The world is changing at a much faster pace than before. Whereas before, one could be content with finding a winning formula and stretching it out for decades while making a nice profit, in today’s world, many tried and tested formulae are swiftly becoming outdated.
Technology has become the great equalizer and as such, the great disruptor. I am sure we all know many examples of companies failing to evolve at the same pace that the world set for them. Some of these companies even find themselves to be outdated before ever properly hitting the market.