They were warned. It is the classic disruption model that played out repeatedly over the last century, with Kodak as the often cited example. But innovation gets in the way of short term profit and The Way We Do Things.
See also: Sears pioneering the concept of ordering things through the mail from a catalogue, and then getting demolished by Amazon’s online ordering system. Way to go guys, you got destroyed by some upstart punk doing what you got started doing, but doing it better and cheaper than you could.
They were warned. It is the classic disruption model that played out repeatedly over the last century, with Kodak as the often cited example. But innovation gets in the way of short term profit and The Way We Do Things.
See also: Sears pioneering the concept of ordering things through the mail from a catalogue, and then getting demolished by Amazon’s online ordering system. Way to go guys, you got destroyed by some upstart punk doing what you got started doing, but doing it better and cheaper than you could.