The only constant in life — and in business — is change. That hard truth is painfully obvious in some of today's stories. SeaWorld was a pearl in Blackstone's investment portfolio when the theme park went public in April 2013, but the Blackfish documentary on killer whales a few months later damaged the brand, and it is still hemorrhaging customers. Walk though any popular tourism destination these days, and restaurants and hotels display signage about their TripAdvisor ratings, yet things have never looked more grim for the hotel review and booking site.
Meanwhile, when the CEO of British Airways refers to his airline as a "premium" brand, there are cries of disbelief in some quarters because the Gulf airlines and others make British Airways appear ragged. Moral of the story? Companies shouldn't get complacent or overconfident because a hungry competitor or a twist of fate may upend the status quo in a heartbeat. Business, after all, isn't for the feint of heart.
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