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With disruptive creation, “the new comes at the expense of the old and its associated companies and jobs, creating a win-lose or winner-takes-most economic outcome. In contrast, nondisruptive innovation is “achieved without disrupting a preexisting market and its associated companies and jobs.”
While much has been written about corporate vision, mission, process, leadership, strategy, branding and a variety of other business practices, it is the engineering of these practices to be disruptive that maximizes opportunities. So why do so many established and often well managed companies struggle with disruptiveinnovation?
For my part, I’m in the process of trying to eliminate the term “thought leadership” from my vocabulary. This week, after months of reflection, I’ll be instructing our team to remove all references to thought leadership from our materials. Thought Leadership was once a term reserved for a limited few. What is a thought leader?
Disruptiveinnovation is no longer the exception, it’s the rule. If we’re not proactively driving disruption, we’ll eventually need to react to it. Five personal leadership competencies are essential for success in today’s environment: A Leapfrogging Mindset. Boundary Pushing. Pushing boundaries occurs on two levels.
State of the art management and leadership techniques are continually evolving. And, the winner of the 2013 Thinkers50, Clay Christensen, now sees his ideas of disruptiveinnovation used and applied by managers in their relentless quest for competitive advantage. Business best practice never stands still.
This is a post by Mike Myatt author of Hacking Leadership : The 11 Gaps Every Business Needs to Close and the Secrets to Closing Them Quickly. What is a thought leader, and what does thought leadership mean in today’s business world? This is due to the fact that thought leadership was once a term reserved for a limited few.
Emerging Technologies Shaping the Future Emerging tech like Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing the digital landscape and already have numerous applications in the market. These technologies are advancing rapidly and redefining the line between human potential and technological innovation.
Let’s study a bit about Innovation. Innovation comes in four basic formats. This kind of research does not directly result in marketable solutions. It is however a fundamental prerequisite for an innovative ecosystem. Sustaining innovation is where larger corporations excel.
I found two recent articles about Clayton Christensen that have increased my understanding about leadership: The first is published in the BYU Magazine’s Spring 2013 edition. (As According to Christensen, you keep nimble and respond to up-and-coming innovations at the bottom of the market. So how do leaders make lasting change?
Innovating O ur Way to Sustainability , we assert that to address these challenges requires substantial, disruptiveinnovation across a wide number of sectors. Such innovation cannot and will not happen without the active involvement of the business community. Innovation is more than invention.
Big visions, carefully crafted strategies, and detailed plans are signs of great leadership. Could we be ignoring the most fundamental tool that anyone can use to create disruptiveinnovation and change? But early on, CEO Scott Cook and his leadership team kept hearing that small businesses were using the product.
Best, Leadership Freak, Dan Rockell pastortom2022 Hello Mike, another great post and this one, like others you write, makes us think. Dan [link] Liz Strauss Mike, You're always pointing to game changing ideas and true insights into how leadership can affect growth. It only makes your current game better.
There are two types of risk – competitive risk, which involves head-to-head competition, and market risk, which creates a new field of play. With market risk, you are playing where no one else is playing. Updated: Visual Leadership Pack of 60+ HD Sketchnotes. Play to your Distinctive Strengths.
When you think about it, the model of disruptiveinnovation is the exception, not the rule. Many leaders associate the term “innovation” with game-changing disruptions of existing industries or the creation of entirely new ones, like the way Apple’s iTunes helped create a whole new way to sell and distribute music.
So to get the most out of innovation processes such as design thinking, truly creative leaders also need to master the social dynamics of… [wait for the punchline}…humor! But in the world of leadership, humor has typically been typecast as a manifestation of individual personalities and thereby a spontaneous and non-replicable activity.
So, how does your Marketing serve your innovation? Does it define clearly and collaboratively? Does it integrate desirability, feasibility and viability in an optimal manner? Does it communicate with clarity and impact?
At the recent ISPIM conference, I sat in several presentations ostensibly describing approaches to disruptiveinnovation when, in reality, it was difficult to see what (a market or a company) was actually being disrupted. They were really talking about breakthrough or radical innovation.
There are two types of risk – competitive risk, which involves head-to-head competition, and market risk, which creates a new field of play. With market risk, you are playing where no one else is playing. The seven accelerants are (quoting from the newsletter): Take the right risks. Play to your Distinctive Strengths.
Nondisruptive creation is when you create a new market without needing to tear down or displace others or your own business. There are no failed companies, lost jobs, or destroyed markets in its wake, opening a path to innovation where business and society can better thrive together.
Technology change is speeding business up and providing an edge for disruptiveinnovators. What do leadership teams most struggle with in the new environment? And they are comfortable using rapid design cycles to prototype and test products/services in the market, rather than depending on traditional marketing analysis.
My friend and marketing/branding guru, Brian Sooy, send me a message saying that what I really do is "Inn-Oi-Vey-Tion." Let's face it - innovation is hard - it can be fun, but it's also hard. " I laughed hysterically - and then realized he's right! It takes courage, hard work, fun, creative thin [.].
Breakthrough ideas and disruptiveinnovation stem from a deep understanding of the customer. When it comes to innovation, culture is more important than strategy. By embedding innovation in your organizational culture, you can set yourself up for future wins.
Breakthrough ideas and disruptiveinnovation stem from a deep understanding of the customer. When it comes to innovation, culture is more important than strategy. By embedding innovation in your organizational culture, you can set yourself up for future wins.
How do organizations achieve longevity, the kind of longevity that survives long past the founder or any particular leader or leadership team? Customers are firmly in the “prove it to me” camp, and often it is best to seek new customers when pursuing entrepreneurial initiatives and innovative products and services.
Related: Bob Browne Discusses His Experience Applying Deming’s Ideas as a CEO – Six Keys to Building New Markets by Unleashing DisruptiveInnovation – Deming Conference Webcast: Paula Marshall, CEO, The Bama Companies – Communicating Change.
Yes, the management that, according to Clayton Christensen, is not supporting the creation of radical ideas that will change markets. Don’t tell anyone, but today I’m going to defend management. Continue reading →
Share this: This entry was posted in Engagement , Leadership , results , Team building and tagged Max Carbone , strategic planning , Team performance , top team building tips , What Really Works. If you want accountability, then people have to have a say in how things are going to roll out. Happy leading! Bookmark the permalink.
The most punishing innovations, they argued, were the ones that were easy to dismiss at first blush — simple, affordable solutions that took root outside the mainstream market. The authors called these "disruptive" solutions and provided a straightforward prescription for leaders looking to turn disruption into an opportunity.
When only seven percent of all employees trust their leaders, can you blame Harvard's Barbara Kellerman for calling the modern practice of leadership development a failure? She pulls few punches in this Strategy+Business excerpt from her book, "The End of Leadership.". Interactive Graphic: Is Your Job Market Growing or Shrinking?
Far too many supposed innovation experts believe that measuring activities is critical to success. Innovation activities simply for the sake of doing something without context and insight from the measure may be in fact very misleading. Maybe not so much. At least for the big stuff.
Editor's note: This post is part of a three-week series examining innovation in health care, published in partnership with the Advanced Leadership Initiative at Harvard University. The transformational force that has brought affordability and accessibility to other industries is disruptiveinnovation.
As Steve Jobs steps down as Apple's CEO — and Tim Cook takes over — many folks are wondering whether Apple can keep its innovation engine humming. He was first shown the door when John Scully and other marketing folks led the charge at Apple — a charge that quickly took a nosedive. Can Cook do this?
The Innovator's DNA: Mastering the Five Skills of DisruptiveInnovators. Alongside Clay Christensen, Jeff Dyer and Hal Gregersen conducted an in-depth study that uncovered the five skills shared by the best innovators in the world. Winning the War for Talent in Emerging Markets: Why Women are the Solution.
At Apple (or at any innovative company), they take a little bit of this, sprinkle in a little bit of that and that and that to churn out market-busting ideas such as iTunes, and the iPod, iPhone, and iPad (along with a few market disasters like the G4 Cube computer). That's what disruptiveinnovators do, day after day.
There are other markets waiting to be disrupted, for sure. Compare that with Amazon's performance: Amazon lost $247 million in its last quarter. Amazon's price-to-earnings ratio is now 2,767. Apple's is 13. And Apple's profits are growing substantially year over year. Television. Automobiles.
Tesla clearly doesn’t qualify under the traditional definition of a disruptiveinnovation. Tesla is also not comparable to Netflix, another frequently-cited example of a disruptiveinnovator. If that potential isn’t realized, the money will quickly dry up. For now, Tesla has none of these.
Margins are maximized to the extent that companies leverage core capabilities in bringing products to market, and are able to establish control of key points in the value chain, for example regarding commodity costs, patents, or brand strength. Design Disruptiveinnovation Internet'
Champion : Senior leadership must champion any new idea being adopted. " Regards, Leadership Freak Dan Rockwell [link] Bob MacNeal Mike, Thanks for this helpful post. As one who has failed to lead ideas and has failed to spark movements around ideas, it seems the bridge between an idea and an innovative idea is a viral movement.
SUGAR AND SPICE AND DISRUPTIVEINNOVATION. boards, and yet make up less than 7 percent of senior leadership at startups. Investors will not only have the potential for a decent rate of return but can be secure in the knowledge that they’re "part of the social mission to cure.". businesses, fill 16 percent of seats on U.S.
Game-changing innovation is a beautiful thing. Disruptive products and services are unleashed. New markets are created. The problem is that large companies find game-changing innovation staggeringly difficult to achieve. What does it take to innovate at scale? Customers smile, employees cheer and shareholders win.
The company is already in market and earning revenue. In the late 1990s, I went out to Intel about twenty times, educating about one hundred managers at a time on the principles and language of disruptiveinnovation. That's utter baloney," I responded. It needs to figure out its business model before it raises more money.".
This process of "disruptiveinnovation" enabled new competitors to create entirely new product categories. Then rapid improvement in cell phone technology combined with sharp reductions in cost opened up massive new markets that existing terrestrial business telecommunications companies had missed.
Tom Stillwell , CEO of the Clio Award–winning marketing agency Midnight Oil , explains: “Creativity can be very expensive if you aren’t careful. It takes intentional, thoughtful leadership to help your team unleash their most creative and powerful work. ” So the first step is to define your terms.
As noted management expert Geoffrey Moore told me with respect to high-velocity competition, "I''m not sure you ever want to be in the public markets." Its RAZR thin phone was a huge success in the mid-2000''s, and the market raved. Take Motorola, for instance. Take Motorola, for instance. So we are left with a quandary.
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