Wednesday, August 1, 2007

A Failed Prediction: The Computer: Part 5

This post concludes the series on a failed prediction. Specifically, the Digital company leader - Olsen was investigated. Actually, it was his quote around his believe that the personal computer would made significant inroads in the consumer market.

It's difficult to determine why Olsen believed this. Some believed that Olsen just didn't like the PC and this impacted his judgement. It seems very reasonable that a CEO might use what we call "gut instinct" to lead a company, and that Olsen just missed an opportunity. It also seems reasonable that Olsen didn't see the necessary infrastructure in place to allow the PC to flourish. For example, the PC has capitalized on information sharing via the Internet. Maybe Olsen failed to believe that this complexity of allowing computers to network across the world would be in place. However, it seems clear that any CEO should have a process in place to respond to inputs and try and determine future opportunities to avoid missing the opportunities of large financial gain.

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