In “Only the Paranoid Survive,” Andrew Grove, the former CEO of Intel, discusses “strategic inflection points”—times when an industry’s fundamentals change significantly. Many businesses do not survive them. New competitors may surpass the old guard that did not adequately adapt.
Since the book’s publication in 1996, it has remained profoundly relevant. The average life span of companies has decreased, and the pace and pervasiveness of industrial change have increased.