There is a lot to be said for experience. Longevity in business often means that a certain level of experience has been achieved, and that a business is successful.
But having experience does not preclude the necessity for keeping up with current changes in the way business is conducted. We live in a fast-paced high-tech world that demands constant adaptation in an ever changing marketplace.
So experience alone is not enough to survive in business today. Rather, it is the melding of experience combined with an acute knowledge of the current tools and technologies that allow a business to succeed.
You cannot rest on your laurels, you cannot get by on your past accolades, and you cannot do business the way you did twenty years ago!
We are nearly ten years into the 21st Century, and the 20th Century ways just don't get the job done anymore!
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