Prepare for the Future: Disruption Strategies for Growth and Competitive Advantage
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Slides from a 10/29/13 conference on using disruption for competitive advantage.
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Prepare for the Future: Disruption Strategies for Growth and Competitive Advantage
- 1. Prepare for the Future: Achieving Growth and Competitive Advantage Erin Liman Innovation is Social, LLC
- 2. Disruption Can Come from Anywhere Natural disasters Accidents
- 3. Disruption Can Come from Anywhere Intentional Attacks : Square New Technologies : 3D Printing
- 4. How Do You Prepare for Disruption? Know your blind side Gather diverse perspectives Hack your business
- 5. I. Know Your Blind Side
- 6. Four Ways of Seeing the Problem The Fact Finder The Options Generator The Consensus Builder The Action Taker
- 7. Four Ways of Seeing the Problem The Fact Finder Analysis Paralysis: How much data is enough? The Options Generator Knowing when to converge and move forward The Consensus Builder Balancing engagement with expediency The Action Taker Ready Fire Aim – May not be solving the right problem
- 8. We Like People Like Us
- 10. II. Gather Diverse Perspectives “The Lonely CEO” The higher you advance, the less truth you hear
- 11. II. Gather Diverse Perspectives • Cultivate Trust Who’s unafraid to disagree with you and tell you the truth?
- 12. II. Gather Diverse Perspectives • Cultivate Trust Hierarchical culture trumps strategy August 6, 1997: Korean Flight 801
- 13. II. Gather Diverse Perspectives • Cultivate Trust Hierarchical culture trumps strategy Culture eats strategy for breakfast Peter Drucker Management Consultant
- 14. II. Gather Diverse Perspectives • Cultivate Trust • Control Reactions How you respond to bad news will impact whether you hear the truth or the sugarcoated variety.
- 15. II. Gather Diverse Perspectives • Cultivate Trust • Control Reactions • Touch Down Create opportunities for exchanges between leaders and the front lines.
- 16. II. Gather Diverse Perspectives • Cultivate Trust • Control Reactions • Touch Down • Find the Experts Who are the answer people in your organization? How do you find out?
- 17. III. Hack Your Business Hacker mindset: examine the whole system and look for vulnerabilities.
- 18. III. Hack Your Business - IKEA IKEA hacked on 3 fronts: business model, offering and customer experience.
- 19. III. Hack Your Business – How To Internal Activities Exercise: “Kill the Company’ (Wharton) Engage employees from all levels and functions in figuring out ways to kill your business. “Incumbents are rarely disrupted by new technologies they can t catch up to, but instead by new business models they can t match --Aaron Levie, CEO box.com
- 20. III. Hack Your Business – How To External Activities 1. Thought leaders 2. Conferences 3. Open innovation 4. Countries who are leapfrogging older infrastructures (e.g., with mobile) 5. Other industries
- 21. Preparing for Disruption and Growth Know your blind side Gather diverse perspectives Hack your business
- 22. Thank You!