Business disruption can cause chaos and disorder in businesses everywhere. It seems as if business disruptors and their threat are here to stay. No matter what business you are in, if you have worked there long enough, you know that being “in” doesn’t always mean being successful. Business disruption is a real and present danger for many of the most popular businesses.
So, what are the key takeaways here? In every business environment, there will be certain areas of risk/reward concerning innovation. The key takeaways are that when innovation is stifled or prevented, productivity goes down, profits go down, and the bottom line goes down. When you ensure innovativeness for your business environment, you can create a model that provides both productivity and profitability.
What is True Disruptive Innovation?
This is the type of innovation that, when implemented, causes a significant change in the way a company does business. Many businesses consider “disruptive innovation” to be good because it means that something new is offered that adds value. Unfortunately, many large corporations are cashing in on these disruption trends by using them as part of their business plan. They spend millions of dollars a year on research to figure out how to get rid of all the competition and create a brand-loyalty program based on a core trait.
Business disruption is a tricky issue that and there are too many competing factors. However, understanding what disruptive innovations are and how they can positively or negatively affect your company can help you understand the key takeaways.
By properly identifying the type of business disruption you face and how it affects your business. Learning what disruptiveness is in business and then preventing it from happening to your company can make the key takeaways all the more relevant.
While some form of disruption helps the organization innovate, learn new things, it is necessary to limit any disruption. Successful organizations are those who adapt to these disruptions and then implement strategies to overcome such an obstacle. Those businesses who know the strategies to deal with all types of disruption positively and take them as a learning experience can make the most out of these situations. While disruption in businesses is inevitable, how a business tackles such instances define how successful the business can become. A thriving business does not deter from its path with any business disruptiveness and uses it to innovate and learn new things.
