There is no shortage of ways to come up with entrepreneurial ideas, ways of doing something better, ways of thinking, approaches to problem solving, etc.. Companies are started everyday, most are copycats of what already exists, of what is hyped, of what already works.
Throughout the school year a university in Mexico, Cetys, invited experts from outside to come to campus and talk about different topics to its students. I was invited to talk about disruptive innovation, but the COVID-19 virus changed that and classes and all other activities were cancelled.
Photo by Esther Lin
Every business misses the future and gets disrupted by an outsider. This happens because the incumbents are stuck in their ways, doing the same thing over and over again and never zoom out to take a look at the macro view.
This happens everywhere, including domains where you least expect. Case in point: the fight business.
Just a few hours before sitting down to write this post I was in a meeting were a group of people pitched themselves as disruptive, they aren’t, but people on the other end of the table soaked it all in. Why? One, the misconception and another is disruption is good PR, there isn’t a day that goes by where some new upstart describes itself or is described as disruptive.
The truth is not all innovation is disruptive. How can you tell what has the potential to be disruptive? …
40% of today’s Fortune 500 companies will be gone in ten years:…
in Innovation
With the inevitable rise of entrepreneurship and startups driving customer innovation, incumbent companies have begun adopting some of their techniques to either catch up or really stimulate transformation within the enterprise.
A recent report by BPI Network called “Start-Up Innovation: Inspiring Business Transformation,” examines the impact of digital disruption on global enterprises and markets.
The research report is based on an online survey of more than 250 enterprise business leaders and innovators across North America, Europe and Asia.
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……