When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.
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"When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change." — Charlie Munger #changegrowth #workcareer
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When someone takes their existing business and tries to transform it into something else - the…
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When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change. — Charlie Munger
About Charlie Munger
Charlie Munger was a Businessman from United States (1924–2023).
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Who said "When someone takes their existing business and tries to transform it into somet…"?
This quote is attributed to Charlie Munger, a Businessman from United States.
When did Charlie Munger live?
Charlie Munger lived from 1924 – 2023.
What is this quote about?
This quote touches on Change & Growth, Work & Career. Browse more quotes on these themes from the categories page.