Which of the four traps (listed below) facing established firms do you see as th
ID: 398458 • Letter: W
Question
Which of the four traps (listed below) facing established firms do you see as the most prevalent and why?
The delayed participation -"watch and wait" theory. Carefully weigh the value of the project before jumping in
Sticking with the familiar -dislike of ambiguity and risk averse. If this system works, why change and go down a winding path of uncertainty
Reluctance to fully commit - resistance from channel partners, projected low returns from an emerging technology
Lack of Persistence - High levels in the company might not recognize the benefit and cut the venture. Emerging tech is known for its failure rates - an easy target when money is needed
Explanation / Answer
Sticking with the familiar -dislike of ambiguity and risk averse. If this system works, why change and go down a winding path of uncertainty
I believe that this is the most prevalent trap that organizations tend to practice and this actually restrict the innivation and creativity aspect of an organization.