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Are You Future-Proof? Preparing for Technological Disruptions

Phil McKinney

We live in unprecedented technological advances, and with these advances come disruptions that can significantly impact our lives and businesses. Technology is profoundly changing how we work and live, from automated manufacturing to artificial intelligence. The Impact of Not Preparing for Disruptions.

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7 Must-Read Books on Innovation Strategy

IdeaScale

Deciphering Innovation: How Disruption Drives Companies to Transform or Die by Lisa Hendrickson and Jim Colwick . Disruption” is becoming an empty buzzword, but it remains true that small companies with big ideas can, and ultimately will, upend almost everything we currently think of as the rock-solid order.

Strategy 178
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Innovators in FMCG love Direct to Consumer

Destination Innovation

In 2010 the Gillette brand which is owned by Proctor and Gamble held 70% of the US market for razors. All that has changed with the internet and the DTC business model. Warby Parker was founded in 2010 by four friends from business school. Its market share has now slid to around 50%. They are Harry’s and Dollar Shave Club.

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Disruptive Innovation: SpaceX

Collective Innovation

When they got started innovation in the rocket industry had changed very little in the last fifty years. The disruptive nature of SpaceX is firmly rooted in cost and re-usability. In order for a new company or product to be disruptive it almost always needs two or more of the following attributes: Saves money. Saves time.

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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

2008), or, more simply, the value proposition (Teece 2010). A business model innovation is defined as the conscious change of at least two dimensions of the introduced “Magic Triangle”. According to the degree of innovation, innovations can be divided into evolutionary and disruptive innovations.

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Disruptive Innovation: Drones

Collective Innovation

The Federal Aviation Administration and the US Department of Transportation have made significant changes in the regulation of drones, so the commercial use is more convenient, and there will be more drones whirling through the air. The story of drones is much like the story of any other disruptive innovation.

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Do Healthcare Institutions Need a Chief Innovation Officer?

InnovationManagement

Everyone wants to think that their innovation program is going to change the world and that feeling persists, because successful innovation programs can have enormous real-world returns. life expectancy.”.