Technological progress & business models

The problem with technological change is that the original technological stage creates business possibilities, followed by the creation of business models based upon established technology.

Not all technological change needs to be great. Some small changes in socio-technical arrangements just create shifts that end sustainability in business models. A beautiful elegant example of this is the nylon stocking vending machine in use in Stockholm in 1956.

Life Magazine has a fantastic photo essay In Praise of the Automat

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