Big names, from big companies, have ridiculed others over innovations they deemed worthless in the past. Only to lose significant market share — or worse, cease operations altogether — eventually. The price to pay for reluctance to embrace innovation is possibly gigantic.
Notorious quotes such as: “people will never accept a mobile phone without buttons” haven’t aged well.
Business owners should never ridicule a competitor over innovation. Furthermore, business owners should ask themselves: which innovation can potentially bankrupt my company?
Sometimes it’s as if we’re looking at archeology take place right in front of our eyes.
A couple of years ago, there were barely any kick-scooters in cities. Today, cities are developing dedicated parking spots.
What seems normal today may seem archaic tomorrow. That’s how fast the world is moving.