When memes program the genes: What managers need to know about the emerging genetic revolution

Many industries and their offerings have fallen victim to managerial shortsightedness. Firms often believe they are invincible and see themselves as immune to threats from seemingly unrelated technologies. There seemed to be no apparent link between bound paper books and the emerging internet, no discernible ties between the video rental business and streaming technologies, and no obvious connections between photography and cellular phones. When these associations were established by means of other, newer technologies, major incumbent firms such as Barnes & Noble, Blockbuster, and Kodak came crashing down. CRISPR is the technology of the moment, one that will enable the programming of evolution. While we might think about gene editing in terms of cures for diseases, its repercussions will impact almost every domain of human and planetary development, and sooner than one might think. In this installment of On The Horizon, we adopt an evolutionary perspective to understand the impact of the genetic revolution on firms regardless of industry. & COPY; 2022 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights reserved.

Automated summary

Many industries and their offerings have suffered due to managerial shortsightedness, as firms often underestimate threats from seemingly unrelated technologies. However, when these connections are established through other new technologies, major companies like Barnes & Noble, Blockbuster, and Kodak collapse.