James Surowiecki's latest financial column in The New Yorker magazine covers the decline of Sony since the heady days of the Walkman. Surowiecki explains that Sony's problem is "not invented here" syndrome. Being too proud to recognize valuable innovation outside its own ranks has crippled Sony's ability to keep up. Meanwhile Sony's competitors, less hesitant to give up control and try joint ventures, are thriving.
See "All Together Now."