Five Essentials for Your Disruptive Innovation Radar

Five Essentials for Your Disruptive Innovation Radar

No matter where we look across our businesses we see technology driven change and transformation opportunities. There are challenges to business models, new operating models on the horizon and disruptive competitors knocking on our customer’s doors. And, of course, where we find challenges, we find options for growth. For leaders, however, the challenge is not necessarily responding to this disruption – it’s predicting it. Now, I know what you’re thinking … disruptive innovation or change is disruptive precisely because it cannot be predicted. And while this is true to a certain extent, it’s equally true that disruption doesn’t come from nowhere. There are trends, pressures, movements and shifts that help us see them in advance. And this is why you need a disruptive innovation radar. Here’s what I mean. For leaders, it’s essential to cultivate the entrepreneurs mindset – and this means finding ways and means of stepping, and staying, outside of our natural comfort zones. Here are five ways to do this: Keep a watching brief on the new: Stay curious by observing, watching and listening to the early adopters within your network. Better yet, take a single step beyond your network – to a colleague of a colleague – and arrange a meeting, coffee or get together. Learn what is happening on the fringe of your business consciousness. Seek the problem worth solving: Not all challenges that you uncover in your business life will be worth pursuing. Find the problems that appear intractable. Look for the challenges where teams continue to fail. When you find a customer opportunity wrapped in a problem worth solving, you’re on the...
The Entrepreneur’s Mindset – Finding the Comfort in Discomfort

The Entrepreneur’s Mindset – Finding the Comfort in Discomfort

Anyone that knows me, knows I love food. When I travel, I seek out textures and flavors. It’s exciting to learn how experiences and cultures intermingle – how the taste of the same dish delivered on opposite sides of the world changes. For example, those of you who have traveled to Japan, know that edamame can vary not just from restaurant to restaurant – but also from city to city and country to country. The edamame I get from my local restaurant is very different to that served in downtown Tokyo. When we travel, we carry with us an expectation, that our favorite foods will be the same, but different. We know this is the case and in most cases we are fine with this. We take that risk – and we take it because we know and understand the reward that comes with the risk. It’s in the food, its flavor and the experience of eating in a new, unexplored place. The risk is very much part of the experience. And as someone who travels a great deal, I have become increasingly fascinated with the power of our own thinking, with our mindset and how it can transform not just our business or our experiences. It can, in fact, change our worlds. As leaders, we are well versed in risk management. We are constantly balancing risk and reward on behalf of our businesses, stakeholders and shareholders. We build processes and governance on the one hand, to help manage risk at an organizational level, while on the other, we seek and push the limits of growth to drive business...