bookstores aren’t dead yet – an example of the artisinal organization
A few years ago, people predicted the end of bookstores. Major chains were closing – Borders, Waldenbooks, and many more. Amazon ruled the world. But a funny thing happened. The independent bookstore business refused to die. Recently, it seems to be expanding.
The chart about is taken from a business data website called Statista and it indicates that the independent bookstore is carving out a niche. How can this happen? My guess is that bookstores are now “artisinal organizations” – entities that create value through service, curating products, and providing an “experience.”
This is made possible by the technology of the book itself. A paper book, with pictures and an attractive cover, is still a highly desirable product. At its best, the physical book draws you into its world in a way that different than the computer screen. And there is the social aspect of reading, of hanging out with other book worms.
The physical independent book store – or any other artisinal organization for that matter – will not bounce back and replace it’s high tech or mass produced counterpart. But in a large economy, it is now possible for subcultures to pop up around niche businesses that provide an “artisinal” version of a product, much as it has happened in food. And that’s a good thing.