Newspapers’ Original Sin: Failing to Innovate
I really don’t think this can be emphasized enough, and Steve Buttry‘s post Newspapers’ Original Sin: Not failing to charge but failing to innovate makes the point well.
I’m not sure things could have played out any differently given the complex social and cultural circumstances of traditional Newspaper organizations. It’s really just a classic case of an incumbent business failing to adapt to disruptive technology as described by Clay Christiansen in The Innovator’s Dilemma.
To my mind, when faced with disruptive change, both an individual or an organization have to be willing to die. By this, I mean willing to face an existential “loss of world”. However, this can be a very painful and bewildering experience, which is why it is not an easy or painless road to take. Nonetheless, if an individual or organization is truly facing a disruptive, discontinous change in their environment, it is a reality which must inevitably be faced (unless of course, one just quits or drops out of the game, which is always a possibility).
Anyway, there you have it.