The difficulties faced by Eastman Kodak,Smith Corona.and Olivetti in adapting to radical technological change within their markets point to:
A)The failure of senior managers to understand the implications of new technologies.
B)The power of digital technology as a force for creative destruction
C)The need for firms to devote more resources to technological forecasting
D)The difficulties established firms experience in building the new capabilities

Question

Quizplus · Accepted Answer

The difficulties faced by these companies suggest that established firms experience difficulties in building new capabilities and adapting to technological change. This is because they have a legacy business model, culture, and processes in place that are often not conducive to rapid change or experimentation. The rise of digital technology as a force for creative destruction certainly contributed to these challenges, but it is not the only factor. Technological forecasting may help, but firms also need to be willing to invest in new capabilities, experiment with new business models, and develop a culture that values innovation and adaptability.

The Difficulties Faced by Eastman Kodak,Smith Corona