Very interesting video, thank you for posting,
Sad but true… those three brands are a few of the many tool brands that have gone, or changed dramatically. Walker-Turner, Boice-Crane, Dewalt saws, Black and Decker, Stanley, etc. He mentioned a few names that hit home with our generation and interests Porter-Cable, Delta, Craftsman but the situation is the same everywhere in every industry. Life goes on, things change and it is very hard for companies to stay on top through generational cycles.
As for the “pattern” that a small group of entrepreneurs come up with an idea and turn it into a huge company …. peculiar to tools ??? Ummm… how about Google, Yahoo, Apple, Microsoft and dare I say it ….. Amazon, Facebook, Twitter.
Just as he said, when companies get too big and start thinking wider than their core strengths, they begin the downward slide.
Believe it or not, one day Amazon, Facebook and Twitter will go the way of the dinosaur as well..