Why Tech Companies Fail: Avoid These 3 Innovation Pitfalls / Do Tech Bubbles ALWAYS Burst? 3 Reasons Innovation Needs Adaptation

Hello viewers My Name is Apalak Ghosh and Welcome to Think Teal channel
Tune in to this week’s episode of Tech This Week as we explore some technologies fizzle out after a big initial boom.
Here's what you'll learn:
1.Scaling Complexity: Innovation starts simple, but scaling can open a Pandora's Box of unforeseen challenges. We discuss the example of solar tunnels and the high costs that limited their widespread adoption.

2.Costly Customer Acquisition: Many tech companies rely on investor funding and aggressive marketing to attract users. This can lead to unsustainable practices and difficulty adjusting to normal pricing later. We talk about the "no free lunches" principle and customer loyalty challenges.

3.Disruption vs. Replication: New technologies often disrupt existing markets, but over time, they can replicate the very complexities they sought to replace. We use ridesharing apps as an example. While they initially offered simplicity and lower costs, they now face similar regulatory and competitive headaches as traditional taxis.

However, it's not all doom and gloom! We discuss the importance of continuous adaptation and evolution for tech companies to stay successful. We use the example of BluSmart, a ridesharing app that found a niche by focusing on unmet customer needs.

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