https://sloanreview.mit.edu/article/the-decline-and-rise-of-ibm/?switch_view=PDF
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@3hnj nails it
fast forward from the date of that article to the 2010s. First, it was a decade of endless negative revenue growth and RAs. Second, the 2010s generation of management made the generation referred to in the article look sober, disciplined and astute.
Sadly, the trend of counting on a belief in wishful thinking has become much worse in the new decade. Lately, it has reached almost cult like levels especially in AI in which IBM shows every sign of over promising and under delivering. But even the previous generation of hype, Cloud, management's claims that "we defined the hybrid Cloud model and that turned out to be the right model" is akin to saying "we defined the model of sunrise followed by day followed by sunset." In terms of actual contribution to the industry, there's not a lot there except recycled software in the form of something called "Cloud Paks" and whatever Red Hat can muster.
The point is that it may be too soon to write the follow on article because the consequences of even worse decision making are going to be more and more in evidence. On the other hand, perhaps an interim report would be a good reference.