What can CIOs learn from Hollywood’s history?
The movie industry is full of prima donnas, overpaid incompetents and people who talk endlessly just for the pure pleasure of it. Nothing like your industry, is it? Hollywood, with its glittery red carpet premieres, may not seem to have much in common with banking, healthcare or car manufacturing. But I believe it shares a key trait with every large, well-established industry: how it responds to new business models and technologies. For more than a century, every time an important innovation knocked on Hollywood’s door, the industry treated it like a plain auditionee, giving it the cold shoulder and trying to show it the door. The movie industry ignored or tried to stave off sound, colour, television, home video, computer animation, and digital editing and cinematography before realising that each revolution would help grow the business and expand the creative possibilities. New ideas always threaten the status quo. Business people worry how they’ll affect today’s predictable revenue s
