Thanks for the shout out. It's always the incumbents challenge. On the one hand you could argue it requires imagination -- and the means leadership.
On the other hand you could argue that managers should focus on 1 and 2 and let new entrants do 3. Shareholders can always move their capital when the incumbent moves into steady-state and then decline.
Re: "managers should focus on 1 and 2 and let new entrants do 3." - whether they should or shouldn't, it certainly ends up being that way, with an acquisition at the end of the road. It's often much simpler to buy winners than try to build them.
Thanks for the shout out. It's always the incumbents challenge. On the one hand you could argue it requires imagination -- and the means leadership.
On the other hand you could argue that managers should focus on 1 and 2 and let new entrants do 3. Shareholders can always move their capital when the incumbent moves into steady-state and then decline.
Thanks for the visiting!
Re: "managers should focus on 1 and 2 and let new entrants do 3." - whether they should or shouldn't, it certainly ends up being that way, with an acquisition at the end of the road. It's often much simpler to buy winners than try to build them.