Beyond Meat Faces Bankruptcy
November 16, 2023 | 1 min to read
Disrupting an industry often fails to ensure financial success, as established players can simply adapt to consumer demands. For instance, although digital-first disruptors highlight flaws in traditional banking, the banks continue to thrive by incorporating lessons learned. Ultimately, the disruptors may prove consumer demand, yet established leaders tend to capitalize on their innovations, leaving the original disruptors without the anticipated rewards. For further insights, visit The Street.
Disrupting an industry does not guarantee financial success.
Sometimes, when a company takes market share from the incumbents by showing them what they’re doing wrong, the deep-pocketed establishment simply course corrects. Banks, for example, have not disappeared because digital-first disruptors changed consumer expectations.
In many cases, the disruptor does the hard work and proves consumer demand. Then, the established leaders pick and choose the best parts of whatever the disruptive players have shown them.
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