Big-Bang Disruption

Big-Bang Disruption

In recent years a new—disquieting—form of disruptive innovation has emerged, one that beats incumbents on both price and quality right from the start and quickly sweeps through every customer segment. This kind of “big bang” disruption can devastate entire product lines virtually overnight. Look at the effect that free navigation apps, preloaded on smartphones, had on the market for devices made by TomTom, Garmin, and Magellan. Big-bang disruptions often come out of the blue from people who aren’t your traditional competitors. Frequently, they’re developed by inventors who are just doing low-cost experiments with existing technologies to see what new products they can dream up. Once launched, these innovations don’t adhere to conventional strategic paths or normal patterns of market adoption. That makes them incredibly hard to combat. Though technology- and information-intensive firms are most vulnerable to big bangs, mature industries face this threat, too. Credit cards, automobiles, and education, for instance, are all experiencing early warning signs. But in every industry, big-bang disruption will be keeping executives in a cold sweat for a long time to come. This article, which originally appeared in Harvard Business Review, offers some strategic principles to help businesses survive big bangs.

Big Bang Disruption

Business Survival in the Age of Constant Innovation

Big Bang Disruption

'A stimulating read...carefully researched and accessibly written...the case studies on disruption alone are worth the cover price' -Financial Times 'Everything you need from business school in one very direct book' -Dick Costolo, CEO, Twitter It used to take years for new products and services to dethrone industry leaders. Now any business can be instantly devastated by something better and cheaper. How can you protect yourself, and harness the power of Big Bang Disruption? No matter what your industry, start-ups can change the market before you even begin to grasp what's happening. The good news is that any business can master the strategy of the start-ups. In Big Bang Disruption, Larry Downes and Paul Nunes show you how to spot the next big thing - before the next start-up does. Based on extensive research by the Accenture Institute for High Performance and interviews from over 30 industries, this essential bookwill give you with the tools to take control of your future.

The Tao of Innovation

Nine Questions Every Innovator Must Answer

The Tao of Innovation

The Tao of Innovation is the first book to blend Eastern philosophy with tried-and-true innovation strategies. It presents a holistic, intuitive and practical approach to developing game-changing innovation. Having over 30 years of real-world global corporate, entrepreneurial, and consulting experience, and more than 10 years of teaching innovation and entrepreneurship to thousands of students in the East and West, the authors have distilled the most influential thinking on innovation into a holistic set of nine key innovation questions that every innovator must answer throughout the innovation cycle. These provocations apply to any business or organization and illuminate fundamental principles and practices of successful innovation. The Tao of Innovation's use of nature's fundamental elements and the yin-yang's balance of opposing forces as metaphors, provide simple ways to navigate the complexities of business and innovation. They blend art, science, and Eastern and Western philosophies of what it takes to be an innovator. This book is written for individuals who have a passion for initiating change but struggle to find a process or methodology that helps them translate their dream into practical action steps that will get them through implementation. It aims to help organizations of all types proactively stay ahead in a rapidly changing world and change the world for the better. In short, this book is a fresh East-meets-West approach to innovation, helping readers develop a strategy to implement real change and ultimately achieve their innovation dream. Contents:How is the Nature of Your Business Going to Change?How Do You Know When There is an Opportunity for Innovation?How Do You Compete to Outsmart Established Players?How Do You Move Beyond the Status Quo?How Do You Put Yourself in the Right Place at the Right Time?How Do You Craft a Strong and Lasting Go-to-Market Strategy?How Do You Know Whether Your Idea Can Survive in the Real World?How Do You Scale Successfully?What is the Deeper Purpose that Drives You to Innovate? Readership: General readers interested in innovation strategy, business and management. Key Features:Synthesizes multiple theories into a practical framework to serve as a roadmap for innovationAddresses the complexities of real-world implementation and how to overcome organizational resistance to changeThe full-color layout and graphics will help readers grasp complex concepts quickly, perform educational exercises, and thus, learn by doingKeywords:Innovation;Strategy;Business;Management;Innovation Culture;Business Redesign;Design-ThinkingReviews: "This unusual and useful workbook patiently takes readers from evaluating an opportunity to scaling a business ... The authors take readers through a complex process, sprinkling hints and do-it-yourself exercises throughout each chapter ... anyone willing to try a new flavor of business innovation will be richly rewarded." Publishers Weekly "The Tao of Innovation offers a fresh East-meets-West perspective on how organizations and individuals can live up to their creative best." Tom Kelley Partner, IDEO best-selling author of The Art of Innovation and Creative Confidence "Dr Teng-Kee Tan and his co-authors, Dr Hsien Seow and Sue Tan Toyofuku have a powerful grasp on what it takes to become a highly successful innovator. For those who have the courage, commitment and passion to innovate, this book will support them on their journey to transform the world." Tom Bloch Former President and CEO of H&R Block, Inc. Co-Founder, University Academy "This is an excellent business and innovation book using a simple and intuitive framework to capture nine key questions all innovators must ask. The authors identified important dilemmas in each innovation question and proposed solutions to help reconcile the dilemmas we often face in the world of innovation. They talk about 'Innovation with Purpose' which deals with what drives and sustains innovation which I think is very important to advance human civilization in our global environment. I strongly recommend this book for learners, doers and enablers of innovation." Henry W Bloch Co-Founder, H & R Block "Drawing on his decades of experience in business and education, Dean Teng-Kee Tan shows the way to innovation. This is an invaluable read from a remarkable individual." Robert L Virgil Retired Partner, Edward Jones Dean Emeritus, John M Olin School of Business, Washington University in St. Louis "This remarkable book deals with using 'human centered — design thinking' as an important innovation process and mindset to help develop consumer insights and identify higher order needs which is often unarticulated. It is a must read for entrepreneurs, startups, innovators from all industries, for profit or non-profit enterprises. I strongly recommend it." Shuming Zhao Chair Professor and Honorary Dean, School of Business, Nanjing University, China “The insights provided by The Tao of Innovation are transformative and indispensable. It is a superb textbook for innovation management courses.” Dr Michael Song Ranked as World's No. 1 Innovation Management Scholar “This is an expression of Teng Kee's vision for incorporating design thinking and experiential learning in innovation that has attracted attention from all disciplines of higher education and corporations.” Steve McDowell President BNIM Architects AIA Award Winner “This book reconciles real-world tensions in innovation that can be applied immediately.” Charles Hampden-Turner Senior Research Associate, Judge Business School, University of Cambridge

The Bitcoin Big Bang

How Alternative Currencies Are About to Change the World

The Bitcoin Big Bang

Get a handle on the digital currency revolution, and learn howto get on board The Bitcoin Big Bang is a guide to navigating theuncharted territory of digital currency. Written by CNBCcontributor Brian Kelly, this book goes beyond Bitcoin 101 toexplain how this transformative technology is about to change theworld. Digital currency is thrown into perspective against thehistory of payment systems and its own evolution, as readers areinvited to explore the ways in which this technology is alreadychanging the way business gets done. Readers gain insight into themechanisms behind Bitcoin, and an expert perspective on digitalcurrency's effect on the future of money and the economicimplications of the Bitcoin revolution. In the same way that e-mail changed the way we transferinformation, the decentralized Bitcoin network is about torevolutionize the business world, the legal profession, and eventhe role of the government. The Bitcoin Big Bang dives headfirst into this paradigm shift, allowing readers to: Explore the origins of digital currency Learn the history and evolution of payment systems Discover how the Bitcoin network is facilitating free andinstant transfer of value Understand the mining of Bitcoin, and how to invest The digital currency revolution has implications that spread farbeyond the finance industry. Anyone who exchanges payment for goodsand services is on the cusp of the next big push in societalevolution, and only an understanding of the technology and a clearknowledge of the systems and behaviors at play can fully prepare usfor the changes to come. The Bitcoin Big Bang is the go-toguide, helping those who use money use it better.

Collective Genius

The Art and Practice of Leading Innovation

Collective Genius

Why can some organizations innovate time and again, while most cannot? You might think the key to innovation is attracting exceptional creative talent. Or making the right investments. Or breaking down organizational silos. All of these things may help—but there’s only one way to ensure sustained innovation: you need to lead it—and with a special kind of leadership. Collective Genius shows you how. Preeminent leadership scholar Linda Hill, along with former Pixar tech wizard Greg Brandeau, MIT researcher Emily Truelove, and Being the Boss coauthor Kent Lineback, found among leaders a widely shared, and mistaken, assumption: that a “good” leader in all other respects would also be an effective leader of innovation. The truth is, leading innovation takes a distinctive kind of leadership, one that unleashes and harnesses the “collective genius” of the people in the organization. Using vivid stories of individual leaders at companies like Volkswagen, Google, eBay, and Pfizer, as well as nonprofits and international government agencies, the authors show how successful leaders of innovation don’t create a vision and try to make innovation happen themselves. Rather, they create and sustain a culture where innovation is allowed to happen again and again—an environment where people are both willing and able to do the hard work that innovative problem solving requires. Collective Genius will not only inspire you; it will give you the concrete, practical guidance you need to build innovation into the fabric of your business.

Be a Great Boss: The Hill Collection (4 Items)

Be a Great Boss: The Hill Collection (4 Items)

This digital collection, curated by Harvard Business Review, offers seminal ideas by leadership expert and Harvard Business School professor Linda A. Hill. It includes three of her most popular books—Becoming a Manager, Being the Boss (coauthor), and Collective Genius (coauthor)—as well as the influential 2011 Harvard Business Review article, “Are You a Good Boss—or a Great One?,” which Hill coauthored with Kent Lineback. Hill is an in-demand teacher and mentor to professionals worldwide on the topics of managing change, cross-organizational relationships, global strategy, innovation, talent management, and leadership development. This collection offers the best reading on how to be an effective leader and a better boss—resulting in enhanced personal and professional success and a better-performing organization. All four works included in the set are influential in the field of leadership and have been embraced by practitioners everywhere, who use Hill’s advice to become better at what they do. Linda A. Hill is Professor of Business Administration at Harvard Business School and the faculty chair of its Leadership Initiative. She has chaired numerous executive education programs at the school. Hill serves on numerous boards of directors, boards of trustees, and advisory boards, and her work and ideas are featured regularly in international media.

Transition and Economics

Politics, Markets, and Firms

Transition and Economics

The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.

Pivot to the Future

Discovering Value and Creating Growth in a Disrupted World

Pivot to the Future

Disruption by digital technologies? That's not a new story. But what is new is the "wise pivot," a replicable strategy for harnessing disruption to survive, grow, and be relevant to the future. It's a strategy for perpetual reinvention across the old, now, and new elements of any business. Rapid recent advances in technology are forcing leaders in every business to rethink long-held beliefs about how to adapt to emerging technologies and new markets. What has become abundantly clear: in the digital age, conventional wisdom about business transformation no longer works, if it ever did. Based on Accenture's own experience of reinventing itself in the face of disruption, the company's real world client work, and a rigorous two-year study of thousands of businesses across 30 industries, Pivot to the Future reveals methodical and bold moves for finding and releasing new sources of trapped value-unlocked by bridging the gap between what is technologically possible and how technologies are being used. The freed value enables companies to simultaneously reinvent their legacy, and current and new businesses. Pivot to the Future is for leaders who seek to turn the existential threats of today and tomorrow into sustainable growth, with the courage to understand that a wise pivot strategy is not a one-time event, but a commitment to a future of perpetual reinvention, where one pivot is followed by the next and the next.

The Future of Strategy: A Transformative Approach to Strategy for a World That Won’t Stand Still

The Future of Strategy: A Transformative Approach to Strategy for a World That Won’t Stand Still

Own the Future of Your Industry with a Transformational Strategy Designed for Today's Business World Leaders today are inundated with strategic opportunities, besieged by business disruptions, and pressured to innovate--to do things better, faster, or differently. The CEO of a Fortune 500 firm explains it best: "I am looking at 23 different strategic initiatives. Trying to develop and implement so many strategies is like trying to change the driver, tires, the oil, and the bumpers; paint the body; and tune the engine. And doing all of this on a car that's running at full speed." The answer used to be found in strategy. But in the past decade, the commonly deployed large-scale strategic exercises were largely discredited. They were slow and elaborate and did not deliver the expected returns, let alone help make sense of a glut of initiatives or cope with an increasingly unpredictable future. The Future of Strategy brings strategy back from those big top-down plans. It answers the questions of executives facing tumultuous business conditions and rapidly shifting markets: Is strategy still possible? Yes. Aren't strategies outdated before they can be implemented? Not if they are done right. Rather than developing strategy, aren't we better off being agile and able to capitalize on emerging trends faster than our peers? Agility complements strategy; it cannot replace it. This book is about reversing course and repositioning strategy in its rightful place as the overarching management system. The authors introduce their core methodology, designed to future proof companies against the friction and "fog of war" that inexorably accompany changing times. They synthesize three fundamental principles that, when combined, provide the means to reclaim strategy: Take direct cues from fundamental trends affecting the company going forward Engage people across the company to translate these cues into strategy and effectively eliminate the handover hurdle between formulation and execution, a major reason for strategy failure Capture the output as competitive opportunities and manage their life cycles--when some have run their course, others are ready to take over Strategy today requires stepping over the shadows of one's own ingrained beliefs to capture new opportunities. This book reveals the inner workings of transformational strategies developed by leaders who gradually become more successful by advancing winning combinations of attitudes, values, habits, and practices.

The Last Driver’s License Holder Has Already Been Born: How Rapid Advances in Automotive Technology will Disrupt Life As We Know It and Why This is a Good Thing

The Last Driver’s License Holder Has Already Been Born: How Rapid Advances in Automotive Technology will Disrupt Life As We Know It and Why This is a Good Thing

How the radical disruption of the auto industry affects you—and how you can prepare for the soon-to-be “new normal” The combined effect of autonomous driving, electric vehicles, and the sharing economy is on the verge of changing the auto industry—all within the next decade. And this tech/economics revolution will touch virtually every industry. What exactly will change? Jobs: Demand for commercial vehicle drivers, car dealers, mechanics, doctors, and many other professions will shrink Laws: Manually driving cars will be forbidden—and car ownership will be almost nonexistent Housing: Prices will drop and cities and towns will be planned differently Healthcare: Infrastructure will shrink as traffic accidents dramatically decline Global trade: China will become the world’s biggest automotive exporter The Last Driver License Holder Has Already Been Born provides the information and insight you need to position your company for these groundbreaking changes. It reveals the disruptive technologies now taking shape and provides a timeline of when they will take hold. It examines the impact on the industry itself, as well as adjacent sectors, including jobs and professions, city and street design, hospitals, insurances, politics, security, hospitality industry, the oil industry, real estate, and society at large. And it provides the knowledge and insight you need to keep yourself and your organization ahead of the curve—and in front of the competition.