Innovation may never be a perfect science, but we have the ability to make innovation a reliable engine for growth, an engine based on a clear understanding of causality, rather than simply casting seeds in the hopes of one day harvesting some fruit, according to Clayton Christensen, Karen Dillon, Taddy Hall and David Duncan in their book Competing Against Luck: The Story of Innovation and Customer Choice.
Digital tools allow digital disruptors to come at you from all directions—and from all ages, backgrounds, and nationalities; your competitors probably won’t come from within your industry—they could come from any industry, or from one that doesn’t exist yet, according to James McQuivey in his book Digital Disruption: Unleashing the Next Wave of Innovation. Equipped with a better mindset and better tools, thousands of these disruptors are ready to do better whatever it is that your company does.
Never before have so many people had access, through mobile, social and digital technology, to so much data, knowledge and collective brainpower; this connectedness gives us power to solve big problems, turn dreams into realities, create amazing products, upgrade survival to prosperity, change social policy, discover life-saving medical cures and much, much more, according to Erica Dhawan and Saj-Nicole Joni in their book Get Big Things Done: The Power of Connectional Intelligence.
As an entrepreneur, you need to accept that speed to market is the new normal, and that fast just means faster, to take advantage of the opportunities that are seemingly nowhere and then everywhere, according to Bernhard Schroeder in his book Fail Fast or Win Big. The book aims to explain how you can move faster, how you can learn whether you actually have something which could grow into a substantial company, or how you can evolve, pivot, or abandon the idea.
Our conditioning has left us with the fear that starting a business is as risky as jumping off a cliff, but the biggest cliff is the one in your mind. Jump off the cliff and build your wings on the way down. It’s scary at first, but once you are airborne, it is a wonderful adventure, according to Jake Desyllas in his book Becoming an Entrepreneur: How to Find Freedom and Fulfilment as a Business Owner.
Entrepreneurs and family businesspeople who enjoy long-term business success all follow a common procedure: they continually reinvent themselves, their businesses and, when relevant, their families, according to Lloyd Shefsky in his book Invent Reinvent Thrive: The Keys to Success for Any Start-Up, Entrepreneur or Family Business. While this sounds challenging, it is quite achievable because successful reinvention normally occurs one small step at a time.
Organizations must learn how to drive innovation from both the technology side and the customer side. The challenge for companies is how to get better at bringing those two sides together, according to Marion Debruyne in her book Customer Innovation: Customer-Centric Strategy for Enduring Growth. The essence of customer innovation is that the organization and its ecosystem are a united force in addressing a market demand.
By changing what decisions are made in the business model, when they are made, who makes them, and why they are made, you will be able to come up with business models that better manage information and incentive risks and, as a result, outperform existing business models, disrupt established ways of doing business, and lead to a sustainable competitive advantage, according to Karan Girotra and Serguei Netessine in their book The Risk-Driven Business Model: Four Questions That Will Define Your Company.
By 2020, the Big Data revolution will be over; instead, there will be companies that have actively embraced data analytics as a core business process, and there will be those companies that have elected to go out of business, according to Christopher Surdak in his book Data Crush: How the Information Tidal Wave is Driving New Business Opportunities.
In the era of Big Bang Disruption, new disrupters attack existing markets not just from the top, bottom and sides, but from all three at once; their offerings can be simultaneously better, cheaper and more customised, according to Larry Downes and Paul Nunes in their book Big Bang Disruption: Strategy in the Age of Devastating Innovation. If you want to avoid becoming a victim, you need to learn how to create, launch and compete using your own Big Bang disruptions.