That does not sound like a lot of fun, but many institutions live by strategies that amount to “dancing alone”.
Why this occurs is an interesting topic. More important is what effects this has. The effects, by and large, are to separate those within the entity from the real world. They work inside a bubble, so to speak.
BTW, this is not my idea. Peter Drucker formulated it long ago. And Peter warned managers of the dangers of bubble thinking.
Those dangers are more serious these days. Greg Satell writes about why this is so.