CHANGES IN industry dynamics, typically caused by technology, can lead to doomsday for established players. IBM, which dominated IT for decades, faced it in the early 1990s. It took an outsider, Louis Gerstner Jr., to save the company. But photography giant Eastman Kodak wasn't able to manage a turnaround, and went bankrupt in 2013.
The global auto industry is now facing structural changes with EVs. An ICE vehicle has hundreds of moving parts, so the auto industry's supply chain is vast. Managing this network of thousands became a major entry barrier for new players. By the 1980s, all major players had a significant presence in the three major markets of North America, Western Europe, and Japan, preventing the entry of newer players.
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Denne historien er fra December 28, 2024-utgaven av Financial Express Bengaluru.
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Chinese Dam on Table for Sullivan's India Visit
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Mike Johnson Re-elected US House Speaker
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Introspection needed in the media
attention is paid to these two things that we seem never to get to the issues that really affect ordinary people like healthcare, education, pollution and the horrendous conditions in which most Indians are forced to live.
