Podcast S4E74: Michael Raynor – Setting the right strategy for innovation and disruption

Idea to Value

In today’s episode of the Idea to Value Podcast, we speak with Michael Raynor, Managing Director for the Deloitte US Strategy group, and author of numerous groundbreaking books on innovation, including The Innovator’s Solution and the Strategy Paradox.

Why do we have difficulties to self-disrupt?

Paul Hobcraft

“Why do we always seem to have internal difficulties to self-disrupt?”. In most cases, organizations cannot self-disrupt, which is largely covered by this veritable list of constraints. They constantly under-invest in knowing the market and listening to their customers.

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Business Model Disruption: MrBeast vs McDonalds

Strategyzer

2020 has been an incredibly disruptive year for the restaurant industry with losses of over $240B in the US market alone. Business StrategySupply chains have been cut, the way people consume and order food has been turned upside down by the pandemic.

10 Disruptive Trends for 2020

Leapfrogging

Disruption is everywhere. Twenty years ago, when I started advising startups and Fortune 500 companies on their innovation strategies, a “2020 vision” served as a key staple in most business planning efforts. Emerging technologies catalyze disruption. Regardless of your industry or target markets, watch these disruptors closely. Innovation business strategy disruption fintech innovation trends

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Debunking Disruptive Innovation – Why Disruptive Innovation is Not a Strategy

Leapfrogging

Disruptive innovation has become business’ biggest paradigm. While many companies scramble to create disruptive innovation strategies, the problem is that it isn’t a linear process or methodology. No single strategy or theory (even the theory of disruptive innovation itself) has captured how it really works or how to do it. We asked him a simple question, “How do you do disruptive innovation?”. Disruption occurs.

Innovation & Strategy Conference: Driving Home Disruption

Yet2

The Innovation & Strategy Conference , held November 14 th in the hip-while-retro Innovation and Design Building in the Seaport area of Boston, offered attendees insights to corporate innovation from a wide variety of perspectives. She also gave examples of when done right, the synergy between the two entities brings success to all – even increase sales growth to both David and Goliath: Presented by Karen Madden, PerkinElmer, at Innovation & Strategy, November 2019, Boston.

Product Market Fit: is your product what the market is looking for?

mjvinnovation

What is Product Market Fit? The source of competitive advantage is disruption, and whoever manages to survive it will differentiate themselves within the invisible hand of the market. And how to survive the disruption? That’s where Product Market Fit comes in.

Business Model Strategies & Tools for Disruptive Digital Innovation

Leapfrogging

Want Disruptive Digital Innovation? Here are 5 Business Model Strategies and Tools for Strategic Business Growth. At some point every industry and every organization will face disruption. Do we need a new strategy and business model? Here are five strategies that can help anyone reign in the chaos and drive business model innovation: 1. Disrupt using data.

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Digital Disruption: In search of market leadership

mjvinnovation

Digital Disruption has had a major effect on the agendas of CEOs around the world because of domestic digital generations and because of the GAFA (Google, Amazon, Facebook and Apple), companies that have revolutionized the entire market using 100% digital solutions. Want to know more about Digital Disruption as a market practice ? What is Digital Disruption? In this context, the companies that take the lead stand out for disruptive pioneering.

Don’t Disrupt, Create Better Options

Game-Changer

I was invited to talk about disruptive innovation, but the COVID-19 virus changed that and classes and all other activities were cancelled. The main point I wanted the students to take away is that disruption isn’t about destruction, it’s about creating new products / services, new choices for more people. Nowadays “disrupt” is thrown around as if everyone is doing it. Truthfully, disruption is rare. Because disruption happens after, not during.

Breakthrough Innovation or Disruptive Innovation?

IdeaScale

A breakthrough can be an even bigger deal than a disruption. Aren’t breakthrough innovation and disruptive innovation the same thing? It’s a common question when building innovation strategy. After all, the car, the telephone, the smartphone, the electric car, the solar panel, weren’t these all breakthroughs that were also disruptive? Breakthrough Innovation Or Disruptive Innovation? Breakthrough is an inherent part of innovation strategy.

Marketing and Innovation are Inseparable

Innovation Excellence

So, how does your Marketing serve your innovation? Build Capability Consumer Innovation Innovation Leadership Management marketing Product Innovation R&D Sales Strategy Technology Creativity Customers Disruptive Innovation Innovation Management technologyDoes it define clearly and collaboratively? Does it integrate desirability, feasibility and viability in an optimal manner? Does it communicate with clarity and impact?

Accelerating Innovation During Times of Disruption

Yet2

In the beginning of 2020 business disruption was largely viewed as an “Airbnb” or “Uber” taking mind and market share from industry stalwarts. Today, business disruption is synonymous with COVID-19 closures and the corresponding economic slowdown.

Disruptive Innovation Strategy – 13 Exercises for Disrupting Thinking in New eBook

BrainZooming

Whenever we discuss using questions to foster disruptive innovation strategy , it prompts objections. The objections center on the idea that questions do not create disruptive innovation. The point these individuals (who are usually innovation experts that comment on other companies’ content without ever generating any innovation strategy content of their own) make is that a whole variety of factors contribute to disruptive innovation.

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The Secret Formula for Achieving Market Leadership

Innovation Excellence

As Jack Welch so skillfully demonstrated while he led GE, Market Leadership is the one real strategy that has long-term staying power. 2 in every market it was in, or it would get out. It was a “Market Leader or nothing” strategy, and it served GE well. Business Models Customers Design Disruption Feature Of The Week Growth Industry Innovation Leadership Management marketing Strategy Business Strategy Innovation and Strategy Market leaders technology

How to Avoid Disruption with SODA

BrainZooming

and Sam Stewart about how Av oiding Disruption Requires Rapid Decision Making. They advance a model explaining superior fighter pilot performance as a recommended way for how to avoid disruption in your markets. How to Avoid Disruption with SODA. Within a few paragraphs, the authors mention brands typically noted for disruption: Amazon, Zappos, and Alibaba. Ask which other players inside and outside your market deliver comparable benefits.

Forget Your Business Plan. Create a Strategy Map.

Leapfrogging

Instead, create a one-page strategy map. Having run the internal strategy consulting group at HP , and then consulting to both startups and big companies like Disney, Visa, Colgate, Medtronic and others, I’ve created hundreds of strategic plans. Business strategy used to be a clear and methodical process. Today’s discontinuous technologies and disruptive change have reinvented the rules of strategic planning. You create a Strategy Map.

Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

When you read a report that has within its executive summary this: “ In combination the boards stand unarmed to enter the battlefield of future business creation in a disrupted world ” it makes you want to read on. It comes as no surprise to me or many out there working to disrupt the incumbent but it makes for difficult reading that this is not addressed far more head on. It examined the role of innovation in company strategy and its strategic importance on the board’s agenda.

3 Key Criteria of Disruptive Innovation

Game-Changer

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. 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.

Agile Strategy – 16 Strategic Thinking Questions to Explore Disruptive Innovation

BrainZooming

The folks at Armada Corporate Intelligence profiled a Bloomberg Businessweek story on Fanatics , the sports apparel manufacturer and marketer, in its Inside the Executive Suite. Fanatics introduced disruptive innovation to its marketplace with an agile strategy. It also uses its agile strategy to market apparel for niche opportunities where it might sell as few as ten t-shirts. Developing an Agile Strategy.

Bowling with a Crystal Ball: Technology Focus vs. Market Focus

Innovation Excellence

Technology disrupts markets. However, when I need to decide whether to focus on a market (like Christensen does) or focus on the technology, I will focus on the technology every day of the week, and twice on Tuesday. Continue reading → Disruption Industry Innovation Management Processes & Tools Technology Business Models Creativity Innovation Management marketing Strategy technologyI agree with that.

Marketers Must Learn to Anticipate Content Trends

Daniel Burrus

What’s Next in Target Marketing? . Using the systemic method outlined in my Anticipatory Organization Model , you can ready your organization for the disruptive transformations ahead. If you use my Hard Trends Methodology to look ahead to the future of marketing, you’ll be able to anticipate the fast-moving innovations to come. The post Marketers Must Learn to Anticipate Content Trends appeared first on Daniel Burrus.

Silicon Valley’s Next Target: Disrupt the Construction and Real Estate Industries

Leapfrogging

‘Construction Tech’ and ‘Real Estate Tech’ are the next greenfield market spaces. Every industry, every company, and every leader must recognize one simple fact: every product, service, process, and business model will be disrupted–it’s just a matter of time. There’s no hiding from disruption. He has been recognized by the Thinkers50 as one of the world’s top keynote speakers and thought leaders in business strategy and innovation.

Top Strategy and Innovation Books of 2019

Innovation Excellence

The best strategy & innovation books deliver new insights, examples and tools for reinventing business. I’ve recently written about the disruptive change and innovation upending markets like product packaging, travel and hospitality, management consulting, construction, healthcare, and manufacturing. Book Review Innovation Strategy best books on innovation Inspiration

When Disruptive Innovation Gets Disrupted

Legacy Innovation Group

When Disruptive Innovation Gets Disrupted. In fact, it will be the most disruptive innovation in this product category in decades. It goes like this⃜ while the technology to implement the disruptive innovation exists and integrating that technology in and of itself is clearly achievable, doing so creates major new hurdles arising from inherent system interactions with your other embedded technologies. Apr 04, 2014 | Anthony Mills.

How Benchmarking Against Market Leaders Can Drive Business Success

Leapfrogging

Even worse, your business may end up being disrupted by the next big innovation that comes on the market. Benchmarking can be extremely helpful, as it allows the organization to better understand not only how their competitors are performing, but also what procedures or strategies are being used to accomplish such high performance. You want to look at benchmarking yourself against leaders in your market but also market disruptors and laggards.

The Essential Connection Between Strategy and Innovation

Paul Hobcraft

Most organizations are seeking solutions to the necessary connections between Strategy and Innovation. Often it is within the strategies that should be outlined, lies the potential new spaces to play for innovation’s design. If you have a clear strategic understanding of the needs of the business you are getting more of the understanding of where-to-play and how-to-win in your innovation activities and market investment. Strategy informs”.

“Decouple” the Value Chain to Drive Digital Disruption

Leapfrogging

“Decoupling” the value chain is the next big strategy for digital innovation and business models. Digital disruption isn’t just about the internet or mobile technology. I recently had a chance to connect with Harvard Business School professor, Thales Teixeira, whose most recent book, Unlocking the Customer Value Chain , highlights the dynamics of “decoupling” and why it will drive even more disruption than we’ve seen in the world.

Future-Proofing Financial Market Innovation – Fighting Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

Plan for the Unseen Disruptions to Your Business…Now.

Adam Hartung

Market disruptions first appear as potential threats: a new product here, a start-up there, a bit of research further along. Innovation Marketing Strategy Trends cisco disruption flip Lumina Microsoft monitor nokia threatsHow do you find them? Implement a threat identification and monitoring system and be aware!

3 Strategies to Optimize Innovative Product Development

Entrepreneur - Innovation

By tweaking a few parts of their overall strategy, companies can optimize innovation and position themselves for market disruption. Innovation is crucial for any company to survive and grow in the near and long term. Innovation

Positive Disruption using Hard Trends and Soft Trends

Daniel Burrus

Strategies based on uncertainty come with high levels of risk, but strategies based on certainty dramatically reduce risk and produce superior results. In part thanks to having guaranteed sales by partnering with the large school districts, she cornered the market and successfully developed and supplied the online reading products by the required deadline. Remember, strategy based on certainty has low risk and high reward. Paying attention to a certainty is a strategy.

Is a Disruptive Business Model Beyond Your Brand?

BrainZooming

The strategy change is dramatic and a disruptive business model, but hardly a surprise. The tiered services levels, with additional free options beyond $15,000 and $100,000 in investments, suggest a blatant share growth strategy. Thinking about a Disruptive Business Model for Your Brand. How does a company without disruptive innovation in its corporate DNA imagine its own disruptive business model? Benefits, Capabilities, and Adjacent Markets.

Is it REALLY disruptive? It matters.

Innovation Excellence

At the recent ISPIM conference, I sat in several presentations ostensibly describing approaches to disruptive innovation when, in reality, it was difficult to see what (a market or a company) was actually being disrupted. Disruption Growth Innovation Leadership Product Innovation R&D Strategy Disruptive Innovation growth Innovation Management

Why No-Code and Low-Code Software Is the Industry Disrupter You Should Pay Attention To

Leapfrogging

A massive transformation faces the software industry, similar to the disruption we’ve seen hit other industries like health care and manufacturing. But, unlike other transformations that destroy existing markets, low-code and no-code software promises to make software itself even more ubiquitous than it is today. That said, understanding the market and the implications of no-code and low-code software will be important whether you’re in the software industry or not.

Silicon Valley’s Next Target: Disrupt the Construction and Real Estate Industries

Innovation Excellence

‘Construction Tech’ and ‘Real Estate Tech’ are the next greenfield market spaces. Every industry, every company, and every leader must recognize one simple fact: every product, service, process, and business model will be disrupted–it’s just a matter of time. Innovation Leadership Strategy Real Estate

Building the Innovation Business Case

Paul Hobcraft

The next group of factors to consider is making the clear assessments of competition, outlining the tactical moves to be considered market attractiveness, the ability to execute and what business model does the business case take to provide the fit and attract the commitment.

My fridge can disrupt your Bank

Matthew Griffin

If you and I sat down to have a drink together and I asked you to describe your customers to me I’d be very surprised if you didn’t describe a flesh and blood person, consequently when your organisation is drawing up its five year strategic plan we could say that your limiting growth factor is the total number of people in any given market and your ability to get them to adopt your organisations products and services.

Can Windows 10 Disrupt Android and Get Microsoft Back in Handset Game?

Braden Kelley

Microsoft Tries to Disrupt Mobile Phone Market I came across an article on Mashable recently highlighting a new Microsoft experiment. It highlights something that Microsoft has prototyped to test as part of their strategy to regain momentum in the mobile … Continue reading → Apple Strategy Technology Android Google iOS iphone Microsoft mobile Windows 10

How to Think Like a Disruptive Innovator

The Future Shapers

How to Think Like a Disruptive Innovator: Surviving the Exercise in Masochism. So here is the dirty little secret about being a disruptive innovator: it is lonely work. They have elected to move ahead of the pack – or to go off in an entirely new direction – in their quest to bring their contributions to market (more on this shortly). At a core level, disruptive innovators do harbor a need and desire to make a meaningful contribution. Culture Intelligence Strategy