Lessons for Today’s Leaders From Yesterday’s Tech Giants

Exhibited at the Consumer Electronics Show in January 1977, the Commodore PET (Personal Electronic Transactor) was one of the first PCs

The information technology sector is at another turning point as mobile devices dampen the demand for PCs—just as PCs dampened and then buried the demand for minicomputers. At the same time, demand for corporate servers and software is being eroded by public cloud infrastructure and online software services. In sum, this transformation points to a new era of “creative destruction,” in the phrase coined by Austrian economist Joseph Schumpeter. As agile and often young firms produce creative new solutions, slow-footed companies will be destroyed.

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