The case of how the shared workspace company WeWork went from being a darling of American business to bankruptcy is an example of a long line of business failures that stem from an inability of top management to adjust to a major change that has occurred in the world.
Take for example Nokia, a giant in the analog cellphone sector. When Apple launched its iPhone, and Google came out with the Android operating system, the Finnish giant which had pivoted earlier from the lumber industry radio business to cellphones decided to stick it out with its proprietary Symbian operating system.
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