4 ms·
These were because technology changed, not because of better competitors doing the same thinig
by jacknews 7y ago
These were because technology changed, not because of better competitors doing the same thinig
- WalterBright 7y agoThey did the same thing as far as the customer was concerned, only better, thereby offering a better deal to customers, who switched.
- jacknews 7y agobut it negates your point that lazy incumbents will get disrupted by nimbler competitors. That mostly happens when the 'nimbler competitors' are in fact armed with a completely new technology, business model, etc. ie, innovation is the key to change, not just decay of the old making way for more of the same, but more vigorous.