How about the big Nokia? They refused to go android while others are. Now they are almost obsolete. It is just like the present crop of individuals that are skeptical about the growth of cryptocurrency. I saw a tweet of Larry Kim where he listed below as things that did not exist in 2007
🏘Airbnb
⏯Spotify
🚗Lyft
🤳Snapchat
📱Instagram
💬WhatsApp
📶LTE
💰BitCoin
🌇WeWork
But they are here and very useful, some of them would still need to innovate or face death in the future.
Information they said is power. If you are not informed you will be deformed. A lot of promising innovation would rather die with their outdated knowledge or way of doing things than in cooperate new ideas. The fear of New methods as being a challenging factor especially among Blacks.
Hello @danielola
It is very true that Information is power but Inaction also makes having Information useless.
And I don't agree that the fear of new methods is more prominent in Blacks, I believe that it is a Universal Problem.
@ogochukwu
Hello @greenrun
When it comes to Nokia and Blackberry i don't think that these Companies will break through again.
The biggest disconnect for brands is when they fail to acknowledge change and move towards it. They become too romantic of how they make their Money and fail to innovate.
Another reasons for this is that Companies place more emphasis on Profits and they usually refuse to innovate if it involves a resuction in Profits due to research and more workers, but they will eventually lose out on the Long run .
@ogochukwu
They really thought it was not a threat. They are already the market leader. Why worry, I'd admit I was a serious Nokia fan. Very faithful, but the very first day I used an Android, I found the Nokia's Symbian OS to be very lacking in features. That was the beginning of my move to Android. I later gave out my Symbian phone and it was Android phone all the way.
Companies that fail to innovate become obsolete
100% right on point