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Successful companies often fail to adapt to disruptive technologies from "summary" of The Innovator's Dilemma by Clayton M. Christensen
Many successful companies eventually stumble when faced with disruptive technologies. This is because these companies are often so focused on satisfying the needs of their existing customers and maximizing profits that they fail to see the potential of these new technologies. Disruptive technologies typically start off as inferior to the established technologies in terms of performance. Consequently, successful companies often dismiss them as insignificant and not worth pursuing. However, over time, these disruptive technologies improve and eventually surpass the performance of the existing technologies. By the time the disruptive technologies have matured and become a threat to the established companies, it is often too late for these companies to catch up. This is because the successful companies have invested so much in their existing technologies that they struggle to shift their focus and resources to the new technol...
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