And this is what bankruptcy looks like in a RESET world

March, 2011

The main Borders Bookstore in downtown Washington, D.C., with "Going Out of Business" and "Everything Must Go" signs in every window and throughout the store, is unfortunately a perfect example of "a world on Reset." In this example, the Internet has revolutionized (and changed forever) the traditional bookseller business model in the U.S. and around the world. All of this happened within a short 10-year time frame, and in some ways, Borders was simply a victim to seismic and unprecedented change in technology and the world economy.

Quoting former President Bill Clinton, "every country has to create a new set of jobs every 10-years."

John Hope Bryant is the founder, chairman and CEO of Operation HOPE and Bryant Group Companies, Inc., author of Inc. Magazine/CEO READ bestselling business book LOVE LEADERSHIP: The New Way to Lead in a Fear-Based World (Jossey-Bass), and a Member of the U.S. President's Advisory Council on Financial Capability.

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