BUSINESS LIFE.
l For the young business, specialisation is the. accepted shortcut to success, declares a
writer in System. To make a better article or to market it more cheaply than can anyone else, requires concentration of every condition and circumstance surrounding production or distribution, improvement -of .the product of discovery of an uncharted outlet, an unworked field. Intensive methods, however novel in farming, " are the foundations on which thousands of prosperous industries have been reared. Specialisation involves a danger, however, not always. easy to forecast.' The collapse of the bicycle trade, a few years back, was a striking instance of the market fickleness ..which adds daily obituaries to the column headed " business embarrassments." Demand stops suddenly, capriciously—in mid-season, between seasons. The resource of the owner is not equal to the task of creating a new industry before the wheels of the old one have quite ceased to revolve. To face a crisis of this sort—to .shape a new machine out of the wreckage, is the severest test of courage and adaptability any; producer can undergo. Sometimes it is a happy catastrophe, turning from a. field of doubtful.profit to one of crowding opportunity. -
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Bibliographic details
New Zealand Herald, Volume XLIV, Issue 13456, 5 June 1907, Page 9
Word Count
193BUSINESS LIFE. New Zealand Herald, Volume XLIV, Issue 13456, 5 June 1907, Page 9
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