I've been thinking a lot lately about how legacy institutions always seem to be dramatically effected by innovation that comes out of nowhere. The cycle seems pretty typical if it's the fall of an Empire like Rome, or the fall of an industry like Music. It seems to apply to companies, as well.
1. Ignore
2. Discount
3. Fear
4. Sue
5. Accept
Why do legacy companies, industries and cultures all seem to follow the same pattern? What can they do to escape it?