How to avoid the ‘competency trap’ - Deepstash
The Competency Trap

The company having the original PC technology back in the 70s was Xerox. This was a time when their photocopiers were a worldwide hit, and even their brand name ‘Xerox’ was used as a verb. They had...

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How to avoid the ‘competency trap’

bbc.com

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Successful organizations start having rigid corporate cultures, which crumble when the outside world evolves, which is always inevitable.

The rules and assumptions that companies operate on...

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... is a reluctance to give up on the past spendings and investments made on projects or products that are no longer providing any return.

The managers are usually unable to make strong de...

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  • AT&T invented the telephone and began working on mobile communication as early as the 1940s, yet it was Motorola which eventually created the first hand-held cell phones for the mass mar...

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  • Companies which have the potential for falling in the competency trap may require an overhaul.
  • Old-school managers who are blinded from future innovations need to be updated.
  • ...

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