Disruption, Delusions and Defenses
News you want to use week 34.
A while ago I read an interesting piece from Henderson Institute that I recommend you to read. We know that only one-third of companies faced with industry disruption thrive, while the remaining two-thirds languish or fail. It is not surprising, then, that incumbents in many sectors are engaged in extensive digital transformation efforts in an attempt to inoculate themselves against the threat of disruption. Digital transformations are among the riskiest for established businesses because of the depth and breadth of change involved, the capability disadvantage of many incumbents, the pace at which digital disruption can unfold, and the fact that customers’ expectations are typically set by a digital native rather than a direct competitor. Given the high stakes, it’s important to consider how such efforts are structured and executed in order to avoid a number of common pitfalls.
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