Monday, December 1, 2014

My professor gave us a lecture on the "dinosaur age" of past, and current, big technological corporations. It was kind of cool to see how a company could be so big at one point in time and then suddenly vanish within a few years. Or, on the opposite side, how a small company that not very many people knew about could conquer its competitors and grow to be number one. Business is a very vicious world to be in. Only people who are flexible and adaptable can survive in such a wild and fast-paced environment. It's important to keep that in mind when starting a business. I think now in the modern time any product you make is like your business because there are so many different companies and ideas out in the world that just lowering your prices in comparison to your competitor's isn't enough anymore. To really get a business going, it needs to be about something that is really different that totally stands out. Even movie making is like a business because there aren't very many "new" movies anymore. most of the movies are just taking ideas and concepts from other/older movies, so they're becoming predictable. That might be why the movie industry is starting to lose money now. Only movies that are completely different can make huge bucks for Hollywood, and I learned from class that's exactly what business today is like too.

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