The most successful businesses and industries in the world are those that understand the necessity of change. Evolution is a constant reality that doesn’t only move the natural world, it moves industries and technology with just as much force. A company may be founded upon a game-changing idea, discovering a new market , or even a venture in a dependable old one; if that company does not evolve it will most certainly perish. This may seem like an obvious truism, yet it is one that for so long has gone ignored in businesses across the world and the price they’ve paid has been public and devastating.
Which is why I’m here to tell you about an old hobbyhorse of mine – THQ.
While my usual corner at The Australia Times has been writing for the GAMES magazine, I felt this story about THQ fit far more into BUSINESS as it is about an issue concerning almost every industry worldwide.
THQ was a games developer and publisher that went bankrupt in 2012, moving from a billion dollar company to defunct in an incredibly short time. It was a huge surprise to our industry, the equivalent of something like Disney or Telstra suddenly disappearing off the face of the map.