> I'm not sure I'd write them off as a bunch of idiots quite yet.
If you look at the really disruptive innovations in technology, the vast majority of them were not made by incumbents. The iPhone is the shining example against me here, but the examples for me are Netflix, Facebook, bitcoin, heck, the internet itself. Incumbents expend efforts entrenching their positions, protecting their products they're already invested in, preventing disruption. It's baked onto the game fundamentally. And to be a little cynical, I'd argue that an incumbent claiming to be a disruptor is not being honest with you more than likely.
It is a wise thing to bet against incumbents promising to disrupt their own industry because more often than not you'd be right.
If you look at the really disruptive innovations in technology, the vast majority of them were not made by incumbents. The iPhone is the shining example against me here, but the examples for me are Netflix, Facebook, bitcoin, heck, the internet itself. Incumbents expend efforts entrenching their positions, protecting their products they're already invested in, preventing disruption. It's baked onto the game fundamentally. And to be a little cynical, I'd argue that an incumbent claiming to be a disruptor is not being honest with you more than likely.
It is a wise thing to bet against incumbents promising to disrupt their own industry because more often than not you'd be right.