I have always wondered why the large organizations at the peak, who are considered industry

leaders, often do not acknowledge their competition until it is too late. There may be many reasons
for the lack of acknowledgement. Companies stumble for many reasons, of course, among them
bureaucracy, arrogance, tired executive blood, poor planning, short-term investment horizons,
inadequate skills and resources, and just plain bad luck.

But hold on, we are speaking about well-established companies with the power to course-correct
any of the shortcomings to stay ahead of the curve. Still, I look at the times when the most
distinguished companies were overturned and brought down to lose market dominance. The
incumbents do not do anything extraordinary; they just follow the simple way of realizing a problem
which never came to the attention of the big players and slowly started building continuously till
they caught up with the market share.

So, my views of how large organizations need to address the “unknown” competition

1. Sometimes, Good Management can lead to Failure -

2. Agility not flexibility, Flexibility
and agility are two distinct characteristics
that enable a firm to gain a competitive advantage by responding
quickly and effectively to changing customer demand. However,
there is confusion between these two concepts in the academic
and professional literature, with both terms being used to refer to
the same idea. Our literature review aims to draw the boundaries
between flexibility and agility by analysing the evolution of the
two concepts and detailing their respective drivers and elements,
to bring more clarity to the nature of the relationship between
flexibility and agility. Agility is the natural evolution of flexibility.
Until the 1990s, the term “flexibility” was used to refer to agility,
but, because of market changes, competitiveness and the need
for speed, the term “agility” was coined. While flexibility is
considered as an operational ability, agility is a strategic ability
that enables a firm to establish a strategic long-term vision. In
fact, flexibility is an agility capability, among other capabilities
such as responsiveness or speed. There are also several types of
flexibility that are used as agility sub-capabilities, or as agility
enablers, which further confirms the idea that flexibility is a part
of agility.
3. Sometimes,
4.