About 1 year ago @gandhibaba published a post about technology and the fall of Nokia (the mobile phone with the Snake game) :
Nokia had learned the lesson made famous by Lee Iacocca: "Lead, follow, or get out of the way." It applies in technology, too.
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Yea if you stop innovating, your going to be left behind. It's a big issue for many of the big companies that grow so big that they believe they are too big to fail.
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When they go big with years of experience, it's hard for them to adopt such a huge change. Moreover, they need fresh blood and fresh set of ideas to be implemented and experiment with the latest trends.
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In an ever-changing world, size can be a disadvantage. Size didn't help the dinosaurs when the world was changing. Size doesn't help the Pentagon. And size doesn't help a big company adjust to changing market conditions.
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That's true. During the pandemic when lockdowns happened. Big retail crops went down first. They couldn't manage the expenses without business.
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That's why those who keep ignoring the Blockchain Technology, they will end up like Nokia. All the shiny things go dull if you don't shine them every now and then.
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Unpolished diamonds are just lumps of coal: not pretty, and not desirable.
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That's true. Work it out under pressure and it shines through!
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They also used Windows Phone for a while so they had it coming. A valuable lesson on how to fail a big business
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Windows Phone in that time had a lousy interface. I had one for about a month before I gave up and sold it for a few dollars.
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My dad was "forced" to use one because of his work back in the day and it really sucked
Thew interface was terrible and it wasn't compatible with many apps
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The newer Windows phones-- those which looked like Windows 8 or Windows 10-- were superior in every way to the earlier phones, but they didn't catch on; the damage was done.
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