It used to be a great way to run organisations. When we had few skilled workers, limited competition and slow-moving markets this made sense.
Organisations structured this way do not accommodate innovation well. Suppression either leads to uprising amoung the innovators or organisations that increase in irrelevance until their ultimate demise.
If you achieved widespread adoption more than a decade ago, you are vulnerable. If you are still doing business the same way you did to achieve this success, you might already be too late.