Sony is cutting 10,000 jobs, mostly outside of Japan. The company that once was the standard for the consumer electronics industry also plans to close 11 of its 65 factories.
It isn't a big secret that Sony's performance has been sub par. The company used to lead with its televisions, audio devices and single handedly created the category of the Walkman. But today Apple's iPod and low cost manufacturers from South East Asia lead the way. Sony is also nowhere to be seen in the emerging market of home networking.
Only a few visionary enterprises succeed in holding on to a business lead for long periods of time. The majority has a good run and then fades away.
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