+1 The best companies succeed because they are able to adapt to changing business environments and more importantly, to changing customer needs. Companies that

+1 The best companies succeed because they are able to adapt to changing business environments and more importantly, to changing customer needs. Companies that lose their leadership positions tend to focus only on incremental improvements. Such companies focus on optimizations: on cost reductions, product upgrades, short term stock price movements etc and less on the dynamic changes in customer needs. This creates blind spots. This may be due to myopia, or perhaps inertia or misaligned organizational incentives. Good news is, this inability evolve creates the opportunity for upstarts. Circle of life..