strategy

Conventional Wisdom:

Obsolescence is inevitable for a number of reasons. Product lifecycles of components are much shorter than the products in which they are used. This is especially true for long-lifecycle or complex products such as automotive, medical, aerospace, or telecommunications equipment that use once-current, but now-outdated, components.

Obsolescence Management solves some of the problems associated with sustainability.

Now, a small exercise…

In the above wisdom, Find & Replace “product” with “company”, “component” with “yourself”; “complex” with “people based industry = IT/ITES”! and “automotive,…. equipment” with company names you like!

=> scary?

If so,

Replace “Obsolescence Management” with “Self renewal”

=> stay current, be relevant and fight obsolescence!

~