Interested to hear others thoughts on this one. Will our current tech giants live a long and healthy life? I'm guessing they'll be like most businesses and not last the distance. What do you think?
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- Interesting article Helen. I think the lesson is clear: An ability to survive depends on a willingness to commit $1bn fraud (Olympus) or accept bankruptcy (Kodak).Jan 23, 2012
- Well, yes, that's true enough sadly!Jan 23, 2012
- There is no general answer to that. As long as the general innovation stream of technology + business model is the overall winning mega trend in the global econmoy - they have a good starting position to thrive. Than it is mainly up to them to keep the pace and do what they are good at: create new products and market them.
In case the IT megatrend is vanishing it is an uphill battle and they need to do another "Nokia Stunt" (moving from Rubber Tubs to Mobile Phones).Jan 24, 2012
- I've had another thought on this one. The UK's Royal Mint was founded in 886 making it 1126 years old and is the 7th oldest company in the world ever. We're moving towards a cashless society. What will they do then? One of my twitter followers reckoned it had 30 to 50 years left. That sounds about right to me, but when you're that old, that's hardly anything. Can it survive? Should it survive in order to preserve something of our ancient past?Jan 24, 2012
- I can assure you there will still be cash in 50yrs. Even at the pace of technology, cash will be here for at least the rest of this century and far beyond. There are still many people in the US and UK who have NEVER used a credit card, let alone complete an online transaction!Jan 28, 2012