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04 August, 2015

Developing the technologies though was not enough to save Kodak and Nokia. Being wedded to older business models meant their managements weren’t able, despite their best efforts, to adapt the companies to their marketplaces that were dramatically altered by the new machines. “There’s no guarantee that any of these efforts will enable companies to thrive in an age of rapid technological advance,” warns McKinsey. “But in a world in which business models and strategies grow old quickly, leaders must constantly think about ways to rejuvenate their enterprises.”

http://www.theaustralian.com.au/business/technology/predicting-the-next-disruption/story-fnvof0rz-1227458580213