Comments on: Creative Destruction and the need for an adaptive strategy http://www.adaptstrat.com/blog/index.php/creative-destruction-and-the-need-for-an-adaptive-strategy We Help Managers Make a Difference Sat, 19 Nov 2011 21:26:40 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Fred H Schlegel http://www.adaptstrat.com/blog/index.php/creative-destruction-and-the-need-for-an-adaptive-strategy/comment-page-1#comment-311 Fred H Schlegel Thu, 14 May 2009 03:45:11 +0000 http://www.adaptstrat.com/blog/?p=98#comment-311 Hi Bill, Beauty of our fine capitalist system here is if companies don't change fast enough they get replaced. Creative destruction is such a wonderful way of expressing that dynamic. Seems good and bad at the same time. I think many companies are slow to adapt because they are concentrating on protecting their current cash stream. It's hard to kill your own cash cow, course that usually means you've passed the butcher knife to your competitor. <abbr><em>Fred H Schlegel’s last blog post..<a href="http://feedproxy.google.com/~r/frogblog/yTub/~3/85bSmWbKjks/" rel="nofollow">Physics, Ideation, Community & Entanglement</a></abbr></em> Hi Bill, Beauty of our fine capitalist system here is if companies don’t change fast enough they get replaced. Creative destruction is such a wonderful way of expressing that dynamic. Seems good and bad at the same time. I think many companies are slow to adapt because they are concentrating on protecting their current cash stream. It’s hard to kill your own cash cow, course that usually means you’ve passed the butcher knife to your competitor.

Fred H Schlegel’s last blog post..Physics, Ideation, Community & Entanglement

]]> By: Bill Welter http://www.adaptstrat.com/blog/index.php/creative-destruction-and-the-need-for-an-adaptive-strategy/comment-page-1#comment-307 Bill Welter Tue, 12 May 2009 22:48:13 +0000 http://www.adaptstrat.com/blog/?p=98#comment-307 Brad, You raise an interesting point that goes to the heart of the "digital native" / "digital immigrant" divide that is facing so many businesses. The natives (mostly younger people) need to eduacate the immigrants (mostly older bosses) about an emerging reality. And the hard part about this reality is that the picture is still quite hazy. Social medial will most certainly morph into a series of interesting business applications -- but a lot of experimentation is needed and that makes a lot of bosses nervous. Brad,
You raise an interesting point that goes to the heart of the “digital native” / “digital immigrant” divide that is facing so many businesses. The natives (mostly younger people) need to eduacate the immigrants (mostly older bosses) about an emerging reality. And the hard part about this reality is that the picture is still quite hazy. Social medial will most certainly morph into a series of interesting business applications — but a lot of experimentation is needed and that makes a lot of bosses nervous.

]]> By: Brad Shorr http://www.adaptstrat.com/blog/index.php/creative-destruction-and-the-need-for-an-adaptive-strategy/comment-page-1#comment-306 Brad Shorr Tue, 12 May 2009 10:43:11 +0000 http://www.adaptstrat.com/blog/?p=98#comment-306 Hi Bill, The question of adaptation has been coming up a lot in social media discussions lately. In this area, I do believe there is a real danger if companies drag their feet. If competitors capture the hearts and minds of customers through social media, firms could have a disaster on their hands. The speed with which people are embracing social media sites is accelerating very rapidly. Yet, many firms are oblivious to the opportunity and the threat - as you might say, something of critical importance is not on their radar. <abbr><em>Brad Shorr’s last blog post..<a href="http://www.wordsellinc.com/blog/social-media/social-media-squeeze-endangers-midsized-firms/" rel="nofollow">Social Media Squeeze Endangers Midsized Firms</a></abbr></em> Hi Bill, The question of adaptation has been coming up a lot in social media discussions lately. In this area, I do believe there is a real danger if companies drag their feet. If competitors capture the hearts and minds of customers through social media, firms could have a disaster on their hands. The speed with which people are embracing social media sites is accelerating very rapidly. Yet, many firms are oblivious to the opportunity and the threat – as you might say, something of critical importance is not on their radar.

Brad Shorr’s last blog post..Social Media Squeeze Endangers Midsized Firms

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