You’ve heard about disruptive technology and there are plenty of real life examples, Blockbuster Video and Kodak spring to mind. Change came in the form of new technologies that rendered their businesses obsolete.
In the United States, digital disruption has seen more than half the companies on the Fortune 500 disappear in the past 13 years.
There are so many other stats that indicate that the rate of failure is increasing – you do not want to be one of them.
Often the comfort of strong and steady sales that provide a false sense of security. Businesses are appearing and disappearing at a faster rate than any time in our history.
The businesses who’ll survive any innovation will be the ones who have both the agility and the mindset to make shifts in their business model and essentially have all employees working as a team.