Why Do Established Companies Fail to Respond to Disruption?
Established companies often fail to respond to disruption due to several reasons:
Inertia: Large organizations can be slow to change due to their established processes and structures. Short-term Focus: They may prioritize short-term profitability over long-term innovation. Complacency: Success can lead to complacency, making it difficult to recognize and respond to emerging threats. Resource Allocation: They may allocate resources to sustaining innovations rather than disruptive ones.