Business disruption - How disruptive is your business?

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(www.torbenrick.eu) - A decade ago business disruption was the rare exception – now it is a reality that companies face on a regular basis. How disruptive is your business?

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Business disruption - How disruptive is your business?

  1. 1. Top 22+ Business disruption How disruptive is your business?
  2. 2. Confronted with an increasing rate of change • We live in times of change. • It is a new era in which the word “disruption” is not as impressive as it once was because it’s happening more often. • Today’s businesses are disrupting yesterday’s businesses, and tomorrow’s businesses will be disrupted even faster. • Disruption is the new normal. How disruptive is your business? 14 September 2013 www.torbenrick.eu 2
  3. 3. #1 - Business disruption - Social Media Let’s start with probably the most prominent business disruption in the last decade: • Traditionally, companies controlled their message and their brand through well-defined media venues. But not anymore. • Social media lets your customers, your employees, and your competitors all converse in open communities, defining and redefining your corporate and personal brands - in real time. • Companies that are wrong-footed in their response to social media are more and more having spectacular meltdowns, followed eagerly by thousands. 14 September 2013 www.torbenrick.eu 3
  4. 4. #2 - Business disruption – The sharing economy • The internet has evolved from communication to social media and the new shared economy. • These new services rely on the web, impersonal relationships, and they are based on ratings and reciprocal reviews from unknown people to build trust among their users. 14 September 2013 www.torbenrick.eu 4
  5. 5. Disruption #3 - Business disruption - PC industry • The PC industry is hit by the most significant disruptive change it has ever seen and not every company will survive this disruption, or at least continue in their current form. • The emergence of the iPad has caused PC industry growth to slow and even decline. 14 September 2013 www.torbenrick.eu 5
  6. 6. Disruption #4 - Business disruption - Streaming music • Streaming music services can be seen as a modular architecture because customers don’t need to worry about the hardware and all of the bells and whistles – they can simply configure their songs and stream the music from anywhere. • It provides great flexibility for customers to control their music content without a centralized service system and proprietary hardware. 14 September 2013 www.torbenrick.eu 6
  7. 7. Disruption #5 - Business disruption – CD Player • From CD player to NAS and network player • After 20 years designing and manufacturing world-class CD players, Linn stopped production of CD players at the end of 2009 14 September 2013 www.torbenrick.eu 7
  8. 8. Disruption #6 - Business disruption – CD Player • From CD Walkman to portable Mastering Quality Sound player - Supports up to 24-bit / 192kHz Bit to Bit Decoding, support for up to 192 GB 14 September 2013 www.torbenrick.eu 8
  9. 9. #7 - Business disruption - Book publishing • Giant disruption is projected to sweep the publishing world even faster than expected. • The pace of change in the book publishing world accelerates, leaving brick-and-mortar book stores in serious trouble. 14 September 2013 www.torbenrick.eu 9
  10. 10. Disruption #8 - Business disruption - Hotels • 9Flats, HouseTrip, Wimdu and Airbnb – offering the convenience of a hotel, the comforts of a home and the price tag of an up-market hostel - let’s call them peer-to-peer hotels • It is the most prominent example of a huge new “sharing economy”, in which people rent beds, cars, boats and other assets directly from each other, co-ordinated via the internet. 14 September 2013 www.torbenrick.eu 10
  11. 11. #9 - Business disruption - TV industry • Disruption is coming to the TV industry and there will be a new set of distributors leveraging fundamentally different cost structures to the old regime. • The phenomenon is called “Cord-cutting” and has been a growing trend since Netflix liberated the common user from traditional cable services. • Fast internet, mobile devices, and the success of the earliest firms in the space have eliminated most barriers for “OTT” (Over The Top Content) content producers to enter the market. 14 September 2013 www.torbenrick.eu 11
  12. 12. #10 - Business disruption - Marine navigation • Smartphones and tablet-PC have already disrupted or is disrupting many different business. The potential to disrupt several other businesses is huge • Smartphones and tablets create numerous opportunities to identify new processes and business models. More and more customers are replacing there expensive – $400 – $600 – marine navigation unit with a $20 iPad app that works better. 14 September 2013 www.torbenrick.eu 12
  13. 13. #11 - Business disruption - Cash registers • The traditional cash register is heading toward obsolescence • More and more businesses are trading in clunky cash registers for tablet computers, particularly iPad, to process and record payments 14 September 2013 www.torbenrick.eu 13 Disruption
  14. 14. #12 - Business disruption – Film roll • From film roll to SD memory card 14 September 2013 www.torbenrick.eu 14 Disruption
  15. 15. #13 - Business disruption - Camera • From digital cameras to mobile phones with camera 14 September 2013 www.torbenrick.eu 15 Disruption
  16. 16. #14 - Business disruption - Bricks & mortar • With a string of high-profile bankruptcies and thousands of layoffs, the retail sector is in upheaval as it struggles with the challenges of changing customer trends and online shopping. • The traditional bricks and mortar retail is perhaps one of those most affected by the advent of the Internet: Borders, Blockbuster, Comet, HMV, Jessops, etc. 14 September 2013 www.torbenrick.eu 16
  17. 17. #15 - Business disruption - Banks • Banks are changing dramatically amid an avalanche of regulatory change and widespread debt reduction. • But this is not the only disruption which banks are experiencing: The peer-to-peer lending sector is growing fast. 14 September 2013 www.torbenrick.eu 17 Disruption
  18. 18. #16 - Business disruption – Car rental • A car used to be the ultimate symbol of freedom and independence but increasingly consumers view ownership as an expense and a burden. • Car Sharing is becoming increasingly popular with its promise of personal convenience and social improvement. 14 September 2013 www.torbenrick.eu 18 Disruption
  19. 19. #17 - Business disruption – Telecommunication • Over the last decade, driven by growth in broadband networks and reductions in costs, voice over Internet Protocol (VoIP) services have proved to be a disruptive technology that has transformed the telecommunication industry. • VoIP has gained widespread acceptance among service providers, consumers and businesses, offering a cheaper way to get in touch. Instead of using conventional landlines, people can make phone calls via the Internet. • VoIP has been nothing short of a nightmare for fixed operators. 14 September 2013 www.torbenrick.eu 19 Disruption
  20. 20. #18 - Business disruption – Telecommunication • Mobile SMS disruption - Forget SMS! • Services like WhatsApp lets you send messages to users on any of the supported platforms without paying anything except your standard mobile data fee • The cross-platform messaging app has hit 250 million active users 14 September 2013 www.torbenrick.eu 20 Disruption
  21. 21. #19 - Business disruption – Sat • From home satelit dish to TV through optic fiber 14 September 2013 www.torbenrick.eu 21 Disruption
  22. 22. #20 - Business disruption – Gaming hardware • Companies like Gaikai are working tirelessly to redefine the way people access and play video games - cloud gaming platform. • Several companies now offers CPU and GPU power through the internet, primarily aimed at those who play highly demanding computer games. • The need for expensive hardware will be reduced 14 September 2013 www.torbenrick.eu 22 Disruption
  23. 23. #21 - Business disruption – Airlines • “Low cost carrier” (LCC) model has captured the attention across the globe. • Flying only one type of plane, having a point-to-point route structure, providing one class of service and not having meals and assigned seats are the defining attributes of this model. 14 September 2013 www.torbenrick.eu 23 Disruption
  24. 24. #22 - Business disruption – Newspapers • The widespread availability of electronic reading devices (tablets, smartphones, e-readers), the ubiquity of an Internet connection and the advances in digital monetization could lead to the disappearance of newspapers. • Newspapers are dying, but they're not dead yet. 14 September 2013 www.torbenrick.eu 24 Disruption
  25. 25. What is next? How disruptive is your business? Top 5+ disruptive change questions 14 September 2013 www.torbenrick.eu 25
  26. 26. Thanks © Torben Rick http://www.torbenrick.eu Blog http://www.torbenrick.eu/blog/

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