In a recent HBR piece, author of The End Of Big, Nicco Mele, argues that the current business ecosystem supports the emergence of any kind of startup that can work away at the market share of any industry giants. Add to that how large success makes many companies less nimble and entrepreneurial.
Nicco concludes with an apt Bill McKibben quote:
As environmentalist Bill McKibben wrote, “We’re moving, if we’re lucky, from the world of few and big to the world of small and many. We’ll either head there purposefully or we’ll be dragged kicking.” Far from seeing consolidation as a sign of strength, I view the recent spate of enormous deals as indication that big firms are desperate to forestall their demise. They are being dragged kicking into the future.