Innovate Now Or Die

 Failure to Innovate Leads to Business Failure; Learn from 11 Top Brands.

The business environment we currently live in is extremely fast-paced and innovation is key for business survival. Also, if a company is scared of failing, it’s going nowhere. Allowing fear to stop progress in life, and in business, will lead to missing several opportunities. Be brave, embrace innovation, and new technology.

An unwillingness to innovate puts any company at risk of failure, but refusing to evolve with the market can be even more devastating

“Without a robust and resilient innovation strategy, no company can survive,” says Phil McKinney

The business landscape is littered with cautionary tales of huge companies that failed due to a lack of innovation. Below are top brands that fail to innovate, resulted in their business failure.

Kindly read their stories, and learn from their mistakes

1. BlackBerry

2. Motorola

3. Kodak

4. Compaq

5. Nokia

6. Xerox

7. Blockbuster

8. Yahoo

9. Toshiba

10. Sony

11. Polaroid

Work on yourself and consider innovation as key to success in life and business. 

Article by Lucky Uduikhue 

Chief of Staff to Executive Chairman Ajeromi-Ifelodun LGA Lagos and Founder Datapoint Microsystems Ltd.