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. Now that is an interesting question.

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Disruptive Innovation: What it is and why it is crucial to your innovation strategy | Types of Innovation

Pondr

Disruptive Innovation; what it is, why understanding the theory is crucial and the importance of implementing an ideation strategy in staying one step ahead

Bitcoin and Blockchain: A Small Glimpse Into Big Digital Disruptions

Daniel Burrus

For those interested in digital disruption and technological advancements , Bitcoin represented so much more than a way to allegedly make money fast like some type of digital wolf of Wall Street. Trust me when I say it will be far more disruptive than Bitcoin ever had the chance to be.

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. He has been recognized by the Thinkers50 as one of the world’s top keynote speakers and thought leaders in business strategy and innovation.

Trends 109

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.

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.

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.

DISRUPT YOURSELF, TEAM AND ORGANISATION

ImagineNation

Whether you actively seek to disrupt yourself, your team, and your organisation to effect sustainable success in the new year, or not, we all need to face, adapt and learn from the range of challenging disruptive events that impacted us in the past 12 months.

104 Possibilities to Disrupt Your Brand Strategy

BrainZooming

A similar phenomenon applies to brand strategy. But all the while, competitors or market forces you may not even suspect are disrupting your place in the market. While success can breed success, it can also lead to blindness about the importance of trying to disrupt your brand strategy before something else comes along to topple your brand. 104 Possibilities to Disrupt Your Brand Strategy. 13 Exercises for Disruptive Business Strategy.

Six Insights for Innovating Amid Disruption

Yet2

In many ways 2020 defines the idea of disruption: the entire world went into lockdown, markets fluctuate, and every university and R&D department raced to innovate. These funds must be ready and available when the disruption hits. We will continue to be surprised by disruptions.

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.

Tools 122

10 Strategies for Leaders to Drive Disruptive Change

Innovation Excellence

Shawn Hunter's ten strategies that he outlines in his class book "Out Think" for driving the disruptive innovations that entrepreneurs and startups all dream about: Build Capability Disruption Growth Innovation Leadership People & Skills Strategy book review startupsHere is my summary and interpretation of author G.

Digital Disruption: A Multi-Generational Mindset

Daniel Burrus

Being anticipatory is a multifaceted offense in a world of rapid digital disruption. Yet it is important to remember that being anticipatory also requires you to be aware of disruptions from others that may impact you and knowing how to prepare accordingly.

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.

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.

eBook 63

The Gremlin Strategy, or How to Ward Off Disruption

Matthew May

One of my all-time favorite stories is the one he told about the Pathfinder team’s approach to a “don’t fail” strategy. Brian would begin his story with how he was personally disrupted, in fact blindsided, by, of all things, one of his daughter’s kindergarten projects. Enter what I call the “Gremlin” strategy. It turned out that Dave Gruel had a real flair for the role, and spent his days and nights devising ways to disrupt the project.

Forget Your Business Plan. Create a Strategy Map.

Innovation Excellence

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.

Anticipation: Foresee Disruption and Find Opportunity

Daniel Burrus

Rather, it’s an effective strategy to uncover different opportunities by identifying innovative ideas that counter what most consider conventional thinking in the moment.

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.

Use Anticipation to Turn Disruption Into Opportunity

Daniel Burrus

Now, not everyone has it in their homes because YouTube TV, Sling TV, and other new, emerging technologies have disrupted the broadcast industry. Why did they become the disrupted and not the disruptor? The fact that most of us are all busy, focused, and needing to meet or exceed our quarterly numbers keeps us from looking far enough ahead in our industries to see disruption. A key to success for a company that’s facing disruption–adopt a strategy of embrace and extend.

Leading the Charge to Disrupt Your Industry

Innovation Excellence

Richard Jupe, Vice President, Innovative Product Development, Altria: Richard got to the point, fast: Altria’s strategy: reduce risk and expanding choice. “We Business Models culture Disruption business model disrupt Duel Engine Model Innovation

Career-Long Lessons from a Once-in-a-Lifetime Disruption

Daniel Burrus

For some, the post-coronavirus “new normal” is a frightening concept that rattles their status quo, while others are taking this moment to seize new opportunities afforded to us by a global disruption, as COVID-19 has proven to be.

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. From this exercise, you can develop a better sense of areas primed for disruption.

Artificial Intelligence: Disruption or Opportunity?

Daniel Burrus

The post Artificial Intelligence: Disruption or Opportunity? Innovation Leadership Strategy Technology Transformation Trends 2019 AI Anticipate anticipatory Anticipatory Leader Anticipatory Organization Artificial Intelligence Burrus Burrus Research Cognitive Cognitive Computing development Disruption Disruptor evolution Hard Trends humans IBM IoT Machine Learning machines opportunity predicition presolve progress Solutions transformational Watson weather

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.

Forget Your Business Plan – Create a Strategy Map

Innovation Excellence

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. Innovation Leadership Management Strategy Business Strategy change management disruption

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.

3 Reasons Companies Welcome Disruption

Daniel Burrus

A central component of the Anticipatory Organization model is disruption—more specifically, how Anticipatory Organizations and individuals can look at disruption and see enormous opportunity. Leveraging disruption could produce a revolutionary new product or service, lead to a significant improvement on an existing model or any number of advancements. If you’re in an industry that is starting to feel stale, it might be a sign that a disruption is needed.

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

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. Along with the recap, Inside the Executive Suite offered sixteen strategic thinking questions inspired by the Fanatics case study that you can use to explore agile strategy options within your own organization. Developing an Agile Strategy.

Decouple the Value Chain to Drive Digital Disruption

Innovation Excellence

“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. Innovation Management Strategy disruption unbundlingIt’s about the digitally-driven business models that forever transform business as usual no matter what you’re doing. I recently had a chance to connect with Harvard Business School professor, Thales.

Top Strategy and Innovation Books of 2019

Innovation Excellence

The best strategy & innovation books deliver new insights, examples and tools for reinventing business. Book Review Innovation Strategy best books on innovation Inspiration

Innovation is Not Necessarily Disruptive

Game-Changer

Some people quickly commented that disruptive and radical innovation is rare and that 99% of established organizations really pursue incremental innovation: @PaulBromford @jorgebarba Good post, but I would suggest that it focuses on the radical disruptive end of the spectrum. Not radical or disruptive. There is a common misconception that all innovation is and should be disruptive; it isn’t.

Anticipating disruption by preparing adaptive pathways to respond

Paul Hobcraft

disruptive innovation pathway options. By being proactive, anticipating and structuring the options ahead you can be more prepared for disruption, you can respond with more thoughtful reactions. Also it is valuable to begin to prepare and cost out different decisions ahead to be ready, have these fleshed out, then discussed across the people involved in those disruptive force decisions so you are ahead in your thinking on how to respond.

The Travel & Hospitality Industry is Being Disrupted, Again.

Leapfrogging

Airbnb disrupted hotels. Now big travel and hospitality companies are going after the next disruptive innovation themselves before getting blindsided yet again. As part of a new series of articles I’m writing called Everything Transformed , I’m focusing on the widespread disruption of just about every industry on the planet. So what are the big bang disrupters on the horizon? Uncategorized innovation strategy

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

Leapfrogging

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. When I see certain industries lagging to respond to the dramatic change surrounding us, it’s a clear sign that disruption of the entire industry–usually imposed from outside of it–isn’t far away.

Here’s Why Your Innovation Strategy Will Fail

Digital Tonto

Many organizations get stuck because they end up locking themselves into a single strategy. That's how they get disrupted. All Posts Management Innovation Innovation Matrix Leadership StrategyRelated posts: There Is No One True Path To Innovation. Apple’s Innovation. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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.

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. Innovation needs a much stronger alignment to strategy, they need connecting far better. on’ effects and create a mismatch between solving an interim problem and causing disruption to the longer-term direction. 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.

Will Blockchain Disrupt the Healthcare Industry?

IdeaScale

Insurers, private doctors, hospitals, pharmaceutical companies, researchers, and others will need to determine whether and how they’ll have access to this data, and any innovation strategy will have to consider how these stakeholders overlap. It’s only a matter of time before innovation strategies will need to consider medical blockchain technology, and where it might take the industry. The post Will Blockchain Disrupt the Healthcare Industry?