Category Archives: competition

How Startups Slay Giants

Killing giants

Illustration credit Christian Laborin

Slaying giants is fun, almost every new disruptive company slays a giant or two. Last week I had a chat with a team based in Puebla Mexico working on a cool augmented reality application for museums. They asked for my thoughts on their app and business model, I happily answered their questions. One of those questions comes up every time I talk with startups: How do you protect yourself from giants who might copy your idea?

Chaos Learning: The Key To Mastering Uncertainty

how to master uncertainty

It’s a given that The Next Economy will be driven by 10 essential technologies, some of which are already a big part of our daily lives. What’s not a given is we don’t know how everything will play out. Still, it is imperative for leaders to understand how these technologies will shape business and society, for every organization is slowly turning into a technology company but are not acting like one.

This changes how leaders think about strategy.

Platform Revolution: How Platforms Change Strategy with Geoffrey Parker

Platform Revolution: How Platforms Change Strategy with Geoffrey Parker

The internet is the big disruptor of our time, changing the advantage from products to platforms. Case in point, Uber, Airbnb and PayPal. They all disrupted their markets when they launched. Today they are industry leaders.

What’s the secret to their success?

In The Future You Are Either a Digital Business or a Dead Business

in the future you are either a digital business or dead businessToday, every business is digital and it’s changing how business is done. But many businesses have yet to wake up and understand this reality. Look at the chart below, I’m sure your business is lacking the digital skills necessary to compete in the information age:

6 of the most common strategy traps

strategy trapsStrategy without change is pointless, and doing what everyone else is doing is not a strategy; it’s a key principle most business people don’t get.

Take the most common advice you hear out there: don’t limit yourself to niche market; you won’t make any money.

What’s the secret sauce of a culture of innovation?

This Thursday we’ll discuss “Measuring an innovation ecosystem” on Innochat. Many will argue that to develop a culture of innovation you need talent, support, capital and a host of other mechanisms.

It’s such a common response that many organizations and governments around the world have created their own mechanisms to “drive” entrepreneurship and innovation in their respective ecosystems, but all their efforts don’t matter much because they lack a critical ingredient: culture.

Why? Because many don’t pay attention to culture.

Culture is not mandated, it is shaped by daily beliefs and actions. How do you shape culture?

Innovators widen their view of competition

I’m sure you’ve been in meetings where everyone worries about competition more than they worry about customers. It is a fact that for traditionally run businesses, any talk about strategy quickly shifts to competition. It’s unavoidable and it pisses me off.  Traditional business practice is based on beating the competition, which assumes that there is competition that looks and plays just like you if you are starting a business.