The internet, arguably the greatest invention of all time, is just starting to shape our world. New ventures are dreamed up every day to take advantage of it’s power, and legacy businesses are being disrupted because of it; the business world has been reshaped and redrawn since the inception of the internet.
What does this disruption look like? Here are a couple of clues…
— The Economist (@TheEconomist) March 29, 2015
— Rene Suhardono (@ReneCC) April 11, 2015
This is what disruption looks like pic.twitter.com/TNWyfafnIE
— Vala Afshar (@ValaAfshar) April 11, 2015
— Tamara Lucas (@tam_tami) April 11, 2015
All of this is happening because of the internet!
Many businesses across the world have yet to adapt to business in the internet age, legacy business (and mental) models still prevail is most industries; even when some adoption has occurred in established economies.
Great business leaders constantly scan and consider how changes in the environment will affect their business in the long run, they develop their business acumen by asking themselves the following questions:
- What is happening in the world today?
- What does it mean for others?
- What does it mean for us?
- What would have to happen first (for the results we want to occur)?
- What do we have to do to play a role?
- What do we do next?
Answering these questions doesn’t mean that you will have it all figured out, it simply means that you will, at the very least, have started a new thought process.
With all of the above said, this is how you should think about opportunities in any area or sector to survive and thrive today: any business that has not yet been totally disrupted by the existence of the internet will be.
How will your business thrive in the internet age? Ask yourself the following question to reset your own expectations: If the ____insert industry/category_____ started today, how would it be different and why?
Bottom line: We can sum it up this way….
In the future, you are either a digital business or a dead business. pic.twitter.com/HYc8ub3btx
— Vala Afshar (@ValaAfshar) March 31, 2015