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One of the most influential books of my career is The Innovator’s Dilemma by Clay Christensen. Many people bandy about the definitions of “disruptive technology&# or “the innovator’s dilemma&# without ever having read the book and almost universally misunderstand the concepts.
For years, the prevailing narrative for innovation in supply chain has focused on the disruptors: Upstarts that enter the industry with new technologies and business models to displace incumbents. For these industries, digital enablers, rather than disruptors, constitute the next wave of supply chain innovation.
Siegel’s recent book, THE BRAINS AND BRAWN COMPANY: How Leading Organizations Blend the Best of Digital and Physical , explores how (and why) many business owners in digitized industries overlook and underappreciate traditional competencies like logistics, manufacturing, customer service, and quality control. Can you tell us more?
Every day, we meet on Zoom not only to discuss pressing issues impacting our business, but also to bond over books we’re reading and television shows we’re watching. Meanwhile, it’s incumbent on you as the CEO to create an environment that encourages action-oriented behavior. Communicative.
Try to imagine if you *didn’t* already know Amazon and the company walking into VC meetings telling people they were going to disrupt the selling of all goods starting with books but then extending into electronics, apparel, toys and so forth. Innovation. How valuable are these legacy businesses? And they have. ” Ha.
I have always loved watching videos there but always believed that any company controlled by a consortia of interests would be doomed in the long run – especially by established, large incumbents with an interest in protecting the past more than innovating the future. Boxee was created to give us this experience.
– Startups booking sales to other startups laundered the money flood and called it “blitzscaling”. The money fountain is sputtering just as the first real innovation in a decade roars into view. Will selling AI tools to incumbents prove more valuable than “full-stack” competitive attacks? The tide will keep going out.
They point out perceived market risks, they might question the management team’s experience, they might worry about regulatory risk or incumbent competitive powers. .” So other partners at the firm might sling mud at your ideas as you go for approval on an investment.
Starling — which competes against incumbent banks, as well as other challengers like Monzo and Revolut — said it will be using the money to continue its growth. Starling Bank founder Anne Boden says new book ‘isn’t a memoir’ Challenger (neo) banks have been some of the biggest winners of evolving consumer habits.
For new entrants looking to take advantage of the advent of LLMs and disrupt the status quo by going upstream of these incumbents, we’ve done a deep dive into Bloomberg, Morningstar, and Verisk’s stories. In doing so, each built the beginnings of what are now category-defining businesses.
At GLC, he will address the rapid pace of change, innovation and disruption facing us all?and In partnership with Forbes, Brody produced a documentary series and is writing The Great Re:Write , a book based on it. Reinvent your incumbent enterprise before you’re disrupted by another, or you risk becoming obsolete.
While certain categories such as coworking, alternative accommodations, “ibuying”, brokerage, and construction (among others) have adorned the front pages of leading media outlets, we are still very much in the early innings of innovation in the space. The real estate trends have also shifted in parallel to accommodate these preferences.
Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation.
We think a ton of innovation is going to come from these companies. There’s knowledge that people have in their heads that is not on the internet and is not in any book. You know, incumbents versus startups. But it’s a real problem for the incumbent, because they can’t compromise their brand. Yeah, yeah.
The one thing I would say about Draper Esprit is that we are trying to be innovative. Talking about innovation in venture capital models, what’s the main motivation for your use of retail investment platform PrimaryBid? In a perfect world, the answer is no, because realizations equal investments, so you are self-sustaining.
But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In other words, it wants to help fintechs be in a stronger position to compete with incumbents, something it believes will benefit consumers.
Fintech startups are convinced that banks have lobbied the RBI to reach this decision, employing the age-old tactic where incumbents cry foul and rely on the regulator to rescue the day. India’s credit bureau data book is thin, making most individuals in the South Asian market unworthy of credit. ” the founder added.
.” He added, “It’s a model of how open government data can drive new innovations and successful startups. And in all those cases, big old incumbents like ICC will try to find ways to slow down their new competitors.” We need new technology and innovations to keep up with the growing demands of these regulations.”.
“Investors are putting a premium on growth in the context of profitability, and we’re growing exceptionally fast because we’re able to profitably serve customers who aren’t being well served by incumbents,” said Sean Harper, CEO of Kin.
The next wave of supply-chain innovation will be driven by startups that help incumbents win. The investors, in turn, see a future where the Cofactr team can put a dent in how electronics are manufactured. In addition, it made an investment in Flux, which operates in a similar space, last year.
I have spoken and written extensively about this going back to a post on labor rights (2014) and my TEDxNY talk (2015), several subsequent blog posts , and my book World After Capital. This has massively reduced the power of incumbent banks, allowing for rapid innovation in the banking and payments sector.
How An Algorithm Transformed The Music Industry And Created The Mobile & Social Web As the music industry recently announced its first annual revenue growth after 15 years of uninterrupted contraction, I thought it was a good time to share some of the things I learnt from reading Stephen Witt’s book How Music Got Free.
Quick thoughts : Innovation in Africa’s B2B e-commerce and retail space has been around the digitization of processes and BNPL services, but not much around cash overdependence and fraud. The only worry is incumbents might want to eat into Duplo’s meal — but then again, the market is massive.
Ones that offer amazing value (low relative margins) at high volumes that makes it nearly impossible for high-cost incumbents to compete. It is a classic case of the Innovator’s Dilemma in practice. How does the incumbent respond? That is what Clay Christenson defined in his book as “The Innovator’s Dilemma.”.
Trying outrageous new things or even trying mundane things but in new ways but with extreme quality & innovation is what fuels the tech startup industry. How much money will airlines companies, hotel companies or event companies pay me as a referral or for booking? How much ad revenue does TripAdvisor make? Market Structure.
Innovator’s Dilemma – In his seminal book, “The Innovator’s Dilemma,&# Clay Christensen talks about why industry leaders almost always fail to act when “disruptive change&# enters their business. Incumbents can’t react. So why on Earth should Netflix split into two businesses?
“It’s the classic innovator’s dilemma.” This is a huge business, typified by incumbent behemoths like Lloyd’s of London, who in theory mitigate the risk insurance companies face when they get the formula wrong. “The industry hasn’t updated,” he said. That can be a truly life changing thing.”
Jill LePore’s New Yorker polemic “ The Disruption Machine ” attempts to debunk the incredibly popular Innovator’s Dilemma, a theory written by HBS professor Clayton Christensen. ” In his book Antifragile, Taleb expands this theory to all of human development. The Lindy Effect works until it doesn’t.
In this fireside chat from the American Dynamism Summit , a16z Cofounder and General Partner Marc Andreessen sits down with economist, podcaster, and polymath Tyler Cowen to discuss the state of innovation in America, from recent AI advances to growing support for nuclear power. It essentially does a search. And so I would put that in there.
Remember to book your tickets to the show today before prices go up $1,100. . Nothing drives tech innovation like sex. Today, the changed funding landscape and uncertain global economic outlook pose new challenges for space operators looking to turn their innovative technologies and concepts into sustainable businesses.
We should be looking at China for the real innovations now. I got very lucky early on because someone introduced me to a book by David Goldhill called “Catastrophic Care.” ” What’s interesting about the book is David’s an outsider. It’s a fun interesting conversation. I like healthcare a lot.
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