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This view that what worked in the past will work in the future is inconsistent with the rapid changes in technology and in the industry, the report concludes.
What was once the 800-pound global telecommunications gorilla became a sitting duck with deregulation, rapid changes in technology and the emergence of more nimble competitors.
Critics of the government's antitrust lawsuit against Microsoft said that the company was already at risk from rapid changes in technology.
Mr. Ren then flitted among jobs, realizing that his technical and scientific knowledge was being outpaced by rapid changes in technology.
But the broader focus was how the plane's manufacturers and regulators can cope with rapid changes in technology that may outstrip their ability to predict problems.
But Pentagon officials said that given the rapid changes in technology, they could not afford to take such a gradual approach without systems becoming outdated before they rolled off the line.
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Therefore, as economies are exposed to more rapid changes in technologies, competitive pressures and price shocks, it becomes increasingly important to identify and develop the policies and skills that lead to successful entrepreneurial entry.
But it was the rapid change in technology that had marked his tenure, he said, and admitted regulation was lagging behind and needed a radical overhaul.
In the near-term, however, it would be a good idea positioning the economy to take best advantage of rapid change in technology.
Mr. Genachowski oversaw the commission during a period of rapid change in technology, characterized by the explosion of smartphones and an increase in the speed of wireless and broadband Internet connections.
Taking Dell Private Is the Biggest Challenge Yet for Its Founder | Michael S. Dell is gambling that he can respond to rapid change in technology by taking his company private, Michael J. de la Merced and Quentin Hardy reported.
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