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Network effects and name recognition can work against it for a time.

I'm thinking currently about the demise of Kodak, and similar situations where where a dominant player is displaced by new technology. Had Kodak pursued digital early and aggressively things would be different now. I bet politics didn't allow that outcome.

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Are you kidding? Kodak invented digital photography. And you know what? They knew better than anyone else that digital photography absolutely sucked relative to film.

If you want to know why dominant players get displaced by new technology, I highly recommend reading The Innovator's Dilemma.

So what? Someone else invented lots of things, like smartphones and tablets. Has no bearing on whether they are aggressively pursued for profit. And sucked, past tense.

There are any number of better strategies Kodak could have taken besides "waiting to die," as you appear to recommend.

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