By Prabhat Sakya – Thursday, 19 May, 2016
Change is an unavoidable part of business. Schlumpeter’s concept of “creative destruction” means that no company can afford to stand still.
For example, the photographic industry, which had always been based on film, made the move to electronic CCD technology, and people now take photos not just using digital cameras but also phones and tablets.
And the television was based on the clunky and expensive cathode ray tube (CRT) for around a century, but now LCD and LED flat screens have transformed this sector.