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Disintermediate – This one can be so confusing I probably need to begin by using it in a sentence. Here goes: “We need to disintermediate our supply chain.” (That’s a classic source of buzzwords, by the way.) Instead of getting the team together to “ideate”, why don’t we just do some brainstorming? Still confused? You’re not alone.
I’m always on the lookout for new practitioners entering the market where we have practice areas, disruptive technology, or changes in the landscape that could disintermediate certain aspects of the market. I worry much more about the unknown than the known… . Now it’s your turn – how well do you know your competition?
So, in today’s post I’ll examine the power of disruption as a key business driver… Disruptive business models focus on creating, disintermediating, refining, reengineering or optimizing a product/service, role/function/practice, category, market, sector, or industry.
So they coined the word "Disintermediation"". The quotes below are what Pink said (although sometimes paraphrased because I can only type so fast.) Management consultants get paid by the syllable. In 2000, 1 in 9 people worked in sales. 13 years later - social media, smart phones, cloud computing, tablets etc. But 2013 we still have 1 in 9.
Before reaching the top of the S-Curve, there will be disintermediation, which moves humanity from the current S-Curve to a new one. Another way to think of this pattern of disruption is to consider the evolution of humanity as one giant S-Curve. An S-Curve is the measurement of speed in the adoption of new innovation.
More effort and work to gather employee experience , voice of customer data, and systems to collect disintermediated people data – and share the macro effects then use micro-actions to make change and adust (much of this is using scaled technology) Managerial-leadership will become more distributed.
Before reaching the top of the S-Curve, there will be disintermediation, which moves humanity from the current S-Curve to a new one. S-Curve Evolution Another way to think of this pattern of disruption is to consider the evolution of humanity as one giant S-Curve. An S-Curve is the measurement of speed in the adoption of new innovation.
Disintermediation is a sign that your customers don’t think you are adding as much value as you think you are. Firms struggling with disintermediation can take simple steps to stop the bleeding before it’s too late — if they understand what’s really taking place.
In both instances, the life-cycle management innovation involves using disintermediation to change how the customer interacts with the product. Broad expansion of such disintermediation in the pharmaceutical business could, of course, encounter numerous hurdles. And both teach lessons that apply across many industries.
In other words, innovation occurs when we bypass or disintermediate procurement. But, alas, the innovation disintermediation and disempowerment provoked by procurers with their eyes a little too focused on the bottom line have demanded this fundamental shift. How healthy is that?
Disintermediation is inevitable.". So libraries are struggling. What can they do in the face of skeptics who say, "Print! Why, in God's name, do we need print? Let the library go the way of the bookstore. Perhaps the answer lies in the library's physicality. Can the library do something a Kindle cannot?
Executives should also be wary of how AI increases the dangers of brand disintermediation. The Curious Incident of Brand Disintermediation. Furthermore, as those systems become increasingly capable, they could potentially lead to brand disintermediation.
Disintermediation has forced a focus on talented individuals who produce great art. A viable alternative would be a market for investors to put their money into artists' whole businesses, where artists retain rights and investors participate in all the profits. But it's not all bad news.
What Happened to Disintermediation? My own two cents: if you want to be the charismatic leader, choose a lieutenant who doesn't mind staying in the shadows. Despite his profound influence on the Civil Rights movement, there's no Bayard Rustin national holiday. THE KING IS DEAD, LONG LIVE THE KING. INSEAD Blog).
It's media disintermediation at work! The likes of Robert Scoble , Bill Gross and Henry Blodget are far quicker on the draw — and far better at sussing out what will fascinate their many followers on Twitter — than I am. Lots of industries have been turned upside down by innovation over the years.
How smart are customer-centric firms that effectively train complainers to disregard or disintermediate their contact centers? If a well-chosen 140 characters provoke comparable results — and the personal satisfaction of public shaming — then that's what will increasingly occur.
But their pushback was firm: disintermediated meetings were preferred to ones facilitated by a third-party like myself. Again, I pointed out that I was merely arranging targeted introductions so that people could figure out themselves if more serious relationships made sense. Yes, they appreciated my information.
Disintermediating the analysis was the right and responsible choice. I would have made huge, and embarrassing, mistakes had I done so. Because the costs and complexities of due diligence were so low, I eliminated the risk of error instead of propagating it. Everyone is pressed for time.
Tesla has challenged the automotive business model on other occasions: it disintermediated car dealerships and then adopted a switching station model. So what motivates this recent cooperation: is it just good PR, is it plain altruism, or is there something more calculated?
To counter this dynamic, the CEO of a large financial services firm banned her organization from using a list of words and phrases such as “leverage” “synergy,” “disintermediation,” and “robust” (to pick a few of the most overused terms ). Language like this can signal that a team doesn’t have a clear idea of what they need to succeed.
Their print and music industries are being disintermediated by the digital revolution. Björk and Tina Brown have many differences but one common problem: They are watching the boat beneath them sink. They are struggling to respond to the blue-ocean and white-space and black-swan disruption that besets us all.
In the same way as when travel agents were disintermediated by websites and direct sales, the quintessential auto dealership may now be counting its last days, only creating more inefficiencies in the supply chain than the value it provides.
And yet, with this tremendous access and disintermediated channel, what have we gotten? Thanks to the Web, any brand can have an idea and publish it to the Web in text, images, audio and/or video. This can be done instantly, free, and immediately. It's pretty amazing. For the most part, a lot of very traditional advertising messages.
The issue facing most sales forces is not disintermediation. At Groupon in 2012, over 45% of employees were in Sales; at Google, it''s over 50%; and at Facebook the sales force''s ability to translate "likes" into advertisers will make or break that company''s valuation and fortunes going forward.
Many industries have experienced disruption, due to technologies that successfully reduced inefficiencies and frictions, often disintermediating established players in the process. Plus, it can be difficult for the average person to accumulate enough points to earn a meaningful reward. The Benefits of Disruption.
” The Danger of Disintermediation. Already, consumers are being disintermediated from traditional brand choices via search engine and online retailer algorithms that determine which products are presented to consumers, and in what sequence.
Obviously, innovation investments shouldn't make it easier for suppliers to compete with or disintermediate their customers. In each case, the client was intent on giving its vendor access, software and/or other resources that put the vendor in a better position to come up with better innovations.
But banks cannot control the rules of engagement as they have in the past, since customers now have more choices and are more fragmented, and disintermediation by fintech is making it harder to earn fees. The old banking order is failing in Africa and central banks are losing their powers with all the disintermediation.
How do agencies ensure their future by being able to help brands sell more and build stronger loyalty in such a disrupted and disintermediated world, where every individual is consuming so much media from so many different channels? And that has not changed since agencies were first invented. So, now what?
Intermediaries or “trust brokers” do not have to be written out of the equation — or disintermediated — as many blockchain enthusiasts argue. Rather, they can become early adopters of the technology.
Many of these dinosaurs – agencies in particular — seemed a bit panicked about being disintermediated. These open-system mammals and birds have evolved to a point where they are beginning to articulate and deliver on the new paradigm while the dinosaur guardians of the old, closed marketing world are starting to acknowledge the shift.
military – the disintermediating power of the internet has finally reached into the halls of power. , and even a bizarre case in which a senior Iranian commander texted the Iraqi president and asked that the phone with the text message be handed to a senior member of the U.S. It was the first Roosevelt, after all, who called the U.S.
Barksdale: I think we use the term “disintermediate” a lot more than we do “unbundle from these terrible corporations.” You know, we’re going to free all these things from these evil big corporations and the consumers will be completely in control. I don’t remember ever giving that speech.
Yet, more so than traditional travel providers, these companies face possible disintermediation by smart speakers, which will be capable of aggregating potential travel options on command.
Now that cultural content could go directly to the consumer, "disintermediation" was inevitable. The digital revolution has been tough on traditional channels, diminishing the bookstore, the department store, and the newspaper. In the movie world, not so much. The bricks and mortar channel survived relatively intact.
Some point to disintermediation elements as evidence that these markets are new, but these elements have also existed for years. When hotel companies are described this way it seems little separates them from Airbnb, which acts as a brand and platform to connect consumers with rooms, just as Marriott and Hilton do.
Now that we''re done, or nearly done, disintermediating old media like the newspaper, and supply chains like the book store, it''s time to solve that vexing problem of having to get ourselves from one place to another. Yes, we disintermediated the channels of culture, communication, and distribution. So let''s behold them.
Using software, like the apps on new “smart” TVs, or hardware, like Roku or Chromecast devices, any consumer with a strong Internet connection can now bypass the disintermediated MSO. Think of HBO Now, a standalone service that consumers can access over the web, without a cable subscription. Connecting the dots.
That allows cab drivers to offer many of the conveniences of Uber without being disintermediated. For example, one of the most popular apps now in Singapore is called GrabTaxi , which uses an Uber-like mobile interface to simplify the process of ordering a traditional cab.
But the future of engagement is about regaining control over your data, disintermediating the current channel owners, and creating ongoing relationships with customers beyond individual transactions. It is much easier to create an ad campaign, make a media buy, refresh your web site, or execute a PR program.
Specious talk about disintermediation of salespeople obscures the real issues facing firms. In turn, this drives the B2B buyer’s propensity to seek information from vendors who work with companies across regions or vertical segments, and who can use that knowledge to help frame and deliver solutions for that buyer’s needs.
To the contrary, I believe programs like AT&T’s provide opportunities to keep employee populations relevant—and those with relevant skills are less likely to get disintermediated.
Digital commerce and disintermediation have caused many customers to question the importance of having a sales relationship at all. But in this era of nearly ubiquitous information, customers usually engage with salespeople after they’ve already researched their purchase and in some cases made their purchase decision.
Amazon's widget that makes it easy to shop from inside Facebook reveals one way this oligopoly will become increasingly interconnected, while disintermediating as many others as it can. Next time you're heading into a strategy meeting to develop your five-year plan, we think you may want to keep the dynamics above in mind.
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