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TUVA PALM
CPO/CTO
ADAPT OR DIE
It is not the strongest of the species that
survives, nor the most intelligent that
survives. It is the one that is most
adaptable to change.”
“
Charles Darwin
STORY OF SUCCESS
… …
… …
FAILURE TO ADAPT CAN LEAD TO BANKRUPTCY
… …
… …
COMPETITION
CANNIBALIZATION
CHANGE
DIVERSIFICATION
More than 80% of the Fortune 500 companies from 20 years ago
are no longer on the list.
Many failed to make the transition to an Internet-based business
in the late 1990s.
COMPANIES THAT HAVE FAILED OR LOST TRACK
1888 1975 1990 2012
145 000
workers
75 %
market share
31 B USD
market cap
Feared digital would cannibalise sales
Relied too much on own brand power
Focused on short term product success
Did not adapt in time
Understood customer needs
Built new digital cameras
Started new business streams
Invested in new markets
* in 2016 Kodaks revenue was 0,07% of FUJIFILMs revenue
1985 2000 2004 2010
84 000
workers
27 %
market share
5 B USD
market cap
Did not foresee the digital market
Relied too much on own brand power
Did not diversify or adapt on time
Failed to acquire Netflix
Understood consumer needs
Started with monthly subscriptions
Transitioned from physical to digital
Adapted to another business model
1996 opportunity industry changes innovate
Targeting high-net worth individuals
Increased regulation on mutual fund
provisions
Time consuming face-to-face
interaction
Traditional Financial Advisory Services
Fully-digital advisory experience
Automated deposits
Automated rebalancing of customer
portfolios
Broader customer base by lower
minimum capital and fees
Nordnet’s Robo Advice
WELCOME TO ROBOSAVE