IBM and the Value of Self-Disruption

Silicon Valley loves disruption, at least some of the time. That’s one reason venture capitalists and other speculative investors push the valuation of ostensibly nimble “unicorn” start-ups into nosebleed territory.

But when it comes to well-established mainstream companies, disruption is seldom considered a virtue or blessing. And when established companies proactively choose to follow a disruptive path rather than being pushed onto one by other forces, many investors swoon with what might be politely called an attack of conventional wisdom-induced vapors.

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NOTE: This column was originally published in the .

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