emphases are mine.)

"Health system CEOs would be well advised to study what newspaper industry leaders did (or perhaps more appropriately, didn’t do) when faced with a dramatic industry change. Turn back the clock 15 years and the following dynamics were present:
Newspaper leaders knew full well that dramatic change was underway and even made some tactical investments. However they didn’t fundamentally rethink their model.Newspapers were comfortable as monopoly or oligopoly businesses allowing for plodding decisions. Their IT infrastructure mirrored the plodding pace with expensive and rigid technology architectures.Newspaper companies bought up other newspaper chains and took on huge debt…