
It’s no longer an option to be the strong household name brand in an industry.
You have to expand your technology capabilities to stay in the market.
There are product lines that have had a consistent core technology for long periods of time.
Companies that are leaders in these are “the experts” and they hold maximum market share because the customers know what brand to buy if they want the best.
But if there is a sudden change in the technology, then that “bulletproof” brand name can be tarnished in one product cycle.
What if the core technology suddenly changes to include new electronics or software controls or something we would never have imagined.
The competitors are about to gain market share based on feature add, sometimes “jumped into the future” feature add; The iPad, Tesla electric vehicles, Tesla assisted autonomous driving, smartphone, Solid State memory, automotive electronic fuel injection, jet engines, desktop printer – this is a “Side Swipe”. [Read more…]