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As its own profit margins improve, the incumbent will be tempted to ignore the competition.
Initially, moreover, the incumbent will find being disrupted very pleasant, because the customers that defect first are likely to be the unprofitable ones.
Put it this way: If unemployment rises from 6 to 7 percent during an election year, the incumbent will probably lose.
The first results from the 120,000 polling stations across the country suggest that Goodluck Jonathan, the incumbent, will be re-elected.
And if the Republicans can find a halfway decent candidate (perhaps a uniformed one) I doubt the incumbent will get a second term.
As the ballot papers start to come in, the expectation among both his devotees and his enemies is that the incumbent will win.
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If the Dow falls, however, the incumbents will be thrown out.
And as 3D printing proliferates, the incumbents will almost certainly demand protection from upstarts with low cost of entry to their markets.
Some Council staff members question whether the incumbents will be as eager to spread the wealth once they assume leadership positions.
(Google's Mr Urmson is hoping California will allow fully autonomous prototypes as it will craft regulations of its own later this year).It is unlikely that Google and the incumbents will compete head-to-head.
At the same time, the incumbents will continue to struggle with innovation, hamstrung by their scale, regulatory burdens and decades of accumulated technical debt.
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