Staving Off a Spiral Toward Oblivion
When Sony announced its Mavica electronic camera in 1981, headlines trumpeted that “Film Is Dead.” But it took 28 more years for Kodachrome, the film immortalized by Paul Simon, to finally die this past June.
E-book software by companies like Electronic Book Technologies was released in the early 1990s. Yet despite the recent buzz over the Kindle and other electronic reading devices, e-books are still less than 5 percent of overall book sales.
The reality is that most technologies eventually die. But unlike the ancient Greeks, who believed their destiny was controlled by the Fates, today’s managers need not assume that an old technology’s fate is predetermined. Companies can proactively manage the innovation endgame. Continuing improvements to extend the life of technology, particularly given the attractive margins on the old, can be a wise business decision — and not necessarily a reflection of narrow-mindedness.
comments powered by Disqus
- 1,000 + have signed a petition protesting US government plan to commemorate the 50th anniversary of the Vietnam War
- Historian and raconteur Raychauduri dies in UK
- Group is drawing attention to the historic swath between Gettysburg and Monticello
- Conference delves into effects of climate change on native people
- History professor says the Vikings never came to Newfoundland