Business is changing with the times and all sectors of trade, commerce, selling and manufacturing are revolutionizing work and culture. Things that happened just a few years ago seem to have already taken their place in the annals of history books. We live in an era that has experienced the sudden closure of many industries like watches, bottled ink, ink pen, cameras, radios, audio and video cassettes and even newspapers that have been easily replaced by digital technologies. Industries and manufacturers fear the total wipe out of many more products if they do not comply with the times. The saddest part is that everything seems to happen so quickly that many are left without a clue on how to take things forward.

   This is exactly what happened with the South Korean king of consumer durables, LG. Like many of their successors they too feel the need to step down from their smartphone business. They now fear that they should stop the manufacture of....