Posts Tagged ‘Steel Industry’

Why Transformation Is So Difficult

It is fairly common for the perceived benefits of current market offerings to fade and new value propositions to displace older offerings.¬† As noted in earlier posts, Schumpeter called this process “creative destruction.” ¬†Steel ships replaced iron ships, which replaced wooden ships. ¬†Microprocessors subsumed transistors, which replaced vacuum tubes. Change happens and creative destruction causes […]