Tag Archives: competition

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?

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.

Why is competitive advantage temporary?

competitive advantage is temporary

An often asked question. Yet, there are those who think that competitive advantages are everlasting.

Competitive advantage, it seems to me, has become an instrument of finance. As in, how can our company accumulate hoards of cash to become sustainable?

The defining metric for said advantage is profits. That is a mindset, I believe, of playing not to lose.

Accumulating a war chest of money doesn’t mean you will outlast the next wave of change, you have things upside down, for an investment in innovation is an investment in your future.

Hop off the bandwagon

What argument can you win?

Hop off the bandwagon

There are 2 kinds of warfare: asymmetrical and stupid.   —DR. CONRAD CRANE, DIRECTOR OF THE U.S. ARMY HISTORICAL SOCIETY AND AUTHOR OF THE U.S. ARMY/MARINE CORPS COUNTERINSURGENCY FIELD MANUAL

I have a client who competes with Starbucks. Or at least that is what they think. I don’t think they do because they have no argument to win. What is Starbucks good at? There are other factors at play, but these are the main ones: They fill the middle between your home and work, and they are also known for making good enough coffee.

These are not attributes where my client can make a confident argument that they can win. And my client can’t just turn itself into a roaster. And it shouldn’t.

So what to do? The answer is simple but difficult: You do what the other guy can’t or won’t.

Innovation must reads of the week: Innovation failure starts at the top

Innovation must reads of the week: Innovation failure starts at the top

Storified by Jorge Barba · Sat, Dec 08 2012 15:26:31

#Innovation failure starts at the top http://wp.me/p10V0m-1clPaul Hobcraft
RT @JurgenLACoach The Science of Storytelling: Why Telling a Story is the Most Powerful Way to Activate Our Brains http://zite.to/TPYTgIRalph-Christian Ohr
Leaders do the right things. Managers do things right. #Innovation needs more leaders. http://innovateonpurpose.blogspot.com/2012/12/managers-are-for-efficiency-leaders-are.htmlJeffrey Phillips
To Change the Culture, Stop Trying to "Change the Culture" http://s.hbr.org/YVRvqMHarvard Biz Review
New blog post: Your Competition is Never "No One" http://buff.ly/Syrn02 #innovationTim Kastelle
People First, Processes Next, Then Ideas – the right order for innovation! http://ow.ly/fUe1EStefan Lindegaard
In a fragmented world, go deep http://dlvr.it/2bpKCYNilofer Merchant

If you like these links, check out all the previous “Innovation Must Reads of the Week“. And don’t forget to

Why creating new categories is so successful

Creating a new category. The Holy Grail of Innovation. The Holy Grail of entrepreneurs. It’s when you can create a new category that you command the skies. Think of the iPad. Is it a new category?

It is. But not because people think it is, but because Apple defined it as such. Experts characterized the iPad as a tablet, but customers did not. That’s all that matters.

Other examples of category creation exist. For example Gatorade created the sports drink category. Chrysler created the minivan. Toyota created the Prius. Each had a good amount of time before any competitor entered the space.

So why is it that you should embrace creating new categories?

4 Innovation Lessons from the Miami Heat

English: Lebron James: Dunking Washington Wiza...

Image via Wikipedia

If you’re a fan of basketball, competition and innovation, you will enjoy this. Before the start of the NBA season, ESPN published a fascinating article about how the Miami Heat’s offense will be reinvented. As you might remember, the Heat lost to the Dallas Mavericks in the last year’s NBA Finals.

After the loss, the Heat’s Head Coach, Erik Spoelstra had a lot of time to think about how we would reinvent his team. His answer: Study the Oregon Ducks spread offense to see how he could apply the same principles to create a fast-paced basketball offense.

How might an offense that’s powered by dynamic players be reinvented?