Seriously, if you don’t subscribe to TightWind and are remotely interested in Business and Economics, you need to.
Big companies have something to learn about what business strategy will look like in the future. Hint: It has nothing to do with what you as a company are doing today.
You shouldn’t just be thinking about how you can improve your current products—how you can make your horse-and-carriage a little lighter, a little cheaper, a little better. You must be thinking about whether your assumptions about the business you’re in are the same as they were yesterday. You should be thinking about what will make the horse-and-carriage irrelevant, and how you can be the one to do it.
To be successful in the long-term, you need to be willing to slaughter your own golden gooses.
It’s risky. You could guess wrong and release a new product that has no chance of succeeding. But sticking to what’s worked, because it worked for a while, has no risk: you will fail.