A paradigm paralysis occurs when individuals refuse to accept a paradigm shift. Often, this can have devastating results, especially in the business world. A famous example is the rise of the quartz movement wristwatch. In 1967, Swiss watchmakers displayed the first model of a quartz movement watch. Despite being more accurate, cheaper, and less intricate than their mechanical counterparts, the Swiss refused to change their method of watchmaking. In 1969, the Japanese company Seiko released the first commercially available quartz movement watch. The watch proved popular enough that as of 2010, nearly 95% of all watches use quartz movement in the design. The Swiss' failure to adopt to the new paradigm of quartz movement instead of mechanical movement devastated the watch industry of Switzerland. | A paradigm paralysis occurs when individuals refuse to accept a paradigm shift. Often, this can have devastating results, especially in the business world. A famous example is the rise of the quartz movement wristwatch. In 1967, Swiss watchmakers displayed the first model of a quartz movement watch. Despite being more accurate, cheaper, and less intricate than their mechanical counterparts, the Swiss refused to change their method of watchmaking. In 1969, the Japanese company Seiko released the first commercially available quartz movement watch. The watch proved popular enough that as of 2010, nearly 95% of all watches use quartz movement in the design. The Swiss' failure to adopt to the new paradigm of quartz movement instead of mechanical movement devastated the watch industry of Switzerland. |