Wednesday, April 11, 2012

If you don't evolve, you die

Today's Business Insider "Chart of the Day" clearly highlights how a very successful company and leader in an industry can very quickly become irrelevant if they do not evolve. 

Up until late 2010, Nokia was the undisputed King of the mobile phone.  Nokia's slip into the abyss began when they ignored the Smartphone and the way it would disrupt the entire mobile telecom / computing ecosphere.  Additionally, they did not appreciate the importance of the seemless integration of hardware and software, design and function.  The list is long of companies that failed to change and then failed.

The truly successful company is the one that continues to be visionary and evolve, particularly when they think they have it all figured out.


No comments:

Post a Comment