Innovator's Dilemma
The cluster centers on Clayton Christensen's 'The Innovator's Dilemma,' with commenters repeatedly referencing the book to explain why established companies fail to disrupt themselves and get overtaken by innovative newcomers, citing examples like Kodak, Yahoo, and Netflix.
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suggestion: read innovators dilemma.
I think that's well explained in "the innovator's dilemma". Basically they built a tool that they can't just refit to new uses, because it's still their daily bread-and-butter. It takes an extremely strong mind for a company to successfully go through such a wind of change, historically almost none ever did.
How is this different from the Innovators Dilemma?
Yahoo! and AOL are a classic examples of The Innovator's Dilemma. They can't separate themselves from the immediate needs of their customers to look at the patterns of what's next. They'll never take the leap of faith to do something completely new because they're not in a place where their culture and SOP allow it. The products that made them initially successful can't possibly carry them into the future. http://en.
Sounds like a classic flaw with innovator's dilemma. Established players try not to cannibalize themselves and the world passes them by. Kodak is one infamous example.
That is the innovators dilemma basically.
sounds like an Innovator's Dilemma...
Probably a good re-read of the Innovators Dilemma might help here? https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma
Smart businesses do all the time. read "Innovator's Dilemma" If they don't, someone else would. Apple cannibalized the ipod with the iphone. Netflix cannibalized mail-in DVDs with streaming. Facebook did their desktop with mobile.
See: https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma