Swiss watchmakers invented the quartz watch, but it went against their paradigm of mechanical watches, so they ignored taking out a patent on it, and rejected the whole idea. They in fact went ahead and presented the technology in international watchmakers conferences as more of an academic exercise. It was then that others, like Japanese watchmakers Seiko, copied the designs and latched onto the technology. Within 10 years, the swiss watchmaking industry had gone down from 90% of their share in profits to 10%. Approximately 85% of the workforce in the Swiss watchmaking industry were laid off.
Moral of the story ? Be very careful when rejecting a new paradigm - it just might leave you behind.
Tuesday, April 19, 2005
Subscribe to:
Post Comments (Atom)
1 comment:
Best Online Casino tyuueooru
http://stonewalljacksoncarnival.org/ - Free Games Casino
No matter how far your casino is located With online casino, you don?t have to worry about the location of your casino because the only thing that creates between you and your casino experience is the internet, so all you need to do is getting connected to the Internet and you can enjoy the gambling without having to spend your time visiting the local casinos out there.
[url=http://stonewalljacksoncarnival.org/]Top Online Casino[/url]
More casino options The number of online casino is far higher than bricks and mortars based casino all across the world.
Best Casinos
You can enjoy online casino simply by getting connected to the Internet.
Post a Comment