Tagged With neto

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If you were in any doubt about the level of business acumen possessed by the leaders of many of Australia's largest retailers then the last week or so will have confirmed your expectations. Despite what many retailers think, Amazon's big advantage is not price - it's service. But events of the last week seem to have confirmed that Australian retailers are clueless when it comes to reacting to a changing market.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

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If you were in any doubt about the level of business acumen possessed by the leaders of many of Australia's largest retailers then the last week or so will have confirmed your expectations. Despite what many retailers think, Amazon's big advantage is not price - it's service. But events of the last week seem to have confirmed that Australian retailers are clueless when it comes to reacting to a changing market.