Comment by jiveturkey

I don't like this article one bit, starting from the title "Missed" the Future.

It implies that not jumping on the latest disruptive technology, at the early stage where the tech hasn't taken hold yet and it's not known if it will (see: disruptive tech graveyard), reducing or pivoting from your established business, is a bad thing, or a failure.

It's also ok to go out of business. Really disruptive technology often (usually?) spurs growth and jobs shift, so there's no loss in aggregate. Of course a few people that can't retrain will be left behind. For his specific example of carriage to car, there were 4000 carriage makers because they were fairly small businesses, with shallow supply chains. Just a couple of car makers (and the full supply chain) dwarf the total employment required for all those 4000 carriage makers.

This article is simply written with the benefit of hindsight.