Disruption detection—for good or bad
/Disruption is one of those words—like innovation—that’s bandied around all too loosely.
As both disruptor and disruptee, allow me to offer my definition.
Disruption(n)—a tectonic shift in your environment that changes fundamental assumptions about your market and/or your operating environment.
OK—nothing dramatic, but something we can work with.
Notice one thing I deliberately leave out? Whether or not disruption is a threat to you, or an opportunity for you.
If it’s a threat, you need to recognize the weak signals and respond when they appear. If it’s to be an opportunity, you can take advantage of 20-20 hindsight and learn from the experiences of others beyond your industry.
Blockbuster invented video on demand but turned down a deal for Netflix. 14 years later, Netflix was on a 10-year run as the hottest stock on the planet. And Blockbuster closed it’s last 300 stores.
I recently held a disruptive session with 40 CEOs where we discussed three Principles of Disruption. You can watch it here for a deeper discussion and some valuable contributions from those CEOs.
Don’t be a Dodo
Disruption is one of 9 principles of digital resilience.
Does your business:
Fear disruption?
Embrace disruption?
Ignore it?
Whatever your answer, pick up a copy of my complementary paper Building a robust business with Digital Resilience, take a read, and watch the video. The weak signals and hindsight might ring some bells.
Podcast Bulletin
Delighted to have been on this weekend’s HRPowerHour on WLOB News Talk Maine. You can find a recording here https://hrpowerhour.com
Trusting Technology is a book about forming ideas, exploring opportunities with customers and colleagues, and building your future together. Order your copy here.