Earlier quoted context omitted.
Enterprise vendors have gotten better at locking in customers on multi-year contracts which takes away some of the biggest upside to chipping away at the market. Often a challenger will come in and snag a few smaller deals but the Monopoly has a plethora of options to swat it away - rev up their larger more experienced product team to compete, lobby for regulation, poach from the challenger, acquire the challenger, t…
I read a particularly disgusting book called "Competitive Strategy" by Michael E. Porter, that plainly explains how and when to carry out each of the monopoly-preserving actions you have listed
Car dealerships revert to pens and paper after cyberattacks on software provider
241–250 of 363 posts
Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#242Earlier quoted context omitted.
Let's assume you're only selling what's on the lot, and you're not running some complex network operation where you care about other dealerships' stock. Googling tells me the average car salesman sells 8-10 cars per month. Maybe more for a 'high volume' dealership but certainly less than 1 car per day. I would think the paperwork to sell a single car would take substantially less than 8 hours for an experienced worke…
My last car purchase took 14 hours total. 2 separate days, was buying new, no trade-in. I tracked my time because it was a work week! Despite telling them after the first day to "have everything ready" for my second visit, I still spent the majority of the day inside the dealership, twiddling my thumbs.
Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#243For those looking for close coverage of this issue, "GuyDealership" is a good source. https://x.com/GuyDealership https://www.dealershipguy.com *not affiliated
Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#244I'm reminded of the opening line of the second Mistborn novel: > I write these words in steel, for anything not set in metal cannot be trusted. The digital world feels increasingly dangerous and ephemeral. If I have something written with ink on paper I have certain guarantees: I know that it's accessible even if the power is completely out. I know that it won't randomly get deleted if my hard drive suddenly dies. I…
verbal is less secure than digital, which is less secure than paper, which is less secure than clay, etc.
IMO Every important document must be first written and then scanned (or digitized) That includes medical records, sales receipts.
Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#245Earlier quoted context omitted.
The paperwork to do one transaction might not be too bad, but keeping all the inventory on pencil and paper seems like a pain.
It'd be a pain at the multi-dealership-network level, sure. But an individual dealership has what, 50 cars in stock? That seems easily manageable to me. I'm old enough that I've seen far larger operations running on paper. Of course, the days of paper-based paperwork did require businesses to employ diligent and numerate clerks, and to have filing cabinets, manual calculators, photocopiers, whiteout, and suchlike. I…
That would be a very small dealership around here, even in the suburbs. 50 cars on the lot was the amount I was seeing during the height of the pandemic supply chain problems and I was amazed at how empty the lots looked.
Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#246I haven't bought a new car in 8 years. Do they still do that thing with the pen and paper where they write down a bunch of numbers while crossing other numbers out randomly for like 10 minutes?
Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#247Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#248Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#249I haven't bought a new car in 8 years. Do they still do that thing with the pen and paper where they write down a bunch of numbers while crossing other numbers out randomly for like 10 minutes?
Re: Car dealerships revert to pens and paper after cyberattacks on software provider
#250Earlier quoted context omitted.
I read a particularly disgusting book called "Competitive Strategy" by Michael E. Porter, that plainly explains how and when to carry out each of the monopoly-preserving actions you have listed
From what (little) I know, Porter's generally considered to be the expert on Strategy. What did you find disgusting about the book?
- lobby for regulation
- poach from the challenger
- tank prices in the one area the challenger has traction
I believe Porter also mentioned trying to secure vendor lock-in.