How digital technologies are disrupting business today and for the future. A look at the history of industry, digital business models and responses that businesses should have prepared.
**My additional research and summary of the European Centre of Technology lessons in Digital Marketing**
2. DISCUSSIONPOINTS
What is digital disruption?
Disruptive business models
The ages of industry
How have we responded to digital disruption?
3. AGESOF
INDUSTRY
Manufucturing
Mass manufucturing
makes industrial
powerhouses
successful e.g.
Ford, GE, Boeing,
P&G, Sony
MARKETING PLAN 2020
Distribution
Global connections
and transport
systems make
distribution key
e.g. Walmart,
Toyota, UPS
Information
Connected PCs and
supply chains mean
those who control
information flow
dominate e.g.
Comcast, Amazon,
Google
Customer
Power comes from
engaging with
empowered customers
e.g. Facebook, IBM,
Apple, BestBuy
4. WHATIS
DIGITAL
DISRUPTION?
The past decade has seen new and
transformative platforms, tools and
relationships taking place across
industries, business systems and
emerging technologies such as mobile,
cloud, social and big data.
5. EVERYTHINGDIGITAL
Accessing pictures
Calling a cab
Reading the news
Responding to an email
Can you guess what is happening in this
image?
From just one device, we can gain access to a
myriad of information, services and
communicaton.
DIGITAL DISRUPTION
6. EVERYTHINGDIGITAL
Emerging digital technologies have seen a
change in consumer needs and resulting
business models.
Value propositions of existing goods and
services have changed competition, leading to
new markets and the importance of the power
of information to provide new solutions.
Technical innovation is happening faster than
ever leading to bigger sizes, power,
accessibility and connectivity.
The biggest takeaway from this is that data
is the newest asset class, and the best way
to generate and access it is by digitizing
everything from the consumer end to internal
business processes.
DIGITAL DISRUPTION
7. DISRUPTIVE
BUSINESSMODELS
A disruptive business model
employs a strategy for creating
new business markets by improving
upon or making a change to an
existing business model.
Disruptive companies often combine
elements of various existing
business models or build upon
proven business strategies by
introducing bdisruptive innovation
in their models.
16. RESPONSES
Using all means available to
inhibit the disruptor. These
means can include claiming
patent or copyright
infringement.
BLOCKINGSTRATEGY
DIGITAL DISRUPTION RESPONSES
Extracting the most value
possibe from vulnerable
businesses while preparing
for the inevitable
disruption.
MILKINGSTRATEGY
Actively investing in the
disruptive threat including
disrupting technologies,
human capabilities or
digitised processes.
INVESTMENTSTRATEGY
17. RESPONSES
Launching a new product or
service that completes
directly with the disruptor.
DISRUPTINGCURRENTBUSINESS
DIGITAL DISRUPTION RESPONSES
Focusing on a profitable
niche segment of the core
market where disruption is
less likely to occur such as
having agents focusing on
corporate travel.
RETREATINGSTRATEGY
Building an entirely new
business model, often in an
adjacent industry where it is
possible to leverage existing
knowledge and capabilities.
REDEFININGTHECORESTRATEGY
18. THEWAY
FORWARD
The social fabric and a number of
industries are now at a crossroads
on how to move forward: accept or
reject the future of disruptive
technology.
19. TheWayForward
Google Meetup vs Zoom
Meetings
ACCELERATEDIGITAL
TRANSFORMATION
Tiktok
BECOMEADISRUPTOR
uber, Uber Eats, Uber
Deliveries
REVISEBUDGETFORNEW
TRENDS
Snapchat vs Instagram
Stories
CHALLENGETHE
CHALLENGER