Those within the entrenched industries rarely see or appreciate disruption coming
Some notable examples
1889:“Fooling around with alternating current (AC) is just a waste of time. Nobody will use it, ever.” — Thomas Edison
1946:“Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” — Darryl Zanuck, 20th Century Fox.
2005: “There’s just not that many videos I want to watch.” — Steve Chen, CTO and co-founder of YouTube expressing concerns about his company’s long term viability.
2007:“There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO.
More recent examples
IBM doubting the personal computer
Blockbuster doubting Netflix
Kodak doubting the Digital Camera
Nokia doubting the Smart Phone
Maybe THIS TIME ITS DIFFERENT and for once those within the inferior entrenched industries are going to call it right
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 15 Jan
Those within the entrenched industries rarely see or appreciate...
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online