{"id":6917,"date":"2013-09-23T14:23:03","date_gmt":"2013-09-23T19:23:03","guid":{"rendered":"http:\/\/www.mrc-productivity.com\/blog\/?p=6917"},"modified":"2022-11-22T10:57:38","modified_gmt":"2022-11-22T16:57:38","slug":"what-killed-the-big-companies","status":"publish","type":"post","link":"https:\/\/www.mrc-productivity.com\/blog\/2013\/09\/what-killed-the-big-companies\/","title":{"rendered":"What killed the big companies?"},"content":{"rendered":"

\"Education\"Why do 70% of the companies listed on the Fortune 1,000 list ten years ago no longer exist today<\/span><\/a>? Inflexibility. They couldn\u2019t adapt to change. In the past, big companies ate small ones. Now, fast eats big.<\/p>\n

With that in mind, it\u2019s no wonder that CIOs list legacy modernization as one of their top priorities<\/span>. Legacy applications aren\u2019t flexible. They don\u2019t quickly adapt to change. As such, companies that rely on these applications lack flexibility, which…kills companies. <\/p>\n

Hence, the growing push towards modernization. Application modernization promises flexibility. It frees these companies from the shackles of their legacy software. <\/p>\n

The problem: Modernization isn\u2019t exactly straightforward. There\u2019s more than one way to modernize. By my count, there\u2019s five. How do you know which way is best?
\n<\/a>
\nHere are a couple of resources that will help you answer that question. First, here\u2019s a free whitepaper entitled, \u201cCrash course in modernization<\/span><\/a>\u201d that explains the need for modernization and outlines your options. Second, we put together a handy comparison chart based on that white paper, which you can find below. It compares your modernization options side-by-side, and helps you determine which is best for your company.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nScreen
\nScraping<\/th>\n		Code
\nConversion<\/th>\n		Rip and
\nReplace<\/th>\n		Buy new
\nand migrate<\/th>\n		Extend and
\nsurround<\/th>\n<\/tr>\n
What is it?<\/strong><\/td>\nScrapes data from legacy apps and displays it in a graphical format<\/td>\nConvert legacy code into modern code<\/td>\nThrow out old apps and build new apps from the ground up<\/td>\nPurchase pre-built applications and migrate existing data<\/td>\nGradually surround legacy applications with modern applications<\/td>\n<\/tr>\n
Does it replace legacy code?<\/strong><\/td>\nNo<\/strong><\/td>\nYes<\/strong><\/td>\nYes<\/strong><\/td>\nYes<\/strong><\/td>\nYes<\/strong><\/td>\n<\/tr>\n
Does it replace legacy architecture?<\/strong><\/td>\nNo<\/strong><\/td>\nNo<\/strong><\/td>\nYes<\/strong><\/td>\nYes<\/strong><\/td>\nYes<\/strong><\/td>\n<\/tr>\n
Speed<\/strong><\/td>\nFast<\/strong><\/td>\nFast<\/strong><\/td>\nVery Slow<\/strong><\/td>\nSlow<\/strong><\/td>\nVariable (Moves at your own pace)<\/strong><\/td>\n<\/tr>\n
Cost<\/strong><\/td>\nCheap<\/strong><\/td>\nCheap<\/strong><\/td>\nExpensive<\/strong><\/td>\nVery Expensive<\/strong><\/td>\nModerate<\/strong><\/td>\n<\/tr>\n
Risk<\/strong><\/td>\nLow<\/strong><\/td>\nLow<\/strong><\/td>\nHigh<\/strong><\/td>\nModerate<\/strong><\/td>\nLow<\/strong><\/td>\n<\/tr>\n
Ongoing maintenance<\/strong><\/td>\nDifficult<\/strong><\/td>\nDifficult<\/strong><\/td>\nEasy<\/strong><\/td>\nEasy<\/strong><\/td>\nEasy<\/strong><\/td>\n<\/tr>\n
Business Disruption<\/strong><\/td>\nLow<\/strong><\/td>\nLow<\/strong><\/td>\nHigh<\/strong><\/td>\nHigh<\/strong><\/td>\nLow<\/strong><\/td>\n<\/tr>\n
Advantages<\/strong><\/td>\nFast and Cheap<\/td>\nFast and Cheap<\/td>\nProduces modern apps that are built for your business<\/td>\nGives you completely modern apps faster than the \u201crip-and-replace\u201d method<\/td>\nLets you modernize at your own pace, and re-use existing code as needed.<\/td>\n<\/tr>\n
Disadvantages<\/strong><\/td>\n\n
    \n
  • Not actually modernization<\/li>\n
  • Limited capabilities<\/li>\n
  • Difficult maintenance<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • Doesn\u2019t replace legacy architecture<\/li>\n
  • Limited capabilities<\/li>\n
  • Difficult maintenance<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • High-risk<\/li>\n
  • Time consuming<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • High cost<\/li>\n
  • Requires a lot of customization<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • Time consuming<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Ideal for…<\/strong><\/td>\nCompanies that need to appear modern, without actually modernizing<\/td>\nCompanies that want to turn old code into new code without actually modernizing<\/td>\nCompanies with a large developer staff who need a completely custom solution<\/td>\nCompanies who need modern applications but lack the time for the \u201crip-and-replace\u201d method<\/td>\nCompanies on a budget who want a custom modernization solution at a prioritized pace with minimal disruption<\/td>\n<\/tr>\n
Long-term modernization solution?<\/strong><\/td>\nNo<\/strong><\/td>\nNo<\/strong><\/td>\nYes<\/strong><\/td>\nYes<\/strong><\/td>\nYes<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

One more thing: What happens if your company is tied to your legacy applications? What if they\u2019re too expensive, time-consuming, or risky to replace? If you feel stuck, don\u2019t worry. There\u2019s a way to bring flexibility to your existing legacy applications (without replacing them), which you can read about right here<\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why do 70% of the companies listed on the Fortune 1,000 list ten years ago no longer exist today? Inflexibility. They couldn\u2019t adapt to change. In the past, big companies ate small ones. Now, fast eats big. With that in mind, it\u2019s no wonder that CIOs list legacy modernization as one of their top priorities. …<\/p>\n

What killed the big companies?<\/span> Read More »<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","slim_seo":{"title":"What killed the big companies? - mrc's Cup of Joe Blog","description":"Why do 70% of the companies listed on the Fortune 1,000 list ten years ago no longer exist today ? Inflexibility. They couldn\u2019t adapt to change. In the past, bi"},"footnotes":""},"categories":[8],"tags":[9],"class_list":["post-6917","post","type-post","status-publish","format-standard","hentry","category-education","tag-modernization"],"_links":{"self":[{"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/posts\/6917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/comments?post=6917"}],"version-history":[{"count":6,"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/posts\/6917\/revisions"}],"predecessor-version":[{"id":13877,"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/posts\/6917\/revisions\/13877"}],"wp:attachment":[{"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/media?parent=6917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/categories?post=6917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mrc-productivity.com\/blog\/wp-json\/wp\/v2\/tags?post=6917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}