Far too many old companies have old people making all the decisions. Relax old guys, I'm old too. However times have changed so quickly and moved at light speed changing every day. Think smart phones, apps, and bitcoin. Things that were considered impossible technologies twenty years ago. I experience this problem in many businesses today that struggle to keep up. Think Kodak cameras refusing to go digital and stay with 35mm film.......How did that work out?
These older businesses need to have executive level placements of the 40 and younger generations. Us old guys just cant keep up with the light speed of technology, marketing, social media, and the like. Any business that is ran exclusively with "grey haired" people, with no opinion from the generations that are savvy on the new tech, will fail. It's only a matter of time.
As an example I do business with one company, which is ran exclusively by old guys, that is still trying to hire employees in the 18-30 year old range, by running employment ads in the newspaper......................