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Many companies fell despite having many smart people working for them. I would say every semi-big company probably has many smart people working for them. That
by mijamo 8y ago
Many companies fell despite having many smart people working for them.
I would say every semi-big company probably has many smart people working for them. That does not prevent them from doing very stupid/bad/evil things, and sometimes disappearing.
The fact that they anticipated the move does not mean anything regarding their future, just like Kodak with digital photography for instance.
Taken differently, maybe you see a tsunami coming from very far away and are able to even calculate how strong it is and when it will come, but that does not mean you will be able to save your house in the seafront ;)
- Radim 8y agoSure. My point was not only did Elsevier see the "tsunami" coming, they also prepared for it profusely. Using a combination of legislation, regulation, lobbying and technology. Obviously any company can fail. I'm just offering a little inside information that pushes back against the notion that Elsevier is a static, dumb, backward-facing entity, taken completely by surprise by this new-fangled thing called "open access". Not the case.