Question

Young, innovative, or high-tech firms often adopt the strategy of ignoring history or attempting to do something radically new. In what ways might this strategy hinder them?

Answer 1

Here's an interesting couple of concepts:

"Those who do not know history are doomed to repeat it." But they have no idea they're in a re-run.
(This is how someone used to end his comments on local blog posts. He put the quotation by Burke together with his own interpretation!)

Edmund Burke: http://www.goodreads.com/quotes/111024-those-who-don-t-know-history-are-doomed-to-repeat-it

How would you apply this idea to your question?

Answer 2

young innovative or high tech firms often adopt the strategy of ignoring history of attempting to do something radically new.in what ways will this strategy help them?in what ways will this strategy hinder them/