In the old days, the large companies played the strategic positioning card of sitting on the hands and waited to acquire their young competitors with their mountains of cash reserves. They were usually focused on milking their cash cows while strengthening their market position through political-economic-social connections.
In summary, some of these larger companies became fatter and complacent by centering their attention on efficiency and quality. When the timing is right, they acquired their innovative competitors with an optimal-exploitative approach.
In the era of the information economy, some of the younger companies are "aggressively" innovating. Some of these CEO's do not even cared about being absorbed by larger companies. They wanted to build something that would last a great deal of time.
These fat dinosaurs will disappear at some point of time. No dynasty lasts forever.
Happy Thanksgiving.
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1 The world under heaven, after a long period of division, tends to unite; after a long period of union, tends to divide. This has been so since antiquity. When the rule of the Zhou Dynasty weakened, seven contending kingdoms sprang up, warring one with another until the kingdom of Qin prevailed and possessed the empire. But when Qin's destiny had been fulfilled, arose two opposing kingdoms, Chu and Han, to fight for the mastery. And Han was the victor.
--- Chapter 1 Romance of Three Kingdoms
At the end, there can only be one.
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