Liz Claiborne for years designed clothes for a company whose management disregarded her ideas that body types and style preferences warranted innovation in design. So in 1976, she started her own company.
Liz Claiborne Inc. became an industry leader, with versatile designs appealing to the growing number of women in the workforce. Her company sparked a major change in women's clothing options that continues to inspire and influence fashion designers today.
Smart retailers do not just react to change, or even simply profit from it. They make it happen, and as a result, they control it on their own terms. Resistance to change is perhaps the biggest threat to progress a business can face.
"When you are through changing, you're through," said Bruce Barton, the most famous advertising executives of his day and a former congressman.
Change, for most people, is an unnerving experience. But as the old saying goes, change is inevitable. It's one of the only constants in life.
I am in the envelope manufacturing business, an industry that has seen remarkable change in the last 20 years. Communication that used to be mailed in a crisp envelope now travels instantly through cyberspace.
Fax machines and the internet forced us to look to the future of our business. We are still constantly readjusting to accommodate and, in fact, thrive, in our increasingly paperless society.
A variety of circumstances lead to change. In our company's case, it was technology. For other industries, it could be government policies, industry changes or acquisitions.