Obsolescence and Counterfactual Thinking

Massimo Massa (), Kai Taraporevala and Ludo Van der Heyden ()
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Massimo Massa: INSEAD

Chapter 8 in Value Creation for Owners and Directors, 2023, pp 169-183 from Springer

Abstract: Abstract Obsolescence is the silent killer of companies and operates quite insidiously. Through several examples, we illustrate how boards usually do not spend sufficient time appreciating a company’s obsolescence risks, understanding when these arise and grow, or even what they consist of. Our recommendation to boards and owners is for these obsolescence risks to be made more visible as a pre-condition for effective treatment of this corporate cancer. The formal discussion of obsolescence is another distinguishing feature of our book. Its effective treatment is evidently a first necessary condition for a firm to be sustainable.

Keywords: Obsolescence; Sustainability (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-19726-0_8

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DOI: 10.1007/978-3-031-19726-0_8

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