Sometimes we do get taken by surprise. For example, when the Internet came along, we had it as a fifth or sixth priority. It wasn't like somebody told me about it and I said, 'I don't know how to spell that.' I said, 'Yeah, I've got that on my list, so I'm okay.' But there came a point when we realized it was happening faster and was a much deeper phenomenon than had been recognized in our strategy.
About this quote
- What does it mean?
- Strategic priorities can fail to anticipate fast changing technological shifts.
- In plain terms
- We underestimated how fast the Internet would grow.
- What can you take from it?
- Keep strategies flexible to adapt to rapid changes.
Where it applies
Putting it to work
Questions to consider
- How do you spot emerging trends?
- What did you underestimate before?
Another view
Not every trend is worth immediate attention.
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