The ideas in this article are weakly argued and poorly researched. The theory of disruptive innovations in The Innovator's Dilemma by Clayton Christensen provides a much better explanation of why successful companies fail. We see this happen more rapidly in the tech industry than others, but it happens everywhere-just at different speeds.

Looking at the graphs at the top-Hewlett Packard, Nokia, and RIM all took heavy hits from not recognizing disruptive innovations until it was too late, and lost a huge chunk of their marketshare as a result.