Jump while we still have the strength!

What comes to your mind when you read these below?

Kodak (Photo Paper) 

NOKIA (Mobile)

AMBASSADOR (Car)

They were onetime leader in their respective market, and no one thought that they will one day become bankrupt. There was no shortage in the quality of all these, yet they were out of the market.

Reason? We all know very well now…

What killed them, technology enhancement or their inability to accept change and evolve. We all love to debate the cause.

A small story to explain this:

Human Beings and frogs are the two creatures in nature who have tremendous power to adjust.

Put a frog in a vessel of water and start heating the water. As the temperature of the water rises, the frog is able to adjust its body temperature accordingly. The frog keeps on adjusting with increase in temperature.

Just when the water is about to reach boiling point, the frog is not able to adjust anymore.

At that point the frog decides to jump out. The frog tries to jump but is unable to do so, because it lost all its strength in adjusting with the water temperature. Very soon the frog dies.

What killed the frog? Many of us would say the boiling water.

But the truth is what killed the frog was its own inability to decide when it had to jump out.

We all need to adjust with situations, but we need to be sure when we need to adjust and when we need to face. There are times when we need to face the situation and take the appropriate action.

Jump while we still have the strength!

You know that in the coming 10 years, the world will change completely and 70-90% of the industries running today will be shut down.

Let’s analyse the current age unicorns:

Facebook: Largest content generator without owning any.

Uber: Despite not having a single car of his own, it is the largest taxi company in the world.

Airbnb: World's largest hotel company, even though they do not have a hotel of their own.

There are many examples such as Paytm, Alibaba.

Let’s now analyse future unicorns

IBM Watson gives

• Better medical diagnosis than best doctors,
• Better Legal advice than best lawyers

Tesla is revolutionizing driving by its autonomous electric driving cars.

Ant Financial is the fastest growing financial institution.

The Technology is changing very fast, people are pampered with more and more personalized services which is just making their life simpler.

Change when you have strength else, someone else will take your place very soon.