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
- ‘Bite-sized’ history textbooks used in the UK accused of ‘dumbing down’ the subject: should we be worried?
- Tut’s beard glued back on like a bad craft project
- Smithsonian working to finalize deal for new site in London
- The voices of Auschwitz
- What countries teach children about the Holocaust varies hugely
- From his perch in Saudi Arabia, Princeton’s Mark Cohen says Jews and Muslims should remember they used to get along
- Duke honors historian John Hope Franklin with year-long series of events
- What New Left History Gave Us
- Marcus Borg, Liberal Christian Scholar, Dies at 72
- Richard Hofstadter’s insights into the "paranoid style in American politics” lauded in the NYT