Disruptive Innovation: Ignore the Elite, Bet on the Underdogs
History is full of unfortunate predictions. However, the New York Times’s claim in 1903 that human flight would not be possible for another one to ten million years is one of the most striking examples. Is this a classic case of pessimism from an era unable to anticipate technological progress? Not quite. The story is far more interesting. It’s about an elite that uses its own failure as proof of impossibility while underdogs persist in trying and ultimately succeed.
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