I'm not sure that applies to Kodak or Nokia. They saw the changes coming, Kodak launched digital cameras, Nokia tried launching MeGo. The trouble is they didn't have a competitive advantage over all the other digital camera companies or phone OSs.

By the way I don't think Volvo is freaking out so much as going for it's vision 2020 thing:

"in 2008 we set out our vision that by 2020 nobody should be seriously injured or killed in a new Volvo car."