Comments on Social networking failure discussion

Your team really picks up a good topic. I learn a lot through your insights of the Friendster story and social networking wars. It is obvious that pioneers might command a market opportunity but won't be necessarily leading to success. Here are two points I would have a discussion with you. First, as your pointed out, the pioneering startups would have failed if they had been lack of vision strategically or become complacent because of their innovative concept. Innovation is the driver of success but won't be the guarantee. Secondly, in the era of IT-based world, innovation happens at a light speed and could be possibly followed or imitated overnight. So we need a kind of keep agility all the times to ensure we are a step ahead. It is a war for success. Organizational capability to manage innovation would be a key factor to keep innovation on the right track to successful destination as.