Quote of the Day – on the speed of business competition

Image representing AOL as depicted in CrunchBase

Image via CrunchBase

“How unexpected that eBay acquired the third largest auction house in the United States, Butterfield & Butterfield. How surprising that Vodafone, still in its teens, bought Mannesmann, one of Germany’s oldest and proudest companies. How weird that AOL’s leadership team would end up in control of a postmerger AOL Time Warner. The barbarians are banging on the gate—and if you’re not careful, they’ll be eating off your best china. This is the old guard versus the vanguard. The power of incumbency versus the power of imagination.” Gary Hamel

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