4 ms·
Very, very few things survive long-term. Experiments fail, projects fail, market leaders change. I know talented people who have worked long careers & never see
by mch82 5y ago
Very, very few things survive long-term. Experiments fail, projects fail, market leaders change. I know talented people who have worked long careers & never seen a product ship.
Clayton Christensen made an academic career at Harvard researching market leaders getting replaced.
The Office of Advocacy of the U.S. Small Business Administration reports about half of businesses fail after 5 years, https://advocacy.sba.gov/2011/10/19/what-is-the-survival-rate-for-new-firms/ https://advocacy.sba.gov/2011/10/19/what-is-the-survival-rat...
Skill plays a role in these outcomes, but so do other factors including luck & imperfect information. The top engineer at Blackberry was a rising star, until suddenly the iPhone showed up.