Business disruption is unpredictable in one sense, but in another we know it’s coming. We just don’t know exactly what it will look like and how its characteristics will undermine the business models that have brought about the success that firms have enjoyed until now. Incumbent firms face not only…
Many business leaders are at a loss. When do you disrupt your business? I stand and submit that a digital business is truly a people-driven business. In the age of digital disruption, businesses need to reinvent themselves and re-focus on their raison raison d’etre: the customers. Without customers, there is…
What are the traits of an authentic digital business? If I made a dollar for every time I’m asked what a true digital business is, I’d be a millionaire. Alright, I’m exaggerating. Seriously speaking, I have made it my goal to educate businesses about digital strategy and transformation. While there’s…
Company culture is a critical success factor in digital transformation initiatives, and digital transformation impacts three areas of opportunities, in their order of importance: people, process and technology. Unfortunately, between IT organizations and their respective consulting partners, the focus has almost always been the last – technology. Why?…
Not so long ago, CxOs could see the competition coming and they knew who and what to look out for. But that was yesterday’s world and things have changed. Now the competition is often invisible until it’s too late. Invisible, laughable and utterly unthinkable that a group of casually turned out…
To explain how the Digital Vortex is the inevitable movement of industries toward a “digital center” in which business models, offerings, and value chains are digitised, the Global Center for Digital Business Transformation (DBT Center) published Digital Vortex: How Digital Disruption Is Redefining Industries in June 2015.
Over 40% of CEOs are at least somewhat concerned about their current business model, while 74% are also concerned about new competitors disrupting their business model. That said, it must be worrying for investors to learn that despite these concerns, 71% of CEOs believe their company will be largely…
A lot has happened to the car industry since Ferdinand Verbiest built a steam-powered vehicle around 1672 as a toy for the Chinese Emperor. As this report explains, new entrants and technologies are poised to upset the entire value chain, with a completely different business concept. Yesterday…
In an article called The Now, The Cloud and the Crowd, Stephane Dubois touches upon the fintech revolution and explains that never before has the war been so drawn out and heated. The innovation gap on Wall Street is being called out and the industry…
It is tempting to dismiss disruption as yet another business fad, but nothing could be further from the truth. Disruption is going force thousands of healthy large companies into the history books because they suffered from complacency and a naive confidence that they could not possibly find their business threatened by…
While we sit back relaxed and witness the taxi industry being disrupted and Uber being one step closer to picking you up in a self-driving car, have you thought about who will unexpectedly disrupt your company’s comfortable ride? Perhaps an unknown start-up in a small shared space…
While the word “Digital” has become another buzzword, it is only the first of 6 D-words involved in disrupting industry after industry. Listen to Singularity University Co-Founder Peter Diamandis describe the 6 D’s: Digitalization Deception Disruption Demonetization Dematerialization Democratization Then ask “what is my company doing like this?”…
