How To Create Disruptive Innovation
-
Upload
lindberg-international -
Category
Business
-
view
86 -
download
1
Transcript of How To Create Disruptive Innovation
![Page 2: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/2.jpg)
In order to create something of value you often have to destroy something else. So, in other words - If it ain’t broke, break it.
![Page 3: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/3.jpg)
If you do not constantly attempt to break it yourself, your competitors will. So, step into their shoes and think about what you would do to outcompete your own company; otherwise, you will sooner or later realize that your market disappears or your products and services become obsolete.
![Page 4: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/4.jpg)
Therefore, you need to constantly innovate, & without solid insight into your target group’s problems, frustrations, and challenges it is difficult to know what to aim for.
![Page 5: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/5.jpg)
Nevertheless, with technology and business cycles changing rapidly, you need to be fast as well - and hit the right target.
Obviously, the faster you shoot the less time you have to aim, so you need to send off multiple shots.
![Page 6: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/6.jpg)
In order to create disruptive innovation you must venture out into deep water. You need to do something that turns the world upside down, something that is truly unique
![Page 7: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/7.jpg)
It may sound counter-intuitive, but in many cases you actually need to offer less than you do today.
![Page 8: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/8.jpg)
Use this simple tool that forces you to think outside the box by making you look at your offerings from seven different perspectives:
![Page 16: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/16.jpg)
If you further expand on and combine some of these “out of the box” ideas, you will have a good platform. However, ideation is not enough, now it is time for fast prototyping, which involves 3 phases.
![Page 17: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/17.jpg)
Fast truly is a keyword because it is OK, almost a must, to miss as long as you do it fast and early and without spending too many resources:
![Page 18: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/18.jpg)
Prototype: Create a number of prototypes that supposedly create value to your target group by relieving them from some of their pains
![Page 19: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/19.jpg)
Test: Let carefully selected people, primarily but not exclusively from your target group, evaluate your prototypes – and do it early in the process
![Page 20: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/20.jpg)
Refine: You need to receive comprehensive feedback from the test in order to identify areas that need to be improved
![Page 21: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/21.jpg)
A failure is only a failure if you do not learn from it; consequently, embracing failure must be built into the very DNA of your company.
![Page 22: How To Create Disruptive Innovation](https://reader033.fdocuments.in/reader033/viewer/2022051502/58d1b1921a28ab98278b4bed/html5/thumbnails/22.jpg)
For further insights into achieving growth please download our free Mission to Mars whitepaper by clicking below:
DOWNLOAD MISSION TO MARS