“Most industries innovate from both ends:
- The outsiders go first because they have nothing to lose.
- The winners go next because they can afford to and they want to stay winners.
- It’s the mediocre middle that sits and waits and watches.
They wait for ‘proof’ that this new idea is going to work, or at least won’t prove fatal. (It’s the impulse to wait that made them mediocre in the first place, of course).
So, in every industry, the middle waits. And watches. And then, once they realize they can survive the switch (or once they’re persuaded that their current model is truly fading away), they jump in.
The irony, of course, is that by jumping in last, they’re condemning themselves to more mediocrity.” [Read Seth’s full post]