‘All companies are in a continual process of evolution and reinvention. Companies not going through some version of this are companies in decline.’
An article worth sharing: Teehan+Lax closes down and joins Facebook
Why is this remarkable?
1) Teehan+Lax was one of the world’s famous digital agencies
2) We all looked up to them for the latest thinking on design and usability
3) And they closed down?!!!
‘All companies are in a continual process of evolution and reinvention. Companies not going through some version of this are companies in decline. This is especially true for a company like ours. The fast paced nature of our industry means we always need to be staying one step ahead of our clients and our competitors.’
4) We all know that we need to innovate, but what if…what if not even a successful agency such as Teehan+Lax can innovate fast enough?
‘If Teehan+Lax was to be successful going forward, we would need to find, what Geoffrey Moore calls, Escape Velocity. Escape Velocity is the work and investment required for established companies to break patterns in their business to find new levels of growth and sustainability.’
5) I believe Teehan+Lax made a personal choice more than a business one on this occasion. But maybe I’m wrong…since they have always been trend-setters, the important question is: will this become a trend? Have they been visionaries once again and the future of digital agencies ‘may not look like its past’?
Food for thought.