3 ms·
Enterprises tend to stay in their local optimum until they are pushed out, and are forced by a competitor to look for another cow to milk. And there’s a reason
by manmal 9y ago
Enterprises tend to stay in their local optimum until they are pushed out, and are forced by a competitor to look for another cow to milk. And there’s a reason for that - finding another cow to milk is expensive and risky.
If Tesla had not been created, those other enterprises would have milked the gasoline cow for way longer.. perhaps another decade? I’m grateful that Elon is sticking out his neck on a daily basis, potentially slowing global warming as a result.
- woodandsteel 9y ago>Enterprises tend to stay in their local optimum until they are pushed out, and are forced by a competitor to look for another cow to milk. And there’s a reason for that - finding another cow to milk is expensive and risky. That's a very nice statement of the innovator's dilemma.