America’s Business Model
America’s founding fathers were great entrepreneurs, after winning the Independence War, they created a weak Union under “The Articles of Confederation and Perpetual Union” of 1777, but it did not work out. The founders had the courage and audacity to pivot to the “The Constitution of the United States” in 1789 — a new business model, that bold pivot saved the Startup called the USA.
No Sword in the Hand
There are two types of innovation: Sustaining Innovation (better & sharper sword) and Disruptive Innovation (Slingshot). Goliath was in fact good at sustaining innovation: he sharpened his sword every day, and he worked out every day like Conan the barbarian. Incumbent companies actually do this type of incremental innovation well, but they often miss out on the disruptive one, the one that will change the rules of the game forever.