kaal:claim:3411897-012

Nokia, Kodak, and Blackberry all collapsed after fast changes in their markets rendered their products and services irrelevant, illustrating that successful companies drift into obscurity when they fail to embrace change.

Source quote, verbatim

examples of successful companies that drifted into obscurity after failing to embrace change. Nokia, Kodak, and Blackberry are prominent examples. All these firms collapsed after fast changes in their respective markets rendered their products/services irrelevant.

From

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part I: The Past, How We Got This Far, p. 19
https://ssrn.com/abstract=3411897 · source PDF

Cite as

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

Holds when

firms facing rapid market change

Classification

failuresupport: evidencedfailure: failure-to-embrace-changefamily: incumbent-resistance-to-adoptioninnovation

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