1
Electronic Publishing Group
Example of industrial transformation - Shoes
F
Old Paradigm
–
Tennis shoes, sneakers
–
With the flight of
manufacturing in the
1950s, Boston stopped
being the shoe capital
of the US
–
–
F
New Paradigm
–
Sports and leisure foot
comfort and power
–
Making of shoes is
outsourced to Asia
–
Shoe companies are
information companies
–
Value added:
shoes
costing $2.50 are sold for
$55.
–
Boston is back as the
leisure foot comfort capital
again