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Prepare for the Future: Disruption Strategies for Growth and Competitive Advantage

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Prepare for the Future: Disruption Strategies for Growth and Competitive Advantage

  1. 1. Prepare for the Future: Achieving Growth and Competitive Advantage Erin Liman Innovation is Social, LLC
  2. 2. Disruption Can Come from Anywhere Natural disasters Accidents
  3. 3. Disruption Can Come from Anywhere Intentional Attacks : Square New Technologies : 3D Printing
  4. 4. How Do You Prepare for Disruption? Know your blind side Gather diverse perspectives Hack your business
  5. 5. I. Know Your Blind Side
  6. 6. Four Ways of Seeing the Problem The Fact Finder The Options Generator The Consensus Builder The Action Taker
  7. 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. 8. We Like People Like Us
  9. 9. Opposites Attract Repel
  10. 10. II. Gather Diverse Perspectives “The Lonely CEO” The higher you advance, the less truth you hear
  11. 11. II. Gather Diverse Perspectives •  Cultivate Trust Who’s unafraid to disagree with you and tell you the truth?
  12. 12. II. Gather Diverse Perspectives •  Cultivate Trust Hierarchical culture trumps strategy August 6, 1997: Korean Flight 801
  13. 13. II. Gather Diverse Perspectives •  Cultivate Trust Hierarchical culture trumps strategy Culture eats strategy for breakfast Peter Drucker Management Consultant
  14. 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. 15. II. Gather Diverse Perspectives •  Cultivate Trust •  Control Reactions •  Touch Down Create opportunities for exchanges between leaders and the front lines.
  16. 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. 17. III. Hack Your Business Hacker mindset: examine the whole system and look for vulnerabilities.
  18. 18. III. Hack Your Business - IKEA IKEA hacked on 3 fronts: business model, offering and customer experience.
  19. 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. 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. 21. Preparing for Disruption and Growth Know your blind side Gather diverse perspectives Hack your business
  22. 22. Thank You!

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