Transportation, newspapers, and video stores- these are industries which have seen massive changes within the past few years. Companies which were once giants in these fields have either gone bankrupt or seen a massive loss in their profits.  Yet demand for navigation, information, and entertainment hasn’t disappeared. People will always need directions to a specific destination or want to keep up with current political events. Since this is the case, why are the original industry figureheads suffering so much? The answer is simple: other companies are doing the same thing better, cheaper, and faster by utilizing a different business model. Apps such as Uber and Lyft offer a more affordable and convenient alternative to taxicabs, news can be found for free on a multitude of websites as well as on social media, and the prevalence of digital media has rendered physical media near obsolete. Don’t be caught off guard, prepare yourself with the knowledge you need in order to navigate a rapidly shifting market.

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