Did Boeing take its eye off its core commercial airplane business by not bring out a new airplane for more than a decade succeeding market leadership to Airbus?

Did Boeing take its eye off its core commercial airplane business by not bring out a new airplane for more than a decade succeeding market leadership to Airbus? Is it likely Boeing can regain industry leadership? Is the 787 appropriately positioned in the marketplace with a high likelihood of success? Why? Why not? Are there deep roots to the disarray in CEO leadership, or do you think it is just random?