Rich Lyons, “Haas dean confidently predicts demise of business schools,” interview by Della Bradshaw, Financial Times, April 10, 2015, ft.com. Coursera and edX, among others, threaten business schools with massive open online courses (MOOCs).Bitcoin bypasses traditional banks and clearinghouses with blockchain technology.But now, business models are subject to rapid displacement, disruption, and, in extreme cases, outright destruction. The basic rules of the game for creating and capturing economic value were once fixed in place for years, even decades, as companies tried to execute the same business models better than their competitors did.
Let’s face it: business models are less durable than they used to be.
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