Tags Archivesdisruption

Garmin’s Missed Opportunity standard

Businesses are moving faster than ever in this digital economy, and entrepreneurs build and showcase new innovative products or business models every day. The term that is thrown around to describe this phenomenon is called ‘disruption’. As an example, the iPod and iTunes Store disrupted the music industry in a way that forced companies to re-invent their businesses. Remember back in the 1990s when you could find an actual record store? Sure, most of us bought CDs, but it was still a store dedicated to the sale of music. I have fond memories of visiting Blockbuster Music and trying out CDs before I bought them. But Apple changed all of that. They disrupted an established market where prices were fairly ...

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