Does Success Breed Failure?

This quote from an article about the challenges facing Microsoft sounds paradoxical. How can success breed failure?

Yet it points to a fundamental insight. The ways of thinking and acting that prove effective right here and now may not work in a new time or place where conditions are different, and the very fact of present success may blind us to the need for new strategies and methods.

Are you able to adapt? It takes a basic humility to be able to say that I knew what worked before, but that may be wrong for the current situation. We need continued humility and flexibility for ongoing success - to be lifelong learners.

Can Microsoft Thrive in a New Digital Era? - New York Times:

"“The dilemma for Microsoft is that it is a prisoner of its business model, and the fact that it is a gilt-lined prison makes it brutally hard to change.”

One of the evolutionary laws of business is that success breeds failure; the tactics and habits of earlier triumphs so often leave companies — even the biggest, most profitable and most admired companies — unable to adapt."